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OKCoin is currently leading in digital asset exchange, and it operates in about 184 countries. OKCoin, on March 6th, announced the appointment of Tim Byun as OKGroup's GGRO (Global Government Relations Officer).  In similar changes, Hong Fang, OKGroup's current company chairman, was announced as the CEO, changes that will take effect on March 31st, 2020.  Mr. Byun's role in the creation of OKCoin, especially in the US, was excellent, with him propelling the company to launch its first US office.…

Recent price movements of ETH shows a possibility of further drops. For instance, just yesterday, the coin could not cross the block at $235 and instead plunged by 15%. Just below the $215 support, there was a slight break at the 100 hourly SMA.  There were further price plunges below the $200 mark. Further, ETH's price dropped to set the lowest monthly price at $196 and started experiencing losses.  The $205 barrier was formed on the price, and there will…

Last week, the BTC price initiated a steady rise above the $8700 and $8880 resistance levels against the USD. It gained traction and even managed to rise above the key $9000 resistance. Nevertheless, the price faced a strong resistance close to the $9200 region and the 4-hours simple moving average (SMA). A Look at the BTC/USD 4-Hours Chart The BTC/USD 4-hours chart reveals a critical bearish trend line, with resistance around $8700. However, Bitcoin failed to clear the trendline, $8700 resistance,…

HashCash Consultant is thinking of investing $10 million in the Indian blockchain and cryptocurrency economy. The announcement came after India’s Supreme Court verdit on cryptocurrencies, which lifted the ban imposed on them by the RBI. HashCash’s CEO, Raj Chowdhury on Investing in India’s Crypto Industry  According to Raj, India’s Supreme Court verdict is a historic judgement that put India back in the global map. He said that the reinstating of crypto activities paved the way for an entire geography, for…

Weiss Ratings, a financial agency, shared its take on the role Ethereum plays in the crypto industry. The financial agency stood up to protect the Ethereum blockchain and its ETH coin. Weiss Ratings also rebuked countries like the US and China for wanting to develop CBDCs. The financial agency supports decentralized currencies and not centralized ones. The crypto rating firm also pointed out that the Ethereum network is expanding the cryptocurrency industry. The agency mentioned some of the leading crypto…

Coronavirus outbreak affected two major crypto conferences to happen in the United States. These two conferences are the ‘Bitcoin 2020’ and ‘The DC Blockchain Summit 2020’. The Blockchain 2020, initially scheduled for March 27 and 28 in San Francisco, will occur in the Q3 of 2020. The DC Blockchain Summit scheduled for next week will happen later after further communication. Further Details on the Two Crypto Conferences The Bitcoin 2020 organizers assured all attendees that their conference tickets are still…

On the 24th of February 2020, Eric Demuth, Bitpanda’s CEO, referred to Bitcoin as Gold 2.0, the better version of gold. He spoke during the Blockchain Economy 2020 conference in Istanbul, Turkey. Demuth also spoke about Turkey as its first expansion hub outside the European Union. It is due to its high demand and other factors such as its geographical size, proximity, and cultural infinity. Comparing Digital Currencies with Precious Metals The Bitpanda Exchange trades Bitcoin and other precious metals,…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $251 billion. Bitcoin gets bullish support to move above $9,000 before dropping just below the mark. Ethereum value consolidates around the $230, with its sight set on the $250 target. XRP ends below the resistance level of $0.235 after an impetuous rise of up to $0.245 India finally lifts an RBI ban on cryptocurrency…

IOTA founder Sønstebø intends to refund victims of the major February 14 IOTA hack with his own tokens.  The exchange plans to re-enable its network in the coming days to revive IOTA prices. Time will tell whether the Foundation will be able to make strides towards improving the security of its network and wallets. Towards the end of last week, IOTA co-founder and board co-chairman David Sønstebø revealed on twitter that anybody who lost funds in the recent IOTA [wallet]…