Crypto news

Ripple’s price has shown bullish movement in recent weeks. However, there is a notable resistance level that needs to be overcome before a more sustained rally can be anticipated. Technical Analysis By: Edris XRP/USDT Daily Chart: XRP has displayed a consistent upward trend after being rejected from the 200-day moving average of around $0.4. Additionally, it has surpassed the 50-day moving average of around $0.45 and appears to be targeting the resistance zone at $0.6 in the...

Ethereum has been consolidating within a narrow price range, tightly bound by the upper limit of the descending flag pattern and the 100-day moving average. However, a breakout is imminent and will determine the subsequent direction of the cryptocurrency. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Ethereum demonstrated a period of stable price action around the $1790 mark, near the 100-day moving average, before gaining support and embarking on an...

OPNX – the crypto bankruptcy claims exchange launched by Su Zhu and Kyle Davies – released a whitepaper for its new ‘OX’ governance token on Wednesday. Details around the coin’s tokenomics caused the price of FLEX – the platform’s existing native token – to spike on the day. OPNX, FLEX, and OX Following the reveal, FLEX trades for $1.14 at writing time, up 19% from $0.96 24 hours ago, and from $0.75 a week ago, according to CoinMarketCap. By contrast, CoinGecko reflects a...

The cryptocurrency market has boomed over the past decade, with many tokens boasting billion-dollar valuations. With such exponential growth in the market, many would expect many of the thousands of tokens to fail or continually drop in value, but that rarely happens, especially amongst the top 100 tokens. The value of some of these tokens is controlled with the help of burning tokens. Since the beginning  of crypto, many projects have adopted this mechanism to induce...

Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable feat further cements Tether’s unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT’s market cap surpassing the combined value of its closest competitors. USDT Breaks 2022 Market Cap ATH According to a blog...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Texas House of Representatives has passed a bill saying that all crypto exchanges and related platforms must provide proof of reserves. This means that all trading companies must give regular proof that they have enough assets and currency in play to keep themselves afloat and to ensure all customers get...

[PRESS RELEASE – Phoenix, AZ, June 1st, 2023] Devour, a pioneering restaurant engagement technology company, is thrilled to announce its strategic partnership with AlterVerse, an innovative force in the gaming industry. The collaboration aims to revolutionize the restaurant and gaming experience by expanding DevourGO, Devour’s web3-enabled guest engagement platform, to the upcoming release of AlterVerse’s Sky City gaming Metaverse. DevourGO has emerged as a prominent player...

Bitcoin’s network fundamentals have continued to explode this year. The price side of things, however, has been disappointing recently. With its stagnating since mid-March, concerns about possible downside targets stretching toward $20,000 have emerged. Despite some encouraging signs in recent months, Bitcoin’s latest retreat dragged its price below $27,000. Bitcoin’s Key Support Areas As the world’s largest cryptocurrency remained trapped in a narrow range below $30k,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Unchained Capital – a crypto firm based in Austin, Texas – has garnered more than $60 million through a new funding round. Unchained Capital Garners $60 Million The news is positive for many reasons, a big one being that the crypto space appears to be returning to form, and confidence is once again making its...

Macy’s noted that Nike will return to its stores, starting from October this year. Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three months of the year (Q1 2023), which represented a decline of approximately 7 percent YoY basis. However, analysts surveyed by REFINITIV expected the company to...