Crypto news

Facebook’s Libra company – the cryptocurrency that will allegedly serve as a global currency everyone can use in the coming future – has appointed James Emmett, the former HSBC European head, to an executive position within its infrastructure.Libra Chooses James Emmett of HSBC FameAccording to reports, Emmett will develop and operate the payment system associated with Libra, which goes by the name of the Calibra wallet. Emmett’s appointment marks the latest in a string of several high-profile...

According to new reports today, the Commission has further explained that the move was part of its effort to protect investors, and it is well equipped to provide the required regulations.Last week, the Securities and Exchange Commission, Nigeria (SEC Nigeria), published a proposed set of regulations for the cryptocurrency and blockchain space, given the increasing importance of regulation.Making The Crypto Space ComfortableCommenting on the development, Emomotimi Agama, Head, Registration,...

How strange is it that the coronavirus has led to the suffering of banks but the overall establishment of bitcoin as a potentially mainstream asset? According to most analysts, the situation is not strange at all.Bitcoin Is Now More Mainstream Than EverBitcoin was largely speculative prior to the spread of the coronavirus pandemic. People saw it as something that could be invested in and something that could get them a lot of money if they played their cards right, but that’s about it. Nobody...

A recent study compiled by a cryptocurrency insurance company revealed that over 25% of surveyed institutional investors, who collectively manage nearly $80 billion of assets, are planning to increase their digital asset holdings.Institutional Investors To Accumulate More CryptoAlthough the interest from institutional interest has been rising lately, exemplified by the large digital asset manager Grayscale, Evertas’ survey suggested further accelerations.The study compiled by the company...

Ethereum fell by a precipitous 10% today as it slips to $336. The cryptocurrency failed to surpass the $390 resistance last week and fell today as BTC dropped by 3%. Against Bitcoin, ETH also fell by 5.3% as it penetrated beneath the crucial support at 0.0329 BTC to trade at 0.032 BTC. ETH/USD – Etheruem Bears Return Market To September Support Key Support Levels: $336, $325, $306.Key Resistance Levels: $364, $380, $390. Ethereum fell by a steep 10% today as it dropped...

The price of Bitcoin (BTC) on major exchanges has dropped by approximately 2.9 percent to $10,558.60 over the past 24 hours, as of press time —sparking widespread declines throughout the wider cryptocurrency market.Tokens relating to decentralized finance have seen particularly harsh declines of late, and BTC’s drop in valuation since a failure to push higher over the weekend hasn’t done DeFi tokens any favors.The cryptocurrency market is rapidly losing valuation today. Source: Coin360Where...

Bitcoin’s price is back in decline as $12 billion suddenly evaporated off the crypto market cap. This includes approximately $10 million worth of BitMEX BTC longs, which have already been liquidated due to the sudden breakdown. In the last 4 hours, BTC has tanked over 3% from $10,900 to a low of $10,560 and broken through both the 50 and 200-day EMA lines. The rest of the altcoin market is also experiencing heavy losses as traders withdraw into Stablecoins and other safer...

The latest news coming out of Iran points to growing support for Bitcoin and cryptocurrency miners in the country.Miners will now have access to the electricity output from three power plants to mint digital assets, courtesy of Iran’s Thermal Power Plant Holding Company (TPPH).Tender For Bitcoin, Crypto Miners To Leverage Output of 3 Power PlantsAccording to today’s report from an Iranian local daily, the country’s Thermal Power Plant Holding Company (TPPH) will hold a tender to offer the...

Andre Cronje is undoubtedly one of the best-known names in the cryptocurrency field lately, especially when it comes to decentralized finance (DeFi).On July 17th, 2020, Cronje announced the release of various products under yearn.finance, as well as the governance token for the protocol called YFI.It didn’t take long for users to realize the potential of the platform, which, coupled with YFI’s incredibly scarce supply of 30,000 tokens, drove its price to the sky. Now, Cronje hints that he’s...

Stellar lumen price remained in a bearish zone and it tested the $0.0720 support zone against the US Dollar.XLM price is currently declining below $0.0780 and the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $0.0780 on the 4-hours chart (data feed via Kraken).The pair could either nosedive below $0.0740 or it might correct above the $0.0800 resistance.Stellar lumen price is struggling to recover above $0.0800 against the US Dollar, similar...