Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
Bitcoin price is below support levels of $8,340 and $8,200 versus the USD. The price is close to the $8,000 key support zone, where bulls could take a shot.
Fresh decline in the market is considered by some to expose Bitcoin price to a potential return to $7,400. In contrast, other analysts suggested that BTC’s recent trading into a falling wedge is a bullish pattern.
XRP price loses over 5% despite some positive news: SBI Ripple Asia and SBI Remit collaborate to launch a new remittance service which will operate using RippleNet.
A former PayPal executive has posted a letter on Twitter of Bank of America closing down his account. The ironic ban was not lost on his followers, however, who criticize PayPal for its own censorship practices.
Apollo Foundation is announcing an MOU with the nation of Lesotho to develop and implement blockchain technology in various government departments and initiatives.
The Ford Mustang Mach-E is positioned against the Tesla Model Y and will be released next year in 2020. Ford’s entry will give a major boost to the electric car industry as Tesla welcomes the rising competition.
Universal Protocol Alliance has announced the launch of the industry’s first “mega-utility” token, that will launch on Bitcoin.com Exchange, and could be used throughout the whole cryptosphere.
The gen z-focused TikTok has seen over 1.5 billion downloads across multiple app stores and is giving social media giant Facebook a run for their money.
Presently the number 2 position by market capitalization, Ethereum price is up by 0.17% in the last 48 hours. For ETH its a market capitalization of about $20.06B within a 24-hour volume of $7.34B.
Opay, which was founded by Opera, the web browser developer, just recently raised $120 million in series B round, which mainly was backed by Chinese investors, confirmed Opera’s CFO Frode Jacobsen.
The United States Presidential hopeful Andrew Yang reinforces his position on cryptocurrencies and technology hinting at his intention to regulate them.
SoftBank and Naver will create a joint business where each will hold 50%. The new company will compete with global companies in Japan and operate both Line and Z Holdings (Yahoo Japan’s operator).
Bakkt is working on developing an app, allegedly dubbed Bakkt Pay, to let consumers use digital assets when purchasing goods from merchants. They also might add support more than just Bitcoin.
Beijing is gradually reducing its stocks of US Treasury bonds, in which it actively invested. China has reduced its assets by $88 billion over the past 14 months. Instead, Beijing continues to expand its purchases of gold.
After last week’s correction below $8700 levels, Bitcoin price has entered a consolidation phase with next support at $8500. Despite the bearish signals, analysts remain confident of the long-term bull run.