Cryptocurrency Analysis and News Portal
Facebook is in new rounds of talks focused on discussing potential backings for its digital currency Libra.It was recently reported that Facebook has informed U.S. senators that it might not consider the Chinese Yuan as a potential contender for a backing of the cryptocurrency Libra. Facebook has submitted details of
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Switzerland’s Financial Market Supervisory Authority (FINMA) has published a stablecoin-focused supplement to its existing guidelines for initial coin offerings (ICOs).In a news release published on Sept. 11, FINMA takes note of the steadily proliferating issuance of stablecoins since mid-2018, as well as confirming that the Geneva-based Libra Association had
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The popular stablecoin issuer, Tether (USDT), has announced that it plans on launching a new stablecoin, CNH₮, backed by the offshore Chinese yuan. CNH₮ will run on top of the Ethereum blockchain as an ERC-20 token.In a blog post, Tether stated that CNH₮ represents a further expansion of the organization’s
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The hot potato in the world of crypto at the moment is decentralized finance. Satoshi’s original notion of cutting out the bankers is now possible in this new world of digital assets and DeFi protocols. The industry is still embryonic but some of the bigger names in the world of
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Bitcoin price is slowly declining and recently broke the $10,000 support area against the US Dollar.The price is facing an uphill task and it might continue to struggle near $10,250 and $10,300.There is a major bearish trend line forming with resistance near $10,250 on the hourly chart of the BTC/USD
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Cryptocurrency exchange OKEx announced that it will soon list enterprise-focused decentralized network Hedera Hashgraph’s native token HBAR.As OKEx’s spokesperson told CryptoX, the platform will add HBAR to its spot market with HBAR/BTC, HBAR/USDT and HBAR/USDK on Sept. 17. Deposits and withdrawals will open on Sept. 16 and Sept. 24
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ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar.The price is likely to decline if bitcoin continues to struggle below the $10,250 level.There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed
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China has the most progressive approach to central bank digital currencies (CBDCs) to date, according to Circle CEO Jeremy Allaire.The only global bank to really care Allaire said that China’s central bank has the most advanced thinking about CBDCs in an interview aired on Phoenix Chinese News on Sept. 9.According
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Steemit, a blogging and social networking website that uses its Steem blockchain-based rewards platform for publishers, announced their fellow-Steemians that they can now vote for their favorite Steem proposals without leaving the safety of Steemitwallet.com.Vote for proposals to receive fundingOn Sept 10, Steemit announced that their user interface for
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Blockstack PBC, a decentralized computing network, announced that it managed to raise more than $23 million in the first-ever U.S. Securities and Exchange Commission (SEC)-approved token offering.Participation from U.S. retail investorsMuneeb Ali, co-founder and CEO of Blockstack PBC wrote in a blog post on Sept. 10 that the blockchain-based
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