Ripple (XRP) Price Down 2%, Bears Sight $0.2000 Or Even Lower

Ripple price is sliding and it is under pressure below the $0.2200 resistance against the US dollar. The price is now trading below $0.2150 and it could decline further below $0.2100. There is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP/USD pair (data source from Kraken). There are high chances of a drop towards the $0.2020 and $0.2000 support levels. Ripple price is declining steadily below key supports against the US Dollar and bitcoin. XRP price could continue to move down…

Bitcoin Weak as Positive Trade Deal, Brexit Buoy Investors

So-called safe-haven asset bitcoin appears mum as Trump hints an optimistic “phase one” deal with China and Boris Johnson wins the U.K. parliamentary election. The cryptocurrency risks more declines due to prevailing bearish bias. Strong technical support could send the price back towards $7,500-8,500 area. Bitcoin slipped towards $7,000 this weekend as signs of growth in the U.S.-China trade deal and Brexit buoyed investors’ sentiment in risk-on markets. The expected sign off of a phase one deal between the U.S. and China led U.S. stocks to surge before the week…

Dissidents and Activists Have a lot to Gain From Bitcoin, if Only They Knew It

Beyond privacy, the ability for individuals to buy bitcoin with fiat and convert bitcoin into fiat is a big challenge. In the past few years we have seen an incredible increase in local liquidity, where it’s now fairly easy to buy or sell bitcoin in most major urban areas around the world, even inside dictatorships and countries in conflict. If you have bitcoin in Tehran, Beijing, Aleppo, Caracas, or even Gaza, with a bit of research you’ll be able to find someone who will sell you fiat in return. But…

How DeFi Goes Mainstream in 2020: Focus on Usability

Second, the DeFi community should create products and services for a greater share of the population. Trading and arbitrage platforms are useful for day-traders and hedge funds, but the people who need DeFi the most are not looking to actively trade crypto assets. DeFi projects must rediscover the original purpose of bitcoin by focusing on peer-to-peer exchange and removing toll-collectors from financial services. Projects like Celsius Network (of which I’m CEO), Voyager, Compound, and Monarch, among others, are providing more common financial services like lending, interest income, wealth management, and…

Orchid (OXT) is launching on Coinbase Pro

On Friday, December 13 at 11am PT, transfer OXT into your Coinbase Pro account ahead of trading. Support for OXT will be available in Coinbase’s supported jurisdictions, with the exception of New York State. Additional regions may be added at a later date. Per previous launches, transfers will open during business hours, Pacific time. On Friday, December 13 at 11am PT, we began accepting inbound transfers of OXT to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading, which will occur during business…

In 2019, Students Demanded Blockchain Education. In 2020, It’s Coming

What’s more, students are recognizing the enormous potential of the industry and demanding education for a way in. In the past year, student interest in blockchain education doubled compared to the year prior. The 70+ student-run blockchain organizations across 16 countries include some top higher education institutions including UCLA, UCSB, UC Davis, Duke, University of Chicago, USC, University of Wisconsin, and the University of Washington. These student groups aren’t just meeting to discuss blockchain. They are incubating their own projects and even consulting for local businesses.  Author: Galen Danziger Source…

Even if a Thousand Projects Don’t Make It, Blockchain Is Still a Change Catalyst

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Gary Gensler is a professor at the MIT Sloan School of Management, Co-Director of MIT’s Fintech@CSAIL and Senior Advisor to the MIT Media Lab Digital Currency Initiative. He was formerly Chairman of the U.S. Commodity Futures Trading Commission, Under Secretary of the Treasury, and a partner at Goldman Sachs. Author: Gary Gensler Source link