Day: September 14, 2020

INX Becomes the First SEC-Registered IPO to Accept Crypto

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Place/Date: New York, United States – September 14th, 2020 at 9:46 am UTC · 2 min read Contact: Alona Stein (For INX), Source: INX Limited INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has set to raise the first $7.5 million of its up to $117 million IPO in dollars and not crypro, has been met, investors will be able…

No one can refuse China’s digital currency, says central bank exec

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China’s central bank digital currency (CBDC) known as the digital yuan should be regulated in line with cash-related laws, according to a senior exec at the country’s central bank. In an opinion article on Sept. 14, Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), outlined the major regulatory principles for the operation of the digital yuan. the digital representation of the official currency of the People’s Republic of China. According to Fan, the digital renminbi is legally compensatory to the traditional fiat currency. In the article, the deputy governor…

Nvidia Agrees to Buy Arm Holdings from SoftBank in $40 Billion Deal

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Nvidia makes a strategic move to expand its footprint in the semiconductor market with its $40 billion deal of acquiring British semiconductor giant Arm Holdings. This merger will see NVIDIA’s AI computing capabilities combine with Arm’s CPU’s to create chips for next-generation technologies like IoT, robotics, self-driving cars, etc. America’s chipmaking giant Nvidia Corporation (NASDAQ: NVDA) is all set Arm Holdings from SoftBank Group Corp (OTCMKTS: SFTBY) in a deal price worth $40 billion. Headquartered in the United Kingdom, Arm Holdings specializes in offering design architectures for mobile phones. This…

Ripple (XRP) Above This Confluence Resistance Could Spark Fresh Rally

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Ripple retested the $0.2380 support zone against the US Dollar. XRP price is likely to start a fresh rally once it clears the 100 hourly SMA and the $0.2460 resistance region. Ripple is recovering higher after tagging the key $0.2380 support zone against the US dollar. The price is trading near the $0.2420 resistance and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must…

China’s national blockchain project to support DAML smart contract language

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The Blockchain Services Network (BSN), the largest blockchain infrastructure initiative in China, now has a unified smart contract programming language. Red Date Technology, a major tech company involved in the BSN’s development, will add support for DAML — a smart contract language developed by American blockchain startup Digital Asset. Announcing the news on Sept. 14, the companies’ executives said that DAML will now be the “exclusive standard” for developing decentralized applications, or DApps, on top of the BSN. The integration will enable the interoperability of DApps regardless of the implemented blockchain…

Apple Pay Gives Crypto Exchange Coinmama Its Blessing for Service Integration

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Cryptocurrency exchange, Coinmama has become the first crypto exchange to have been authorized to integrate with ApplePay,   The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation Cryptocurrency exchanges have indeed integrated ApplePay before, but they did not receive official permission from Apple. Sagi Bakshi, CEO of Coinmama. The addition of Apple Pay onto Coinmama’s platform is the latest of a number of fiat payment options that are currently available on the exchange, including Visa, Mastercard, SEPA, and others. Apple Has Been Eyeing the Crypto…

Ethereum Lacks Momentum Above $370: Here’s Why Bulls Are Comfortable

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Ethereum failed to continue high above $390 against the US Dollar. ETH price is currently trading above a crucial support at $350, below which it could turn negative. Ethereum declined below the $375 support after it failed near the $390 level. The price is now trading below the 100 hourly simple moving average, but it is well above $350. There is a crucial bullish trend line forming with support near $358 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $350 support level…

Bitcoin Topside Bias Vulnerable Unless It Surges Past $10,500

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Bitcoin price broke the $10,500 resistance, but it struggled to settle above it against the US Dollar. BTC is currently holding the $10,200 support, below which the bears could gain strength. Bitcoin is currently facing hurdles near the $10,400 and $10,500 resistance levels. It is trading near the 100 hourly simple moving average and well above the $10,200 support. There was a break below a major bullish trend line with support near $10,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must gain momentum…

Bitcoin’s Hash Rate Surges Higher Despite $2,000 Price Correction

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Bitcoin has faced a strong correction over the past few weeks as legacy markets have collapsed from local highs. The leading cryptocurrency currently trades at $10,250, over $2,000 below the year-to-date high at $12,500. Bitcoin’s on-chain trends remain bullish despite the strong correction. Along with a persistent high count of transactions, it was recently reported that BTC’s network hash rate is moving higher. Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Bitcoin Hash Rate Still Growing Despite Price Drop and Miner Outflows Digital asset manager Charles Edwards,…

Large Sellers “Pull the Rug” on Ethereum; Will This Lead to Further Downside?

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Ethereum has seen some intense selling pressure throughout the past day, which has struck a blow to the technical strength that was brought about by the buying pressure seen yesterday. This decline has made it grow increasingly unclear as to where the crypto may trend in the near-term, but it does seem as though it may be positioned to see significantly further downside in the near-term. One analyst, while speaking about this recent decline, noted that it appears to have been sparked by a so-called “whale” who had been previously…