Crypto news

The most recent outlook for Bitcoin is not overly promising, as the price has been rejected from a key technical resistance level and is breaking below support levels. The recent rebound from the $20K area appears to have been just another mid-bear market bull trap. Technical Analysis By: Edris The Daily Chart The price has been plummeting over the last few days after getting rejected from the $24K resistance level for the third time. The 100-day moving average, currently...

California – which arguably has some of the strictest financial laws in the United States – is lifting a recent ban on political candidates accepting cryptocurrency donations. Thus, anyone running for office in the Golden State can now accept donations in the form of BTC, Ethereum, or any other digital asset. California Permits Crypto Political Donations The ban on crypto donations in California had been in place since 2018. The reversal occurred at the hands of the Fair...

Ethereum 2.0 client Teku has released version v22.8.1, considered as another major step toward the Merge. As per the official announcement, it is a required update that keeps the Bellatrix upgrade on track for September 6th that will kick off the long-awaited process of the Merge and set everything in motion. All mainnet nodes will have to upgrade to the required Teku version to transition to Proof-of-Stake (PoS) and include connecting to a local execution client’s engine...

Audius – a non-fungible token (NFT) music platform – is the latest victim of a cybertheft. Attackers made off with approximately $6 million in digital currency units. Audius Loses a Lot of Crypto The big clincher with Audius is that it puts all the power in the hands of those who share their music with users on the enterprise. As a fully decentralized platform, musicians can post their songs which are then purchased in the forms of NFTs. From there, they earn all the...

Game development isn’t traditionally an easy task. Triple-A studios spend millions of dollars and years of time creating the latest releases. In the 1980s, video game companies weren’t just creating cutting edge software, but hardware too. The pool of available developers was a tiny fraction of a tiny fraction of the overall population. In the last decade, aided and abetted by Steam’s digital distribution model, has seen the upward climb of the indie game, to the extent...

Stellar lumen price started a fresh decline from the $0.13 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.1240 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.105 and $0.100 support levels. Stellar lumen price is trading below $0.1250 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3900 resistance against the US dollar. The price is now trading below $0.355 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.3780 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 $0.330 and $0.325 support levels. Ripple price is declining below $0.355 against the US Dollar, similar...

Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero. Recall that after the Ronin bridge hack in March, the attackers moved the $625 million worth of USDC and ETH to Ethereum-based crypto mixer Tornado Cash, making it difficult for authorities to trace the movement of the funds. But Tornado wasn’t the end as the hackers took further steps in obscuring the...

The high number of fake crypto trading apps has earned the attention of the Federal Bureau of Investigation (FBI). The organization is now issuing warnings to traders saying they need to do their due diligence before utilizing a crypto investing platform or application so that they don’t fall victim to potential scams. The FBI Is Noticing a Lot of Fake Crypto Apps The FBI says since the beginning of 2022, nearly 30 separate individuals have lost close to $4 million after...

The crypto market has experienced a deep correction in the last two days. A downward movement from a high of $0.392 on August 17 caused Ripple to lose more than 13% of its market capitalization at the time of this writing. Technical Analysis By: Grizzly The Weekly Chart After three weeks of swinging below horizontal resistance at $0.39 (in red), the bears finally aggressively pushed the price down. This formed a giant red daily candle over the last two months. The key is that...