Hester Pierce – the commissioner at the Securities and Exchange Commission (SEC) – admits that perhaps the agency’s reluctance to approve a bitcoin or crypto-based exchange-traded fund (ETF) was a bit of a mistake now that Canada has come so far in this department. Pierce: A Bitcoin ETF Is Now Being Pushed More Than Ever Over the years, many companies – from Van Eck to Bitwise – have submitted applications to get bitcoin ETFs approved by the Securities and Exchange...
Read More »$100 Million in Monero (XMR) Ransom Reportedly Demanded from Computer Giant Acer
The Taiwanese multinational hardware and electronics company, Acer, is purportedly the latest popular organization to fall victim to the notorious REvil ransomware attack. According to recent reports, the perpetrators have requested one of the largest demands so far of up to $100 million paid in the privacy cryptocurrency – Monero.Ransomware Attack on AcerHeadquartered in New Taipei City, Acer is among the world’s largest manufacturers of computer hardware and electronics with revenue of over...
Read More »Cardano Price Analysis: ADA Slumps 20% in 4 Days as Bulls Defend a Crucial Support
ADA/USD – Market Falls Into .618 Fib SupportKey Support Levels: $1.17, $1.10, $1.00.Key Resistance Levels: $1.30, $1.47, $1.46.ADA is up by a total of 10.5% since rebounding from support at an ascending trend line at $1.00 last week. After the rebound, ADA went on to surge as high as $1.46. The price surge was driven by the fact that ADA had been added to the Coinbase Pro platform.Unfortunately, it was unable to close a daily candle above resistance at $1.37 (1.414 Fib Extension level) and...
Read More »Michael Saylor Says His Twitter Chat With Musk Might Have Contributed to Tesla’s Bitcoin Buy
Without disclosing any further details, MicroStrategy’s Michael Saylor said in a recent interview that his conversations with Tesla’s Elon Musk influenced the latter to buy $1.5 billion worth of bitcoin in January.Additionally, he also noted that BTC’s revolutionary technology had caught the world by surprise, which is why so many people outside the industry had issued accepting it.Saylor Influenced Musk to Buy BTC?News broke in February that the electric vehicle giant, Tesla, had used funds...
Read More »NFTs Absolutely in a Bubble, Says Beeple Following the Record $69 Million Sale
NFT prices are in a bubble. That’s according to the third most valuable living artist today. Mike ‘Beeple’ Winkelmann, in an interview, said that despite the inflated prices, the technology itself is strong.NFTs Absolutely in a Bubble, Says BeepleMike Winkelmann, who is better known for his artist name Beeple, especially within the cryptocurrency community, believes that non-fungible tokens (NFTs) are in a state of a bubble.In a recent interview for Bloomberg, the artist said that NFT art is...
Read More »CoinStats Raises $1.2 million Pre-seed Round of Funding
[PRESS RELEASE – // ChainWire //]Yerevan, Armenia, March 22nd 2021: Leading cryptocurrency portfolio management platform CoinStats raises $1.2 million pre-seed round of funding from investors that include Imperii Capital as well as Stefan Cohen and Jonathan Weiner. Leading investors aim to support the platform’s rapidly growing 1 million monthly active users and future product development as cryptocurrency asset class matures.The capital will be used to build new features that will ensure...
Read More »Bitcoin Google Searches in Turkey Skyrocket as the Lira Tumbles 15% in a Day
The Google searches for bitcoin skyrocketed to new highs in Turkey earlier today. The sudden increase comes amid a 15% daily price drop for the Turkish lira following the decision of President Tayyip Erdogan to remove the governor of the country’s central bank.Turkish Lira Plummets by 15% in a DayTurkish President Recep Tayyip Erdogan shocked the country during the weekend by firing without any explanation the nation’s central bank governor – Naci Agbal. Although Erdogan failed to provide a...
Read More »Stellar Lumen (XLM) Price Facing Uphill Task Near $0.410 and $0.435
Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar. XLM price is now consolidating near $0.4000 and above the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4000 on the 4-hours chart (data feed via Kraken). The pair must clear the $0.4100 and $0.4350 resistance levels to start a strong increase. Stellar lumen price is forming a base above the $0.4000 level against the US Dollar,...
Read More »Ripple Price Analysis: Uptrend Intact Above $0.50
Ripple price is showing positive signs above the $0.4980 and $0.5000 resistance levels against the US dollar. The price is now well above $0.5000 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $0.4960 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to start a strong increase above the $0.5250 and $0.5300 resistance levels. Ripple price is trading in a positive zone above the...
Read More »Central Bank of Nigeria is OK With Crypto: We Are Not Discouraging People From Trading
The Central Bank of Nigeria apparently has no problem at all if the country becomes a so-called Bitcoin Nation and recently clarified that rumors of a general crypto ban were nothing more than a misunderstanding.According to a report published by the local newspaper Today Ng, the central Bank did nothing but to draw a line between crypto related banking activities and the use of cryptocurrencies by the population.In other words, in Nigeria traders have total freedom to transact with crypto as...
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