ADA price started a steady decline from the $1.10 resistance against the US Dollar. The price is now trading below $1.00 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.950 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if there is a break below the $0.880 support. Cardano price is declining below $1.00 against the US Dollar, similar to bitcoin. ADA price could start a...
Read More »Indian Authorities Seek Details of Bitcoin Theft During Investigation
India’s financial crime investigation agency Enforcement Directorate (ED) has sought the help of police in a case of bitcoin theft worth Rs. 6 crores ($790,000) by the investigators who were assisting the police in a crypto fraud case worth over $260 million. What Is the Case? As per media reports, ED officials visited the office of Pune’s Commissioner of Police in the Maharashtra province last Saturday and collected some information about the crime. The case pertains to...
Read More »A Woman Named Michelle Is the Latest Victim of Crypto Theft
A woman in New Hampshire has become the latest victim of crypto theft. The lady – who is only going by her first name Michelle – says that she has four crypto accounts, one of which was hacked using her Samsung phone. She has since lost thousands in digital funds. Michelle Has Lost Thousands Things took an ugly turn when her phone notified her that an update was available. She clicked on it, and it wasn’t long before the phone stopped working altogether. She explained in...
Read More »Sensible Crypto Regulations Can Be the Catalyst for Big Money: Scott Melker (Podcast)
Scott Melker is a popular cryptocurrency analyst and influencer with a captivating story of a former world-renowned DJ who stepped back from his professional career in music and turned to crypto. The Wolf of All Streets – as he’s better known on social media – has been a guest on our podcast before and if you want to learn more about his past career as a DJ, make sure to check out the episode from 2021. Back then (June 2021), Bitcoin’s price had dropped from its former...
Read More »South Korea’s Terraform Labs Looks to Buy $10 Billion in BTC
Terraform Labs in Seoul, South Korea is looking to buy as much as $10 billion worth of bitcoin to back its own stable currency, which it’s looking to release soon into the crypto market. The company is also looking to make bitcoin the world’s new reserve currency. Terraform Labs Has Big Plans for Bitcoin At the time of writing, Terraform Labs has garnered roughly 40,000 bitcoin units, which are worth about $1.7 billion. The purchases were made with the assistance of Luna...
Read More »Several Restaurants Are Saying “Yes” to BTC Payments
Several restaurants across the United States are beginning to say “yes” to bitcoin and crypto payments. Restaurants and Crypto… A Perfect Match? The hype surrounding crypto as a payment method is beginning to take hold, and several high-profile eateries throughout America are now beginning to allow their customers to pay with digital assets. Cambo Flare, for example, is an Asian fusion restaurant in Big Lake, Minnesota. Since opening in November of 2020, the customers...
Read More »These Are the Key Levels to Watch As BTC Broke Below $40K (Bitcoin Price Analysis)
Bitcoin’s price has been rejected from the 200-day moving average and is currently experiencing a sharp downtrend. The Daily Timeframe Technical Analysis By: Edris The 50-day and 100-day moving average lines printed a bullish crossover last week. However, instead of holding the price, BTC broke to the downside. These moving averages have also acted as resistance and pushed the price further down over the past week. BTC is currently heading towards the $36K support level,...
Read More »Greenidge Generation’s Bitcoin Mining Operations in New York Still in Doubt
Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmental Conservation (DEC) is currently under pressure from a regional activist group to have the facility shut down. The Fight to Reach Emissions Targets In a conversation with WSKG news, DEC Commissioner Basil Seggos said that he has “significant concerns” as to whether the mining...
Read More »Stellar Lumen (XLM) Price Could Extend Losses Below $0.18
Stellar lumen price started a fresh decline from the $0.2120 resistance 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 $0.2000 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a move below the $0.1850 support. Stellar lumen price is trading in a bearish zone below $0.2000 against the US Dollar, similar...
Read More »Ripple Price Analysis: Bears In Control Below $0.80
Ripple price started a fresh decline from the $0.8000 zone against the US dollar. The price is now trading below $0.76 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.7700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend decline if there is a move below the $0.7200 support zone. Ripple price is struggling below $0.7800 against the US Dollar, similar to bitcoin. XRP...
Read More »