Please share if you find this article interesting. Blockchain Ecosystem to Give Unbanked Access to Financial Services in Developing Countries A new blockchain-based ecosystem is vowing to help 490 million unbanked and underbanked people across Southeast Asia access modern financial services. According to TraXion, only 54 percent of adults in developing countries have access to a bank account. This is even more keenly felt in the Philippines, where 80 percent of families are unbanked or underbanked. Across the country, credit cards have a penetration rate of just 3 percent. The platform is hoping to create “fair and easy access” to a suite of services including low-cost remittances, savings accounts, cashless payments, peer-to-peer lending and insurance. It believes that opening
Please share if you find this article interesting. Japan’s LINE Plans to Launch Crypto Exchange in July, Excludes Japanese, US Traders Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. In a press release, the company, which counts around 200 million monthly users, confirmed it would offer crypto-to-crypto trading platform BITBOX “globally” excluding the U.S. and Japan. “With the need to trade cryptocurrencies rising around the world, LINE has been preparing to provide opportunities for users to do so securely, and as the secure system is in place now, the company will be offering the service,” the release states. As Cointelegraph reported in January, LINE had been in talks with Japanese regulators ove
Please share if you find this article interesting. Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China Mining In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave of Kaliningrad. Also Read: FBI Currently Investigating 130 Crypto-Related Cases Chip Manufacturer Ebang Communications Files for IPO in Hong Kong Major mining chip manufacturer Ebang Communication has become the latest leading firm operating in the bitcoin mining industry to file for an IPO in Hong Kong. The c
Please share if you find this article interesting. PR: Cryptagio Obtains Licences - Is Half Way to Becoming a Crypto Fiat Exchange - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Tallinn, Estonia, — On its way to supporting fiat currencies, Cryptagio digital asset exchange is halfway through. The company has recently obtained licences for providing its users with a crypto-fiat exchange as well as wallet services. The first licence (authorization number FVR000169) allows Cryptagio exchanging fiat to crypto and
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Remains Range Bound Key PointsBitcoin price is stuck in a tight range between the $6,000 and $6,300 levels against the US Dollar.There is a declining channel forming with resistance near $6,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair must clear the trend line, $6,200 and $6,300 resistance levels to gain upside momentum.Bitcoin price remained in a range above $6,000 against the US Dollar. BTC/USD needs to clear the $6,200-6,300 hurdle for an extended recovery in the near term.Bitcoin Price AnalysisDuring the past three sessions, there was no major move above $6,220 in bitcoin price against the US Dollar. The BTC/USD pair remained confined in a range below the $6,300 res...
Please share if you find this article interesting. Ethereum Classic Price Analysis: Can ETC/USD Surpass $16? Key HighlightsEthereum classic price is trading nicely above the $14.25 support area against the US dollar.There is a major bearish trend line formed with resistance at $15.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair has to clear the $15.60 and $16.00 resistance levels to gain upside momentum in the near term.Ethereum classic price is slowly moving in a positive zone against the US Dollar and Bitcoin. ETC/USD could accelerate gains above $16.00 if buyers gain control.Ethereum Classic Price ResistanceThere was a decent upside move in ETC price above the $14.25 and $15.00 resistance levels against the US dollar. The ETC/USD pair traded close to...
Please share if you find this article interesting. FBI Currently Investigating 130 Crypto-Related Cases - Bitcoin News Regulation The Federal Bureau of Investigation has reportedly revealed that it is working on 130 cryptocurrency-related investigations, citing an increase in illegal activity facilitated by crypto payments. These cases “encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware attacks.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FBI’s 130 Crypto-Related Cases The Federal Bureau of Investigation (FBI) reportedly “has 130 cases tied to cryptocurrencies,” according to Supervisory Special Agent Kyle Armstrong. Speaking at the Crypto Evolved conference Wednesday in New York, he was quoted by Bloomberg: The ca
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Consolidating Losses Key HighlightsRipple price traded close to the $0.4750 resistance where it faced sellers against the US dollar.There is a short-term ascending channel in place with support at $0.4620 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could break the channel support and $0.4600 for a downside extension in the near term.Ripple price is currently consolidating losses against the US Dollar and Bitcoin. XRP/USD may perhaps resume its decline if it fails to move above $0.4750 and $0.4800.Ripple Price ResistancesThere was a short-term low formed recently near $0.4470 in Ripple price against the US Dollar. The XRP/USD pair started a minor upside correction and t...
Please share if you find this article interesting. Associations Challenging Crypto Ads Ban to Proceed with Lawsuit - Bitcoin News News Facebook’s recent decision to partially lift the ban on crypto ads will not stop a planned legal action against the measure. Crypto associations and businesses from several countries announced earlier this year their intentions to sue internet giants imposing such restrictions. The claimants want to proceed with filing the lawsuit, despite the policy update. Also read: Study Links Social Media Posts to Bitcoin Prices Class Action Against Giants Will Be Filed The class action lawsuit against a number of international IT-corporations will be filed in court, despite the change in the advertising policy of Facebook, confirmed Yuri Pripachkin, pre
Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD’s Bearish Trend Intact Key HighlightsETH price corrected a few points higher towards the $448-450 resistance against the US Dollar.Yesterday’s highlighted key bearish trend line is in place with resistance near $452 on the hourly chart of ETH/USD (data feed via Kraken).The pair struggled to move above $450 and the 100 hourly simple moving average, which is a bearish sign.Ethereum price remains in a bearish zone against the US Dollar and Bitcoin. ETH/USD could continue to move down as long as it is below $450.Ethereum Price Upside HurdleYesterday, ETH price moved further lower and traded close to the $420 level against the US Dollar. The ETH/USD pair formed a low at $419.96 before starting an upsid