Tag Archives: Cryptocurrency News

LG is expected to join Samsung in the crypto space and provide consumers with a choice. | Image: ShutterstockBlockchain has become a buzz word for companies looking to make a big splash and generate a fair amount of publicity.  This has been the case for several industries over the past few years and it’s now true for the smartphone industry.Samsung and HTC were the first smartphone makers to fully embrace cryptocurrency and its related DApps, and it now appears that LG is ready to join...

Senegalese-American Akon offers his take on bitcoin during a radio show. | Source: REUTERS/Thomas MukoyaSinger Akon has rubbished the common perception that cryptocurrencies such as Bitcoin are too volatile. Per the U.S. musician, crypto enjoys more stability relative to fiat currencies.Speaking in a radio interview on the Breakfast Club, Akon defended the volatility that Bitcoin skeptics regularly cite for their negative attitude towards crypto saying that “Believe it or not the...

Facebook's fiat-pegged 'cryptocurrency', the Libra, may reportedly avoid including China's Yuan among its list of supported state currencies. | Source: ShutterstockThe basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan.According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar.Facebook offered up this potential list after Virginia Democratic Senator,...

A big pullback awaits if bitcoin slips below a key psychological level, according to traders. | Source: ShutterstockThe bitcoin price has dropped from $10,968 to $10,285 in the past three days. If BTC fails to remain above $10,100, traders anticipate a bigger pullback below the $10,000 level.Since early August, the bitcoin price has demonstrated volatility within a large range between $9,400 to $10,900, unable to break above or below key resistance or support levels.The bitcoin price (BTC)...

Incoming European Central Bank President Christine Lagarde advocates for an open approach to cryptocurrency regulation. | Image: ShutterstockChristine Lagarde, the chairman of the International Monetary Fund (IMF) and presidential nominee for the European Central Bank (ECB), has urged regulators to remain “open” to the opportunities presented by distributed ledger technology when developing crypto regulations.During a statement delivered to the Economic and Monetary Affairs Committee of the...

SEC Chairman Jay Clayton suggests that a bitcoin ETF may be approved once price-manipulation concerns are addressed. | Source: REUTERS / Brendan McDermidSEC Chairman Jay Clayton says the agency is inching closer to finally approving a bitcoin ETF. However, he warns that more work needs to be done to deter price manipulation and ensure a transparent market.Clayton made the assertions during a CNBC interview with Bob Pisani (video below). Pisani asked if we're any closer to seeing a bitcoin...

Bakkt CEO Adam White said that his firm's "Bitcoin Warehouse" will be revolutionary "like the...ATM." | Source: ShutterstockLast week, Bakkt opened its "Bitcoin Warehouse" for the storage of customer deposits and withdrawals ahead of its Bitcoin Daily & Monthly Futures launch later this month. Now, Bakkt CEO Adam White is waxing poetic about the revolutionary effect he expects it to have on the financial industry when it goes live on September 23.Today our Warehouse opens for customer...

When crypto giant Ripple sent 100 million XRP to Jed McCaleb, the transaction did more than just make its long-departed co-founder $26 million richer. | Source: ShutterstockWhen crypto giant Ripple sent 100 million XRP to Jed McCaleb over the weekend, the transaction did more than just make the project's long-departed co-founder $26 million richer. It also sent the so-called "XRP Army" into a tizzy.Why Ripple Is Paying XRP to a Rival Cryptocurrency's FounderMcCaleb, who had a messy breakup...

Bitcoin price makes a retreat on Sunday's trading. | Source: ShutterstockThe bitcoin price dropped from $10,968 to $10,252 over the weekend within a two-day span by more than six percent against the U.S. dollar.Bitcoin price dropped by more than six percent since weekly high at over $10,900 (source: coinmarketcap.com)Previously, when the bitcoin price initially made its way to $10,900, a level that has been considered to be a heavy line of resistance since early August, some technical...

An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: ShutterstockMany armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term...