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South Korean Central Bank Turns to Private Sector for CBDC Help
31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved.
Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...
Crypto Market Sentiment Falls Deeper into Neutral Zone
31.8.2020
Over the course of the past week, the combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization did not recover to its previous positive zone status, but dropped deeper into the neutral zone instead - from 5.96 seen last week to today's...
Yearn.finance Continues Rally As Traders Pay Almost 3 Bitcoin Per YFI
31.8.2020
After a month of extraordinary returns of more than 740%, DeFi darling yearn.finance (YFI) keeps climbing today, while traders remain divided on whether the top has been reached for the price or if it still has room to grow.
As of press time on Monday (10:28 UTC), YFI was up by 3.5% over the past...
Ethereum Classic Up by 3% Today After Third 51% Attack In a Month
31.8.2020
The crypto market sent the price of ethereum classic (ETC) higher in the early hours of Monday (UTC time), despite the news that one of the top 35 crypto networks by market capitalization suffered its third 51% attack in a month.
At pixel time (04:46 UTC), ETC trades at USD 6.68 and is up by 3%...
TronWallet's 4th Generation Klever App Launches w/ Multiple Announcements
28.8.2020
Source: Adobe/M-SUR
Klever App, the “bigger house” for TronWallet and a major component in the Klever ecosystem, has officially launched, thus expanding the platform of the former TronWallet, and announcing new partnerships, expansions, pre-paid credit cards, and digital bank accounts, among other...
Top Weekly Performer ATOM Takes a Breather After Massive Rally
28.8.2020
Cosmos (ATOM), the blockchain network focused on interoperability and one of the top 10 ICOs of 2017, is finally taking a breather in the market today after what has been a near-exponential rally over the past month.
As of 10:47 UTC, the 15th coin by market capitalization, ATOM, was up about 0.6%...
Centre Launches USDC 2.0, Introduces New Functionalities
28.8.2020
The Centre Consortium, an entity established by Circle and Coinbase to manage the USD Coin (USDC), has launched a major upgrade to the stablecoin, claiming the move will significantly improve its usability and security.
“Today's update comes at a time when USDC has punched through [USD] 1.4 billion...
Do or Die Time for Bitcoin and Altcoins Bulls, Here Are Key Scenarios
28.8.2020
Bitcoin price made another attempt to gain momentum above USD 11,500 and USD 11,550, but it failed. BTC is currently (08:30 UTC) consolidating above USD 11,300 and likely preparing for the next break. It could either rally above USD 11,500 or decline heavily below USD 11,000 in the next...
Polkadot Drops 98% in a Week, but Stays Among Best Performers Today
27.8.2020
Polkadot (DOT), an independent blockchain network focused on “true [blockchain] interoperability” and one of the top 10 ICOs of 2017, is once again getting the attention of the cryptoverse today as it saw a nearly 100% weekly drop - while also being the second-best performer today. Meanwhile,...
First Bridge Between XRP and Ethereum Might be Built by Flare
27.8.2020
A new proposal by Ripple partner Flare Networks could finally enable a bridge between the XRP and Ethereum (ETH) ecosystems, currently the third and second most valuable digital assets by market capitalization, respectively.
Posting on Twitter earlier this week, Flare Networks said that...
Link Token Enjoys Japanese Post-Listing Success, Says Chat App Line
26.8.2020
Chat app giant Line says that its link token (LN) has exceeded 100 million yen (around USD 941,000) worth of transaction volumes on its crypto exchange – just six days after it began trading the coin.
According to Hedge Guide, Line – which has some 81 million monthly active users per its...
Bitcoin and Altcoins Turn Red, Eye Last Line of Defense
26.8.2020
In the past few hours, bitcoin price followed a bearish path below the USD 11,650 and USD 11,550 support levels. BTC even tested the USD 11,100 region and it is currently (08:30 UTC) consolidating losses. The next major support is near USD 11,000, below which the price might decline heavily towards...
Akon Joins Brock Pierce's Presidential Campaign + More News
25.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Business news
Akon, a singer who's been spending most of his time building a “crypto city” in his native Senegal, will be joining Brock Pierce’s...
Polkadot Enters Top 10, Community Divided on Road Ahead
25.8.2020
Polkadot (DOT), a blockchain network focused on “true [blockchain] interoperability” and one of the top 10 ICOs of 2017, has entered the top 10 ranking of the most valuable cryptoassets, data from ranking website CoinGecko shows.
As of press time on Tuesday (11:45 UTC), Polkadot’s new DOT tokens...
Bitcoin and Altcoins Struggle To Clear Key Uptrend Hurdles
25.8.2020
Yesterday, bitcoin price started an upside correction above USD 11,650 and USD 11,700. However, BTC struggled to clear key uptrend hurdles near USD 11,850 and USD 12,000. As a result, there was a fresh decline and the price is currently (08:30 UTC) testing the USD 11,550 support zone.
Similarly...
Crypto Listing and Delisting Announcements: Week 34
24.8.2020
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...
Crypto Market Sentiment Drops Out of Positive Zone; Litecoin Wins the Week
24.8.2020
Though its fall in the past seven days is relatively low, the combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization dropped out of the positive zone, and is now sitting at its verge. Per crypto market sentiment analysis service...
Bitcoin and Altcoins Signaling Start of Fresh And Steady Increase
24.8.2020
After forming a support base near USD 11,550, bitcoin price started an upside correction. BTC surpassed the USD 11,650 resistance and it is currently (08:30 UTC) approaching the USD 11,850 resistance. To move into a positive zone, the price must settle above USD 12,000.
Similarly, most major...
USD 50B in Crypto from Asia Hints at Chinese Capital Flight – Report
21.8.2020
With more than USD 50 billion in crypto leaving wallet addresses tied to East Asia and headed to other regions around the world over the past 12 months, signs point to crypto increasingly being used to evade strict Chinese capital controls, a new report from on-chain analysis firm Chainalysis...
XRP Crypto Scammers Seize 2.5m-sub YouTube Account, Start Live-streaming
21.8.2020
Source: Adobe/filins (edited by Cryptonews)
2020 is becoming the year of the social media crypto scam hackers after raiders took control of the YouTube accounts belonging to a 2.43 million-subscriber Brazilian channel – filling it up with videos promoting an XRP scam.
In a video from...