Bitcoin Used As A Bridge Currency In Venezuela, US FDIC Urging People Not To Withdraw Dollars From Banks, Binance Charity Raises $1 Million For Donation & More

Here are today's top stories:

Bitcoin Is Not Used As A Store Of Value In Venezuela, But As Bridge Currency: Research

While one might think that Bitcoin is the choice for Store of Value (SoV), it is actually the US dollar, Chinese Yuan and other stable FIAT currencies in high demand.

US FDIC Urging People Not To Withdraw Dollars From Banks; Bitcoin Can Benefit!

In a new twist, the US Federal Deposit Insurance Corporation (FDIC) is urging people not to withdraw their money from banks. Informing them that keeping large sums of money at home is risky, they recommend citizens to bank with an FDIC-insured financial institution where their money will be “safe and sound”.

Binance Charity Raising $1 Million Donation In Its Fight Against CoronaVirus

Binance Charity Foundation donated $1 million and pledged to match contributions of up to $4 million in its CryptoAgainstCOVID campaign. Now, the charity wing of Binance exchange is putting up a pledge to donate $1 for every retweet it gets in the tweet.

Tezos (XTZ) Bulls Abandon Push To Key Resistance As $1.40 Beckons

XTZ/USD witnessed a steady increase in trading volumes in the early trading hours of the Asian market on following the latest listing on Justin Sun-owned exchange, Poloniex. However, the price did not see much movement trading in a sideways pattern after rejecting yet another key level.

Bitcoin Price Analysis: Let The Uphill Run Begin; BTC/USD $7,000 Breakout Unstoppable

  • Bitcoin price upside capped under two critical zones; $6.850 and $7,000.

  • The technical picture shows BTC/USD bulls largely in control they prepare for takeoff above $7,000.

Ethereum Price Analysis: ETH Consolidates Under $140 Before Lift-off Above $160

  • Ethereum price upside movements limited by the trendline resistance, $140 and $142 hurdles.

  • Ethereum is technically ready to lift off to levels above $160 but fundamentals keep lagging behind.