Crypto news

Bitcoin cash price started a major decline below the $600 zone against the US Dollar. The price is now trading well below the $600 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $572 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to decline unless there is a clear break above $572 and $600. Bitcoin cash price is eyeing recovery above $580 against the US Dollar,...

American online streaming giant Netflix is preparing to release a documentary, which focuses on the death of Gerald Cotten, founder and CEO of the now-defunct Canadian cryptocurrency exchange, QuadrigaCX. Netflix made the announcement via Twitter on Thursday (September 23, 2021), with the documentary titled “Trust no One: The Hunt for the Crypto King.” According to the synopsis, a group of QuadrigaCX investors who have become investigators will seek to uncover the suspicious...

Twitter, the favorite social network among cryptocurrency lovers, has just announced that it will let its users to send Bitcoin to any account with a BTC wallet. Enabling Bitcoin tips is part of an even larger initiative. The company is expanding its support for payment processors of all kinds, including Patreon, Cash App, Venmo, Razorpay, GoFundMe, and Brazilian startup PicPay, which serves as an equivalent to Paypal or Venmo with some additional options such as cashback...

El Salvador has been making huge headlines as of late. The country is among the first to declare bitcoin – the world’s number one digital currency by market cap – legal tender, meaning it can now be used to purchase items and services in the same way one might use fiat, credit cards, or even checks. El Salvador Might Be Doing Something Right However, the country has experienced some serious rollout issues, between people protesting that they don’t want life to change to...

Jerome Powell – the active chair of the Federal Reserve – says they have begun studying whether to launch their own digital currency and will soon be releasing a paper on the matter. Possible Digital Currency for the United States Powell confirmed that investigations were underway in an interview with CNBC this Wednesday. “We are working proactively to evaluate whether to issue a CBDC,” said the chairman, “and if so– in what form.” Jerome Powell. Source: TimeHe follows with...

What occurred in India’s cryptocurrency space a few years ago is now at risk of also occurring in Australia. The country’s financial laws have failed to keep up and include cryptocurrency, and thus many startup ventures delving in blockchain and in digital currencies are now at risk of losing the money and support they receive from standard banks. Australia Is Having Trouble in Its Crypto Space India saw a situation like this occurring just a few years ago. Many news...

XRP/USD – Buyers Battling To Reclaim $1. Key Support Levels: $0.95, $0.876, $0.8282.Key Resistance Levels: $1.05, $1.15, $1.25. XRP fell beneath the $1.05 floor on Monday and ended up below $1, and the 200-day MA until support was found at $0.875 (.618 Fib). This level was further bolstered by the 100-day MA level, which allowed XRP to rebound. After this, XRP went on to break the 200-day MA at $0.85 and spike back above $1. Unfortunately, the bulls have still not managed to...

The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan Shook Hands The enterprise blockchain provider Ripple announced it would enable Bhutan’s central bank to employ its network to pilot a central bank digital currency: “Today, we are proud to announce...

Not too long ago, AMC announced that it was going to allow crypto fans to purchase concession items and tickets with bitcoin. Now, it looks like the company is adding several additional digital currencies to its list of accepted payment methods hoping this will potentially attract more movie goers. AMC Says “Yes” To ETH, BCH, LTC No doubt theatre chains have taken serious hits over the past year and a half following the coronavirus pandemic. Theatres require people to...

Dubai World Trade Center Authority (DWTCA) announced recently that it has partnered with the UAE’s Securities and Commodities Authority (SCA) to make cryptocurrency trading, issuance, and regulation completely legal within its jurisdiction – the DWTCA freezone. DWTCA Makes Crypto Activities Legal Notably, the agreement was signed by the acting CEO of the SCA Dr. Maryam Al Suwaidi, DWTCA director-general Helal Saeed Al Marri, and an executive at the Dubai Department of Tourism...