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.

Tezos has concluded a class-action lawsuit over its 2017 $232 million ICO and will compensate investors who sold their XTZ and lost money on their investment prior to November 2019.

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.

Tezos, like lots of mid-cap altcoins, has actually been seeing combined cost action throughout the previous a number of days and weeks, having a hard time to keep...

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.

Tezos’ price action over the past week has primarily favored sellers, with buyers being unable to catalyze any strong uptrend while also being unable to guard against today’s market-wide selloff.

Tezos (XTZ) has paid out $25 million to settle with investors accusing them of hosting an illegal securities sale in the form of their initial coin offering (ICO).

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.

Nomadic Labs expressed that the Tezos mainnet went live two years ago and that it has been a great journey so far.

Popular staking platform Tezos has taken a step closer to decentralized finance with the integration of Harbinger price oracles.

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/

Tezos witnessed a moderate downside correction after registering a new All-time High at $4.48 on August 13. However, the recent correction might remain intact for the short-term.

The Tezos (XTZ) price has broken down from an ascending support line that had been in place since March.