Crypto news

Litecoin price started an upside correction from the $150 support against the US Dollar. LTC price is just trading above $165 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $176 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear $176 and $180 to start a fresh increase in the near term. Litecoin price is struggling to clear $175 and $180 against the US Dollar, unlike bitcoin....

Two weeks ago, Miami, Florida saw itself hosting the world’s biggest cryptocurrency and bitcoin conference the world has ever seen. Now, new coronavirus cases are popping up amongst attendees. Coronavirus Hits BTC Fans Approximately 12,000 tickets were sold to the event, and people from all corners of the world – including Europe, a continent hit particularly badly by the virus – flew into Miami to discuss the world’s greatest digital currency by market cap. The event...

While the entire crypto industry was extremely delighted with the news of El Salvador’s bitcoin adoption as a legal tender, several financial analysts have called out the country’s president and congress for the decision. A “Very Stupid” Decision In a recent report, Steve Hanke, a professor of Applied Economics at the John Hopkins University, has called the decision a “very stupid” one. According to him, El Salvador is one of the three officially dollarized American nations,...

Hardware wallet company Ledger has raked in $380 million thanks to a Series C funding round. The event marks the third largest crypto funding round in the history of the space. Ledger Wallet Has Earned Some Solid Money At the time of writing, Ledger boasts a valuation exceeding $1.5 billion. The latest funding event was led by a wide array of known crypto firms including 10T holdings, Draper Esprit, Draper Associates, DCG, and Cathay Innovation. Prior to this round,...

The multi-stage DAO1 International Blockchain Hackathon commences on June 18, 2021. June 16, 2021, Singapore: The community-led socio-economic blockchain infrastructure project DAO1 has finalized the dates for its first of many blockchain hackathons. The DAO1 International Blockchain Hackathon will be held in two stages from June 18, 2021 till July, 2, 2021, enabling participants to showcase their innovative projects to a wider community. Registrations for the event are...

Leading crypto exchange Coinbase has partnered with a 401(k)-plan provider known as For Us All to give its employees the chance to use their retirement funds to invest in crypto. The idea is to ensure that all employees of the digital trading giant are not just working in the crypto industry but taking advantage of it as well and benefiting from all it offers. Coinbase Employees Can Now Take Advantage of Crypto Individuals will have the opportunity to invest as much as...

Despite the most recent price fluctuations with bitcoin, whales have not been deterred from accumulating sizeable portions. Buying 100,000 coins in less than a month, they now own almost half of the circulating supply. Whales Own Almost 50% of BTC in Circulation Bitcoin whales are typically separated into a few groups. Perhaps the most active one comes from wallets containing between 100 to 10,000 bitcoins. Sometimes, their behavior can determine the price action in the...

[PRESS RELEASE – Ta’ Xbiex, Malta, 16th June 2021] Virtue Poker, the blockchain-based P2P poker app will launch on Binance Smart Chain, becoming the first licensed, multi-chain compatible blockchain-based poker platform. “Virtue Poker aims to become the go-to-destination for blockchain-based wagering” says CEO Ryan Gittleson. “Our launch on BSC will enable a whole new audience of crypto-enthusiast poker players to more conveniently deposit, wager and play on the Virtue Poker...

[PRESS RELEASE – SINGAPORE, SINGAPORE, 16th June 2021] SINGAPORE, June 16, 2021 — AAX, an institutional-grade cryptocurrency exchange powered by the LSEG Millenium matching engine, is throwing its weight behind the Solana platform and its ecosystem projects to promote adoption of the rapidly growing blockchain ecosystem. A total of $10 million has been reserved to support various incentive programs for staking SOL and other ecosystem tokens. The campaign comes as AAX has...

Despite the massive adoption waves surrounding cryptocurrencies in recent months, the Indonesian authorities have decided they want nothing to do with this emerging asset class. According to a recent report, the governor of Indonesia’s central bank, Perry Warjiyo, asserted that the use of cryptocurrencies as a payment method in the country would no longer be condoned. Warjiyo made his statement in a virtual seminar held on Tuesday, warning all financial services providers to...