Crypto news

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Unlike Bitcoin and many other crypto assets, Ethereum is forming a new low while testing a significant resistance level. ETH should be monitored closely, as the price action in the next few days could provide useful hints for the mid-term market trend. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price is still trapped between $1250 and $1000 levels but could soon break out. The $1250 resistance level is currently being tested, and if broken...

Popular digital currency trading platform Kraken has announced it is cutting off all business with Russian customers, and the country will not be able to take advantage of its digital currency services. Kraken Ends All Russia-Based Services The big question to ask here is, “What the heck happened?” Back in March of this year, Kraken said that it was going to be one of the few digital currency exchanges that would not comply with present U.S. sanctions, and it wouldn’t...

The 2nd edition of Web3 Delight took place in Abu Dhabi on the 15th of November, During the Formula 1 and FinTech week. This hybrid event attracted over 3,000++ in-person and online participants from over 40 countries worldwide. Web3 Delight Abu Dhabi was designed around Web3 value chain, in other words, the critical question addressed was, ‘What does it take to generate value at each stage of the Web3 value chain?!’ This fusion of the Web3 world brought together Crypto,...

The cryptocurrency company EGT (which stands for Elon GOAT Token) built an interesting monument of Elon Musk. The statue represents a creature with a goat’s body and the entrepreneur’s head stuck on it that is about to shoot into space on a rocket. The firm plans to deliver the item to Musk’s home in Austin, Texas, on November 26 and invited people to attend the claim of this “historical gift.” Musk Put on a Pedestal Twitter’s new owner and the world’s richest man – Elon Musk...

For the first time in two years, most of the world’s active bitcoin addresses have experienced heavy losses and are now in the red. Bitcoin Addresses Are Seeing Fewer Returns The data comes from Glass Node, which measured all the current bitcoin addresses that are still sending funds to digital currency exchanges. The company says the activity is at a 23-month low, which means more selloffs could be in BTC’s future in the short term. Dan Ashmore – an analyst at Coin...

Bitcoin continues to display little-to-no price swings and stands still around $16,500. Some altcoins, though, have significantly outperformed BTC, including Dogecoin and Binance Coin, both of which jumped to multi-week highs. DOGE, BNB Soar The altcoins were slightly in the red yesterday, but the landscape is quite different now, at least for some. Binance Coin is among those. Amid the latest rumors around the world’s largest crypto exchange, BNB has jumped by 7%. As a...

The cryptocurrency winter has been colder for some than others. While some cryptocurrency exchanges are forced to conduct massive employee layoffs to weather the bear market, others like Bitget continue to make massive hires to improve their services. On November 25, the cryptocurrency and crypto derivatives exchange Bitget announced its registration in the Seychelles, Africa, as a means to facilitate its global expansion. As reported by The Cryptonomist, Bitget plans to...

Circle, the firm behind USDC stablecoin, issued a warning about an active phishing campaign attempting to lure users into transferring tokens to malicious addresses. As per the tweet, the threat actors masquerading to work for Centre, which is a consortium founded by Coinbase and Circle. Circle’s Statement Circle said there is no new version of the USDC token in the marketplace and urged users not to fall for the scam. “PSA WARNING: There is an active phishing campaign...

Binance, the world’s largest crypto exchange, will remove multiple trading pairs for the DEX protocol Serum (SRM), which is known to have deep ties to both FTX and Alameda Research.  The token will no longer be tradeable for Bitcoin (BTC), Tether (USDT), or Binance’s native BNB token.  What is Serum? Binance revealed Serum’s trading restrictions, alongside a handful of other pair removals, in an announcement on Friday. Other restricted assets include the BTC hash rate-backed...