Altcoins

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...

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,...