Facebook Crypto Ad Ban | Platform Loosens Restriction on Crypto Ads

According to CNBC, Facebook said on Wednesday that it will loosen its ban on cryptocurrency advertising on its platform. The result will allow businesses related to crypto and blockchain to promote their projects on the social network. The Facebook crypto ad ban first came into effect in January 2018. Facebook Crypto Ad Ban The social media giant first started blocking ads on initial coin offerings, saying it had concerns for its users’ welfare. It was afraid that many would fall for scams and fraudulent crypto products. But earlier this year…

Weekly Bitcoin Price Indicator Prints Strongest Bull Signal Since Early 2018

A technical indicator used to identify the momentum behind asset prices is registering its highest value since the beginning of 2018 when applied to bitcoin, a possible positive sign for the cryptocurrency’s market.  The relative strength index (RSI) takes into account the speed and change in price movements, i.e. momentum, to reveal when the trend of the underlying asset is shifting from bearish to bullish market conditions and vice versa, as well as when it has become overextended. Traditionally, an RSI value above 70 is considered to be “overbought” and…

3 Reasons Bitcoin Price Will Sprint Beyond 2019-High $6,000

By CCN: The bitcoin price on Thursday broke above $6,000, a psychological level, to establish a fresh 2019 high. The bitcoin-to-dollar exchange rate settled an intraday peak towards $6098.21, bringing its best year-to-date performance to 64-percent. The asset’s upside sentiment against the dollar, as well as other leading cryptocurrencies, further pushed its dominance upward to 57-percent, its highest since December 4, 2017. Meanwhile, it’s market capitalization jumped above $107 billion but was still down its historical high of $327.15 billion recorded on December 17, 2017. BITCOIN PRICE IS HOLDING SUPPORT AT…

Bitcoin’s Market Share Hits 8-Month High as Price Passes $6K

View Bitcoin’s dominance rate has hit 8-month highs, suggesting investor confidence in the recent price rally. A test of highs above $6,500 seen in November last year now seems likely. Such a move, however, may be preceded by a pullback to the 10-day moving average at $5,633 if the immediate resistance zone of $6,055–$6,100 remains intact in the next 24 hours or so. The short-term bullish outlook would be invalidated only by a drop below the 30-day MA at $5,365. Bitcoin’s (BTC) recent rally looks sustainable, according to the charts,…

Bitcoin (BTC) Price Rally Reaching Crucial Juncture: Can Bulls Break $6.2K?

Bitcoin price extended gains and traded to a new 2019 high above $6,080 against the US Dollar. The price surged higher towards the $6,100 level and it is currently consolidating gains. There was a break above a connecting trend line with resistance at $6,005 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside, but there are many hurdles near $6,100 and $6,200. Bitcoin price surging higher with a bullish bias above $6,000 against the US Dollar. BTC could surge…

Florincoin – The 2014 Altcoin You Don’t Remember – Is Attracting Real Users

One of the most recognizable names in the crypto space (and perhaps even outside of it) is using one of the least recognizable blockchains. Overstock.com subsidiaries Medici Ventures and tZERO have been utilizing the FLO blockchain for some time in work aimed at re-organizing property rights. At one time, a video of the tZERO homepage even showed the little-known blockchain at work. Still, if you haven’t heard of FLO before, you won’t be alone. Maybe Florincoin, the blockchain’s moniker when it first launched in 2013, shortly before the 2014 altcoin…

Above $6,000: Bitcoin’s Price Spikes to 6-Month High

Bitcoin’s price rose above $6,000 on most cryptocurrency exchanges for the first time today in nearly six months. At 00:57 UTC on Thursday, the world’s largest cryptocurrency by market capitalization, which accounts for more than half of all other cryptocurrencies combined, picked up a bid and saw its price reach as high as $6,076 – its highest price since Nov. 14, 2018. At the time of writing, bitcoin’s surge has slightly cooled off, now trading across exchanges at an average price of $6,045, according to CoinDesk’s price data. In another first…