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Bitcoin and Major Altcoins Holding Key Uptrend Support
16.10.2020
Earlier today, we saw a sharp bearish reaction from the USD 11,550 resistance. BTC declined over 2% and it even spiked below USD 11,350. However, the price remained well bid above USD 11,250, and it is currently (13:00 UTC) attempting an upside correction towards USD 11,420 and USD 11,450.
Also...
Five Russian Commercial Banks Eager to Pilot Digital Ruble in 2021
16.10.2020
Russia’s “cryptoruble” – its central bank digital currency (CBDC) initiative – is seemingly picking up momentum after years spent in limbo.
Earlier this month, the Russian Central Bank announced that it would consider debuting a digital token, after a year ago stating that there was no need...
Filecoin Enters Crypto Trading Market With Wild Swings
16.10.2020
Following the much-anticipated mainnet launch, in less than 24 hours decentralized storage network Filecoin's FIL token went up nearly 100%, while its trading volume also jumped sharply.
As Cryptonews.com reported, at around UTC 15:00 yesterday, Filecoin Mainnet went live. From yesterday afternoon...
The Bahamas Wants to Use its CBDC on International Stage
16.10.2020
When it comes to developing central bank digital currencies (CBDCs), the international focus has been on China, Europe and North America – but it appears that one small Caribbean nation has stolen a march on both Asia and the West, with a digital currency to be issued next week already being lined...
Bitcoin and Altcoins Preparing For Next Breakout
15.10.2020
Bitcoin price mostly remained in a tiny range below the USD 11,500 and USD 11,550 resistance levels. BTC seems to be consolidating above the USD 11,250 support and it seems to be preparing for the next move. The price is currently (13:00 UTC) trading well above USD 11,250 and it must clear...
Bitcoin and Altcoins Holding Key Uptrend Support
14.10.2020
Bitcoin price is still trading in a range below the USD 11,500 and USD 11,550 resistance levels. BTC might start a fresh increase as long as it is above the USD 11,250 and USD 11,200 support levels. The price is currently (13:00 UTC) showing signs of exhaustion, but the bulls might protect...
Digital Yuan Recipient Says Chinese CBDC Is ‘Just Like Using Alipay’
14.10.2020
Many of the recipients of the recent digital yuan giveaway have spoken out to news agencies and on social media as the first non-testbed users of the forthcoming central bank digital currency (CBDC) start spending their tokens – with some stating that using the token is “no different” from using...
Bitcoin and Altcoins Remain In A Steady Uptrend
13.10.2020
Bitcoin price corrected below USD 11,500, but dips were supported near USD 11,350. BTC is currently (13:00 UTC) showing positive signs, but it must gain momentum above USD 11,550 to resume its upward move in the near term.
Most major altcoins climbed higher and traded with a bullish angle...
G7 Game: Keep Facebook's Libra at Bay & Work On Own CBDC
13.10.2020
Source: Adobe/bizoo_n
The Group of Seven (G7) major developed economies reportedly reiterated that Facebook's Libra stablecoin can't be launched until it is properly regulated, while at the same time the club is exploring central bank digital currencies (CBDCs).
“The G7 continues to maintain that...
Crypto Listing and Delisting Announcements: Week 41
12.10.2020
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Fundstrat Warns of Trading on Offshore Crypto Exchanges
12.10.2020
Tom Lee. Regulators could have their sights locked on a new target in the crypto world – with Tom Lee’s Fundstrat Global Advisors warning that trading on offshore exchanges might become riskier.
The investment advisory firm, based in New York, has issued a new report on the crypto space...
Bitcoin and Altcoins Dips Remain Attractive To Buyers
12.10.2020
Bitcoin price is showing signs of a seemingly short-term downside correction from the USD 11,500 resistance. BTC corrected below USD 11,300, but it is currently (13:00 UTC) approaching the USD 11,250 support level. The price might remain well bid near the USD 11,200 and USD 11,050...
Crypto Market Sentiment Strenghtens Again; Tether Wins the Week
12.10.2020
Crypto market sentiment seems to be well on its path back to the positive zone. Following last week's growth to 5.18, the combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization has made a larger step upwards this Monday, reaching...
Kate Winslet Joins Cast Of OneCoin Crypto Scam Movie
12.10.2020
Kate Winslet. British star actress Kate Winslet has reportedly joined the cast of Fake!, a new motion picture in development that is to retell the story behind the OneCoin crypto ponzi scheme that scammed investors worldwide out of billions of dollars.
Directed and written by Scott Z. Burns,...
Non-committal CBDC Report Highlights BIS, Central Banks’ Indecision
9.10.2020
The Bank for International Settlements (BIS) and a group of leading-economy central banks has issued a report outlining what they believe the key principles of a central bank digital currency (CBDC) should be – but yet again went to great pains to sit on the fence when it comes to the matter...
Ripple Launches New Credit Service For Cross-Border Payments
9.10.2020
Source: Adobe/Тихон Купревич
California-based liquidity provider Ripple has introduced a new beta service, Line of Credit, designed to enable customers to benefit from its On-Demand Liquidity (ODL) service to source capital on-demand, and initiate cross-border payments with the use of the...
Beijing Announces ‘Legal Digital Currencies Pilot’ Plan
9.10.2020
Beijing is set to build a “legal digital currency pilot area” as part of its new Beijing Pilot Free Trade Zone initiative – although the project’s masterminds have stopped short of providing details as to what sort of tokens will be given the green light.
Per the Beijing News, via news agency...
Bitcoin and Altcoins Vulnerable To More Downsides
8.10.2020
Bitcoin price started a fresh decline from the USD 10,800 resistance. BTC settled below USD 10,650 and it is currently (08:30 UTC) struggling to stay above the USD 10,550 support. If BTC slides below USD 10,550 and USD 10,500, there could be a sharp decline.
Similarly, most major altcoins...
How Investors in Ripple Lawsuit Tripped Themselves
7.10.2020
Brad Garlinghouse. Ripple, a California-based blockchain startup focusing on the banking sector, and its CEO Brad Garlinghouse, seem to have won a battle in court, though the investors can still proceed with one cause of action. However, the judge suggested that the plaintiff contradicted himself...
South Korean Central Bank to Launch CBDC Pilot in 2021
7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks.
Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...