Crypto news

Elon Musk is back at it again. This time around, he’s back to his old habits of pushing Dogecoin, calling it “the people’s coin” in a recent tweet and pledging enough support for the asset that it has risen by about 75 percent in the last 24 hours alone.Elon Musk Calls Dogecoin the “People’s Coin”Musk is one of the most confusing figures in the cryptocurrency arena. As the CEO of both Tesla and SpaceX, no doubt the South African entrepreneur has a good handle on technology, but he seems to go...

ADA/USD – Cardano Climbs Into 4th Ranked PositionKey Support Levels: $0.6, $0.54, $0.5.Key Resistance Levels: $0.67, $0.7, $0.78.Over the past three days, Cardano has managed to surge by a total of 45% after rising from $0.44 to reach the current $0.66 level. On Friday, the cryptocurrency penetrated beyond the upper boundary of an ascending price channel as it turned parabolic.Yesterday, it broke beyond resistance at $0.55, allowing it to climb above $0.6 and reach as high as $0.67. Today, It...

It’s been quite an interesting couple of weeks in the cryptocurrency market. Somewhat surprisingly (or not), the meme coin DOGE has seen more retail interest than Bitcoin in the US, propelled by a series of events ranging from Elon Musk tweeting about it regularly and the craze surrounding Wall Street Bets.Dogecoin Searches Top Bitcoin’s in the USDogecoin, believe it or not, is currently the 12th largest cryptocurrency in the world by means of total market capitalization. Sitting on a...

More institutional investors are betting big on bitcoin as the digital currency rallied. From gaining acceptance by corporations as a primary reserve asset, the cryptocurrency is now making its way to the portfolio of some of the world’s largest hedge funds.Last month, Bridgewater Associates founder and Ray Dalio called bitcoin an “amazing accomplishment” and hinted at the possibility of his hedge fund adopting bitcoin as a hedge against currency devaluation. For Bill Miller, however,...

After another increase that took BTC to $41,000, the cryptocurrency has retraced beneath the coveted $40,000 level. The crypto market cap reached ATH above $1.2t but has retraced as most altcoins have also corrected slightly. Cardano is the main exception, with a massive 20% surge to a new 3-year high.Bitcoin Touched $41K But RetracedThe primary cryptocurrency was gradually increasing in value since Monday’s dip until it broke above $37,000 a few days back. However, the bulls pulled it...

Michael Saylor’s crusade to bring the Bitcoin gospel to as many entrepreneurs around the world as possible seems to be paying off, with thousands of people willing to listen to his message at various virtual conferences.And it seems his latest call was particularly successful. In a tweet dated February 6, the famous businessman revealed that more than 22,000 people registered for his “MicroStrategy World 2021” event. During this event, he discussed several topics related to Bitcoin, from...

The mayor of Miami Francis Suarez is fascinated by bitcoin and says he’s working hard to bring the world’s number one digital currency to the city in droves.Suarez Sees Miami as a BTC HubRight now, he’s looking to do this by attracting new financial and tech startups to the region. He wants to combine the best elements of New York City and Silicon Valley and establish South Florida as the USA’s next big tech hub. In addition, he’s got a few other ideas that he’s playing with right now that...

Once again, it appears the news has been working hard to ensure bitcoin is covered in all its crypto-related headlines while turning its back on all the smaller, competing altcoins that have seemingly been doing better at press time.Bitcoin Is Outshining Many Stronger CoinsNo doubt that bitcoin appears to be getting back on track as of late. After a heavy drop that saw the currency lose roughly $10,000 off the $42,000 high it attained in early January, the currency is back on track to hitting...

Corporate Intelligence Services (CIS) – a firm that collects debts and investigates cryptocurrency-related activity – has issued its own bitcoin wallet to allow customers to pay their debts with digital assets.CIS Says You Can Pay What You Owe with CryptoAs it stands, bitcoin and cryptocurrencies cannot be used much to pay for items due to their ongoing volatility. Many stores, retailers and similar establishments do not accept these assets as methods of payment given that they are rather...

Cryptocurrency platform OKEx announced another crypto-promoting project –the Bitcoin Lightning Network. It will focus on downsizing transaction fees and reducing time for their execution.OKEx is Aiming at Low Transaction Costs and PromptitudeOKEx, the leading cryptocurrency platform and derivatives exchange is to integrate the Bitcoin Lightning Network in the next quarter. The project represents a second-layer scaling solution based on the Bitcoin blockchain technology.According to an...