Tag Archives: News

Litecoin price is sliding and it is now trading well below the $45.00 level against the US Dollar.LTC price is under pressure and it could struggle to recover above $44.00 and $45.00.There is a major bearish trend line forming with resistance near $44.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $42.80 and $42.50 levels in the near term.Litecoin price is showing a lot of bearish signs against the US Dollar and...

The New York Department of Financial Services (NYDFS) said that it will soon introduce changes and upgrade its virtual currency license famously known as BitLicense. In the cryptocurrency community, NYDFS is well-known for already having a strict set of rules setting the highest regulatory benchmark standards.On Wednesday, December 11, Superintendent Linda Lacewell announced that the regulator will modify rules for the approval process of new digital currencies. Under the existing set of...

Jack Dorsey starts with the memories of the early days of Twitter. When it was decentralized and some people were saying they should continue that way. Yet, the dangers of the modern Internet influenced the development and Twitter was intensively centralized to solve several troubles.However, now Twitter CEO is seeing some new challenges and he claims that centralized social media cannot solve them. For instance, centralized enforcement of global policies cannot address abuse and misleading...

Last week, Live Bitcoin News reported on a story involving a cryptocurrency exchange known as Dunamis Coins Resources Limited, based in Uganda. The exchange was under fire from users who say they were duped into providing money to the business as part of a shady job application process.Case of Uganda Exchange Grows LargerThe exchange was requiring all those interested in seeking consideration for its crypto and blockchain-based jobs to donate $5. The trouble was that about a month later, the...

According to crypto analyst “Dave the Wave,” bitcoin’s price could reach $170,000 by the year 2028.Dave the Wave: The Big Numbers Are ComingAt first glance, the news is a little disappointing. For one thing, many people – including venture capitalist Tim Draper – are predicting larger prices for bitcoin within shorter timeframes. In the past, Draper has gone so far as to say that BTC would reach $250,000 by the year 2022. This was later switched to the year 2023, but even still – that’s a...

It’s no secret that billionaire Mark Cuban is not a huge fan of bitcoin or cryptocurrencies. Now, however, he appears to be taking his criticism to an even higher level.Mark Cuban Still Isn’t Cool with BTCCuban recently commented that bitcoin could never be “used as a reliable currency.” Among his main points is that bitcoin, at the time of writing, is considered more of a “collectible” that actual money. People collect units of BTC as a means of expanding their wealth. It’s more of a...

Sports footwear and apparel company Nike announced it has been given a patent to tokenize its shoes on the Ethereum blockchain.In a document posted on the U.S. Patent and Trademark Office on December 10, Nike stated that its plan to generate unique IDs and create ERC 721 tokens for some shoes, dubbed CryptoKicks.When buying shoes, people will be able to “unlock” these tokens and then link them with unique owner IDs to confirm ownership. The token will not be used only as a representative of a...

Based on the recently revealed information, we all can make a conclusion about the passion of the second-largest bank by assets the Chinese Construction Bank (CCB) to blockchain. Sources indicate that CCB has introduced a refactoring platform that is to run totally on its own blockchain. The platform is aimed at corporate clients in the business of factoring and its goal is to improve operations and reduce risks and costs at the same time.Factoring is a fund-raising model where invoices from...

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.Judging by the charts of the main crypto instruments, the bears are still at the wheel. However, it should be noticed, that the angle of the decline is becoming less and less steep every day, which means a certain weakening of the trend. The picture on the charts may be hinting that the long but...

Pre-orders for Apple’s new Mac Pro desktop computer officially began yesterday. The Mac Pro which was initially announced at the Apple Worldwide Developers Conference (WWDC) in June is priced at $5,999 for the desktop unit alone. Unlike many desktop computers especially with Windows, the Mac Pro’s 6k Pro Display XDR monitor is sold separately for an interesting $4,999, pushing the price of both units up to $11,000. However, this price seemingly only gets you the bare minimum and if you want...