Crypto news

Ripple seems to be struggling around the support at $0.33 for 10 days in a row. As a result, the cryptocurrency is trading within a very narrow range with little to no volatility. The sentiment remains predominantly negative. Technical Analysis By Grizzly The Daily Chart On the daily chart, the bulls tried to extend the price above the resistance zone at $0.33 (in red) on multiple occasions. Presently, it appears that there’s not enough demand to propel a considerable...

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

Bitcoin currently gives a ‘calm before the storm’ feeling, as the price has had minimal changes in the last few days. However, there are some interesting levels to watch in the short term. Technical Analysis By: Edris The Daily Chart As seen on the daily chart, the price has observed very small changes in the last few days. Presently, Bitcoin is consolidating in a very tight range at the $20K support zone. The 50-day and 100-day moving average lines are located at the $22K...

In a rather swift departure from its prewar crypto stance, the Bank of Russia is weighing in on the possibility of legalizing crypto for facilitating cross-border payments in the near future. As local news agency TASS reported, the country’s central bank and the Ministry of Finance have agreed that “it is impossible to do without cross-border settlements in cryptocurrency” under the current geopolitical conditions. Deputy Finance Minister Alexei Moiseev said crypto payments...

The United Kingdom’s Office of Financial Sanction Implementation (OFSI) has included “cryptoassets” in a list of assets that must be frozen if they belong to a person or company who is facing sanctions. These developments come as the list of sanctioned Russian entities continue to increase. Eye on Sanctioned Accounts, Breaches As per the new rules, crypto exchanges will face criminal charges if they “fail to report clients designated for sanctions.” The exchanges must...

It looks like the Federal Reserve is in something of a giving mood. The agency has announced that with inflation in America coming to a sudden standstill, members are looking to scale back rate hike plans in the coming months. The Federal Reserve Could Stop Hiking Rates Initially, the Federal Reserve was planning to hold another big meeting in September. Now that the month has arrived, several bitcoin enthusiasts were probably shaking in their boots, as every time the...

Congressman Brad Sherman, who represents California’s San Fernando Valley in the U.S. Congress, is a keen critic of the cryptocurrency industry. In his view, it undermines the dominance of the American dollar and is a threat to the country’s national security. However, Sherman does not believe the government can prohibit the asset class “anytime soon” since there is too much money and power behind it. Crypto Should Have Been Banned Years ago Unlike some other American...

iFX EXPO Asia 2022 is scheduled for 13-15 September and will take place in Bangkok for the first time ever. The largest financial B2B EXPO will be held in the impressive Centara Grand & Bangkok Convention Centre at CentralWorld and will bring together thousands of top professionals from online trading, financial services and fintech industry from all over the world. This iFX EXPO Edition’s Highlights The first EXPO day kicks off with a candid “Industry Inside Out”...

Stellar lumen price started a fresh decline from the $0.114 resistance zone against the US Dollar. XLM price is now trading above $0.1040 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1040 on the 4-hours chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1080 resistance zone. Stellar lumen price is trading below $0.1080 against the US Dollar,...

Ripple price started a fresh decline from the $0.3600 resistance against the US dollar. The price is now trading below $0.350 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the $0.3320 and $0.3450 resistance levels. Ripple price is consolidating above $0.300 against the US Dollar,...