If You Can’t Beat Them, Join Them: JP Morgan Creates Its JPM Cryptocurrency

TL; DR JP Morgan has created JPM Coin to settle transactions between clients of its wholesale payments business instantly. After initially criticizing Bitcoin, the companies have changed their opinion and is quickly embracing blockchain technology This is the first time a major US bank is creating its cryptocurrency, which will have ramifications for the entire banking industry.   JP Morgan, one of the...

Ethereum (ETH) Price Analysis Feb.14: Ethereum Consolidates Around $120. What’s Next?

Ethereum has now seen a modest price increase totaling over 16% throughout the past week. The cryptocurrency currently trades for approximately $120, after suffering from a 30% price fall over the past 90 days. This consolidation is aligned with the recent price moves of Bitcoin. Looking at the ETH/USD 1- Day Chart: After bouncing from support level at $105.41, ETH/USD had...

YouHodler Introduces Euro to Platform For Globalized Experience

FinTech and crypto lending platform YouHodler just announced they will be adding the Euro (EUR) to their list of fiat loan options. Along with USD, EUR becomes the first new addition to this now, multi-currency platform after increasing demands from their European user base. Previously, the user could receive a loan issued in USD and withdraw borrowed funds using USDT...

CZ, CEO of Binance: A Major Exchange Attacked Us When We Were Small

Binance’s CEO, Changpeng Zhao, recently explained how the largest crypto exchange in the world deals with attacks from other exchanges. In a personal post, Zhao states that various exchanges have targeted Binance for different reasons since and especially it’s early days. CZ lists several reasons why other exchanges picked on Binance; those include the fear of Binance’s rapid progress, fame-seeking,...

BTC Short Positions Are Reaching Historical Long-Term Support: Bitcoin Price Analysis Feb.14

For the past five days, Bitcoin is trading sideways around the Fib level 38.2% retracement ($3575). The bulls, that were expecting to see a reversal, or at least a breakout of the important 50-days moving average line of the daily chart, are still waiting. We pointed out two days ago an option that the last $300 daily gains of BTC...

Crypto Adoption Ahead: NASDAQ to Add New Bitcoin (BTC) and Ethereum (ETH) Indices

TL: DR NASDAQ stock exchange adds Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) to their trading services These indices will be joining 40,000 of Nasdaq’s indexes (including Nasdaq 100 and Nasdaq Composite) through their GIDS data feed. The continued integration of Bitcoin into traditional stock market trading services is a clear sign of mainstream adoption In the past year, the NASDAQ...

Investments: Marijuana Explosion – What to Expect from Canopy Growth Corp Upcoming Reports on Feb.14?

TL: DR With $40 billion in revenue and a $4 billion investment, Canopy Growth is well positioned to succeed in a legal cannabis market There is uncertainty around how much more profitable cannabis business will become now that Cannabis is legal for recreation purposes Investors of Canopy Growth nervously await the release of ‘post-legalization’ financial results due February 14th. The cannabis industry looks...

Litecoin’s Extraordinary Week: Following 30% Weekly Gains, Litecoin (LTC) Price Analysis Feb.13

Litecoin has seen an impressive price surge throughout the past week totaling over 31%, making it the strongest performing cryptocurrency in the top 10 over the stated period. Some of the fundamental reasons include the partnership with Beam on implementing the Mimblewimble protocol. Litecoin is now trading at a price of around $43.70 and currently holds a market cap value of...

Crypto Market Update Feb.12: Bitcoin Dominance Declines as Altcoins Skyrocket

After a few sleepy weeks, we got some action, with an upward correction for Bitcoin and other crypto’s like Litecoin (LTC) which rose 30%. Although the general excitement is still cautious, those who follow the market regularly are beginning to notice a halt in the downward trend, possibly even the beginning of a change in trend. The hype that...

Weekly Price Analysis Overview Feb.12: Bitcoin, Ethereum, Ripple, Dash and Monero

Bitcoin After consolidation around $3,330, along with a significant drop in trading volume and expectations for a further decline, on Feb 8th of the month, a nice candle came up and raised the price by 10%. Following a small correction, support was set at $3,500 with resistance at $3,700. Ethereum Against the dollar, the price is around Fibonacci levels. If we look...