Cryptocurrency Analysis and News Portal
Uber is aiming to register a profit before the end of fiscal 2020. The ride-hailing firm’s growth-at-all-costs strategy has been the key driver of losses. If it needs a lesson on the deficiencies of the strategy, the ride-hailing service only needs to look at WeWork. The tech sector has
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SEC Commissioner Hester Peirce wants to give token projects three years to adequately decentralize their networks before worrying about securities laws. Industry participants believe some kind of so-called “safe harbor” is necessary, and praise Peirce’s proposal for providing a reasonable plan for creating one. Questions remain, including how to define
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Is the price of bitcoin preparing for a massive price rally ahead? Many traders believe so.The optimistic sentiments emerge owing to a potentially bullish factor. The bitcoin’s 50-daily moving average this Tuesday inched above its 200-daily moving average, a pattern known as Golden Cross.Golden Cross formation hints an upside price
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ViewBitcoin is struggling to draw bids despite a confirmed "golden cross" pattern on the daily chart. That, coupled with bearish short duration indicators, suggests scope for a convincing break below the 2020 rising trendline currently near $9,700. That would expose the next support at $9,200.The bearish case would weaken if
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Bitcoin is gawking at extended losses only hours after it established a new yearly high at $10,500.The benchmark cryptocurrency on Thursday plunged by 3.86 percent to circa $10,094, according to US exchange Coinbase. The crash took bitcoin’s spot rate down by more than $400 within just three hours, showing fresh
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Despite centralized cryptocurrency exchanges suffering nearly $300 million worth of hacks during 2019, many digital currency traders continue to hold significant sums of capital on centralized exchange platforms.While many noncustodial crypto services have launched in recent years, few platforms have been able to garner significant liquidity. CryptoX reached out
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The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now.According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report exploring the opportunities and risks of issuing a digital form of the country’s
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In a statement following a cabinet meeting, the government said: “Universally accessible central bank digital currency would bring no additional benefits for Switzerland at present. Instead, it would give rise to new risks, especially with regard to financial stability.” Source
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The cryptocurrency looked to have had potential to jump above $7,300 and possibly extend gains toward $7,500. After all, credible signs of seller exhaustion had emerged on the intraday technical charts following Thursday's drop to $7,072 – the lowest level since Nov. 24. Original Source
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No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities.In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the Commission admitted that stablecoins
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