Crypto news

Bitcoin has come a long way in the short time it’s been here. However, it was initially designed to diversify wealth and limit the gap between the haves and have nots by giving people the financial freedom and independence they had always wanted. Sadly, things haven’t quite turned out that way, as it appears a wealthy one percent – just like we see in standard finance and business – controls much of the world’s bitcoin supply. Bitcoin Hasn’t Distributed Wealth Evenly A...

Key Support levels: $1.3 Key Resistance level: $1.5 ADA did not look back after breaking the descending triangle (in blue) and appears ready for more gains. It has reversed the downtrend with a strong momentum upwards which has taken the price over $1.3. If ADA can turn this level into support, then the next target sits at $1.5, which will act as resistance. Chart by TradingViewTechnical Indicators Trading Volume: Volume was strong during the breakout and remains high. The...

Mike Novogratz – CEO of Galaxy Investment Partners – recently gave his thoughts on Bitcoin’s price volatility going forwards. Here’s what he had to say. On CNBC’s Squawk Box, Joe Kernen pointed out to Novogratz that Bitcoin is up 66% on the year, yet down 30% from its high of $69k. He then asked if institutional adoption would lessen this apparent volatility. “I think volatility is coming down,” responded Novogratz. He recognizes how Bitcoin is relatively stable compared to...

After touting a new bill that would potentially regulate crypto and declare it a new financial sector within the country’s borders, India has announced it will not be moving forward on the bill at this time. To be fair, this doesn’t mean a ban will be put in place. It just means officials are delaying a decision that was supposed to be made during this winter season in India’s Parliament. India Has Hit a Standstill News emerged less than a month ago that India had...

Adam White – the 3+ year President of Bakkt – has announced that he is leaving the company. His future plans remain a mystery. White announced his upcoming departure in a tweet earlier today. He showed satisfaction with the crypto industry’s maturation from a regulatory standpoint. “Lots of work still to do here but never been more optimistic about the future,” he said. Bakkt is a digital asset manager that started by helping institutions securely hold cryptocurrencies, among...

INTERNET CITY, DUBAI, Dec. 21, 2021 – LBank Exchange, a global digital asset trading platform, will list PLASTIK token on December 24, 2021. For all users of LBank Exchange, the PLASTIK/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on December 24, 2021. Climate change has become one of the biggest challenges the world is facing due to all kinds of the pollution caused by products which are used in everyday lives such as Single-Use Plastic...

This Friday, 24 of December 21, about $684 million worth of Bitcoin options contracts will expire in Deribit Exchange. The maximum pain price – the strike price that brings maximum loss to option buyers – is $48k. The put/call ratio (PCR) is 0.67. Calls for a $64k strike price have the highest open interest. The last two weeks’ Buy/Sell volume shows that the call seller for the $52k strike still looks at this strike as a resistance for this expiry. Ichimoku cloud could...

INTERNET CITY, DUBAI, Dec. 21, 2021 – LBank Exchange, a global digital asset trading platform, will list Chain Token (CHN) on December 24, 2021. For all users of LBank Exchange, the CHN/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 24, 2021. As a blockchain based technology company, Chain is on a mission to enable a smarter and more connected economy. Powered by its ledger-as-a-service platform named Sequence, Chain builds...

Yesterday, we saw the floor price for NFTs from the Bored Ape Yacht Club (BAYC) collection surpass that for the famed Crypto Punks for the first time. The Flippening Data from OpenSea shows that yesterday, the floor price of the BAYC NFT collection was at 54 ETH, while the floor price of an NFT from the CryptoPunk collection was 52.8 ETH. In other words, we witnessed the first-ever flippening in the world of NFTs, where the most expensive collection officially was the Bored...

Key Support levels: $3,700 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) The battle between buyers and sellers is ongoing at the key $4,000 level. So far, the sellers managed to push the price below it after a short incursion from bulls. At the time of this post, the $4,000 level is acting as a resistance, and if the buyers manage to turn it into support, then ETH can rally further. Chart by TradingViewTechnical Indicators Trading Volume: Volume disappeared after ETH...