Crypto news

Stellar lumen price started a fresh increase above the $0.1250 resistance zone against the US Dollar. XLM price is now trading above $0.1250 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.1260 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1250 and $0.1220 support levels. Stellar lumen price is trading above $0.1250 against the US Dollar, similar to...

INTERNET CITY, DUBAI, Aug. 12, 2022 – LBank Exchange, a global digital asset trading platform, will list Remitt USD (USDR) on August 15, 2022. For all users of LBank Exchange, the USDR/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on August 15, 2022. Aiming to improve money transfer and remittance business by facilitating AI technologies, Remitt provides fully-collateralized stablecoins with AI-powered P2P exchange-bot that offers additional...

Ripple price gained pace and cleared the $0.3650 resistance against the US dollar. The price is now trading above $0.365 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3740 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise steadily if it stays above the $0.3720 and $0.3650 support levels. Ripple price is recovering above $0.3750 against the US Dollar, similar to bitcoin....

Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project’s stablecoin.  Shortly after the hack, the Acala team updated users on Twitter, noting that the exploit originated from a “misconfiguration of the iBTC/aUSD liquidity pool.” The misconfiguration has now been rectified, according to the project.  We have identified the issue as...

The crypto space isn’t doing well, but according to many analysts, the time to buy is now. Several industry heads are claiming that those who are enthusiastic about bitcoin need to begin stocking up and adding to their stashes quickly in that the market could find itself rebounding very soon. Analysts Say We Should Be Buying Bitcoin Should this happen, prices will immediately go up, meaning many of the traders and investors out there will get stuck paying higher prices...

A strong resistance level has trapped Ripple for over two months, resulting in the price flirting between $0.3 to $0.39 during that period. It seems that the continuation of the upward trend depends on clearing this barrier. However, it’s unsure if there is enough momentum for the bulls. Technical Analysis By Grizzly The Daily Chart Analyzing the following daily chart reveals that the structure formed in the last two months has been textbook bullish, accompanied by the...

The Barracuda Championship is the first PGA Tour stop that will be accepting cryptocurrency as a method of payment for event tickets. Thus, golf fans and digital currency fans alike can finally meet in the middle and enjoy something together. PGA Says “Yes” to Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either...

After getting rejected from the $24K sentimental resistance area three times, the Bitcoin price finally broke the threshold, forming higher highs and lows on the daily chart. Can buyers expect to see the $27K level reached next? Technical Analysis By Shayan The Daily Chart The weekly candle is closing tonight (Sunday’s midnight UTC), and if Bitcoin successfully closes above the $24K level, a rally toward the $27K region will be likely. However, the 100-day moving average – a...

Ripple’s latest Value Report estimated that 76% of financial institutions plan to use cryptocurrencies in their operations in the next 36 months. The majority of those entities, though, said they will delve into the industry, assuming there is an appropriate regulatory framework applied to it. The study also revealed that 20% of global consumers would only buy sustainable cryptocurrencies. However, the company pointed out that many people are not aware which digital assets...

With the crypto space falling into oblivion, many wonder if the arena has what it takes to ever come back. According to Ray Youssef of Paxful fame, the crypto industry isn’t going anywhere, and he’s confident market recovery will soon be in the books. Ray Youssef on the State of Crypto In a recent interview, Youssef stated that while things may look bleak at the time of writing, no one really needs to worry. He says that the crypto space has garnered enough adoption that...