In the cryptocurrency space, there are a lot of different opinions on stablecoins. Vitalik Buterin sees some merit in these assets, although they may not find their core niche in their current state. The stablecoins currently on the market seem to struggle quite a bit. Stablecoins Need to Keep Evolving Only Tether’s USDT is effectively...Read More
Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans to startups, which could be converted into shares. The central government had already unveiled...Read More
Over the past 24-hours, certain altcoins noted steady inclines, but a break away from the overall bearish trend seems unlikely. Cardano, Steem, and Algorand, collectively improved their valuation but The post Cardano, Steem, Algorand unable to sustain rally appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Legacy markets have almost entirely recovered from their sharp downturn in the middle of March. It appears that the adverse effects of the novel coronavirus COVID-19 are well behind. Despite the doom-and-gloom predictions of many economists, major indices are going up steadily. The S&P 500 Down Just 10% From Its February Levels The S&P 500...Read More
Facebook continues with the reforms to its future cryptocurrency project as Libra’s wallet provider Calibra has been rebranded to Novi. Despite the name change, though, the subsidiary of Facebook will not revise any of its long-term commitments and goals. Calibra Becomes Novi Facebook introduced today the new name Novi, inspired by the Latin words “novus”...Read More
XRP dropped by a small 1.5% over the past 24 hours as it falls back into the $0.192 support. The cryptocurrency has now formed a very acute descending triangle formation. Against Bitcoin, the XRP recovery continues but is finding some resistance at the 2200 SAT level. Key Support & Resistance Levels XRP/USD: Support: $0.192, $0.18,...Read More
Overview: The Reserve Bank of India clarified its stand on cryptocurrencies and allowed the banks to deal with their activities. On the other hand, Coinbase entered the Indian Crypto market by investing in the funding round of CoinDCX. No Problem Rendering Services to Crypto Companies – RBI After the historic judgment from the supreme court...Read More
Funky Crypto Podcasts is one of the crypto educatory platforms with Ben Askren and John Kim as hosts. They educate the masses on the cryptocurrencies like Bitcoin, Litecoin, etc. In recent posts, they held an interview with an American Author, physician, and a retired politician who served as the U.S representative for Texas. The interview...Read More
The price is slowly breaking away from a 2-month channel as bullish action holds. While Chainlink struggles below the key resistance level, the price is currently looking indecisive on the daily chart. LINK/USD: Chainlink Remains In A Tight Range Key Resistance Levels: $4.3, $4.5, $4.9 Key Support Levels: $3.3, $3, $2.52 LINK/USD. Source: TradingView Chainlink...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, May 26th, the TRX demonstrates no clear priorities, generally trading at 0.0146 USD. On D1, TRX/USD keeps moving sideways inside a horizontal channel. In the nearest future, the quotations may slightly decline to 0.0140 USD. Judging by the instrument’s weak volatility, we should not expect any activity...Read More
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. The ban lasted for almost two years. RBI...Read More
The giant South Korean multinational tech company, Samsung Electronics, introduced today its newest security chip solution. It’s designed to protect personal data and fintech activities, including mobile banking and cryptocurrency transactions. Samsung’s New Security Solution Protects Crypto Transactions Per the announcement from earlier today, the latest standalone turnkey security solution chip from the tech giant...Read More
Recall that Ethereum was dancing around $200 for weeks before it finally spiked up the charts a few days ago. However, it now appears that the ETH/USD pair hasn’t truly escaped the grasp of a bear market threatening to pull prices below critical support at $200. May 25, 04:25 hours UTC, ETH was changing hands...Read More
Bitcoin hasn’t really had a good post-halving record. The top cryptocurrency has plunged over and again and this time, it seems bitcoin’s consistent price swings may be sending it towards heights we haven’t seen in a few weeks. Bitcoin failed a test at the $8,900 critical support level and is now trading conveniently below it....Read More
Yobit is a well-known cryptocurrency exchange created by a group of European developers back in 2014. The company is officially incorporated in Panama. The platform requires no Know-Your-Customer verification, and registering an account with them is quick and easy. It offers a variety of different cryptocurrency pairs and boasts a large community on Telegram as...Read More
Quick recap: A week ago, after failing to break the $10,000 benchmark, Bitcoin price had dropped back to the $9200 – $9300 support, where lied the critical ascending trend-line, the one that started developing since the March 12 price crash (colored blue on the following daily chart). Last Sunday, Bitcoin failed to hold the mentioned...Read More
One thing for sure is that Ripple [XRP] has set a strong price action around the $0.2 area. Amid market ups and downs, the top cryptocurrency struggled to keep its head above waters, while preparing a bullish movement above the $0.2 mark. However, while BTC performs its magic on the markets, XRP seems to show...Read More
As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment...Read More
