Crypto news

The Bank of Japan has officially kicked off experiments on a proof of concept for its central bank digital currency. The first testing phase is already live and should be completed by March 2022. BOJ Takes a Swing at CBDC Development Japan’s Central Bank has put its mind into issuing its own digital currency. The trial will consist of two phases, according to a recent Reuters coverage. The initial steps should continue until March 2022. They will concentrate on testing the...

XRP/USD – Buyers Push Above March Highs Key Support Levels: $0.659, $0.609, $0.556.Key Resistance Levels: $0.75, $0.773, $0.8. XRP is now up by a total of around 30% over the past week as it pushed higher from $0.55 (2019 highs) to break above $0.6 and reach the current resistance at $0.70. The cryptocurrency was trading inside a bullish wedge pattern during March but managed to close a daily candle toward the upside yesterday. Since breaking above, XRP surged higher to break...

Stellar lumen price is trading nicely above the $0.4000 pivot level against the US Dollar. XLM price is now trading well above $0.4200 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.4400 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher if there is a clear break above the $0.4700 and $0.4800 resistance levels. Stellar lumen price is showing positive signs above $0.4200...

Ripple price started a strong increase above the $0.5000 and $0.5500 resistance levels against the US dollar. The price is now well above $0.5500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.6000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to surge further above the $0.7000 and $0.7010 resistance levels. Ripple price is trading in a positive zone above the $0.6000...

Leading U.S.-based cryptocurrency exchange Coinbase is all set to go public on April 14. Traders and investors will be permitted to start purchasing stock in the trading platform beginning then. Coinbase Will Go Public in Less Than Two Weeks It is a big deal that Coinbase has filed for an initial public offering (IPO) in the sense that no company in Coinbase’s shoes has ever been in this position. As the first crypto platform of its kind to ever go public, many analysts...

Considering how common crypto scams have become in recent years, it is quite easy to get stuck in one, but when someone with “status” comes out and promotes one of these scams, it can be a little difficult to take at first. Matt Lorion – a 17-year-old Tik Tok influencer – is now apologizing to all his fans after he promoted a potential crypto scam that saw people lose some serious money. Matt Lorion: I’m Sorry for Promoting Mando Lorion has made a name for himself...

In the past, it has appeared that Mark Cuban – a billionaire investor and owner of the Dallas Mavericks basketball team – was never a huge fan of cryptocurrency. While he acknowledged that bitcoin had a loyal set of followers and thus permitted BTC payments for Mavericks-related merchandise and tickets, he did not speak highly of the asset, claiming in the past that he would rather have “bananas” than BTC. Mark Cuban Is Getting Into BTC and Ethereum Now, however, some...

Bakkt, the Bitcoin futures platform launched and operated by the Intercontinental Exchange (ICE), has released its long-anticipated application. Dubbed Bakkt App, it would enable customers to interact with BTC and other crypto assets directly through the platform. Additionally, the company has partnered with several notable firms, including Best Buy and Starbucks. Bakkt App Arrives Launched in 2018, Bakkt enables institutional and accredited investors to receive BTC exposure...

The rapidly expanding popularity of non-fungible tokens (NFTs) has far exceeded the realm of the music industry and has reached the US Major League Baseball (MLB). The President and CEO of the Toronto Blue Jays recently said that his team and the entire league are actively looking for ways to employ NFTs to bolster fan interest in the sport. The MLB Heads for NFTs NFTs are arguably the hottest trend in the cryptocurrency space, perhaps only sharing the popularity crown with...

[PRESS RELEASE – Hong Kong, Hong Kong, 4th April, 2021] Unicly, an innovative project developing an ingenuous protocol to combine, fractionalize, and trade NFTs with guaranteed liquidity, is getting ready for an imminent launch on Ethereum mainnet. A Nonfungible token is a provably unique representation of an item, usually a piece of digital art or video game item. NFTs come in many types and representations, sometimes referring to a single art piece, and sometimes an entire...