Crypto news

Richard Ells is the CEO of Electroneum, a cryptocurrency app for smartphones that allegedly offers one of the fastest payment options out there. He’s also created a cryptocurrency known as ETN that he says is used by hundreds of thousands of people around the world to garner access to basic financial services.Richard Ells: Crypto Is Better Than It LooksHe says that one of the things that bothers him most nowadays is how the cryptocurrency space is widely depicted in a negative light by the...

European Central Bank President Christine Lagarde reiterated the Eurozone central bank’s stance that the development of a digital euro is meant to complement, not replace, cash — mitigating fears that Europe’s monetary union is not pushing for a cashless society.The further solidifying of this stance from Lagarde came via yesterday’s online meeting of the Franco-German Parliamentary Assembly, during which the French politician and lawyer stated:We need to fully reap the potential gains from...

San Francisco-based cryptocurrency exchange Kraken – arguably one of the largest and most prominent cryptocurrency trading platforms in the western hemisphere – has announced it’s been given the green light to establish its own bank.Kraken Is Opening Its Own BankThis is a unique step forward in the sense that banks and crypto are often complete opposites. Typically, banks are centralized financial institutions that have power over not only who they service, but what services those customers...

Bitcoin has returned into its former range between the 0.236 Fibonacci level at $10,446 and $10,000 after prices crashed a further 3% yesterday, around 15:00 (UTC+1). This was the level that took over nine days to successfully clear earlier in the month and could keep prices suppressed again if volume remains low. On the 4-hour timeframe, we can also see long wicks above the last four candles, which suggest bears are defending this strong resistance level vehemently. The...

Well, it looks like we may have spoken too soon when it comes to bitcoin. We were all so sure that the $11,000 price it just reached roughly 48 hours ago would stick around this time, but it looks like that’s not the case. Volatility is coming back, and we’re witnessing it today as bitcoin has dropped roughly $600 to $10,400 at press time.Bitcoin Drops into the Low $10K RangeThis is a rough time for bitcoin considering how up and down it’s been over the past several weeks. The currency has...

A UK national has pled guilty and will be sent to prison for his involvement in the notorious hacker’s group “The Dark Overlord.” The organization breached and stole sensitive information from numerous companies and demanded the ransoms to be paid in Bitcoin.The Dark Overlord Member ImprisonedThe US Department of Justice announced yesterday that Nathan Wyatt, 39, has pled guilty to conspiring to commit aggravated identity theft and computer fraud. Consequently, he received a sentence to five...

Chainlink has now dropped by a total of 27% over the past week as it crashes beneath $9.00 today.The coin is trading at support at the July high-day closing price as the bulls attempt to stall the downtrend.Against Bitcoin, LINK has fallen into the support at the .618 Fib Retracement at 0.000826 BTC.LINK/USD – Bearish Momentum Reaches Oversold ConditionsKey Support Levels: $8.67, $8.05, $7.66.Key Resistance Levels: $9, $10, $10.40.Five days ago, LINK penetrated beneath crucial support at the...

In a recent report on stablecoins, the European Central Bank (ECB) questioned the accuracy of their name arguing that it may be misleading to users. The paper also highlighted that stablecoins could have a significant role in a digital economy if adequately regulated.The Name Stablecoins May Not Be A Proper Fit: ECBWhether they are backed by a fiat currency like the US dollar or commodities such as gold, stablecoins were created to provide a “stable” alternative to the highly volatile...

The first-ever Bitcoin ETF will be launched on the Bermuda Stock Exchange (BSX) by Hashdex, a regulated Brazilian fund manager, and Nasdaq after garnering approval for the “Hashdex Nasdaq Crypto Index” four days ago.The news continues Bermuda’s legacy of being a crypto-friendly offshore international business and financial center.Three million Class E shares will be issued for trading and the exchange-traded fund is expected to go live by the end of 2020.Hashdex currently boasts $46.4 in...

The DeFi space continues to amaze with stunning developments happening on a daily basis. Announced on August 18th through a Medium Post, Meme protocol is quickly catching speed with its native token hitting almost $2,000 a couple of hours back.The interesting thing is that it has a very limited supply of 28,000 tokens and most of it was distributed through an airdrop to people who joined their Telegram group.MEME Airdrop Worth $700,000Data from Etherscan shows that 72 people received around...