Crypto news

Stellar lumen price started a fresh decline from the $0.1165 resistance zone against the US Dollar. XLM price is now trading below $0.1110 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with support near $0.1095 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.1095 and $0.1080 support levels. Stellar lumen price is trading below $0.1120 against the US Dollar, similar to bitcoin....

Ripple price started a fresh decline from the $0.5100 resistance against the US dollar. The price is now trading above $0.4670 and near the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4610 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it stays above the $0.4600 and $0.4500 support levels. Ripple price is struggling below $0.500 against the US Dollar,...

The decentralized finance industry has seen its fair share of incidents, either due to human error or otherwise. As a result, the call for regulation has never been louder, even if it may not necessarily have the expected outcome.  An Example to Consider People who have kept close tabs on the DeFi space will know protocols can come and go in the blink of an eye. Although numerous hacks, thefts, and phishing attempts exist, some projects close for various reasons. One example...

Last month was quite spooky for the crypto industry as it saw the highest number of DeFi hacks this year.  While October was expected to be “Uptober,” it quickly turned to “Hacktober” as cyber criminals ransacked top crypto projects for hundreds of millions of dollars.  Hackers Steal $760M From DeFi Protocols A recent tweet by the blockchain security company PeckShield pointed out that October was the biggest month for hacking activities this year. The DeFi market suffered...

INTERNET CITY, LISBON, Nov. 4th, 2022 – Global crypto exchange, LBank, joined Web Summit Lisbon in Portugal as a proud sponsor and exhibitor. Lisbon has been on LBank’s list of destinations for a while and it was great for the top-20 crypto exchange to finally set foot in Europe officially. The 4-day event gathered over 70,000 attendees and is one of the biggest crypto events of the year. This was also the first live Web Summit event in the past two years, giving LBank...

[PRESS RELEASE – Sibiu, Romania, 4th November 2022] Elrond, the startup building internet-scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new internet economy to include the digital meta-space frontier. The metaverse-forward company introduces three new products as the pillars for its evolution. xFabric is a sovereign blockchain module, and core blockchain applications. Deployable in minutes....

[PRESS RELEASE – Vilnius, Lithuania, 4th November 2022] Web3 app WeSleep has launched with the promise of daily rewards for users who pursue a healthy and active lifestyle. Dubbed a sleep-to-earn app, WeSleep utilizes clever tokenomics to incentivize positive behaviors. WeSleep is a sleep-to-earn Web3 app that incentivizes users to pursue a healthy and active lifestyle on a daily basis. • A Sleepie is a unique NFT that can be bought to allow rewards, in the form of $ZZZ...

Mobile platform Infinity Games has joined hands with Kin, an altcoin. The purpose? Kin will now serve as the official cryptocurrency of the platform and its upcoming game “BUGS,” which centers on players creating clans that war with one another. Infinity Games Has Partnered with Kin Infinity features more than 30 games and has seen them downloaded approximately 190 million times. The company now employs a special team of web3 developers that seek to implement...

In the aftermath of the crypto winter, which erased billions of dollars from the industry after last year’s rally to an all-time high, many firms have significantly reduced their headcounts over the past few months to cut operational costs.  This may not come as a surprise due to the impact of the bear market, which forced several big companies, including Three Arrows Capital (3AC), Voyager Digital, and Celsius Network, into bankruptcy.  The Crypto Job Cut Trend While some...

Could crypto and digital currency traders hold sway over the direction in which this year’s midterm elections travel? According to a new poll, the answer is a resounding “yes.” Poll: Crypto Is Taking Over Politics The poll was commissioned by GMI PAC, which oversaw the opinions of roughly 1,000 participants. According to the survey, those interested in purchasing crypto or those who already hold it could make huge differences in how things go in key swing states...