In the past three sessions, there were mostly range moves in bitcoin price above the USD 7,350 and USD 7,400 support levels. BTC/USD seems to be forming a support base and it could continue to rise above the USD 7,550 and USD 7,650 resistance levels. Similarly, there are positive signs emerging for major altcoins, including…
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IDAX reported liquidity problems prior to Lei Guorong absconding, while it remains uncertain what access he has to the platform’s wallets. Chinese cryptocurrency exchange IDAX has suspended deposits and withdrawals after its CEO allegedly disappeared. In a blog post on Nov. 29, IDAX, which earlier this week warned it was seeing a run on withdrawals,…
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Charles Hoskinson, CEO of blockchain consultancy and research firm IOHK that is developing the Cardano platform. Source: a video screenshot, Bloomberg/Youtube The Cardano Foundation launched a new crypto payment solution, AdaPay, aimed at merchants, making ADA, the native token of the Cardano platform, one the best performing coins among the TOP 20 digital assets today.…
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The CEO of IDAX Global, “have gone missing with unknown cause and IDAX Global staffs were out of touch with” since November 24, the company announced today. (Updated at 10:05 UTC: updates throughout the entire text.) “For this reason, access to Cold wallet which is stored almost all cryptocurrency balances on IDAX has been restricted…
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Ethereum network’s token Ether (ETH) is showing signs of a bullish reversal and could rebound back to $170 levels after falling to March lows last week. Earlier this week Ethereum’s token Ether (ETH) took a serious tumble as Bitcoin (BTC) price swiftly broke down to $6,560 on Nov. 25. The price dropped through numerous supports,…
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VideoCoin is gearing up to reinvent outdated PPV content consumption to battle Disney+ and Netflix, privacy still an issue to be resolved. For the past few months, the modern world has witnessed TV providers battle it out for the exclusive streaming rights for consumer-favorite shows such as Seinfeld, Friends, The Big Bang Theory, The Office…
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Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates for an official visit yesterday to discuss joint policy measures, including a digital currency plan. Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates (UAE) for an official visit yesterday to discuss joint policy measures, including a digital currency plan. …
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The CEO of Kakao said that the Klaytn blockchain developed by its subsidiary Ground X is similar in operation to Facebook’s Libra network but more advanced. Yeo Min-soo, the CEO of South Korean internet giant Kakao, said that his firm’s Klaytn blockchain is similar to Facebook’s Libra except it is way ahead in its development.…
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The Fed chairman’s recent letter illuminates how monetary policy bigwigs view crypto and if it might greenlight a USD stablecoin. Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously.…
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Major South Korean cryptocurrency exchange Upbit has lost 342,000 ETH. All users will soon be reimbursed with corporate funds. On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting…
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