Crypto Price Analysis: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Cardano, NEO – February 28

On Wednesday, most of the major cryptocurrency prices stagnated and fell slightly. However, the market has now recovered following the big market selloff that occurred earlier this month. BTC/USD In our previous article, it was established that a resistance of $10,875 must be tested for BTC to hit $11,000 once again. Although it did manage to surpass $11,000 today, the gain was short lived and the coin went back down to around $10,500. Source: Tradingview However, BTC could be set for another rebound toward $11,000. This is indicated by the…

Bitcoin Price Rallied On Tether Related Buying

Bitcoin price continues to move here and there amid speculations and price manipulation; the largest cryptocurrency is up sharply from the lows seen during the weekend – leading the broader market rally by a wide margin. Its price climbed as much as 9% in the early trading on Tuesday before retreating later in the session, driven by higher volumes from Japanese markets. Japanese markets account for 51% of the trading volume, while USD represented 22% of the bitcoin trading. Source Image: coinmarketcap.com Though no specific report aids the upside trend and higher…

NEM (XEM), Tron (TRX), & DigixDAO (DGD) Lead the Market

The cryptocurrency market as a whole has taken a slight correction, with no specific reason for doing so. There have been crickets lately with new worldwide government regulations, which is a great thing as those announcements have driven crypto prices down exponentially in the past. With prices down today, there are still a few coins seeing gains and leading the market. DigixDAO (DGD) Source: CoinMarketCap DigixDAO coins are entirely backed by bars of gold. Yes, that’s right, actual gold. A single token represents 1 gram of gold. The team’s reason…

Is Cryptocurrency Anonymity Aiding Criminals? Bill Gates Thinks So

Cryptocurrency Anonymity – is this the future of criminal activity? Bill Gates believes so. The Cryptocurrency revolution has not only raised a red flag for banks and the global financial system, the invasion of virtual currencies has been threatening tax collection and anti-money laundering initiatives. Criminals, tax evaders, and terrorists are effusively capitalizing on the anonymous feature and can turn their black money into white money. Analysts and global regulators have stressed on taking strong initiatives to avert the criminal activities by regulating cryptocurrencies and banning their anonymous feature.   …

Anonymous Feature Makes Cryptocurrencies Bad?

The Cryptocurrency revolution has not only raised a red flag for banks and the global financial system, the invasion of virtual currencies has been threatening tax collection and anti-money laundering initiatives. Criminals, tax evaders, and terrorists are effusively capitalizing on the anonymous feature and can turn their black money into white money. Analysts and global regulators have stressed on taking strong initiatives to avert the criminal activities by regulating cryptocurrencies and banning their anonymous feature.    Some analysts believe cryptocurrencies are pump and dump schemes and don’t have any underlying…

The Substantial Volatility Could Result in Complete Losses

Cryptocurrencies are one of the most substantially volatile investments in the world. The investment in Bitcoin (BTC) and other digital currencies has the potential to generate big profits for investors but the risk of losing the entire investment is equally high.These currencies have the history of making volatile upside and downside movements – they can add or erase billions of dollars in few hours alone. Based on reports from fund managers, virtual currencies are numerous times volatile and riskier than stocks and other securities during the financial crisis of 2008-09. Richard…

Bitcoin and Ripple Are Threatening Traditional Financial System – Here’s How

Traditional Financial Systems all around the globe are among the most significant critics of cryptocurrencies, amid the emerging possibility that cryptocurrencies can steal a massive amount of market share from banks in the days to come. Cryptocurrencies don’t require any intermediation for processing the transaction; this phenomenon allows digital currencies to complete the transaction in less time with lower cost when compared to banks. Head of State Bank of India said; “By 2030, traditional banking services could cease to exist with Blockchain. Blockchain can replace all services of banks.” Though…

Bill Gates: ‘cryptocurrency has caused deaths in a fairly direct way’

Cryptocurrencies have faced some harsh scrutiny over the past couple of months. From crackdowns in China and Texas to ICO scams and market slumps, digital currencies are becoming increasingly infamous. And now, Microsoft co-founder Bill Gates has voiced a particularly startling criticism of the technology. In a Reddit AMA (Ask Me Anything) today, the software entrepreneur and world’s richest man was asked about his thoughts on cryptocurrencies. His reply suggested he wasn’t a fan of the anonymity associated with it, stating that it is important for Governments to be able…

Poloniex Exchange Bought by Circle Inc.

A few weeks ago, the Modern Consensus website published an article saying that a negotiation between Poloniex and Circle had been concluded. Many rushed to describe it as Fake News due to the lack of confirmation from the involved parties and even an apparent denial according to consultations made by journalists. But, it seems that Poloniex exchange has been acquired by Circle Inc. Read on to find out more. However, in the official press release they suggested the idea that the purchase negotiations had been going on for several months, which…

Traders Aren’t Considering Ripple’s Increasing Penetrating in Financial Sector

The influx of Ripple’s (XRP) blockchain technology has been changing the traditional global financial system. Banks and payments services companies continue to advance their relationship with ripple – more than 100 private and public companies have announced testing ripple products (xCurrent, xRapid and xVia) in order to improve their transaction costs and times for domestic and cross-border payments. Indeed, the Chinese and Indian financial sectors are looking toward ripple’s products to advance their payment systems – both countries have officially warned their citizens from cryptocurrency trading. In fact, China has…