Tag Archives: Cryptocurrency News

Authoritarian China has unironically banned criticism of blockchain technology. The move comes after President Xi Jinping publicly called for more blockchain research. The crypto industry remains divided about China’s sudden pivot. In one of the biggest U-turns in crypto history, China professed its love for blockchain. Now, the nation is going as far as to penalize anyone who dares oppose it. Chinese President  Xi Jinping recently rocked the crypto industry with a speech exalting...

XRP daily transactions are skyrocketing ahead of its most anticipated conference. XRP could surge significantly, according to a renowned technical analyst. The lack of regulatory clarity in the U.S. about cryptocurrencies is affecting innovation. The number of daily transactions on the XRP network is reaching levels not seen since 2018. Meanwhile, Ripple is preparing to host its annual conference, Swell. Despite the hype around the event, this cryptocurrency is drifting sideways, as traders...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.The buyers managed to demonstrate a good bounce upwards. Currently, such assets as the Bitcoin or Bitcoin Cash promise interesting growth. While on the BCH/USD chart there seems to be a reversal Head and Shoulders pattern forming, hinting on further growth, the Bitcoin is yet preparing for leaving the borders of the channel and go on rising confidently.Unfortunately, the Ethereum, Litecoin, and EOS remain under pressure....

The cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a lot more focus on increasing the use cases for Bitcoin (BTC) than most of the others. However now, stablecoins including DAI and Tether’s USDT, are starting to game some traction with traditional institutions for everyday use cases.DAI AdoptionAccording to reports, the DAI stablecoin can...

Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world – has secretly made an official application with the United States Securities and Exchange Commission (SEC), to float an initial public offering (IPO). The move is also said to be fully backed by a German multinational financial services company, Deutsche Bank.Because it is supposedly a secret filing, there aren’t...

The funding round raised $10 million for the crypto startup specializing in token sales. The move comes months Twitter CEO Jack Dorsey launched Square Crypto. The startup could turn out to be a competitor to Cash app. Months after announcing a Bitcoin-focused initiative by the Square financial services firm (Square Crypto), Twitter CEO Jack Dorsey is doubling down in the space by investing in token sales management platform CoinList. According to the Wall Street Journal, Dorsey recently...

eToro, one of the world’s most popular trade and investment platforms, has unveiled a new feature that is now available to customers in the U.S. and is called CopyTrading. The new feature was created to make trade and investment decisions very easy or even completely remove the need to make them. CopyTrading allows eToro’s customers to mimic investments moves made by some of the most popular and most trusted traders with this mimicry done automatically without any active moves from the...

Photo: CoinGecko / InstagramCoinGecko, a coin market ranking chart aggregator that provides a fundamental analysis of the crypto market, has announced it is preparing to roll out its own section for monitoring cryptocurrency derivatives. According to the company, its offering will be the first of its kind.Announcing: CoinGecko Derivatives! ??At a glance, you'll see aggregated data for the derivatives market including pricing, funding, open interest, volume and more!Currently covering over...

The blockchain startup Ripple is currently facing some major regulatory hurdles as investors have raised questions over the state of XRP being securities. To tackle this matter at hand, Ripple has brought some financial industry heavyweights to its board.In one such move, Ripple has recently appointed ex Bank of America executive – Benjamin Melnicki – as its head of Regulatory Affairs. Melnicki’s job at Ripple will be communicating and maintaining absolute transparency regarding Ripple’s...

In a follow up to what is seen as a follow up to the Chinese blockchain technology buildup, the People’s Bank of China has introduced a regulatory unit under the auspices of the central bank to regulate digital payments, blockchain products and fintech services that center around decentralized finance within the country.Sources indicate that under the new agency, a new system has been put in place to certify about 11 different categories of financial products which are both hard and soft....