Crypto news

State-backed stablecoins appear to be on the rise in the last several months, and Russia is taking the next step into launching its own. The country’s central bank has reportedly started testing digital currencies backed by real assets in a regulatory sandbox.Russia Tests Digital AssetsThe head of the Central Bank of Russia, Elvira Nabiullina, recently spoke about the bank’s plans and actions towards digital assets. She indicates that they have started testing a digital currency in a...

Litecoin price is struggling to stay above the $40.00 support area against the US Dollar.LTC price is likely to accelerate its decline if its breaks the $39.00 support area.There is a key bearish trend line forming with resistance near $41.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair might recover once it climbs above $41.50 and $42.00 in the near term.Litecoin price is showing a few bearish signs against the US Dollar, similar to bitcoin. LTC price remains...

Deutschland, kurz vor Weihnachten: Kartenzahlung war nicht immer möglich. Kurz vor Weihnachten berichteten deutschlandweit Verbraucher von Problemen beim Zahlungsverkehr. Kartenzahlung waren in vielen Geschäften nicht möglich. Doe Bankkunden vieler Geldinstitute betroffen, Aldi, Mediamarkt, Saturn, Rossmann, Real, dm und viele mehr. Der aktuelle Vorfall zeigt einmal mehr:...

Deutschland, kurz vor Weihnachten: Kartenzahlung war nicht immer möglich. Kurz vor Weihnachten berichteten deutschlandweit Verbraucher von Problemen beim Zahlungsverkehr. Kartenzahlung waren in vielen Geschäften nicht möglich. Doe Bankkunden vieler Geldinstitute betroffen, Aldi, Mediamarkt, Saturn, Rossmann, Real, dm und viele mehr. Der aktuelle Vorfall zeigt einmal mehr:...

Lael Brainard – the Federal Reserve governor – is back in the news. This time, she’s attacking the cryptocurrency project Libra, and to be fair, she’s not the only one.Brainard: Can We Trust Libra?Libra has been very controversial since it first emerged last June. Many have had mixed to negative reactions towards the cryptocurrency, claiming that it cannot be trusted given that it’s a subsidiary of Facebook, a social media conglomerate that has been attached to several scandals over the...

This year of 2019 turned out to action-packed with respect to the cryptocurrency market and the global economy in general. Undergoing a massive crypto winter in 2018, the crypto market saw some recovery especially in Q2 2019. If we look at the year-to-date performance, the overall cryptocurrency market cap surged by 60%. Thanks to Bitcoin‘s performance giving 100% returns during the same period.Also, if we look at the traditional markets, they have performed beyond investors’ expectations....

Brian Armstrong – the CEO of Coinbase – has garnered a patent for a new product that will allow users to email bitcoin to each other.Coinbase Paves the Way for Emailing BTCThe patent was filed in March of 2015 but didn’t garner approval until now. Crazy how long it can take to get the green light on new developments, isn’t it? The product is built to make crypto payments through email addresses linked to various wallets. The sender initiates an order to send money to a specific email address...

We’ve seen it before, and we’ll likely continue to see it for some time. Bitcoin and crypto just doesn’t seem to please everyone, and the latest doubter to be added to the mix is Federal Reserve governor Lael Brainard.Brainard: Crypto Gives Rise to Illegal ActivityAt a recent conference in Germany, Brainard explained to listeners that bitcoin was a haven for criminal activity, and that it had the power to inspire illicit events of every kind. Her words are allegedly based on various studies,...

CFTC Chairman Heath Tarbert has said that his entity is investigating Ethereum. Tarbert and other scientists carefully studied the inner processes of the Ethereum blockchain. Appears that the network will soon start changing itself to become a PoS-based system. Not only the miners but also the stakers will secure the transactions and blocks. On October 10, 2019, Tarbert concluded that Ethereum 2.0 tokens are likely to become virtual securities. Per Heath:“It is my view as chairman of the CFTC...

Global cryptocurrency exchange Binance added support for three fiat pairings with the Turkish Lira (TRY) that feature Ethereum (ETH), XRP, and leading stablecoin Tether (USDT). And that’s not all. Users will from now on be able to trade USDT against the Russian Ruble (RUB) as well.#Binance Adds ETH/TRY, XRP/TRY, USDT/TRY and USDT/RUB Trading Pairshttps://t.co/TlhaxBEOWs pic.twitter.com/al8syw2vc7— Binance (@binance) December 25, 2019This obviously became a ritual for this number one crypto...