Crypto news

John McAfee’s new decentralized exchange will launch today. The former antivirus software tycoon’s product is dubbed McAfeeDEX and will run on the Ethereum blockchain. In an announcement, McAfee stated that the exchange would support users from all over the world.The beta version of McAfee’s decentralized exchange is set to be released today with limited information posted on its website. The homepage details three of its key features. According to the info provided, any and all ERC-20 tokens...

The DAPP Network, born out of frustration at the rising cost of vRAM for EOS’ virtual hard drive, has just had a major upgrade. Developer LiquidApps has announced the release of DSP 2.0, bringing with it a wide range of new features and fixes. Combined, these improvements make the emergent EOS scaling solution a force to be reckoned with, and pave the way for a flurry of new decentralized applications that can operate at scale. The DAPP Network is not a sidechain for EOS – LiquidApps call it...

In what seems to be a return to bearish tendencies, Bitcoin price has dipped below $8,000 overnight, fortunately, major altcoins haven’t followed suit this time. At the time of writing, BTC was down 0.83% to $7,967.00.The altcoins, on the other hand, have fared differently with each altcoin seeming to find its ground. Ethereum (ETH) is down 0.51% to $174.16, XRP is up 5.44% to $0.27, EOS is up 1.27%, Tether down 0.71% to $1 while Litecoin is down by 0.97% to $55.68. Several factors may be...

Anheuser-Busch InBev, currently the world’s largest brewing company by revenue, is trying to break big into many parts of Asia, with a considerable focus on China. The company which debuted its listing on the Hong Kong stock exchange about a week ago, is also interested in other markets such as South Korea, Vietnam and India as well. However, many who are familiar with the market in China, for example, are yet to see how the company could possibly break into a market that’s already mostly...

The U.S. and China are all set to engage in discussion this Thursday, October 10, over the year-long trade dispute between the economic giants. The world is observing these events closely as they will set the tone for the future global economic scenario.While the Trump administration has set some demands and policy changes, China has shown a strong reluctance to it. According to the latest Bloomberg report, China has narrowed down the scope for the upcoming discussions. Beijing officials have...

Investigations into cryptocurrency firms by the UK Financial Conduct Authority (FCA) have surged by three-quarters this year, as the agency tightens the rein on the crypto sector. Scrutiny On the Rise According to research from Pinsent Masons, an international legal firm, active investigations into cryptocurrency firms have surged to a whooping 87 companies in 2019 from just 50 a year prior. Speaking on the rampant increase in scrutiny, David Heffon, a partner at Pinsent Masons, remarked...

Olaf Scholz who is currently the German finance minister has indicated his stance on the cryptocurrencies in particular and electronic money in general. According to local sources, he made his position known last week and also revealed skepticism for private-interest cryptocurrencies such as Facebook’s Libra. He proposed the introduction of an electronic Euro which won’t serve a replacement of the current Euro system but will be used alongside it.He said:“Such a payment system would be good...

Stellar lumen price is currently consolidating above the $0.0580 support against the US Dollar.XLM price is facing a strong resistance near the $0.0620 and $0.0626 levels.There was a break above a short term bearish trend line at $0.0590 on the 4-hours chart (data feed via Kraken).The pair is currently trading in a range and it could attempt to surpass $0.0620 and $0.0650.Stellar lumen price is consolidating below key resistances against the US Dollar. XLM price must surpass $0.0620 and...

While major cryptocurrencies are struggling to increase their already-low prices, XRP is very much in the green with significant gains over the past week and particularly today. Moreover, Ripple’s XRP has again become a hot topic on social media. Is this a signal of an upcoming “altcoin season”?Since the crypto market crash in late September caused by the disappointing launch of the highly anticipated Bakkt Bitcoin futures trading platform, cryptocurrencies are struggling to recover. Bitcoin...

Stablecoin operator Tether Ltd. and its crypto exchange ally Bitfinex are expecting another lawsuit for charges of market manipulation. Citing an “unpublished and non-peer reviewed paper” the two companies unanimously stated that they are expecting a “meritless and mercenary lawsuit” based on the charges of their Tether token issuance for crypto market manipulation.Both the companies are calling these accusations as “baseless” aimed at hindering the “growth and success of the entire digital...