Crypto news

Fidelity Investments has opened its retirement services to those who love crypto. Fans of digital currencies like bitcoin and Ethereum can now purchase these assets and many others like them through their Fidelity-based 401Ks and retirement funds. Fidelity Is Stirring Concerns Amongst US Lawmakers Naturally, the move leads to many questions, a main one being, “How big will the crypto space become from here on out?” The maneuver is likely to lead to new levels of...

According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on the cryptocurrency industry entirely. Unlike her previous statements, she praised the “faster service, much lower costs, and more inclusion” that the asset class provides. Not all Digital Assets are the Same Terra’s native token – LUNA – and its algorithmic stablecoin – UST – were...

Crypto exchange LBank is proud to join forces with Plastiks, the blockchain-based recycling NFT platform in the campaign to efficiently reduce plastic pollution. Called ‘The Art of Recycling’, the campaign aims at cutting down, recycling and reusing plastic waste to form a sustainable environment. The top crypto exchange LBank, together with Plastiks, will promote clean oceans and beach access to many parts of Africa, starting with Ivory Coast. As such, LBank has donated...

INTERNET CITY, DUBAI, May. 23, 2022 – LBank Exchange, a global digital asset trading platform, will list MegaDAO (MEGADAO) on May 25, 2022. For all users of LBank Exchange, the MEGADAO/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on May 25, 2022. As a decentralized investment platform based on the DAO, MegaDAO (MEGADAO) invests in projects that are reshaping trillion-dollar markets, including cryptocurrency exchanges, blockchain platforms,...

Italian luxury brand Gucci – which specializes in fashion and leather goods – is allowing customers to pay for items with digital currencies like bitcoin and Shiba Inu, a popular spinoff of meme cryptocurrency Dogecoin. The company says its customers have been showing heavy demand for crypto in recent years, and thus executives want to adhere to their needs and wants. Gucci Will Begin Accepting Crypto Payments for Luxury Items The move is pushing the goals of bitcoin and...

Two leading South Korean cryptocurrency exchanges, UpBit and Bithumb, have issued a warning for Litecoin after the activation of MimbleWimble Extension Blocks (MWEB). Growing Concerns UpBit revealed terminating “transaction support for digital assets with technology that makes transmission records indistinguishable from the past” while pointing to Korea’s Act on the Reporting and Use of Specific Financial Transaction Information. Under this act, crypto exchanges in the...

ADA failed to sustain a rally and break the key resistance. Now, the price is dangerously close to a critical support. Key Support levels: $0.50, $0.40  Key Resistance levels: $0.60, $0.75 ADA attempted to rally yesterday, but the price was quickly pushed back to the key support at $0.50. Should this critical level fall, then the cryptocurrency could go all the way down to $0.40. The important resistance sits at $0.60, and Cardano only managed to test this level once when it...

For nearly two weeks, Ripple has been below its static level at $0.45. The bulls attempted to push the price above it several times, but so far, they have failed. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, XRP saw a 37% recovery below the static level (in blue) after the bulls managed to defend the horizontal support at $0.33 (in green). The MA 20D (in white) has come down to this important level and acts as a price barrier. The cryptocurrency has...

As BTC gets rejected from $30,000 and ETH slides below $2,000, the broader crypto market is deep in the red zone. As of now, half of the top 30 cryptocurrencies are 80% (or more) down from ATHs. Altcoins in Bloodbath After major cryptocurrencies hit ATHs last November, with Bitcoin touching the $69,000 level at one point, a months-long bear market has brought 15 of the top 30 cryptocurrencies 80% down from their record highs. As the selloff extends in time with no signs of...

Ethereum price started a fresh decline from the $2,500 zone against the US Dollar. ETH price is now trading below $2,200 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2,100 on the 4-hours chart (data feed from Coinbase). The pair remains at a risk of more downsides towards the $1,650 support level. Ethereum price is struggling below $2,200 against the US Dollar. ETH/USD remains at a risk of more downsides if...