Crypto news

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...

Nachdem die Winklevoss Zwillinge jahrelang an einem Bitcoin-ETF gearbeitet haben, wird dieser nun ganz ohne ihr Mitwirken Realität. Allerdings wird der BTC-ETF vorerst nur über eine Börse der Bermudas erhältlich sein.Bitcoin News: Erster Bitcoin-ETF noch in diesem Jahr verfügbarHashdex aus Brasilien und Nasdaq haben sich zusammengetan, um den Bitcoin-ETF auf der Börse „Bermuda Dtock Exchange“ möglich zu machen. Das offizielle OK wurde bereits am 18. September gegeben und es wird erwartet,...

The Office of the Comptroller of the Currency (OCC) is turning out to be the greatest supporter of the US cryptocurrency industry.Yesterday, the banking regulator issued a letter that greenlighted national banks and federal savings associations to hold “reserves” on behalf of stablecoin issuers. The stablecoins in the discussion are fiat-collateralized, i.e., backed by the US dollar or fiat currency of any other nation.US Banks Allowed To Hold Reserve Funds For Stablecoin IssuersOn Monday,...

ADA price is down over 5% and it broke the key $0.0900 support zone against the US Dollar.The price is now trading well below $0.0860 and the 55 simple moving average (4-hours).There was a break below a key declining channel with support near $0.0855 on the 4-hours chart (data feed via Kraken).The price is likely to face hurdles near $0.0850 and $0.0900 if there is an upside correction.Cardano price is currently declining and trading well below $0.0900 against the US Dollar, similar to...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 975. Im heutigen Video geht’s um folgende Themen: Bitcoin Kurs Einbruch färbt den Markt rot – Altcoins bluten noch mehr & Ethereum völlig überlastet, so verändert DeFi das ETH-Ökosystem. 1.) Bitcoin Kurs Einbruch färbt den Markt rot – Altcoins bluten noch mehrhttps://cryptomonday.de/bitcoin-kurs-einbruch-faerbt-den-markt-rot-altcoins-bluten-noch-mehr/ 2.) Ethereum völlig überlastet, Gebühren auf Rekord-Niveau...

Ethereum price failed to clear the $400 barrier and declined recently against the US Dollar.ETH price is trading below the $352 support level and the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $375 on the 4-hours chart (data feed from Coinbase).The pair could accelerate further if it breaks the $330 support level in the near term.Ethereum price is declining and trading below the $352 support against the US Dollar. It seems like...

Craig Wright’s tactics for delaying the Kleiman estate litigation process may be coming to an end.The United States District Court for the Southern District of Florida has denied “on all grounds” the motion introduced by Craig S. Wright to dismiss the long-standing Kleiman vs. Wright lawsuit.Wright’s motion was denied “on all grounds”When a motion is denied “on all grounds,” in theory, it means that there is no argument considered valid or at least reasonable by a judge to satisfy any claim....

It looks like India and cryptocurrency are back in the news. This time, India is resorting back to its old tricks of potentially banning crypto trading.India Seeks Full Ban on Crypto TradingThe big question is this… Didn’t the country already tread this path? While crypto trading itself was never banned within its borders, India did pass a law that prevented all standard banks and financial institutions from doing business with firms and enterprises that dabbled in crypto. If a company...