Crypto news

The bearish divergence appearing on the BTC 4-hour chart for the past week managed to form a local top at $46.7k. BTC fell to a near-term low at $43.8k, finding support just above a key downtrend. Chart by TradingViewAs we reported earlier, the recent dip below the 200-day moving average puts BTC in a tight spot as it is important to see a strong weekly close above that level. Making a weekly close above it, alongside the 21-week moving average, will flash a very bullish...

Sergey Shvetsov – a member of the Bank of Russia Board of Directors – urged investors to stay away from bitcoin. In his opinion, allocating money in the asset is highly risky and could result in a total loss. Bitcoin Is a ‘Technological Financial Pyramid’ The first deputy governor at the Central Bank of Russia – Sergey Shvetsov – sounded a note of caution for local investors to beware of alternative financial instruments such as bitcoin. He argued that investing in it is so...

After swiping more than $600 million in various cryptocurrencies, the anonymous PolyNetwork hacker has successfully transferred back most of the funds. He also rejected a $500,000 bounty offer and outlined plans to return all funds. CryptoPotato reported the record-setting hack earlier this week when PolyNetwork’s blockchain experienced a massive security breach. The anonymous perpetrator swiped over $600 million in various digital assets. While stealing money from a DeFi...

Sydney, Australia – The new NFT marketplace NFT STARS has announced the auction of the artwork “Ethereal”, by a contemporary artist and minimal expressionist – Tyler Scully. The artwork explores the manifestation of human emotions that are often hard to capture with a camera. The auction of “Ethereal” is scheduled for 16th August at 10:00 UTC. Tyler Scully is a modern artist who blends oil paintings with computer animations and original music. Through his artwork, Tyler...

Bitcoin cash price started a decent increase above the $600 resistance against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $610 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $625 and $650 resistance levels. Bitcoin cash price is gaining pace above the $600 zone against the US...

Clean Spark Inc., a “clean” bitcoin mining firm, says it has obtained a second data center in the town of Norcross, Georgia. The move is designed to boost the amount of bitcoin and crypto the company extracts from the blockchain, and the new center encompasses approximately 87,000 square feet. Clean Spark Buys Into Bitcoin Even More Clean Spark is now expected to extract as much as 18 new bitcoin units per day. The new data center was formerly a Sprint/Nextel firm....

Polkadot has quickly become one of the most popular and, by far, among the biggest cryptocurrency blockchains throughout the entire industry. It appears that the hype surrounding Polkadot is only growing stronger, so we’ve taken the liberty to compile a comprehensive walk-through, guiding those who are less aware of the project and what it is all about. Photo by Alina Grubnyak on UnsplashWhat is Polkadot In Simple Words? Polkadot is Ethereum Co-founder Gavin Wood’s bet...

AMC movie theaters are allowing people to pay for movie tickets and concession items (such as popcorn and other goodies) with bitcoin by the end of the year. AMC Will Now Accept BTC The movie theater chain made the announcement in a press release earlier in the week. Moviegoers will now be able to see their favorite films and catch up on the latest movie franchises by paying with the world’s number one digital currency by market cap. This brings bitcoin closer to its primary goal of being...

The Monetary Authority of Singapore (MAS) has enabled DBS Vickers – the brokerage brand of DBS Bank – to offer trading services for digital payment tokens. The initiative would meet the clients’ growing appetite for dealing with cryptocurrencies. Crypto Opportunities for DBS’ Clients According to a recent report, the securities and derivatives brokerage firm – DBS Vickers – received a green light from the Monetary Authority of Singapore to offer virtual asset services to its...

Tom Lee of Fundstrat fame is sticking to a bold prediction regarding bitcoin – the world’s number one digital currency by market cap – that he made earlier in the year. In a recent interview, he stated that he still sees bitcoin hitting $100,000 per unit by the end of 2021. Tom Lee – BTC Could Reach $100K Before 2022 Tom Lee is no stranger to making bitcoin price predictions. For the most part, they have been a little outlandish – either because there is a lack of time...