Blog: CoinIdol

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Stats Has published 212 posts about cryptocurrency

Nov 29 2020

PayPal Screws Up Its Cryptocurrency Service, Causing a Price Plunge

Nov 29 2020 Published at CoinIdol under tags  news

Recently, the payment merchant PayPal entered the cryptocurrency industry by having launched a buy and sell services. This event caused a drastic bull run of most major cryptocurrencies. However, soon enough the service faced serious problems with one of the users, causing most coins to collapse.

Tezos Fluctuates Between Levels $1.95 and $2.50 After Rejection at $3.0 High

Nov 29 2020 Published at CoinIdol under tags  news

Tezos is still trading in a sideways move since September. The altcoin is fluctuating between levels of $1.95 and $2.50.

EOS Finds Support above $2.80, Resumes Upside Momentum

Nov 29 2020 Published at CoinIdol under tags  news

Following its rallies to $3.80 high, buyers could not continue with the uptrend. At the recent high, the candlesticks possess long wicks.

Nov 28 2020

Ukraine Is Going to Launch an Educational TV Series on Blockchain and Cryptocurrency

Nov 28 2020 Published at CoinIdol under tags  news

The Ukrainian government is making efforts to spread awareness about blockchain, bitcoin and cryptocurrency among common folks. The Ministry of Digital Transformation announced an online briefing on launching a blockchain and cryptocurrency TV series.

Ethereum Slumps to $480 Low, Consolidates Between $480 and $520

Nov 28 2020 Published at CoinIdol under tags  news

The biggest altcoin has been in a downward move soon after its rejection at the $620 resistance. Ether fell and found support above the $480 price level.

Ripple Continues Downward Correction, May Resume Sideways Move

Nov 28 2020 Published at CoinIdol under tags  news

Ripple has fallen and found support above $0.52. On November 24, XRP declined because of the presence of a long candlestick wick which suggested a downward movement of the coin.

Nov 27 2020

Bitcoin Cash Rally Stalls at $360 Resistance, Buyers Recoup Above $250 Support

Nov 27 2020 Published at CoinIdol under tags  news

Following the recent price surge above $360 resistance on November 24, the Bitcoin Cash (BCH) uptrend has been terminated.

Litecoin May Lose Critical Support as Sellers Approach $60 Low

Nov 27 2020 Published at CoinIdol under tags  news

On November 24, Litecoin rallied to $94 high but could not continue the uptrend. LTC retraced to the $86 low and resumed consolidation between $84 and $90.

Supporting Cryptocurrency Business: US takes the Lead

Nov 27 2020 Published at CoinIdol under tags  news

The existing interaction between banks and cryptocurrency companies is not the best so far, and there are little to no efforts being put in place to address this issue. Some central banks are giving orders to other financial institutions not to deal in cryptocurrencies including Bitcoin. Bans and warnings have been issued by banks to keep away from using or trading cryptocurrencies.

Nov 26 2020

Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency

Nov 26 2020 Published at CoinIdol under tags  news

The Central bank of Lebanon (BoL) is planning to release its state-backed digital currency known as digital pound. The bank is now the latest financial regulator to embrace the roll out of a central bank digital currency CBDC. The official launch is planned for 2021.

Ripple Is in a Downward Correction, a Breakdown to $0.40 Low Likely

Nov 26 2020 Published at CoinIdol under tags  news

On November 24, Ripple rallied to $0.78 high but pulled back to $ 0.70 low. The altcoin is repeating the price action of September 17, 2018. In that price action, the crypto rallied to $0.79 high.

Ethereum Slumps below $500, Faces Strong Rejection at $620 Resistance

Nov 26 2020 Published at CoinIdol under tags  news

Following its impressive bullish run and rally to $620 high, Ethereum faces strong selling pressure from the recent high.

The New Era of DeFi: xSigma

Nov 26 2020 Published at CoinIdol under tags  news

Decentralized finance (defi) burst onto the scene in 2020, as investors rallied behind the enormous potential of peer-to-peer financial services.

Nov 25 2020

Privacy Coins to Be De-Anonymized: Monero Is to Fall First

Nov 25 2020 Published at CoinIdol under tags  news

Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.

Bitcoin Cash Is in a Brief Rally, Faces Strong Rejection at $360 Resistance

Nov 25 2020 Published at CoinIdol under tags  news

Since November 20, the bulls have broken the resistance at $260 and $280. This bullish scenario has provided an enabling ground for the coin to achieve price acceleration.

Bitcoin Rebounds as Bulls Attempt to Retest the $19,891 High of 2017

Nov 25 2020 Published at CoinIdol under tags  news

Following its downward correction between $17,800 and $18,600, BTC rebounded twice to break away from the previous price range.

Nov 24 2020

Litecoin Surpasses Previous Peak Price of $82, Struggles below $90 Resistance

Nov 24 2020 Published at CoinIdol under tags  news

Litecoin (LTC) has continued its rallies as bulls broke above the previous peak price of $82. Initially, the LTC price was making a series of higher highs and higher lows.

Ripple Attains a New High of $0.70, Ready for the Next Move on the Upside

Nov 24 2020 Published at CoinIdol under tags  news

Following its breakout on November 16, the bulls have consistently sustained the upside momentum for Ripple (XRP) coin, November 24, 2020.

APEX Network and Red Pulse Phoenix to Merge and Develop Horizon DeFi Platform

Nov 24 2020 Published at CoinIdol under tags  news

After months of meticulous planning and discussion, two blockchain projects APEX Network and Red Pulse Phoenix have made a strategic maneuver to combine their platforms and ecosystems through a merger that will create a comprehensive enterprise data blockchain platform.

Nov 23 2020

Son of Beatles Legend joins Bandwagon of Celebrities Supporting Bitcoin

Nov 23 2020 Published at CoinIdol under tags  news

Sean Ono Lennon, the descendant of the legendary John Lennon of the Fabulous Four from Liverpool, has become an official supporter of Bitcoin. He has joined the bunch of celebrities favouring cryptocurrencies.

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