Altcoins

Tron price started a major decline from well above $0.1200 against the US Dollar. TRX price is now trading below $0.1100 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.1100 on the 4-hours chart (data feed via Bitfinex). The pair could extend losses if it settles below the $0.1120 level in the near term. TRON price started a major drop below $0.1150 against the US Dollar, similar to bitcoin. TRX price is...

The last couple of years have witnessed explosive growth in the mainstream acceptance of cryptocurrencies as aggregate global digital asset capitalization surged past $3 trillion in market capitalization amid a flood of institutional demand and expanded use cases. Digital assets like bitcoin (BTC), ether (ETH), and several other altcoins have come a long way, gradually transitioning from speculative investments to crypto portfolio stablemates. As cryptocurrencies continue...

Israel’s Authority for Combating Terror Financing and Money Laundering will reportedly impose new regulations on various digital financial products, with cryptocurrencies being some of them. The government unit raised hopes that the legislation will diminish crypto’s use in criminal activities and grant more support to the local investors. Clear Standards for Crypto A recent report by the Jerusalem Post reads that Israel intends to increase the clarity in the digital asset...

ADA price started a major decline from well above $2.20 against the US Dollar. The price is now trading below $2.00 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $2.00 on the 4-hours chart (data feed via Bitfinex). The price might extend its decline below the $1.92 support zone in the near term. Cardano price is gaining pace below $2.00 against the US Dollar, unlike bitcoin. ADA price must stay above...

Ethereum price started a fresh decline from $4,800 against the US Dollar. ETH price is now trading below $4,500 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4,580 on the 4-hours chart (data feed from Coinbase). The pair could extend its decline towards the $4,100 and $4,000 levels. Ethereum price is showing bearish signs below $4,500 against the US Dollar. ETH/USD could extend losses below the $4,200...

The blockchain-focused financial services company – Circle – intends to establish regional headquarters in Singapore. The firm will also reportedly invest in a stablecoin backed by the Japanese yen through its newly-designed project – Circle Ventures. Circle Sees Opportunity in Asia According to a recent Bloomberg report, Circle – the issuer of the second-largest stablecoin, USDC – expects significant growth in the use of such tokens soon. Speaking on the matter was Jeremy...

Terrance J. Leonard owes his good fortune to cryptocurrency. In a recent interview, he said a discussion with a friend about cryptocurrency led him to make a relatively small investment that turned into something huge… So big, in fact, that it allowed him to purchase his dream home. Terrance J. Leonard Has Bought His Dream House with Crypto As a former Navy officer who now works as a software engineer, Leonard lives in Washington D.C. and admits to not knowing much about...

Stellar lumen price is consolidating above $0.3500 against the US Dollar. XLM price is now trading above $0.3600 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken). The pair could start a fresh increase if there is a clear break above the $0.4000 resistance. Stellar lumen price is trading well above $0.3500 against the US Dollar, similar to bitcoin. XLM price must...

Ripple price declined below $1.25 and tested the $1.165 support against the US dollar. The price is now trading near $1.21 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.175 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if there is a clear break above $1.235. Ripple price is slowly rising above $1.20 against the US Dollar, unlike bitcoin. XRP price must...

Eric Adams – the mayor-elect of New York City – continues to push the region’s newfound crypto agenda and now says plans are underway to establish a new digital asset specific to the Big Apple. New York Is Getting a Cryptocurrency All Its Own While the currency is not stemming from Adams himself, it appears his enthusiasm for crypto is beginning to rub off on other individuals. Plans for the currency were first introduced by a company called City Coins, which works on...