Altcoins

In general, the crypto sphere was not encouraging for most of this week, as Bitcoin merged in the low range of $7000, but Ethereum continues to weaken.After the particularly harsh end of 2019, it may seem that shortly the fate of Ethereum financial speculators will not change. The second-largest crypto asset in the world will have a bearish end in 2019. The price of Ethereum continues to crumble and now the network is getting progressively exasperated due to planning the next network...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.ETH/USD price technical analysisMost ETH holders keep losingThe ETH hardfork may happen on January 1stOn W1, there is still a declining wave developing to the low of $80.86. The interim and local support area is the psychological level of $100.00. The resistance is at $163.00. The MACD and Stochastic support the idea of declining.On D1 the quotations keep moving inside the channel, which may support the bearish confidence. The aim of the...

Just in time, before the new year has started, Binance said that its crypto exchange for United States-based users, Binance.US, is now available for beta testing on Android devices.In a tweet published on Christmas, the U.S. subsidiary encouraged its users to engage in the beta test of the crypto trading application on Android devices. Through this test phase, users will be able to ease some issues for Binance.US.For example, users will be able to help in identifying eventual bugs and...

Two days back, several crypto enthusiasts reported that YouTube has removed several crypto-related channels. The attack on these channels came without any prior warning as the video platform removed crypto videos suddenly.The crypto channel owners said that YouTube removed the videos flagging them as “harmful and dangerous”. Moreover, one of the channel owners said YouTube flagged his video as “sale of regulated goods”. It has turned out that YouTube has also not spared several informational...

A few days ago we reported about the YouTube crypto ban. It has turned out that the biggest video sharing platform moved, deleted or banned some videos related to crypto. Hell, it deleted the whole groups connected to it, as well as the users’ profiles.However, the force is strong in the crypto community and it has been proven once again. Just a day after it was reported YouTube removed what it said was “harmful or dangerous content”, the crypto community went wild. And, as we already...

State-backed stablecoins appear to be on the rise in the last several months, and Russia is taking the next step into launching its own. The country’s central bank has reportedly started testing digital currencies backed by real assets in a regulatory sandbox.Russia Tests Digital AssetsThe head of the Central Bank of Russia, Elvira Nabiullina, recently spoke about the bank’s plans and actions towards digital assets. She indicates that they have started testing a digital currency in a...

Litecoin price is struggling to stay above the $40.00 support area against the US Dollar.LTC price is likely to accelerate its decline if its breaks the $39.00 support area.There is a key bearish trend line forming with resistance near $41.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair might recover once it climbs above $41.50 and $42.00 in the near term.Litecoin price is showing a few bearish signs against the US Dollar, similar to bitcoin. LTC price remains...

Lael Brainard – the Federal Reserve governor – is back in the news. This time, she’s attacking the cryptocurrency project Libra, and to be fair, she’s not the only one.Brainard: Can We Trust Libra?Libra has been very controversial since it first emerged last June. Many have had mixed to negative reactions towards the cryptocurrency, claiming that it cannot be trusted given that it’s a subsidiary of Facebook, a social media conglomerate that has been attached to several scandals over the...

CFTC Chairman Heath Tarbert has said that his entity is investigating Ethereum. Tarbert and other scientists carefully studied the inner processes of the Ethereum blockchain. Appears that the network will soon start changing itself to become a PoS-based system. Not only the miners but also the stakers will secure the transactions and blocks. On October 10, 2019, Tarbert concluded that Ethereum 2.0 tokens are likely to become virtual securities. Per Heath:“It is my view as chairman of the CFTC...

Global cryptocurrency exchange Binance added support for three fiat pairings with the Turkish Lira (TRY) that feature Ethereum (ETH), XRP, and leading stablecoin Tether (USDT). And that’s not all. Users will from now on be able to trade USDT against the Russian Ruble (RUB) as well.#Binance Adds ETH/TRY, XRP/TRY, USDT/TRY and USDT/RUB Trading Pairshttps://t.co/TlhaxBEOWs pic.twitter.com/al8syw2vc7— Binance (@binance) December 25, 2019This obviously became a ritual for this number one crypto...