It seems China finally decided to cut some ties to the world’s largest reserve currency – United States dollar, at least if it’s to believe the analysts’ prognoses.The biggest and most obvious reason is the ongoing trade war between the two countries said ANZ Research in their recent report. US delisting Chinese companies’ stocks from its market – surely hasn’t helped as well. That is why, ANZ predicts, Beijing decided to diversify its foreign exchange reserves into other currencies as...
Read More »Crypto Market Heading Northwards, Bitcoin Price Remains Calm Around $8600 Levels
After a poor drag down last week, the overall cryptocurrency market is showing signs of mild recovery today. While the crypto markets are eyeing a northward journey, Bitcoin still looks hesitant to take the lead.Last week, Bitcoin took a hit as the BTC price first slipped below $9000 and later even below its crucial support at $8700. Now, at press time, Bitcoin is trading at $8641.61 with a market cap of $156 billion. While Bitcoin has been showing a mild response to the market recovery, some...
Read More »Won’t Happen With Bitcoin: Bank of America Shuts Down Ex-PayPal CFO’s Bank Account
One of the largest US banking institutions, the Bank of America, has recently decided to close the account of the former CFO of PayPal. The decision came without an explanation, despite the fact that he had been a client for over 20 years. Needless to say, Bitcoin’s censorship-resistant nature is one of the things that bring it up as a viable alternative in scenarios of the kind.Bank Of America Shuts Down An AccountThe former CFO of PayPal and current partner at Sequoia, Roelof Botha, shared...
Read More »Ford Unveils its New Mach-E SUV: The First Auto to Join Mustang Lineup Since 1964
As an automobile, Ford’s Mach-E comes with the style, logo, and design of the famous Mustang but everything else under the hood makes it seem more like a Tesla or another electric vehicle. With a range of 210- 300 miles at full charge and accelerations that range from beating high-end sports cars to mid-level sedans, the first set of Mach-Es will be available in late 2020 to the spring of 2021.Although pricey with the cheapest one starting at $43, 895 which is a little bit more expensive than...
Read More »Facebook’s Libra Testnet Logs Over 51,000 Transactions, Says Project Growing Strong
Ever since Facebook announced its Libra project in June 2019, it has been knocking the doors of regulators for approval. Over the last few months, the social media giant had a tough time dealing with global regulatory authorities.But this has not deterred Facebook from furthering its development for its native cryptocurrency Project Libra. Last week, the Libra Association released a developer update. The update announcement mentioned that the Libra Project is running for five months and...
Read More »BitTok Debuts at the Singapore FinTech Festival 2019
Place/Date: Singapore - November 18th, 2019 at 10:01 am UTC · 3 min read , Source: BitTok From November 11th to 13th, the Singapore FinTech Festival in 2019 was held at the EXPO Exhibition Center. BitTok was invited to participate in the exhibition and attracted a lot of investors from the venue. The booth was surrounded by a large number of participants who came to consult and experience.This is also the second time that BitTok has made a sound on the international stage after the...
Read More »#751 BTC Netzwerk Transaktionen überflutet, Bitcoin-ATM Wachstum & Iranische Zentralbank in Flammen
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 751 gesponsert von www.Bitsonar.com – Heute geht’s um folgende Themen: Bitcoin Netzwerk wird von Satoshi-Transaktionen überflutet, Anzahl der Bitcoin-Geldautomaten auf über 6.000 gestiegen & Büro der iranischen Zentralbank in Brand gesetzt. 1.) Bitcoin Netzwerk wird von Satoshi-Transaktionen überflutethttps://coincierge.de/2019/bitcoin-netzwerk-wird-von-satoshi-transaktionen-ueberflutet/ 2.) Anzahl der...
Read More »Ridiculous: McAfee Gives Away 10% Supply Of Epstein Didn’t Kill Himself Token (WHACKD)
Well-known entrepreneur and cryptocurrency proponent, John McAfee, recently launched an ERC-20 based token called WHACKD. The full rubric of the token is “Epsten Didn’t Kill Himself,” and it was announced back on November 11th. Now, however, McAfee has said that he will 10% of the total supply of WHACKD to the winners of a new meme contest.Gifting WHACKD To Meme Contest WinnersThe circumstances surrounding Jeffrey Epstein’s death caught the attention of the world. John McAfee’s observation...
Read More »Stellar Lumen (XLM) Price Trimming Gains, More Downsides Likely
Stellar lumen price failed to settle above the $0.0800 and $0.0820 resistances against the US Dollar.XLM price is currently declining and it is now trading well below the $0.0750 level.There is a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more downsides towards the key $0.0650 support area.Stellar lumen price is currently trimming gains against the US Dollar and bitcoin. XLM price could continue to...
Read More »Ripple Price Analysis: XRP At Risk Of Further Downsides
Ripple price is currently declining and trading well below $0.2700 against the US dollar.The price is likely to continue lower and it may even test the $0.2420 support area.There is a major declining channel forming with resistance near $0.2635 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could only start a decent recovery once it settles above the $0.2760 resistance area.Ripple price is following a downtrend below the $0.2760 support against the US Dollar....
Read More »