Crypto news

While doing the necessary work on the upcoming hard fork Alonzo, Cardano’s founder Charles Hoskinson said that his project would also focus on NFTs and NFT marketplaces. He noted that Cardano has already carried conversations with several such marketplaces about potentially transitioning to its blockchain.Cardano and the NFT ManiaNon-fungible Tokens (NFTs) are undoubtedly the hottest trend in the cryptocurrency space this year. It enabled representatives of other industries, such as artists,...

EOS started a fresh decline after it failed to clear the $4.300 resistance against the US Dollar. The price is currently trading well below the $4.000 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4.050 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could correct higher, but it is likely to face sellers near $3.750 and $3.800. EOS price is showing bearish signs below...

Litecoin price is showing bearish signs and it declined from the $200 resistance against the US Dollar. LTC price is now trading well below the $200 level and the 55 simple moving average (4-hours). There was a break below a declining channel with support near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below $170 and $165 in the near term. Litecoin price is showing bearish signs below $200 and $195...

Major U.S. investment bank Goldman Sachs has filed a prospectus with the U.S. Securities and exchange Commission (SEC) for an exchange-traded fund (ETF) that could offer exposure to bitcoin and other cryptocurrencies.In a recent document filing, Goldman Sachs is seeking approval from the SEC to launch an ETF called the ARK Innovation ETF.According to the banking giant, the ETF would focus on companies that offer what it considers “disruptive innovation” while stating that it could offer...

The U.K. Financial Conduct Authority (FCA) noted that there has been a rising interest in cryptocurrencies from the younger generation, especially among women under age 40. The regulator said that most of these investors could not withstand the heavy losses associated with this form of investment.Young People Invest In Crypto For The “Thrills” Per the report, the FCA said its study showed that young people mostly delve into crypto investments because of the thrill and idea of owning a stake...

There is a long-lasting argument in the world of crypto that bitcoin is somehow negative for our environment. That it utilizes too much electricity, and as a result, our atmosphere is likely to take a real kick in the rear at some point in the future. Now, that argument is being pushed further, as data from Bank of America suggests the mining sector utilizes more energy than American Airlines, a company that flies more than 200 million people across the country each...

As bitcoin’s price added roughly $4,000 in a day, on-chain data shows that miners have enhanced their holding mentality and stopped disposing of their coins.At the same time, institutional investors continue accumulating large portions of BTC after another sizeable withdrawal from Coinbase worth over $800 billion.Miners HODLMiners, also known as the backbone of the Bitcoin network, receive coins as rewards for the work they put in to maintain BTC’s blockchain. Their behavior and approach...

Bitcoin is doing rather well as of late, but we cannot deny that the world’s number one digital currency by market cap has suffered a few setbacks in the past few days, such as falling from its recent high of $61,000 per unit down to the “measly” $58,000 it’s at during the time of writing. Don’t get us wrong – $58,000 isn’t necessarily bad, but it’s not where bitcoin was, and we’re eager for all-time high territory again. Well, according to Lennard Neo – head of research...

The chain-agnostic Layer-2 infrastructure, Cartesi, has partnered with the IOTA Foundation to expand the use cases of DeFi, gaming, and NFTs. Additionally, both parties aim to serve as the bridge between traditional technological solutions and blockchain.Cartesi Collaborates with IOTAHeadquartered in Germany, the IOTA Foundation is a global not-for-profit establishment focusing on research and development of new blockchain solutions. The popular project has recently partnered with Cartesi –...

March 16, 2021: FXT, the world’s leading trading technology platform running its ICO sale, is navigating towards becoming one of the successful ICOs. This is evident from the remarkable growth in its number of token holders. Earlier, the company witnessed a whopping 23,025% increase in its token holders and a 19,554% increase in token transfers in one week. Currently, at the time of writing, FXT has 12,677 token holders. While the recent drop in the price of...