Crypto news

Several Bitcoin communities and industry leaders have issued a letter to the Environmental Protection Agency (EPA) to clear up confusion and educate the public about Bitcoin’s power consumption. Among its 55 signatories are MicroStrategy CEO Michael Saylor, and “Block Head” Jack Dorsey. Proof of Stake is Not the Answer The letter – shared by the Bitcoin Mining Council – was designed as a response to a previous congressional request to review mining facilities’ compliance with...

After Ripple ended April with a 34% red candlestick, it is now on the monthly Fibonacci Retracement at 0.786, and many expect the one-year downtrend to end. Technical Analysis By Grizzly The Daily Chart: Chart by TradingViewOn the daily timeframe, after the price could not break the descending line at the end of March, the bears pushed XRP down by 40%. Ripple is currently on the horizontal support in the range of $0.5-$0.55, which has so far acted well. The RSI indicator has...

Over 4 Million transactions from Solan’s NFT minting bots have brought the network down for seven hours this past weekend. It marked the seventh time the network was down this year due to security issues. The Seventh Outage of the Year An unprecedented number of 4 million NFT transactions sent out by bots through Candy Machine, a Solana-based project, collapsed the Solana network again, making validators unable to get transactions through. The network was down for 7 hours –...

A mining company in Denver, Colorado called Crusoe Energy has gotten its hands on $350 million through a new series C funding round led by G2 Venture Partners. Crusoe Energy Just Built Up Its Financial Reserves Crusoe Energy is famous for its ability to use wasted natural gas as power for mining bitcoin units. This is an argument that continues to arise in the crypto mining world. Can miners potentially use renewable energy to mine their assets so that the Earth is not...

Bitcoin’s RSI has been rejected from a significant long-term trendline three times. When the RSI hit the mentioned trendline, the price plummeted sharply and was rejected. To provide prospects of positive development in terms of price, the trendline needs to get broken. Technical Analysis By Shayan The Daily Chart The $37K threshold has become a significant support level for Bitcoin, acting as a substantial hurdle for bears. If this level fails to hold, the price will likely...

On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko, CEO of Aurora Labs, revealed that the attack was stopped automatically as the bridge architecture was designed to resist such events. No funds were lost during the event, Shevchenko added. The Attack It all started when the attacker sent some ETH through the popular coin mixer,...

Stellar lumen price started a fresh decline from the $0.1950 resistance zone against the US Dollar. XLM price is now trading below $0.1800 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.1800 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a move below the $0.1700 support. Stellar lumen price is trading in a bearish zone below $0.1800 against the US Dollar,...

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Shooting games have been a popular genre with one the largest user base of all. And with blockchain technology making inroads in the gaming industry, why not make the best out of both and create something fun and exciting? So, here we are with The Next War (TNW), a game that takes the Battle Royale style a step ahead. While there are a bunch of other games in the market, none of them are sustainable. You spend a few hours playing one but does that help in any way apart...

Ripple price started a fresh decline from the $0.7650 zone against the US dollar. The price is now trading below $0.65 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.6080 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend recovery if there is a move above the $0.6330 resistance zone. Ripple price is struggling below $0.6500 against the US Dollar, similar to...