Ripple (XRP) Price Breakdown Might Be The Game Changer

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…

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…

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…