Tag Archives: News

Gary Gensler and the Securities and Exchange Commission (SEC) are really feeling the heat when it comes to developing new regulations surrounding the bitcoin and blockchain spaces. The agency is now working “overtime” as CNBC puts it to establish a new set of crypto-related rules designed to pause volatility and potentially keep traders (and their money) safe. Gary Gensler Is Now Under the Gun Gensler has commented in a recent statement that while he wants the space to...

El Salvador is reporting that more than half a million residents are using the new Chivo wallet system, which is designed to assist in the country’s rollout of bitcoin as an official legal tender. El Salvador Doesn’t Have Much to Brag About This would be fine and dandy except for one thing… El Salvador has more than 6.5 million residents. Thus, many individuals are either still not trusting bitcoin enough to use the wallet, or there are too many problems with the...

As altcoins spike heavily in recent weeks, many analysts and crypto heads are worried that the digital currency space is heading into dangerous territory similar with what it saw last May. Altcoins Are All the Rage Right Now About four months ago, the digital currency arena saw many assets spiking unexpectedly. Bitcoin, for example, had just reached a new all-time high of approximately $64,000 per unit, while Ethereum also hit a new peak of about $4,000. Many altcoins...

Stellar lumen price started a strong decline from the $0.3400 resistance against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3300 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a break below the $0.2800 and $0.2720 support levels. Stellar lumen price is gaining bearish momentum below $0.3000 against the US...

Ripple price started a strong decline from the $1.12 resistance against the US dollar. The price is now trading below $1.05 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $1.06 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its decline below $0.9500 as long as it is below $1.12. Ripple price is showing bearish signs below $1.05 against the US Dollar, similar to...

It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30. China Is Still Kicking Miners Out China shocked the world not too long ago when it decided that all crypto mining should...

Over the past few months, the idea of adding bitcoin or crypto to one’s retirement account has really picked up steam. There are many individuals out there that are looking for ways to diversify their portfolios as a means of preparing for retirement later in life, and thus they are looking to add cryptocurrencies to an IRA or similar product. a Crypto-Based IRA Doesn’t Have That Many Possibilities For many, inflation has become a very scary reality. Prices of goods and...

Square – a payment firm run by the head of Twitter Jack Dorsey – is joining a non-aggression pact against cryptocurrencies. The pact is designed to reduce patent lawsuits against crypto and blockchain companies and push the world of digital currency more toward mainstream territory. Square Wants Crypto Companies to Work Together The pact is known as the Open Invention Network, in which members like Square can pledge royalty-free access to certain patents, data, and...

Many crypto analysts have emerged to state that despite recent dips in the bitcoin price, they believe the world’s number one digital asset is going to rise from the ashes and potentially reach a rather high number in the coming weeks or months. One such figure is Tone Vays, a known crypto analyst that believes bitcoin could reach $100,000 rather soon. Tone Vays On BTC: It’s Going Down, Then Up In a recent interview, Vays commented that bitcoin’s recent behavior is...

Interactive Brokers Group Inc. – a trading firm based in Greenwich, Connecticut – is opening its new cryptocurrency division. Interactive Brokers Says “Yes” to Digital Currency Customers of the firm will soon be able to trade and buy up to four different cryptocurrencies. They are bitcoin, bitcoin cash, Ethereum, and Litecoin. The company has stated that competition is growing given that many standard banks, hedge funds, and financial institutions are seeing their...