Crypto news

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...

Cryptocurrency is growing heavily as of late, though it’s probably safe to say that a lot of people still aren’t terribly familiar with it. They’re unaware of how it works, how to trade, or even what companies are emerging that are pushing the crypto and blockchain agendas. That may change now that PR firms like Parrot Media Consultants are getting involved. Parrot Media Is Helping Crypto Move Forward Parrot Media is a public relations firm that is starting an entirely...

The Israeli pensioner Esther Freeman has reportedly turned an ILS 10,000 Bitcoin investment, worth roughly $3K at that time, into ILS 1,000,000 (~$324K) in eight years. However, Hapoalim Bank – one of the largest in the country – denied accepting the profits as the initial investment source might have had a connection to illegal financial operations. Cash Is The Problem In 2013 a 69-year old retired citizen of Israel, Esther Freeman, decided to enter the cryptocurrency market...

For many, bitcoin has become the prime investment tool. If you want to strike it rich and have all your wealth solidly in one place, one needs to invest in the world’s primary digital currency by market cap. That’s the attitude several traders have, but it’s not shared by all. A few – such as Kyle Bass – believe that the big money has already been made in BTC, and the time has come to move on. Kyle Bass On Bitcoin… It’s Days Are Numbered Bass is the founder and chief...

According to Tony Richards – Head of payments policy at the Reserve Bank of Australia (RBI) – the assumption that 5% of the local population are Dogecoin owners is exaggerated. He also does not think that cryptocurrencies present a threat to the Australian dollar or the country’s financial network. Crypto Investors in Australia Are Not That Many The results of a recent survey revealed that one in every six Aussies is a cryptocurrency holder. Taking a closer look at the...

StakeMoon, a new and innovative digital cryptocurrency project, completed raising more than $500,000 during pre-sale and is now taking that success to the masses by launching on the PancakeSwap decentralized exchange (DEX) today. StakeMoon listing on the PancakeSwap has created a marketplace for buyers and sellers to transact. PancakeSwap offers unique benefits to make for an excellent trading experience, including extremely low transaction fees and rapid confirmation...