Amid Mastercard’s unexpected push for a patent outlining “fractional reserve” banking for crypto assets, the CEO of Visa has claimed that cryptocurrencies aren’t a pertinent threat to the stability of legacy financial systems. Al Kelly: Bitcoin, Cryptocurrency Aren’t Immediate Threats To Visa Months after claiming that the “sun has set” on Bitcoin and crypto assets,…
When Bitcoin was debuted in October of 2008, the world’s first cryptocurrency was slow to garner traction. At the time, only the most eccentric internet users were willing to allocate capital, time, and brain power to bolster the development efforts of the Bitcoin Network, the first true blockchain/decentralized database. However, as time elapsed, the cryptocurrency…
Key Points Bitcoin price failed to move above the $6,400-6,410 resistance area against the US Dollar. There is a key bearish trend line in place with resistance at $6,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $6,410 resistance and the 100 hourly simple…
One of the U.K.’s Conservative Party members has both joined and left an advisory role at a cryptocurrency exchange platform in the last week. Stephen Hammond, MP, stated that his position at the IronX digital asset trading venue might be seen as a conflict of interest. IronX Promotes Risks Hammond Has Previously Warned About According…
Fiat-to-crypto trading is now live on the Uganda-facing division of the hugely successful trading platform Binance. As part of a wider commitment to encouraging blockchain being used for charitable causes, its CEO, Changpeng Zhao, announced that his exchange would donate $500,000 to local causes through the firm’s charitable wing. Binance Execs Spy Big Opportunities in…
Despite the persisting bear market and low market sentiment, the potential impacts of cryptocurrency and blockchain technology remain astounding, and many investors have maintained their confidence in this fact. One industry insider shares this sentiment, explaining in a recent interview with the Express, that cryptocurrency will likely change the current economic system for the better. Marcus…
A crypto project has revived the investors’ trust in initial coin offerings by raking in $19.5 million via crowdfunding. Caspian, a Cayman Island-based project, achieved its hard cap before the set date, implying a successful kick-start for the development of its institutional crypto trading platform. A beta-testing round of the platform is live already, which…
While a majority of crypto-related news is sculpted for public consumption, in juxtaposition to the transparency that public blockchains provide, recently-released documents from the U.S. Securities and Exchange Commission (SEC) indicate that a paramount closed-door meeting recently occurred. VanEck: Our Bitcoin ETF Issues Have Been Resolved Two weeks ago, stowed far away from the prying…
Key Points Bitcoin price declined towards the $6,350 support and later recovered sharply against the US Dollar. There was a break above two bearish trend lines formed with resistance at $6,410 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tagged the $6,450-60 resistance and it is currently correcting lower.…
The government of Albania has stated that it will be considering the creation of cryptocurrency regulations. The eastern European nation hopes to encourage innovation, investment and, in turn, create jobs relating to the transformative financial technology by providing a welcoming base of operations for startups. Albania Hoping to Lure Investors and Startups with Crypto Regulation…