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Analysts Foresee a Harsh End to Bitcoin’s Uptrend if It Losses $9,350.

Analysts believe that the uptrend Bitcoin saw yesterday may soon come to a harsh end following the cryptocurrency’s swift rejection within the upper-$9,000 region This marked yet another rejection at this heavy resistance level, and also points to some underlying weakness amongst the crypto’s buyers A low-time-frame ascending trendline was also broken by this movement, leading analysts to note that the recent rally will soon come to a swift end as BTC hovers above its […] origin »

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‘Not an Asset Class’ Bitcoin Spiked by 100,000,000% Since 2011.

Earlier this week, major investment firm Goldman Sachs held a client call where it denounced Bitcoin and other cryptocurrencies as “not an asset class” and blasted its use as an investment vehicle. The investment giant is missing the fact, however, that the asset has provided an unprecedented over 100,000,000% return on investment for those that got in around 2011. origin »

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SEC Shuts Down Potential Google Competitor.

Lovely SEC is busy ignoring what might be perceived as deceptive marketing by Justin Sun in regards to claiming there is such a thing as Tron 4.0, because apparently they... The post SEC Shuts Down Potential Google Competitor appeared first on Trustnodes. origin »

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Federal Judge Merges Two Cases Against Ripple.

Earlier this week, a federal judge ordered a case against Ripple and its CEO Bradley Garlinghouse be consolidated with a class action led by Bradley Sostack. In civil law, consolidation involves the merger of two or more cases that are similar in nature in order to optimize the judicial resources. origin »

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Revolut’s UK users bought 68% more Bitcoin in April.

A new study reveals that UK retail traders bought more Bitcoin in April after countrywide lockdown had seen purchases drop by 50% throughout March. UK-based fintech company, Revolut, has provided data showing that users on its crypto trading app bought less crypto in mid-March even as Bitcoin crashed to new yearly lows. origin »

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