Crypto news

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Tron price started a fresh decline from the $0.0705 level against the US Dollar. TRX price is now trading below $0.0680 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0678 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0660 support zone. TRON price started a fresh decline below the $0.0680 against the US Dollar, similar bitcoin. TRX price could accelerate...

Bitcoin price started a fresh decline from the $24,000 zone against the US Dollar. The price is now trading below $23,000 and the 55 simple moving average (4-hours). There is a major bearish trend lien forming with resistance near $22,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline towards the $21,500 and $21,000 levels. Bitcoin price is declining below $23,500 against the US Dollar. BTC might extend losses if it...

A scalability solution unique to Ethereum is now compatible with Bitcoin. Rollkit allows for the storage of rollup information developed for Ethereum but on the Bitcoin network. According to an official statement, Rollkit — a modular framework for rollups — was successfully launched on march 5, 2023. The solution could, at least in theory, help optimize the use of free space on the Bitcoin blocks, expanding the capabilities of the network: Sovereign rollups on Bitcoin not...

The highly controversial “Open Exchange” (OPNX) headed by once-failed Crypto CEOs has reached its fundraising goal of $25 million – though the founders are yet to reveal their benefactors. Meanwhile, collapsed crypto exchange CoinFLEX has revealed that its restructuring deal has been approved by a Seychelles court, briefly pumping the price of its token.  OPNX’s Plans for Launch According to a Twitter thread from DefiIgnas (that was later retweeted by co-founder Zhu Su), Kyle...

Polkadot’s leading parachain and innovative hub, Astar Network, has partnered with Tokyo’s special ward Shibuya to support the city’s Web3 initiative. According to a press release sent to CryptoPotato, the partnership will see Astar and Shibuya team up to foster the development of Tokyo’s Web3 strategy. Astar Network Partners Shibuya City As per the release, the alliance is the first between a Japanese blockchain firm and one of Tokyo’s biggest and most densely populated...

Increasing electricity costs and a decline in digital asset prices coupled with high mining difficulty in the fourth quarter slashed mining profit margins and made it difficult for miners to stay afloat. Chinese crypto mining rig maker – Canaan – reported a mining revenue of $10.5 million in the fourth quarter, representing an increase of 16.3% from the previous quarter. It was also up by a staggering 368.2% compared to the same period in 2021. But the bigger picture tells a...

Eric Peters – CEO of One River Digital Asset Management – thinks the next crypto bull run will be “very powerful” because it will be driven by institutional adoption. He argued the market might have already moved to such a phase. ‘Extremely Bullish’ for the Long Term In a recent appearance on the Bankless podcast, Peters opined that the crypto winter is already in the past, describing last year’s decline to the Wall Street collapse of 1929 (also known as the Great Crash): “I...