Es gibt bereits eine Reihe von populären Stablecoins auf dem Markt – Tether is sicherlich der bekannteste. Bei einem Stablecoin wird der Kurs im Verhältnis zum Backing auf einem konstanten Niveau gehalten. So ist Tether eigentlich immer genau einen US-Dollar wert. Obyte setzt nun ein ähnliches Modell um.Crypto News: Obyte veröffentlicht Discount StablecoinIm Vergleich zu anderen Cryptocoins (die nicht als Backing fungieren) kommt es jedoch auch bei Stablecoins zu Kursschwankungen. Tether war...
Read More »EOS Price Analysis: Testing Significant Breakdown Support
EOS price is back in a negative zone below the $2.500 support against the US Dollar.There is a cluster of supports on the downside near the $2.300 level.There is a major declining channel forming with resistance near $2.500 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).A clear break below the $2.300 support zone could spark more downsides in the near term.EOS price is slowly moving back into a downtrend against the US Dollar, similar to bitcoin. However, if the price...
Read More »Litecoin (LTC) Price Analysis: Can Bulls Defend This Key Support?
Litecoin price is down more than 10% from the $45.00 resistance against the US Dollar.LTC price broke the key $40.00 support level to move into a bearish zone.There is a major bearish trend line forming with resistance near $41.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must stay above the $38.00 or $37.00 support to start a fresh upward move.Litecoin price is showing a few bearish signs below $42.00 against the US Dollar, similar to bitcoin. LTC price...
Read More »Coin Gecko Says the De Fi Arena Is Expanding Quickly
The decentralized finance (De Fi) arena is growing rapidly despite the recent falls of cryptocurrencies.De Fi: The Future of Money?As digital currency assets are dropping in price thanks to the coronavirus pandemic, the industry of decentralized finance is experiencing positive results. The arena centers on users providing and receiving digital currency payments to garner goods and services without the necessity of third parties or regulatory steps.Bobby Ong – the co-founder of Coin Gecko, a...
Read More »Cardano (ADA) Price Analysis: Can Bulls Overcome This Key Hurdle?
ADA price declined sharply after it failed to surpass the $0.0375 resistance against the US Dollar.It traded as low as $0.0319 and it is currently correcting higher.There is a major bearish trend line with resistance near $0.0342 on the 4-hours chart (data feed via Kraken).The price is likely to restart its downtrend if there is no break above $0.0350.Cardano price is showing a few recovery signs against the US Dollar, similar to bitcoin. ADA price must surpass the $0.0350 resistance to start...
Read More »Chainlink Price Analysis: LINK Holds Above $3.3 But Bearish Sentiment Surfaces Against Bitcoin
While Chainlink holds support at $3.3, a break down could lead to a massive drop in price.Against Bitcoin, Link is beginning to flag a bearish trend after dropping off a 4-day wedge.LINK/USD: Chainlink Holding Support At $3.3Key Resistance Levels: $3.48, $3.6.2, $3.8Key Support Levels: $3.3, $3, $2.8LINK/USD. Source: TradingViewThe price of Chainlink saw a massive 60% increase over the past two weeks of trading, making it the top gainer amongst the major altcoins so far this month. This...
Read More »Mike Novogratz: Everyone Should Be Purchasing Bitcoin
The crypto market has been up and down since the weekend, with assets like bitcoin losing more than $500 from its price on April 10.Bitcoin Is Tumbling Down the StairsLast week marked a solid end to what appeared to be a longstanding bearish cycle that was repeatedly striking the world’s primary cryptocurrency by market cap. The currency had initially struggled – and struggled hard – to relieve itself of the measly and miniscule $6,000 range it had been stuck in for several weeks. Finally,...
Read More »XRP vor deutlichem Kurseinbruch
Der XRP hält sich weiter auf Platz 3 der wertvollsten Cryptocoins des Marktes. Doch insgesamt hat er bereits 90% seines Höchstwerts eingebüßt. Und wenn wir Analysten glauben schenken können, folgt in den kommenden Tagen ein weiterer Crash für den Altcoin.Crypto News: XRP vor deutlichem KurseinbruchLaut einem technischen Analysten steht der Kurs kurz vor einer „Double Rejection“. Auf dem aktuellen Kursniveau gibt es so gut wie keinen Support, so dass die leichten Kursgewinne seit dem...
Read More »G20’s Financial Stability Board Recommends Common Regulation For Stablecoins
The G20’s Financial Stability Board (FSB) has issued ten recommendations for a common regulation on stablecoins. Their growing usage and volume may undermine financial stability if world governments don’t set up the necessary legislation.FSB’s Recommendations For Stablecoin RegulationReuters reported earlier today the FSB’s intentions to “proportionately” regulate stablecoins. The agency has developed a paper, which it will deliver to G20 finance ministers and central bank governors during a...
Read More »The FBI Warns Against The Growing Number Of COVID-19 Cryptocurrency Scams
The Federal Bureau of Investigation (FBI) has issued an official warning regarding the increasing number of COVID-19 scams involving cryptocurrencies. The agency outlined various fraudulent activities, including blackmail attempts, work from home fake ads, and investment scams.FBI: Beware Crypto And COVID-19 ScamsThe sudden COVID-19 outbreak caused numerous disruptions in regular day-to-day life. Millions of confirmed cases worldwide, entire nations under lockdown led to people losing jobs...
Read More »