Swiss National Bank President Says Stablecoins Could Hamper Policy

Swiss National Bank President Thomas Jordan says stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy. Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value and units of account, as they are subject to major fluctuations. Jordan went on to say: “Crypto tokens…

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Bitcoin Fails to Break $11,000 Again, Drops $400 in One Hour

Bitcoin gets rejected in its attempt to break $11,000 and drops $400 in less than one hour, while Algorand loses over 17% over the 24-hour period. Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000. Market visualization. Source: Coin360 Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an hour of trading. At press time the world’s most…

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Price Analysis 06/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Will Apple’s interest in cryptocurrencies drive the next leg of the up-move? Let’s analyze the charts. Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge positive as it will attract a large number of retail and institutional investors alike. It is not only large…

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Blockchain Startup DappRadar Raises $2.33M From Naspers, Blockchain.com

Lithuanian blockchain startup DappRadar raised $2.33 million in a seed round led by Naspers and Blockchain.com Ventures, a subsidiary of Blockchain.com. Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding. $2.33 million to expand services  On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group, with participation from Blockchain.com Ventures, a venture capital fund and subsidiary of Blockchain.com, and Angel Invest…

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Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October

The Ethereum Foundation announced that they are pushing back Ethereum’s testnet activation of the Istanbul hard fork to early October. Ethereum’s testnet activation of the Istanbul hard fork has been pushed back to early October, according to the community manager of the Ethereum Foundation, Hudson Jameson. According to CoinDesk on Sept. 6, Jameson said on a developers’ call that the testnet launch of the hard fork is now scheduled to take place in the beginning of October. He added: “For anyone listening in who doesn’t know how this works, we…

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Monthly Macro Support Tested With Impulsive Move

Summary: Shortly after seeing a retest of macro resistance at $10,750, the bitcoin market saw a strong pullback that has us testing a monthly supply level of $10,300. The support retest came about on strong volume and high spread, but is currently showing signs of support exactly where the bulls would want to see the market find support. If we can hold the $10,300 level, I expect to see a strong continuation of our uptrend and for the price to ultimately break new highs above $11,000. However, if we fail…

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Energy Companies Are Missing Out on Bitcoin Mining

In this episode of the Bitcoin Magazine Podcast, the guys bring on Brandon Green, another Bitcoin Magazine staffer, to talk about a spicy op ed he recently wrote about the Bitcoin mining energy consumption problem. Green flips the problem on its head by asking why more energy companies aren’t seeing the business opportunity in servicing cryptocurrency mining companies. The conversation meanders into the territory of universal basic income, the cost of printing money and even candy bars. Interview Op Ed: Bitcoin Uses a Lot of Energy, So Where Are the…

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Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own

Chairman of the U.S. Federal Reserve Jerome Powell said that the Fed is monitoring digital currencies carefully, but not working on its own. Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment. Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release their own digital currency in the near future. Powell added that cryptocurrencies…

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Telegram Releases TON Testnet Explorer and Node Software

Encrypted instant messaging service Telegram officially released its TON testnet explorer and node software, with its Gram token due in two months. The encrypted instant messaging service Telegram has released the Telegram Open Network (TON) testnet explorer and node software. Telegram token due in two months On Sept. 6, Telegram released its Telegram Open Network (TON) testnet explorer and node software on its website, two months ahead of its planned launch of the Gram digital currency. As Cointelegraph reported on Aug. 28, three anonymous investors in Telegram’s $1.7 billion private initial coin…

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Maltese Financial Regulator Will Actively Monitor Cryptocurrency Firms

The Malta Financial Services Authority said in its strategic plan that it will actively monitor crypto firms to prevent crypto-related crimes. The Malta Financial Services Authority (MFSA) says in its recently published strategic plan that it will actively monitor and manage business-related risks related to cryptocurrency firms. Monitor crypto firms to prevent crypto-related crimes On Sept. 6, the MFSA published its three-year strategic plan for 2019–2021 which states the Malta financial regulator will strive to modernize their regulatory approach to be one step ahead of industry developments. The MFSA said it…

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