Crypto news

EOS price started a fresh decline from the $1.25 resistance zone against the US Dollar. The price is now trading below $1.20 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1.165 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $1.15 and $1.165 resistance levels. EOS price is struggling below $1.165 against the US Dollar, similar to...

Litecoin started a fresh decline below the $95 zone against the US Dollar. LTC price is now trading below $95 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $93 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair is at risk of a downside break below the $90 and $88 support levels. Litecoin price is struggling below $95 against the US Dollar, similar to Bitcoin. LTC price could...

Democrats blasted draft legislation regarding stablecoins on Wednesday for not being as “bipartisan” as initially planned. The bill, created by Reps. Maxine Waters (D-Calif.) and Patrick McHenry (R-N.C.) last year, was praised by Republicans, but criticized by their left-wing counterparts as ‘outdated.’ Starting From Scratch The House Financial Services Committee published a draft version of the stablecoin bill on April 15, designed to “provide requirements for payment...

Space and Time – a decentralized blockchain data warehouse – has announced that its service is now available on the Microsoft Azure Marketplace.  This will enable the platform’s developers to onboard enterprise data to smart contract applications, alongside new use cases for indexed blockchain data.  Space and Time combines real-time data from major blockchains with off-chan data indexed by customers.  Meanwhile, Microsoft Azure is a cloud computing platform that lets users...

Web3 wallet provider, MetaMask took Twitter to deny claims that a “massive wallet-draining operation” originated from an exploit of its wallet. The update comes after Taylor Mohanan alleged that an attacker was “sending” transactions via MetaMask, draining crypto from long-time users and employees. Mohanan, who also happens to be a MetaMask developer, later confirmed that the attack was not MetaMask-specific. The “sophisticated” heist was first discovered by Monahan early...

SpaceX CEO and Dogecoin enthusiast Elon Musk announced on Tuesday that the company is targeting April 20 for a test flight of its Starship rocket. As it happens, April 20 (4/20) is celebrated by the Dogecoin community as “Doge Day.” April 20 was declared Doge Day by the Doge community back in 2021 with an aim of pushing the coin’s value to new highs. April 2021 was when Doge rocketed to new highs around $0.30, before soaring to $0.70 in early May.  “The team is working around...

Senators in the U.S. say if Congress is going to get serious about establishing crypto regulations, they need to be bipartisan. This means both democrats and republicans need to agree on how the rules should play out and what they should accomplish. Congress Needs to Find Common Ground Over the last six years, one can easily say that both sides of the political spectrum have been at war with each other. It’s an ugly sight, in many ways. Both democrats and republicans are...

Morgan Stanley has retained its stance as one of the top banks in the United States with influence spread around the world. American multinational banking giant Morgan Stanley (NYSE: MS) has released its performance and revenue report for the first quarter of this fiscal year, showcasing a result that is lower than analysts’ expectations. Based on the company’s report, its revenue came in at $14.52 billion as against the $13.92 billion estimate by Refinitiv analysts. Additionally, the...

The researchers at Project Meridian identified several benefits of synchronization including reduction of risk, time, and cost invoked in settling a range of transactions. In a joint financial program dubbed Project Meridian, the Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Centre investigated the use of modern technology to advance financial payments through real-time gross settlement (RTGS) systems. The Project Meridian used central bank money...

Despite the great ASML Q1 2023 earnings, sales of chips to China slowed down within that time period as geopolitical tension between China and the United States took a new twist. Netherlands-based chipmaker ASML Holding NV (NASDAQ: ASML) has projected its sales and earnings to the Chinese mainland will skyrocket for the rest of 2023 after it recorded a significant slowdown in its business in the region in the first quarter (Q1 2023). The projections came after the company reported a...