Crypto news

Justin Sun, the founder of TRON, just announced that he purchased over $150 million worth of bitcoins at an average price of about $36,800. In what some are calling ‘the greatest wealth transfer of the year,’ Bitcoin and the cryptocurrency market at large plummeted over 50% before rebounding over 25% within hours. Amidst a slew of liquidations, several high-profile cryptocurrency advocates like Michael Saylor spoke out, reaffirming their bullish thesis, unexpectedly including...

Bitcoin has fallen into the dung heap. The currency – which last month hit a new all-time high of roughly $64,000 – is now trading for about $20,000 less and is trapped in the $43,000 range. It also looks like things are going to be unsteady for the next couple of weeks according to billionaire investor and former hedge fund manager Mike Novogratz. Mike Novogratz: Expect Things to Be Down for the Next Month Novogratz is arguably one of the world’s biggest bitcoin...

The investment department of the large multinational financial service organization, Wells Fargo, is looking into offering cryptocurrency products to its institutional clients. A senior executive outlined the innovation in a recent interview and called bitcoin “a nice diversifier.” Wells Fargo Getting on the BTC Wagon? In a recent interview with BusinessInsider, Darrell Cronk, president of the Wells Fargo Investment Institute (WFII), highlighted the bank’s recent...

[PRESS RELEASE – Milan, Italy, 19th May 2021] Luxury fashion brand Angelo Galasso is releasing its first collection of nonfungible tokens (NFT), which are designed to be sold alongside and reinforce the exclusivity of its handmade items by binding the digital and physical into a single bundle. Through a collaboration with acclaimed digital artist Doc Lee from altered.tv, who has previously worked with brands such as Jaguar, Disney, Cartier, and others, Angelo Galasso is...

Bitcoin saw another sharp 17% price drop today, causing the cryptocurrency to spike as low as $36,250 as of writing these lines. In total, the coin has now dropped by over 30% in a matter of days, and 40% below the current all-time high at around $65k. The first signal for the bitcoin downturn was the break beneath the rising trend line at the beginning of the past week when BTC fell beneath the $50,000 psychological support. From there, the coin continued to drop to find...

The honeymoon period between Tesla and Bitcoin may have ended as the latter’s price has returned to levels before the EV-maker entered the scene. Despite the massive crash, though, several on-chain instruments suggest that long-term holders have refused to sell, while some larger whales may have used the opportunity to buy the dip. Bitcoin Back to Pre-Tesla Price Levels Elon Musk’s electric vehicle giant broke the internet in early February when it revealed that the firm had...

Real Research is a respected survey conduction platform and is powered by blockchain technology. The project is run by the renowned TNC IT Group. Real Research offers a global service to those who seek answers in their business or academic journey. The platform is open to all users and anyone can create and deploy unique surveys to reach a vast audience. The Real Research app and Sponsor Portal go hand-in-hand, with these tools, users on the platform are armed with the...

Ethereum price started a fresh decline from well above $3,500 against the US Dollar. ETH price is currently trading well below $3,500 and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $3,600 on the 4-hours chart (data feed from Coinbase). The pair must stay above $3,000 to start a fresh increase in the coming sessions. Ethereum price extended its decline below $3,500 against the US Dollar. ETH/USD is approaching...

After the first successful parachain on Kusama is demonstrated, Polkadot will transition towards a complete main net launch, allowing for Wood’s dream of a scalable multichain platform to be completed. Testing Methodology The creation of parachains will be groundbreaking, but their viability must be tested thoroughly before deployment. Parachains are fine-tuned chains for specific purposes, and they benefit from a central security model (the Relay Chain), which protects them...

You know a cryptocurrency has reached a whole new pinnacle when it features its own hard fork or spin-off coin. In bitcoin’s case, there are several assets that stem from its technology such as Bitcoin SV (BSV), bitcoin cash (BCH) and Litecoin (LTC). Now, it looks like Dogecoin – a cryptocurrency that was never designed to be taken seriously – has its own alternate currency known as Shiba Inu coin, and some people have already become millionaires thanks to early...