Crypto news

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ADA price failed to surpass the $0.420 resistance and declined against the US Dollar. The price is now trading below $0.400 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.392 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.350 support zone. Cardano price is struggling below $0.40 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is showing positive signs above the $1,300 level against the US Dollar. ETH price is now trading above $1,300 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1,290 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it clears the $1,340 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it clears...

Latest data also suggest that nearly 14,930 developer contributions were recorded on Polkadot’s GitHub for August, establishing a new monthly ATH by a wide margin. Polkadot surpassed the margin yet again but for the first time in September, concluding the month with 15,433 contributions, the highest recorded on any network, including Ethereum. New Records For Polkadot The launch of new parachains continued on a regular basis taking the number of active ones to 40 on the...

The Texas State Securities Board – the region’s securities regulators – is investigating FTX and its boss, Sam Bankman-Fried (SBF), over whether some of its crypto offerings violate state law.  As reported by Bloomberg on Monday, the regulator has taken specific issue with the company’s yield-bearing crypto accounts, which may constitute unregistered securities offerings.  As its source, Bloomberg cited an October 14th court filing in the bankruptcy of Voyager Digital – a...

Bitcoin SV is getting bogged down after a majority hash power began mining blocks that don’t include any transactions.  In response to the event, the Bitcoin Association has contacted all relevant exchanges to freeze the block rewards associated with the attack.  Explaining the Empty Block Attack As told by Todd Price – Curriculum Specialist for the Bitcoin Association – most Bitcoin SV blocks currently don’t include any transactions. By contrast, the network’s mempool –...

The multinational financial services company Mastercard is all set to launch a program to help financial institutions offer cryptocurrency trading to their clients. The company plans to serve as a “bridge” between the crypto trading platform Paxos and banks to oversee regulatory compliance and security – two major areas that the banks have cited as reasons to avoid the asset class. Focus on Regulatory Compliance Mastercard’s chief digital officer, Jorn Lambert, told CNBC:...

In late September, the Fed made the decision to hike rates once again. Joe Biden and the democrats in office have contributed greatly to inflation and other problems due to their lackluster and outright failing economic policies, and the Fed has consistently been forced into a position of pushing rates more north as a means of fighting the problems being caused by this administration. The Fed Has Hiked Rates and Bitcoin Suffered Whenever this happens, the price of...