The SEC v. Ripple lawsuit is inching ahead with every passing day. Right after Ripple filed its Memorandum of Law in opposition to the SEC’s motion to strike on Thursday, the regulatory body reverted back with its own Memorandum of Law, one requesting the court to deny the individual defendants’ motions. In the same, the SEC alleged that Ripple executive Chris Larsen “approved and directed” Ripple’s unregistered offers and sales…
Creating a subscription management solution: An interview with the CEO & COO of Revuto
Keeping track of online subscriptions and paying for them can be an exhaustive process since often, people lose track of the plans and platforms they have subscribed to. By combining the speed and cost-effectiveness of cryptocurrencies with the practicality of fiat, Revuto is changing the way people pay for their subscriptions. Revuto has been designed as a DApp on the Cardano blockchain and it leverages the native Cardano tokens and…
Bitcoin Cash, Cosmos, Nano Price Analysis: 15 May
Bitcoin Cash could see another round of selling if $1,200 is flipped over to the bears. Cosmos pictured a bullish trajectory, but the bulls could lose steam if a breakout above $29.7 is denied. Finally, Nano could see a 13% fall towards its 200-SMA in case of a breakdown from its $10.2-support. Bitcoin Cash [BCH] Source: BCH/USD, TradingView The daily chart for Bitcoin Cash highlighted a defensive area around $1,200,…
Chainlink, Waves, Dash Price Analysis: 15 May
Chainlink’s target of $50 would see a shift of market control over to the bullish side. Waves might present a stronger buy signal above $37.2. Finally, bearish conditions still presided over the Dash market, but the crypto’s candlesticks were well above the long-term moving average. Chainlink [LINK] Source: LINK/USD, TradingView Chainlink found support around the $41-mark – a region that was bolstered by the 200-SMA (green). Buyers even reclaimed the…
Norway: Deputy Governor dismisses likelihood of cryptos replacing banks, kroner
With the emergence of a global digital economy, the use of cash has tumbled over the years and people across the world have gradually started accustoming themselves to digital money. Interestingly, Norway has the lowest physical cash use in the world and less than 4 percent of spending in the country was made via cash last autumn. The same has forced authorities there to study digital central bank money and…
Cardano, Filecoin, Dogecoin Price Analysis: 14 May
Cardano could see a minor dip before climbing above the $2-mark. Filecoin broke south from a descending triangle and registered losses of 9% from the bottom trendline. Finally, Dogecoin would present a stronger buy signal above its $0.569-resistance. Cardano [ADA] Source: ADA/USD, TradingView While the broader market pullback did diminish weekly gains for most alts, Cardano was somewhat of an exception. In fact, Cardano was one of the few alts…
Tezos Price Analysis: 14 May
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s market, at press time, was once again facing the tough side of volatility, with its bearishness seeping into the altcoin market too. With a market capitalization of $5.09 billion, Tezos [XTZ] has been moving lower lately, with the crypto having lost nearly 20% of its value over the…
XRP Price Analysis: 14 May
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice This year has seen the market’s top cryptocurrencies, not just Bitcoin, carve out for themselves new price trajectories. XRP, the seventh-largest cryptocurrency with a market capitalization of $47.26 billion, has been one of the assets witnessing great volatility this year. In fact, despite an ongoing lawsuit against Ripple, the…
Why there might be more to Tesla’s suspension of Bitcoin payments
The long-fought Bitcoin energy debate resurfaced afresh on late Wednesday after Tesla CEO Elon Musk announced that his company had suspended vehicle purchases using Bitcoin owing to concerns over its energy consumption. As expected, many prominent leaders from the community were quick to quash Musk’s notion, asserting that Bitcoin mining did not pose a threat to the environment. Michael Saylor, CEO of MicroStrategy, for instance, assured Musk that the net…
Binance Coin, BitTorrent, VeChain Price Analysis: 14 May
Binance Coin flashed bearish conditions on the 1-day timeframe, but the lower timeframes were seeing some bullish resurgence at press time. BitTorrent’s channel between $0.0078 and $0.0051 could remain intact considering low volatility. Finally, VeChain cut its losses at the $0.166-support, but awaited stronger signals for a hike past the $0.203-resistance level. Binance Coin [BNB] Source: BNB/USD, TradingView The daily timeframe and 4-hour timeframe showed a contrasting picture for Binance…