Trump Coin is a cryptocurrency designed to celebrate the 45th President of the United States and his family. It seems people have been investing in the currency for some time and a lot of individuals are quite happy with it, but Trump and those who surround him have very different feelings about the currency. They are now threatening legal action against the currency’s developers and say that the asset uses the family name without permission. Trump Seeks to End the...
Read More »Bakkt Shares Down 90% Since October Launch Despite Numerous Partnerships
Bakkt – a digital asset management platform – has seen its shares plummet since going public in October. Trading at over $40 on October 29th, its stock is now as cheap as $3.96 on the NYSE. Down Alongside Crypto According to Google Finance, Bakkt’s stock peaked following its public listing on October 18th. It had tripled its value within a week from $8.76 to $30.60 by the 25th. After about another week, its price surged again on October 31st, touching $42.52. Bakkt’s listing...
Read More »Stellar Lumen (XLM) Price Could Recover If It Clears $0.2200
Stellar lumen price declined below the $0.2000 support zone against the US Dollar. XLM price is now trading below $0.2000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.2040 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2120. Stellar lumen price is trading in a bearish zone below $0.2100 against the US Dollar, similar to bitcoin....
Read More »Ripple Price Analysis: Risk of Downside Break Below $0.55
Ripple price started a fresh decline from the $0.6500 zone against the US dollar. The price is now trading below $0.6000 and the 55 simple moving average (4-hours). There is a key bearish trend lien forming with resistance near $0.6800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is a move below the $0.5500 support. Ripple price is trading in a bearish zone below $0.6000 against the US Dollar, like...
Read More »Facebook Announces Plans to Sell Libra Crypto Project
The Libra/ Diem cryptocurrency project that was started so long ago by Mark Zuckerberg and Facebook is presently up for sale. The project has come crashing down underneath the heavy regulatory scrutiny it’s experienced, and it looks like Zuckerberg is eager to move on. Facebook Is Looking to End Libra Once and For All The goal is to sell all current assets presently stored in the Diem Association. This way, funds can be returned to investors and the company – now known...
Read More »Market Watch: LINK and AXS Explode 10%, Bitcoin Maintains $38K
Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers. Bitcoin Stands Still at $38K It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset...
Read More »Criminals Laundered $8.6 Billion Worth of Crypto in 2021: Chainalysis Report
The blockchain-based data platform – Chainalysis – estimated that the total cryptocurrency value laundered in 2021 was $8.6 billion – 30% more than 2020. According to the company, though, such an increase is somewhat expected given the considerable growth of the asset class in the past year. Crypto Money-Laundering Is on The Rise In its most recent report, Chainalysis informed that cybercriminals dealing with cryptocurrencies share one common goal: move their “ill-gotten...
Read More »How a Series of NFTs Saved a Couple from Financial Ruin
A couple that was on the verge of foreclosure and monetary collapse said that they made more than $100,000 in just a few hours selling non-fungible tokens (NFTs). How a Couple Was Saved By Their NFTs Thorne Melcher says she lost her job as a software engineer last February. From there, the bills just began piling up and she was having a lot of trouble finding a new job. Her girlfriend, Mandy Musselwhite, was able to sell some of her artwork and make a little money for...
Read More »Bitcoin Cash Analysis: Chances of Recovery Above $300
Bitcoin cash price started a fresh decline from the $380 resistance against the US Dollar. The price is now trading below the $300 zone and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $270 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $250 support zone. Bitcoin cash price is showing bearish signs below $300 against the US Dollar,...
Read More »Nigerias staatlicher Cryptocoin bisher kein Erfolg
Schon einmal vom eNaira gehört? Die meisten Menschen würden mit Nein antworten. Selbst in der Crypto Community ist der Cryptocoin kaum bekannt. Doch der eNaira ist ein Cryptocoin, auf den jeder ein Auge werfen sollte, denn er ist einer der ersten staatlichen Cryptocoins des Marktes. Crypto News: Nigerias staatlicher Cryptocoin bisher kein ErfolgNigerias Regierung hatte den eNaira vor wenigen Monaten als CBDC (Central Bank Digital Currency) gelaunched und damit eine gewisse Vorreiterrolle...
Read More »