Cryptocurrencies archive news by date

Cryptocurrencies archive news by date

Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies. Huobi Crypto Savings Opens Doors to Financial Empowerment This morning’s Bank of Canada rate decision prodded the Canadian Dollar and USD/CAD has sunk down to a key zone of support for a crucial test. There are more than a thousand cryptocurrencies in existence but today we’ll be looking at the top 5 cryptocurrency list worth looking at aside from bitcoin.
In 2013, 19-year old programmer Vitalik Buterin issued a white paper about Ethereum, which was released two years later in 2015. Ethe

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Huobi Crypto Savings Opens Doors to Financial Empowerment

Huobi Crypto Savings Opens Doors to Financial Empowerment

LONDON, Sept. 9, 2020 /PRNewswire/ — Huobi’s cryptocurrency-based savings product has opened the doors to financial empowerment through savings and impressive interest rates to a section of the global population once removed from banking benefits. 

Cryptocurrency has long been touted as a tool for the 1.7 billion-strong unbanked population globally with its inclusive and more flexible nature. The use of cryptocurrencies for the unbanked and others in struggling markets, is clear and obvious in terms of transactional usage, but with Huobi Crypto Savings, there is new financial empowerment. 

The set-up for the new accounts with Huobi Crypto Savings is flexible, enabling users to make deposits and withdrawals at any time. Interest will be paid out daily to users’ crypto savings accounts, with support for real-time settlement.

The current annual yield for deposits in USDT is 8 percent, while deposits in Bitcoin yield 3.5 percent. For “newbies,” Huobi is offering a specialized account rate with an annualized yield of 88% for the first week.

Ciara Sun, the vice president of Huobi Global Markets, has said that there is a clear and obvious demand for such a product, especially for those who have been excluded from the traditional banking sector. 

Sun has said that the momentum behind the new product was user-driven, claiming:

“We have a lot of users who want to keep their assets in one place and want to earn a good rofit worry-free. We hear their demand loud [and] clear, we react to it fast.” 

Big in Nigeria

Huobi spoke with some of its customers in Nigeria about the impact a crypto savings product and the use of USDT and BTC has on their day to day lives.

Daniel Bishuddha, 27, is a freelance community manager. He said: 

“I use cryptocurrencies and make transactions with my friends and families. The bank we use can be occasionally congested so sometimes it takes 1-3 days to successfully transfer the money,”

“It means I need to run to the bank personally to check for the notification and see if the transaction is successful.  Crypto transfer is much more convenient. 70% of my income is paid in cryptocurrencies. “

Folaranmi Oladipupo, 44, another Freelance community manager, added:

“50% of my income is paid in cryptocurrencies and I use 20% of them to purchase food, groceries and electronic products overseas in crypto.”

“Many stores online do accept cryptocurrency as a form of payment now. For example, I purchased a laptop with USDT from the U.S. last year.  And clothing outside of Nigeria”

Benedict Sayon, 37, a copywriter, said:

“I freelance online and the crypto industry definitely creates a lot of job opportunities for us. And USDT definitely forms a big part of my income. I can exchange the USDT to Naira at local exchanges for daily expenses and many people here in Nigeria don’t like to save the money in the bank due to low interest and negative interest rate. I am excited that Huobi decided to launch the crypto savings product, so the money is always under constant flow to drive profit.”

Currently, the product is restricted in some countries and as such, residents of China, Hong Kong, Japan, Singapore, the United States, Germany, Canada and the United Kingdom are, for now, not eligible for the offering.

Additionally, Huobi’s new crypto savings product will be available to roughly 1,000 users. Each individual account will have a 3,000 Tether (USDT) limit — or the equivalent value in Bitcoin (BTC).

But, to incentivize users to try the new product, Huobi is putting up 30,000 USDT for users to earn. This is available to users who deposit a minimum of 100 USDT for 48 hours, and enable  Auto-transfer. (The system will transfer the available balances of your Exchange Account to your Savings Account. You can quickly redeem it with one click.)

The first users to do this will be rewarded with 10 USDTon a first come, first served basis

Click here to save crypto asset Huobi.

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Canadian Dollar Price Forecast: USDCAD Pulls Back to Support post-BoC

Canadian Dollar Price Forecast: USDCAD Pulls Back to Support post-BoC

  • This morning’s Bank of Canada rate decision brought upon a strong Canadian Dollar.
  • This allowed USD/CAD to pullback to a key area on the chart, a price that had set support in late-August showed as resistance last week. But after this week’s breakout, that level has may be repurposed as support.
  • Can bulls continue to drive USD/CAD? If there is a grander USD-recovery theme at play, the long side of USD/CAD may hold some attractiveness for those looking at bullish US Dollar themes.
  • The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.

It’s been a rough summer for US Dollar bulls as the currency has spent much of the past few months in varying forms of sell-off. But with Labor Day now in the rear view mirror the potential for change is afoot; and the USD has begun to bounce from a key area of longer-term support that may soon allow for the longer-term tides to turn.

This theme has been on full display in USD/CAD of recent. Towards the end of August, as USD bears were getting their run, USD/CAD had built into a descending triangle-like pattern, with horizontal support at a confluent spot on the chart around 1.3150 as sellers continued to produce a series of lower-highs. As looked at in the webinar a few weeks ago, that impasse was unlikely to last, and given the harboring potential of a descending triangle pattern, this kept the door open to bearish breakdown potential – which is what ended up happening in the week after.

That bearish breakdown showed a clean and strong run down for a re-test of the 1.3000 handle – the same level that loomed large around the beginning of this year; and that’s the point where the proverbial music stopped for USD/CAD bears as the pair began to dig its heels into support.

USDCAD Four Hour Price Chart

Chart prepared by James Stanley; USDCAD on Tradingview

After last week’s hold of support around the 1.3000 psychological level, buyers posed a quick push up to the same 1.3130-3150 area that had caught support in the previous week. This zone even elicited a bit of resistance, albeit temporarily; but USD/CAD bulls returned in the early-portion of this week to stage a strong topside breakout, allowing for prices to rally up to the 1.3250 area on the chart, which held into this morning’s Bank of Canada rate decision.

USDCAD Two Hour Price Chart

Chart prepared by James Stanley; USDCAD on Tradingview

As looked at in yesterday’s webinar, the bullish breakout in USD/CAD appeared to mirror the similar theme showing in the USD with the addition of some CAD-weakness. After this morning’s Bank of Canada rate decision, prices in the pair fell back to that familiar zone around 1.3130-1.3150 and has begun to show a bit of support.

This keeps the door open for bullish strategies in the pair, particularly for those looking to on-board USD-strength into their approaches.

USDCAD Hourly Price Chart

Chart prepared by James Stanley; USDCAD on Tradingview

— Written by James Stanley, Strategist for

Contact and follow James on Twitter: @JStanleyFX


Author: James Stanley

A Cryptocurrency List That Does Not Include Bitcoin

A Cryptocurrency List That Does Not Include Bitcoin

There are more than a thousand cryptocurrencies in existence but today we’ll be looking at the top 5 cryptocurrency list worth looking at aside from bitcoin.

  • Ethereum
  • In 2013, 19-year old programmer Vitalik Buterin issued a white paper about Ethereum, which was released two years later in 2015. Ethereum is different from Bitcoin in that it is more than a type of virtual currency. Ethereum is a platform that lets others utilize it in the creation of their own decentralized applications. Of all the items in this cryptocurrency list, Ethereum might be best one to check out. It’s underlying technology is sure to be in the forefront of innovation and it is second only to Bitcoin in terms of overall market capitalization.

  • Ripple
  • Next on this cryptocurrency list is Ripple. Released in 2012, Ripple is a real-time gross settlement system that enables instant money transfers between two entities. Ripple, unlike Bitcoin, does not use blockchain technology. Instead its transactions are verified by multiple servers (owned by individuals or even banks) that are always comparing their records.

  • Litecoin
  • Litecoin was the product of Charlie Lee, a former Google employee. Released in 2011, Lee aimed at solving some of the problems that bitcoin had such as its fees, transaction times and more. Litecoin is almost the same as bitcoin aside from certain things such as its proof-of-work algorithm. Bitcoin uses SHA-256 while Litecoin uses script.

  • Dash
  • Originally known as Darkcoin, Dash was launched in 2014 with improved privacy compared to Bitcoin. Dash achieves this anonymity through the help of Masternodes which make transactions almost untraceable.

  • IOTA
  • This final item on this cryptocurrency list is IOTA. IOTA uses a platform called tangle instead of the blockchain technology cryptocurrencies are paired with most of the time. With Tangle, in order for network participants to place a transaction, they must first validate two earlier transactions beforehand. In place of transaction fees, you only have to give up some of your device’s computing power into the network.


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