CryptoNews on September 24-28

Tim Draper, billionaire, cryptoinvestor: "I think <cryptocurrencies> will have such a transformation effect on industries that we never even imagined would be imitating. The Internet went for industries that were $10-100 billion dollars markets, cryptocurrency will go for billions of dollars markets – this is finance, healthcare and insurance, banking and investment banking and governments."

Bitcoin started bearish on Monday and the price dropped again to the last week levels at $6330. Positive news on Wednesday gave the digital currency a chance to recover. On Thursday it crossed the 100-day MA at $6676 aiming the resistance at $6812. The next resistance is at $7360. If situation on the market changes, the support is at $6194.

Yet another attempt to control the wild west of digital money?

On Tuesday representatives from the US Congress, equity markets (Fidelity, Andreessen Horowitz and Nasdaq) and crypto community (Ripple, Coinbase and Circle) discussed the regulations of cryptocurrencies.

These discussions may, however, have positive effect: Google will allow an advertisement of cryptocurrencies for Japanese and the US exchange platforms, that is, for two key markets in October.

The leading crypto trading platform Binance will increase the market supply of its own tokens from $112 to $144 million.
Another one football club, Italian Juventus announced the release of its own cryptocurrency. Can’t wait for football fans to crash trading platforms.
Blockchain payment platform for government department’s needs was launched in Dubai. The goal of this project is to make a transparent environment for the financial flows and to reduce time of processing payments. If only all countries followed Emirates’ approach!
The US court defined crypto as a commodity during the proceedings against “My big coin pay inc.” scam project.
Chinese search engine Baidu presented white paper of its own blockchain platform Super Chain which will help to optimize any industry from product quality controlling to tourism.
Equities switch to blockchain: The Austrian government will release bonds with a total value of $1.35 billion using Ethereum technology on October 2.
SWIFT has a new competitor now. Blockchain startup Veem attracted $25 million of investments with the main investor Goldman Sachs
Japanese financial giant SBI Holdings started testing its own cryptocurrency S coin. They plan to use the crypto for mobile payments. And if you launched your own cryptocurrency, how would you name it?
Sophos, cyber-protecting company, found viruses-miners in 25 applications on Google Play.

So maybe the tetris game you downloaded yesterday helped someone to earn some BTCs ;)

Bitcoin $6,736.7 (+4.34%)

DASH $192.83 (+4.19%)

Ethereum $226.63 (+6.51%)

Litecoin: $62.390 (+9.40%)

Similar

23.12.2020 08:54 USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

22.12.2020 08:00 The US jobless claims!

The US unemployment claims are announced on Thursday at 15:30 MT time.

21.12.2020 08:00 Will the Canadian dollar rise?

The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.

Latest news

14.01.2021 11:20 ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.

14.01.2021 09:23 Markets await Biden to unveil "trillions dollars"

Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.