Crypto news

Ripple price started a fresh decline from the $0.400 zone against the US dollar. The price is now trading above $0.3700 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3780 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.400 resistance zone. Ripple price is struggling below $0.400 against the US Dollar, similar to bitcoin. XRP price must...

The Switzerland-based crypto ETP issuer – 21Shares – will reportedly terminate five of its funds and delist another one due to low interest from investors.  Arielle Pennington – Head of Global Communications – claimed the firm will keep offering its other products that enjoy a solid level of demand. Scraping Some ETPs As revealed by Bloomberg, the company will close down the following five funds: the 21Shares S&P Risk Controlled Ethereum Index ETP (ticker SPETH), the...

A survey carried out by one of the leading daily newspapers in El Salvador – La Prensa Grafica – determined that President Nayib Bukele has the support of 91% of the locals.  The media outlet is known as an opposition to the ongoing political regime in the Central American country, prompting the leader to doubt that the figure might be even higher. Bukele’s Record Approval Rate El Salvador’s President, who took the helm in June 2019, enjoys one of the highest approval ratings...

With the largest crypto-supportive banks in the U.S. crumbling at the seams, industry firms appear to be retreating to Switzerland for a financial lifeline.  Crypto-focused banks in the region are reporting higher traffic after Silvergate, Signature Bank, and Silicon Valley Bank (SVB) all effectively failed over the past two weeks.  Where to Crypto Firms Go? SEBA Bank managing director Yves Longchamp told Reuters via email that the bank has experienced a “pronounced uptick”...

Economist Peter Schiff is confident that the price of bitcoin could eventually fall to $0. He also stated in a recent interview that the process won’t happen right away. Rather, he thinks it could be long and drawn out. We Can Always Rely on Peter Schiff for Negative Sentiment This is certainly a big step away from the more bullish analyses we’ve been receiving over the past few months. Earlier today, we published an article talking about William Noble, who famously...

[PRESS RELEASE – Dubai, United Arab Emirates, 17th March 2023] ZOGI Labs, a multidivisional blockchain company and gaming studio established in May 2021, and the team behind the revolutionary MMORPG Legends of Bezogia, has announced the successful conclusion of its private token sale for its in-game currency, Magical Blocks ($MBLK). Led by web3-focused M3 Ventures Ltd (HK), the investors, partners, and collaborators of ZOGI Labs also include notable industry leaders like...

Argentina’s annual inflation rate surpassed 100% in February, marking a 30-year high since the nation’s hyperinflationary period in 1991.  Meanwhile, Bitcoin has appreciated against the Argentine Peso by 20% over the past year, despite posting a 34% drop against US dollars over the same period.  Government data released on Tuesday showed a Consumer Price Index (CPI) increase of 6.6% across the month alone, alongside a 13.1% year-to-date rise. The rapid debasement of the...

The Securities and Exchange Commission (SEC) has been on a roll over the past few weeks to take down any crypto company or individual it thinks might be going against its agenda, and it’s now added one more victim to its roster. The SEC Targets Paul Pierce This time, the figure targeted by the SEC is former Celtics player and NBA hall of famer Paul Pierce. The basketball player took part in a promotion of a new digital currency called Ethereum Max. By issuing public...

2023 has led to several opposing thoughts when it comes to bitcoin, the world’s number one digital currency by market capitalization. Bitcoin Could Have a Very Good Year For some, the asset could go as high as $250,000. Tim Draper would attest to this, while others – such as Mike Novogratz – think the asset will be in good shape if it just ends the year at $30K. In any case, there are many resounding differences in what industry heads believe could come about over the...

Balaji Srinivasan, a venture capitalist and former CTO of Coinbase, claimed that the US economy would enter a phase of hyperinflation in 90 days, catapulting BTC to $ 1 million.  Balaji, whose crypto venture Earn.com was acquired by Coinbase in 2019, also offered to pay $1 million in BTC to the best 1,000 tweets that alert about stealth financial crisis.   Balaji Bets BTC to be at $1 Million  Yes. Just moving money for the bet. We can do it via smart contract, but for...