Tag Archives: News

As the former Securities and Exchange Commission (SEC) chairman, Jay Clayton oversaw the financial agency for approximately four years. He came down hard on the industry many times, and initiated penalties to companies that claimed their securities were mere “tokens” or “coins” that the SEC held no jurisdiction over. Jay Clayton On the Future of Crypto However, despite this hardcore attitude, Clayton is quite positive about the future of crypto. He thinks that blockchain...

Clothing provider Pacsun has agreed to accept digital currency payments for goods and services. The company is just the latest in a string of firms to say “yes” to cryptocurrency payments and thus is pushing bitcoin and its digital counterparts closer towards their initial goals. Pacsun Says “Ok” to Crypto Payments While bitcoin and its crypto cousins have long served as speculative assets that traders can potentially get rich from, these currencies were initially...

A gold coin with a denomination of approximately 1,000 bitcoins was purchased in 2011. This is when bitcoin wasn’t trading for anywhere near the price it is at today. At the time, the coin was worth about $4,900. It stayed in a desk drawer for many years, ultimately forgotten about and lost to time. A Gold Coin and Bitcoin Fused Into a Special Asset However, now its owner – who wishes to remain anonymous – has pulled it out of that desk drawer and has had the currency...

It looks like the need to cater to institutions’ growing desire for crypto is getting bigger and bigger amongst standard financial institutions. U.S. Bank has just announced that it is unveiling a new crypto custody service that fund managers can use to store both private keys and digital assets. U.S. Bank Potentially Sees Crypto as Important The idea of banks and crypto mixing is an unusual one, primarily because they are both so different. For one thing, banks seek to...

Bitcoin has hit $50,000 per unit once again. The world’s number one digital currency by market cap has surged in recent days to a figure that it hasn’t seen in quite some time. Bitcoin Is Spiking Like Never Before As we have witnessed in the past, September tends to be rather bearish for bitcoin. This was never more evident than in 2020 when the digital currency – which was trading for about $12,000 per unit during August of that year – fell to about $10K just a month...

The city of San Jose, California has a new plan in place that is set to benefit crypto miners and lower income families within the area. The plan is that these families will qualify for free internet services for approximately one year while city officials join hands with a blockchain company to mine Helium. San Jose Is Making a Name for Itself in the Crypto Space The California Emerging Technology Fund (CETF) will purchase approximately 20 separate hotspots from the...

China has banned cryptocurrency. As one of the largest territories in Asia, one would think that the nation of China is setting the stones in place for a continent that has no desire or use for the world’s number one digital asset, but apparently, the situation has led to the exact opposite. Asia Is Moving Ahead as a Crypto Haven Despite China’s sudden hate for BTC, it looks like crypto activity in Asia has grown by more than 700 percent over the past few months, almost...

The prices of bitcoin and several leading altcoins have spiked over the past few days following an announcement from Jerome Powell – the chairman of the Federal Reserve – that the United States has no intention of banning crypto use. Bitcoin Is Doing Better Now That America Gives the Greenlight Several traders throughout America are likely breathing a heavy sigh of relief given that China has worked heavily to remove bitcoin from its turf, first by banning all miners and...

EOS price started a decent increase from the $3.65 zone against the US Dollar. The price is now trading above $4.20 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $3.98 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue higher if it clears the $4.80 and $5.00 resistance levels. EOS price is showing positive signs above $4.20 against the US Dollar, similar to...

Litecoin price found support near $140 and corrected higher against the US Dollar. LTC price is now trading above $162 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $148 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise towards $200 as long as it is above the $162 level. Litecoin price is recovering higher above $160 against the US Dollar, similar to...