Month: September 2021

Central Bank of Brazil Director States Government Will Know ‘Everything You Have in Bitcoin’

Mauricio Moura, a current director of the Central Bank of Brazil, stated that anonymity won’t be a choice when making cryptocurrency transactions in the country. The representative stated that, sooner or later, all users would have their transactions identified by the government. These comments came at an event promoted by the Institute of Professionals for the Prevention of Money Laundering and T...[Read More]

Trader Who Nailed Steep Bitcoin Correction Issues Fresh Warning on BTC Price

A popular crypto strategist and trader who accurately called the latest Bitcoin correction says his bear case remains valid unless BTC can recover a crucial level. The analyst, pseudonymously known as Capo, tells his 154,200 Twitter followers that Bitcoin’s current market structure resembles its price action in April when BTC topped out above $60,000 before igniting a sharp 50% correction. “It loo...[Read More]

Cardano Plunges as Critics Take Aim at Smart Contract Launch

Cardano’s native token ADA fell 10% from peak to trough today, after critics slammed smart-contract testnet errors and complained that the blockchain wasn’t fit for purpose as a decentralized finance (DeFi) platform.  It comes just days after ADA hit new all-time highs in anticipation of the launch, solidifying its place as the third-largest cryptocurrency by market cap. At the time, the cryp...[Read More]

Solana based SolRazr closes $1.5M funding round to develop flagship decentralized ecosystem

Solana (SOL/USD) based venture platform SolRazr’s innovative decentralized developer ecosystem is designed to be the only developer and fundraising platform for projects building on the Solana blockchain. It comprises Launchpad, Accelerator, and Developer Tools.   Supporting DeFi growth on the SOL network SolRazr also aims to support the growth of decentralized finance on the network accordin...[Read More]

September 7 is ‘Bitcoin Day’ in El Salvador as BTC becomes legal tender

It is Sept. 7, and El Salvador’s Bitcoin Law has officially come into effect three months after its parliament passed the historic vote. The Central American nation is now the first country to recognize Bitcoin (BTC) as legal tender. Tweeting earlier in the day, El Salvador’s President Nayib Bukele remarked “3 minutos para hacer historia — In 3 minutes, we make history.” However, day one of El Sal...[Read More]

IOTA selected to participate in the European Blockchain Services Infrastructure (EBSI) network

The IOTA Foundation, the non-profit supporting the research and development of new distributed ledger technologies (DLT), including the IOTA Tangle, announced today it been selected to participate in the pre-commercial procurement process for the European Blockchain Services Infrastructure (EBSI), a network of blockchain nodes across the European Union (EU). Established in 2019 by the Europea...[Read More]

Cardano Price Analysis: ADA Crashed 10% Daily Following Failure to Overcome $3

ADA has been battling the $3.00 resistance level since the end of August. The coin was trading inside an ascending price channel throughout the entire month, which allowed it to surge above the $3 level. In September, ADA fell beneath the price channel after failing to overcome $3 after multiple attempts over the weekend. Yesterday, it fell into the support at $2.75 (20-day MA & .236 Fib). It ...[Read More]

All stock sectors’ relative ROI returns to green after a turbulent year

The past year has been monumental for the stock market with record gains alongside significant drops in certain sectors. However, all sectors appear to have wiped out the losses resulting from a challenging year marred by the economic effects of the coronavirus pandemic.  According to data acquired by Finbold, all stock sectors’ one-year relative performance as of September 7th, 2021, have ge...[Read More]

Grayscale CEO Says SEC Should Approve Bitcoin Futures ETF and Spot ETF Together, Here’s Why

Head of the largest crypto holding hedge fund Grayscale, Michael Sonnenshein, has shared his view on the potential approval of Bitcoin ETFs by the SEC and explained why the regulator should really approve a spot Bitcoin ETF first, rather than Bitcoin futures one. Meanwhile, the SEC chairman Gary Gensler has recently expressed a preference for letting a Bitcoin futures ETF into the market first, ra...[Read More]

Litecoin Drops Sharply, Approaches the Low of $204

The price of Litecoin (LTC) has fallen sharply after failing to hold above the $232 peak. Today, the altcoin has fallen to its previous low of $208 and is trying to find support above it. Prior to the recent plunge, Litecoin was in an overbought condition for the past three days. The uptrend will continue if the current support holds. The market will rise and retest the high at $232. LTC/USD will ...[Read More]

Cardano’s Smart Contracts Face Major Scalability Issue

Cardano, the third-largest cryptocurrency with a market cap of over $82.8 billion, has become the subject of criticism as its ecosystem infrastructure does not allow for the most basic decentralized applications to function without facing immediate scaling issues. Cardano dApp Developers Face Concurrency Issues Cardano is facing a major scalability hurdle. Input Output, the development company beh...[Read More]

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