Bitcoin (BTC)

The government of India has announced in a statement that despite submitting a bill to regulate crypto and recognize it as an asset class rather than ban it, it will not engage in any marketing or promotion of the cryptocurrency industry. India Is Not Looking to Market Crypto Not long ago, crypto investors in India got some good news when the country announced that its previous plans of banning all digital currencies were likely to become null and void. Rather,...

It has taken the bitcoin hash rate less than six months to recover from its China-induced crash. The metric, displaying the robustness of the world’s largest blockchain, has increased by roughly three-fold since late June and is close to the ATH tapped in May. BTC’s Hash Rate Nears ATH Six Months Later The hash rate reached an all-time high in May this year at nearly 200 Ehash/s, according to data from BitInfoCharts, when the situation changed vigorously. China, the world’s...

The NASDAQ-listed tech giant, spearheaded by Michael Saylor, continues its BTC buying spree after another substantial purchase worth more than $80 million. Michael Saylor, one of the most prominent bitcoin advocates, who is also the founder and CEO of MicroStrategy, announced the latest purchase earlier on December 9th. The company has accumulated another 1,434 coins for approximately $82.4 million in cash at an average price of around $57,500 per bitcoin. This means that the...

Key Support levels: $4,000  Key Resistance levels: $4,566, $4,868 (ATH) ETH rallied after touching the key support level at $4,000 and came close to reaching $4,500, where bears stepped up. It appears the resistance at $4,566 will be a hard one to crack, as the bulls don’t seem to have sufficient momentum at the time of this writing. On the ETH/BTC chart, the situation is looking better, and the price made a new local high at 0.088 BTC before retracing. Bitcoin’s market share...

Ethereum 2.0 rückt immer näher. Mit dem Update warten zahlreiche große Neuerungen auf uns. Die interessantesten betreffen sicherlich den Energieverbrauch und die Transaktionsgebühren des ETH. Gerade letztere waren im Rahmen der „Scalability“ oftmals Gegenstand der Kritik an Buterins Ethereum. Ethereum News: Vitalik Buterin veröffentlicht „Endgame“ für EthereumIm Markt war es ein erfolgreiches Jahr 2021 für den ETH. Der Preis stieg nicht nur auf ein Allzeithoch, sondern outperformte auch den...

Litecoin price is facing resistance near the $180 zone against the US Dollar. LTC price is now trading below $180 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline if it fails to stay above the $150 support. Litecoin price is consolidating below $180 against the US Dollar, similar to bitcoin. LTC price...

EOS price started a fresh decline from the $4.20 resistance against the US Dollar. The price is now trading below $3.80 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $3.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it trades below the $3.30 support zone. EOS price is showing bearish signs below $4.00 against the US Dollar, similar to bitcoin....

Law enforcement agents in Ho Chi Minh City in Vietnam have arrested nearly 60 people involved in what may be the biggest online crypto-based gambling ring in history. Thus far, more than $3.8 billion in crypto-based transactions have occurred at the hands of the organization. Gambling Like This in Vietnam is a Big No-No… The operation occurred in a very hush hush way, with several gamblers involved registering their crypto wallets on a foreign platform known as Remitano...

The central bank of Thailand reportedly urged local financial institutions to stay away from cryptocurrencies citing risks coming from their enhanced volatility. It added that the broad employment of bitcoin and the altcoins could also impact the Bank of Thailand’s ability to monitor the national economy. BoT Against Crypto Trading According to a coverage by The Bangkok Post, the Bank of Thailand (BoT) does not want local banks to be directly involved in digital asset...

Law enforcement in the U.S. has taken back roughly $2.3 million in crypto funds that have been garnered through ransomware attacks. According to legal documents, the crypto was being held by a Russian man named Aleksandr Sikerin, who is believed to be living in St. Petersburg. Ransomware Is Getting Bad Sikerin is slated to be part of a notorious hacking group known as REvil. The organization has cost businesses throughout the world millions of dollars in crypto funds,...