Crypto news

The rapidly increasing popularity of PancakeSwap – the decentralized exchange running on Binance Smart Chain – has caught the attention of bad actors. The project warned that a group of scammers is promoting fake airdrops trying to lure victims into claiming them through a fraudulent link. Fake CAKE Airdrops The popularity of the DEX employing the Binance Smart Chain has gone through the roof in the past several months. The fast and cheap transactions resulted in high...

The New York wine seller Acker, Merrall & Condit, or simply known as Acker, announced it now accepts digital currencies as a form of payment at its auctions and retail store. The company supports some of the most popular cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Dogecoin. Acker Catches the Crypto Wave After the massive impact that the COVID-19 pandemic caused on global economies, many organizations turned their heads to the potential of digital...

ETH/USD – Market Trades Inside Symmetrical Triangle Pattern Key Support Levels: $2400, $2280, $2162.Key Resistance Levels: $2517, $2642, $2680. Etheruem saw a strong 10% price hike today as the cryptocurrency pushed higher from $2300 to reach the current level. With today’s movement, ETH managed to break the resistance at $2402.50 (1.414 Fib Extension) that it failed to close a daily candle above last week. If today’s daily candle can close above here, it will be a solid...

Stellar lumen price declined heavily from well above $0.6000 against the US Dollar. XLM price is now trading well below $0.5000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.4500 on the 4-hours chart (data feed via Kraken). The pair is likely to start a fresh increase if it clears the $0.4500 and $0.5000 resistance levels. Stellar lumen price is consolidating above $0.4000 against the US Dollar, while...

Ripple price declined heavily from well above the $1.800 level against the US dollar. The price is now trading below the $1.20 support and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.155 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.155 and $1.160. Ripple price is attempting a recovery from $0.885 against the US...

Bitcoin closed the week with the second-largest red candle in its entire history, testing lows near the $47k price zone following an ATH of $64K recorded in the previous week. Overall, this was a tough week for markets across the board. From stocks to cryptocurrencies, traders experienced an episode of collective panic marked by the rumor that Joe Biden would be preparing a bill to increase capital gains taxes by almost 100% for all those generating more than $1 million in...

The Venmo app – which is a division of PayPal – has agreed to let all users buy, sell and hold digital tokens. The news was announced earlier in the week, and many believe this will move cryptocurrencies deeper into mainstream territory. The Venmo App Has Said “Yes” to Crypto Beginning last Tuesday, Venmo users can invest in four mainstream cryptocurrencies. They are bitcoin, Litecoin, Ethereum and bitcoin cash. They can use these assets to purchase goods and services...

Office provider We Work has joined hands with popular cryptocurrency exchange Coinbase and digital currency transaction processor Bit Pay so that it can now accept payments in digital assets like bitcoin. We Work Is Joining the Ranks of PayPal and Tesla The idea of bitcoin and other digital currencies being used as payment methods has been around for quite some time. In fact, BTC and many other crypto assets were designed for this purpose – to one day knock fiat...

With bitcoin’s continued increase in price and popularity, the asset’s mass adoption has skyrocketed in recent months. Apart from notable names purchasing BTC as a store of value, numerous large and small companies introduced bitcoin payments for their products as an alternative to fiat money. Tesla Leads the Way Bitcoin has had a wildly compelling year as institutional investors, banks, and fund managers continue to back up the cryptocurrency in any shape or form. But way...

Bitcoin and cryptocurrencies are becoming more popular than ever, and now a company known as Unifi Money is set to offer what it is calling the Unifi Premier, a new credit card that will reward its users in gold, stocks and digital assets. Unifi Premier Is a New Kind of Crypto Card While not all the details regarding the rewards program are known at this time, Ben Soppitt – the CEO and founder of the company and the respective card – says that users are likely to be...