Tag Archives: Altcoin News

Antivirus mogul John McAfee – who has repeatedly touted bitcoin, saying it will reach $1 million by the year 2020 – has a few harsh words for Libra.McAfee: Libra Is the Opposite of CryptoThe Facebook cryptocurrency appears to be getting on everybody’s nerves lately. Members of Congress have repeatedly taken aim at the project, saying that it could potentially open the door to money laundering and other malicious activity. They are also unclear as to how (or whether) Libra could potentially...

Libra just can’t seem to catch a break. Following months of haggling by U.S. lawmakers and European officials, a Romanian bank chief is adding his negative opinions to the mix, saying that Libra is “dangerous” and likely to do irreparable damage to the global financial infrastructure.Libra Is Getting Hit from All SidesDaniel Daianu, president of Romania’s Fiscal Council, says that if Libra ever does reach full potential, banks are likely to disintegrate overnight. He states:Cryptocurrencies...

Tron price is facing a major resistance near the $0.0200 and $0.0204 levels against the US Dollar.TRX price is struggling to stay above the key $0.0185 support area.There is a major bearish trend line forming with resistance near $0.0195 on the 4-hours chart (data feed via Bitfinex).The price could start a substantial decline if it fails to stay above the $0.0185 support area.TRON price is trading in a contracting range against the US Dollar and bitcoin. TRX price remains at a risk of a...

Ethereum price is struggling to surpass the $192 and $194 resistance levels against the US Dollar.ETH price is somehow holding the key $182 and $180 support levels.There is a major bullish trend line forming with support near the $184 level on the 4-hours chart (data feed from Coinbase).The price could start a sharp decline if it fails to stay above the $182 and $180 support levels.Ethereum price is showing a few bearish signs below $192 against the US Dollar. However, ETH price is still...

Facebook’s Libra cryptocurrency has been slated for a 2020 release, but according to top executive Kevin Weil, it will be decades before the currency is fully ready.Libra May Take Longer – Much Longer – Than Originally ThoughtAs vice president of product at Facebook’s Calibra digital wallet unit, Weil explained that while the currency itself may be ready relatively soon, the wallet system that’s backing it up will take much longer. He comments that the system is quite complicated, and...

Stellar lumen price is trading in an uptrend above the $0.0720 support area against the US Dollar.XLM price is currently correcting lower, but it remains well supported near $0.0740.There is a major bullish trend line forming with support near $0.0715 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside near the $0.0660 and $0.0650 levels.Stellar lumen price is showing many positive signs against the US Dollar and bitcoin. XLM price could continue to...

Ripple price is currently trading in a bearish zone below $0.2840 against the US dollar.The price is at a risk of more downsides below the $0.2700 support area.There is a key bearish trend line forming with resistance near $0.2810 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could only recover once it clears the $0.2810 and $0.2840 resistance levels.Ripple price is under pressure below the $0.2840 support against the US Dollar. XRP price might extend its...

Financial regulators in Australia are looking to put more pressure on Libra.Libra Is Getting Reamed… AgainA new report suggests that Facebook and Libra executives failed to follow proper Australian protocols. This is raising concerns with members of the Australian government, who are now looking to learn all they can before the currency is set to debut in 2020.Facebook’s Libra has had a rocky history. The coin was first introduced back in June of 2019 to rather lackluster reception. The...

Kim Dotcom will not be able to issue his new cryptocurrency.Dotcom Will Not Get His Upcoming ICOThe plan was that Dotcom would garner the funds he needs to launch the new currency through an initial coin offering (ICO) hosted by Bitfinex, a popular cryptocurrency exchange that is arguably surrounded by as much controversy as Dotcom himself.As it turns out, Bitfinex is getting a little worried about all the regulatory uncertainty meandering through the crypto space as of late and doesn’t want...

Stable currencies are all the rage as of late. However, most are allegedly backed by fiat money such as the U.S. dollar, the euro, the yen and the yuan. Less often do we encounter coins backed by precious metals or similar commodities, and Coin Shares Group is looking to change that.Stable Currencies Are Growing in PopularityBased in London, Coin Shares is a company that specializes in stable coins. The company has recently released a new product its dubbing DGLD, which is a form of gold...