Crypto news

Senate Democrats are calling for Facebook to give up Novi and exit the cryptocurrency space altogether. Will Facebook Cease All Crypto Ambitions? The news comes after it was announced that the social media giant was joining hands with popular cryptocurrency exchange Coinbase to support whatever assets it was set to offer those who took part in the latest Novi wallet testing phase. The testing is set to be carried out in the coming months in both the U.S. and Guatemala....

Ethereum’s (ETH) failure to break the all-time high at $4,380 quickly pushed the price back to the support range. Despite the correction, it seems ETH can drop much lower if the short-term bearish momentum continues. Key Support level: $4,000 , $3,500 Key Resistance level: $4,380 Ethereum is currently testing the critical support level at around $4,000. If the level fails to hold, ETH can drop to the next support level found around $3,500. On Thursday, Ethereum found strong...

IOTA – an open-source cryptocurrency and distributed ledger – recently launched its smart contract beta. Network users can now take advantage of the high-speed yet zero-fee transactions functionality that comes with the IOTA network. Smart Contracts on IOTA As reported on Thursday, the beta includes an Ethereum Virtual Machine (EVM), making ERC-20 tokens interoperable with the platform. Furthermore, smart contracts can now be written in solidity (Ether’s programming language)...

Bitcoin’s price finally entered a correction to flush out the leverage, cool off the overbought conditions, and help build a structure after the large rally in the past three weeks. This happened after the open interest, funding rates, and leverage ratio all reached elevated levels. The near-term support at $60K appears to be holding, which is a positive signal. Given the current selling pressure, it’s unlikely that the weekly close will be above $64.8K. Chart by...

[PRESS RELEASE – Tortola, British Virgin Islands, 22nd October 2021] Transient Network, a Smart Contract Global Marketplace, is thrilled to announce that it has raised $1.2 million via Initial DEX Offering (IDO) on two different launchpads – Genesis Pool and Lemonade. Transient ($TSCT) raised $1 million in an oversubscribed public sale on Genesis Pool and $200,000 via Lemonade. The Lemonade sale reached its $200,000 milestone in just 90 minutes! Transient is building the...

Bitcoin dipped below $60,000 once again in the past 24 hours but has recovered and currently stands above it. Most altcoins are also untypically calm this weekend, with ETH sitting north of $4,000. Shiba Inu, though, charted a new all-time high hours ago. Bitcoin Remains Above $60K All crypto eyes in the past few weeks were on the launch of the first-ever Bitcoin Futures ETF in the United States. After years of waiting, the Securities and Exchange Commission finally allowed...

What is the best thing the cryptocurrency ecosystem could do to ensure its global success? Boost the dominance of stablecoins. Anyone who disagrees is free to debate with Emin Gün Sirer, CEO of Ava Labs, the company behind the succesful Avalanche protocol, who explained to Business Insider that stability must reign in the world of decentralized currencies if they are to be attractive to the general public. Stablecoins Will Be The Next Big thing ISpeaking to Business Insider,...

Leading cryptocurrency price tracking platform CoinMarketCap (CMC) recently had email addresses of over 3 million users leaked. According to a fresh report by a website that tracks several cybersecurity threats, including hacks and compromised online accounts, about 3,117,548 email addresses of CMC users were leaked on October 12. However, the leak remained unknown until the email addresses were discovered on several hacking forums where they were being traded. Coinmarketcap...

The price of bitcoin has skyrocketed in recent days, and the world’s number one digital currency by market cap has reached a new all-time high. At the time of writing, bitcoin is trading for roughly $66,000 per unit. Bitcoin Is Bigger and Better Than Ever The journey of bitcoin has been a long and arduous one. No doubt it has come with many hardships, but it has also seen many significant joys – just as it is today. At $66,000, bitcoin has never been higher. 2021 marks a...

The cryptocurrency trading platform – Bakkt – polled more than 2,000 American citizens to explore why crypto investors entered the digital asset industry and what are the biggest obstacles in front of them. It also revealed which age groups feel the most confident in regards to such investments. Crypto Is Not a Bite for The Elderly Somewhat expectedly, young participants, more specifically those under 29 years old, were the ones who have invested the most in bitcoin and the...