crypto

The Commonwealth Bank of Australia (CBA) will become the country's first banking institution to allow customers to buy, sell, and hold crypto-assets.

This month, Bitcoin isn't the only cryptocurrency that has set new highs.

Investigations are currently being conducted to prepare the financial sector for a Digital Euro. However, before that, central banks must consult with the public to learn how private citizens perceive the proposed CBDC.

Bitcoin has remained relatively calm in recent days, hovering around the $60k mark. After setting new highs last Wednesday, the price of the world's largest asset plummeted in the early hours of the 27th. In fact, it was trading at $58.8k at the time of publication. This accounted for drops of 6% and 8% on daily and weekly timeframes, respectively.

Su Zhu, CEO and co-founder of Three Arrows Capital, recently speculated on China's 'unbanning' of cryptocurrency mining. To make his point, he cited China's decision to solicit public feedback on the revision of the relevant measures in the "Industrial Structure Adjustment Guidance Catalog (2019 Edition)."

The price of XRP has dropped 14% from its swing high of $1.18 on October 16, tagging the downside trend line of the prevailing chart pattern. While Ripple (XRP) was on the verge of falling below $1, a key technical indicator suggests that the swing low may have set the temporary local bottom.

Bitcoin could very well be the future of money. But its ultimate test still lies ahead.

Just 20 people own more than half of all of the meme-inspired cryptocurrency in existence

China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs.