Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
Bulls can feel pretty happy with the Bitcoin price returning of positions lost 6 months ago. At all major exchanges, BTC’s rate has confidently overcome an outstanding psychological level of $6,000 and is trying to gain a foothold above it.
Litecoin Foundation has established a strategic partnership with Travala.com, a blockchain-powered hotel booking platform, to boost the use of cryptocurrency payments.
Ripple has released the xCurrent 4.0 protocol. With it, Ripple’s more than 200 customers will be able to easily integrate the xRapid payment system that leverages the XRP digital asset, said David Schwartz, the chief technology officer of Ripple.
The transition of JPMorgan’s Quorum network brings easy user-interface and faster deployment of solutions on the Quorum network for businesses.
Should the Bears defend the $0.30 level, further declination of the XRP price is expected and this may lead to the breakdown of the $0.28 level. In case the Bulls defend the demand level of $0.28, the price may reverse and rise towards the previous high.
Facebook has announced that they are relaxing their advertising ban on companies promoting products and services relating to crypto. The move comes as the company is talking about its efforts to create a stablecoin to use within some of its apps.
Bitcoin price surges past its crucial resistance of $6000 as the bulls take the charge to push the world’s largest cryptocurrency northward.
In case the Bulls do not lose their momentum and the $178 level does not hold, Ethereum price may reach the previous high of $186 level. Should the Bears defend $178 level, the price may be pushed down to $167 level.
Platinum Q DAO Engineering: “The great story of stablecoins USDQ, KRWQ, CNYQ, JPYQ will never be even close to the Tether’s USDT scandal”.
PayPal’s CFO John Rainey stated that while his company was definitely working to create a blockchain/ cryptocurrency framework to facilitate its payments in a more streamlined manner, he still wasn’t sure about Bitcoin’s overall scalability potential.
Squeezer.io, a scalable blockchain platform, will make blockchain adoption easier for businesses by allowing them to easily develop and integrate dApps.
Squeezer.io will solve the problem of expensive blockchain developers with its three services allowing to develop decentralized apps with the utmost ease.
The bearish movement may continue and reach the demand level of $5,946. The bullish movement can continue only when the Bulls break up the $6,121 Bitcoin price level.
WeChat, the Chinese largest social media and messaging platform operated by Tencent, has updated its service terms. Starting from May 31 it is forbidden to perform cryptocurrency trading there.
Bitfinex operator iFinex has issued a white paper for a USD 1 billion initial exchange offering (IEO). Per a release, the company says it will issue 1 billion LEO tokens through Unus Sed Leo, a company based in the British Virgin Islands.