Crypto news

XRP/USD – XRP Remains Inside June Falling Price Channel. Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.7, $0.72, $0.781. XRP is down 5% this week as it struggles to break the 20-day MA near $0.7. It is also trading inside a falling price channel that was established at the beginning of June. Each time XRP attempted to break the price channel, the upper boundary rejected it. The volume remains low for XRP, and an increase in the volume would be required to...

A Maltese man is currently facing several charges alleging that he had fraudulently taken about $700,000 worth of crypto from his drinking companion. According to a Tuesday report by a local media outlet, several police officers testified against the suspect during the hearing of the case which took place before magistrate Donatella Frendo Dimech. He faces the following charges: money laundering, misappropriation, theft of cryptocurrency, violently resisting arrest, being in...

BTC continues the drawn-out phase of consolidation as it trades sideways inside a short-term symmetrical triangle pattern. It looks as BTC awaits the next huge move as the apex of the triangle draws near – in a matter of days or even hours, and the trading volume decreases, which typically happens before a massive move. Quick recap: Bitcoin tested the upper boundary of the symmetrical triangle earlier in the week but failed to surpass $35,600 – $36K. From there, it headed...

[PRESS RELEASE – Tortola, BVI, 6th July 2021] Solrise Finance, a DeFi protocol designed to support managed portfolios of native and synthetic funds on the scalable, low-latency Solana platform, has successfully concluded a $3.4 million funding round.The capital raise was led by a consortium of top venture capital funds within the decentralized finance space, including Alameda Research, CMS Holdings, Delphi Digital, Jump Capital, Parafi Capital, DeFi Alliance, Reciprocal...

Tron price started a decent increase above the $0.0600 zone against the US Dollar. TRX price is now trading well above $0.0620, but it is below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0670 on the 4-hours chart (data feed via Bitfinex). The pair is likely to start a decent increase above the $0.0680 and $0.0700 resistance levels. TRON price is now showing positive signs above $0.0600 against the US...

The month of June marked a turning point for the world of crypto and bitcoin mining, and it looks like revenue for miners has begun to slip. Crypto Miners Are Losing Out On Funds Both bitcoin and Ethereum miners reported a drop in earnings throughout June 2021. Profits fell by as much as 42 percent from May, which saw those involved in extracting new units garner a whopping $1.45 billion in crypto-based profit. By contrast, June only produced $839 million in profit for...

The Brazilian authorities have arrested the president of the Bitcoin Banco Group – Claudio Oliveira. According to them, he was responsible for swiping 7,000 bitcoins from customers worth $250 million today. ‘The Bitcoin King’ Got Busted In a recent online press release, the Brazilian officials reported the arrest of Claudio Oliveira. He was the man in charge of the Bitcoin Banco Group – a company promising high returns for clients who invest their bitcoins with it. Following...

According to a new report issued by cryptocurrency research firm Crypto Head, the United States is the most-ready nation to initiate full scale cryptocurrency adoption. Crypto Head Puts the U.S. in the Number One Spot Crypto Head is basing its figures on several factors, including the amount of bitcoin and crypto-based ATMs the U.S. has within its borders. Thus far, the United States has more than 17,000 bitcoin ATMs stationed throughout the country. In second place was...

Switzerland’s Sygnum Bank announced that its customers could use its institutional-grade banking platform to stake ETH for Ethereum 2.0 from their existing wallets. Sygnum’s Pioneering Move Sygnum revealed that it intends to become the first banking institution to provide Ethereum 2.0 staking. In doing so, its clients may be able to earn returns of up to 7 percent per annum (at current estimations). The bank, which is both Swiss- and Singapore-based, announced that staking...

A man in Utah is the latest victim of a crypto scam. Brandon Larsen says that he downloaded what turned out to be a phony crypto application that ultimately cost him close to $400,000 in digital funds. Brandon Larsen Has Lost Quite a Bit to Scammers Larsen says that the app looked real enough and was allegedly associated with several cryptocurrency websites he knew and used. However, it was not long before he realized that the application was fraudulent, and that it had...