Crypto news

Brazilian bank Nubank – an institution that has garnered the respect and support of billionaires like Warren Buffett – is releasing its very own digital currency, making it the first major banking institution in the traditional arena to do so. Nubank Has a New Cryptocurrency It’s Releasing The token – which is set to be called “Nucoin” – will be available sometime during the first few months of 2023. The bank has not given a specific release date yet. The asset is,...

A very disheartening week in the crypto market has come to a close. Ripple saw its second-worst weekly candle since May and dropped more than a third of its market value over the last week. Technical Analysis By Grizzly The Daily Chart On the daily chart, the negative momentum slowed marginally as the asset approached the support zone in the $0.3 to $0.33 region (in green). However, this cannot be considered the end of the downward spiral. After 50 days, XRP hit the...

Ethereum is showing signs of recovery after the recent crypto market crash. However, it may be too soon to call for a bottom, as the price is facing significant resistance levels, which need to get broken before expecting any bullish scenarios. Technical Analysis By: Edris The Daily Chart On the daily chart, the price’s free fall has come to a halt. ETH is currently trying to reclaim the $1250 support area, which was impulsively broken to the downside last week. In the event...

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The European Union (EU) is working on a new program that will label the type of energy utilized for bitcoin mining projects. The program is set to determine the level of efficiency behind the module utilized by a specific project. In other words, we’ll know if it is proof of work (PoW), proof of stake (PoS), or something else entirely. Crypto Mining Will Be Labeled in the EU The goal is to ensure that electricity is not wasted and put to the best use possible. This has...

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Per data from Crypto Quant, people continue to take their bitcoin and digital currency funds out of exchanges. In October alone, more than $750 million in BTC was moved out of digital currency trading platforms in a single day. Why Are People No Longer Using Exchanges? This likely suggests that people continue to lose faith in crypto. The space has been crashing like crazy for the past several months, and the price of bitcoin is the real clincher. Just last year, bitcoin...

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