The Japanese government has started developing a crypto payments platform similar to SWIFT according to reports. The effort has come as part of a wider spread initiative to combat money laundering. SWIFT Not So Swift According to Reuters, citing ‘a person familiar with the plan’, the international network for crypto currency payments will rival SWIFT…
Following their dip of the week yesterday, crypto markets are back up today and Litecoin is leading the pack. The possibility of a favorable outcome for crypto from yesterday’s US Congress hearing may have lifted Bitcoin and its brethren today. Bitcoin Back at $10,000, Litecoin Approaching $100 Bitcoin made it back to five figures a…
The crypto market is at a critical junction. Altcoins such as Litecoin, Ethereum, and Ripple have been capitulating, then bouncing as Bitcoin begins to struggle with its return to a bull market. Since this began, the crypto market has also been impacted by pending regulation and Facebook’s entry into the space. But before the bearish…
Bitcoin’s recent bout of downwards pressure has now sent its price decisively below $10,000, which appears to have marked the end of the long period of bullish momentum that BTC has experienced over the past several weeks. Importantly, the recent drop has been leading many analysts to believe that the cryptocurrency has violated the parabolic…
All eyes are on Bitcoin, Facebook’s Libra, and the entire cryptocurrency market this week, following a tweet from the United States President Donald Trump, a Senate hearing on Libra, and an abundance of financial industry chatter as the crypto market takes its first steps towards serious regulation and legitimacy. But before it happens, Bitcoin still…
Investors in the United States are beginning to see bitcoin as a store of value, says former Uber executive Dan Held. The Interchange co-founder and director of business development credited Facebook for upping the status of cryptocurrencies. He said in an interview to BlockTV that the social media giant’s foray into the cryptocurrency industry with…
Facebook has been grilled today at a Senate Banking Committee hearing over its cryptocurrency project Libra. As part of the hearing, a representative for the social media giant claims the firm has been in contact with a Swiss agency to oversea data protection and user privacy. However, it has emerged that the firm has not…
Today, the United States Senate Committee on Banking, Housing, and Urban Affairs held an open session to conduct a hearing on Facebook’s Libra – a hot button topic across the crypto industry and financial space currently. Recently, Libra has sparked an interest in not only just Facebook’s first foray into digital but it’s also caused…
Bitcoin has made a bit of a recovery today in the wake of comments by US Treasury Secretary Steve Mnuchin. The 8 percent pump has left altcoins in the digital dust again as BTC market share knocks on the door of 70 percent. Bitcoin Briefly Back at $11,000 This time yesterday Bitcoin was trading very…
Ripple has been able to once again find strong buying pressure in the upper-$0.20 region, which has historically been a region of strong support for the cryptocurrency. After touching this region, XRP climbed slightly higher, and is currently outperforming the markets. Analysts are now torn on whether or not this price region marks a long-term…