Crypto Newsletter

Cardano Price Analysis: ADA/USD stuck at $2.5 price barrier, will bulls retest $2.0?

Today, Cardano price analysis is bullish after undergoing a 5 percent upswing overnight and crossing the $2.5 mark. The bulls are hotly pursuing the $2.9 barrier once again as they attempt to break above $3.0. We expect Cardano to rise in the next 24-hours as the bulls prepare to spike above the intraday high at $2.63.

Chinese District to conduct Bitcoin (BTC) mining inspection and lay down additional Crypto Laws

The State Power Company of China, Lanzhou, Gansu announced on its website, that the district will be organizing a task force to conduct inspections on Bitcoin, along with other cryptocurrency mining companies. This has come instead of the District’s efforts at implementing energy consumption control measures during their “14th Five-Year Plan”

Mastercard announces acquisition of the crypto intelligence firm CipherTrace.

Mastercard, the US-based financial services firm, recently announced that the company is planning to acquire CipherTrace, one of the leading crypto intelligence companies, to enhance its capabilities in the field of digital assets. The terms of the deal were not disclosed, and the transaction is expected to close before the end of 2021. Major financial institutions have shown increased interest in the crypto sector this past year.

XRP Price Climbs 14% in 10 Minutes After False Relisting Alarm

XRP price rose to a new daily high of 1.24 after a sharp 14% gain within 10 minutes before falling to the $1.10 level. The sudden spike in the price of the seventh-largest cryptocurrency was attributed to a false listing alarm on Coinbase Pro. A technical glitch or an error on the Coinbase side led to traders seeing the XRP trading option on the platform.

SEC charges Rivetz over an alleged illegal securities offering in which it raised over $18 million.

The United States Securities and Exchange Commission (SEC) has charged Rivetz over an alleged illegal securities offering that brought in $18 million. Rivetz was founded in 2013, and the now-defunct blockchain hardware firm has been accused of generating $18 million via an unregistered securities offering between July and September of 2017 from more than 7,200 investors. The financial watchdog has been tightening its grip on the crypto sector.

New blockchain platform aims to track one third of all shipping containers globally

Global Shipping Business Network (GSBN) has launched a new blockchain-based platform that could potentially track one-third of shipping containers across the globe.

Report Says Western Union Could Lose $400M if El Salvador's Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In

The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet is used more. Furthermore, the creator of the world wide web, Tim Berners-Lee has written an opinion piece about why Salvadoran president Nayib Bukele announced the bitcoin tender law at the Miami bitcoin conference.

Ohio man pleads guilty to fraud over $30M crypto scam promising 15% monthly

The man behind a multi-million dollar cryptocurrency scam has pleaded guilty to fraud this week according to the U.S. Department of Justice.

Trading Bitcoin's like trading stamps, says Swedish central bank governor

In comments at a Swedish banking conference, Sveriges Riksbank Governor Stefan Ingves warned that private money “usually collapses sooner or later.”

Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks

Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept. 24 compliance deadline.