A question is ringing through the minds of both the general public and regulators: Should the Fed develop a national cryptocurrency?What Could the Fed Do to Improve Things?We’ve discussed China’s plans to develop a state-issued cryptocurrency – likely a digital yuan – as a means of stabilizing its economy, monitoring people’s transaction histories and competing with the likes of Facebook’s Libra. Recently, Live Bitcoin News covered a new law passed in China that permits the digital yuan to...
Read More »Social Media Influencer Behind Bars for Crypto Scam
When are people going to realize that cryptocurrency scams are never a good idea? You’re always going to get caught. This is a lesson that’s hitting Instagram influencer Aziz ‘Com’ Mizra rather hard at press time.Mizra Is Spending Time in JailA one-time Canadian resident now living in the United Arab Emirates, Mizra has been arrested in Dubai by law enforcement officials under charges that he potentially defrauded investors through several cryptocurrency and real-estate schemes that saw...
Read More »Twitter CEO Dorsey Getting Coin List Off the Ground
Twitter and Square CEO Jack Dorsey is back in the news thanks to his support of a new cryptocurrency startup.Dorsey: Becoming the Face of Crypto?That startup is known as Coin List, and Dorsey recently took part in a $10 million funding round to help the venture begin its operations. The company is designed to help other crypto businesses garner funds through token sales. Executives say they are looking to utilize the funds for several purposes, including building Coin List Trade, a new crypto...
Read More »Decred (DCR) Cryptocurrency Suddenly Spikes Over 19%; What’s Next?
Decred makes upgrades to its public proposal system. DCR surges over 19% in less than 24 hours. A look at the 4-hour chart reveals DCR could retrace to $16 before it continues rising. Autonomous cryptocurrency Decred (DCR) is skyrocketing after its community welcomed new developments surrounding Politeia, its own censorship-resistant blockchain-anchored public proposal system for funding projects. In the last 24 hours, DCR jumped over 19% to hit a high of $18.50. The upward...
Read More »Samsung Adds Elrond Token to its Blockchain Wallet
Photo: SamsungSamsung has announced that it is expanding the range of coins available in its blockchain wallet. It has added new token Elrond (ERD) to ensure secure and faster payments using this crypto.Samsung Galaxy S10 device is able to automatically generate a blockchain wallet for users, allowing them to store and use numerous cryptocurrencies (earlier their number was 33). This wallet is created to allow users to make transactions in cryptos and easily access DApps from their...
Read More »Stellar (XLM) Spikes 8%; What’s Causing the Pump?
XLM skyrockets in the wake of the President Xi-inspired pump. Lumens gains prominent listing on Coincheck. Stellar Foundation scraps inflation. Ripple rival Stellar (XLM) is head and shoulders above the rest of the cryptocurrency market Friday, as it posts an 8% intraday increase. The crypto markets have seen some bullish performance of late following the so-called Xi pump. Last week, China’s president, Xi Jinping, shilled blockchain technology, leading to a mass revival of bitcoin...
Read More »Robinhood Expands Commission-Free Crypto Trading to 8 Additional U.S. States
The Robinhood investment app platform has just announced that its Robinhood Crypto feature has just added more U.S. states to its platform. Previously servicing 39 states, the 8 new additions now mean that Robinhood Crypto is now available to a total of 47 states.With Robinhood Crypto, users can trade seven digital assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin SV (BSV) Ethereum Classic (ETC), Bitcoin Cash (BCH) and Dogecoin (DOGE) all free of charge. The new state...
Read More »XRP is 10X Safer than Fiat for Cross-Border Payments
Ripple‘s XRapid system is 10 times safer and is only one-tenth volatile if compared fiat for making international payments. Fiat cannot compete with XRP’s speed and security.Ripple is a real-time gross settlement system and a form of currency exchange. Banks and financial institutions have the cryptocurrency XRP which is used in a row of Ripple’s solutions, as a settlement infrastructure technology. Payments done using it are irreversible, and there are no chargebacks.In its study Ripple...
Read More »Binance.US Exceeds $15 Million Daily Trading Volume One Month after Launch
In September, one of the world’s most popular cryptocurrency exchanges Binance launched its U.S. arm, initially allowing U.S0. citizens to trade 13 cryptocurrency pairs across Bitcoin (BTC), Bitcoin cash (BCH), Binance Coin (BNB), Ether (ETH), Litecoin (LTC), XRP, and the Tether stablecoin (USDT). Since the launch, only one month has passed, but Binance.US has already demonstrated incredible results: its daily trading volume has exceeded $15 million.Besides, the U.S. arm of Binance has...
Read More »Bitcoin Cash Analysis: BCH Approaching Next Crucial Break
Bitcoin cash price rallied recently and climbed above the $280 resistance against the US Dollar.The price is currently consolidating above $180 and seems to be setting up for the next break.There is a major breakout pattern forming with resistance near $284 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair could either rally again above $285 or it might extend its correction to $260.Bitcoin cash price is trading in a nice uptrend above $280 against the US Dollar....
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