Crypto news

The world of cryptocurrencies, especially in its earlier years, had a reputation of being the playing ground of hackers and various malicious entities. And while this has changed to a huge degree in the past few years and the field received massive recognition and regulatory clarity, the ghosts of its past remain. One of the most infamous Bitcoin hacks took place back in 2016 when someone stole roughly 120,000 BTC from one of the largest cryptocurrency exchanges – Bitfinex....

After an impressive rally last week, SHIB had seen a correction, facing the key support level. Will support hold? Key Support level: $0.000028 Key Resistance levels: $0.000034 Last week, SHIB rallied over 50%, reaching our key resistance at $0.000034. Since then, the price corrected back to the support at $0.000028 and now consolidates above the level. If the sentiment remains bullish on Monday and key support holds – SHIB may see a renewed rally. Chart by...

Analysts at Wells Fargo Investment Institute (WFII), the advisor and subsidiary of Wells Fargo Bank, have asserted that cryptocurrency adoption is still in its early stages. It’s Not Too Late to Buy Crypto In a report published by WFII’s Global Investment Strategy team, the analysts noted that Wells Fargo does not believe it is too late to invest in crypto despite their rapidly rising prices. “We understand the ‘too late to invest’ argument but do not subscribe to it. We...

XRP had seen a green week following a price increase of over 24%. Since yesterday, Ripple has surged by almost 9%. Key Support level: $0.70 Key Resistance levels: $0.96, $1 Ripple’s XRP continued higher during the weekend despite the lower volume and negative crypto sentiment. However, the XRP price has not yet managed to chart a higher high, and the key resistance at $0.96 remains the critical level to watch. In addition, the support at $0.70 has not been retested (and...

Crypto mergers and acquisitions (M&A) soared from $1.1 billion in value in 2020 to $55 billion, representing a massive surge of 4,846%, according to a report by PwC. The average size of an M&A increased threefold, from $52.7 million to $179.7 million. The report notes that a few mega-billion SPAC were behind this substantial jump. Crypto M&A Deals. Source: PwCMoreover, 2021 saw the activity shift back to the Americas. The region increased its shares of the total...

Ukraine is utilizing bitcoin in crowdfunding campaigns to fight against the ongoing threat from Russia. Ukraine Is Using BTC to Prepare for War Ukraine is allegedly being stalked by its neighbor to the east. Russia currently has more than 100,000 troops amassed at the Ukrainian border. Needing funds to boost its military resources and keep up its strength in the face of adversity, Ukraine has turned to the world’s number one digital currency by market cap. Thus far,...

Following green days, Bitcoin encountered resistance at $45K. Together with the negative momentum of the global markets, Bitcoin got heavily rejected and retraced below $42K. Looking at the Stablecoin Supply Ratio, there is a substantial amount of ‘dry powder’ sitting aside, indicating the potential buying power. Meanwhile, the price action sees a pullback phase back to the latest crossed dynamic resistance level. All in all, this short-term correction is a healthy step for a...

The Russian Ministry of Internal Affairs has reportedly taken down four major illegal Dark Web sites, which have made over $260 million in cryptocurrency proceeds from the sale of stolen credit cards. Those platforms are Ferum Shop, Trump’s Dumps, Sky-Fraud forum, and UAS Store. The Latest Seizures Known as “carding” websites, these illicit platforms offer stolen credit cards, and buyers can purchase them with premium gift cards, luxury goods, or (as in this case)...

Fly Coin – a digital currency travel rewards company – has raised more than $30 million through a new seed funding round. Fly Coin Raises $33 Million Fly Coin allows regular travelers to garner crypto-based rewards for all their travel habits. Whether they are checking into hotels, purchasing airline tickets, renting cars, or paying for carry-ons, they can garner these rewards granted they utilize Fly Coin every time they make a travel move. They are paid in the...

A platform known as Engiven has announced that it will begin accepting crypto donations for the U.S. figure skating team currently competing in the Winter Olympic games. The company says that the donations will go towards several initiatives including Destination Beijing, which seeks to bring athletes’ friends and families together when they don’t have the means to travel on their own. Engiven Permits Crypto Donations Destination Beijing fully accounts for the ongoing...