Tag Archives: News

On Wednesday, Bitcoin jumped 9.92% from the day low of $7,080 to $7,775 during only 5 hours of the trade. However, at the end of the day, the price closed at $7,199. The Bitcoin price seems to be slowing down every time it meets resistance at $7,800 and cannot set a higher high above $8,000. Traders can see that the highest volume happened when the prices were $8,040 and $7,850. However, since prices started to drop as soon as they reached those heights, it can be presumed that the next bull...

The European Union has finally made its position clear on the issue of global stablecoins being deployed and used within its borders. The Council and the Commission explained their position in a joint statement. While the authorities acknowledged the importance of technological innovations which can be of great advantage to the financial sector, they also acknowledged the problems and risks that come from such an arrangement. They include money laundering, cybersecurity, privacy consumer...

As 2019 draws to a close, many analysts and other players in all of the world’s different markets, are taking a hard look at the last eleven months and trying to make a forecast for 2020. All the ups and downs with stocks and investments that have happened in one year are usually used as base points to form a prediction for the following year. While things have not been exactly terrible in 2019, American multinational investment bank and financial services giant Citigroup Inc. has predicted...

Cryptocurrencies continue to make strong inroads in the global economy as even the global governments and banks have started experimenting with crypto assets. In its latest report dubbed Imagine 2030, Deutsche Bank analyst Jim Reid said that cryptocurrencies will dominate and replace fiat currencies over the next decade. With economic uncertainty brewing up all across the globe, Reid believes that government-backed fiat currencies won’t be sustainable. He said that there is a surge in demand...

With all the advancements currently being made in the crypto industry, there is a constant need for continuous sensitization and education as this is probably the only way to ensure that the sector maintains an increasingly robust growth. This need for important knowledge has been recognized by popular crypto personality Mati Greenspan, who used to be the senior financial market analyst at the eToro trading platform. Greenspan will now begin to make training videos on Bitcoin trading along...

Premier cryptocurrency lending service BlockFi has introduced a new feature. It is trading at no fees for Bitcoin, Ethereum and the stablecoin GUSD. The startup has been known to allow users access to returns on their cryptocurrency holdings by offering loans to borrowers against users’ cryptocurrency holdings and then passing across the returns in terms of interest on the loans while securing the crypto assets that were used as security for the loans.  While this model is known to have been...

Blockchain startup Ripple has been engaged in a long going battle with complainants claiming XRP as a security. However, it seems that the company wants to put an end to this debate and reach a final settlement. In its latest filing on December 4, with the U.S. District Court for the Northern District of California, Ripple said that the plaintiffs suing the company over the unregistered sale of security tokens (XRP) have brought the case too late. In the filing, Ripple says that even if XRP...

Bitcoin cash price is facing a strong resistance near the $212 area against the US Dollar.The price is showing a few positive signs above the $202 and $192 support levels.There is a crucial bearish trend line forming with resistance near $212 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a strong rise if it breaks the $212 and $215 resistance levels.Bitcoin cash price is likely approaching the next key break against the US Dollar. BCH/USD must surpass...

It seems that this year hasn’t been nearly enough for Apple. According to the recent forecasts from the famous Apple analyst Ming-Chi Kuo, the company plans to release five new iPhone models next year. In a research note with TF International Securities, Kuo drafted his presumptions for a new phone dubbed iPhone SE 2. As Kuo predicts, it could come with a 4.7-inch LCD display in the first half of 2020. After SE 2 comes a higher-end all-OLED lineup comprised of 5.4-inch, two 6.1-inch, and...

A blockchain-powered financial services startup Figure Technologies founded by former SoFi CEO Mike Cagney, announced it has closed a $103 million Series C round. But, that is not all folks. It has also added Morgan Creek Digital’s Anthony “Pomp” Pompliano, one of the sector’s most vigorous supporters, to its board. That’s not a consequence because, according to the company’s announcement, the round was also led by Morgan Creek Digital, with participation from MUFG Innovation Partners and...