Crypto news

Banca Generali – an Italian Bank geared towards private banking and wealth management – plans to launch Bitcoin trading services in early 2022. These services will be enabled through an integration with Conio – a Bitcoin wallet/ exchange app. Bitcoin in Italy Financial magazine “We Wealth” provided details on the bank’s new services last month. Apparently, Banca’s 300 000 customers will be able to create a Bitcoin wallet directly from their bank accounts, thanks to Conio. The...

Residents of El Salvador are experiencing more problems with the “Chivo” wallet system that the country has implemented. Chivo is designed to give all residents of the country access to bitcoin so that they can begin transacting it now that the currency is legal tender and designed to be used alongside USD, which the nation has long been dependent on. El Salvador Sees Issues with Its Chivo Wallet The goal is certainly impactful, but to say that the Chivo wallet hasn’t...

It’s 2022 and bitcoin is not starting the new year off well. The currency – which was recently trading for as much as $51,000 per unit just last week – has fallen to about $47,000 at press time. That’s $4,000 off its price in a rather limited period, and many are wondering if this is an ugly sign of things to come. Bitcoin Enters 2022 a Little Shaky Bitcoin is performing worse than it has in the past seven months, according to many analysts. The currency has fallen by...

The year started on a rather bland note, far below the bold predictions made by several notable Bitcoin proponents in terms of BTC’s price. While 2021 was quite impressive, the cryptocurrency market entered a familiar territory of extreme fear as it began the first week of 2022. In contrast, though, Bitcoin’s hash rate has registered a new all-time high, indicating that the network’s robustness has never been more secure. Bitcoin Hash Rate Taps a New Peak According to the...

Bitcoin is fluctuating sideways, and it has exhausted retail investors. Looking at the market’s low volume and volatility structure, an imminent significant move is expected in the coming days. In the past few days, both bears and bulls struggled to win the game. The price is currently on a critical level (orange box), and breaking above or below this box will determine the mid-term direction. In the case of being supported by the orange zone, reaching $75K is not so out of...

[PRESS RELEASE – Please Read Disclaimer] Space, a commerce virtual world that enables creatives to make their own virtual store, subscription room, or ticketed event with VR properties, has announced the release of the Alpha version of its Metaverse. After six months of hard work, Space has introduced a series of benefits to its Alpha platform so that users can develop an immersive experience of metaverse commerce, a sector that is expected to grow at a compound annual rate...

It is no news that an increasing number of corporate investors are seeking to gain more exposure to cryptocurrencies, given that the asset class has grown tremendously from its nascent state into a popular financial instrument. VC Investments Surge 450% With corporate investors seeing the opportunities associated with cryptocurrencies, a recent report published in CryptoQuant suggests that such businesses saw an inflow of more venture capital (VC) funding in 2021 compared to...

[PRESS RELEASE – Please Read Disclaimer] Everyone understands that the Arabs are about to run out of oil, and digital assets are just starting to grow there. The independent DeFi project Arabic Cash showed a great example of growth. Just recently this project hit the top of the charts. In a few hours, the ABIC token of this project rose sharply by 1800%. It started growing due to positive news from Arabic Emirates and this turbine managed to raise its value from $0.02 to...

Stellar lumen price is attempting a fresh increase from the $0.2600 zone against the US Dollar. XLM price is now trading above $0.2850 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.2650 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2950. Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to...

Ripple price started a recovery wave from the $0.8000 zone against the US dollar. The price is now trading below $0.88 and the 55 simple moving average (4-hours). There is a connecting resistance trend line near $0.8650 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if there is a clear break above the $0.8650 resistance. Ripple price is struggling below $0.900 against the US Dollar, like bitcoin. XRP price could...