Crypto news

It has been a tough year for crypto miners who had to sell their coins to cover their costs and fund expansion as well as for the repayment of debts. But this trend appears to be continuing into the third quarter of the year for some. Bitcoin price successfully broke out before facing rejection near the $25,000 level. Since then, it has been on a downtrend. This has resulted in mounting sell pressure on Bitcoin miners. However, during the brief upswing in early August, they...

Mixers within the crypto community are experiencing huge booms in business despite the crypto space crashing like it never has before. Mixers Have Been Quite Active Mixers are individuals or businesses that take digital currencies garnered through illicit means and hide them amongst legitimate assets. The process keeps the identities of the parties receiving the crypto quiet while making it appear as though they are not engaged in illicit activity. As time has gone by,...

Negative sentiment has dominated the market this week as Ethereum failed to reclaim the $2000 level. The bears are attempting to pull the price back below the breakout level and trap the bulls. Technical Analysis By: Grizzly The Daily Chart The bears stepped in to induce a 16% decline over the past six days after Ethereum was rejected from $2,000. Consequently, the appearance of the rising wedge pattern (in yellow) could be a signal that the bearish trend might extend. The...

Things took a turn for the worse in the past seven days as the leading cryptocurrencies plunged. The total market capitalization is down some $115 billion in seven days as multiple leading coins dropped by double-digit percentages. With that said, let’s unpack. Bitcoin trades at around $21,500, which is exactly 10% below its price at this time last week. The leading cryptocurrency by means of total market capitalization failed to overcome the critical resistance at $25K, and,...

Millionaire investor and “Shark Tank” star Kevin O’Leary is convinced the recent crypto crash is a good thing. Kevin O’Leary: The Crypto Crash Isn’t Something to Worry About In an interview, O’Leary stated that the digital currency industry falling apart at press time is making it so that bad crypto businesses are forced to leave the fray. He also said that once regulation is in place, the price of bitcoin is going to increase by four times its present size. O’Leary...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin. Ethereum (ETH) This past week Ethereum broke below its uptrend, which was a major bearish signal, and lost 9.4% in the process. Moreover, today, the bears dominated the charts, and Ethereum lost almost 8.5% of its valuation in less than an hour when the market suddenly crashed. At the time of this post, bulls have managed to stop the downtrend at the $1,700 support level, but bears...

INTERNET CITY, DUBAI, Aug. 19, 2022 – LBank Exchange, a global digital asset trading platform, has listed StarBlock Token (STB) on August 19, 2022. For all users of LBank Exchange, the STB/USDT trading pair is now officially available for trading. As a community driven NFT marketplace on Ethereum, StarBlock enables users to create NFTs for free without coding, trade NFTs and stake NFTs to earn its native token StarBlock Token (STB). The STB token has been listed on LBank...

INTERNET CITY, DUBAI, Aug. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list BTCMININGNFT (BMN) on August 19, 2022. For all users of LBank Exchange, the BMN/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on August 19, 2022. As a new powerhouse in bitcoin mining investment, BTCMININGNFT (BMN) legally gives investors the opportunity to visit bitcoin hashrate through corporate systems and converts the hashrate of...

Bitcoin cash price started a fresh decline from the $148 zone against the US Dollar. The price is now trading below the $140 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $139 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $125 and $122 support levels. Bitcoin cash price is moving lower below $135 against the US Dollar, similar to...

On August 18, MercadoLibre Inc, a multinational e-commerce company based in Latin America, announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in its loyalty program. As reported by Reuters, the cryptocurrency will run on the Ethereum network as an ERC-20 token priced at $0.10 each. It will be used primarily for cashback and purchases inside MercadoLibre’s platform. The developer team also hinted at opening the token to the secondary...