Major Crypto Exchanges Huobi Global and OKEx Launch Support for Tron-Based USDT

Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin Tether. The developments were announced in two official announcements, both published on March 21. In early March, blockchain protocol Tron (TRX) and Tether, issuer of stalwart stablecoins USDT and EURT, announced their partnership to issue a TRC-20-based USDT — a term that indicates adherence to a technical token standard supported by the Tron blockchain. The new token is designed to be interoperable with all Tron-based protocols and decentralized…

Major Coins See Mixed Signals, Gold Reacts Positively to US Federal Reserve Decision

Wednesday, March 20 — cryptocurrency markets are seeing mixed signals today after moderate growth yesterday. Most top coins are slightly down, with Bitcoin (BTC) trading at around $4,060 at press time. Market visualization from Coin360 BTC is down around 0.13 percent over the last 24 hours, and is trading at around $4,063 at press time. The leading digital currency has seen low volatility during the day, having dropped to as low as $3,993, while the intraday high reached $4,079. As reported earlier today, multiple respondents have filed comments with the…

Major Cryptocurrencies See Slight Gains, Palladium Hits $1,600 for The First Time

Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark. Market visualization from Coin360 During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the day. Today, major cryptocurrency exchange Binance announced that its new service “Binance Lite” will enable the exchange’s Australian customers to purchase Bitcoin with fiat currency from supported newsagents. Bitcoin 7-day price chart. Source:…

Bitcoin Cash Grows as Major Oil Futures Show Mixed Movements

Monday, March 18 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time. Bitcoin is down just over one tenth of a percent on the day, trading at around $4,024, according to CoinMarketCap. Looking at its weekly chart, the current price is just under three percent higher than $3,906, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Co-founder of advisory firm Fundstrat Global Tom Lee today noted the apparent correlation between Bitcoin’s price action and emerging…

Bitcoin Price Slips at $4,000; A Minor Pullback Before a Major Rally?

Following a spike to $4,068 from the low $3,900 region, the bitcoin price has experienced a slight pullback to $4,000. While the price of bitcoin slightly differs from region to region, on average, bitcoin is currently being traded at $4,017. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up. 7-Day Bitcoin Price Chart (Source: Coinmarketcap.com) Against Tether (USDT) on Binance, bitcoin has dipped below the $4,000 mark to $3,975. Minor…

Crypto Market at Major Crossroads: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap rebounded recently and revisited the $129.0B resistance area. Litecoin (LTC) price gained nearly 5% and it seems like it could test $58 or $60. Bitcoin cash price is trading sideways below the $130 resistance level. Tron (TRX) corrected above the $0.0220 level, but it could face a strong hurdle near $0.0230. Cardano (ADA) price is gaining momentum and it may trade towards the $0.0500 resistance level. The crypto market cap is approaching a crucial resistance area and it could surge higher. Bitcoin (BTC), Ethereum (ETH),…

Major UK Energy Company Acquires Stake in Blockchain Firm Electron

Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12. Kaluza —  an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in Electron, a London-based energy tech company that uses blockchain technology. The move aims to facilitate Electron’s deployment of distributed energy trading platforms. Electron will purportedly use the proceeds of the investment to develop its…

Bitcoin Shorts Near Monthly High and it Could Trigger Major Price Movement

Bitcoin shorts have increased significantly in recent weeks to a monthly high, an indicator that may suggest a decline in the confidence of investors in the dominant cryptocurrency. Shorts remain an unconvincing indicator of the sentiment in the cryptocurrency market because the take of analysts on the impact of short contracts on the price of Bitcoin differs quite regularly. Bitcoin 7-Day Chart (Source: Coinmarketcap.com) Speaking to CCN, cryptocurrency technical analyst and trader “Hsaka” said that shorts do not necessarily reflect the sentiment of investors in the market. Short Squeeze a…

Ripple (XRP) Squeeze, A Major Breakout Is on the Cards

Ripple prices below 34 cents, in range mode JPM Coin not a threat, Brad Garlinghouse assures Transactional volumes low, averaging 14 million Brad Garlinghouse, the CEO of Ripple Inc, is confident that JPM Coin private nature is not a threat to XRP. Even so, Ripple (XRP) prices are struggling and yet to breach the 34 cents mark. Ripple Price Analysis Fundamentals In a way, JPM Coin is a pioneer in that it is the first major, USD backed cryptocurrency issued by a major bank. Here’s why it is noteworthy. Aside…

Ripple Price Analysis: XRP at Major Crossroads But 100 SMA Holds Key

Ripple price failed to surpass the $0.3200 resistance and started a downward move against the US dollar. The price traded below the $0.3140 support and it is now approaching the key $0.3080 support. There is a new declining channel formed with resistance at $0.3125 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under pressure and it seems like it could tumble if there is a break below the 100 hourly SMA. Ripple price is slowly grinding lower against the US Dollar and bitcoin.…