Crypto news

Facebook will get yet another chance to try to win over the support of US lawmakers with regards to its Libra cryptocurrency project and other matters next month. According to Bloomberg, the social media giant’s Chief Operating Officer Sheryl Sandberg will testify before the U.S. House of Representatives possibly in late October. Sandberg’s visit to Capitol Hill will be coming weeks after the co-creator of Libra David Marcus met with lawmakers to shed more light on tech company’s...

If you think bitcoin is having a hard time this week, talk to Mark Zuckerberg about Libra and you’ll probably think bitcoin isn’t doing so bad. Libra Encounters More DelaysAt press time, bitcoin is trading for just under $7,900, meaning it’s crashed even harder over the past 24 hours. Marcus Swanepoel, the chief trader of bitcoin and its crypto cousins at Luno, says that this behavior is pretty much affecting every major cryptocurrency on the market, and that the trends are not specifically...

Lumi wallet is celebrating the new option to buy crypto with a credit card in the wallet with a Bitcoin Giveaway Spree, giving its users a chance to win a soaring Bitcoin reward.In September, Lumi added a new feature that allows users to buy crypto with a credit or debit card safely in-wallet. Now, with fiat-to-crypto transactions enabled, Lumi Wallet stands on par with major crypto wallets.The coming Bitcoin Giveaway Spree is somewhat similar to the EOS accounts giveaway that Lumi Wallet...

Since cryptocurrencies proved to be investing instruments able to generate returns, a lot of people currently trading stocks are thinking to add them in their portfolio. Some want to know how to get started in stocks while also diversifying using crypto to profit from both markets.Today we’re going to bust the myth claiming that cryptocurrencies are completely uncorrelated instruments and we’ll also share a few essential pieces of advice that might be useful.Risk sentiment drives them...

Litecoin decreased by around 26% over the past week, following the rest of the market and Bitcoin’s violent plunge. The cryptocurrency saw another 3% drop today which brought its price down to $55.Although the situation may be looking pretty dire against the USD, LTC is holding pretty firm against BTC as it moved sideways during the latest period of instability. Litecoin is now the sixth-largest cryptocurrency with a market cap of $3.49 billion.Since our previous Litecoin analysis, LTC has...

On July 26th, CCN reported that Crypto Twitter’s (CT) biggest bull,  Majin, has turned bearish and called for a bitcoin plunge to $7,000. Two months later, the call of the liquidity game theorist is coming to pass. As of this writing, the most dominant cryptocurrency is rapidly descending to support of $7,000. Majin was right to say that demand at $8,000 is so weak that it won’t ignite a bounce. Majin predicting the breach of $8,000 months ago. | Source: TwitterNow that we’re headed to...

While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next year, China’s own digital currency is much closer to its launch. The anticipation for the Chinese digital currency has now had some measurable effect on fintech companies in the country as their stocks seem to be swelling impressively.According to a Reuters report, the China Securities Index Co. (CSI) fintech theme index – an index that follows the major financial...

Travis Kling is the founder and chief investment officer of crypto asset management firm Ikigai. He recently went on air on CNN and gave the best description of what bitcoin is. In the interview, Mr. Kling said, Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized, digital store of value. The on-point definition made Kling an instant celebrity in the Crypto Twitter community. Now, the crypto asset management firm CIO has dropped another bombshell. In a recent...

The blockchain-based project of IOV Labs, RSK, has announced the acquisition of Taringa. Both companies will be integrating RSK and RIF tokens into their day-to-day operations. The RSK technology on which the tokens will be based will purportedly allow peer-to-peer exchanges, decentralized applications, and content sharing.Blockchain Implementation in Social MediaTaringa reportedly has over 70 million monthly visitors and more than 17 million registered users. By entering this deal, IOV Labs...

The latest decline in Bitcoin’s price had the community discussing its future once again. Naturally, various polls have popped up asking people for their opinions on whether or not the worst is over. One such poll which received a fair amount of votes has it that we’re going lower. However, it’s worth remembering that when the majority of people think something will happen, Bitcoin often does the exact opposite. So, is the negative sentiment actually a good thing?72% Say Bitcoin’s Price Will...