Crypto EcoBlog
Stellar lumen price rallied this past week above the $0.0800 resistance area against the US Dollar.XLM price even broke the $0.0900 level and recently started a nasty decline below $0.0800.There is a declining channel forming with resistance near $0.0680 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more losses and it could even revisit the $0.0570 support area.Stellar lumen price is back in a bearish zone after a massive rally against the US Dollar. XLM price...
Read More »Ripple Price Analysis: XRP Approaching Crucial Buy Zone Near $0.2650
Ripple price climbed higher sharply after it broke the $0.2650 resistance against the US dollar.The price is currently correcting lower after it posted a new monthly high near $0.3260.There is a major bullish trend line forming with support near $0.2680 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well supported on the downside near the $0.2680 and $0.2650 levels.Ripple price is currently under pressure below $0.3000 against the US Dollar. However, XRP...
Read More »Libra Still Set for a 2020 Release Despite Regulatory Hurdles
Despite all the regulatory hurdles and all that hate that has come from both domestic and international lawmakers, Libra, Facebook’s controversial new cryptocurrency, is still proceeding with a 2020 launch. Libra Is Still Moving AheadLibra was first announced in June to widespread criticism. As Facebook was just beginning to relieve itself from its previously embarrassing fiasco involving Cambridge Analytica in 2018, the company unveiled new plans for a cryptocurrency that could be used as a...
Read More »Colombia Seeks to Up the Ante on Crypto Legislation
Latin American countries such as Colombia are top havens for bitcoin and cryptocurrencies. Unfortunately, what these countries don’t always have are the right regulatory tactics, but some are looking to change that. Is Colombia Looking to Change Itself?In the past, companies like Paxful have done their best to increase the number of bitcoin ATMs present in the country, and for the most part, they’ve been successful. In addition, Colombia has increased its use of altcoins like Ethereum and...
Read More »Is North Korea Building a National Digital Coin?
North Korea is developing its own national digital currency. The trend follows a long list of other countries, predominantly in Asia and the Middle East such as Iran and China and is likely an attempt to thwart present U.S. sanctions. North Korea and Crypto: A Scary Mix?It’s hard to know how to feel about news like this. On the one hand, any national venture involving digital assets is likely to propel the industry forward, but at the same time, what does North Korea plan to do with this...
Read More »These are the 17 Crypto Assets, Telegram Included, Coinbase Wants to List
About 17 new crypto assets could soon be listed on Coinbase depending on how the technical and compliance review goes. Among the cryptocurrencies that Coinbase is considering for listing include coins that are yet to launch such as Gram that is fronted by messaging platform Telegram and Chia which was founded by the creator of torrent client BitTorrent, Bram Cohen. The other coins are Avalanche, Celo, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid,...
Read More »Why Some Consider Ties to Craig Wright Controversial
Craig Wright has been at the center of controversy for some time in the crypto industry. That controversy is spreading so far that even those with basic connections to the Australian bitcoin developer are being ousted by “high-ranking crypto officials.” Is a Connection to Wright Looked Down Upon?One such person is Core Scientific CTO Kristy-Leigh Minehan, who was on the verge of speaking at the upcoming ETC Summit only to be disinvited at the last minute. The rejection came by way of ETC...
Read More »Ripple Files Motion for Court to Toss XRP Securities Lawsuit
Ripple, the cryptocurrency firm behind the XRP token, has requested a federal court dismissal of a class-action lawsuit; all while ignoring one major issue, XRP's security status. The original lawsuit was first launched back in early 2018, by a handful of disgruntled XRP investors. The plaintiffs claimed that Ripple violated securities laws during the initial offering of the token; stating that XRP was intrinsic to Ripple's operational integrity. The relationship between XRP and Ripple has...
Read More »Bitcoin Cash Analysis: BCH Back In Uptrend, Could Breach $340
Bitcoin cash price started a solid upward move above the $300 resistance against the US Dollar.The price is currently trading below the $325 and $330 resistance levels.There is a major bullish trend line forming with support near $308 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair could continue to rise as long as it is above the $300 support area.Bitcoin cash price is gaining momentum above $310 against the US Dollar. If BCH/USD clears the $330 resistance it could...
Read More »“ETH Architect” Steven Nerayoff Committed “Old-Fashioned Shakedown”
Former Ethereum advisor Steven Nerayoff and his assistant Michael Hlady have been arrested and charged with extorting millions of dollars in crypto funds.Nerayoff Facing Jail Time?The Justice Department has released a statement about the incident, claiming that both men were threatening to “destroy a startup cryptocurrency company if they were not paid millions of dollars” in ether tokens. U.S. Attorney Richard Donoghue explains: As alleged, Nerayoff and Hlady carried out an old-fashioned...
Read More »