Crypto news

Bitcoin is doing extremely well as of late. The world’s number one cryptocurrency by market cap has once again surged into the $56,000 range and it looks like the asset is again about to hit its all-time high of $57,000. Bitcoin Mining May Be Doing Some Damage However, with this growth comes a few consequences, and one of those consequences is the carbon footprint that allegedly comes with the extraction of new BTC and crypto mining. As BTC’s price expands, we’re going...

On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets.Nevertheless, it’s safe to say that the cryptocurrency market has come a long way since then. In fact, this was the absolute bottom in the cycle, and it has been up only ever since. Now, 365 days later, Bitcoin’s price is trading at...

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

More developments on the Ripple vs. the SEC legal front as the Commission has requested personal financial information of the company’s CEO, Brad Garlinghouse, and co-founder Christian Larsen.Simultaneously, the Japanese financial giant SBI Group has doubled-down on its support for Ripple by offering to pay its shareholders dividends in XRP.The SEC Seeks Personal Info on Ripple ExecsThe impending case between the US Securities and Exchange Commission and the blockchain payment processor...

The world’s leading crypto exchange, Binance, is purportedly being investigated by the US Commodity Futures Trading Commission for allowing residents to trade derivatives without the necessary registration. Although Binance CEO CZ called the development “FUD,” the crypto market reacted with a sudden price drop. Citing people familiar with the matter, Bloomberg reported the CFTC had begun an investigation aiming to determine if Binance has violated any US rules. More specifically, the...

Alameda Research, founded back in 2017, is one of the leading research and trading firms in the cryptocurrency industry. The company has announced a $20 million investment in the cross-chain DeFi operating system Reef Finance.Alameda Research has invested $20 million in the popular DeFi cross-chain operating system REEF Finance.According to a press release shared with CryptoPotato, the company has made the investment by buying REEF tokens, and in doing so, it has become a significant...

It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world.While the heavily-regulated stock markets activated circuit breakers to ease the pain, no such options were available for the unregulated crypto market. As such, in a day when the S&P...

ETH/USD – Market Falls Into Lower Boundary of Ascending Price ChannelKey Support Levels: $1755, $1700, $1667.Key Resistance Levels: $1876, $1900, $1960.Ethereum started the week on a bullish note after rebounding above $1500 over the weekend. The cryptocurrency went on to form a short-term ascending price channel as it continued to push upward to reach the resistance at $1875 (1.414 Fib Extension).It could not close a daily candle above the resistance and ended up rolling over on Wednesday....

Alongside DeFi, NFTs remain at the frontline of the cryptosphere, causing a widespread hysteria that can only be compared to the ICO boom in 2017. For most of the time, however, NFTs have trailed DeFi in terms of interest, but that has now changed. They have hit stratospheric points of late, and search engine results conform to this.NFTs Continue To Whet AppetitesAn unfolding love affair between art, real estate, collectible enthusiasts, and the metaverse birthed one of the biggest factions...

Bitcoin came even closer to reaching a new all-time high a few hours ago but failed, and the subsequent rejection drove the asset below $57,000. Most alternative coins have remained relatively calm on a 24-hour scale despite some severe volatility experienced in the past few days.Bitcoin Came 0.43% Away from a Fresh ATHIt seems that last week’s price drops in which bitcoin dipped to $43,000 are long gone for the cryptocurrency. This week the asset has been on an impressive run that overcame...