Cryptocurrency & Blockchain breaking news

Recently Russians woke up to the news of a new prime minister following a number of events that saw the government resigning. The new PM, who served as the head of  Russian tax services Mikhail Mishustin has  supported cryptocurrency for quite some time. The prime ministers vowed to transform the modern blockchain powered state for the benefit of Russians.

Cryptocurrencies and blockchain technology have peculiarities that, in the absence of adequate supervision, mean they are likely to become instruments harmful to the economic and monetary system as a whole, and risky for individual users, and be an additional useful tool for criminal organizations.

In this year, innovation will go a step further by serving citizens and businesses, private users and professionals.

Current market events are strongly indicating that the ethereum network will see massive growth this year. According to a recent report, the active number of users on the ethereum network doubled in period of just five months. Speculators claim that cryptocurrency could gain mainstream usage this year.

In the last 24 hours, the bulls made another attempt at the $0.24 resistance but were repelled. The coin found support at $0.23. In the first effort, the bulls were also repelled but the coin dropped to the low of $0.22. The bottom line is that if the bulls break the $0.24 resistance, Ripple will rise and reach the $0.30 and $0.31 price levels.

Interestingly, Ethereum has made a positive impact and pushed into the earlier price range.
About two days ago, the bulls couldn’t break above the resistance at $160. The price has successfully breached the resistance as the coin reached a high of $172. Ether is approaching the overhead resistance at $173.

As of the recent political events between the long term sworn enemies of the United States and Iran, new measures have been reintroduced by the former. The United States under the Donald Trump administration imposed fresh economic sanctions on Iran. Following the sanctions aftermath prices of commodities like Bitcoin and Gold started to steadily enter a bull run.

The digital asset arm of Fidelity Investments, a giant investment manager based in the U.S., has rolled out its first venture in Europe, starting a new facade in a massive move to integrate ryptocurrency into conventional investing. This is the first time it makes a push into this blockchain and cryptocurrency-friendly continent.

All those beginners who want to invest in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), in 2020, have a couple of tasks ahead of them.