Mike McGlone: ​​Bitcoin and Ether are oversold

Cryptocurrency News

Bloomberg Intelligence senior commodities strategist believes that according to the technical analysis of the market, leading cryptocurrencies are selling below their real value. Mike McGlone drew on a number of observations but focused on a particular indicator. “The benchmark cryptocurrency hit the lowest level compared to the 100-week moving average in July. This situation represents an extreme discount on a sustained bull trend in the market.” The analyst emphasized the importance of stocks, which have…

US Senator Elizabeth Warren proposes to cut Wall Street’s involvement in the crypto industry

Cryptocurrency News

The US Congressman is concerned about the impact that the cryptocurrency industry could have on the country’s banking system. Elizabeth Warren has launched a new anti-cryptocurrency initiative by proposing a bill that would ban banks from providing services related to digital assets. Congressman proposes to reduce Wall Street’s involvement in crypto activities. To do this, Warren is urging senators to sign a letter to the Office of the Comptroller of the Currency (OCC) asking them…

The first virtual crypto ATM is launched in the Decentraland metaverse

Cryptocurrency News

The Decentraland metauniverse, together with the Transak payment service, offered the owners of virtual land to host crypto ATMs to increase the growth of cryptocurrency transactions. Payment platform Transak announced on Twitter that it has developed a crypto ATM that exchanges digital assets for fiat currencies and is capable of being integrated into the Decentraland metaverse. “The Transak ATM is the world’s first fiat-to-cryptocurrency exchange terminal designed to work in Decentraland. Users will be able…

ECB: Central bank digital currency outperforms banks, bitcoin and stablecoins

Cryptocurrency News

The main European financial regulator compared the digital currencies of the Central Bank with bitcoin, saying that the calculations in the latter are too complicated and costly. The European Central Bank (ECB) has published the results of its latest study, according to which a central bank digital currency (CBDC) should be much more efficient in cross-border payments than banking service providers, bitcoin and any digital stablecoins. The study is titled Towards the Holy Grail of…

The Charles Schwab launches its first cryptocurrency ETF

Cryptocurrency News

One of the largest US brokers announced the launch of an exchange-traded fund that will directly invest in companies wishing to work with cryptocurrencies. A subsidiary of The Charles Schwab Corporation, Schwab Asset Management has announced the launch of its first exchange-traded crypto fund. The new product is called the Schwab Crypto Thematic ETF (NYSE Arca: STCE). The first day of trading is expected to take place on August 4th. The fund is designed to…

Civic has released a package of products to combat bots and scammers

Cryptocurrency News

Civic’s Web3 cybersecurity team has launched a user identity tool amid rising airdrop fraud incidents. Civic specializes in building infrastructure for Web3. As part of a program to combat bots and fraud, the company has launched a new uniqueness verification tool and platform called Civic.me. In an interview at the NFT Expoverse in Los Angeles, chief product officer JP Bedoya said that the uniqueness check is part of a whole set of products for legal…

CedarFX - Trade with the First Eco-Conscious Broker

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Ethereum Foundation Disclosed New Ethereum Merge Testing Details

Cryptocurrency News

One of the developers of Ethereum reported on the latest preparations for the transition of the network to proof of ownership PoS. On the back of this news, Ether rose by 14%. Ethereum Foundation’s Ethereum Piercing Support Engineer Tim Beiko has revealed on Twitter the latest details on preparations for the final test phase of the Ethereum merger with test blockchains. The final transition to the Proof-of-Stake testnet will take place on the Goerli testnet,…

ECB: Access to the digital euro should be limited to prevent it from becoming too popular

Cryptocurrency News

The European Central Bank (ECB), having studied the public reaction to the news about plans to issue a digital euro, announced the need to limit access to CBDC to protect the financial system. The European regulator released a report saying that, according to economic data, the access of Europeans to state digital currencies should be limited in order to prevent significant capital flight from traditional banks. A team of economists led by ECB CEO Frank…

University of Pennsylvania Launches Metaverse Business Course

Cryptocurrency News

The Wharton School of Business of the Ivy League at the University of Pennsylvania has announced that its Aresty Institute for Executive Education will launch a “Business in the Metaverse Economy” certification program. The six-week course will be taught online. The school has partnered with consulting firm Prysm Group to develop a curriculum that will include more than 50 lectures from educators and industry representatives, as well as six case studies. Guest speakers will include…