Bitcoin Breaks Above 50-Day SMA, Will BTC Ride It Out To $50,000?
Bitcoin has broken above $44,000 once again. After a couple of weeks of low momentum, bitcoin has been able to begin another recovery trend that has seen it add over $4,000 to its price in the last day. Its landing point has been above $43,000, finding its footing at this level, which has put it above the 50-day simple moving average. What does this mean for bitcoin? Bitcoin Breaks Above 50-Day SMA Bitcoin is now trading above the 50-Day simple moving average. This point is significant to the digital asset given that it represents what buyers are willing to pay for it in the short to....
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The bulls ride again on XRP’s side, as the token breaks about $1. On the legal subject, things seem to be going well for Ripple’s corner as rumors of an SEC settlement grow louder. Back in December, the Commission hit Ripple Labs, executive Brad Garlinghouse, and Chris Larsen with a lawsuit for the alleged illegal […]
Keeping in mind how there is so much focus on the mobile ecosystem right now, it only makes sense for La’Zooz to release their smartphone app on Android. But this is not your everyday run-of-the-mill application, as its purpose is to introduce ride-mining to gain critical mass in the sharing economy movement. The number of use cases for blockchain technology is virtually unlimited, and it is very positive to see some companies trying to integrate distributed ledgers into different business models. La’zooz is a company digital currency enthusiasts have been keeping a close eye on, and they....
The city of Portsmouth, New Hampshire passed an ordinance regulating ride-sharing services that took effect in September of 2015. The ordinance made driving with Uber and other ride-sharing companies illegal within the city limits. Christopher David, a former Uber driver, launched the Free Uber campaign using Bitcoin prize pools to incentivize activism protesting the ordinance. Now, in the wake of protests by Uber drivers over the company’s decision to cut fares, David is launching his own blockchain-based ride-sharing platform, Arcade City. To promote the new platform, he and nine other....