Day: July 12, 2019

Ethereum Price Consolidating Losses: ETH & BTC Could Correct Higher

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ETH price declined heavily below the key $300 support area against the US Dollar. The price traded close to the $260 support level and it is currently consolidating losses. There is a short term bearish trend line forming with resistance near $274 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher in the near term, but it is likely to struggle near the $282 and $285 resistances. Ethereum price started consolidating losses after a sharp dip versus the US Dollar and bitcoin. ETH price…

Miami Dolphins to Endorse Litecoin as Team’s Official Cryptocurrency

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American professional football team the Miami Dolphins announced that Litecoin (LTC) is now the team’s official cryptocurrency, according to a press release on July 11. The Miami Dolphins and Litecoin have also partnered with Aliant Payments, a crypto merchant services and payment processing firm, to enable crypto payments for the team’s upcoming 50/50 raffle, which reportedly donates half of its revenue to charity. Cryptocurrency users will reportedly be able to buy raffle tickets with LTC and Bitcoin (BTC), and can do so online or via in-stadium kiosks at Hard Rock…

Bank of English Governor on Libra as a Solution to Financial Problems

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Bank of England governor Mark Carney said that people need to acknowledge the issues Facebook is attempting to solve with Libra, regardless of the project’s potential downsides. Carney delivered his remarks at the Financial Stability Report press conference as seen on the Bank of England’s YouTube channel on July 11.  Carney said: “It’s way too expensive to do domestic payments. It’s way too slow, and that hurts consumers and businesses. It stifles innovation, and it’s far too expensive to send money cross-border, and there are huge financial inclusion issues related…

President Donald Trump Tweets Opposition to Cryptocurrencies

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Disclaimer: this story is breaking and will be subject to updates. President Donald Trump voiced his opposition to cryptocurrencies as a whole, Bitcoin and Libra specifically in a series of tweets around 8:15 p.m. EST on July 11. The full text of the three tweets reads:  “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. “…Similarly, Facebook Libra’s ‘virtual currency’…

Trump Tweets Opposition to Crypto, Specifically Libra and Bitcoin

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Disclaimer: This story is breaking and will be subject to updates. United States President Donald Trump voiced his opposition to cryptocurrencies as a whole, citing Bitcoin and Libra specifically, in a series of tweets published around 8:15 p.m. EST on July 11. The full text of the three tweets reads:  “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. “…Similarly,…