Crypto news

The bitcoin mining difficulty is expected to see its largest increase in over seven months later this week. This comes as the hash rate has surged by almost 30% in the past two weeks. Largest Increase in Mining Difficulty Since January? The bitcoin mining difficulty adjustment is an essential part of the world’s largest blockchain that makes it either easier or harder for miners to do their job depending on the number of entities plugged into the network. Essentially, the...

Stellar lumen price started a fresh decline from the $0.115 resistance zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1070 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.100 and $0.0980 support levels. Stellar lumen price is trading below $0.1050 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3700 resistance against the US dollar. The price is now trading below $0.340 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it breaks the $0.320 and $0.318 support levels. Ripple price is declining below $0.350 against the US Dollar, similar to...

The whole world has fallen in love with cryptocurrencies over the past few years. What people once regarded as a rather strange or even downright ludicrous idea, has turned into a global phenomenon, and a reality that we can’t deny. Digital currencies have made their way into the mainstream and they’re not going anywhere. If anything, judging by their evolution, crypto popularity is only going to increase in the years to come. If you think about it, what’s not to like...

On August 27, Jordan Belfort, the man that inspired the award-winning movie The Wolf of Street, said during an interview with Yahoo Finance that he was wrong when he claimed that the price of Bitcoin would reach Zero. As Belfort put it, when he made that claim in 2017, he “hated cryptocurrencies” because the market was surrounded by scams. This has been slowly changing over the years but remains an adverse effect of decentralization. “At the time that I really hated crypto, I...

A recent research conducted by Study.com revealed that 64% of US parents think cryptocurrencies should be a subject part of their children’s education. However, the moms and dads are not that supportive of non-fungible tokens (NFTs) since only 25% said they should be included in the school programs. The mayor of New York City – Eric Adams – is also a proponent of such educational amendments. Last year, he labeled cryptocurrencies as a “new way for paying for goods and...

Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry. In a new blog post, IMF economists said several Asian countries have fiercely adopted digital assets in the last couple of years while highlighting the need for regulation. The organization noted that digitalization can prompt a much-needed shift to an environmentally-conscious payment system...

Ripple has experienced a long-term downward trend for over 500 days. April 14, 2021, marked the last day the bulls dominated the XRP market and recorded a local high of almost $2. Since then, the price of XRP has been down by 80%. Recent attempts by the bulls to start a rally have also failed. Technical Analysis By: Grizzly The Daily Chart On the daily chart, the XRP price is down 13% from the monthly high of $0.386. This drop caused the pair to slip below the 20-day, 50-day,...

Not long ago, Harmony – a crypto exchange based in northern California – was the victim of a cyberattack that ultimately resulted in more than $100 million in digital currency funds being stolen. Harmony Is Looking to Give People Their Money Back The company has taken several measures to get its money back and make the situation better for its clients. Among the proposals it has made is this latest one in which executives want to issue nearly five billion new crypto...

Amidst the weekly candle close, Bitcoin’s situation continues to be bearish, following a considerable lack of demand in the market and the macro event. The price has recently plummeted towards the critical support level at $18K. Will the bears eventually break down the key level, or is bullish correction inbound? Technical Analysis By Shayan The Daily Chart The price of BTC has experienced another significant decline of roughly 8% in 24 hours after breaking below the 50-day...