Crypto news

2021 was the year of bitcoin. There’s no doubt about that, but now that 2022 is coming into the mix, many analysts think this is the time for other assets and blockchain systems to step up and take over. Bitcoin Was Big, but It May Have Reached Its Peak Bitcoin was big over these last 12 months. Between the new bitcoin-based exchange-traded fund (ETF) from Pro Shares and the all-time highs it managed to reach, bitcoin exploded beyond what anyone thought was imaginable....

Jefferies has issued a new report claiming that crypto has given birth to a whole new generation of luxury spenders in the United States. Crypto May Be Limiting the Wealth Gap in the U.S. The wealth gap has never been more noticeable in America. The difference between rich and poor has been quite evident over the past ten or 12 years, but now it looks like things are taking on an even larger form. With inflation at an all-time high and problems in the supply chain,...

One of the largest supermarket chains in Mexico – Elektra – allowed customers to pay their bills in bitcoin instead of fiat currencies. To process the cryptocurrency payments, the company partnered with BitPay. At the same time, the South Korean-Japanese video game publisher – Nexon – enabled players to purchase in-game items with digital assets. Elektra Joins The Crypto Club The behemoth became the first retail store in Mexico to accept bitcoin as a payment method. The...

Uniswap Labs – the developers behind Uniswap, the largest exchange in DeFi – released a series of important features to enhance pricing as well as optimize the gas cost of swaps. What Does the Update Have in Store? Uniswap Labs have now released an updated Auto Router that enhances trade prices to a greater extent by routing trades across both Uniswap v2 and v3 pools. With this, users will be able to track the true cost of a swap in real-time directly from the App interface....

Over the past few days, XRP has been consolidating inside a tight range, but finally, there are some early signs it is about to attempt a breakout of the range. Key Support levels: $0.75, $0.70 Key Resistance level: $0.89, $1 XRP’s price recently maintained its trading range between the support line at $0.75 and the resistance at $0.89. This has allowed the price action to settle and consolidate, giving buyers more confidence in a possible bullish reversal, following months...

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,...