XRP tumbles despite former Amazon exec joining Ripple as engineering lead

Amid legal action from the SEC, Ripple has brought in fresh blood from Amazon to lead its engineering team. In a statement released today, Ripple CEO Brad Garlinghouse announced that former Amazon vice president of delivery experience, Devraj Varadhan, has joined Ripple as its new senior vice president of engineering. Ripple’s all-star engineering team continues to grow – thrilled to welcome Dev as our new SVP of Engineering! https://t.co/OH5ceDOX4K — Brad Garlinghouse (@bgarlinghouse) January 11, 2021 Varadhan has 15 years’ experience at Amazon, where he worked on software development for…

Ethereum Primed To Rebound Thanks to Whale Buyers

Key Takeaways Ethereum prices fell as low as $900 today. Large “whale” investors seem to be buying the token, though. This could help ETH prices rise once again. Share this article Ethereum has incurred significant losses in the past 24 hours. However, “whale” investors are buying these tokens at a discount fostering hopes of a prompt price recovery. Ethereum Loses Critical Support Barrier Following a 90% bull rally since the beginning of the year, the Tom Demark (TD) Sequential indicator has warned investors that Ethereum was bound for a steep…

Hold your horses! $9K Bitcoin price drop not a trend change, data says

After Bitcoin (BTC) price flirted with a $42,000 all-time high on Jan. 8, it stabilized in a tightening range between $39,000 to $41,500 for two days and the pennant structure on the shorter-term timeframes hinted that a breakout to $45,000 was a possibility.  This all changed quite suddenly Jan. 10 as the $39,000 support failed to hold and Bitcoin price entered a steep correction. BTC/USD 4-hour chart. Source: TradingView A swirling and cruel 26.6% drop took BTC down to $30,100 over the next 30 hours and $1.5 billion in cascading…

Ethereum Briefly Shatters $1,000 Support as Market Downturn Intensifies

Ethereum has seen some intense volatility throughout the past few days, with buyers taking full control of its price action last week before it saw a massive selloff This decline erased a week’s worth of gains and sent the cryptocurrency’s price tumbling down to lows of $900 that were set this morning This came about in tandem with Bitcoin seeing some weakness as well, with the benchmark cryptocurrency BTC has plunged towards $30,000, with sellers being in full control of its price action as the cryptocurrency fails to find any…

Hedera Hashgraph presents e-Apostille PoC to Texas Secretary of State

Enterprise blockchain platform Hedera Hashgraph has presented a proof-of-concept, or PoC, to the Texas Secretary of State, showing the potential of blockchain technology to issue, secure and verify documents. The PoC was a collaboration with content services provider, Hyland, and was spearheaded by trade association, the Texas Blockchain Council, who announced the venture on Jan. 11. It centers around a system for issuing electronic Apostilles. An Apostille is a method for verifying that the seals and signatures on documents issued by public authorities are authentic. An Apostilled document is recognized…

Cointelegraph predictions for the first 5 CBDCs of 2021-2022

Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBDCs are virtual representations of the fiat currency of a particular country. They are often based on blockchain technology and are issued and regulated by the official monetary organization of the country. The feature that makes them different from cryptocurrencies like Bitcoin and Ether is that CBDC’s are backed by the central bank’s deposits of the country’s currency and are regulated by the central bank while cryptocurrencies are not. Cointelegraph discussed with Thomas…

Bitcoin’s recent correction could be retail-driven, Nexo CEO speculates

The price of Bitcoin (BTC) has dropped substantially since Jan. 8, totalling a decline of more than $10,000 at time of publication. Retail investors could be part of the rationale behind the drop, according to Nexo CEO Antoni Trenchev.  “The price correction we’re seeing was brought about by retail investors following the lead of institutions that created the Bitcoin high,” he told Cointelegraph on Jan. 11, adding: “Once BTC passed $40K, earnings were at a height that triggered smaller investors who are, understandably, more prone to selling quickly. There has been…

CNBC’s Jim Cramer says he won’t buy Bitcoin above $20K following 20% crash

Jim Cramer, the host of CNBC’s Mad Money, said he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash. In an interview with TheStreet, Jim Cramer said he still believed in Bitcoin (BTC) despite a $10,000 price correction over the past three days. However, he added he was unlikely to buy more unless the price goes under $20,000. “My goal was to get my cash out so I don’t have to think about it,” said Cramer. “If it goes back…

Bitcoin Takes Big Plunge as Price Drops to $30,000

Key Takeaways Bitcoin prices fell as low as $30,250 today. Various factors are behind the decline, including more attractive U.S. Treasury bonds and a stronger U.S. dollar. Events related to U.S. politics and the COVID-19 pandemic are also responsible for the sudden price drop. Share this article The price of Bitcoin has dropped to nearly $30,000. The strength of the U.S. dollar, rising U.S. Treasury bond yields, and uncertainty about Bitcoin’s all-time high are all behind the drop. Bitcoin’s worst closings in the last five years. Source: Crypto Data Download…