SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With Cointelegraph

As one of five commissioners of the United States Securities Exchange Commission, Hester Peirce is at the forefront of securities regulation in the country today. Of interest to Cointelegraph’s readers, her positivity toward the future of cryptocurrencies has earned her the moniker “Crypto Mom.” Backdropped by recent efforts to update exemptions from security offering registration, as well as an ongoing tug-of-war with legislators as to how to handle crypto, Commissioner Peirce sat down with Cointelegraph to discuss recent changes in regulatory approach and what to look for in the next.…

Bitcoin Price Could Rally to $9K Before a Massive Collapse, Here’s Why

Bitcoin price (BTC) has been in a sidewards range for several weeks now, with some people on team bear calling for fresh lows in the region of $3,000 while the bulls have been calling for astronomical all-time highs soon. One thing that is apparent in the market, is that you have to take it one week at a time. With Bitcoin currently heading towards the mid-$7,000 range, is it time to flip bullish? Or is this yet another low liquidity Sunday pump to create CME gap-filling opportunities? Daily crypto market…

Ripple’s XRP Sell-Offs ‘Negligible’ Says CTO as Crypto Stays 95% Down

A senior executive at blockchain payment network Ripple has publicly defended the company against fresh criticism of its associated cryptocurrency, XRP. In an ongoing Twitter debate, David Schwartz, Ripple’s chief technology officer, rebuffed a claim that XRP was designed as a revenue stream for the company. Schwartz: XRP does not make Ripple richer The argument followed further tweets from sources including ex-Bitcoin Core developer Peter Todd, who alleged Ripple’s partners had told him they were not prepared to use XRP. Schwartz protested: “Nobody buys XRP to give Ripple money to…

Bitcoin Users Stock Up as Data Shows Average Price Never Went Bearish

Bitcoin (BTC) never saw a bear market in 2019 — and the evidence is easy to find on the blockchain, according to some prominent figures. Data covering various metrics shows that despite recent price volatility, Bitcoin has held strong throughout its eleventh anniversary year. Investors echo that resolve — as the numbers confirm, so-called “hodlers” are more attached to their stash than ever before. One BTC price is in a perpetual bull market BTC/USD has dipped significantly several times since September. The pair’s rapid rise and fall triggered predictable warnings…

Top-5 Cryptos This Week: BCH, BSV, ETC, EOS, ATOM

Swiss finance minister and outgoing president Ueli Maurer believes that one of the most ambitious crypto projects of 2019, Facebook’s Libra stablecoin, will not be accepted by regulators in its current form. Though Libra has not seen the light of the day, it has forced a number of central banks to take cryptocurrencies seriously. China could be one of the first developed nations to launch a central bank digital currency. Though cryptocurrency trading is banned in China, the regulators are worried about its comeback. The Chinese government wants to ensure…

Mike Novogratz Says Bitcoin Will Hit $12K in 2020, Bets 1 ETH on Trump

Bitcoin (BTC) will hit $12,000 in 2020 as markets recover from fresh suppression, one of its most outspoken investors has said. Mike Novogratz, co-founder of cryptocurrency merchant bank Galaxy Digital, made the “$btc finishes over 12k,” remark as part of his new year predictions in a tweet on Dec. 28. Novogratz bets on Trump and BTC Long an advocate of Bitcoin, the entrepreneur also believed United States president Donald Trump would lose the upcoming presidential election by at least 10 million votes. As Cointelegraph reported, Trump is a critic of…

Bitcoin Weekly Forecast: BTC Price Primed For Bullish Break

After a strong decline, bitcoin price found support near $7,000 against the US Dollar. The price is now trading near the $7,300 and $7,320 resistance levels. There is a major breakout pattern forming resistance near $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could dip a few points, but it is likely to find bids near the $7,180 and $7,050 levels. Bitcoin price is trading above a few key supports against the US Dollar. BTC seems to be preparing for the next bullish…

Why Analysts Think Gold’s Christmas Rally to $1,500 Is Only the Beginning

Over the past few weeks, the price of gold has begun to pick up steam, surging by $35, some 2.5%, in the past three days. In the past four weeks, since the start of December, the asset has gained 4%. While this Santa Claus rally has already brought the price of the metal above $1,500, where it was trading during the peak of trade war talks earlier this year, analysts are currently forecasting that the asset will head higher in the coming months. Related Reading: Prominent Gold Bull Thinks the…

Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins

The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox. Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a substitute for money, Russian news service Interfax reported on Dec. 25. Nabiullina noted that the Bank of Russia is exploring the potential uses of stablecoins — cryptocurrencies that are pegged to another asset to prevent the volatility associated with crypto markets. She said: “We…

MetaMask Contributor Says Project Lacks Support From ConsenSys

A contributor of major Ethereum browser extension Metamask has reported that the MetaMask team is “totally overwhelmed” and not being prioritized by its parent company ConsenSys. In a Dec. 25 Reddit post, Reddit user lazaridiscom3 alleges that the MetaMask team is not getting the support it needs from ConsenSys, and, consequently, the whole team of 24 employees is overwhelmed. Redditor says the Ethereum’s “critical value-moving piece” isn’t decentralized The post, titled “Help MetaMask out of its Activity-Trap,” goes on to say that the MetaMask team has a number of unsolved…