Altcoins

Ripple price started a fresh decline from the $0.400 zone against the US dollar. The price is now trading below $0.3850 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.3850 resistance zone. Ripple price is struggling below $0.3850 against the US Dollar, similar to bitcoin. XRP price...

Randall Crater – the founder of defunct crypto business My Big Coin – was sentenced to eight years in prison for defrauding both customers and investors out of millions of dollars. Randall Crater Is Heading to Prison U.S. District Judge Denise Casper in Boston oversaw the case involving Crater and his now failed company. Initially, prosecutors sought as many as 13 years in jail for the former crypto executive. The goal was to make an example of him and make any other...

After falling by roughly $1,000 and marking a multi-week low beneath $23,000, bitcoin has calmed and sits at just over that line amid low trading volumes. The altcoins are also quiet today, given the trading volumes, aside from the likes of Stacks and Lido Dao, both of which are up by impressive percentages. Bitcoin Flat at $23K Bitcoin tried its hand at taking down $25,000 three times in the past 10 days or so, with the most notable surge coming in the middle of last week as...

Bitcoin didn’t react well to the latest PCE data coming from the US and dropped by almost a grand to a ten-day low. The altcoins also sit deep in the red, with the most substantial losses coming from MATIC, DOT, UNI, and others. Bitcoin Fell to $23K The end of last week went a lot better than this one as BTC skyrocketed by double-digits to chart a six-month high above $25,000. It failed to decisively overcome that line at first but kept trying. However, all three attempts saw...

Dogecoin has jumped by more than eight percent in recent weeks after it was announced that new Twitter CEO Elon Musk was considering the altcoin as a potential payment tool for users of the social media platform. Elon Musk Is Still Appreciative of Dogecoin To say that Elon Musk is a fan of Dogecoin would be an understatement. He has often been very kind to it, often calling it the “people’s crypto” and designating it as a method of payment for his many other companies,...

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Following the most recent crackdown by the US Securities and Exchange Commission against several crypto companies, Jeremy Allaire opined that the agency is not the best fit to oversee stablecoins in particular. He believes these assets are part of the banking sector, thus, they need to be regulated by another watchdog in the States. The past several weeks saw the US securities regulator going after several locally based crypto firms, starting with Kraken and its staking...

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