Crypto news

It was a compelling week in the cryptocurrency markets. It took bitcoin more than three months, but it finally did it this week – reaching the $50,000 price line for the first time since May. However, it also took less than 24 hours for the bears to get back in action and push it beneath that level. The primary cryptocurrency spent the next few days sliding south and bottomed yesterday at just over $46k, but it found support amid the 200-day moving average line. Despite...

Bitcoin (BTC) Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at $50,500. Unfortunately, BTC was unable to sustain this level and ended up closing the daily candle beneath $50K. Following the rejection, BTC headed sharply lower: Yesterday it fell back beneath $47,800, recording its weekly low amid $46.3k, however, the bitcoin price managed to close the day on top of the crucial...

Shaktikanta Das – the governor of the Reserve Bank of India – said the financial institution could launch its first trial programs for a digital rupee by December this year. The initiative would determine the security of the Indian CBDC and its impact on the local economic network. India’s Approach to a CBDC In a recent interview for CNBC, Shaktikanta Das revealed the Reserve Bank of India’s plans to begin trials for a central bank digital currency before the end of this...

Bitcoin continued to trade around the $47,000 line in the past 24 hours after it dropped to a weekly low beneath $46,400. Most altcoins have stalled since yesterday, except for Solana. SOL has gone on to chart another all-time high above $83 after a double-digit surge. SOL’s Latest ATH The alternative coins, similarly to their leader, lost significant chunks of value in the past few days. Ethereum, for example, went from about $3,360 to beneath $3,100. As of now, it has...

[PRESS RELEASE – Please Read Disclaimer] AAX Exchange is launching its flagship non-fungible tokens (NFTs) marketplace and featuring selective artists’ high-end works. As a prelude to this market place, AAX is giving its users an opportunity to auction their NFTs for a charity campaign, at the same time the chance to win themed NFTs after trading. The campaigns mark the first steps the exchange is taking in the NFT space in preparation for the launch of its NFT marketplace in...

Bitcoin cash price started a fresh decline from the $700 resistance against the US Dollar. The price is now trading below the $650 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $650 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate lower if it breaks the $600 and $580 support levels. Bitcoin cash price is moving lower below $625 against the US Dollar,...

“Hold On for Dear Life” will become the first scripted television show about digital assets. Interestingly, Rob Weiss – executive producer of the renowned TV series “Entourage” – will direct it. Virtual Assets Invade The TV Industry According to a recent report, modern cryptocurrency culture will be the theme of a new TV show. Its name: “Hold On for Dear Life.” The series will not focus on Bitcoin or Ethereum but on non-fungible tokens (NFTs) – unique digital assets designed...

Substack – a content platform backed by Andreessen Horowitz – will allow users to access VIP content in the future granted they pay with cryptocurrency. The content can be accessed utilizing the company’s new payment processor known as Open Node. Substack Is Pushing the Bitcoin Agenda Further This is a big deal in the sense that the firm is now pushing the initial goals of bitcoin and cryptocurrency closer to reality. The fact is that bitcoin and many of its altcoin...

With the gargantuan $1 trillion U.S. infrastructure bill in parliamentary limbo, the fate of the crypto tax proposal tacked onto it remains in question. Meanwhile, the cryptocurrency industry is getting organized with a new sense of urgency to lobby and campaign. The Senate has passed the trillion-dollar bipartisan infrastructure package without an amendment hoped for by cryptocurrency industry stakeholders and blockchain-friendly delegates in Congress. But the fate of the...

Bitcoin and cryptocurrencies are surging as of late – so much so that the $2 trillion valuation barrier has once again been breached. Not long ago, bitcoin rose back up over the $50,000 mark, and it looks like things are continuing in this bullish train, though BTC has fallen back a bit by about $2,000 at the time of writing. Bitcoin Could Find a New Enemy in Quantum Many technologists are now claiming that the bitcoin software needs to be updated. They warn that if this...