Bitcoin price nears critical 200-week moving average as Ethereum touches .5K

Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K

Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance  in one go. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Can Bitcoin win back bear market support? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to consolidate after…

Africa can create an inclusive society with blockchain, says LBank CEO

Africa can create an inclusive society with blockchain, says LBank CEO

As one of the most populated continents in the world, Africa continues to be an important target for blockchain proponents, as adoption in the region could have a significant impact on the broader crypto economy.  In an interview with Cointelegraph, Allen Wei, the CEO of crypto exchange LBank, explained that…

Binance fined M over illegal operations in the Netherlands

Binance fined $3M over illegal operations in the Netherlands

Major global cryptocurrency exchange Binance is facing a penalty in the Netherlands after failing to obtain regulatory approval to operate in the country. The central bank of the Netherlands (DNB) has fined Binance Holdings 3.3 million euros ($3.3 million) for offering local crypto services without registration with authority. The Dutch…

BTC miners ‘finally capitulating’ — 5 things to know in Bitcoin this week

BTC miners ‘finally capitulating’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue? The July 17 weekly close may have been practically identical to the last, but BTC/USD is showing some much-needed strength prior to the July 18…

Australian central bank governor favors private sector crypto technology

Australian central bank governor favors private sector crypto technology

Australian central bank Governor Phillip Lowe said that a private solution “is going to be better” for cryptocurrency as long as risks are mitigated through regulation. Lowe commented at a recent G20 finance meeting in Indonesia. Reuters reported on July 17 that officials from other countries discussed the impact of…

Ethereum traders gauge fakeout risks after 40% ETH price rally

Ethereum traders gauge fakeout risks after 40% ETH price rally

Ethereum’s native token Ether (ETH) saw a modest pullback on July 17 after ramming into a critical technical resistance confluence. Merge-led Ethereum price breakout ETH’s price dropped by 1.8% to $1,328 after struggling to move above two strong resistance levels: the 50-day exponential moving average (5-day EMA; the red wave)…

Bitcoin hodlers will ‘soon see why’ .6K BTC price pump is fake — trader

Bitcoin hodlers will ‘soon see why’ $21.6K BTC price pump is fake — trader

Bitcoin (BTC) spiked to one-week highs on July 17 amid warnings that traders should not trust current BTC price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance inflows see multi-week high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $21,600 on Bitstamp, its best performance since last Sunday. …