Crypto news

Omnia Markets, Inc.  – an artificial intelligence platform that offers crypto data and industry market information – is launching a new We Funder campaign to garner support for its new cryptocurrency education tool that will help investors understand the volatility that comes with digital assets. Omnia Markets Wants Educated Investors Many of the world’s biggest virtual currencies, such as bitcoin and Ethereum, will often experience heavy price swings that make the...

Just days after the US Office of Foreign Assets Control (OFAC) barred American citizens from transacting with Tornado Cash, dYdX has revealed blocking accounts that had previously engaged with the coin mixer. To comply with the new sanctions set by the OFAC, dYdX observed a significant increase in accounts flagged by one of its compliance vendors that were subsequently blocked. It cited that a certain portion of the funds in these account wallets had, in some way, interacted...

After two failed attempts to break above the $44 level, Solana is back at it again. Key Support levels: $40, $35  Key Resistance levels: $44, $59 The bulls are seemingly very eager to push the price higher. The cryptocurrency rallied above the $4 key resistance level today but is now falling back down. If the buyers fail to sustain the momentum, then this might result in the third failed attempt at breaking this important level. The key support, meanwhile, is found at $40....

Proponents of the Ethereum fork are gearing up to eliminate the pivotal EIP-1559. An Ethereum miner, which gained allies from many prominent figures and firms in the industry, has now published an open letter to the community. The Twitter account of the proposed chain-split fork – EthereumPoW –  said that the once “almighty” Ethereum Foundation has abandoned “decentralization” as part of its missions as the transition towards proof-of-stake (PoS) neared. Goals In a long...

CryptoPunks is arguably one of the most iconic collections of NFTs – the one that ignited the niche’s bull market in 2021 and throughout the first few months of 2022. It appears that users are showing renewed interest in the non-fungible tokens as data reveals a soaring trading volume over the past 24 hours. Data from popular DApp resource DappRadar reveals that the interest in the CryptoPunks NFT collection is soaring over the past couple of days. The total trading volume...

ADA price started a fresh increase above the $0.52 resistance against the US Dollar. The price is now trading above $0.52 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.5120 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it stays above the $0.512 support zone. Cardano price is showing positive signs above $0.512 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price started a major increase above the $1,800 level against the US Dollar. ETH price is now trading above $1,850 and the 55 simple moving average (4-hours). There was a break above a connecting bearish trend line with resistance near $1,760 on the 4-hours chart (data feed from Coinbase). The pair could gain bullish momentum if it clears the $1,920 resistance zone. Ethereum price is rising above the $1,800 level against the US Dollar. ETH/USD could rise further...

LongHash Ventures – an Asian investment firm and accelerator that’s geared towards web 3 – has announced a $100 million venture fund for the decentralized web.  The money will be targeted at “multi-chain Web3 infrastructure projects” supporting DeFi, NFTs, GameFi, and the metaverse. Per a press release shared with CryptoPotato on Wednesday, the fund will continue to raise capital until the end of the year, aiming for $100 million. LongHash has already backed over 60 projects,...

Jenny Johnson – President and Chief Executive Officer of Franklin Templeton – thinks the ongoing economic condition is in a very grim state, while bitcoin is “the best distraction” from that downfall. She also praised blockchain technology as a great innovation that will positively impact different industries in the near future. Established in 1947, Franklin Templeton is a global investment firm with over $1.5 trillion of assets under management. Apart from traditional...

Hotbit – a Shanghai-based cryptocurrency exchange – has indefinitely frozen all trading, deposits, and withdrawals of its users’ crypto assets. Yet unlike other firms, Hotbit said that its suspension of services is related to a legal battle it’s facing with law enforcement agencies, rather than bear market liquidity issues. Hotbit’s Legal Drama According to an announcement from the company on Wednesday, the activity freeze is due to a former Hotbit employee having been...