Crypto news

Sam Bankman-Fried – the man in charge of the FTX cryptocurrency exchange – has engaged in an online Twitter feud with Massachusetts Senator Elizabeth Warren after the former presidential hopeful claimed that energy usage in the bitcoin community was contributing to the death of the planet. Elizabeth Warren Doesn’t Like Bitcoin Mining Warren – still under the impression that people are paying attention to her – tweeted a New York Times article claiming that the amount of...

The New York City-based global investment firm intends to double down on its cryptocurrency endeavors by partnering with a trading platform called NAX and Algorand to raise a quarter of a billion dollars to spread blockchain usability among institutions. CNBC report outlined SkyBridge Capital’s latest endeavor in relation to the digital asset industry. The institution has joined forces with NAX to raise $250 million through a series of fundraising events. The plan is to...

[PRESS RELEASE – Please Read Disclaimer] ADAlend.finance , a protocol that is bringing decentralized lending to the Cardano blockchain, has just sold out its private sale in less than one hour. Seven private angel investors have purchased the entire seed allocation of 1.8 Million Cardano native ADAL tokens for $540,000. As a reflection of the huge demand for high-quality Cardano native DeFi projects, and the perfect timing with the launch of ADA smart contracts around the...

The entire cryptocurrency market pumped when news that the US-based e-commerce giant Walmart, has inked a partnership deal with Litecoin to enable its customers to make payment with LTC broke out. Unfortunately, the news appeared to be fake, and the market dumped subsequently. According to the fake press release on Monday (September 13, 2021), Walmart shoppers would have soon been able to start making payments with LTC across all eCommerce stores. The story was quickly picked...

ETH/USD – Ether Falls Into .5 Fib Support Key Support Levels: $3200, $3150, $3000.Key Resistance Levels: $3350, $3480, $3600. After Tuesday’s market wipeout, ETH is now down a total of 15% on the week after falling from near $4000. The coin found support at $3200 (.5 Fib) over the weekend and rebounded higher. Unfortunately, it could not break the 20-day MA resistance at $3485 yesterday and rolled over from there today as it fell by 2% to meet the current $3200 (.5 Fib) level...

Coinbase announced today its intentions to hold a private offering of $1.5 billion of senior notes. The company plans to allocate the funds to product development, acquisitions, and new personnel. According to a press release dated September 13th, the largest US-based exchange will offer $1.5 billion aggregate principal amount of its senior notes due 2028 and 2031 in a private offering. The firm said it will “fully and unconditionally” guarantee the notes. The parties aiming...

Business intelligence company MicroStrategy, spearheaded by Michael Saylor, has purchased over 5,000 bitcoin worth $242.9 million. Thus, the firm’s total BTC holdings have increased to over 114,042. MicroStrategy founder and CEO Michael Saylor announced the latest bitcoin purchase via Twitter on Monday, September 13th. According to the executive, the business intelligence firm purchased 5,050 BTC, at an average price of approximately $48,099 per bitcoin. MicroStrategy has...

Stellar lumen price started a strong decline from the $0.4300 resistance against the US Dollar. XLM price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.3200 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a break below the $0.3200 and $0.3100 support levels. Stellar lumen price is gaining bearish momentum below $0.3200 against the...

Ripple price started a strong decline from the $1.40 resistance against the US dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.05 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could resume its decline as long as there is no close above the $1.20 resistance zone. Ripple price is showing bearish signs below $1.20 against the US Dollar,...

This week the U.S. Federal Reserve’s balance sheet charted another all-time high. At an astounding $8.357 trillion, are the rapidly growing assets of the Fed speeding crypto adoption? The Federal Reserve publishes updates to its balance sheet numbers every seven days. This week’s report was a doozy, revealing another $8 billion in assets purchased over the period. The U.S. central bank has been busily hoovering up mortgage-backed securities and Treasury bonds, buying them...