An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated…
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Ethereum Price Hints At Potential Correction, Buy The Dip?
Ethereum failed again to settle above the $1,300 resistance against the US Dollar. ETH is moving lower and might soon test the $1,220 support zone. Ethereum attempted another upside break above $1,300, but failed. The price is now trading below…
Bitcoin Price Lacking Momentum Above $17k, BTC Holders Are Safe: Here’s Why
Bitcoin price extended its increase and tested the $17,500 resistance. BTC corrected gains, but it remains well supported above the $16,800 support. Bitcoin extended its upward move above $17,100 and $17,300 resistance levels. The price is trading near $17,000 and…
Rumors of a new native ‘Twitter Coin’ emerge while Dogecoiners remain hopeful
Online tech sleuths claim to have uncovered a secret new project on Twitter, which is being referred to as “Twitter Coin.” Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter…
US consumer watchdog probes crypto firms over deceptive ads
The Federal Trade Commission is investigating several unnamed crypto firms over possible misconduct in the advertisement of digital assets. Several crypto firms are facing a probe from the United States Federal Trade Commission (FTC) over possible deceptive or misleading advertisements…
Ripple CTO shuts down ChatGPT’s XRP conspiracy theory
An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network’s code and has been ridiculed by the firm’s CTO. Ripple’s chief technology officer has responded to a conspiracy theory fabricated by Artificial Intelligence…
Kentucky to scrutinize contracts offering cheaper electricity to miners
The Kentucky government is investigating whether the proposed discounted electricity for crypto miners will raise electricity costs for Kentucky residents. The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted…
The Path To A Bitcoin Economy: Decentralized Bitcoin-Backed Credit
Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of “bitcoin free banking” originally described in 2010 by Hal Finney. This is an opinion editorial by David Seroy, Founder and President of Old North Capital Fund. It…
Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s $5K Bitcoin…
Bitcoin Now Undervalued For 170 Days, How Does This Compare With Previous Bears?
On-chain data shows Bitcoin has been undervalued for 170 days now, here’s how this figure compares with that during the previous bear markets. Bitcoin MVRV Ratio Has Been Stuck Under ‘1’ Since 170 Days Ago As pointed out by an…
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