Altcoins

The People’s Bank of China (PBoC) announced that the long-awaited central bank-issued digital currency will not be ready in November as it had been predicted in crypto circles. From the bank, they added that reports saying Alibaba and Tencent are among the first financial institutions to receive the currency was incorrect.This came as a surprise because just few weeks ago we could hear that it will “be better than Libra“, and they even enthroned their new digital currency chief Changchun Mu...

Swiss stock exchange SIX announced that they have launched a pilot version of its exchange and central securities depository (CSD) for digital assets.This prototype platform, launched under SIX Digital Exchange (SDX) which is its digital assets branch, is expected to experience the even better performance as it will be proceeding towards a full launch slated for Q4 2020.According to Jos Dijsselhof, who is the head of SIX, the existing system could be completely replaced by the SDX within just...

YouTube star Nicholas Merten is a fan of crypto, but like everyone else, he’s noticed the gradual downplay of bitcoin as of late. Once again, bitcoin has dropped below the $10,000 mark and is trading for just over $9,800. While this isn’t a major fall, the currency seems to have wavered between this mark and $10,200 over the past month.Merten: Altcoins Are Making a ComebackMerten isn’t concerned by this. In fact, he’s looking to use the situation to his advantage, and advises others to do the...

The world’s largest cryptocurrency exchange by trading volumes, Binance, will debut its trading operations in the United States from Tuesday, September 24. For this, Binance has launched a completely different American subsidiary Binance US following the country’s regulatory laws.Starting Tuesday, Binance US will offer the trading facility in crypto-to-crypto and fiat-to-crypto trading pairs. Moreover, Binance US plans to list seven cryptocurrencies immediately upon launch. These include...

Stellar lumen price rallied this past week above the $0.0800 resistance area against the US Dollar.XLM price even broke the $0.0900 level and recently started a nasty decline below $0.0800.There is a declining channel forming with resistance near $0.0680 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more losses and it could even revisit the $0.0570 support area.Stellar lumen price is back in a bearish zone after a massive rally against the US Dollar. XLM price...

Popular cryptocurrency evangelist and author of “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology,” William Mougayar took to Twitter last week to make big and bold predictions for several cryptocurrency tokens; among them Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and others.In his extremely bullish prediction, he put Bitcoin’s price as at the end of the year to be $25,0000, Ethereum at $1,000, BNB at $50, EOS at $7 and even STEEM at $.50....

While Facebook is prepping for its Libra launch in 2020, it also has acquired ServiceFriend which is a start-up that builds bots. Experts already have speculated that this is possibly meant for the Calibra wallet support service. First, this news was published in an Israel where ServiceFriend is situated. One of its largest investors, Roberto Singler, alerted one of the local publications about this matter. While Facebook hasn’t yet approved the relevance to Calibra on this deal,...

Social media giant Facebook has for the first time indicated the full list of the basket of currencies which will support the proposed stablecoin Libra. While is known publicly that the US Dollar accounts for about 50% of the basket of currencies that will back the cryptocurrency, not much was known about the rest.According to the Der Spiegel report , in response to a request from Fabio De Masi who is the finance spokesperson of the Left Party of the German Parliament (the Bundestag), a...

On September 18, the Federal Reserve announced another 25 basis point interests rate cut, bringing interest rates down to 1.75% to 2%. This is the second rate cut by Federal Reserve since 2008. The last rate cut was on August 1 this year, with an interval of only 48 days.Notably, at least seven of 17 fed members think they will cut rates again this year. Meanwhile, US President Trump has publicly said he lacks the courage to cut interest rates and will continue to press federal reserve.On the...

Ripple price climbed higher sharply after it broke the $0.2650 resistance against the US dollar.The price is currently correcting lower after it posted a new monthly high near $0.3260.There is a major bullish trend line forming with support near $0.2680 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well supported on the downside near the $0.2680 and $0.2650 levels.Ripple price is currently under pressure below $0.3000 against the US Dollar. However, XRP...