Tag Archives: News

Sun Kissed Industries, Inc.’s Numuni Inc. subsidiary says that it sees bitcoin mining as a key source of revenue for its digital media platform.Numuni Is Getting Into Mining At an Odd TimeThe company works to ensure digital content creators garner funds for their work. The company recently put out a statement suggesting that it may get into bitcoin and cryptocurrency mining in the coming weeks, though it’s probably not thinking everything through.For one thing, miners are about to lose a lot...

Cascadia Blockchain Group Corp. in Vancouver has announced that it has developed a new payment system that would allow for crypto to fiat transactions.Cascadia Empowers Crypto to Fiat PaymentsThe entire payment platform would be powered through debit cards, which would contain the fiat currency that has come from the digital coins in question. Once digital coins are transformed into fiat, they are stored on cards that the customers keep in their wallets. They can then be used for purchasing...

ADA price is trading nicely in a bullish zone above the $0.0450 pivot level against the US Dollar.It is now approaching a major resistance zone near the $0.0495 and $0.0500 levels.There is a major contracting triangle forming with resistance near $0.0495 on the 4-hours chart (data feed via Kraken).The price could either rally above the $0.0500 resistance or correct towards the $0.0400 support.Cardano price is currently consolidating below key resistances against the US Dollar, similar to...

Bitcoin price is currently consolidating gains above the $8,520 pivot level against the US Dollar.It is currently facing a major resistance near the $9,100 and $9,200 levels.There is a major contracting triangle forming with resistance near $9,110 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,100 and $9,200.Bitcoin price is showing bullish signs above $8,800 and $8,520 against the US Dollar. BTC is...

Binance – the world’s largest and most popular cryptocurrency exchange by trading volume – has issued a new report praising Libra.Libra Gets Touted by a Major ExchangeThe exchange refers to Libra as a “gamechanger” in the payments industry and believes that it could potentially bring financial services to people who would otherwise always be cut out by banks and traditional finance institutions. The report explains:It is important to note that there are very few payment systems, and most of...

The Libra Association has garnered a new addition to its family in the form of Checkout.com.Libra Is Growing AgainThe company announced last Tuesday that it would step aboard the Libra Association and serve as a governing member. In the future, Checkout.com will serve as one of the Libra leaders and help the organization assert governing regulations for how the currency can be used and what it can be used on.In a statement, the company announced:The Libra project holds the promise of...

Andreessen Horowitz (a16z) – a well-known venture capital firm – has announced it will be creating a second fund devoted entirely to digital currencies.a16z Creates Fund Number TwoThe company says it’s looking to center its focus on new use cases for digital assets including decentralized finance, payment systems and content monetization. The firm first gave rise to a cryptocurrency fund back in June of 2018. Approximately $300 million was invested in it. This second fund will be worth more...

Tron price is trading in a bullish zone above the $0.0150 support against the US Dollar.TRX price is currently facing a strong resistance near the $0.0165 and $0.0166 resistance levels.There is a major bullish trend line forming with support near $0.0156 on the 4-hours chart (data feed via Bitfinex).The price could correct a few points, but it is likely to remain well bid above $0.0155.TRON price is trading in an uptrend above $0.0150 against the US Dollar, similar to bitcoin. TRX price could...

Ethereum price is trading nicely above the $198 and $200 support levels against the US Dollar.ETH price is likely to break the $214-$215 resistance region for a fresh rally.There is a major bullish trend line forming with support near $201 on the 4-hours chart (data feed from Coinbase).The pair could correct a few points, but it is likely to remain well bid above the $200-$201 zone.Ethereum price is trading in an uptrend above the $200 support against the US Dollar. ETH/USD is likely to break...

Members of Congress are urging Treasury Secretary Steven Mnuchin to use the blockchain to send out Americans’ stimulus payments.Will Blockchain Empower the U.S.?The request is coming a little late considering about 80 million people have already gotten their stimulus money by direct deposit. In addition, several other checks are already in the mail and making their way to recipients’ homes. That said, it’s an interesting notion that the U.S. Congress is becoming so “blockchain focused.”It was...