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Crypto Market Sentiment Sinks Further; Tether is the Winner of the Week
9.11.2020
The combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization has continued its drop over the course of the past seven days, as shown by the crypto market sentiment analysis service Omenics. While it fell to 5.55/10 last week, we find...
Gold Price Expected to Rally Despite Concerns About Lockdown 2.0
5.11.2020
Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and thus diminish its perceived status as the world’s foremost reserve...
Anheuser-Busch considers integrating blockchain further into its beer production line
26.10.2020
The company is testing a new blockchain pilot that would give customers the power to track their beer’s barley by the bottle
Market Wrap: Bitcoin Falls to $12.7K as Global Equities Falter; Ethereum Fees Continue to Drop
26.10.2020
Bitcoin’s price took a dive along with most other assets as Ethereum fees continue to dip
Google Cloud bets on EOS blockchain, venturing further into crypto
8.10.2020
Major cloud service providers are showing increased interest in joining blockchain networks
EU removes this crypto hotspot from tax haven blacklist, clearing path for further adoption
6.10.2020
Yet, the biggest crypto hub remains on the blacklist
Bitcoin.com Exchange Acquires BOA Exchange To Reach New Markets
5.10.2020
Announced earlier this week, the two companies said the deal is expected to be finalized immediately, without disclosing the financial terms. BOA Exchange is a crypto exchange that has accumulated a vast user base, offering free alt tokens in airdrops and staking coins. The deal further expands...
ECB to consider further digital euro study in 2021
4.10.2020
The report is only the start of the discussion and raises more questions before officially studying the digital euro
PwC’s global crypto tax report reveals the need for further regulatory guidance
2.10.2020
The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up
$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to Americans
27.9.2020
A new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes a second round of stimulus checks for Americans. Since the first coronavirus stimulus package was signed into law, talks of further relief aid have stalled. This new proposal aims to restart the stimulus...
Indian Police Probe Crypto Exchange and Founders Allegedly Running a Scam
25.9.2020
Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly duping Indian investors after receiving multiple complaints. The complainants further say the company has moved office overseas without returning their investments. Police Investigate Crypto Scam After...
Strengthening US Dollar Could Bring Further Downside for Bitcoin
24.9.2020
With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside
Bitcoin and Altcoins at Risk of Further Declines
24.9.2020
Bitcoin price failed to recover above USD 10,550 and extended its decline below USD 10,300. BTC even spiked below the USD 10,200 support and it is currently (08:30 UTC) consolidating near USD 10,330. If there is an upside correction, the price might face sellers near USD 10,400 and...
Coinbase Pro Introduces Withdrawal Fee as Ethereum Fees Rise Further
18.9.2020
After previously absorbing the cost of users making withdrawals of cryptoassets from Coinbase Pro, the US-based exchange has now told its customers that a withdrawal fee has been introduced for all cryptoassets. The move follows a large spike in transaction fees on the Ethereum (ETH) network, which...
Unikrn ICO faces further SEC action
15.9.2020
Another remnant of 2017 gets hit by regulation
Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge
8.9.2020
Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs. Latin American Bitcoin Adoption Blockchain data analytics firm...
Bitcoin and Altcoins Remain At Risk Of Further Correction
7.9.2020
This past week, we saw a strong decline in bitcoin price below USD 11,000 and USD 10,500. BTC even dived below USD 10,000 briefly. It is currently (08:30 UTC) consolidating losses and facing many major hurdles on the upside near USD 10,350, USD 10,450, and USD 10,500.
Similarly, most major altcoins...
Animoca Sells Out 7.5m of New REVV in Minutes, Announces Further Plans
5.9.2020
Animoca Brands' flash sale saw more than seven million of its new REVV token sold out in less than 20 minutes. The Hong Kong-headquartered publisher of mobile games also announced new games wherein the token can be used, as well plans for their gaming community and collectible platform.
Just three...
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...
Ripple's Garlinghouse forecasts further loss of U.S. dollar value
29.8.2020
The wild ride of 2020 continues