Crypto news

More carnage swept through the crypto markets today, with another $300 million worth of trades liquidated within an hour. This happened as Bitcoin’s price plunged as low as $31,000 – its lowest level since July 2021. According to Glassnode, exactly $314.3 million in trades have been cleared within the last hour and $724.99 million within the last 24 hours. Interestingly, about half of the lost positions were on ETH trades ($154 million) while significantly less were lost on...

A new cryptocurrency called $FEM has entered the market. Designed for women by women, the asset was built to bring more ladies into the crypto space, which is still allegedly dominated by men. Will $FEM Coin Help Women Get Involved in Crypto? One of the biggest complaints about the crypto space is that it has reportedly become rather exclusive, and when one says exclusive, they mean it is largely geared towards male traders – no one else. Currently, only about five...

Fortress Protocol – an algorithmic money market and defi lending protocol – has been drained of all funds following an oracle manipulation attack. The stolen crypto has since been bridged from Binance Smart Chain to Ethereum and mixed using the privacy protocol Tornado Cash. Buying Out the Protocol Blockchain security firm CertiK shared information about the hack with CryptoPotato on Monday. It began with the hacker using ETH to purchase a substantial amount of FTS – the...

The American entrepreneur and founder of Cardano – Charles Hoskinson – opined that ADA (the native token of his blockchain protocol) has been underperforming recently because crypto is in a bear market. In his view, nothing can move the USD valuation up during the current situation. Bear Market is Here 2022 and especially the last few weeks have not been kind to the cryptocurrency industry as the prices of most digital assets are far away from their top levels registered in...

Fear dominates the crypto market, following six weeks in the red. Many large caps have lost their long-term support, and ETH is one of them after reaching its lowest level since February 24, the day of the invasion. Technical Analysis Technical Analysis By Grizzly The Daily Chart The Delta Volume of both Binance futures and FTX perpertuals evaluates the behavior of buyers and seller takers in the market. When green histograms are witnessed, it is interpreted that buyer takers...

Stellar lumen price started a fresh decline from the $0.1880 resistance zone against the US Dollar. XLM price is now trading below $0.1700 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.1610 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a move below the $0.1500 support. Stellar lumen price is trading in a bearish zone below $0.1700 against the US Dollar,...

Ripple price started a fresh decline from the $0.6550 zone against the US dollar. The price is now trading below $0.60 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.6000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend declines if there is a clear move below the $0.550 support zone. Ripple price is struggling below $0.6000 against the US Dollar, similar to bitcoin....

Many Cubans are now using cryptocurrencies as an alternative means of exchange due to limitations imposed by US sanctions on the country’s traditional payment rails. Over 100,000 Cubans are reportedly using digital assets, largely thanks to mobile internet reaching the country just three years ago.  Cuba’s Crypto Economy NBC News recently interviewed Nelson Rodriguez – a Cuban cafe owner who now accepts both Bitcoin and Ethereum for payments. He said he believes in the...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic People’s Republic of Korea (DPRK). OFAC Sanctions Coin Mixer In the official press release, the OFAC revealed that North Korean hackers had used Blender to launder digital assets as well as to carry out state-sponsored cyber attacks. The website was reportedly engaged in the...

Fidelity Investments – one of the largest investment and trading companies out there – has announced that customers can place cryptocurrencies like bitcoin into their 401Ks and retirement funds. Fidelity Allows Users to Invest in Crypto with Their 401Ks Adam Dell – the founder of Domain Money – believes this is one of the biggest boosts crypto has been given in recent years. During an interview, he commented: It’s a recognition that investors are looking for access to...