U.K. Payments App Revolut May Launch Its Own Token

Share this article Revolut, a payments app company based in the U.K., is reportedly planning to introduce its own cryptocurrency token. Revolut Could Launch Exchange Token Two sources told Coindesk today that Revolut plans to create a token for use on its payments and trading app. The original report drew comparisons to Wirex’s WXT token, Nexo’s NEXO token, and Binance’s Binance Coin, all of which are usually classified as exchange tokens. This implies that users would earn crypto rewards by holding and using the Revolut token when they make payments.…

Digital dollar advocate will retire as Dallas Fed president

Rob Kaplan, the president and chief executive officer of the Federal Reserve Bank of Dallas will step down from his position after more than six years. In a Sept. 27 announcement, the Dallas Fed said Kaplan, its 13th president and CEO, would be retiring beginning Oct. 8. The 64-year-old cited recent attention to his “financial disclosure risks” in his decision to step down, likely referring to news outlets reporting that he had traded stocks in companies including Apple, Alibaba, Amazon, Facebook, Google and Tesla in 2020 while casting his vote…

Market Wrap: Bitcoin Traders Cautious After China Crypto Ban, DeFi Outperforms

Bitcoin was slightly lower on Monday as traders remained cautious about regulatory crackdowns from China and elsewhere. The cryptocurrency was trading at about $43,000 at press time and is roughly flat over the past 24 hours. Analysts are monitoring blockchain data for signs of buyer accumulation, although it may be too early to tell if sellers have fully capitulated. For now, it appears that some buyers have shifted their focus away from bitcoin and moved into decentralized finance (DeFi) tokens in the wake of China’s crackdown on cryptocurrency activities. For…

Google, the most popular Bitcoin trend indicator, turns 23

Google, the leading indicator used to track the popularity of Bitcoin (BTC) and other cryptocurrencies, celebrated its 23rd anniversary on Sept. 27, 2021. Founded by Larry Page and Sergey Brin when both were students at Stanford University, the search engine has spent the majority of its 23 years of existence being one of the primary entry points to the internet. Following the inception of cryptocurrencies, Google has been widely used as the primary method to search for new coins, track market trends, and learn how to buy crypto. Since internet…

Could A Bitcoin Bull Flag Leave Bears Blindsided

Bitcoin price is at a crossroads, either ready to fall into the troughs of a bear market, or blast off and show the world the bull run has yet to officially end. But which is it? No one truly knows, but a technical pattern and the psychology behind it could reveal the potential outcome ahead of time. Could a potential bull flag forming on daily timeframes confirm, and lead to what is ultimately the checkered flag of the current market cycle? Let’s examine the bullish chart pattern. What Is A…

Traders say Bitcoin’s bullish bias will only be confirmed by a close above $44K

The fallout from China’s ongoing crackdown on the crypto sector has led to uncertainty finding its way back into the market again. At the time of writing, Bitcoin (BTC) traders continue to encounter pushback at the $43,000 level and many altcoins which had accumulated gains in the morning session are also dipping into the red.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by bulls to push the price of BTC above $44,000 was met by firm resistance but the current back in forth appears…

3 Takes About China’s Crypto Ban That Are Wrong — CoinDesk

Following China’s surprise move to make crypto mining and crypto trading services explicitly illegal within its borders, there is still much we don’t know about the real impacts. But, of course, that’s not stopping plenty of commentators from peddling simplified reactions. Here are three common ones – and why they, at best, need fleshing out. Source link