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Last week, a vast ETH upsurge led to a 20% gain based on the price data from Coin360. ETH’s performance was greater than for Bitcoin, which gained 9% within the period. Nevertheless, ETH’s performance was lower than other altcoins that saw massive parabolic rallies within a few days. BSV close to 250% at the Zenith of the rally this week, ETC secured 100% gains as Zcash more than doubled. Crypto analysts worry about the immediate direction of ETH, despite its…

Seba is a new digital asset bank holding regulatory licensing based in Switzerland. The bank is attempting to develop a secondary capital of more than $95 million in additional funds. According to Financial News London on the 17th of January, the firm wants to secure 100 million CHF(96.5 million USD) from new investors, financial institutions, family offices, and individuals. Seba Bank AG is a crypto-friendly startup, and the announcement of its launch emerged in November 2019. The announcement came following…

The Canadian government recently issued new guidance towards the cryptocurrency trading platforms’ determination to come under derivatives law. On January 16 2020, the Canadian Securities Administration (CSA) released a document explaining the new provisions. The document has the title “Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets”. In general, the agency differentiates between trading platforms that deliver cryptocurrency assets to users immediately, and the ones that hold the transaction of cryptocurrency assets until…

Libra Association has come up with a five-member steering committee, which will help develop and coordinate the Libra network’s technical design, specifically the management.  The new development comes from a blog post on the Libra Association’s 16th of January 2020. According to the association, the committee consists of five members, including Diogo Monica of Anchorage, George Cabrera III at Calibra, Joe Lallouz at Bison Trails, Nick Grossman at Union Square Ventures, and Ric Shreves at Mercy Corps.  The Libra committee aims…

The BTC/USD price settled below $8.7k; however, it secured powerful support above $8.5k. Currently, the price is inclining and may rally if it surges above the hurdle zone between $8840 and $8900. Yesterday, there was a retracement to the downside following the rejection of BTC/USD close to the $8.9k hurdle The price went below the support at $8.7k, but the buyers defended $8.54k and $8.5k. However, the sellers could not take the price below the double top pattern’s neckline support…

Binance Holdings Limited considered the world’s most lucrative cryptocurrency exchange based in Malta, recently made announcements about the intended partnership deal with Z Corporation. The Z Corporation is a full- owned ancillary of Z Holdings Corporation and TaoTao Inc., the Japanese digital currency exchanges.  Based on the reports released by the Binance, it kicked off the discussion to initiate the partnership between both entities. With respect to this, Binance anticipates the trading service launch for respective Japanese customers. Licensing of…

The classification of XRP has presented various issues, bringing about the class action suit employed in determining the digital asset category. Ripple's CEO, Brad Gradlinghouse, recently confirmed the story, sharing his concerns on the matter. He went on to guarantee that XRP cannot be under the classification of asset security. The primary reason for this followed the lawsuit initially filed against the firm due to its involvement in selling unregistered tokens in 2018. As a result, the Ripple firm's motion…

The news site RIA Novosti announced earlier today aired the priorities of Mikhail Mishustin, the newly confirmed Prime Minister of Russia. His major focus was on calling for significant prioritization of the country's digital economy targeting the immediate implementation of the newly updated information technologies. He further urged utilizing the programs to foster a Russian digital economy.  Russian Digital Economy His appointment came after the resignation of the former prime minister, based on Federal Assembly changes made by the Russian…

The BTC/USD pair price recently showed struggles surpassing the $8,900 hurdle, twice. Based on its analysis, the price may fall up to $8,300 and even $8,200. The day before presented a higher price hurdle at $8,500 based on its rally extension. Generally, the BTC price experienced a surge headed towards the $9,000 value; although, the trend illustrated a struggle moving past the $8,900 level.  BTC Price Movements Following two specific occasions, buyers attempted to move the BTC price over hurdles…