Tag Archives: News

The Libra Association has added another member to its long list of governing firms. This time, the addition comes in the form of Temasek Holdings Pvt. Ld. In Singapore. The company is a state-owned investment firm and will assist in all future decision-making when it comes to Facebook’s official currency.Libra Sees Temasek Join UpIn a statement, the Association explains:Temasek, a global investment company headquartered in Singapore, brings a differentiated position as an Asia-focused...

Popular social media platform Reddit is releasing two new Ethereum-based tokens. These currencies will be granted to Reddit users who create appropriate or stellar content.Reddit Is Working in the Crypto SpaceThe tokens will be known as $MOONS and $BRICKS. They’ll be issued to the subreddits of both “Fortnite” and cryptocurrency, respectively. They are part of a new “Community Points” program in which users are ultimately rewarded for posting material.A Reddit spokesperson explains:We...

Bitcoin may be at the center of crypto enthusiasts’ attention as of late due to the recent halving, but it’s not the only coin that’s on a bull run. Tezos (XTZ) – the tenth largest cryptocurrency by market cap – has lots of fans going crazy about where it will go, as it has already risen by more than 80% since the beginning of the year.Tezos Is Getting a Solid ReputationAt the time of writing, Tezos is trading for just over $2.50. That’s about 85 percent higher than where it stood during the...

Telegram has ended its dealings in cryptocurrency. An encrypted messaging service, Telegram initially announced a token sale of its new “GRAM” token, which garnered the company more than $1 billion in additional funds, but thanks to a longwinded fight with the Securities and Exchange Commission (SEC), it looks like the GRAM is never going to get off the ground.The Battle Is Lost for TelegramThe GRAM token was supposed to work in cahoots with the company’s new TON blockchain. Customers of the...

Bitwala – a bank in Germany – is forming a close relationship with cryptocurrency and is giving its customers the chance to buy, sell and trade bitcoin, as well as earn interest on their stashes.Bitwala Brings Crypto to CustomersIn the past, traditional banks and cryptocurrencies have not gotten along, as they both share extremely different values. Banks are centralized and controlled by outside entities, whereas cryptocurrencies are not. Banks seek to regulate money and only offer their...

Bitcoin, as of late, has been seen by investors as a tool that can potentially hedge wealth against inflation and other economic problems. It looks like that attitude towards the cryptocurrency is likely to continue in America for some time considering the new warning by Federal Reserve Chair Jerome Powell.Jerome Powell: The Economy Is Still WeakYesterday, Powell emerged to warn U.S. citizens that the economy is slated to face weak growth in the coming months “without modern precedent.” He...

Bitcoin cash price started a fresh decline after it failed near the $280 resistance against the US Dollar.The price declined below the key $250 and $245 support levels.There is a key ascending channel forming with support near $235 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either break the $245 resistance to continue higher or decline further towards $215.Bitcoin cash price is correcting losses from the $217 low against the US Dollar. BCH/USD must stay...

Here’s something you don’t see every day. A standard financial institution is backing crypto. J.P. Morgan – arguably one of America’s biggest banking firms – has announced its support for cryptocurrency exchanges like Coinbase and Gemini in New York.J.P. Morgan Is A Huge AdvocateThis is a major step forward in the right direction, and sure to make cryptocurrency far more mainstream and legitimate. It also represents a huge change for the CEO of the bank Jamie Dimon, who in the past, has often...

The bitcoin halving has come and gone, and it appears the crypto community is seeing a whole new wave of traders entering the mix.Bitcoin Has Gained Heavy PopularityAccording to some analysts, more people are beginning to direct their eyes towards the world’s number one cryptocurrency by market cap, which now seems like a relatively valuable and attractive financial tool given its newfound rarity. While bitcoin itself is widely in circulation – approximately 18 million BTC units have been...

Bitcoin is once again trading above $9,000 at the time of writing, proving its resilience and suggesting that perhaps its latest drop below that level was something of a fluke, and yet there are some analysts out there that are rejecting the notion of short-term gains and saying only hodlers should buy bitcoin right now.Maybe We Shouldn’t Buy At This TimeHodling is the process of holding bitcoin or any cryptocurrency no matter what. Whether the price goes up or the price goes down, it doesn’t...