The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."

The Central Bank of Kenya, or CBK, has reportedly started discussions with international central banks to explore the possibility of entering the central bank digital currency space.

CBK governor Dr. Patrick Njoroge told reporters during Georgetown's DC Fintech week that:

"“We [the CBK] are already having discussions with other global players, in various ways, around the introduction of Central Bank Digital Currencies. The push comes as a result of mushrooming of private cryptocurrencies and we are already feeling left out and need to create our own s ... Read more »

Category: News | Views: 94 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

Bitcoin has zero correlation to stocks once more and critics were wrong to doubt its safe-haven status, says the Morgan Creek Digital co-founder.

Bitcoin (BTC) “could not be more uncorrelated” with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind.

In a series of tweets on Oct. 26, the Morgan Creek Digital co-founder, also known as “Pomp,” took critics to task over their accusations that Bitcoin was a poor store of valu

Pomp on safe haven Bitcoin: “The market is proving it”

Pompliano uploaded a chart from behavior analysis platform Santiment, which showed Bitcoin hitting 0 for 30-day correlation with the S&P 500.

&ldq ... Read more »

Category: News | Views: 69 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

Ripple corrected lower from $0.2640, but it found support near $0.2510 against the US Dollar. XRP price is currently rising and it seems like the bulls are aiming a fresh increase above $0.2600.

Ripple remained well bid above the $0.2500 and $0.2510 support levels against the US dollar.
The price is now trading above the $0.2550 resistance and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $0.2555 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to continue higher if it clears the $0.2585 and $0.2590 resistance levels.

Ripple Price Holding Gains

This past week, we saw a sharp increase in ripple above ... Read more »

Category: News | Views: 54 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

As Bitcoin catches a break after exploding above $13,000 last week, it’s mid-cap rival Yearn Finance (YFI) is looking to rally higher.

The prediction comes from a pseudonymous analyst on Twitter who expects a consolidating Bitcoin to disperse a portion of its bullish sentiment across the altcoin market. YFI, an alternative investment asset to Bitcoin and thousands of its offspring cryptocurrencies, could merely benefit from the capital outflow from the king crypto market.

“[YFI is] honestly not looking so bad at the moment,” the analyst explained. “As though [the] price action is holding above $15K for now, there could be room for a further 20 percent-plus move to the upside. ... Read more »

Category: News | Views: 48 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

The upcoming expiration of $750 million in Bitcoin options, which would occur on the last Friday of the month, coincides with other important dates.

A big Bitcoin (BTC) volatility spike could occur by the month’s end as two major factors come into play. The BTC options market nears a massive $750 million expiration and the CME futures market’s open interest has also soared.

When an options expiry nears, holders of options contracts have to adjust their contracts before or right after the expiration. Often times, that could cause volatility in the price of Bitcoin.

... Read more »

Category: News | Views: 68 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.

The co-founder and CEO of major cryptocurrency company Abra is clearly bullish on Bitcoin (BTC).

In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin holdings a few weeks ago. According to the CEO, Bitcoin now accounts for 50% of his total investment portfolio.

Barhydt talked about his holdings on an episode of Money Talks. In an Oct. 23 YouTube live stream, Barhydt reiterated his bullish stance on Bitcoin, claiming that “Bitcoin is the single best investment opportunity in the world right now.”

The executive said that Bitcoin&r ... Read more »

Category: News | Views: 68 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

On October 23, the Microsoft-owned Github leveraged an ostensible DMCA takedown in order to remove 18 projects from the code-hosting portal. According to sources, the takedown stemmed from a request filed by the Recording Industry Association of America (RIAA). Github’s recent move has made the crypto community quite leery of the platform and some proponents are scared that cryptocurrency codebases like Bitcoin’s can be taken down by government forces.

This week the RIAA got the Microsoft-owned Github to remove a number of projects from the code-hosting portal. The code repositories removed stem from a project called the Youtube-dl protocol. The software is a Python library that allows people to download s ... Read more »

Category: News | Views: 64 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

Ethereum is struggling to gain momentum above $410 and $420 against the US Dollar. ETH price might start a strong downside correction if it clears the $400 support.

Ethereum is facing a couple of major hurdles near the $410 and $412 resistance levels.
The price is currently holding the $400 support and the 100 hourly simple moving average.
There was a break below a key contracting triangle with support near $412 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a sharp downside correction below $400 if it stays below $412 for too long.
 

Ethereum Price is Facing Hurdles

Ethereum failed to set a new monthly high above $420 unlike bitcoin against the US Dollar. ETH ... Read more »

Category: News | Views: 54 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

Bitcoin has undergone a strong rally since the lows seen just two weeks ago. The leading cryptocurrency currently trades for $13,050, far above the aforementioned lows and above the medium-term lows set during the September correction at $9,800.

Some have argued that the cryptocurrency is severely overbought. As reported by NewsBTC previously, one trader recently noted that the cryptocurrency’s one-day Fisher Transform indicator is currently at highs not seen since August, May, and February of this past year. As can be seen in the chart, each of the named periods marked medium-term highs in the price of Bitcoin.

... Read more »

Category: News | Views: 59 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)

Bitcoin price traded to a new monthly high at $13,352 before correcting lower against the US Dollar. BTC is currently trading nicely above the 100 hourly SMA and it could attempt another increase.

Bitcoin is trading nicely above the $12,800 and $13,000 support levels.
The price is holding gains above the 100 hourly simple moving average, with a positive angle above towards $13,300.
There is a crucial bullish trend line forming with support near $12,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to continue higher as long as it is above the 100 hourly SMA and $12,800.

Bitcoin Price Is Showing Positive Signs

Bitcoin price remained well bid above the 13,000 resi ... Read more »

Category: News | Views: 67 | Added by: danyagames2007 | Date: 26.10.2020 | Comments (0)