Crypto news

Litecoin price failed to clear the $188-$190 resistance zone against the US Dollar. LTC price is now trading below $170 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $176 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must stay above the $155 support to avoid more downsides in the near term. Litecoin price is correcting gains from $190 against the US Dollar, similar to bitcoin....

David Marcus– board member of the Diem Association and head of digital wallet Novi– revealed in a recent blog post that the Diem payment system had been licensed in nearly every state. Diem as a Global Payment System Marcus happened to reveal the news in the middle of a recent Medium post titled Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system. The post was intended to explain why stablecoins could fix a number of...

Mark Cuban has become a hardcore cryptocurrency fan in recent months. He’s now come out to sing praises for Dogecoin, which has garnered the attention of several long-term crypto bulls such as Tesla and SpaceX mogul Elon Musk. Mark Cuban Loves Dogecoin The Dallas Mavericks – a basketball team co-owned by Cuban – announced last March that it would be accepting Dogecoin payments for tickets and related team merchandise, making it one of the first sports organizations to...

Following in Amazon’s footsteps, Walmart – one of the biggest retailers in the world – has decided to hire a blockchain expert for its team. Walmart Is Building Its Blockchain Team The company is allegedly looking to get involved in the cryptocurrency space and has posted a job advertisement seeking out a qualified “cryptocurrency product lead.” The posting reads as follows: As an expert in digital currencies/ cryptocurrency and blockchain-related technologies, you will...

It looks like the Union Cabinet of India is ready to take on a bill that will potentially regulate cryptocurrency in the country. The Crypto Fight in India Continues The news came by way of Finance Minister Nirmala Sitharaman, who explained on Monday morning: Cabinet note is ready on cryptocurrency bill. I am awaiting cabinet to clear that. The fight between India and cryptocurrency has been going on for several years. Things ultimately began in 2018 when the country...

The popular crypto trading platform, Bybit, has revealed that it has entered into a multi-year partnership with the Ukrainian esports organization, Natus Vincere (NAVI). Bybit Collaborates With NAVI According to a press release shared with CryptoPotato on Wednesday, the new partnership marks Bybit’s entrance into the esports space and will open up various opportunities for both parties. The two industries have gradually revolutionized the traditional financial and sporting...

ETH/USD – Ether Returns To 20-day MA Support Key Support Levels: $3000, $2960, $2890.Key Resistance Levels: $3170, $3360, $3540. After surging by almost 94% over the past three weeks, Ethereum has finally seen a meaningful retracement. The coin is now down by a total of around 8% since hitting $3350 at the start of the week. The cryptocurrency met resistance at $3350 (bearish .618 Fib) over the weekend and failed to establish momentum above that. There were signs of bearish...

[Press Release – Please see Disclaimer] Molecule, a decentralised biopharma marketplace, has developed a novel IP-to-NFT framework with Web3 technology innovator Nevermined. In a historic transaction, the first biopharma IPNFT was successfully transferred to research collective VitaDAO to fund novel longevity therapeutics at the University of Copenhagen. 18th August 2021, Basel, Switzerland — For the first time in history, NFTs are being used for a transfer of IP ownership...

ADA/USD – Market Retraces From Weekend Surge Key Support Levels: $1.87, $1.77, $1.68.Key Resistance Levels: $2.00, $2.10, $2.20. Despite dropping 6.5% today, ADA is still up 17% over the week. This is because it surged aggressively on Friday as it climbed from $1.85 to break $2.00 and hit $2.15. It continued on Saturday to reach as high as $2.28, where it finally rolled over. On Monday, ADA dropped from $2.20 to hit $2.08, and it continued further yesterday as it fell beneath...

The President of the Federal Reserve Bank of Minneapolis – Neel Kashkari – opined quite negatively on the crypto industry and especially bitcoin. He referred to many digital assets as “garbage” and claimed they are “complete Ponzi schemes.” Kashkari’s Hostile Stance on Crypto During an appearance at the Pacific NorthWest Economic Region annual summit in Big Sky, Mont., the President of the Federal Reserve Bank of Minneapolis – Neel Kashkari – heavily criticized bitcoin and...