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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, STELLAR News, RIPPLE News
Bitcoin Price Starts New Rise, Why $ 33,500 Is The Key
Bitcoin price plummeted towards the $ 28,000 zone against the US dollar.
itcoin price has undergone a sharp correction down below the $ 32,000 support zone.
It fell nearly 20% from the high and tested the $ 28,000 support zone.
On the hourly chart of the BTC / USD pair, there was a break above the major bearish trend line with resistance around $ 32,350. The pair is now back above $ 31,000 and is trading above the 100-hour simple moving average.
OCC Allows US Banks to Use Stablecoins and Public Blockchains for Payments
The Office of the Comptroller of the United States stayed true to its words and presented important news for the entire cryptocurrency industry.
In a press release released on January 4, the OCC announced its decision to allow federal banks and savings organizations to use stablecoins and public blockchains for payment settlement and other banking functions. The OCC conveyed the news in an explanatory letter detailing all the conditions for banks participating in Peer Verification Networks.
Ethereum is struggling around $ 1,100, why the fall could be capped below $ 950
Ethereum has dropped sharply from a new all-time high of $ 1166 against the US dollar.
The price dropped 20% below $ 1,100. Ether price even dropped below the $ 1000 and $ 900 levels. The low was formed around $ 889 before the price started to rise again.
There was a break below the 50% Fibonacci retracement level of the recent wave from the swing low of $ 889 to the high of $ 1135. On the other hand, there is strong support forming around the $ 980 and $ 950 levels. Also on the hourly ETH / USD chart, a key bullish trend line is forming with support around $ 980.
$ 310 Million Bitcoin Fund Created by Anthony Scaramucci
SkyBridge launched a bitcoin fund that turned Anthony Scaramucci into an angry bull.
SkyBridge Capital, the firm of American financier Anthony Scaramucci, has launched a $ 310 million bitcoin fund under management, according to a Jan.4 CNN Business report.
Bitcoin Mining Machine Deficit Worsens As Bitmain Sells Off In August
ASIC prices in secondary markets rose sharply amid a shortage of manufacturers.
Despite the fact that the leading Bitcoin mining producer Bitmain doubled prices to capitalize on the huge demand caused by the jump in the price of bitcoins, it still pre-sold three-month stocks in a few weeks.
As Ethereum Gas Fees Beat Records, Tier 2 Solution Testing Optimistic Primes
Since its initial announcement, Optimism PBC has officially scheduled a trial version of its mainnet with Synthetix on January 15th.
Optimism PBC announced a trial launch of its highly anticipated Ethereum Layer 2 scaling solution, Optimistic Network, on January 15th. The tech firm will partner with the popular DeFi Synthetix protocol to conduct a trial.
Both teams will migrate Synthetix contracts to an optimistic virtual machine for initial deployment and analysis. OVM is compatible with the
$ 379 Billion: Crypto Exchange Trading Volume Reaches Record In December
Spot volume on cryptocurrency exchanges hits record high in December
Spot volume on cryptocurrency exchanges hit a record high in December, reaching $ 379 billion, surpassing the previous high recorded in January 2018.
XLM Jumps To $ 0.15 As Ukraine Chooses Stellar For Its CBDC
Stellar was chosen by the European country as the future state-backed digital currency of the latter.
Ukraine will deploy its future Central Bank digital currency on the Stellar blockchain, according to a January 4 press release. The project will be overseen and implemented by the country’s Ministry of Digital Transformation and the Stellar Development Foundation.
Deputy Minister Oleksandr Bornyakov announced a partnership to promote the development of a wider cryptocurrency ecosystem in the country alongside the Ukrainian CBDC. “Cooperation will help contribute to the development of the infrastructure of the Ukrainian national digital currency,” he said.
Fund Manager Bitwise Surpasses $ 500 Million in Bitcoin, Ethereum and Other Cryptocurrency Assets
Crypto fund manager Bitwise has exceeded $ 500 million in assets under management.
On October 28, 2020, Bitwise’s net worth surpassed $ 100 million after the company saw an increase in demand from hedge funds and consultants.
Bitwise’s 10 Crypto Index Fund, which tracks crypto assets like Bitcoin, Ethereum, and Litecoin, among others, was the most in demand and exceeded $ 400 million in equity.
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