Ripple (XRP) Breaking This Variable Will Spark A Strong Rally To $0.26

Ripple is currently recovering above $0.2325 against the US Dollar and bitcoin is trading above $8,700. XRP price is likely to surge towards $0.2500 or $0.2600 once it clears the $0.2400-$0.2420 resistance. Ripple price is showing a few positive signs above the $0.2320 area against the US dollar. The bulls seem to be facing a couple of hurdles near the $0.2400 and $0.2420 levels. Yesterday’s followed important bearish trend line is active with resistance near $0.2385 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…

Ethereum Highly Bullish Despite Setbacks; Here’s What Could Propel It To $200

Ethereum is slowly rising from the $162 support area, similar to bitcoin from $8,500. ETH price could start a decent increase to $180 or $185 if it settles above $170. Ether price is showing a few positive signs above the $162 and $165 support levels against the US Dollar. Bitcoin price is currently attempting to gain traction above the $8,700-$8,750 resistance area. Yesterday’s major bearish trend line is intact with resistance near $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass the $170 resistance…

Craig Wright Court Saga Nears Judgment Day With More Questions Than Answers

It has been over a year since Australian computer scientist Craig Wright proclaimed himself as the inventor of Bitcoin (BTC), and the estate of his late business partner, Dave Kleiman, became clinched in litigation over the fruits of the duo’s collaboration in the inaugural years of the cryptocurrency era. The stakes include billions worth of Bitcoin as well as ownership of blockchain-related intellectual property. Mainly because of what the magistrate judge overseeing the case called Wright’s “willful and bad faith pattern of obstructive behavior,” the pretrial process devolved into a messy barrage…

Swiss Banks Enter the Age of Bitcoin

DAVOS — Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector. Although such bankers may still be a minority, Zurich-based SEBA Bank AG opened in November 2019 with a universal banking license and a suite of services ranging from fiat storage to crypto custody, a crypto-connected debit card that automatically converts to fiat on the backend for regular shopping and crypto-trading options through the bank’s mobile app.   SEBA CEO Guido Bühler said the bank raised…

Now Reporting to the SEC, Grayscale Bitcoin Trust One Step Closer to Public Trading

Grayscale’s Bitcoin Trust now reports to the United States Securities and Exchange Commission (SEC), putting it one step closer to public trading. The announcement Grayscale’s Bitcoin Trust manages investment in Bitcoin on behalf of investors, exposing them to the coin’s potential for gains while mitigating risks. The Jan. 21 announcement advertises the trust as the first of its kind to report to the SEC.  Grayscale’s full Form 10 is available here. Subsequent to this registration, the trust will need to file quarterly and annual reports with the SEC, which will…

Binance’s Peer-to-Peer Merchant Program Goes Live

Earlier today, Binance announced the launch of its Peer-to-Peer (P2P) Merchant Program, a user-oriented fiat currency trading platform.   How the program works In the Jan. 21 press release, the crypto exchange cites increasing demand of global users and a need for higher liquidity as prods for the P2P creation. Binance CEO Changpeng Zhao said:  “In the past quarter, there has been increasing growth in trading volumes on Binance P2P platform, and we have constantly received requests for more fiat-to-crypto access from our global community. To meet the growing users demand,…

In First ‘Pure Crypto’ Hire, Silvergate Bank Recruits Blockstream Liquid Network Exec

Crypto-friendly Silvergate Bank has made its first hire from the hardcore bitcoin community to support an ambitious roadmap for its business serving digital currency clients.  Benjamin Richman, formerly director of business development and partnerships at bitcoin tech startup Blockstream, joined the La Jolla, Calif.-based bank at the end of last month as director of digital currency.  “We’ve hired other folks that are from tech companies that were providing services to some crypto companies, and we’ve hired former law enforcement to help us with AML/KYC/BSA, but in the pure crypto space…

Libra Still Faces Uphill Battle Despite Softened Swiss Stance

A Swiss government memo appears to show a softening in the nation’s stance towards Libra, the proposed digital coin led by Facebook (NASDAQ:FB), just weeks after its former president described the project as a failure. The memo, seen by Bloomberg, shows the Swiss government refusing to rule out the possibility that Libra may one day be granted regulatory approval in Switzerland, despite major reservations being held by EU regulators. Government officials will continue to monitor the progress of the project, paying particular attention to “the form which Libra may take…

3 More Execs Leave Swiss Stock Exchange’s $100M Blockchain Project

Three executives have left SDX, the blockchain-based digital asset trading venue owned by Swiss stock exchange operator SIX Group, since the year began, including two founding team members. Ivo Sauter, SDX’s head of clients and products, and Sven Roth, its chief digital officer, both left their full-time positions in January. Roth will continue as an external advisor to SDX, a SIX spokesperson said. Both joined from Falcon Private Bank in 2018.  Alex Zinder, an architecture lead at SDX, hired a year ago and based in New York, also left this…

Kevin Owocki on Gitcoin and the Future of Open-Source Funding

The founder of one of crypto’s most buzzed-about projects discusses the origins of Gitcoin, controversy and why open source funding needs to evolve. Ever since announcing its fourth round of grants, Gitcoin has been a major subject of conversation across the Twittersphere. In addition to all the excited buzz from both technical projects and media creators vying for grants matched based on E. Glen Weyl and Vitalik Buterin’s quadratic funding model, there has been controversy. Some of that controversy has been from outside the Ethereum community, pointing to Consensys and…