Crypto news

Taproot is a bitcoin upgrade that went into effect two weekends ago. The upgrade has got a lot of people – particularly developers – excited about the future. It also caused the world’s number one digital asset to shoot up in price to about $68,000 once again, though it appears the momentum was too much for the currency given that it’s now back down to about $60K per unit. Taproot Will Make BTC More Like ETH This is the first major update for bitcoin in about four years....

Economist Mohamed El-Erian says he bought and sold bitcoin too early in the crypto game. He also said that while he is open to purchasing the digital asset again, he would only do so during specific times and under specific terms. Mohamed El-Erian Isn’t Against Bitcoin As the chief economic advisor to Allianz, El-Erian says he was largely compelled to buy bitcoin after it struck its first all-time high of roughly $20,000 per unit. He bought the asset during the crypto...

Cynthia Lummis – Republican Senator for Wyoming – recently fired back at Hillary Clinton for deriding cryptocurrencies. She suggested that Bitcoin offers a hard money solution to the US dollar’s inflation problems. Lummis Tells Clinton to Embrace The Future Lummis’s comments follow the cautionary words of former Secretary of State Hillary Clinton earlier this week. In a panel discussion at the Bloomberg New Economy Forum in Singapore, the latter suggested that...

[PRESS RELEASE – Singapore, Singapore, 18th November 2021] Popular social trading and cryptocurrency platform Bingbon has completed a revamp of its entire corporate structure while taking on a new name – BingX. The adoption of the new trademark follows a period of significant growth for the exchange, which has in recent years built a reputation as one of the best copy trading platforms in the digital asset industry. Now known as BingX, the company hopes to continue...

Key Support levels: $106 Key Resistance levels: $160 After AVAX turned the previous resistance at $106 into support, the price has not stopped moving higher. The momentum is very strong, and bulls have full control of the market. The next key resistance to consider can be found at $160. Chart by TradingViewTechnical Indicators Trading Volume: The break of resistance happened on good volume. However, the current increase in price appears to happen with a decreasing volume....

Roughly around two days ago, bitcoin’s price dipped to an intraday low of $55,640 (on Bitstamp), causing moderate turmoil within the community and raising the question of how far the correction will go. As we reported back then, one of the key levels to consider is the zone between $58.3K and $53K as it contains very strong support in terms of both technical and on-chain indicators. Now, prominent Bitcoin analyst Daniel Joe noted on Twitter that the cryptocurrency dipped into...

Ethereum’s price dropped under $4,000 for a brief period on Thursday before heavily recovering. However, the danger is not over yet, as ETH needs to break above critical key resistance. Key Support levels: $4,000 – $3,850 Key Resistance levels: $4,350 – $4868 (ATH) – $5,075 ETH’s price is currently hovering around the key resistance of $4,350, the level that ETH was unable to close above over the past five days. If failing to do so, ETH is likely to see another drop to retest...

Bitcoin continues its recovery attempts by touching $59,000, while most of the altcoins have remained stagnant since yesterday. Avalanche is once again the most significant gainer. AVAX charted a new all-time high (again) and is close to surpassing Dogecoin in terms of market cap. AVAX on a Roll Most altcoins plummeted in value in the past week or so and tried to bounce off yesterday. Ethereum, for example, went below $4,000 for the first time in over a month shortly after...

Just months after adopting BTC as legal tender, the small Central American country plans to create a Bitcoin City with the help of Blockstream and Bitfinex. Separately, the country said it will buy $500 million more of BTC. Bitcoin City in El Salvador The country made the news earlier this year by indicating that it will vote to accept the primary cryptocurrency as legal tender. Despite enhanced backlash from global organizations like the IMF, El Salvador’s authorities...

Multi-industry consulting firm Treliant has brought Michael Saxon onboard as its new senior director. Saxon will work to grow the company’s blockchain and cryptocurrency advisory services for the company’s expanding list of clients. Saxon Is the Man for the Job Saxon has worked as a consultant for the past several years in the blockchain space. Not only has he advised many up-and-coming firms, but he has also led several new projects that have pushed the digital currency...