Crypto is Taking Over Venezuela, Due to the Country’s Destroyed Fiat System

Venezuela is facing hyperinflation and international sanctions that have brought the economy and its people to their knees. In response, President Nicolás Maduro recently mandated that his Petro crypto will become the nation’s second official currency starting tomorrow, August 20. In relation, some believe a “post-fiat” world is emerging in the country, with both the government and…

Bitcoin Price Watch: BTC/USD at Risk of Upside Break above $6,540

Bitcoin Price Watch: BTC/USD at Risk of Upside Break above $6,540

Key Points Bitcoin price mostly traded in a range above the $6,300 support area against the US Dollar. There is a crucial breakout triangle pattern formed with resistance near $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points towards $6,380, but it is likely…

UPS Eyes Blockchain in Bid to Track Global Shipping Data

Shipping giant UPS has filed for a new patent that uses blockchain as part of a distributed system for sending packages worldwide. Source: https://media.coindesk.com/uploads/2017/05/cropped-coindesk-new-favicon-32x32.png / Author: Anna Baydakova

Ethereum Price Analysis: ETH/USD Could Accelerate Higher

Ethereum Price Analysis: ETH/USD Could Accelerate Higher

Key Highlights ETH price is recovering after trading as low as $282.73 and formed a decent support against the US Dollar. There is an ascending channel forming with current support at $296 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to rise slowly and steadily above the $300 and…

Ripple (XRP) Price Watch: Setting Its Sights Higher

Ripple (XRP) Price Watch: Setting Its Sights Higher

Ripple Price Key Highlights Ripple price has completed its retest of a former resistance level, which has held as support. Price could be due to climb to the Fibonacci extension levels, but it has yet to break out of this short-term triangle. Technical indicators are showing mixed signals on the direction of price action from…

Pin It on Pinterest