Crypto news

October 31, 2008, marks the birth of Bitcoin as we know it today after Satoshi published a paper titled: Bitcoin: “A Peer-to-Peer Electronic Cash System.” The Bitcoin whitepaper explains the problem with centralized electronic payment systems like banks and financial institutions while also proposing how a tamper-proof, decentralized peer-to-peer protocol solves the issue. Put simply, Satoshi’s solution in the paper was to completely eliminate the centralized third-party...

SHIB has recently broken below an ascending trendline which maintained the price for the past eight days, since the 23rd of October. Following a 13% daily decrease, Shiba Inu is now more than 25% far below Thursday’s all-time high level and currently facing the $0.000060 key support. Key Support level: $0.000060 Key Resistance level: $0.000066 After Shiba’s massive rally in the past weeks, the price has initiated a deep correction and has managed to find support above the...

October has so far been a solid month for BTC, currently higher by 40% for the month, after the September shake out. The overall trend in fundamentals and on-chain remain firmly bullish, as long-term holders and miners continue to show no signs of aggressive distribution. The conditions continue to look very similar to BTC’s situation in November 2020, right before a new all-time high was achieved. However, we must remain cautious in the near term as spot inflows have been...

Following a 20% rally that led XRP to reach $1.15, the price was quickly rejected back to a critical support line. Ripple will look for another opportunity to break above the crucial resistance of $1.2. Key Support levels: $1.06, $0.96 Key Resistance level: $1.2 Following the drop that took place on the 27th of October, XRP entered a sustained mini-rally in the following days increasing by 20% and reaching almost $1.20 per coin. The latter acts as a key resistance. The price...

After another failure at $63,000, bitcoin has headed south and is close to testing $60,000 once more. Most alternative coins have also bled out in the past 24 hours, including a substantial drop for Dogecoin and Shiba Inu. Will BTC Retest $60K? The primary cryptocurrency went through a roller-coaster on Thursday when it plummeted from $61,500 to $56,500 in minutes. This came after recovering from the latest sub-$60,000 price slump. However, the asset bounced off just as...

The SQUID token made headlines in various financial and cryptocurrency media around the world this week. Still, it might not be the miracle everyone was hoping for. After rising over 110,000% in less than a week, reports of “investors” who have been unable to sell their tokens after astronomical gains are starting to pop up all over the internet. The token is ranked #2905 among the cryptocurrencies listed on Coinmarketcap, but the price aggregator itself has already put up a...

Following Coinbase’s numerous mainstream marketing initiatives, consumers are demonstrably taking notice. The leading US crypto exchange’s mobile app is once again the most popular product in the App Store. It has received more downloads than any other application in the past few days. Coinbase Reigns Supreme A recent look at App Store statistics shows Coinbase as the #1 ranked free app right now. Behind it are the likes of TikTok, Instagram, YouTube, and the newly popular...

Football legend and team member of the Tampa Bay Buccaneers Tom Brady has paid a fan an entire bitcoin to get a special football back. Tom Brady Parts with BTC, Gets a Football In a recent interview, Brady recounts throwing his 600th touchdown ball to wide receiver Mike Evans. No player has ever achieved such a touchdown milestone, and this made the ball one of the most special items in the history of the sport. Unfortunately, Evans did not realize the significance of...

Tesla – the electric car company headed by South African entrepreneur and billionaire Elon Musk – has hinted in a recent filing that it may be open to accepting bitcoin and crypto payments for vehicles again in the coming future. Elon Musk Is At It Again Regarding BTC In a statement, Tesla explained: We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash. The news comes at a strange time when many once-anti...

Tinkoff Investments – the online brokerage portal of the Russian bank Tinkoff – could turn its sight towards the digital asset industry due to increased customer demand. However, the institution’s director Dmitry Panchenko added that the idea is still at its early stages as Russia doesn’t have the most crypto-friendly legislation. Following The Evolution According to the local media TASS, Tinkoff Investments could enable cryptocurrency services to its clients soon. The head...