Crypto news

The past seven days were action-packed, and it’s safe to say those interesting developments took place on all fronts. Bitcoin went through considerable volatility, and Terra’s ecosystem in the face of both LUNC and LUNA went on a massive rollercoaster while the Ethereum Merge countdown officially kicked off with the Bellatrix upgrade. Let’s unpack. Starting with Bitcoin, it got off on the wrong footing. For the first few days of the last week, BTC was rangebound around $20K –...

Crypto mining company Core Scientific has announced it is reducing its staff by roughly ten percent and that it’s devaluing the value of its assets as the crypto space continues to suffer at press time. Core Scientific Forced to Lay Off Staff This has been a common theme in the crypto space as of late. Many companies, including big-name exchanges like Gemini in New York and Coinbase have been forced to make serious cutbacks and lay off several staff members so they can...

Bitcoin is finally showing signs of strength and increased by a considerable 9%. This follows a consolidation phase. The $18K level supported the price once again, proving its sentimental power. Technical Analysis By: Shayan The Daily Chart The $18K-$19K support appears to be the most crucial level for the bulls to hold. If they fail to do so, the market could fall toward $15K. Bitcoin’s price has been supported for the fourth time and is now aiming for the 50-day MA at...

A Berkeley-based startup known as Vespene Energy announced that it’s going to use the methane gas emitted by landfills to power bitcoin mining rigs, thus adding more units to the blockchain through greener and more eco-friendly means. Vespene Has Big Bitcoin Plans The world of bitcoin and crypto mining has taken a lot of flak in recent years. There are many reports that digital currency mining uses more energy than several countries, while others claim it’s likely to...

LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing. In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched $5. The move happened with significant volume relative to that of previous days. LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around $4.7, as seen in the chart below. Source: Binance via TradingView It’s also evident that the...

Buenos Aires, 8th September 2022–BC.GAME, the award-winning best crypto casino of 2022, and the Argentine Football Association (AFA) have entered into a global agreement that will open an international pathway for both brands to reach a broader audience and create new activities that will bring the companies and its players closer together. Fans and players from all over the world can now enjoy what BC.GAME, the leading crypto casino, has to offer. BC.GAME will support...

After the market turmoil that brought massive pain to numerous crypto-related companies, FTX continues to channel money into such entities. The latest one in which the SBF-spearheaded organization will acquire a large stake is SkyBridge Capital. According to a CNBC report from earlier on September 9, FTX Ventures will take a 30% stake in SkyBridge Capital. The leaders of the two entities – Sam Bankman-Fried and Anthony Scaramucci, are set to provide further details on the...

Bitcoin cash price started a fresh increase from the $110 zone against the US Dollar. The price is now trading above the $120 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $125 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $135 and $135 to continue higher in the near term. Bitcoin cash price is climbing above $130 against the US Dollar, similar to bitcoin....

On September 7, Puma, one of the world’s leading sports brands, announced the launch of “Black Station,” its first interactive metaverse experience, during the New York Fashion Week. According to the company’s press release, Black Station will become “a dynamic destination to visit,” where Puma users will be able to connect in an immersive and interactive way to enjoy the brand’s NFTs, mainly related to sporting goods. Puma Revives Its Creative Journey Adam Petrick, PUMA’s...

The retail gaming giant – GameStop – said it partnered with US brand of the popular cryptocurrency exchange – FTX. Over the course of the agreement, the former will begin carrying FTX gift cards in select stores. In addition, GameStop revealed that its quarterly sales declined to $1.14 billion compared to $1.18 billion in Q2, 2021. Its publicly-traded shares have also been on a downtrend recently. However, they rose about 12% in after-hours trading. Joining Forces With FTX In...