Crypto news

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...

The Central Bank of Ireland has recently granted e-money license to crypto exchange Coinbase. This gives the crypto trading platform a license to expand its financial services throughout Europe.In a blog post last Saturday, October 12, Coinbase CEO Zeeshan Feroz said that this is a major milestone for the trading platform. Besides, Coinbase also begins the first company to get a license from the Irish Central Bank.A year ago Coinbase opened up its office in Dublin. Today’s announcement will...

The financial technology industry is booming and many investors have noticed that. In that context, investment in fintech ventures in Singapore rose rapidly. The latest reports from Accenture confirm that in the first 9 months of the current year, investors in Singapore brought a record $735 million into financial-technology deals. That represents a 69% surge from the prior-year period that raked in $435 million.Accenture came up with this data after analyzing reports from CB Insights,...

If you follow some of the best traders on Crypto Twitter (CT), you would think that trading with leverage is the best way to grow your crypto portfolio. After all, some of these traders post tremendous gains in short periods of time. Active trader shows off unrealized PnL of nearly 60%. | Source: TwitterWhile these traders flex their skills, they unwittingly make many of their followers think that trading is an easy game to play. Nothing could be further from the truth. As a result, a lot...

Photo: Binance BlogBinance has partnered with premier exchange-traded product Amun AG to create an ETP that has the BNB token as the primary asset but listed in US dollar value. This development was announced today by the leading cryptocurrency exchange. Trading of the newly developed product (the Amun BNB ABNB) has started on the Swiss SIX exchange today.Changpeng Zhao CEO Binance indicated this in a tweet as well.A MAJOR step. Now you can trade $BNB ETP on Swiss Stock Exchange (Ticker:...

Even though a cryptocurrency exchange-traded fund (ETF) still has to assemble regulatory approval, Grayscale Investments manage to get a green light from FINRA in order to list, what it calls – the first publicly-traded digital currency index fund.After they’ve got Financial Industry Regulatory Authority’s approval, the so-called Digital Large Cap Fund (DLC) will be listed on over-the-counter markets and trade under the initials GDLCF.This is company’s fourth publicly-quoted investment...

The Governor of Sweden’s Central Bank, Riksbank, said today that Facebook’s Libra has turned out to be a very important event. The bank has already been exploring the issuance of digital currencies, mainly because the usage of cash in Sweden is decreasing dramatically.Libra An Incredibly Important Catalytic EventDespite the recent shakedown which caused a lot of the key backers of Facebook’s Libra, including PayPal, Visa, and Mastercard, to drop off the project, good news seems to come from a...