Crypto news

The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.  On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to successfully inscribe their Bitcoin-based NFT collections. Similar to NFTs on Ethereum and other blockchain networks, the Ordinals protocol allows inscribing of digital assets on...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continued to move up this week and managed to book a 3.5% price increase. In the process, ETH broke the key resistance at $1,800, which is now acting as support. The next resistance is found at $2,000, and it represents a major psychological level that will likely attract sellers and profit-takers. Momentum continues to favor buyers at this time, but it’s best to...

Multifaceted trading platform Robinhood will pay the $10 million fine to DFPI following an investigation by NASAA. Robinhood (NASDAQ: HOOD) has reached a $10.2 million settlement with the California Department of Financial Protection and Innovation (DFPI). According to reports, the financial services company is paying the penalty for “operational and technical failures” that harmed investors. The Robinhood settlement follows a probe by the North American Securities Administrators...

The collection features 3,003 NFTs, and is slated to launch on April 14th. An unreleased recording of the late English singer-songwriter, David Bowie, is set to debut as a music NFT. According to a Decrypt report, Gala Music has teamed up with music producer Larry Dvoskin and publisher Warner-Chappell Music to facilitate the launch. Gala Music – a subsidiary of Gala Games – and partners will be releasing an unheard version of Bowie’s 1983 hit song, “Let’s Dance,” via a limited series of...

Bitkraft is focused on taking up equity positions in the startups it is backing while also not discounting the likely benefits of holding the beneficiary outfit’s token. Bitkraft, a Venture Capital firm for gaming platforms, eSports, and immersive technology has announced it has raised the sum of $220.6 million to launch its second token fund. According to the SEC filing, the fund was designated as the BITKRAFT Ventures Token Fund II and though it contains not much information about the...

Anthony Scaramucci – the founder of SkyBridge Capital and former White House official – believes “we’re through” the crypto bear market. He also praised bitcoin’s performance over the years, saying it’s the best long-term investment tool.  Time for a Market Surge? In a recent interview for Yahoo Finance, Scaramucci said the prolonged cryptocurrency winter, which saw numerous scandals, collapses, and market decline, could be already behind us. He went further advising...

The past 24 hours saw a few altcoins increase by double digits while Bitcoin remains relatively stagnant around the coveted $28,000 level. That said, BTC’s dominance has increased slightly through the day, suggesting that the altcoin market is underperforming. Ripple’s XRP, on the other hand, is charting mild gains and is currently trading above an important level. Bitcoin Stagnates at $28K It appears that the $28,000 level is presenting considerable challenges for Bitcoin,...

On April 6, Charli3 was launched on Cardano as its first oracle integrator. The platform’s oracles have been integrated by Liqwid, a leading DeFi project on Cardano. Charli3 provides a decentralized node network with the framework for projects to supply secure, accurate, and safe data to their platforms and users. It could be viewed as the Cardano version of Chainlink. Liqwid is an algorithmic liquidity market protocol built on Cardano for lenders and borrowers. The...

Bitcoin cash started a decent increase above the $122 and $124 levels against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $124.50 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $128.20 and $130 to continue higher in the near term. Bitcoin cash price is consolidating above $124 against the US Dollar, similar to...

Litecoin started a steady increase above $88 against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $90.45 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $92 and $95 resistance levels. Litecoin price is showing positive signs above $88 against the US Dollar, similar to Bitcoin. LTC price...