Crypto news

Ethereum price is slowly moving higher from the $1,180 level against the US Dollar. ETH price is now trading above $1,180 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,195 on the 4-hours chart (data feed from Coinbase). The pair could start a decent increase if it clears the $1,250 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD could start a decent increase if it...

The Seoul Central District Court reportedly ruled that the owner and former Chairman of the South Korean cryptocurrency exchange – Lee Jung-hoon – has not defrauded Kim Byung-gun for 112 billion won ($87.5 million). Had he been found guilty, he could have faced a prison sentence of up to eight years. The Court’s Final Word According to a local coverage, the 34th Division of the Criminal Agreement of the Seoul Central District Court found Lee not guilty of the accusations of...

Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs.  He also predicted that the primary cryptocurrency could surge to $40,000 by the summer, representing a 140% increase compared to current valuations. ‘It Won’t be Ten Years’ In a recent interview for Bankless Shows, Voorhees argued that the reigning crypto winter will not last for another decade. However,...

Ethereum Name Service (ENS) clocked in over 2.2 million domain names in 2022 despite the devastating turmoil in the crypto market. This also represented nearly 80% of all of the domains created since its inception. Data from Dune Analytics revealed that the Ethereum-based distributed domain name service registered more than 2.82 million names as of January 2nd. ENS domain name purchases are made with Ether tokens. With the fall in the price of the crypto-asset significantly...

One of the largest pharmacy chains in Ukraine – ANC Pharmacy – joined forces with Binance to enable customers to pay for medical products and supplies in cryptocurrencies.  The exchange has provided its services to the war-torn country numerous times over the past several months. It donated $10 million worth of digital assets to Ukraine shortly after the launch of the Russian “special military operation” and introduced a crypto card designated for Ukrainian refugees. Buying...

The streak of bankruptcies and price declines has dampened glimmers of positive progress. But Bitcoin just turned 14 today. January 3 is known as Bitcoin Genesis Day for the first block of BTC ever mined by Satoshi way back in 2009, which paved the way for the cryptocurrency as we know it today. The first block on the network hosts a single transaction – the 50 BTC block reward – sent to the pseudonymous creator(s) for mining it. The BTC mining rewards are yet to be touched....

Binance, the world’s largest and most popular digital currency exchange, has announced a new program that will give all current and future crypto investors proof of its present bitcoin and Ethereum reserves. Binance Tries to Show It’s Not Like FTX The goal is to shed light on the issue of transparency and show the company is nothing like FTX, the now failed digital currency exchange that came to fruition only three years ago in 2019. Binance was initially in line to...

Ethereum’s price has been oscillating in a very tight range over the past couple of weeks as the markets were heading into the new year’s holidays. However, a decisive move may be on the horizon, as the cryptocurrency now resides in a critical area. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been testing a significant resistance level recently, where the $1250 zone and the 50-day moving average have a confluence. While the market is yet to...

The market is currently suffering from insufficient activity and liquidity. Meanwhile, Bitcoin’s price is up against a crucial resistance zone and is about to break out. The move should determine the upcoming direction and end the current close-to-neutral state between selling and buying pressure in the market. Technical Analysis By Shayan The Daily Chart After getting rejected by the 50-day moving average and consolidating for a few days, the price finally tested the blue...

Billionaire investor and crypto bull Mark Cuban has not lost faith in digital currencies. Despite all the problems that have been occurring with FTX and the price of bitcoin, Cuban still feels that there’s a lot the space can offer. Mark Cuban Remains Confident in Crypto In a recent interview, he mentioned: Separate the signal from the noise. There’s been a lot of people making a lot of mistakes, but it doesn’t change the underlying value. He doesn’t think the space is...