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Read More »Bitcoin Cash Analysis: Bulls Aim Upside Break above $120
Bitcoin cash is attempting a fresh increase from the $110 zone against the US Dollar. The price is now trading above the $115 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $118 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $118 and $120 to continue higher in the near term. Bitcoin cash price is climbing above $115 against the US Dollar, similar to bitcoin....
Read More »Gemini Taps MakerDAO To Boost Adoption of Its GUSD Stablecoin
On September 29, Gemini co-founder Tyler Winklevoss published a proposed “marketing incentive” on the MakerDAO forum to drive the adoption of his stablecoin GUSD through a three-month strategic plan. According to Tyler Winklevoss’ proposal, Gemini will pay monthly fixed annual interest of 1.25% on all the GUSD stored in MakerDAO PSM vaults, as long as the average monthly balance is at least 100 million GUSD by the end of the month. “As we’d like GUSD usage to increase...
Read More »Philippine Central Bank Thinks Stablecoins Could ‘Revolutionize’ the Payment System
Mhel Plabasan – a top executive at Bangko Sentral ng Pilipinas (the central bank of the Philippines), said the institution is highly in favor of stablecoins as they can aid the monetary system and ensure “affordable and faster” cross-border transactions. The organization also plans to launch a pilot version of its CBDC by the end of 2022. On that note, it is worth noting that the central banks of Israel, Norway, and Sweden collaborated with the Bank for International...
Read More »EOS Price Analysis: More Gains Seem Likely Above $1.25
EOS price started a fresh decline from the $1.40 resistance against the US Dollar. The price is now trading below $1.25 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.170 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $1.140 and $1.1020 support levels. EOS price is struggling below $1.40 against the US Dollar, similar to...
Read More »Litecoin (LTC) Price Analysis: Bulls Face Hurdles Near $55
Litecoin is facing a major resistance near the $55 zone against the US Dollar. LTC price is now trading near $53.50 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $54.25 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent upward move if it clears the $54.25 and $55 levels. Litecoin price is struggling below $55 against the US Dollar, similar to bitcoin. LTC price...
Read More »The Fed May Help Crypto Through the “Great Pause”
The Fed has been in the news quite a bit as of late. At the end of August, the agency stirred controversy when Jerome Powell gave a five-minute speech talking about more rate hikes. Naturally, crypto fans throughout America got extremely worried about what could happen to their assets, which have been falling in price thanks to ongoing rate hikes from the Fed. The Fed May Wind Up Helping BTC However, some analysts now believe that the Fed could potentially contribute to...
Read More »Ethereum Co-founder Vitalik Buterin Finally Releases Long-awaited New Book
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Read More »California State Regulator Targets 11 Crypto Firms for Running ‘Ponzi Schemes’
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Read More »South Korean Regulators Moves to Freeze $67M in Assets Tied to Do Kwon
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