From hype to scam: top companies raise awkward questions about ICOs

From hype to scam: top companies raise awkward questions about ICOs

PwC supports crypto, Bill Clinton is a speaker for Ripple, South Korea ends taxes for exchanges, a book about Winklevoss, Ripple partners Madonna, Jimmy Wales has 'zero' interest about crypto, Morgan Stanley hires crypto specialist

Related news

Japan Plans To Build A “SWIFT-LIKE” Blockchain Payment Network

According to an insider familiar with the matter on Thursday, the Japanese government is leading innovation to build a payment network for cryptocurrencies similar to SWIFT used by banks. This news comes in an effort of the Japanese government to fight financial crimes and money laundering. According to the report,  these are issues resulting from either the adoption and/or use of the blockchain and cryptocurrencies in the region. As the innovation is yet to be made public. The insider source, whose identity is not certain for security reasons, clarified that the innovation is in active development. The new crypto payment system would allow for a much easier mode of settlements, transaction speed, and cost-effectiveness. According to the source, the Japanese government aims to corporate with other countries in achieving this accomplishment. The developments would be monitored by the Intergovernmental Financial Task Force (FATF). The development, according to the report was proposed by the Japanese Ministry of Finance and approved by the FATF in June of this year and plans of implementation have since then begun. Japan is known to have widely adopted the blockchain technology and made many innovations from its building blocks. The country leads a pack including other countries which have active blockchain and cryptocurrency regulatory practices and allows for active developments in the blockchain and crypto space. Although recently, Japan was one of the countries which disapproved of the much controversial Facebook cryptocurrency, Libra. The Bank of Japan (BoJ) too recently went against the idea of central banks developing national cryptocurrencies. The nation has been investing heavily in developing itself using the blockchain as a means of substantial economic growth and developments. At the moment, no regulatory measures have been taken by the country’s Financial Service Agency (FSA) and how this new crypto payment network would be regulated. The post Japan Plans To Build A “SWIFT-LIKE” Blockchain Payment Network appeared first on Coingape.
CoinGape

Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

Ripple price found support near the $0.2830 level and recovered recently against the US dollar. The price traded above the $0.2940 resistance and the $0.3000 pivot level. This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now trading with a few positive signs above the $0.3050 support area. Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is an upside break above the $0.3230 resistance area. Ripple Price Analysis Yesterday, we saw a strong drop in bitcoin and Ethereum, but dips were limited in ripple price against the US Dollar. The XRP/USD pair broke the $0.2940 support level and traded to a new monthly low. A swing low was formed near $0.2833 and recently the price started an upside correction. There was a break above the $0.2940 and $0.3000 resistance levels to start a recovery. Moreover, this week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair. It opened the doors for more gains above the $0.3150 resistance. However, the upward move is facing hurdles near the $0.0.3230 and $0.3240 resistance levels. As a result, the price corrected gains below $0.3150 and the 100 hourly simple moving average. Besides, there was a break below the 23.6% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high. However, there are many supports on the downside near the $0.3050 and $0.3040 levels. The 50% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high is also near the $0.3040 level. There is also a connecting bullish trend line forming with support at $0.3045 on the same chart. Therefore, the price is likely to find bids near the $0.3040 or $0.3050 level. Below the trend line and $0.3040, the price may perhaps test the $0.3000 pivot level. On the upside, the main resistance is near the $0.3230 and $0.3240 levels. If there is a convincing break above $0.3240, the price could accelerate gains in the near term. Looking at the chart, ripple price remains well bid above the $0.3040 level. As long as there is no close below $0.3000, the price is likely to continue higher. A clear break above $0.3240 might push the price to $0.3450. Technical Indicators Hourly MACD – The MACD for XRP/USD is likely to gain strength in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level, with a bullish angle. Major Support Levels – $0.3050, $0.3040 and $0.3000. Major Resistance Levels – $0.3230, $0.3240 and $0.3320. Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K was last modified: July 18th, 2019 by Aayush JindalThe post Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K appeared first on NewsBTC.
NewsBTC/analysis

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.