Crypto news

EOS price started a fresh decline from the $1.25 resistance against the US Dollar. The price is now trading just above $1.18 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $1.200 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $1.20 and $1.22 resistance levels. EOS price is struggling below $1.25 against the US Dollar, similar to...

The phenomenal rise of NFTs in the last few years surprised many, but experts and enthusiasts long believed in the potential held by this domain of the blockchain space. The costliest NFT to date was sold just a few months ago for a whopping $91.8 million. And there are several others fetching millions of dollars in the market. The meteoric rise led to an increased interest in the domain and attracted more investors. But the dearth of reliable marketplaces significantly...

Litecoin is facing a major resistance near the $55.80 zone against the US Dollar. LTC price is now trading above $54 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $54.05 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a steady upward move if it clears the $55.20 and $55.75 levels. Litecoin price is rising above $54 against the US Dollar, similar to bitcoin. LTC...

Sovryn – a Bitcoin-based decentralized finance protocol – was drained of over $1 million in funds on Tuesday using a price manipulation exploit.  The attack allowed the culprit to drain over $1 million worth of crypto from the protocol, including 44.93 RBTC and 211,045 USDT. Sovryn’s First Hack According to Sovryn’s blog post on the topic, the attacks specifically targeted the legacy Sovryn Borrow/Lend protocol. It impacted the RBTC and USDT lending pools.  RBTC and USDT are...

Owing to the historic inflation, Q3 has been painful for Bitcoin. The largest cryptocurrency by market cap appears to have largely lost its inflation hedge and store-of-value narratives in the market. According to Messari’s new report, the demand for block space fell, resulting in a decline in Bitcoin’s transaction count and fees by roughly 3% and 23%, respectively. The average daily value settled also plunged 44% QoQ. While Bitcoin’s hashrate reached a new milestone of 258...

The Bitcoin closed a daily candle above $20,000 on Tuesday, marking the highest daily close in about 24 days. That’s after trading range-bound from the $19K to $20K level for the latter half of September. Foreign pressure on the Fed to slow rate hikes and a low supply of bitcoin on crypto exchanges rallied the price of BTC. The Near Term Assessment of Bitcoin Traders As markets watch the price of BTC move on crypto exchanges this month, traders are assessing bitcoin’s...

Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s Next Crypto Step One of the largest entities in its field (with over $4.5 trillion in assets under management) received...

Guardian Platform – a leading ERC-20 token firm – is in the process of developing what it’s calling the “Stage 5” project data dashboard. The product is quite unique and ambitious in the sense that it will bring information about all the leading crypto-based projects out there right now to customers through a single point. Guardian Wants to Give Us All the Necessary Crypto Data One of the big things about crypto projects nowadays is that they are often somewhat obscure....

The government of Uruguay in South America has introduced a new bill that would see all cryptocurrency-related activity being regulated within the nation’s borders. Uruguay Wants to Regulate Crypto Under the new bill, central banks would serve as the ultimate regulatory authority. The status of cryptocurrencies and digital assets would be fully outlined in the bill, and all companies that delve in digital tokens or in blockchain would fall under the supervision of what’s...

[PRESS RELEASE – Singapore-Oct 5th, 2022] Volare, the web 3.0 platform for developers and gamers, has announced that the public sale of VOLR token will finally kick off on September 27th.(00:00 UTC September 27th, 2022) Volare Network is the first commercially viable blockchain network, and developers can easily develop and publish games and other entertainment contents by utilizing various tools provided in the Network. It is aiming to bring gaming into the new Play-to-Rank...