Crypto news

The official launch of Huobi’s newest product was announced on September 17. The project is dubbed Huobi Argentina, and it will be supported by Huobi Cloud. The company is establishing a local team with localized operations and a direct fiat gateway, allowing users to trade Argentine pesos (ARS) to crypto and vice-versa.Huobi Targets Local MarketsArgentinian users are already able to purchase cryptocurrencies with Argentine pesos (ARS) via Huobi’s OTC platform. However, Huobi Argentina, which...

The Chicago Board Options Exchange’s (CBOE) BZX Exchange has withdrawn the proposed rule change in the Bitcoin ETF proposal issued by the VanEck/SolidX Bitcoin Trust. The SEC notice on Tuesday, September 17 states that CBOE decided to withdraw its proposal last week on September 13.The VanEck SolidX Trust filed for the Bitcoin exchange-traded-fund (ETF) with the SEC earlier this year on January 30. Nearly after a month on February 20, 2019, the Federal Register published the filing.Over the...

The crypto market has lately been quite volatile with Bitcoin displaying strength in its increased dominance. However, that dominance seems to have faced some challenges from several other altcoins that surged on sharply on September 18. With Ripple’s XRP leading the way, it seems like the altseason is coming soon.The sudden surge in XRP could have come as a response to reports a looming fork of the token. These reports arising from a civil war that has been happening among the XRP community...

Out of the blue, the crypto space seems to have come alive after weeks of sideways trading and little movement to indicate a specific direction of the cryptocurrency markets. Altcoins have come alive with Ethereum and XRP leading the charge this time, while Bitcoin sits still.Within the last twelve hours, Ethereum (ETH)has risen to slightly above the $200 psychological resistance level (about 7.69%) and it is currently trading at $213.99. XRP has risen to $0.31 indicating an impressive 13.73%...

The long-awaited launch of arguably the world’s largest cryptocurrency exchange for the American market, Binance US is finally here. Binance US opens today Wednesday the 18th of September, and promises to deliver world-class digital trading technology with great speed, ensuring a remarkable experience for all of its customers. Before now, the crypto exchange had its services restricted in the US and later announced that it will open a more American specific platform to cater to the...

ADA price started a strong rise from the $0.0450 support area against the US Dollar.The price is currently gaining momentum above $0.0500 and it could continue to rise in the near term.There is a strong support forming near $0.0475 and a bullish trend line on the 4-hours chart (data feed via Kraken).The price is likely to rally sharply if it breaks the $0.0525 and $0.0530 resistance levels.Cardano price is gaining bullish momentum against the US Dollar and bitcoin. ADA price could continue to...

As been written on the previous price analysis, Bitcoin’s trading range is getting tighter and tighter. The king of cryptocurrencies is not used for trading with such low volatility.As can be seen on the following two time-frames – the daily chart and the 4-hour chart – Bitcoin is getting very close to the apex of its decision point for the short and the longer-term.Whether the next move will be bullish or bearish – it’s too early to state. There are reasons for both directions.There are...

Governments around the world went on high alert after American social media giant Facebook announced a permissioned blockchain digital currency, named Libra. Unsurprisingly, the prospect of a privately-backed alternative digital currency didn't exactly excite financial regulators in North America, Europe, and Asia. Here are the four countries that really don't like Facebook's Libra. France Is Not a Fan of Libra France has, perhaps, been the most vocal opponent of Facebook's...

The United States Commodity Futures Trading Commission (CFTC) has welcomed a new member to its team. They have appointed Dorothy D. DeWitt, General Counsel of Coinbase‘s Business Lines and Markets and the vice president, as the director of the Division of Market Oversight (DMO).According to the CFTC’s announcement, at CFTC, Dorothy D. DeWitt will be responsible for supervision of derivatives platforms and swap data repositories, as well as evaluating new platform-traded products. Ms. DeWitt...

Bitcoin price is trading in a minor downtrend below the $10,500 resistance against the US Dollar.The price is holding a couple of important supports near the $10,150 and $9,880 levels.There is a crucial breakout pattern forming with resistance near $10,320 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could either rally sharply above $10,350 or it could extend its decline to $9,880 and $9,750.Bitcoin price is trading in a contracting range above $10,000 against...