Crypto news

Key Support levels: $166, $146 Key Resistance level: $187 SOL completed a bearish MACD cross on the weekly timeframe after the all-time high and this downtrend only intensified since. SOL has to keep its price above the key support at $166 if there is any hope to stop the current decline. If it fails, the price might fall lower in search of new support. The current resistance is at $187, where SOL was sharply rejected. Chart by TradingViewTechnical Indicators Trading Volume:...

Key Support levels: $1.2, $1 Key Resistance level: $1.3, $1.5 ADA is currently retesting the support at $1.2, which has to hold. Otherwise, the next key support level will be found at $1. The resistance at $1.3 has not been tested for over a week, indicating a lot of weakness on the bull side. Pressure is mounting, and any slip lower can end up in a significant drop, particularly when there is a lot of fear in the market. Chart by TradingViewTechnical Indicators Trading...

As the cryptocurrency industry progresses towards a mainstream adoption stage, Dubai, one of the seven emirates in the United Arab Emirates (UAE), also continues to solidify its position as one of the top crypto-friendly jurisdictions in the world. DWTC to Become Crypto Zone In a recent update from the nation, Dubai authorities have declared that the Dubai World Trade Center (DWTC), a government-owned event and exhibition venue, will soon become a comprehensive zone and...

The self-described compounding yield optimizer – Grim Finance – has reported being hacked in a reentrancy exploit with the attacker swiping up to $30 million worth of Fantom tokens. The DeFi protocol took it to Twitter on Sunday to inform its users about the hack. The team described it as an “advanced attack,” in which the perpetrator exploited the project’s vault contract through five reentrancy loops. This enabled the attacker to fake five additional deposits into a vault...

Although bitcoin is already more than 30% down from its ATH marked last month, Peter Brandt believes that the asset might not have reached its bottom yet. The CEO of Factor LLC noted that there hasn’t been a high volume panic capitulation yet to outline that bottom as with previous corrections. Bitcoin Is Yet to Bottom Out? It was just over a month ago when the entire cryptocurrency landscape was highly bullish on positive developments coming from all directions. Perhaps the...

Flori Marquez – Co-Founder of the cryptocurrency custodian BlockFi – expects FOMO to be the main factor, which will drive digital asset adoption in the next year. She concluded that the other two elements will be the talent shifting from traditional industries to the crypto sector and regulatory clarity. FOMO Will Be a ‘Huge Driver’ In a recent interview for Yahoo Finance, Flori Marquez – Co-Founder at BlockFi and Senior Vice President of Operations – opined that the digital...

Stellar lumen price is attempting a recovery from the $0.2500 zone against the US Dollar. XLM price is now trading above $0.2650 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.2600 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2800. Stellar lumen price is trading in a bearish zone below $0.2800 against the US Dollar, similar to...

Ripple price started a fresh increase from the $0.78 support zone against the US dollar. The price is now trading above $0.90 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.8290 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 $0.920 resistance. Ripple price is gaining pace above $0.900 against the US Dollar,...

Blockchain-based gaming is the latest hot trend in the cryptocurrency space. 2021 has set the stage for more capital inflow and expansion of the sector as major players continue to hop in. French gaming giant Voodoo, best known for its hyper-casual games, plans to invest $200 million in 2022 in new studios developing blockchain-based games. Voodoo Powering Blockchain-based Gaming Sector As the company announced, its investment in the sector will be deployed to fund...

American banking and investment firm Lion Tree has stated that it is looking into accepting crypto as a means of payment in the future. Lion Tree Says It’s Looking into BTC Payments The whole idea behind bitcoin and its many crypto counterparts was that they would eventually be used as spending tools. They would ultimately outdo the abilities of credit cards, fiat currencies, and checks to serve as the means of buying goods and services for everyday needs. However, this...