If confirmed, Michael Barr would be the second appointee to the OCC with crypto experience.Reports emerging from the Wall Street Journal say that the new American president Joe Biden appears ready to appoint a former crypto executive into the Office of the Comptroller of the Currency (OCC). According to the report, President Biden would be nominating Michael Barr, who at one time served as a member of the board at Ripple.The report also identified that President Biden considered appointing...
Read More »Litecoin (LTC) Price Analysis: Holding Uptrend Support at $140
Litecoin price struggled to clear the $165 resistance and corrected lower against the US Dollar.LTC price is trading close to the $140 support zone and the 55 simple moving average (4-hours).There is a major rising channel forming with support near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either start a fresh increase towards $165 or decline heavily below $140 in the near term.Litecoin price is struggling to gain bullish momentum above $150...
Read More »Ripple Co-founder Sells 28M XRP, Company Awaits Biden’s Administration
Stu Alderoty’s sense of buoyancy was also highlighted in the post as he revealed that he believes Biden’s administration would make crypto regulation one of their top most priority over the next four years.According to reports, Stu Alderoty, general counsel for Ripple has said that Biden’s administration will be the next big thing for the cryptocurrency. A post on the company’s website which included comments from key executives revealed that Ripple is predicting a “renewed focus on crypto...
Read More »Deutschland: BaFin warnt vor Bitcoin-Hype
Die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) ist eine rechtsfähige deutsche Bundesanstalt mit Sitz in Frankfurt am Main und Bonn. Sie untersteht der Rechts- und Fachaufsicht des Bundesministeriums der Finanzen. BaFin warnt Verbraucher vor Risiken bei Investments: Die BaFin nimmt die Kursentwicklung auf den Märkten für Kryptowerte zum Anlass, Verbraucherinnen und...
Read More »Ripple Price Analysis: XRP Consolidating Below $0.30, Big Move Inbound?
XRP/USD – XRP Bulls Holding .618 Fib SupportKey Support Levels: $0.263, $0.25, $0.23.Key Resistance Levels: $0.3, $0.32, $0.35.XRP might be down 11% over the past week after falling from resistance at the 200-days EMA, but the cryptocurrency is still trading within a consolidation pattern known as a symmetrical triangle.Over the past four days, XRP has managed to remain supported by the .618 Fib Retracement at around $0.263 and has recently rebounded from here. The cryptocurrency still has a...
Read More »Bitcoin Price Battles for $36K As Market Cap Reclaims $1 Trillion (Market Watch)
BTC’s somewhat adverse weekend ended with the asset bottoming below $34,000, but bitcoin has bounced off since then and topped $36,000. New all-time highs for Binance Coin and Chainlink have helped the market cap to conquer the coveted $1 trillion level again.Bitcoin Tops $36KThe primary cryptocurrency was riding high above $38,000 before the weekend, but the bears didn’t allow any further increases. Just the opposite, they drove BTC’s price south on a few occasions.The asset dipped to...
Read More »Ripple Price Analysis: Risk of a Sharp Drop Below $0.265
Ripple price is showing a lot of bearish signs below the $0.3000 level against the US dollar.The price is still holding the key $0.2550 support level, but it is well below the 55 simple moving average (4-hours).There is a major contracting triangle forming with support near $0.2720 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a strong decline if it breaks the $0.2720 and $0.2680 support levels.Ripple price is struggling to start a decent recovery...
Read More »Another Bruise for Ripple as Grayscale Customers Say Goodbye to XRP Trust
Ripple and XRP are continuing to lose the love they once boasted thanks to the recent lawsuit initiated by the Securities and Exchange Commission (SEC).Ripple Is Losing Out AgainThe financial firm recently filed charges against Ripple on account that the XRP asset it hosts is alleged to be a security rather than a currency by agency heads. Thus, according to the organization, Ripple has not been forthcoming regarding the coin’s status and engaged in an illegal token sale when XRP was first...
Read More »Top 30 Cryptocurrencies Gained 300% on Average in 2020: Report
In its annual report on the developments within the cryptocurrency field, the popular monitoring resource CoinGecko asserted that the top 30 coins by market cap added on average 300% in 2020. Moreover, the paper noted that the most widely-used stablecoins had neared $30 billion in circulation after a 440% surge.2020: Best Price PerformersCoinGecko’s report noted that the market caps of the top 30 cryptocurrency assets grew by $552 billion (308%) in 2020. Thus, last year’s results have...
Read More »Bitcoin Tumbled $3500 In 24 Hours: Altcoins On The Rise As BTC Dominance Drops To 66%
Bitcoin’s bloody weekend continued with substantial price declines as the primary cryptocurrency dipped beneath $35,000, for the second time in 3 days. In contrast, remarkable gains for Cardano (ADA) and another all-time high for Polkadot have sent BTC’s dominance over the market to about 66%.Bitcoin Loses More Than $3K In 24HJust a few days after the Monday crash, in which BTC bottomed slightly above $30K, the cryptocurrency managed to recover most losses and even tried its hand at $40,000...
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