Crypto news

The International Monetary Fund opined that risks and costs outweigh the potential benefits of digital assets. They can also be highly volatile, and thus their implementation as national currencies is not suitable for now. Cryptocurrencies Are Not Related to The Real Economy The International Monetary Fund (IMF) warned in a recent publishment that digital assets are not quite ready to be employed as national currencies. Despite highlighting their potential to provide faster...

ADA/USD – ADA Trades Inside Ascending Price Channel Key Support Levels: $1.23, $1.18, $1.12.Key Resistance Levels: $1.30 – $1.32, $1.40, $1.45. ADA is up 22% since rebounding from support at $1.05 nine days ago. From there, the cryptocurrency established an ascending price channel as it broke above the 200-day MA and the 2-day MA. ADA is now struggling to close above the $1.30 resistance and uses the lower angle of the ascending price channel as support. $1.30 provided strong...

The American financial institution State Street Corporation will reportedly start offering digital assets services for its private-fund clients. The bank’s partner in the move is the back-office crypto-focused technology company – Lukka Inc. State Street Dives Deeper into Crypto According to a recent Bloomberg report, the leading US bank – State Street Corporation – is looking to offer cryptocurrency reconciliation, reporting, and processing services to its private-fund...

Bitcoin is up by an impressive 22% this week as it currently battles with the $40K resistance area. As mentioned before, for the past two months, bitcoin’s price was trading between $30K and 42K. This week saw its highest point since June 15 ($41.3K according to BItstamp). The past week has been promising for BTC, after breaking a descending wedge pattern and finally getting to overcome both the 20 and the 50 days moving average lines. This break of the 50-day MA was the...

PayPal will reportedly take another step in its cryptocurrency endeavors and roll out a “super app wallet” for its American users. The company will launch the upgraded version in the upcoming months. Additional Crypto Capabilities for PayPal Clients The Chief Executive Officer of the company – Dan Schulman – revealed during PayPal’s Q2 2021 Earnings Call that the firm would enhance its digital assets services by offering its users an upgraded version of its application. Named...

The Vice President of Ghana – Dr. Mahamudu Bawumia – opined that embracing cryptocurrencies would be beneficial for the trade sector on the African continent. He believes that digitization is the tool that will help the economies to revive again after the devastating consequences of the COVID-19 pandemic. Digital Currencies Can Improve Trade During the Fifth Ghana International Trade and Finance Conference in the capital Acra, the nation’s Vice President argued that African...

Wieder war es Senatorin Elizabeth Warren, die sich mit der Forderung nach Regulierungen des Cryptomarktes meldete. Dieses Mal forderte sie in einem Brief den Finanzminister der Vereinigten Staaten Janet Yellen direkt dazu auf, die geforderten Regulierungen umzusetzen. Bitcoin News: US-Senatorin will Bitcoin Regulierungen vorantreibenNatürlich versuchte es Senatorin Warren wieder einmal mit den üblichen Argumenten. Cyberkriminalität, Geldwäsche und Umweltschäden seien das Resultat eines...

The past 24 hours saw bitcoin’s price being relatively stable around the crucial $40K mark. The majority of the market is also fairly neutral, with a lot of the altcoins charting rather insignificant losses. Bitcoin Stable Around $40K Bitcoin is circling the $40K mark over the past 24 hours, seemingly unable to make a move in either direction. However, a consolidation around this area, which is also serious support, could potentially be positive. At the tie of this writing,...

EOS started a fresh increase above the $3.50 resistance against the US Dollar. The price is now trading above the $3.50 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $4.00 and $4.02 resistance levels in the near term. EOS price is showing positive signs above $3.50 against the...

Litecoin price started a fresh increase above the $125 resistance zone against the US Dollar. LTC price is now trading nicely above $132 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $142 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate higher if there is a clear break above $142 and $145. Litecoin price is attempting a recovery above $132 against the US...