Cryptocurrency Analysis and News Portal
According to a report released on Feb. 5, a mobile software application that was devised to help calculate the total number of votes in the Iowa Democratic caucus reportedly malfunctioned, resulting in the Democratic Party having to delay its public reporting of last Monday’s results. It was also revealed
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Ukraine's Ministry of Digital Transformation has indicated it won't be creating regulations for the crypto mining sector.In a document published on Friday, the government branch responsible for the digitization of Ukraine's economy listed the main principles of the country's approach to the crypto assets.The main goals for the government in
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Bitcoin price started a downside correction from well above the $9,550 area against the US Dollar. BTC broke the key $9,220 support and it is now trading in a short term bearish zone.Bitcoin declined recently below the $9,300 and $9,200 levels against the US Dollar.The price traded close to the
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The activation of Bitcoin’s (BTC) Taproot upgrade is moving forward as official Bitcoin Improvement Proposals (BIP) were submitted for review on Jan. 24. Even though Taproot is often hyped up for its privacy improvements, its true impact is likely to be very minor.What is Taproot?Taproot is the name given
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Ripple is facing hurdles near the $0.2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0.2080 and $0.2070.Ripple price is correcting lower after it failed to surpass the $0.2200 resistance against the US dollar.The price remains well
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The Reserve Bank of Australia (RBA) has expressed doubt over whether cryptocurrencies, including Libra and central bank digital currencies (CBDCs), will ever become viable solutions.In a submission (pdf) to the Select Committee on Financial Technology and Regulatory Technology just before Christmas, RBA officials were skeptical that cryptocurrencies, in their current and
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The European Central Bank is eager to expand its role in developing central bank digital currencies (CBDCs), but that doesn't mean private enterprises can't join the party, said President Christine Lagarde.In an interview Wednesday with French business magazine, Challenges, Lagarde reiterated the ECB wants to play an active role in
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Digital currencies have gained prominence over the last few years, although such options will not budge the U.S. dollar from its seat of prominence, according to chief economist International Monetary Fund (IMF) Gita Gopinath.“Improvements in payment technology may have lowered the cost of switching from cash to digital payments,
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The chief economist at the International Monetary Fund (IMF) has said digital currencies are not about to challenge the U.S. dollar's pivotal role in global trade. In an op-ed for the Financial Times on Tuesday, Gita Gopinath, who took over as the IMF's chief economist in January 2019, wrote that
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After meeting a list of obstacles in an attempt to pass regulations for its ambitious Libra cryptocurrency project, Facebook has been set back in their goal to launch it in 2020. Switzerland’s president, Ueli’ Maurer, has expressed disappointment in the project as Facebook’s team continues its efforts to seek regulatory
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