Day: October 18, 2019

Ethereum (ETH) Rebound Faces Major Hurdle Near $180

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Ethereum price is currently correcting higher, but it is facing a strong resistance near $180 against the US Dollar. Bitcoin price is up more than 1.5%, but it is also facing resistance $8,120 and $8,200. This week’s followed major bearish trend line was breached with resistance near $174 on the hourly chart of ETH/USD (data feed via Kraken). The pair is clearly facing a strong resistance near the $180 level and the 100 hourly SMA. Ethereum price is currently recovering higher versus the US Dollar, similar to bitcoin. However, ETH…

G7 Task Force Releases Full Report on Impact of Global Stablecoins

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A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments. Doubling down on regulations On Oct. 18, in a report requested by the G7 Finance Ministers and central bank Governors, the relevant task force confirmed that the group of the seven wealthiest nations would not allow any global stablecoin to launch without adequately addressing the related challenges and risks. Cointelegraph reported on an unpublished draft of the same report on Oct. 14.…

Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey

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Almost three-quarters of German consumers would not use Facebook’s planned digital currency, Libra, according to a recent poll. Only 27 percent considers using Libra On Oct. 17, Cointelegraph auf Deutsch reported that out of 2000 questioned Germans, aged 16 and over, only 27 percent would ever consider using Facebook’s Libra stablecoin as a means of payment at home or abroad. The poll was conducted on behalf of the Wirtschaftswoche business news magazine and Creditplus Bank AG. The results indicate that 73 percent completely reject the idea of Libra as a…