Crypto news

Bitcoin price extended its decline below the $30,000 support and tested $28,800 against the US Dollar. The price is now trading below the $35,000 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear the trend line and $34,500 to move into a positive zone in the near term. Bitcoin price is recovering higher above...

Blockchain Capital remains a major tech backer in the DLT space with investments in numerous crypto and DLT projects. Fund V with $300M Funding According to a press release published on Monday (June 22, 2021), Blockchain Capital has closed funding for its Fund V LP. The capital raise reportedly drew participation from several high-profile backers including global payment giants Visa and PayPal. Capped at $300 million, Blockchain Capital’s latest fund was oversubscribed likely...

With Ethereum continuing to show a lot of gall and hutzpah during this current bear market, many are wondering if the asset will eventually become the world’s most powerful cryptocurrency by market cap. As always, bitcoin is still in the number one spot, but Ethereum is continuing to show heavy promise, and Wall Street along with several retail players are experiencing more interest in the asset. Ethereum Is Gaining Serious Momentum Ethereum is the second largest...

Chicago is building itself up as a leader in the world of blockchain and crypto. The region already hosts a bitcoin ATM operator and a crypto mining facility and is looking to add a whole lot more to the mix. Chicago Is Becoming a Real Crypto Hub David Carman is a fintech consultant and board member with Global DCA, a crypto industry association in Chicago. He says that over the years, people within the city have grown to love digital assets, and the market itself is...

A professor at Cornell University believes that bitcoin can never accomplish all it has set out to do unless it manages to get past three big hindrances. According to Eswar Prasad, professor of economics at the educational institution, bitcoin still suffers from several flaws that are preventing it from being stronger than many of its altcoin cousins. Eswar Prasad: BTC Still Has a Way to Go In an interview, Prasad points to the idea that bitcoin mining is extremely...

The Bitcoin rollercoaster continues after the price dropped by a precipitous 14% from today’s high of $33,250 to reach as low as $28,600. After hitting this level, the cryptocurrency quickly rebounded back above $32,000 liquidating a huge amount of long then short positions. Yesterday, it seemed like the critical support of $31.7K was holding, however, earlier today Bitcoin broke the ascending trend line (started forming on May 19), losing the $30k support, but, as of now,...

[PRESS RELEASE – Please Read Disclaimer] Nairobi, Kenya, June 21, 2021 – UTU, a decentralized trust infrastructure provider building new models of digital trust via artificial intelligence and blockchain, has partnered with Ocean Protocol to launch its trust infrastructure on the Ocean Market. Ocean Protocol is an ecosystem that unlocks the value of data. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure,...

Iranian authorities have confiscated about 7,000 cryptocurrency mining machines. The latest development is in line with Iran’s crackdown on illegal bitcoin mining activities. According to Reuters on Tuesday (June 22, 2021), General Hossein Rahimi, Tehran police chief, revealed that the computer miners were found at an abandoned factory in Iran’s capital, which was used to carry out illegal cryptocurrency mining activities. The latest seizure is the largest ever carried out by...

ADA/USD – ADA Plummets Beneath The 100-day MA Key Support Levels: $1.07, $1.00, $0.913.Key Resistance Levels: $1.20, $1.30, $1.42. ADA fell beneath the 100-day MA at $1.42 over the weekend and has since plummetted as low as $1 today. The cryptocurrency was trading inside a symmetrical triangle pattern and broke toward the downside of the consolidation on Saturday. Yesterday, ADA slipped from the 100-day MA and fell beneath $1.20. It continued today as ADA broke support at...

[PRESS RELEASE – George Town, Cayman Islands, 22nd June 2021] Ethernity Chain (ERN) is coming to Binance’s Innovation Zone and will receive three trading pairs later today. The popular community-oriented platform with a strong focus on authenticated and limited edition NFTs has received a lot of attention lately. This token listing further enhances the appeal of what Eternity Chain brings to the table. As a platform renowned for its limited-edition authenticated Non-Fungible...