Crypto news

Bitcoin cash price started a decent increase above the $650 resistance against the US Dollar. The price is now trading above the $620 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $635 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $650 and $680 resistance levels. Bitcoin cash price is gaining pace above the $600 zone against the US...

United Wholesale Mortgage has become the first national mortgage lending company to say “yes” to cryptocurrency for home loans. People can now purchase their dream homes with digital assets. United Wholesale Mortgage Will Permit Home Payments in Crypto Bitcoin and its crypto cousins were initially created as a means of pushing checks, credit cards, and fiat currencies to the side. They were designed to serve as payment methods, though things have ultimately gotten in the...

Nigel Green – CEO of the financial advisory firm deVere Group – believes Ethereum would surpass Bitcoin and become the leading digital asset within five years. He argued that the former has more tech advantages than its rival, which would be the key to its rally. ‘Ethereum Is More Useful Than Bitcoin’ According to Nigel Green – the founder of the digital service provider deVere Group – Ethereum would exceed Bitcoin’s value by 2026. The chief executive pointed out that Vitalik...

Crypto mining firm Argo Blockchain has become the first official company of its kind to release a climate plan to carry it through the future. Argo Blockchain Is Looking to Be More Environmentally Friendly The idea of crypto mining is necessary to ensure digital blockchains are consistently supplied with new tokens. However, the process has been quite controversial over the past few months given that it is allegedly causing irreversible damage to the planet according to...

Singapore has become a big crypto haven in recent years, largely due to an alleged spike in coronavirus cases. Thanks to the pandemic, many citizens and residents of the country got scared about their financial situations and sought ways to keep themselves safe and wealthy during times of strife. Many People in Singapore Are Investing in Ethereum One of the ways to do this was by diversifying their portfolios, which means more crypto investments. However, rather than...

A few months after dabbling with the idea of getting on the cryptocurrency bandwagon, Wells Fargo has filed documents with the US Securities and Exchange Commission to launch a designated Bitcoin fund. According to the filing with the Commission, the US financial institution has partnered with FS Investments and New York Digital Investment Group (NYDIG) for the initiative. The name of the product will be FS NYDIG Bitcoin Fund I, LP. While previous speculations indicated that...

[Press Release – Toronto, ON] Coinchange, a fast-growing DeFi platform, announced today the Early Access launch of their High Yield Account, which allows users to earn passive income on their deposited crypto. The High Yield Account generates earnings for users by funding liquidity pools. dApps charge fees for every exchange made using those pools, which Coinchange collects and returns as yield. The fees have potential to add up quickly – users could earn up to a 25% annual...

XRP/USD – XRP Holds .382 Fib Support Key Support Levels: $1.10, $1.00, $0.928.Key Resistance Levels: $1.25, $1.36, $1.40. XRP has dropped a total of 18% since reaching $1.36 (1.618 Fib Extension) over the weekend. Despite this retracement, the coin is still up 11% over the week after surging from beneath $1.00. The cryptocurrency is currently trading inside a wide ascending price channel and is currently testing the support at the lower angle. It is further bolstered by a...

Following the success of its first six parachain auctions, Kusama – Polkadot’s Canary network, goes ahead and announces the dates and details for the next 5 auctions. Kusama Goes Ahead With 6 More Parachain Auctions According to materials shared with CryptoPotato, Kusama will schedule the next five parachain auctions on its network. The dates for them, as per the current recommendations, are as follows: 2021/09/01, 12:00 GMT: Sixth Kusama Parachain Slot auction commences....

BTC made another attempt to reclaim the 200-day moving average but was met with selling pressure as global stocks fell again amid fear of the Federal Reserve tapering asset purchases. This may be a near-term headwind for the largest cryptocurrency, but the overall fundamentals, on-chain data, technicals, and momentum remain strong. Chart by TradingViewAs we covered last week, there has been a bearish divergence forming on the 4-hour and daily chart, a near-term warning of a...