Crypto news

ETH has broken above $3,000 and appears poised to move even higher, ending the short-term downtrend. This comes less than two weeks since bottoming at $2160, according to Bitstamp. Key Support levels: $2,805, $2,500 Key Resistance levels: $3K, $3,400, $3,750 After a decent 2-day rally, ETH broke above the key resistance at $3,000 today. If ETH can turn this level into support (retest and confirm), this impressive rally could continue much further. In addition, there is also...

The past 24 hours have been particularly turbulent throughout the cryptocurrency market, but this time it seems it’s all in favor of the bulls. Bitcoin’s price surged above $41K for the first time since January 21st, and the whole market is in the green. Therefore, we’re taking a look at four possible reasons for which the positive move was triggered. Reporting Season is Through It’s worth noting that Bitcoin and the traditional stock market have been tightly correlated for...

By partnering with the bitcoin-centered company New York Digital Investment Group (NYDIG), UNIFY will become the first credit union to offer BTC services to its members. The collaboration was also joined by pro football player Safety John Johnson III. The announcement from earlier this week informed that UNIFY customers will now be able to buy, sell, and hodl bitcoin alongside their traditional accounts within the online banking platforms. The organization has more than...

After more than two weeks of trading below $40,000, bitcoin finally made a decisive move to reclaim that coveted level. The entire crypto market followed suit with massive daily price increases from Ethereum, Binance Coin, Cardano, Sollana, Polkadot, and many others. Bitcoin Surged $4K It was on January 20th and 21st when the primary cryptocurrency slumped below $40,000 for the first time in months. In the following few weeks, the asset failed to recover most of the losses...

Benedetto Vigna – Chief Executive Officer of Ferrari – opined that the blockchain and NFT industry are niches that “deserve some attention.” As such, the exec hinted that the luxury sports car manufacturer might continue with its cryptocurrency endeavors in the future. ‘Blockchain and NFT Can Be Interesting for Us’ While outlining the Q4 2021 results during the recent earnings call, Ferrari CEO Benedetto Vigna asserted that the firm will focus on the Web3 universe in the...

Fortescue Metals Group Chairman Andrew Forrest has filed a criminal case against Facebook in Australia for its failure to stop scam ads featuring his image. According to the Australian mining billionaire, this is the first time that Facebook is facing a criminal charge anywhere in the world. “I’m doing this on behalf of innocent Australians who don’t have the resources to take on companies like Facebook,” Forrest said in his lawsuit. Following Forrest’s criminal suit, the...

A hot dog restaurant called Willy – Yums in Bradenton, Florida has become the latest company to accept cryptocurrency as a method of payment. Willy – Yums Opens Its Heart to Crypto Willy – Yums opened about five years ago. It serves hot dogs, burgers, Cuban sandwiches, and many other things to tantalize one’s taste buds. The man who owns it – Rob Williams – says he was introduced to crypto through a friend and he immediately began investing through the Robinhood app. He...

The meme cryptocurrency project – Baby Doge Coin – disclosed a promotional partnership with the Bundesliga soccer team TSG Hoffenheim. The club will release non-fungible tokens (NFTs) for its fans as part of the agreement. Baby Doge’s Dive in Soccer In a recent announcement, the professional soccer team revealed it is “happy” to collaborate with Baby Doge, describing the latter as an “innovative and leading brand” in the crypto industry. Apart from offering an NFT collection,...

Is Linus Torvalds the man who invented bitcoin? Torvalds Has Become the Object of the Satoshi Obsession For the past several years, many crypto traders have sought to find out the identity of Satoshi Nakamoto, the man behind bitcoin (the world’s largest and most popular cryptocurrency by market cap). For some, the mystery is something that needs to be figured out soon. It’s become an obsession, but the questions behind Nakamoto’s identity usually leads to a dead end, and...

According to recent figures, the U.S. added 467,000 new jobs in January alone, despite worries about Omicron leaving various businesses short-staffed. Bitcoin traded slightly lower following the reveal. A Surprisingly Strong Labor Market The recent employment figures were published in a report by the US Labor Department’s Bureau of Labor Statistics earlier today. While total nonfarm employment rose by over 400k jobs, the unemployment rate only slightly increased from 3.9% to...