Crypto News Roundup for Oct. 15, 2021

New findings have revealed that controversial stablecoin issuer, Tether, is seemingly working on a new stablecoin project dubbed “CNHT”. The new stable coin will be pegged to the offshore Chinese official fiat currency Renminbi (RMB/CNY). This was confirmed today by Zhao Dong, a shareholder at Bitfinex, a cryptocurrency exchange owned by iFinex Inc., which is…

TL;DR XRP fell to around $0.56, but some analysts see a trend reversal for the asset Tightened Bollinger Bands and a low RSI suggest a possible price surge for Ripple’s token. X RP ‘Breakout’ Incoming? While Ripple’s XRP spiked above $0.60 last week, the broader crypto market decline suppressed its rally in the past few

A former executive of the European arm of the bankrupt cryptocurrency exchange FTX has bought a gold pocket watch recovered from the Titanic wreck for £1.175 million ($1.5 million), the largest sum ever spent on any piece from the memorable incident. According to a Wall Street Journal report, German fintech entrepreneur and former head of

The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency miners to disclose data related to how much electricity they consume. The so-called “Emergency Survey” marks another attempt by the U.S. government to curb the negative excesses of Bitcoin mining, which Democrats have widely criticized for polluting the environment. The Emergency Bitcoin Mining

ETH/USD – Bulls Climb Back Above 50-day MA Key Support Levels: $2800, $2600, $2380. Key Resistance Levels: $3000, $3070, $3250. ETH is attempting a recovery from last week’s market capitulation with a 9.7% price hike today, allowing it to break above $2800 and climb beyond the 50-day MA again. The cryptocurrency fell beneath the 50-day…

A lot can change in the cryptocurrency industry within a week, and the waves indeed fluctuated in the past seven days. The market rejoiced recently as several multinational financial giants filed for a Bitcoin Spot ETF, but the tides could be turning now, according to a WSJ report from Friday. Let’s unpack. BlackRock shook the…

The giant US multinational investment bank JPMorgan Chase & Co could be among the next entities to get involved with bitcoin. The bank’s co-president Daniel Pinto recently said that while the demand for the first-ever cryptocurrency isn’t fully there yet, it will be at some point, and the institution has to be prepared. JPM To…

Bitcoin briefly blew past the highest levels of 2022 overnight after reclaiming several key resistance points. Owing to the resurgence of the positive trend, crypto funds have seen fresh investment inflows. The latest data reveals that digital asset investment products saw inflows totaling $193 million last week. This marks the largest volume since mid-December 2021.…

Bitcoin’s price has been on a whopping run that drove it from $68,000 on US election day just over a week ago to a fresh all-time high of over $93,000 earlier this morning. After gaining roughly $25,000 within the span of less than ten days, the crowd has expectedly turned highly bullish and the levels