Crypto news

The Bitwise proposal for a bitcoin exchange-traded fund (ETF) was recently knocked to the side by the Securities and Exchange Commission (SEC). This was bad news all by itself, but many analysts are seeing the rejection as a sign of how the industry will wind up.Bitwise Rejection Means a Lot to AnalystsSome view this not as just a simple rejection, but as a permanent barricade to blockchain and crypto-based products. They expect that a bitcoin ETF will have a very hard time getting approval...

Oh, Libra… Has it occurred to you yet that perhaps venturing into the crypto space wasn’t the greatest idea? And that maybe creating an entirely new cryptocurrency as a means of garnering Facebook’s trust back wasn’t the best response to the Cambridge Analytica scandal?Libra Pushes Through the MudDespite several companies exiting the Libra Association, despite several delays, regulatory problems and anger from the U.S. Congress and international governing bodies, Libra has taken the time to...

Times are good at Grayscale Investments, which has had the wind at its back lately. The digital asset investment firm just experienced its best quarter ever, as evidenced by a record-setting $254.9 million flowing into its funds in Q3 2019, which is about three times as much as Q2 results of roughly $85 million.  Much of the funds are being directed toward bitcoin via the Grayscale Bitcoin Trust, with more than $170 million flooding the flagship fund and setting yet another record for the...

Photo: Google / TwitterTrue to form, Google delivered on many of its promises as the leaks and many expectations were met. The Pixel 4 (about it we’ve already reported) and its XL Variant offered the goods and a bit more than expected. Besides, Google seems to be going head-to-head with other technology giants with new devices. The Google pixel buds Generation 2 was totally out of this world. The buds are wireless, they enable differentiation of sounds like those on the street and co even...

It looks like no matter how hard crypto and blockchain try they can’t please everybody. The Y Combinator’s top 100 list of startups is out, and to our disappointment and dismay, only two cryptocurrency and blockchain businesses have made the cut.Y Combinator Only Chooses Two?The two businesses to earn spots on the list were Coinbase, the popular U.S.-based cryptocurrency exchange (which came in at number five), and SFOX, a crypto dealer for institutional and professional traders. Ah, those...

This week, the market continued to stagnate, but we saw some promising signs in the altcoin arena. While most of the attention was directed toward Bitcoin and whether its price support will hold, many traders’ interest seems to have shifted to altcoins.Bitcoin’s dominance rate declined since peaking at 72%, and other cryptocurrencies finally managed to reclaim some ground.Despite the fact that during the past 3 months Bitcoin’s price has shuffled up, its current price point is still...

BitcoinWe saw an attempt to break down the resistance at around the 200 MA. Support in this range holds at about $8,000. If it fails, we can expect testing lower levels and this will spell bad news for the market. The chart seems to be technically primed for a turning point.EthereumAgainst the USD, we saw attempts to return to the $200 levels. In the meantime, resistance is currently at $190 while support is at $160. The market could be testing it.Against BTC, the cryptocurrency continues to...

In Crypto Twitter (CT), your standing within the community can change very quickly. One day you may feel like you’re on the top of the world but one erroneous call or poor judgment can instantly rob you of your fame. Arguably, no other personality in CT knows this better than trader Tone Vays. The crypto trader has managed to amass a following of over 193,000 followers despite being the target of ridicule and contempt by many big accounts. Before Vays attended the London Blockchain...

Helios Towers which is one of the key operators of towers for several mobile networks across Africa has successfully raised about 288 million pounds (or $364 million) in an initial public offering. It’s worth mentioning that IPO was delayed last year due to concerns on political tensions in key markets where the tower operator has core operations.The offering which though was supposed to be valued at $500 million was well-received in a season of low-key offerings and others which have been...

XRP saw a price increase of around 1% over the past 24 hours and it currently trades at $0.2926. The cryptocurrency has been on a tear these past two weeks after surging by a total of 17.72%, making it the strongest performing cryptocurrency out of the top 5 in the selected period. The surge has now allowed XRP to retest the $0.30 level which had provided strong support for the market all year until it was broken in July 2019. This price increase is largely a result of XRP surging against BTC...