Crypto news

Bloomberg recently found that investors are protecting themselves from fears of rising inflation by using Bitcoin. In a tweet, the company even called it “the best inflation hedge around” depending on how one looks at it. Bitcoin Beats Inflation After crunching the numbers, Bloomberg Opinion’s John Authers found that Bitcoin has achieved 99.996% deflation over the past 10 years. What cost one Bitcoin in 2011 now costs just 0.004% of a Bitcoin today. Meanwhile, the CPI has...

Eric Adams – the mayor-elect of New York City – continues to push the region’s newfound crypto agenda and now says plans are underway to establish a new digital asset specific to the Big Apple. New York Is Getting a Cryptocurrency All Its Own While the currency is not stemming from Adams himself, it appears his enthusiasm for crypto is beginning to rub off on other individuals. Plans for the currency were first introduced by a company called City Coins, which works on...

Avalanche (AVAX) surged to a new all-time high earlier today at $99.90, short of 10 cents from the $100 mark.  However, the price quickly retraced after losing 8% following the new high. Key Support level: $78 Key Resistance level: $100 (ATH), $102 AVAX has been in a clear bullish trend for some time and has set a new all-time high today at just under $100. However, so far, the bullish momentum wasn’t able to surpass the milestone level, and today’s candle might end up with a...

The United States Justice Department has seized more than $6 million in digital currency funds that were allegedly garnered through ransomware attacks. The Justice Department Is Moving Fast The move comes after the Justice Department recently issued new sanctions against both countries and various global exchanges that had potentially been part of collecting ransomware funds and laundering the money. Several arrests of alleged hackers have also taken place as the Justice...

Ethereum (ETH) had recently dropped below an ascending wedge formation, as shown in blue on the following chart, and since then lost its short-term bullish momentum. ETH is now facing crucial support level as described below. Key Support levels: $4,354, $4K Key Resistance levels: $4,689; $5,075 Over the past week, amid a new ATH for ETH, the bulls were unable to push the coin above the coveted $5,000 mark. The current ATH lies at $4,878 (recorded on Wednesday). Since then,...

Since the major drop on Wednesday, the bitcoin price mostly traded around the same range of $64K. Today is the last day of the week; this means that on midnight UTC will see a weekly candle close. This candle close is critical for the next short-term. The bulls need to see BTC makes a weekly close above $64.8k for the first step in breakout confirmation. As shown on the following chart, the bullish Cup and Handle pattern breakout was completed, with a back-test of previous...

INTERNET CITY, DUBAI, Nov. 14, 2021 – LBank Exchange, a global digital asset trading platform, has listed BlueSparrow Token (BLUESPARROW) on November 13, 2021. For all users of LBank Exchange, the BLUESPARROW/USDT trading pair was officially available for trading at 22:00 (UTC+8) on November 13, 2021: https://www.lbank.info/exchange/bluesparrow/usdt Reflection token is getting more and more popular in the crypto world currently, investors are enjoying its mechanism of...

LBank Exchange, the world class digital asset exchange, has launched a poll for community’s favorite token, and it’s in full swing with over 233,800 votes already! The poll will end at 21:00 (UTC+8) Nov 15, 2021, don’t miss the last opportunity to win MacBook Pro, iPhone 13 and Apple Watch for free! Besides, everyone who votes will get rewarded! The poll started from 21:00 (UTC+8) Nov 8, 2021, and the community has been actively participating in the voting process, to...

The results of a global poll carried out by the international financial consultancy firm – deVere Group – revealed that 36% of millennials and 51% of Generation Z would be happy to get half of their paychecks in digital assets instead of fiat. Crypto Is The Future of Money for The Youngsters Seen by many as a financial revolution and a global technological development, the cryptocurrency industry is prevalent among people younger than 40-years-old. With that said, it is no...

The Bitcoin network made history today as its most ambitious upgrade, Taproot, went live at block 709,632, 5:15 UTC on Sunday – November 14, 2021. Taproot Upgrade is Live The implementation is a milestone for Bitcoin, considering that Taproot is the first significant upgrade in the network since August 2017 after the Lightning Network and Segregated Witness (SegWit) upgrades. While SegWit and the Lightning Network focus on making transactions faster and cheaper, Taproot...