Ethereum Price (ETH) Near Inflection Point With Bearish Angle

ETH price started a short term upside correction from the $201 low against the US Dollar. Ethereum price is currently trading near the key $215 resistance area and is showing bearish signs. There is a key ascending channel forming with support near $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either continue to rise above the $215 resistance or it might resume its downward move. Ethereum price is trading near a major resistance versus the US Dollar and bitcoin. ETH price is likely to…

Tron’s Listing on Major US Exchange Is #1 Priority

Tron (TRX) founder Justin Sun has said that getting the cryptocurrency listed on the American version of Binance or Coinbase is his company’s number one priority. The entrepreneur was responding to tweets from Tron enthusiasts on Aug. 9, with some claiming that investors were concerned that United States citizens will be unable to trade TRX on Binance. Alarm bells also sounded after TRX was absent from a list of 30 digital assets being explored for the upcoming launch of Binance’s U.S. marketplace. Questions from Tron community Above a screenshot of Binance’s…

How Brexit Will Affect the UK Fintech Industry? Experts Answer

Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the fintech industry in the United Kingdom? We asked experts from the London Fintech Week, the U.K. in a Changing Europe, the University of Nottingham and more. Meanwhile — and this should be underlined — a lot of experts declined to give comments on such a politically sensitive topic. While the U.K.’s government was trying to deal with Brexit, with numerous negotiations…

Naughty North Korea, India’s Bombshell, LTC Flops

U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known as FedNow, it is hoped the infrastructure will lead to faster transactions 24 hours a day, seven days a week. Presently, it is set to launch some time in 2023 or 2024. Morgan Creek Digital Assets co-founder Anthony Pompliano was dismissive of the plans, tweeting: “Bitcoin is already available.” Despite his oozing sarcasm, other crypto-related companies…

Bitmain Accuses Cryptocurrency Project of Impersonation

Cryptocurrency mining hardware manufacturer Bitmain has accused a cryptocurrency project of falsely using its name in the promotion of a product dubbed Mangocoin (MNG). In an Aug. 9 blog post, Bitmain states that it came across a fraudulent use of its brand in the sale of a product dubbed “Bitmain Cloud Miner” and in the promotion of Mangocoin. The fraudsters allegedly masqueraded as Bitmain and promoted the products on their website, application and software. Bitmain thus warned the public that Mangocoin and its social media accounts, website, application and dedicated…

Tron Officially Releases Sidechain Scaling Solution Sun Network

Blockchain-based decentralized application platform (DApps) Tron (TRX) has announced the release of a sidechain scaling solution, the Sun Network, in a blog post published on Aug. 11. Tron has released the V1.0 code for the Sun Network, which is a scaling solution designed to enhance and ensure a supposedly unlimited scaling capacity of the Tron mainnet. This will purportedly let DApps consume less energy and run with higher security and efficiency on Tron. The post further reads that the Sun Network supports smart contract transactions and more customizable requirements such…

China’s Digital Currency Is Ready, Central Bank Says

The People’s Bank of China (PBoC) has claimed that its digital currency “can now be said to be ready.” According to PBoC deputy director Mu Changchun, a prototype that adopts blockchain architecture has been successfully developed after five years of research. His announcement, made at the China Finance 40 Forum, was reported by local news site Shanghai Securities News on August 10. Two-tier operating system Mu said issuing a digital currency using a pure blockchain architecture would be difficult to achieve in a country as big as China because retailers…

Top-5 Crypto Performers: BNB, BTC, XMR, LEO, DASH

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. About 15 countries, including the G-7 nations, have agreed to create a new system to share personal data of cryptocurrency users to keep a check on money laundering and other illegal activities. The Financial Action Task Force, an international organization comprising more than…

Abu Dhabi Sovereign Wealth Fund Invests in Cryptocurrency Exchange

The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains. As UAE English language newspaper Gulf News reported on Aug. 11, Mubadala Investment Capital has invested in MidChains, a digital currency trading platform set to launch in late 2019 in Abu Dhabi. The exchange will be located in the international financial center and free zone Abu Dhabi Global Market (ADGM). Commenting on the investment, Basil Al Askari, co-founder of MidChains, told the Gulf News: “We’re an exchange. You can think…

Analysts: Bitcoin to Post More Losses After BTC Flash Crash to $11,200

Youch. On Saturday, Bitcoin (BTC) was subject to the umpteenth flash crash in the past few weeks. Within a few minutes’ time, the cryptocurrency had shed $500 — around 4.5% — to lose the key support of $11,800. Related Reading: Crypto Tidbits: Bitcoin Mining by Blockstream, Ripple Investment Plans, Binance US Unveils Altcoin Lineup Bitcoin has since found some stability, ranging between $11,100 and $11,450. Altcoins have, surprisingly, outpaced BTC for the first time in a number of days, with some crypto assets managing to post slight gains on the…