Ripple Price Analysis: XRP Could Tumble Below $0.3000

Ripple price is following a declining path and it broke the $0.3100 support against the US dollar. The price remains at a risk of a sharp decline below $0.3000 and $0.2980 in the near term. There is a major bearish trend line formed with resistance near the $0.3040 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a downtrend and sellers remain in action below $0.3040 and $0.3080. Ripple price declined below key supports against the US Dollar and bitcoin. XRP/USD could…

Ethereum Price Analysis: ETH Remains Sell Near $128, Target $120

ETH price moved into a bearish zone and settled below the $128 and $127 supports against the US Dollar. The price traded towards the $122 level and it is currently consolidating losses. There is a crucial bearish trend line in place with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but it is likely to find a strong selling interest near $127 and $128. Ethereum price started a major decline against the US Dollar and bitcoin. ETH/USD is following a…

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar

Coinbase is parting ways with several employees from Neutrino following widespread criticism over the crypto exchange’s acquisition of the blockchain analytics firm. CEO Brian Armstrong announced in a blog post on Monday that Coinbase and Neutrino have decided they will let go Neutrino employees who previously worked for Hacking Team, whether or not they still have any current affiliation with that company. It’s unclear exactly how many of Neutrino’s employees had worked for Hacking Team, except for the three senior executives listed on the blockchain-sleuthing startup’s website: CEO Giancarlo Russo, CTO…

Analysts: Bitcoin Price (BTC) To Revisit $20,000 in March 2021

At the moment, the cryptocurrency market is primarily concerned about when Bitcoin might bottom, and not when Bitcoin price will return to its previous all-time high of $20,000. Market sentiment is currently so low, any positive movement in Bitcoin price is normally rejected by bears hoping to buy the number one crypto later at lower prices. However, according to a team of analysts from Canaccord Genuity Capital Markets, Bitcoin is bottoming now and will find its way back to its previous all-time high on or around March 2021 – over…

Russia to Introduce Special Crypto Regulations for ‘Russian Offshores’

The new set of measures in respect to the development of “Russian offshores” will affect digital assets, major Russian news agency TASS reported on Mar. 1. The Russian Ministry of Economic Development is reportedly working on the third set of measures for the development of so called “Russian offshores” —  places where companies can legitimately be exempt from paying taxes or follow relaxed regulations, —  which will include a special regulation of digital assets and shipping. Deputy Minister of Economic Development of Russia, Ilya Torosov reportedly told TASS that the special…

Ernst & Young Introduces Tax Tool for Reporting Cryptocurrencies

Big Four auditing and professional services firm Ernst & Young EY) has launched a tool for accounting and preparing taxes on cryptocurrency holdings, according to a press release published on Mar. 4. The new tool called EY Crypto-Asset Accounting and Tax (CAAT) is designed to improve accounting and tax calculations for digital currency transactions by both institutional customers that have cryptocurrency on their balance sheets and individuals who trade crypto assets on a smaller scale. The service will be available for those who use EY TaxChat and to EY Private Client…

Revolut CEO Refutes Claims of Negligence and Money Laundering Breach

The founder and CEO of United Kingdom-based digital banking app Revolut publicly denied allegations of a money laundering breach and negligence by the company in a blog post Mar. 1. The latest in a series of publicity disasters to afflict Revolut, as U.K. newspaper the Telegraph last week alleged that executives had deliberately decommissioned Anti-Money Laundering (AML) software earlier last year. Further reporting by the Telegraph has revealed that the company had attracted the attention of the U.K.’s finance regulator, the Financial Conduct Authority (FCA). “This week, there’s been some…

Bahrain Invites Indian Firms to Facilitate Fintech Development in Region

Bahrain has invited Indian companies to its fintech sandbox in a bid to facilitate the development of blockchain technology in the region, The Economic Times reported on March 3. Bahrain has reportedly proposed a range of opportunities to Indian companies as their key market in the fields of blockchain, digital assets, open banking, and remittances in an effort to boost fintech growth in the country. Bahrain Economic Development Board (EDB) Senior Manager Dalal Buhejji reportedly said that some Indian companies applied for the Bahraini fintech sandbox last December, while EDB…

Bitcoin’s MACD Prints Strongest Bull Signal In Over a Year

The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline. As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be an early sign of a bearish-to-bullish trend change, while last week, bitcoin saw a bearish crossover of its 50- and 100-week moving averages, a first since 2015. As such, the MACD became the latest in…

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Tron, Bitcoin SV: Price Analysis, March 4

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The market tends to cycle between periods of low and high volatility. After a week of small-price-range action, the range expanded on Monday and the crypto markets decided to move southwards. What has caused this sudden fall? There are no specific fundamental reasons…