Crypto news

Venmo – a division of PayPal – is launching a new feature that will allow customers to purchase cryptocurrency with the money they earn back from using Venmo-based credit cards. Venmo Customers Can Now Use Their Cash Rewards to Buy BTC One of the big benefits of this program is that users will not be subjected to transaction fees as they are not purchasing crypto directly with bank accounts or other specific payment tools. The company says that the cashback system will...

It’s been a wild ride over the past seven days, but this time bulls had the upper hand, bringing the total cryptocurrency market cap above $2 trillion once again. Let’s start with Bitcoin. It’s up almost 14% throughout the week, currently testing the important 200-MA resistance at around $46.7K, once again. It failed to breach it a couple of days ago, which sent the market into a short-term correction. However, bulls prevented any serious losses, and after less than a day of...

This infrastructure bill is turning into an absolute joke. After allegedly coming to an agreement over a potential amendment to the cryptocurrency portion of the bill, the new language detailing crypto transactions and brokers is getting attacked by senators such as Bernie Sanders of Vermont, thereby resulting in additional holdbacks. The Infrastructure Bill Is Becoming a Major Problem The bill is already stupid given that it is presently worth approximately $1 trillion....

[PRESS RELEASE – Tel Aviv, Israel, 13th August 2021] VeChain is the latest cryptocurrency to be added by Simplex, allowing users to buy, sell and trade VET for fiat and other crypto assets. Announced Monday, fiat-to-crypto onramp infrastructure platform, Simplex, added VeChain to its list of supported crypto assets, enabling users to quickly purchase VET across its partner network. The partnership opens the crypto community to a global platform, allowing them to purchase VET...

[PRESS RELEASE – Please Read Disclaimer] What Is InPoker? InPoker is a fresh new take on online poker, incorporating the latest financial technologies and features to provide players with various ways to win rewards. The platform had a soft launch on 30th July and has since reached over 10,000 registered and 700 daily users. InPoker is the first e-sports platform with NFT membership and an integrated DeFi protocol that allows users to participate in poker tournaments by...

Bitcoin Bitcoin saw a strong 13.9% price hike this week as the cryptocurrency continues the bullish run that started in late July when it penetrated above the descending wedge consolidation pattern. Last Friday, BTC was trading beneath $42,000 but eventually surged higher above the resistance by the end of the day. By the weekend, BTC managed to hit the 200-day MA level at around $44,750. It continued to surge higher on Monday to hit $46,500. However, BTC stalled there and...

A Reddit user has outlined a fake website trying to copy and even promise more features than the verified Cardano (ADA) wallet – Daedalus. However, the copycat has a slightly different URL address. The user, going by the Reddit handle Tjaaark, posted on August 13th that a “fake Daedalus website is being marketed on Discord.” He advised users to be wary as the copycat had some notable differences from the verified one. For instance, the one marketed on Discord has an URL...

[PRESS RELEASE – Hong Kong, Wednesday, August 11th, 2021] Following the launch of $BITE token on Uniswap in June and to promote the staking of its cryptocurrency, Dragonbite is organizing a Grand Giveaway with a Ferrari California as a first prize. DragonBite aims to revolutionize the loyalty program industry by allowing people to swap their reward points from participating loyalty programs into digital assets and to bring attention to their project the team has launched a...

The bearish divergence appearing on the BTC 4-hour chart for the past week managed to form a local top at $46.7k. BTC fell to a near-term low at $43.8k, finding support just above a key downtrend. Chart by TradingViewAs we reported earlier, the recent dip below the 200-day moving average puts BTC in a tight spot as it is important to see a strong weekly close above that level. Making a weekly close above it, alongside the 21-week moving average, will flash a very bullish...

Sergey Shvetsov – a member of the Bank of Russia Board of Directors – urged investors to stay away from bitcoin. In his opinion, allocating money in the asset is highly risky and could result in a total loss. Bitcoin Is a ‘Technological Financial Pyramid’ The first deputy governor at the Central Bank of Russia – Sergey Shvetsov – sounded a note of caution for local investors to beware of alternative financial instruments such as bitcoin. He argued that investing in it is so...