Tag Archives: Cryptocurrency News

MUFG has been touting a cryptocurrency for over a year now.The digital currency will be used in a mobile payment service.The service could be rolled out by the end of 2020’s first half.A much-publicized plan by Japan’s biggest bank Mitsubishi UFJ Financial Group (MUFG) to launch a cryptocurrency has been scaled back. The financial giant will instead use the digital currency in a mobile payments business, according to Nikkei Asia Review. The mobile payment service employing the MUFG Coin as...

As cryptocurrency adoption continues to spread all over the world, several entities including corporate organizations and governments are gradually catching the crypto bug. Based on a report from a French financial media platform Les Echos, France has now joined a list of countries that have shown interest in the crypto sector and have taken it a step further with a decision to float their own digital currency. France will now test its crypto sometime in the first quarter of next year.During...

In a major turn of event at crypto startup Circle, Sean Neville will be stepping down from his role as the Co-CEO of the company. In an email secured by CoinDesk, Neville notified his decision during a quarterly meeting among the Board of Directors.Neville found this Boston-based peer-to-peer payments technology company in partnership with Jeremy Allaire, in 2014. While Neville decided to step down from the role of Co-CEO, he will continue as the company’s independent director.Neville has not...

In general, the fund that made a bet on different unknown coins is experiencing major troubles. The long-awaited “altcoin season” didn’t come.ICO Funds Related to Shitcoins are Receiving  the HeatAccording to the sources, ICO designated portfolios are losing most of the profits. Many of the funds keep the “illiquid, pre-launched” tokens which will only be launched at the end of 2019. However, this does not add those tokens any credibility.Instead, we see that privacy-oriented PoW coins are...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 765. Heute sprechen wir über folgende Themen: Bafin zum neuen Bitcoin Gesetz, Bargeld ade – EZB plant digitale Währung & Bakkt Chefin Kelly Loeffler wird zur US-Senatorin ernannt 1.) BaFin zum neuen Bitcoin Gesetz: Unternehmen können bald Antrag stellenhttps://cryptomonday.de/bafin-zum-neuen-bitcoin-gesetz-unternehmen-koennen-bald-antrag-stellen/ 2.) Die EZB plant eine digitale Währung – Bargeld wird langsam...

It seems that the biggest tech behemoth Microsoft in the world decided to enter the crypto space with the leading blockchain gaming project. It plans to use the ENJ token in order to back-up blockchain assets.The biggest technological company on Wednesday introduced Azure Heroes. It works as a rewards system using digital collectibles. In order for this to happen, Microsoft decided to partner with the blockchain gaming project Enjin to create a blockchain-based recognition program.As per the...

United States Governor from Georgia Brian Kemp on Wednesday officially appointed Bakkt CEO Kelly Loeffler to the U.S. Senate, where she will succeed current Senator Johnny Isakson.Some media already reported on Friday that Kemp was considering Loeffler and today it is confirmed that she will take office on January 1, 2020. Even though Isakson’s term ends in January 2023, Loeffler will have to run for election next year if she plans to serve past January 2021.Loeffler, a Republican, was...

Bitcoin processed $8.9 billion in a single hour, highest in its history.It shows how BTC can grow as an established store of value.VC investors foresee BTC evolving into a major asset due to its ability to transfer value.In a single hour, the Bitcoin network processed $8.9 billion in transactions. While most of it was change in addresses, it showed a glimpse of how BTC could perform as an established medium of exchange in the long-term. According to Glassnode co-founder Rafael Schultze-Kraft,...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.BTC and ETH are forming reversal patterns both on the RSI and the price charts. Of course, buying on the falling market is not always a good idea. To be sure, a buyer must see a breakout of the closest resistance lines. The other altcoins follow the leading assets but show no reversal patterns...

Bitcoin rose 10% in less than 10 minutes, causing $60 million worth of shorts to be liquidated.The sudden liquidation of large contracts fueled a spike to $7,800.Technical analysts remain cautious on the short-term trend of bitcoin.The bitcoin price surged 10% in just 10 minutes on Wednesday, lifting BTC as high as $7,800. The move liquidated $60 million worth of shorts on BitMEX in one of the strongest short squeezes in recent months. The bitcoin price jumped as high as $7,800 today. |...