Crypto news

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ADA price is showing bearish signs below the $0.30 support zone against the US Dollar. The price is now trading below $0.30 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.295 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.300 resistance zone. Cardano price is struggling below $0.300 against the US Dollar, similar to bitcoin. ADA price must stay...

Ethereum price is showing bearish signs below the $1,250 resistance zone against the US Dollar. ETH price is now trading below $1,240 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1,270 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,220 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD remains at a risk of...

The crypto winter is proving to be unbearable for some, but other businesses enjoy the cold weather. Binance is taking advantage of the current market conditions to expand into the Asian market by acquiring its third licensed crypto exchange. This Dec. 19, Binance confirmed that it became the majority shareholder of Indonesian cryptocurrency exchange Tokocrypto, appointing a new CEO following the resignation of Pang Xue Kai, its founder and now former CEO. As reported by CNBC...

The court filing argued that Höptner’s termination was “wholly wrongful and without basis.” Former BitMEX Chief Alexander Höptner has sued his former employer for $3.4 million for breach of agreement and wrongful termination. This includes $2.4 million for his second-year bonus and smaller amounts for remaining wages, relocation expenses, and housing. The claim, filed by Höptner’s legal representatives – Kelvin Chia Partnership – with Singapore’s High Court, alleges BitMEX of...

Binance US chief Brian Shroder assured his followers on Monday that his exchange is prepared to process every last withdraw customer withdrawal – unlike certain competitors.  He also expanded on his company’s successful bid to purchase Voyager’s assets worth $1.02 billion and bring an end to the defunct crypto lender’s bankruptcy proceedings as soon as possible.  Replacing FTX US In a Twitter thread on Monday, Shroder confirmed that Voyager’s 3.5 million customers will soon...

U.S. Senator and chairman of the Senate Banking Committee, Sherrod Brown (D-OH), spoke on Sunday about what actions regulators need to take after the implosion of FTX.  He suggested that crypto may be something that “ought to be banned” if not for the risk of sending the industry offshore.  Banning Crypto Speaking with NBC’s Chuck Todd on Meet the Press, Brown agreed that Sam Bankman-Fried – FTX’s former and disgraced boss – used political favor and donations to create an...

Amid the incessant bear market, whales appear to be waking up from their slumber to move their ETH holdings that were untouched for about four years. According to the blockchain security company Peckshield Alert, large amounts of ETH were transferred on December 18th by two addresses that have remained dormant since October 2018. Dormant ETH Wakes Up 22,982 ETH, which is worth approximately $27.2 million at current prices, were moved to two new addresses. The emergence of old...