ADA Price Analysis – June 11Cardano (ADA), -3.51% is still in the formation of ascending triangle from last month, while the market was between the levels of $0.059 and $0.1 of the last four weeks, showing an undecided market. As it stands, the ADA market is volatile, with prices that fluctuate from June 3 after a fall of $0.098, the weekly opening.ADA/USD Market
Key Levels:Resistance levels: $0.12, $0.14, $0.16Support levels: $0.050, $0.040, $0.030ADAUSD – Daily Chart
Cardano is trading around $0.084. In the range of triangles, the closest support is at $0.05, with a resistance close to $0.12. If the market increases, additional resistance can be found [...]
More nations appear to be starting to see the folly of fiat currency. With growing calls for gold-backed currencies for international settlement, there may be an opportunity for Bitcoin to facilitate trade deals with far less manipulation than possible when using national currencies.
Evidence is mounting that countries are more distrusting of one another and in particular of the US dollar and its potential for manipulation. This is driving nations to seek out alternatives.Is Global Settlement Currency the End Game for Bitcoin?
As NewsBTC covered recently, the Malaysian Prime Minister has advocated a gold-backed currency for use between East Asian [...]
The commercial wing of Cardano (ADA), EMURGO has announced about their collaboration with Japanese “BBQ Restaurant Tamura,” famous Japanese TV star Kenji Tamura owns the restaurant. As per the announcement, the franchise will now accept cryptocurrency Cardano (ADA) in their Osaka based “BBQ Restaurant Tamura.” A special launch event will happen on 22nd June at Gamo, Osaka.
On that day the restaurant will be closed for the common people as it will be leased out for the special event although they will be selecting ten individuals through a lottery from the common people to attend the occasion.
Additionally, they are planning for a tweeter campaign from there 26 [...]
Siam Commercial Bank (SCB), Thailand’s largest commercial bank, has denied it plans to start using Ripple’s XRP token, contrary to earlier indications. The bank’s denial was communicated in a tweet published on June 7.
The bank’s denial was prompted by an earlier post on social media dated June 5, when the bank’s official Twitter handle had responded to a user’s question regarding XRP and revealed ostensible plans to announce details of an unspecified “XRP system […] soon.”
With the June 5 tweet having since been deleted, SCB today has firmly stated that:
“We are so sorry for the previous information of the [...]