Ripple price is declining and it recently broke the key $0.2200 support area against the US dollar. The price is likely to face hurdles near $0.2200 and $0.2240 in the near term. Yesterday’s key bearish trend line is intact with resistance near $0.2200 on the hourly chart of the XRP/USD pair (data source from Kraken). The bears are currently in control and they seem to be eyeing a test of the $0.2120 support. Ripple price is now trading below key supports against the US Dollar and bitcoin. XRP price is…
Day: December 11, 2019
Ethereum (ETH) Turned Sell On Rallies, What’s Next?
Ethereum is down more than 2% and it broke the $142 support area against the US Dollar. The price is currently correcting higher, but it could face hurdles near $142 and $144. Yesterday’s major bearish trend line is active with resistance near $145 on the hourly chart of ETH/USD (data feed via Kraken). The price remains in a bearish zone and it may perhaps decline further below $138. Ethereum price is showing bearish signs below $145 versus the US Dollar, similar to bitcoin below $7,200. ETH price is likely to…
Netherlands Plans to Punish Crypto Scammers With Up to 6 Years in Jail
The Dutch government is about to get tougher with fraudulent schemes involving banking apps and cryptocurrencies. Author: Daniel Palmer Source link
Circle Confirms New Round of Layoffs Following Co-CEO Departure
Circle laid off about 10 employees in its latest effort to cut costs. The move follows a round of 30 layoffs in May. Author: David Pan Source link
SEC Charges Shopin CEO With Fraud Over Unregistered $42M ICO
The SEC is also charging Eyal with failing to register the Shopin token sale as a securities sale, and is looking for a permanent injunction, disgorgement, civil penalties, to permanently bar Eyal from acting as an officer or director in any public company, or from participating in any future token sales. Author: Nikhilesh De Source link
Jack Dorsey Announces New Twitter Team: Square Crypto, but for Social Media
The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s fintech unicorn Square. Likewise, the new Twitter entity would focus on open standards for decentralized processes across social platforms, rather than proprietary structures. Although Dorsey didn’t directly associate the disparate efforts, he hinted that the “fundamentals” of blockchain technology might offer some tools for “open and durable hosting, governance, and even monetization.” Author: Leigh Cuen Source link
ICC and Blockchain Firms Agree on $40B Funding for Climate Projects
The International Chamber of Commerce (ICC) has partnered with a Singapore government-backed blockchain startup to reduce carbon emissions in commercial aviation. In a press release on Dec. 10, the ICC said that a partnership with Perlin and blockchain-based carbon offset exchange AirCarbon will provide $40 billion for climate projects in the aviation industry. ICC: partnership will inspire action The three partners launched the scheme on the sidelines of the United Nations Conference on Climate Change, or COP 25, in Madrid. “As part of ICC’s declaration for the next century of…
Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users
Denmark-based cryptocurrency users have begun receiving letters from the Danish tax agency, Skattestyrelsen, requesting that traders provide a full background of all their cryptocurrency transactions, sources informed Cointelegraph on Dec. 10. In its letters, Skattestyrelsen specifically asked crypto users to provide information about profits and losses for fiscal years 2016 to 2018, according to FIFO (First In First Out) principles. These principles represent a method of inventory valuation assuming that all goods are sold or used in the same chronological order in which consumers purchased them. Furthermore, the tax agency…
Soccer Teams Like Juventus Look to Score With Blockchain Push
On Dec. 2, Italian soccer giant Juventus revealed that the long wait for its much-hyped fan token had finally come to an end. In regard to the matter, news of the deal first came to light back in 2018, when it was revealed that the token would allow holders to take part in a host of voting and polling-related decisions. It has been reported that the $JUV coin took nearly a year and a half of full-time development and was created by the club in conjunction with Socios, a tokenized…
Santander Redeems $20M Bond Using Ethereum Blockchain
Spain’s multinational banking giant Banco Santander has just redeemed a $20 million bond using the Ethereum blockchain. The firm has performed an early repayment of the blockchain-based bond that was issued on Sept.10, 2019, which purportedly shows that the public Ethereum blockchain can be applied to securities issuance across the full lifecycle of a security. “Debt security can be managed through its full lifecycle on a blockchain” John Whelan, head of Digital Investment Banking at Santander, tweeted on Dec. 10: “We just performed an early redemption of our blockchain-based bond…