Bitcoin (BTC) Hesitates But Further Recovery Above $7.2K Seem Likely

Bitcoin is currently trimming gains after struggling to clear the $7,400 barrier against the US Dollar. The price is likely to stay above the $7,000 and $6,950 support levels in the near term. There is likely a bullish flag forming with resistance near $7,170 on the hourly chart of the BTC/USD pair (data feed from Kraken). There are chances of a nice upward move if the price surges above $7,200 and $7,400. Bitcoin price is trading below a few key resistance such as $7,400 against the US Dollar. Having said…

Crypto Market Cap & Bitcoin Flirt With Key Resistance: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap is facing a strong resistance near the $190.0B and $195.0B levels. Bitcoin price is also struggling to surpass the $7,300 and $7,400 resistance levels. Litecoin (LTC) price is declining and it might trade below the $45.00 support area. BCH price is struggling to hold the key $205 and $200 support levels. Tron (TRX) price is up more than 2% and it is approaching the $0.0150 resistance. Cardano (ADA) price is now trading well below the $0.0138 and $0.0140 levels. Bitcoin (BTC) and the crypto market…

Libra Co-Founder Says It Isn’t Competing With Fiat Currencies

Libra co-founder and chief economist of Calibra Wallet Christian Catalini has attempted to clear up misconceptions in relation to the planned digital coin in an interview with CNN’s Julia Chatterley. The release of the whitepaper on Facebook’s (NASDAQ:FB) proposed coin back in June prompted massive debate from politicians around the world, most of which vehemently oppose the plan as they feel it poses a threat to the economic sovereignty of nations. Catalini has attempted to allay some of those concerns by saying that Libra is, at its most basic, a…

Telegram Founder Durov Should Testify in SEC Case Over Gram Token: Judge

Telegram’s founder and CEO Pavel Durov, as well as two other employees, should give testimony in the SEC vs. Telegram case, a judge has ordered. According to a document signed by District Judge P. Kevin Castel at the New York Southern District Court on Monday, Durov’s deposition should take place on Jan. 7 or 8, 2020, at a location “agreed upon by the parties.” That would be a little more than a month before Telegram is scheduled to meet the SEC in court to dispute the legal status of the…

Global Stablecoins Pose Risks to a ‘Fragmented’ Europe

European Central Bank (ECB) board member Benoit Coeure has warned that global stablecoins remain untested and raise potential risks across multiple policy domains.   Coeure, a member of the ECB’s Executive Board, made his remarks at the Joint Conference of the ECB and National Bank of Belgium on Nov. 26, in a speech entitled “Crossing the chasm to the retail payments of tomorrow.” Global stablecoins pose broad policy risks Coeure’s speech was focused on the failure to establish a pan-European, market-led solution for digital retail payments.  Notwithstanding progress with back-end…