Tag Archives: News

The Chinese digital yuan is now a thing of reality. Following what has been a lengthy period of testing, the People’s Bank of China has launched approximately $1.5 million worth of the virtual currency.The Digital Yuan Is Being Released on 50,000 PeoplePrior, the digital yuan was being tested through American businesses such as Subway, but now, it looks like the currency has entered a whole new phase of its development process. The currency’s pilot program saw the Shenzhen Municipal...

At the time of writing, the price of bitcoin is up another $200. The currency is now trading for over $11,500, marking the coin’s highest peak in well over a month.Bitcoin Has Reached a New HighThe currency is recovering from a rather lackluster September that saw the asset lose roughly $2,000 off its price. Bitcoin hit the mid-$12,000 range in late August, though by the time the new month began, the currency had fallen to about $10,100. The asset hovered here for some time, eventually...

ADA price is gaining pace above the $0.1000 and $0.1100 resistance levels against the US Dollar.The price is trading nicely above the 55 simple moving average (4-hours) and $0.1100.There was a break above a short-term declining channel with resistance near $0.1080 on the 4-hours chart (data feed via Kraken).The price is likely to further rally and accelerate higher if it clears the key $0.1150 resistance.Cardano price is showing positive signs above the $0.1100 level against the US Dollar,...

Ethereum price extended its rally above the $375 resistance zone against the US Dollar.ETH price is currently trading well above $370 and the 55 simple moving average (4-hours).There was a break above a key bullish flag pattern with resistance near $375 on the 4-hours chart (data feed from Coinbase).The pair is currently consolidating gains, but dips are likely to find support near $365.Ethereum price is showing positive signs above $365 and $375 against the US Dollar. It seems like ETH/USD...

Cryptocurrency is coming to the big screen. Academy Award-winning actress Kate Winslet – who won the Oscar for her portrayal of a Nazi soldier in hiding in 2008’s “The Reader – has announced her plans to star in and produce a film about One Coin, the crypto Ponzi scheme founded in 2014.Kate Winslet Is Bringing Crypto to American TheatersEntitled “Fake!” the movie is based on an upcoming book set to be released by Jen McAdam and Douglas Thompson. The book tells the story of McAdam’s...

Mobile crypto wallet BRD has announced that it’s garnered roughly six million customers over the past five years, reaching a new record.BRD Users Have Exploded In Two Big RegionsExecutives claim that the companies biggest client bases are now in Latin American countries and in India, which presents two contrasting issues facing the crypto world. On the one hand, Latin America has been a growing base for cryptocurrency representation and usage. Cryptocurrencies such as Dash and bitcoin have...

Former Facebook executive Chamath Palihapitiya says that bitcoin is the only insurance policy available today against inflation and other economic strife.Palihapitiya: We All Need Some BitcoinIn a recent interview, Palihapitiya commented that while many bitcoin advocates are struggling to understand who is better for the economy in this coming election – either Trump or Biden – he says that neither candidate will do well for the U.S. dollar. In a classic prediction of gloom and doom, he...

Stellar lumen price seems to be gaining pace above $0.0750 against the US Dollar.XLM price is currently trading well above $0.0765 and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.0738 on the 4-hours chart (data feed via Kraken).The pair could accelerate higher once it clears the $0.0785 and $0.0800 resistance levels.Stellar lumen price is showing bullish signs above $0.0750 against the US Dollar, similar to bitcoin. XLM...

Ripple price is gaining pace above the $0.2480 and $0.2500 resistance levels against the US dollar.There is a key bullish trend line forming with support near $0.2480 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to climb further above $0.2600 as long as it is above $0.2455.Ripple price is trading is a positive zone above $0.2500 against the US Dollar. XRP price is likely to continue higher if it clears the $0.2600 resistance zone.Ripple Price...

It looks like Square and bitcoin are really complementing each other. After the company had purchased roughly $50 million in bitcoin units, the firm’s stock shares have reached an all-time high, and it looks like bitcoin is beginning to pull itself out of its September doldrums and reach for the stars once again, having hit a price of roughly $11,300 at the time of writing, the highest it’s been in over a month.Square Stock Reaches Its Highest PeakSquare commented that it initially bought...