Crypto news

Key Support level: $1 Key Resistance level: $1.2  The XRP price action is caught between support and resistance or $1 and $1.2. The pressure is building up, and XRP appears to be ready to explore higher levels. For that to happen, though, price has to break above $1.2 with confidence and increasing volume. The price has also formed a parabola (in yellow) stretching back to March 2020. As long as it doesn’t break below it, then the bias remains bullish on XRP. Chart by...

[PRESS RELEASE – Dubai, UAE, 13th October 2021] Morningstar Ventures, the dynamic accele rator of ambitious ideas in the blockchain space, has announced a $15 million USD investment fund aimed at projects building with Elrond blockchain technology, as well as a new strategic Elrond Incubator in Dubai. Morningstar Ventures is a blockchain innovation firm that drives the proliferation of decentralized technologies through strategic placements in startups that it supports with...

The president of the Russian Federation, Vladimir Putin, has recently aired his view on cryptocurrencies, admitting that they can serve as a medium of exchange and cross-border payments. In an interview with CNBC, which was published in full on the Kremlin website, he noted that bitcoin and other cryptocurrencies could one day be used as a unit of account. Crypto Still ‘Premature’ for Oil Trades While Putin acknowledged the potential of cryptocurrencies in the payments...

Key Support level: $460 Key Resistance level: $526; $690 Binance Coin (BNB) has rallied 22% in the past four days on the news that Binance, the largest crypto exchange in the world, will invest $1 billion into the Binance Smart Chain (BSC) ecosystem. Following the news, BNB has successfully broken above the key technical resistance level at $460, making it support. The price is now seemingly getting ready to test the first resistance at $526 and start making its way towards...

Der BTC-Kurs befindet sich weiter im Aufwind. Mit mehr als 57.500 US-Dollar pro BTC nähert sich der Preis seinem Allzeithoch langsam, aber stetig. Die Inflows für den Markt zeigen seit 8 Wochen ein klares Plus und erreichten in dieser Woche ein neues Hoch für die zweite Jahreshälfte. Bitcoin News: Institutionelle Investoren erhöhen ihre Bitcoin-InvestmentsInnerhalb der letzten 8 Wochen haben Investoren mehr als 638 Millionen US-Dollar in den BTC gepumpt. Nur während der Rallye in der ersten...

Crypto ventures with a purpose may attract more investors since they motivate people to make a difference. Charitable cryptocurrencies like Elongate (ELONGATE) drive a social impact movement by giving large amounts of money to charitable causes. Elongate (ELONGATE) is a cryptocurrency token traded on PancakeSwap, a Binance Smart Chain exchange. Like Dogecoin (DOGE), the cryptocurrency was inspired by Elon Musk’s March 2021 tweet. Elongate is a crypto initiative that...

EOS price started a decent increase above the $4.50 zone against the US Dollar. The price is now trading below $4.80 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it manages to clear the $4.80 and $5.00 resistance levels. EOS price is showing positive signs above $4.40 against the US Dollar,...

Litecoin price found support near $160 and started a fresh increase against the US Dollar. LTC price is now trading above $170 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $172 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise towards $200 unless it fails to stay above the $162 level. Litecoin price is recovering higher above $170 against the US Dollar, similar to...

Ark Invest, the asset management firm founded by cryptocurrency enthusiast Cathie Wood,wants to accelerate is crypto strategy and has now officially lent its name to an ETF tracking bitcoin futures. A bitcoin future is not actually the same as a bitcoin token. Whoever holds futures contracts does not actually hold the cryptocurrency but rather rights to a pact between parties to purchase an asset in the future at a price determined in the present. Ark Invest Believes in a...

Purpose Investments – an asset management company with $12B+ in AUM – recently announced that mutual fund units would be available for its cryptocurrency exchange-traded funds (ETFs). These include its Purpose Bitcoin ETF and Purpose Ether ETF, each directly backed by BTC and ETH respectively. Purpose Investments Mutual Fund Units As indicated in a press release from GlobeNewswire, there are now six mutual fund units available for both the Purpose Bitcoin and Ether ETFs....