Category Archives: Crypto News

Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios

The price of Bitcoin is consolidating around $19,000 as traders brace for a possible pullback. The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what’s next for BTC/USD. Bitcoin rally keeps stalling at $19,500 Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the U.S. dollar is showing signs of a possible recovery. Others, however, expect the crucial $18,500 support level to hold, […]

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It’s time to mature: We need compliant decentralized finance

It’s up to the community to educate regulators and help them build a framework that achieves and maintains both sides’ goals. The crypto space is an incredible, albeit risky, learning environment. Its volatility serves as a dire warning to those who like to test how deep the pool is by jumping in headfirst. Old guards constantly warn newcomers: “Take it slow, learn the basics and stack sats.” Wealth, in this space, can appear and disappear in an instant. In 2018, many newcomers got their first taste of […]

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Ripple has sold $15M of its stock in MoneyGram

Ripple’s partnership with MoneyGram may not be as warm as it once was, but it’s paying off. Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram.  Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech firm netted a total of $15,303,792.60 from the sales. MoneyGram’s stock value has soared in recent months, from $2.94 on Oct. 1 to $8.53 on Nov. […]

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Bitcoin price rally at risk as gold and US dollar show signs of recovery

Analysts warn that a recovery in gold and the U.S. dollar index could negatively impact Bitcoin’s bullish momentum. Dan Tapiero, the co-founder of 10T Holdings, said weak hands have been shaken out in the gold market. This raises the probability of a gold rally in the near term, especially as it comes off of an 80-day pullback period. A rally in gold and the dollar may dampen Bitcoin price Bitcoin has seen strong momentum in the past three months, as it achieved an all-time high on Coinbase […]

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It’s not about data ownership, it’s about data control, EFF director says

She believes that by agreeing to certain “Terms of Service,” users abdicate a portion of their rights. As technology advances, personal data becomes an increasingly relevant topic. Many in the crypto industry hold sovereign finance and data privacy in high regard. Participants’ best efforts may be undermined by centralized businesses and regulating bodies, however, according to Cindy Cohn. Cohn is the executive director at the Electronic Frontier Foundation, or EFF, a nonprofit entity focused on digital rights.  Cohn joined a Web Summit panel on Thursday labeled “Internet: Who owns […]

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Upcoming Cardano hard fork to introduce ‘token locking’ ahead of Goguen

IOHK is planning a “smooth upgrade path to Goguen.” IOHK, the development arm behind Cardano, recently announced a new hard fork of the protocol scheduled for mid-December.  Kevin Hammond, a software engineer at IOHK, revealed this week that Cardano will undergo a hard fork later this month as part of its transition to the Goguen development era. Although most observers associate hard forks with trauma, Hammond said that these events are handled much differently on Cardano: “[…] Cardano handles hard forks automatically, without stopping block production. This […]

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Price analysis 12/4: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

Many altcoins are seeing sharp corrections as Bitcoin price struggles to hold $19,000 as support. A few years back, Bitcoin’s (BTC) price was controlled by whales as the crypto market lacked depth and was relatively illiquid. If whales were selling in unison, no one wanted to venture out and buy. Similarly, the whale’s concerted buying easily boosted prices higher. However, that is not the case anymore. With the arrival of institutional investors, it appears that the whales are gradually losing their ability to influence BT price. According […]

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Coinbase becomes a founding member of Square’s crypto patent group

Coinbase will help COPA on its journey of defending against patent overreach. The Cryptocurrency Open Patent Alliance, or COPA, headed up by finance company Square, recently picked up Coinbase as a cornerstone participant. Square unveiled the group in September as a method of warding off patent overreach — an issue that has been known to limit technological advancement. Coinbase senior counsel and COPA board member Brittany Cuthbert said in a public statement from the alliance on Friday: “As the crypto economy continues to grow, we believe it […]

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China’s central bank plans digital yuan pilot for payments to Hong Kong

Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong. China’s central bank and the Hong Kong Monetary Authority, or HKMA, are in the preliminary stages of piloting the digital yuan for cross-border payments — underscoring another key development in the rollout of a central bank digital currency, or CBDC. In a media release that appeared on the HKMA website on Friday, chief executive Eddie Yue provided an update on the ongoing work surrounding cross-border payments. He indicated that HKMA […]

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Celsius’ CEO thinks Ethereum could lose its market dominance if this doesn’t happen

It’s a possible hurdle to cross, but it could take some time. Ethereum 2.0 recently fired up its Beacon Chain, concluding Phase 0 of a scaling effort years in the making. Although he expressed faith in Eth2, Celsius CEO and founder Alex Mashinsky believes that the network could lose its spotlight if it doesn’t scale quickly and significantly. “Ethereum needs to prove it can scale its transactions 100x without compromising on security or decentralization,” Mashinsky told Cointelegraph when asked about Eth2’s next hurdle after its Beacon Chain […]

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