Crypto news

China’s economic outlook also affected the stocks of some of the top companies in the country. China’s economic recovery has been faced with a lot of strain in its attempt to return back to winning ways as marked by growth, however, recent data points that the economy has continued to miss broad expectations. As reported by CNBC, economic data from Reuters proved that the COVID-19 restrictions that were in place for the better part of last year had more impact than previously...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price is gaining bearish momentum below the $0.388 support zone against the US Dollar. The price is now trading below $0.380 and the 55 simple moving average (4 hours). There is a short-term rising channel forming with resistance near $0.376 on the 4-hour chart (data feed via Coinbase). The price could...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is gaining bearish momentum below the $1,880 resistance against the US Dollar. ETH price is now trading below $1,850 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $1,820 on the 4-hour chart (data feed from Coinbase). The pair...

Worldcoin is in advanced talks to raise fresh capital as it nears launch in the next few weeks, according to the Financial Times. The project aims to use iris-scanning technology to create a secure global cryptocurrency called Worldcoin. Previous investors in Worldcoin include Andreessen Horowitz’s crypto fund, FTX founder Sam Bankman-Fried, and internet entrepreneur Reid Hoffman. The firm was founded in 2019 and has been working on digital identification technology using...

Bitcoin recovered slightly over the weekend, but still remains suppressed at a relative seasonal low of $27,360. What’s behind the latest slump?According to crypto market analysis firm CryptoQuant, the downward price pressure may be coming from miners. Miners ‘Unload Their Bags’ In a post from BaroVirtual on Saturday, the analyst noted that miners have been drastically reducing their holdings since May 5, with miner net position change turning negative on May 9. The metric...

South Korean prosecutors have reportedly raided the offices of the two leading cryptocurrency exchanges in the country – Upbit and Bithumb – as part of an ongoing investigation against Kim Nam-kuk.  The politician faced public scrutiny after several reports indicated he acquired 800,000 Wemix tokens by bypassing necessary regulations. He transferred the coins from Bithumb to Upbit last year, and the authorities suggested the platforms could have been involved somehow.  The...

Business intelligence company MicroStrategy is doubling down efforts on bringing Bitcoin layer 2 scaling solution – Lightning Network – capabilities this year. Its executive chairman Michael Saylor shared an update notifying that the company is working on a product aimed at delivering a Bitcoin wallet and Lightning address to every corporate account holder. The main intention behind the move is to enable quick and easy development as well as deployment of Bitcoin rewards...

Pepe (PEPE) price correlated with Bitcoin (BTC) over the seven-day chart. While the froggy new ERC-20 token powered by the Ethereum blockchain fell in price on the days BTC did, it rallied along with BTC on Friday into the weekend. Bitcoin’s price dive over the last week was a two-month low. Moreover, it was the leading cryptocurrency’s worst week of the year. Feels good, man As CoinMarketCap notes, the Pepe coin launched in 2023 is distinct from Pepe Cash (PEPECASH): “Pepe...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A new memo shows that democrats really hate cryptocurrency. So much so, that they’re looking to instill new rules that would make it very hard to attain and keep. Democrats Wage War Against Crypto A leaked memo sent to democrat House financial services committee members reveals that left leaners are seeking to...

Binance CEO Changpeng Zhao (CZ) recently unfollowed Tesla and SpaceX chief Elon Musk after what seemed like a long and friendly history between the two parties.  Though neither executive has left any explicit clues, crypto Twitter has some theories about what may be driving tension between the tech billionaires.  Did Twitter Shun Binance? Twitter account @BigCryptoAlert called attention to the turn of events on Saturday, noting that CZ – whose account follows over 1600 users...