Crypto news

Miami’s Mayor Francis Xavier Suarez is ready to put his city in the spotlight of technology lovers and entrepreneurs and Bitcoin could be his new venture.Suarez recently told the press that as he sees it, Bitcoin could become the “biggest story of the next few years.” and according to a Forbes review, the use of Bitcoin as a means of payment for public employee salaries could be one of the steps to be taken on Suarez’s path to turning Miami into the next Silicon Valley.The Road to a...

One man in New York has become such a crypto fan that he’s looking to sell his businesses and retire with digital currency’s help. Patrick Hughes, 56 years old and living in New York, has two bars side by side within the state’s Hell’s Kitchen area. One is known as Hellcat Annie’s, while the other is called Scruffy Duffy’s. He’s selling both bars for about 25 BTC or 800 Ethereum units. That’s approximately $1.12 million at the time of writing.Patrick Hughes Is Selling His Bars for BTCLike...

Grayscale Investments continues expanding its Ethereum Trust to accredited investors, adding over $38 million worth of the surging digital currency to its portfolio.Grayscale Investment Adds Ether Worth $38 Million Grayscale Investment has set the ball rolling to its Ethereum Trust (ETHE) after about a month of ceasing its inflows. Shortly after making the headlines for adding over $1 billion in a week to its Bitcoin position, Grayscale seems to have their eyes fixed on the next target.Recent...

Bitcoin has been booming as of late. Since last October, the world’s number one digital currency by market cap has been surging like no other asset on planet Earth. This has been both a good and a bad thing in the sense that it has allowed a lot of crypto holders to get rich and expand their portfolios.Bitcoin May Have Some Opposition from Hedge FundsHowever, it’s also had a negative side in that several hedge funds are now attempting to short the currency and bet against it. After all, when...

One of the biggest problems for crypto traders is the fact that some leading technical experts – such as Elon Musk – are seemingly unable to make up their minds about bitcoin. Is it good? Is it bad? They seem to be going back and forth all the time, which inevitably causes the currency to experience price fluctuations that can make life difficult for hardcore traders and buyers.Elon Musk: I’m a Bitcoin SupporterBut in recent days, the South African entrepreneur has been rather clear about...

XRP/USD – Bulls Attempt To Hold $0.37.Key Support Levels: $0.27, $0.35, $0.319.Key Resistance Levels: $0.4, $0.45, $0.5.XRP has been on an epic rollercoaster of the last week of trading. The coin had managed to penetrate above a symmetrical triangle toward the end of January as it started its bullish surge higher toward $0.5.On the 1st of Feb, XRP exploded higher to reach $0.77. However, by the end of the day, it quickly came crashing down as it dropped 52% from the high to close the candle...

ETH/USD – Bulls Turn Parabolic Above Ascending Price ChannelKey Support Levels: $1500, $1425, $1392.Key Resistance Levels: $1576, $1600, $1646.Ethereum finally penetrated resistance at $1390 yesterday, the roof of a symmetrical triangle pattern. The coin had been knocking on the resistance on numerous occasions over the past week and finally managed to close a daily candle above it as it reached above $1500 yesterday.Today, Ethereum continued with the bullish momentum as it set a new ATH...

The Coinbase outflows to custodial wallets, considered by CryptoQuant as an adequate price prediction tool, have caught the latest price increase that drove BTC from $32,000 to $37,000 in a few days.The CEO of the analytics company attributed this to institutional demand and said that such purchases are among the most notable bullish signals.Coinbase Outflows: Game Changer?Ki Young Ju, the CEO of CryptoQuant, has repeatedly highlighted the importance of Coinbase BTC outflows. He explained...

The world’s leading payment processor, Visa, has announced a partnership with First Boulevard – a digital neobank that is focused on building generational wealth for the Black Community.The aim of this collaboration is to pilot Visa’s new suite of cryptocurrency API’s that will enable the company’s customers to purchase, custody, and to trade digital assets held by Anchorage.Anchorage is a federally chartered digital asset bank.As CryptoPotato reported last week, the company said that it...

Months after suffering one of the worst hacks in crypto history, the popular exchange KuCoin has announced it had successfully recovered all stolen funds. The company’s CEO reassured that no customer has sustained any financial loss following the event.KuCoin Recovers Stolen FundsAs reported back in September 2020, a group of unknown attackers exploited the hot wallets belonging to the KuCoin exchange. While the initial estimations suggested that the stolen amount was at around $150 million,...