Crypto news

After the embarrassing and heartbreaking debacle last week that occurred in Afghanistan following the heightened incompetence of Joe Biden, news is spreading of the growing presence bitcoin has in the country. Many banks and standard financial institutions have either been shut down or are not presently in working order, and thus several residents are seeking out the aid of BTC and digital assets as a means of surviving. Bitcoin’s Presence Is Growing in Afghanistan One...

Amid the recent boom within the NFT Industry, a new study reveals that not all of the hype around the digital assets may be legitimate and could even show signs of wash trading. Nansen’s Analysis of the Industry The non-fungible token sector took the cryptocurrency world by storm this year and quickly expanded beyond it. NFTs reached mainstream media, businesses, prominent sportspeople, musicians, actors, and more. The rapid growth resulted in skyrocketing trading activity....

Bitcoin managed to daily close back above $48.1k, but met with selling pressure throughout the day, hitting an intraday low of $46.3k, according to Bitstamp. Short-term technicals have turned cautiously bearish, especially with bearish divergence forming on the daily chart and Bitcoin failing to stay above $50k. The primary cryptocurrency remains in a tight spot as the price successfully reclaimed the 21-week and 200-day moving average recently, but is still in the validation...

ADA/USD – ADA Rejected From ATH Key Support Levels: $2.57 – $2.50, $2.35, $2.15. Key Resistance Levels: $2.80, $2.95, $3.07. ADA set a new ATH price above $3 on Monday, after soaring from $1.30 (50-day MA) at the start of August. The cryptocurrency surged inside an ascending price channel, and the market found resistance upon the upper boundary of the price channel after setting the ATH at almost $3, according to CoinGecko. Together with the market retracement, ADA had also...

Recently hacked Japanese cryptocurrency exchange Liquid Global has secured a $120 million debt financing from Sam Bankman-Fried’s FTX exchange. According to an official statement by Liquid, the recent funding is part of efforts by both parties to pursue other collaborative opportunities that will contribute immensely to the global cryptocurrency ecosystem. Seth Melamed, COO of Liquid, said the firm’s joint venture with FTX is vital in delivering top-notch services and...

[Press Release – Please See Disclaimer] 26th August, 2021, Madrid —  Bit2Me continues to add talent to its project. Baldomero Falcones, a Spanish executive with a long and recognized track record of professional achievement, will become part of the cryptocurrency platform’s team as Senior Advisor. His mission will be to expand Bit2Me Card, the company’s debit card service. Baldomero Falcones Experience Among other management positions, Falcones was President of Mastercard...

India’s securities and commodity market regulator, the Securities and Exchange Board of India (SEBI) has revealed intentions to increase the use cases of blockchain technology in monitoring financial instruments in the country. Indian Regulator to Adopt Blockchain Next Year In a press release published on the regulator’s official website, SEBI announced it is currently making plans to launch a new platform for “Security and Covenant Monitoring” of non-convertible securities...

Digital assets continue to grow and take substantial portions of the financial markets, said Seek Capital’s managing director – Adam Proctor. As such, the family office will increase its allocation to it and hire a designated cryptocurrency analyst. By definition, a family office is a privately held company handling investment and wealth management for high-net-worth and ultra-high-net-worth individuals. Similar to other institutions, their appetite for the cryptocurrency...

EOS price started a downside correction from the $5.95 resistance zone against the US Dollar. The price is now trading just below the $5.30 support and the 55 simple moving average (4-hours). There was a break below a crucial bullish trend line with support near $5.20 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue lower unless it recovers above the $5.30 resistance zone. EOS price is gaining pace below $5.30 against the...

Litecoin price failed to clear the $190-$192 resistance zone against the US Dollar. LTC price is now trading below $180 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $182 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must stay above the $162 support to avoid more downsides in the near term. Litecoin price is correcting gains from $192 against the US Dollar, similar to...