Crypto news

Terraform Labs in Seoul, South Korea is looking to buy as much as $10 billion worth of bitcoin to back its own stable currency, which it’s looking to release soon into the crypto market. The company is also looking to make bitcoin the world’s new reserve currency. Terraform Labs Has Big Plans for Bitcoin At the time of writing, Terraform Labs has garnered roughly 40,000 bitcoin units, which are worth about $1.7 billion. The purchases were made with the assistance of Luna...

Thailand’s Gulf Energy Development Public Company Ltd. recently announced that it had made a significant investment in the US affiliate of the leading cryptocurrency exchange, Binance. Gulf Invests in Binance US and BNB According to a regulatory filing with the Thailand Stock Exchange today, the Thailand-based energy company revealed that it had invested in “Series Seed Preferred Stock” through its wholly-owned subsidiary, Gulf International Investments Limited. The assets...

The Ethereum Foundation (EF) – a non-profit organization that supports the second-largest blockchain protocol – disclosed that its treasury equals around $1.6 billion. $1.3 billion of it is distributed in digital assets (primarily ETH), while approximately $300 million belong to non-crypto investments. The EF Sold ETH at the ATH In its financial report, the Ethereum Foundation revealed that 99.1% of its total $1.3 billion crypto holdings are held in ETH. This amount was...

Several restaurants across the United States are beginning to say “yes” to bitcoin and crypto payments. Restaurants and Crypto… A Perfect Match? The hype surrounding crypto as a payment method is beginning to take hold, and several high-profile eateries throughout America are now beginning to allow their customers to pay with digital assets. Cambo Flare, for example, is an Asian fusion restaurant in Big Lake, Minnesota. Since opening in November of 2020, the customers...

Bitcoin’s price has been rejected from the 200-day moving average and is currently experiencing a sharp downtrend. The Daily Timeframe Technical Analysis By: Edris The 50-day and 100-day moving average lines printed a bullish crossover last week. However, instead of holding the price, BTC broke to the downside. These moving averages have also acted as resistance and pushed the price further down over the past week. BTC is currently heading towards the $36K support level,...

Metaverse games The Sandbox and FlickPlay have partnered to create an NFT collection interoperable between both games. The collectibles feature an anthropomorphic chameleon named Flicky, who wears various combinations of clothing. The First Physical-World NFT As reported by Reuters, some of the users that acquire Flicky will be able to use it as their Sandbox avatar. The Sandbox is a 3D virtual world where users can build assets and buy land on the Ethereum blockchain. Its...

Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmental Conservation (DEC) is currently under pressure from a regional activist group to have the facility shut down. The Fight to Reach Emissions Targets In a conversation with WSKG news, DEC Commissioner Basil Seggos said that he has “significant concerns” as to whether the mining...

Key Support levels: $0.90, $0.79  Key Resistance levels: $1, $1.2 This Monday saw the market open in red, and ADA dropped 5% in a few hours. The support at $0.90 is struggling to prevent the cryptocurrency from falling lower but will likely fail if the selling pressure continues. Should that happen, ADA has good support at $0.79. The resistance at $1 is unlikely to be tested considering the current price action. Chart by TradingViewTechnical Indicators Trading Volume: The...

Stellar lumen price started a fresh decline from the $0.2120 resistance zone against the US Dollar. XLM price is now trading below $0.2000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.2000 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a move below the $0.1850 support. Stellar lumen price is trading in a bearish zone below $0.2000 against the US Dollar, similar...

Ripple price started a fresh decline from the $0.8000 zone against the US dollar. The price is now trading below $0.76 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.7700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend decline if there is a move below the $0.7200 support zone. Ripple price is struggling below $0.7800 against the US Dollar, similar to bitcoin. XRP...