Altcoins

Wirecard, a company whose subsidiary issues Crypto.com’s MCO Visa card and TenX’s Visa Debit Card, has filed for insolvency. This comes after it was reported that auditor Ernst & Young was unable to confirm that $2.1 billion appeared on the company’s trust accounts, and its former CEO was arrested.Wirecard Files for InsolvencyAs CryptoPotato reported earlier this month, auditing company Ernst & Young was unable to confirm that $2.1 billion appeared on Wirecard’s trust accounts.Shortly...

Litecoin price started a sharp decline after it failed to clear the $45.00 resistance against the US Dollar.LTC price is now trading well below $43.50 and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $44.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of another decline if it fails to stay above $41.00 and $40.00.Litecoin price is trading in a bearish zone against the US Dollar, similar...

ADA price is showing positive signs above the $0.0800 resistance zone against the US Dollar.The price is facing a significant resistance zone near the $0.0885 and $0.0900 levels.There was a break above a major bearish trend line with resistance near $0.0820 on the 4-hours chart (data feed via Kraken).The price must clear the $0.0900 resistance to continue higher towards $0.1000 in the near term.Cardano price is moving in a bullish zone above $0.0800 against the US Dollar, similar to bitcoin....

There are indications surrounding the exigent move by PayPal to go bullish on cryptocurrency-related services as it has announced vacancies for cryptocurrency engineers.The advent of cryptocurrencies is reshaping the narrative on the options for global money transfers. With Bitcoin and altcoins, cash transfers are now faster and come with minimal charges outperforming traditional methods of fund transfer. In finding a solution to the challenge of cash transfers, PayPal Holdings Inc (NASDAQ:...

Tron price is trading above the $0.0155 and $0.0160 resistance levels against the US Dollar.TRX price is likely to accelerate higher if it clears the $0.0168 and $0.0170 resistance levels.There was a break above a key contracting triangle with resistance near $0.0160 on the 4-hours chart (data feed via Bitfinex).The pair could reverse gains if there is no clear break above the $0.0170 hurdle.TRON price is trying to start a strong increase against the US Dollar, similar to bitcoin. However,...

Ethereum price is gaining momentum above the $238 resistance zone against the US Dollar.ETH price is still facing a couple of key hurdles near the $248 and $252 levels.There was a break above a crucial contracting triangle with resistance near $230 on the 4-hours chart (data feed from Coinbase).The pair could correct lower in the short-term, but dips might be supported near $238 and $235.Ethereum price is trading in a positive zone above $235 against the US Dollar. ETH/USD must break the $248...

Grammy-nominated singer Akon has announced his entry into the cryptocurrency market. The vocalist is looking to create his own digital asset that will benefit those who cannot gain access to traditional financial services and tools.Akon Was Inspired by a Recent TripAkon has been a huge crypto fan for years. He first invested in bitcoin in 2014 but says that his full appreciation for crypto technology didn’t arrive until a few years ago when he took a trip from Dakar to Paris. In his pockets,...

Well, here’s something you don’t see every day. Bitcoin outranked by another coin… You may not believe it, but in China, that appears to be the case.China Isn’t Too Crazy About BitcoinChina has put out a list of its top digital currencies. It’s strange considering how strong of a presence bitcoin holds in the country, but according to the Center for Information and Industry Development (CCID) of China, bitcoin is only the 12th best coin available to traders. This is in sharp contrast to many...

Bitcoin and alternative cryptocurrencies have become largely correlated over the past couple of years. Whenever there’s a serious move in the price of BTC, altcoins are almost always following the lead.A well-known startup investor and trader, Qiao Wang, took the opportunity to comment on the matter, outlining the reason for this correlation.Why Bitcoin and Alts Are Correlated?According to the specialist, the correlation between Bitcoin and alternative cryptocurrencies has a lot to do with...

Stellar lumen price is currently correcting higher above $0.0680 against the US Dollar.XLM price is facing a strong resistance near the $0.0700 region and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.0695 on the 4-hours chart (data feed via Kraken).The pair could either extend its recover above $0.0700 or resume its decline below $0.0650.Stellar lumen price is struggling to gain bullish momentum above $0.0700 against the US...