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Fed Chairman: “Cryptos Don’t Have Intrinsic Value,” Denies The ‘Crypto Threat’

On Wednesday morning, the U.S. Congress held a hearing regarding cryptocurrencies, hearing mixed opinions from regulators and representatives of the U.S. government. Federal Reserve Chairman: Cryptos Aren’t A Store of Value Or A Payment Tool Jerome Powell, the chairman of the U.S. Federal Reserve (Fed), presented his thoughts about the current state of the crypto market while speaking to the House ...

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Ripple Price Analysis: XRP/USD Testing Key Support

Key Highlights Ripple price made a nice upside move before facing sellers near $0.5245 against the US dollar. There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near a major support zone at $0.4750 and the 100 hourly ...

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Bitcoin (BTC) Price Watch: Buyers Waiting for a Pullback?

Bitcoin Price Key Highlights Bitcoin price recently surged past an area of interest and may be due for a retest. Using the Fibonacci retracement tool shows where bulls might be waiting to join in. Technical indicators are hinting at potential profit-taking and a continuation of the uptrend. Bitcoin price could be due for a correction from its latest rally, and ...

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Ethereum Price Analysis: Can ETH/USD Hold 100 SMA?

Key Highlights ETH price started a major downside correction below the $500 level against the US Dollar. This week’s highlighted key bullish trend line was breached with support at $485 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $470 support and the 100 hourly simple moving average. Ethereum price trimmed most ...

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Bitcoin Cash Price Analysis: Can BCH/USD Hold This Support?

Key Points Bitcoin cash price started a downside correction and declined below $840 against the US Dollar. This week’s highlighted major bullish trend line was breached with support near $830 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently testing a crucial support near $800 and it remains at a risk of more ...

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NEO Price Watch: Longer-Term Reversal Pattern?

NEO Price Key Highlights NEO could be in for more gains as it forms an inverse head and shoulders on its 4-hour chart. Price has yet to break past the neckline around $40 to confirm the potential uptrend. Technical indicators are giving mixed signals at the moment, with oscillators suggesting another dip. NEO price could be in for a reversal ...

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Bitcoin Cash (BCH) Technical Analysis

There is a wave sweeping through the market, a rejuvenation tide and Bitcoin Cash (BCH) is rising with it. On a weekly basis, it’s up 22 percent and trading above $850, our buy trigger with Bitcoin Cash bulls aiming for $1300 in the short term if not $1800. On the development front, Bitmain’s smart contract proposal will make BCH blockchain ...

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Former Genesis Rock Star Peter Gabriel Invests in Blockchain Startup Provenance

Peter Gabriel, the former frontman of progressive rock band Genesis, is entering the cryptocurrency world by backing a British blockchain startup named Provenance. The rock star is the most recent celebrity putting its name behind digital currency-related startups. Genesis Frontman Peter Gabriel Invests in Supply Chain Blockchain Startup U.K.-based social enterprise project Provenance is building a traceability system for materials and products ...

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Billionaire Hedge Fund Manager Ken Griffin Slams Bitcoin

The co-founder and manager of the money management firm Citadel has voiced his grievances with Bitcoin. Ken Griffin stated today that none of his portfolio managers are interested in exposure to digital assets. Ken Griffin: “I Still Scratch My Head About Bitcoin” It’s very rare here at NewsBTC that we get to report on a prominent figure from traditional finance ...

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