Crypto news

Litecoin started a fresh decline from well above the $58 zone against the US Dollar. LTC price is now trading below $55 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $53.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent upward move if it clears the $54 and $55 levels. Litecoin price is struggling below $55 against the US Dollar, similar to bitcoin. LTC price...

C Capital – a company established by Hong Kong billionaire Adrian Cheng – reportedly intends to raise $500 million to invest in digital currencies, credit, and private equity over the next year and a half. The firm thinks the cryptocurrency market has already bottomed, meaning that delving into it now is the perfect timing. ‘When People Are on Defense, We’re on the Offense’ According to a September 21 coverage by Bloomberg, C Capital plans to introduce a $200 million...

The Brazilian authorities reportedly ordered Glaidson Acácio dos Santos (known as “Bitcoin Pharaoh”) to deposit 19 billion BRL (nearly $3.7 billion) in court. This sum will be transferred to more than 122,000 investors and creditors who have become victims of his fraudulent cryptocurrency scheme. Last year, the Brazilian Federal police organized a special mission called “Operation Kryptos,” following which they halted Santos’ illegal activities. In addition, they confiscated...

The authorities of Colorado announced that state residents can now pay their taxes in cryptocurrencies instead of fiat. Among the supported digital assets are the two biggest by market capitalization – Bitcoin (BTC) and Ether (ETH). Still, Colorado’s Revenue Department is not allowed to accept direct crypto payments, which is why it partnered with PayPal, which will help with the transactions. Colorado’s Pioneering Move The State’s officials disclosed that Colorado residents...

Following a two-day Federal Open Markets Committee (FOMC) meeting, the Federal Reserve has risen its benchmark interest rate by another 75 BPS.  Bitcoin’s price reacted erratically to the news, dropping by $1000 mere moments after the announcement.  The hike, revealed at 18:00 UST on Wednesday, takes the central bank’s new policy rate up between 3.0% to 3.5%.  Most investors expected a 75-point rise heading into the meeting, but markets had priced in a roughly 15% chance of a...

INTERNET CITY, DUBAI, Sep. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed NvirWorld (NVIR) on September 20, 2022. For all users of LBank Exchange, the NVIR/USDT trading pair is now officially available for trading. As a layer 2, hybrid decentralized NFT platform, NvirWorld (NVIR) allows creators and collectors to find, buy, sell and trade rare NFT items in its NFT marketplace, while providing other core products such as DeFi digital asset...

INTERNET CITY, DUBAI, Sep. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed FLIP Token (FLIX) on September 20, 2022. For all users of LBank Exchange, the FLIX/USDT trading pair is now officially available for trading. As a global real estate development and operation platform, FLIP Platform utilizes the blockchain technology to enable transparent, fast, and efficient transactions in real estate brokerage, development and financing. Its...

INTERNET CITY, DUBAI, Sep. 19, 2022 – LBank Exchange, a global digital asset trading platform, has listed Semicon1 (SMC1) on September 19, 2022. For all users of LBank Exchange, the SMC1/USDT trading pair is now officially available for trading. Providing cost-effectiveness, transparency, and security through blockchain, Semicon1 (SMC1) enables large-scale expansion of semiconductor lines quickly and at low cost. Its native token SMC1 has been listed on LBank Exchange at...

INTERNET CITY, DUBAI, Sep. 13th, 2022 –As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities. New Listings on LBank ExchangeScheduled this week starting on 13th September.For a more...

Despite the overall bearishness of the crypto market, there are many analysts out there that seem to believe bitcoin still has what it takes to hit a $100,000 price. Bitcoin Is Stronger Than It Looks Right Now The state of bitcoin is rather poor as of late. The world’s number one digital currency by market cap has fallen into the doldrums and crashed like no other currency this year. The digital asset was trading for a new all-time high of about $68,000 per unit last...