Altcoins

David Ignatius of the Washington Post interviewed SEC chair, Gary Gensler, on the cryptocurrency landscape, where the latter provided his approach to regulating the digital asset industry. Gensler expresses optimism for the possibilities crypto provides for enhancing finance, but he also believes that most of the space should fall under regulatory supervision – including stablecoins. At the start of the interview, Gensler commented on the recent market crash in the market of...

ADA price started a sharp decline from the $2.60 zone against the US Dollar. The price is now trading below $2.50 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $2.35 on the 4-hours chart (data feed via Bitfinex). The price could remain in a bearish zone as long as it is below the $2.35 resistance zone. Cardano price is down over 10% and it broke the $2.20 support against the US Dollar, similar to bitcoin....

Ethereum price started a major decline below the $3,500 support against the US Dollar. ETH price is now trading below $3,200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,200 on the 4-hours chart (data feed from Coinbase). The pair could correct higher, but the bears are likely to remain active near $3,200. Ethereum price is showing bearish signs below $3,200 against the US Dollar. ETH/USD could resume its...

As altcoins spike heavily in recent weeks, many analysts and crypto heads are worried that the digital currency space is heading into dangerous territory similar with what it saw last May. Altcoins Are All the Rage Right Now About four months ago, the digital currency arena saw many assets spiking unexpectedly. Bitcoin, for example, had just reached a new all-time high of approximately $64,000 per unit, while Ethereum also hit a new peak of about $4,000. Many altcoins...

Stellar lumen price started a strong decline from the $0.3400 resistance against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3300 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a break below the $0.2800 and $0.2720 support levels. Stellar lumen price is gaining bearish momentum below $0.3000 against the US...

Ripple price started a strong decline from the $1.12 resistance against the US dollar. The price is now trading below $1.05 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $1.06 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its decline below $0.9500 as long as it is below $1.12. Ripple price is showing bearish signs below $1.05 against the US Dollar, similar to...

As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas. Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out of tokens, it added. The anonymous insiders are worried that a “fire-sale run on crypto assets could threaten financial stability and...

Interactive Brokers Group Inc. – a trading firm based in Greenwich, Connecticut – is opening its new cryptocurrency division. Interactive Brokers Says “Yes” to Digital Currency Customers of the firm will soon be able to trade and buy up to four different cryptocurrencies. They are bitcoin, bitcoin cash, Ethereum, and Litecoin. The company has stated that competition is growing given that many standard banks, hedge funds, and financial institutions are seeing their...

Walmart has been making a real name for itself in the crypto space. Many analysts were thrilled when the retailer announced not too long ago that it was looking to hire a crypto product specialist for its new blockchain division, suggesting that the firm was following in the steps of Amazon, one of its biggest competitors. Walmart and Litecoin… If Only! According to a recent news release, the company had engaged in a partnership with leading altcoin Litecoin, which...

Not everyone is a bitcoin fan, and now it looks like Sveriges Riksbank – the governor of Sweden’s central bank – is adamant that the world’s number one digital currency is about to collapse, and thus holds no place in modern-day finance. Sveriges Riksbank: Bitcoin Isn’t Going to Make It The digital currency space has come quite far in recent years. The primary asset, bitcoin, has attracted some of the world’s largest and most prominent institutional investors, from...