Markets

The popular blockchain project Stellar has signed a Memorandum of Understanding and Cooperation with the Ministry of Digital Transformation of Ukraine to explore and develop virtual currencies and a CBDC. The native cryptocurrency has reacted with a massive surge by almost 40% a day after the announcement.Stellar And Ukraine To Work On Digital Assets And CBDCThe Stellar Development Foundation (SDF) announced the signing of the contract yesterday. The Memorandum will enable Stellar to work...

Cryptocurrency market is once again heading north as the US Dollar Index plummets. The US Dollar index lost 0.32% today and nears the lowest level of last year’s December 31.By the time writing of this article the US Dollar index is at 89.568. As markets opened on January 4, there was a huge sell-off at the cryptocurrency market mainly caused by the hike of the S&P Volatility Index, panic in the market caused a drastic drop in prices of some cryptocurrencies, yet most of altcoins such as...

The strategists at JPMorgan Chase believe that the current adoption and investment rate that Bitcoin has can potentially drive the coin’s price to a consensus high levels of $50,000-$100,000.Analysts from American multinational investment bank and financial services company JPMorgan Chase & Co (NYSE: JPM) have given an ambitious price forecast for Bitcoin (BTC) but the target is billed for the long term. Per a Bloomberg report, the analysts, led by Nikolaos Panigirtzoglou said that the...

Today in the pre-market, the stocks of China Telecom Corporation Limited (NYSE: CHA), China Mobile Network (NYSE: CHL) and China Unicom Ltd (NYSE: CHU) are in the green.The New York Stock Exchange (NYSE) has announced that it will no longer delist three Chinese telecom giants after earlier reports in December of the last year where it originally planned to drop the telcos in order to comply with an executive order.In a statement released on January 5, the NYSE revealed that they have dropped...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1047. Im heutigen Video geht’s um folgende Themen: XRP-Investor startet Sammelklage gegen Coinbase, US-Banken können Stablecoins zur Zahlungsabwicklung nutzen, Binance Trading Rekord. [embedded content] 1.) XRP-Investor startet Sammelklage gegen Coinbasehttps://www.btc-echo.de/xrp-investor-startet-sammelklage-gegen-coinbase/ 2.) US-Banken können Stablecoins zur Zahlungsabwicklung...

Recent data indicated that mid-tier traders took profits before and during yesterday’s massive price drops for bitcoin and Ethereum. Furthermore, it disputed the assumptions that whales and institutional investors have disposed of their BTC holdings.Mid-Level BTC Holders Took Profits Amid The DropFollowing the highly positive first days of 2020 in which bitcoin exploded above $30,000 to a new all-time high of nearly $35,000, the cryptocurrency retraced heavily yesterday. As CryptoPotato...

Alibaba acquired the music streaming app Xiami back in 2013, whereby the app had been up and running since 2008. Shares of Alibaba Group Holding Ltd (NYSE: BABA) closed Monday trading at $227.85, down 2.10%. Meanwhile, they were down approximately 0.15% more during the after-hours trading session but is 0.55% up now in the pre-market. The drop coincided with an announcement from the online music arm of the company that it will close its Xiami music app next month due to lack of market demand....

Two more companies that could be affected by the recently proposed FinCEN crypto regulations, namely Square and Andreessen Horowitz, have confronted the legislation. Both believe that the industry requires clear rules but asserted that FinCEN has failed in its rushed attempt.Square Goes After The FinCEN Crypto RegulationsCryptoPotato reported recently that the US Treasury’s Financial Crimes Enforcement Network (FinCEN) came up with new regulations on Money Services Business (MSBs) that...

ADA price rallied above the $0.2000 and $0.2200 resistance levels against the US Dollar.The price is now correcting lower below $0.2100, but it is above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.1900 on the 4-hours chart (data feed via Kraken).The price is likely to remain well supported on the downside near the $0.1900 zone.Cardano price is slowly moving lower from well above $0.2200 against the US Dollar, similar to bitcoin. ADA...

Ethereum price started a strong surge above $850 and $1,000 against the US Dollar.ETH price is currently trading well above $1,000 and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $800 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher towards $1,150 and $1,200 in the coming sessions.Ethereum price is up over 30% in a few days and it broke the $1,000 level against the US Dollar. ETH/USD is consolidating...