Broadening wedge or bull flag? Either way, Bitcoin appears to be losing momentum

Data from BTC.com estimates that the network will continue to grow stronger by attaining another ATH in the next 12 days — with a network difficulty of 26.70 trillion. 190 Total views 24 Total shares The Bitcoin network difficulty is determined by the overall computational power, which co-relates to the difficulty in confirming transactions and…

United States president Donald Trump would cause a Bitcoin (BTC) price crash if he banned it, but the law would likely prevent him, economist and trader Alex Krueger concluded on Twitter July 15.Trump, who announced his distaste for cryptocurrency in general last week, initially failed to impact market sentiment. A subsequent breakdown over the weekend…

The United States Securities and Exchange Commission (SEC) has been in the thick of the action over the past week. First, the SEC rejected the Bitcoin ETF application from Bitwise Asset Management and NYSE Arca. Next, the governing body obtained a temporary restraining order against Telegram and its wholly-owned subsidiary Telegram Open Network (TON) for…

The Zcash Foundation, the firm behind privacy-centric cryptocurrency Zcash (ZEC), has donated $40,000 to a Canadian private messaging developer. The Open Privacy Research Society, a non-profit group working on Cwtch, a decentralized metadata-resistant messenger, has received 1,044 ZEC from Zcash, the organization announced on Dec. 3.As described by Open Privacy, Cwtch is a platform for…

The IT subsidiary of South Korean tech giant Samsung is launching three new products aimed at addressing clients worries about blockchain, the company confirmed in a press release on June 18.Following what it describes as trouble implementing the technology, Samsung SDS said its new offerings will address core areas of concern among its client base.“When…

Ethereum’s dominance as the preeminent smart contract blockchain platform has been boosted by the popularity of decentralized finance and decentralized applications tokens in 2020, with ERC-20 tokens now accounting for nearly half of the assets on the blockchain.The smart contract platform has been in existence for just under five years and, in that space of…

Crypto garnered another mention in one of Maduro's bombastic speeches. The President of Venezuela Nicolas Maduro says that the country's government is now looking at diverse cryptocurrencies as a potential way of avoiding sanctions.On Sept. 29, Maduro presented a new bill that intends to help the country overcome the impact of United States’ sanctions. As part…

The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.