Altcoins

Stellar lumen price is showing bearish signs below the $0.090 resistance zone against the US Dollar. XLM price is now trading below $0.0900 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.090 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.090 and $0.092 resistance levels. Stellar lumen price is trading below $0.0920 against the US Dollar, similar to bitcoin. XLM price...

Ripple price started a fresh decline from the $0.4100 resistance against the US dollar. The price is now trading near $0.3940 and near the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a fresh increase if it clears the $0.400 and $0.410 resistance levels. Ripple price is struggling below $0.410 against the US Dollar, similar to bitcoin. XRP...

As it typically happens during the weekend, the trading volumes have gone down, which results in little-to-no price movements for BTC. Most altcoins are in a similar position, with a few exceptions. Dogecoin is among them, following a 6% daily increase. Bitcoin Boring at $17K Last weekend was quite dull in terms of price actions, and BTC spent most of it around $16,500. Monday started with a price drop towards $16,000, but the bulls intercepted the move and didn’t allow any...

In late October, Dogecoin – a popular meme cryptocurrency – overtook Cardano’s ADA token to become the sixth largest digital currency around. Dogecoin Suddenly Surges Through the Ranks Dogecoin has some odd history behind it. Co-created by Jackson Palmer, the currency was created as a means of bringing the digital currency community down. It was built to make fun of those who swore by crypto, yet it somehow aroused lots of popularity and attracted heavy attention from big-name tech...

The latest US job report brought some brief volatility for bitcoin, but the asset remained calm overall, around $17,000. Most altcoins are also quite stagnant now, and the only exceptions are UNI, LEO, and QNT. Bitcoin Calms at $17K Following last weekend’s lack of any volatility, bitcoin headed straight south on Monday, dipping to $16,000. The bulls stepped up at this point and pushed it north to almost $17,000. After a few days of being unable to break above that level,...

Both Ambit Finance and Binance Labs will work together on launching future DeFi apps with a focus on innovation, security, and risk control.Earlier today, December 2, crypto exchange Binance announced a strategic investment of up to $4.5 million in Ambit Finance. The investment will come through Binance Labs, a venture capital arm of Binance.The goal behind this investment is to provide a boost to decentralized finance (DeFi) applications on BNB Chain. As a result, Ambit and Binance Labs will...

While investigations are still ongoing, the case is rapidly developing. So far, the aBNBc token has lost over 99% of its value.DeFi protocol, Ankr, has reported a breach by a hacker that resulted in an unlimited minting of its token aBNBc. After minting six quadrillions of the token, the attacker exchanged 20 trillion aBNBc for BNB.On-chain analysis firm Lookonchain notes that the attacker then used a combination of Uniswap, Tornado Cash and several bridges to swap the BNB and get $5 million...

Bitcoin cash price started a fresh decline from the $120 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $111 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $107 and $105 support levels. Bitcoin cash price is declining from the $120 zone against the US Dollar, unlike bitcoin. BCH/USD...

The government of Italy is reportedly looking to enforce strict rules on the local crypto space by imposing a 26% tax on profits generated from digital asset trading.  However, residents who earn less than €2,000 ($2,090) per year from dealing with bitcoin or altcoins will be excluded from the possible upcoming legislation. Italy’s Next Crypto Step A recent coverage by Bloomberg informed that the Italian authorities are working on a crypto bill that could be implemented as of...

Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction.  Speaking about the future regulation of crypto following FTX’s bankruptcy, he suggested that only Bitcoin should be viewed as a commodity. Flipping Positions on Ether As reported by Fortune magazine, the chairman aired his thoughts during an invite-only crypto event hosted by...