According to a press release issued by blockchain research and development (R&D) outfit Nomadic Labs, Tezos has been chosen by the European financial giant to test its proposed implementation of a possible CBDC. As previously reported by BTCManager, the Bank of France tapped Societe Generale along with other finance behemoths like HSBC and Accenture to experiment with CBDCs.
Tezos (XTZ) is a fourth-generation blockchain network that incorporates advanced protocols to enable a host of functionalities. Primarily, the platform supports the development of decentralized applications (DApps) and the coding of smart contracts.
The recent excitement in Tezos community was following the announcement of Harbinger, a decentralized Price Oracle on Tezos. Harbinger permits anyone to participate in Oracle updates by making use of signed price feeds from trusted sources. Therefore, provides a crucial component for DeFi infrastructure on the Tezos Blockchain.
The XTZ/USD market saw a 75% drawdown from the all-time high in March, which mirrored the wider crypto markets. Thus far, the upside recovery has been relatively sluggish compared to other high cap coins, despite the nearly 200% bounce from the bottom.
The first thing to notice on this chart is an ascending parallel channel formed. XTZ has been trading inside this channel for almost one year now and has bounced several times from the lower trendline. XTZ is currently defending the 100-SMA at $2.38 and a crucial support level on the RSI at around 40. The crash of March also dropped the RSI level to around 39 from which XTZ bounced strongly. Similarly, the same level was defended on July 2.
The 13th largest cryptocurrency by market cap of $2.8 billion jumped to its all-time high at $4.5 just last week. But this week, bitcoin’s fall had Tezos (XTZ) dropping nearly 25% to now trade at $3.89, a level first hit in late February 2020 only.
South Korea’s largest crypto exchange, Bithumb, has announced today that it will list Tezos (XTZ) for trading on its platform. Following the listing, there will be a commemoration of a BTC airdrop and fee coupon gift event.
The Tezos (XTZ) price has been decreasing rapidly since Aug. 13 and has broken down from several crucial support levels. Unless the price is successful in reclaiming them, the trend is considered bearish.
Even though Tezos might have seen a significant 11% price drop over this past week of trading, XTZ is still up by a total of 18% this month. Tezos started the month of August off beneath the $3.00 level as it began to push higher. Throughout August, the cryptocurrency managed to reach as high as $4.50, where it ran into resistance at a 1.414 Fib Extension level.
The Tezos Foundation, the non-profit organization working towards the adoption of the Tezos blockchain protocol, published its bi-annual report on Tuesday, providing insights into the project’s development in the past six months.
In an important legal decision that has implications for millions of investors, Tezos has decided to settle the lawsuit related to its 2017 ICO, which raised $232 million. The company will compensate investors with a settlement of $25 million. The compensation will be provided to investors who incurred losses by selling their XTZ tokens before November 2019.
South Korean cryptocurrency exchange Bithumb has added announced the addition of the Tezos (XTZ) cryptocurrency to its list.
Read more at https://ihodl.com/topnews/2020-08-19/bithumb-adds-support-tezos-token/
Some of the community members felt that Bitcoin Cash is primed for a massive pump. They also thanked Roger Ver for creating the FOMO. Some of them expressed that this was a cool marketing campaign from Roger Ver and stated that Roger Ver has always been a brilliant marketer.
Binance Launchpool, the new DeFi initiative by crypto exchange Binance, announced its third project named Flaming (FLM). The announcement states that staring September 27, Binance Launchpool will allow users to farm (earn) FLM tokens.
IOTA Community Technical Feedback results show 69% who have stated that the experience using Hornet is very good; 70% have heard about Chrysalis; 75% stated IOTA concept is logical and understandable; 79% plan to run their own IOTA node.
According to its current statement, Bitribe has actually included assistance for Bitcoin SV versus 2 other cryptocurrencies– Bitcoin (BTC) itself, and Tether (USDT). With the listing, BSV has actually gotten significant direct exposure, as Bitribe itself services over a million users in the Asian area.
Fueled by what its developer calls a “smart” gameplay that enables players to earn litecoin (LTC) tokens, Litecoin game LiteBringer has led to a spike in transactions carried out with the use of the major cryptocurrency over the past days.
Bitcoin SV is still one of the biggest cryptocurrencies globally, currently ranked 11th by market capitalization and ignoring the criticism from the community. Several major exchanges, including Binance, delisted BSV back in 2019; however, the digital currency has remained strong.
Litecoin (LTC) transaction count has risen 15X following the launch of the LiteBringer–a decentralized, “idle” RPG PC-based fantasy game, on Sep 15. By Sep 22, there were over 139,000 transactions posted, up from 31k registered on Sep 13.
Binance Coin BNB, -3.31% has been on the downturn over the past week of trading as the cryptocurrency lost a total of 11.5% over the past 7-days of trading. The coin had bounced from around $18 in early September to climb and reach as high as $33.40 during the middle of the month. More specifically, Binance Coin was never above to break beyond the resistance set out at $31.28 as it rolled over and started to reverse.
One of Ripple’s executives Chris Larsen has been spotted moving a significant amount of Ripple cryptocurrency (XRP) to an unknown wallet. The transaction was reported by Whale Alert, which raised concerns amongst other XRP holders on whether Larsen was planning a heavy dump. However, Larsen later cleared the air, saying he moved the funds to NYDIG.
The Litecoin price line for an ascending slope on the 1-day chart for the 22nd of September. The price rose towards the $45 mark but was unable to sustain that position. Crypto analysts on Trading View expect the LTC price to fall towards $40. On the 21st of September, the cryptocurrency rested near the $43 level.
TRON price made an attempt to clear the $0.0300 resistance, but it failed against the US Dollar. TRX price traded as high as $0.0298 and started a fresh decline below the $0.0300 and $0.0280 support levels.