Crypto news

Key Support levels: $1.5 Key Resistance level: $1.9 ADA found good support on the $1.5 level, and today, bulls moved the price closer to the key resistance at $1.9. If they can sustain this momentum, then ADA has a good chance to break above it and start a new rally. This price action is also a significant sign of strength, particularly when most of the market is in red today. Chart by TradingViewTechnical Indicators Trading Volume: Today, the volume was good from the bulls,...

IOTA has announced a new smart contract platform called “Assembly” to accelerate the adoption of Web 3. Like IOTA’s staging network – Shimmer – users can stake IOTA on Assembly to earn rewards, this time dispatched in ASMB token. What Is Assembly For? Assembly revealed itself in a blog post on its site earlier today, which was retweeted by IOTA. The platform calls itself a “scalable, multi-chain network for sharded, composable smart contracts.” Sharding is a scaling method...

At the stage of the 2021 Global ETP Conference, Sohn Byung-doo stated that the digital asset industry is not very different from capital markets. The exec emphasized the need for investor protection and transaction stability support. The KRX Chief Wants To Study Crypto So far, Bitcoin and cryptocurrencies remain outside the domestic regulatory scope that covers the traditional financial sector. On that note, Byung-doo highlighted the growing number of crypto investors in...

Key Support levels: $0.89 Key Resistance level: $1 The bulls did not have enough strength to keep XRP above $1 despite a worthy attempt two days ago. Price only spent a day above $1 before losing this level. Since then, the cryptocurrency has been falling towards the support at $0.89, and $1 remains the key resistance. This shows that bears continue to control the price action. Until bulls reclaim and hold prices above $1, XRP is unlikely to draw much attention from the...

One of the leading cryptocurrency mining companies in the US – Riot Blockchain – acquired the electrical equipment provider – Ferrie Franzmann Industries (known as ESS Metron) for $50 million. As a result, the latter will provide a steady infrastructure supply for Riot’s new mining machines. Riot’s Expansion The news was announced in a recent press release by the US Securities and Exchange Commission (SEC). The total amount of the transaction equals $50 million as the bitcoin...

[PRESS RELEASE – HongKong, China, 1st December 2021] MetaVisa, a layer-3 middleware protocol built on Ethereum, dedicated to developing decentralized identity and building a credit system in the Metaverse, has announced that it has recently raised $5 million in seed and private round funding from Spark Digital Capital, Sora Ventures, Amplio Capital, HG Ventures, GTA Ventures, Seeded Ventures, Dutch Crypto Investors, Maven Capital, Black Mamba Ventures, Tensor Investment...

Die letzten zwei Jahre gab es immer wieder Kontroversen, wenn es um Werbung in den sozialen Medien für Cryptocoins ging. Unter anderem Facebook sorgte für ein Verbot von Crypto-Werbung auf seiner Plattform. Doch nun hat man sich offenbar dort umentschieden. Crypto News: Facebook erlaubt wieder Werbung für CryptocoinsDas Unternehmen hinter der Plattform Facebook hat sich erst kürzlich in „Meta“ umbenannt. Unter neuem Namen hat man nun seine vorherige Entscheidung revidiert – zumindest ein...

EOS price started a fresh decline from the $4.15 resistance against the US Dollar. The price is now trading below $4.00 and the 55 simple moving average (4-hours). Earlier, there was a break above a major bearish trend line with resistance near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down below the $3.85 and $3.80 support levels. EOS price is showing bearish signs below $4.00 against the US Dollar, similar...

Litecoin price is facing resistance near the $220 zone against the US Dollar. LTC price is now trading near $205 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $211 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline if it fails to stay above the $200 support. Litecoin price is consolidating above $200 against the US Dollar, similar to bitcoin. LTC...

Haim Israel – a strategist at Bank of America – believes the metaverse will create huge opportunities for blockchain technology. It will also cause digital assets to start being employed widely for financial transactions. Nonetheless, private tokens are too volatile, and stablecoins like Tether (USDT) and USD Coin (USDC) are more likely to prevail, he opined. The Metaverse Is The Future In a recent interview, the Managing Director and Global Strategist at Bank of America –...