Altcoins

Cryptocurrency mining and environmentalism did not usually go hand in hand in conversations about the development of the blockchain industry, but one tweet from Tesla CEO Elon Musk was enough for the crypto community to start worrying about what Bitcoin and Proof-of-work miners are doing to the planet. An investigation by Forexsuggest studied several cryptocurrencies and measured how polluting they are, calculating the estimated carbon emissions and the amount of resources...

AMC has been getting heavily involved in the crypto space as of late. Working to improve its finances following the effects of the coronavirus pandemic on theater chains throughout America, AMC recently stated that it was permitting BTC and cryptocurrency payments for tickets, concessions, and other items. AMC Wants to Create Its Own Digital Currency CEO Adam Aron has also announced that the company is building on its crypto agenda by looking into creating its own unique...

The bears continued to push bitcoin south in the past 24 hours, and the asset dropped to a weekly low of just over $62,000. Most altcoins are also in the red, with Litecoin losing the most value in a day. Bitcoin Saw a Weekly Low Just a few days ago, the primary cryptocurrency broke its previous ATH two times in a row, and the latest peak came at $69,000. As the community was anticipating another run up to $70,000, the entire landscape changed. Instead of going upwards,...

USDC issuer Circle has declared support for the Presidential Working Group on Financial Markets’ proposal to regulate fiat-backed cryptocurrency issuers like banks, stating that the move would foster ecosystem growth. Jeremy Allaire, CEO of Circle, told Yahoo Finance that it is imperative to regulate stablecoin issuers because the growth of such tokens could see the asset class widely adopted by many. “We’re supportive of that recommendation. We think [this] represents...

Rise Up – a platform that assists in the establishment of digital currency transparency and security – has launched its own unique token for traders to enjoy. Rise Up Is Releasing A Unique Cryptocurrency The company was initially designed to assist cryptocurrency exchanges in making their operations far more secure and stable. The firm is garnering heavy attention given that the crypto space and its security (or sometimes lack thereof) have been extremely important...

The cryptocurrency market had a tumultuous week where many projects went up considerably and then stalled and declined. Starting with Bitcoin, this time last week, the price was hovering around $61K, but it had no plans of staying there for long. BTC started climbing immediately and by Monday, it was above $65K. This continued and on Wednesday, propelled by fresh inflation woes, the cryptocurrency charted its current all-time high around $69,000. Unfortunately, right after...

Bitcoin cash price started a fresh increase above the $600 zone against the US Dollar. The price is now trading above the $650 zone and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $710 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $710 for a sustained move higher towards $650. Bitcoin cash price is showing positive signs above $650 against the US Dollar, similar...

Ethereum, over the past few months, has had a habit of garnering more praise and attention than bitcoin, the world’s largest and most popular digital currency by market cap. The currency is now getting even more praise from the likes of Rahul Rai, a digital currency hedge fund manager who believes that the asset will overtake bitcoin as the number one virtual asset before 2023. Ethereum Is Going to Flip BTC, Says Rai Rai thinks Ethereum will potentially hit the number...

The African country of Zimbabwe is allegedly the next nation looking to make crypto legal tender. Regulators have released a statement claiming that they are examining the prospects of allowing bitcoin and its altcoin cousins to be used as forms of payment for goods and services. Zimbabwe Is Looking at BTC as a Currency Clearly, the nation is taking a page out of El Salvador’s book. The Central American region became the first country in the world two months ago to...

EOS price started a downside correction from the $5.40 resistance against the US Dollar. The price is now trading above $4.50 and the 55 simple moving average (4-hours). There is a crucial expanding triangle forming with support near $4.70 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could accelerate higher if it clears the $5.10 and $5.20 resistance levels. EOS price is showing positive signs above $4.60 against the US Dollar, similar to...