Musiccosmos

ADVERTISEMENTS It is unprecedented for a company to offer its users a multitude of cryptocurrencies on its payment platform, and Wirex announcing its move into the huge, untapped market in the United States is big news. Suddenly, coins which before had little more than speculative value can be used to make payments on a day-to-day basis. Those who apply for a Wirex card have the option to load it up with Bitcoin, Ethereum, XRP, Litecoin and the crypto and traditional currency payment platform has future plans to add more coins. Before now, Americans could only play with Bitcoin There is actually only one crypto-debit card that is available throughout the entire US. BitPay has led the space for a while now on the continent with a payment service centered on Bitcoin and Bitcoin Cash and a Visa debit card which costs $9.95. Shift has also been around for several years though it only offers debit cards to residents of 46 states. It offers users seamless integration with their Coi...

Centralized exchanges act as most people’s gateway into the world of crypto. These services allow people to easily buy and sell a vast range of coins and tokens; some popular such as Bitcoin, and some lesser known. The selection of cryptocurrencies listed on an exchange often dictates what a person chooses to trade. For instance, if the exchange you mainly use does not have a coin you are interested in, then it is likely that you will simply choose to invest in another coin instead, as it is much less hassle than signing up to a different exchange purely for that reason. Listing fees on centralized exchanges At first glance, this system works well, however the problems arise when examining the business models which centralized exchanges use. Essentially, the main way that exchanges make money is through their listing fees. To get listed on an exchange, coins and tokens must pay a substantial fee, sometimes ranging up to $100,000 and above. This is obviously an obscene amount of ca...

Key Highlights Ripple price found a strong buying interest around $0.3120 and recovered sharply against the US dollar. There was a break above a key connecting bearish trend line with resistance at $0.3340 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair tested the $0.3550 resistance and is currently consolidating gains above $0.3200 . Ripple price reversed yesterday’s losses and gained traction against the US Dollar and Bitcoin. XRP/USD broke the $0.3350 level to move into a positive zone. Ripple Price Upside Move Yesterday, we saw a bearish reaction below the $0.3300 level in Ripple price against the US Dollar. The XRP/USD pair tested an important support area near $0.3120 where buyers emerged. A low was formed at $0.3125 before the price started an upside recovery. The price broke the $0.3300 resistance to start a decent recovery. Later, it cleared the 61.8% Fib retracement level of the last drop from the $0.3534 high to $0.3125 low. It opened ...

As the crypto market fell from 2018’s all-time highs, many short-sighted investors began to declare that “prices would never recuperate.” While this bearish sentiment is the byproduct of the unwarranted elation and irrational exuberance experienced in 2017’s bull run, many industry leaders have continually noted that crypto’s journey to worldwide acceptance won’t happen overnight. “Change Your Outlook. Bravery Will Return Massively” “Bitcoin is dead. I’m sure you’ve heard the rumors…” According to 99Bitcoins’ extensive list of obituaries, the foremost digital asset has perished about 308 times by now. Although this list was evidently made in jest, the number of times that naysayers have declared Bitcoin dead goes to show that investors in this nascent asset class may not be on the same page. Phillip Nunn, a crypto-centric entrepreneur and the CEO of Wealth Chain Capital, recently issued a tweet to remind his followers that they should keep their heads high, even though prices ...

Key Highlights Ripple price gained momentum recently and settled above the $0.3000 and $0.3200 resistances against the US dollar. There is a new important connecting bullish trend line in place with support at $0.3310 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well supported on the downside above $0.3200 and is placed in an uptrend. Ripple price is placed in a positive zone against the US Dollar and Bitcoin. XRP/USD could continue to gain traction above the $0.3400 and $0.3500 levels. Ripple Price Support This past week, there was a nice upside move in Ripple price above the $0.2800 resistance level against the US Dollar. The XRP/USD pair gained traction and buyers were successful in pushing the price above the $0.3000 and $0.3200 resistance levels. The price also climbed above the $0.3500 resistance level and traded close to the $0.3800 level. A high was formed at $0.3765 and later the price corrected lower. It declined below the $0...

Key Highlights Ripple price is moving higher and it has settled above the $0.2800 and $0.2900 resistances against the US dollar. Yesterday’s highlighted key bearish trend line is almost breached near $0.3020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to gain momentum above the $0.3020 and $0.3080 levels in the near term. Ripple price is gaining bullish momentum against the US Dollar and Bitcoin. XRP/USD could continue to move higher once it settles above $0.3020. Ripple Price Trend During the past two sessions, there were positive moves in Ripple price above the $0.2700 level against the US Dollar. The XRP/USD pair traded higher and broke the $0.2800 and $0.2900 resistance levels. It even settled above $0.2900 and the 100 hourly simple moving average. Moreover, there was a break above the 38.2% Fib retracement level of the last decline from the $0.3575 high to $0.2466 low. The current price action indicates that ripple could contin...

Key Highlights Ripple price corrected higher recently and broke the $0.2660 and $0.2800 resistances against the US dollar. There is a new connecting bearish trend line formed with resistance at $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently below the 100 hourly SMA, but it remains supported near $0.2660. Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD must stay above $0.2660 to recover further above $0.3000 in the near term. Ripple Price Support Yesterday, a decent upside move kicked off and Ripple price moved above the $0.2660 resistance against the US Dollar. The XRP/USD pair even broke the $0.2800 and $0.2850 resistance levels to set the pace for more gains. However, the $0.3000 resistance acted as a major hurdle for buyers. The price failed to settle above $0.3000 and formed a high at $0.3029. Later, it corrected lower below the 23.6% Fib retracement level of the last wave from the ...

Key Highlights Ethereum classic price tumbled and broke the $12.50 and $11.20 support levels against the US dollar. There is a key connecting bearish trend line forming with resistance at $11.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is slowly correcting higher towards the $11.00 and $11.30 resistance levels. Ethereum classic price made a sharp U-turn against the US Dollar and Bitcoin. ETC/USD broke the $12.50 support and is currently at risk of clearing $10.00. Ethereum Classic Price Support It seems like ETC price was rejected from well above the $14.00 level against the US dollar. The ETC/USD pair traded and consolidated above the $12.50 support for some time. However, sellers had the upper hand as they succeeded in clearing the $12.50 support. The price declined sharply below the $12.00 and $11.50 levels. The decline was such that the price even broke the $11.20 and $10.50 support levels. A new monthly low was formed at $10.11 and the p...

The Turkish lira has fallen by 50 percent since September 2017, from $0.3 USD to $0.15 USD. While Bitcoin has fallen more than the lira in the past 12 months, investors of Bitcoin  still are capable to withdraw and cash out their investments in crypto . Strict Capital Controls Currently, the price of the Turkish lira against the US dollar is hovering at around $0.15. But, similar to the Venezuelan bolivar, the value of the lira is difficult to justify given that as of now, it is not possible for merchants, businesses, and individuals to exchange their holdings in lira to other foreign currencies. The value of an asset and currency is subjective and as a currency, the value of the lira is largely affected by its capability of operating as a medium of exchange. If the lira cannot be exchanged to other foreign currencies, not only is it hard to justify the value of lira at the current price range, but it is difficult to give a valuation to the lira. On Friday last week, US Presi...