Altcoins

Stellar lumen price is gaining pace below the $0.118 resistance zone against the US Dollar. XLM price is now trading below $0.1175 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.1130 on the 4-hour chart (data feed via Kraken). The pair could start a fresh increase if it clears the $0.1170 resistance. Stellar lumen price is trading below $0.1180 against the US Dollar, like Bitcoin. XLM price...

Ripple price started a downside correction from the $0.5250 zone against the US dollar. The price is now trading below $0.510 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.5095 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless there is a close below $0.4850. Ripple price is consolidating near $0.500 against the US Dollar, unlike Bitcoin....

A $9 million crypto case has been thrown out of court. Mark Shin was recently charged with theft, cybercrime theft, and money laundering after prosecutors accused him of using a software update to his advantage and to create his own digital currency. Mark Shin is Breathing a Sigh of Relief While the evidence appeared damning at the time, the judge overseeing the case had decided there isn’t much there. John Kellner – the 18th Judicial District attorney – explained...

Ripple’s XRP has become one of the most-traded altcoins throughout the past few months, and this has largely to do with the recent ruling in the case between Ripple Labs and the United States Securities and Exchange Commission. The presiding judge, Analisa Torres, ruled that secondary XRP sales do not constitute an investment contract. This essentially means that they are not securities and do not fall under the purview of the SEC. Leading Up to the XRP Price Prediction The...

PayPal recently shocked the world by announcing it would be creating its own stable currency atop the Ethereum network. As a result, several digital currencies are beginning to show signs of life, and price jumps have occurred for major assets over a 24-hour period. Also, crypto investor Charlie Shrem says that the news is going to help launch bitcoin into a new stratosphere and boost Ethereum’s timetable. Charlie Shrem is Proud of PayPal Shrem stated on social...

Bitcoin failed to reclaim the $27,000 level yesterday and has stalled at around $26,500 as of now. The altcoins are in no better shape, with minor losses coming from most larger-cap ones. Chainlink is the only one with a notable price increase. BTC Back at $26.5K Last week was expectedly less volatile, aside from a brief spike on Saturday that pushed bitcoin to a then-multi-day peak of $26,400. After failing to continue upwards, BTC retraced to $26,000 and spent the rest of...

Decentralized finance (DeFi) protocol Linear Finance has fallen victim to an attack that resulted in the complete depletion of liquidity in its Linear USD (LUSD) token. Following the incident, Linear Finance’s team apologized to the community and implemented various safety measures. LUSD Price Collapses to Zero On Sept. 21, Linear Finance announced it had experienced a security breach, leading to the complete drainage of all LUSD liquidity on the PancakeSwap and Ascendex...

Bitcoin cash price started a downside correction from the $225 zone against the US Dollar. The price is now trading below the $215 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $212 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $204 and $198 support levels. Bitcoin cash price is declining from the $225 zone against the US...

PayPal – the world’s biggest digital payment platform – has announced the release of a new USD-pegged stable asset it’ll use to enter the digital currency market. PayPal is Delving Deeper into Crypto PayPal has had a strong background in crypto. A former executive with the firm – David Marcus – lent plenty of energy and time to aid Facebook’s failed Libra project, which would have seen a new stable currency payment outlet formed on the social media giant. Also,...

The rapid increase in the value of Immutable’s IMX token has attracted not only the interest of crypto fans but also remarks from industry experts. In a surprising turn of events, ImmutableX (IMX) is experiencing a remarkable surge of 38.1% in just a few hours this morning following a corresponding trading volume spike. Recent data from CoinGecko revealed that IMX went from a modest $0.55 to an impressive peak of $0.76. The Driving Force Behind the ImmutableX Volume Surge The rapid...