Crypto news

ADA price seems to be forming a support base above the $0.30 level against the US Dollar. The price is now trading above $0.320 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.350 on the 4-hours chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.350 and $0.368 levels. Cardano price is showing positive signs above $0.320 against the US Dollar, similar to bitcoin. ADA...

Ethereum price is moving higher above the $1,700 resistance against the US Dollar. ETH price is now trading above $1,700 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,730 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,660 support zone. Ethereum price is consolidating above the $1,730 level against the US Dollar. ETH/USD could rise further if it clears the...

The Twitter account of one of the leading news channels in India – News24 – became a victim of a recent cryptocurrency scheme. Hackers breached their security to post phishing links of a fake XRP drop, urging people to click and potentially get conned.  Crypto scammers have previously compromised the Twitter account of India’s Prime Minister – Narendra Modi – and the profiles of the Indian Medical Association (IMA), the Indian Council of World Affairs (ICWA), and Mann Deshi...

Strike CEO Jack Mallers believes Bitcoin is primed to pump following the Federal Reserve’s $300 billion injection into the banking sector last week.  Mallers predicts that the US dollar is entering a new era of persistently high inflation, which will only benefit Bitcoin.  Is Higher Inflation Inevitable? Speaking with CNBC, co-anchor Kelly Evans asked the CEO why people should expect Bitcoin to moonshot following a banking crisis, the likes of which have historically been...

Florida Governor Ron DeSantis is the next Republican politician to take a firm stance against Central Bank Digital Currencies (CBDCs) in the United States.  The governor recently voiced support for a ban on CBDCs within the state, blasting such technologies as tools of financial surveillance.  Standing Against CBDCs In a speech shared over Twitter on Monday, DeSantis recalled President Biden’s digital asset executive order in March 2022, which called on government agencies to...

As Bitcoin returns to a 9-month high above $28,000, a growing number of on-chain signs show the asset may be entering an early bull market.  On Monday, blockchain analytics firm Glassnode said the Bitcoin market “appears to be shifting gears” amid turmoil within the traditional banking system.  Reclaiming Momentum According to the firm’s weekly report, Bitcoin’s monthly average transaction count reached 309.5k/day this week – its highest level since Bitcoin surged to $64,000...

The cryptocurrency exchange BitMEX outlined some possible scenarios that could unfold in the coming months for the cryptocurrency industry. It believes the Federal Reserve will most probably cease its interest rate hikes by the end of the year, triggering a flow of funds into global capital markets and risk-off assets. Cryptocurrencies, such as bitcoin and ether, could benefit in such cases. Scenario #1 According to BitMEX, the US Federal Reserve will most likely slow the...

Are non-fungible tokens (NFTs) making a comeback? According to the recent progress of the Ordinals series, the answer might be a resounding “yes.” Ordinals Are Making Their Marks NFTs are still relatively new to the crypto space. As pixelated art tokens, they’ve often been sold for hundreds of thousands of dollars, and by the end of 2020, the space had an overall valuation that stood in the billions. Things looked great for the NFT arena, and many investors thought there...

The Securities and Exchange Commission (SEC) has been targeting several digital currency companies and individuals over the past few weeks. In the past, the agency made a case against Do Kwon, the former CEO of Terraform Labs, and now, it looks like that case has gotten even bigger. The SEC Continues Its Case Against Do Kwon Terraform Labs was the company behind the failed LUNA token, an alleged algorithmic stable currency. The situation surrounding Luna got really hairy...

[PRESS RELEASE – Please Read Disclaimer] Through the partnership, users can take advantage of seamless entry into the Web3 ecosystem and participate in DeFi conveniently and safely March 7, 2023 – Stader, a leading infrastructure staking platform, has partnered with OKX Wallet to bring innovative staking solutions to the masses. OKX Wallet is a multi-platform, universal crypto wallet that provides easy access to the Web3 ecosystem. The two firms have joined forces to enable...