Crypto news

Bitcoin price started a steady recovery from the $31,120 zone against the US Dollar. The price is now testing the $40,000 resistance zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $36,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to clear the $40,000 resistance and continue higher in the near term. Bitcoin price is attempting an upside break above...

South Korea announced plans to establish a pilot program examining the possibility of developing and launching a digital version of the won. The country’s central bank will focus on how the CBDC will work with mobile payment transactions, internet banking, saving accounts, transferring funds, and more. South Korea CBDC Pushes Forward According to a recent Reuters report, the Bank of Korea (BOK) will develop a pilot platform to boost its central bank digital currency (CBDC)...

It is rare that bitcoin is used for commercial purposes. Despite being initially designed to replace credit cards and fiat for the purchasing of goods and services, it seems like there are so few stories involving bitcoin being utilized as a payment method, and when they come to our attention, they usually stem from several years ago. Such is the case for Alex Taub and the New York Knicks tickets he bought with bitcoin in the year 2013. Alex Taub and His Bitcoin Journey...

Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world. This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the pandemic and making innovative approaches in their business models and the fields they’re in. Some of the listed companies include...

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

Up to this point, the hidden narrative is that central banks are somehow threatened by bitcoin… That they are fearful of it, and that they will do all in their power to somehow keep it from spreading or reaching the top of the financial ladder. However, according to Huw van Steenis – a former top advisor to the Bank of England – this is not quite true. Huw vann Steenis: We’ve Got the Wrong Idea About Crypto and Banks Huw van Steenis presently works as a senior advisor to...

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s intentions to crack down on mining and trading with the primary digital asset. As such, it comes as no surprise that another major...

Community-driven decentralized projects have made the most of this bull season and even meme currencies that are similarly backed by a strong community have propelled to new highs be it Dogecoin or Shiba Inu. Another use case that has gained a lot of popularity in 2021 is Non-Fungible Tokens aka NFT. NFTs have become a goto token for celebrities from all walks of life to auction their rarest art piece and memorabilia saved onto a blockchain for secure identity. In 2021...

Die Saga um Elon Musk und den BTC ist noch nicht vorbei. Gestern trafen sich der Tesla CEO und führende Bitcoin Miner, um über die Nutzung von erneuerbaren Energien beim BTC-Mining zu sprechen. Bitcoin News: Elon Musik trifft sich mit Bitcoin Minern und der Kurs steigt wiederDas Resultat des Treffens war die Gründung des Bitcoin Mining Councils, welches erneuerbare Energien weltweit promoten möchte.Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in...

Todd Morley – co-founder of Guggenheim Partners and chairman of the blockchain project Overline – said that Ethereum has ”much higher utility” than Bitcoin. Additionally, he outlined ETH’s rapid development progress. ETH Is More Than a ‘Thing’ In a recent Bloomberg interview, Todd Morley – a former executive of the global investment company Guggenheim Partners – compared the utilization of the networks behind the top two digital assets. However, he was short-spoken about...