Crypto news

The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering.CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field – Ripple. Brad Garlinghouse confirmed, saying that they will fight any suit the watchdog throws at them.The Commission...

A new report issued by Goldman Sachs suggests that gold and bitcoin can potentially coexist together.Goldman Sachs Believes Gold Isn’t Threatened By BTCThere has been a lot of speculation as of late as to whether gold can survive the coming onslaught of bitcoin price surges. As the world’s largest and most popular digital currency by market cap, the coin has garnered a newfound reputation for being a hedge tool and a “safe haven” similar with gold. The currency is looked at as something that...

Bitcoin could be headed towards a bullish supply and liquidity crisis, said Glassnode’s Chief Technology Officer. He came to this conclusion after reviewing recent BTC developments, including institutional adoption, bitcoin hodlers, exchange balances, and miners’ supply.BTC Wallets, Lost Coins, And MoreRafael Schultze-Kraft, the CTO at the analytics company Glassnode, explored different BTC stats, metrics, and recent developments that point out an ongoing supply and liquidity crisis.He...

Are people beginning to give up gold and stocks for bitcoin? This certainly seems like the latest trend as some of the largest financial managers in the world are beginning to turn away from precious metals and other standard assets in favor of the world’s largest digital currency by market cap. The latest gold-turned-bitcoin fan is Christopher Wood, the global head of equity strategies at Jefferies.Christopher Wood Has Found a New Friend in BTCIn a recent turn of a events, Wood – who has...

XRP/USD – XRP Rangebound Between $0.65 and $0.435Key Support Levels: $0.45, $0.43, $0.4.Key Resistance Levels: $0.556, $0.6, $0.648.Throughout the December period, XRP has been trapped between $0.65 and $0.43. It reached the lower boundary of this range last week and proceeded to bounce from the support provided by a .618 Fib Retracement.After rebounding, XRP started to climb higher but could not close a daily candle above $0.58. As a result, XRP rolled over during the weekend and fell...

[PRESS RELEASE – Please Read Disclaimer]Hong Kong, Dec. 22, 2020 – Following the announcement of Crossfire, the Crypto.com Chain mainnet dry-run, Crypto.com today enlisted Bison Trails to provide Validator node infrastructure support on the Crypto.com Chain. With a robust infrastructure platform that decentralizes nodes across cloud providers and regions, Bison Trails will enable Validator nodes to sign transaction blocks with low latency and high throughput on the Crypto.com Chain.Crypto.com...

In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family.100 BTC for The Son of A Crypto InvestorAn eight-year-old boy from India has been kidnapped with a ransom note demanding 100 bitcoins, worth about $2.3 million. The incident happened in the southwest Indian state of Karnataka while the child...

LINK/USD – LINK Indecision Causing Sideways ActionKey Support Levels: $12, $11.50, $10.50.Key Resistance Levels: $13.50, $14.30, $15.LINK is currently trapped in a period of indecision as it bounces between $14.30 and $11.50. The coin has been unable to claim either of these boundaries for the entire December but is battling to remain above a three-month-old rising trend line.It surged higher from $11.50 last week but could not close a daily candle beyond $13.50 over the weekend, causing it...

Following weeks of speculations, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a new set of regulations on self-hosted crypto wallets. The organization gave stakeholders 15 days to respond to the propositions, but Coinbase has continued opposing the idea and asked for an extension of that period.FinCEN’s Newly Proposed Crypto RegulationsThe cryptocurrency community has speculated on rumors that the US Treasury could be working on new legislation for self-hosted...

ADA price started a decline increase after forming a top near the $0.1760 zone the against the US Dollar.The price is now trading below the $0.1600 level and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $0.1640 on the 4-hours chart (data feed via Kraken).The price could resume its decline unless there is a clear break above $0.1600 and $0.1620.Cardano price is back below the $0.1600 support against the US Dollar, similar to...