Crypto news

On Saturday, bulls made another attempt to push the ETH price above $4,000 with no success. After ETH had broken below $4K, the latter turned into the main question for deciding Ethereum’s short-term future. Key Support levels: $3,700 Key Resistance levels: $4,000, $4,435, $4,868 (ATH) ETH is attempting to stop the downtrend and curved up above the support at $3,700, creating long wicks to the downside over the past week (this shows that there is demand at lower levels)....

[PRESS RELEASE – Tortola, BVI, 16th December 2021] The MahaDAO founders, Steven Enamakel and Pranay Sanghavi have recently bought back a large chunk of $MAHA from various private sale investors in a bulk OTC transaction. The deal was led by Simon Dedic from Moonrock Capital, allowing the founders to have a more vested interest in the project. The deal marks a new beginning for MahaDAO as the project begins to take new heights with the launch of its valuecoin ARTH, a stable...

Following another sub-$46,000 dip, bitcoin has bounced off and currently sits above $47,000. The altcoins are also slightly in the green, with Terra outperforming the rest after a substantial double-digit surge. LUNA Surpasses DOT The altcoins have suffered quite a lot since the start of December, and especially since the massive crash two weeks ago. Ethereum went from nearly $4,700 to $3,500 in a day, and even though it has recovered a lot of ground since then, it still...

This year, Radioshack, the legendary seller of electronic components and specialized hardware, turned 100 years old, and what better way to celebrate its longevity than to change its line of business to fully embrace the world of cryptocurrencies with the launch of a DeFi protocol and an NFT collection. In a move that left a good portion of assiduous Crypto Twitter users scratching their heads, the company changed its Bio and website to promote its new vision of launching and...

The blockchain analytics platform Nansen raised $75 million via a Series B funding round led by the venture capital firm Accel. The investment will aim to expand the former’s global presence and accelerate the development of innovative product offerings for customers. Nansen’s Newest Funding Round The Singapore-based blockchain platform announced the news on its official website. Apart from Accel, the funding round was supported by several other venture capital firms,...

Bitcoin IRA – a retirement company that allows investors to add crypto like bitcoin and Ethereum to their 401K portfolios – has completed a survey that suggests one in three people believe bitcoin is going to hit the six-figure mark in 2022. Bitcoin IRA and Its Customers Suggest Bit BTC Money in 2022 Bitcoin has come a long way in the 12 years it’s been around. Starting out as a simple whitepaper topic, bitcoin was first mined in January 2009, and the subject of digital...

According to Reuters, the Russian central bank wants to ban investments in cryptocurrencies in the country. Following the bearish news, Bitcoin’s price fell to near $48.5k in the spot market. In the options market the last 48 hours, many options traders sold Calls and bought Puts to hedge for the near-term expiries. Multi expiry skew shows that traders seek downside protection. It seems that they are not optimistic about the rally in 2021: Technical Analysis On a daily...

Key Support level: $0.000030  Key Resistance level: : $0.000034 SHIB has finally arrived at the $0.000030 support level which has the best chance to reverse the current downtrend. This is because this level was the previous all-time high from October and should act as strong support. Moreover, the downtrend is forming an ending diagonal wave with converging lines based on Elliot Wave theory (see in blue). A break from this triangle can take the price to the resistance at...

With the holidays right around the corner, many people are in the mood to receive and give gifts, and several millennials are now looking to crypto and non-fungible tokens (NFTs) to get the job done. Millennials Think NFTs Make the Perfect Gift Many millennials have flocked to crypto in recent years given that they have lost what little trust they had of the standard financial services industry. Many grew up during the time of the Great Recession and have come to believe...

The co-founder of Reddit continues with his cryptocurrency involvement with a new joint venture with the popular blockchain project Polygon to help developments in the Web3 sector. The press release shared with CryptoPotato informed that Seven Seven Six and Polygon plan to deploy $200 million for this new initiative. It will support startups aiming to work on social media platforms and Web3, or as the statement described them – protocols “exploring better ways for humans to...