Crypto news

Elon Musk – the South African entrepreneur behind majorly successful companies like electric car firm Tesla and SpaceX – is back in the news promoting his favorite cryptocurrency Dogecoin. While the man has consistently made a name for himself in the world of bitcoin and went as far as to purchase $1.5 billion worth of the world’s number one digital asset by market cap in recent months, Musk is again reverting his attention back to the joke cryptocurrency with a cute...

The crypto market has reached a new all-time high today and is now worth over 2 trillion dollars. The push from financial institutions has played a crucial role in boosting the price of several high-market cap currencies like Bitcoin, Ethereum, and others. Another Milestone for the Crypto Community While this is an excellent achievement for the crypto-space, many crypto-users believe an even greater bull run is ahead, considering the institutional push and adoption for...

Popular business intelligence and software company MicroStrategy has continued to show no signs of slowing down on its bitcoin buying spree, adding more of the asset to its portfolio at every opportunity. The company’s CEO, Michael Saylor, recently took to Twitter to announce MicroStrategy’s latest bitcoin purchase, an addition of 253 BTC, to the company’s large bitcoin holding. MicroStrategy Holds 91,579 BTC According to Saylor, the bitcoins were bought in cash for $15...

The world’s largest cryptocurrency asset manager, Grayscale, has confirmed its commitment to convert the GBTC trust into a Bitcoin ETF. The company has filed documents with the US Securities and Exchange Commission indicating that it has completed all steps before such a transition.  Launched in 2013, Grayscale is a digital asset manager enabling institutional and accredited investors to receive exposure to BTC and other cryptocurrencies without worrying about storing and...

[Press Release – Singapore, Singapore, 5th April, 2021, Chainwire] Cook Protocol, a cross-chain DeFi asset management protocol, has completed its Initial Decentralized Exchange offering on DuckStarter and has successfully distributed the COOK token on three blockchains. Cook Protocol is a decentralized platform for performing cross-chain asset management. The protocol allows anyone to create strategies for earning yield, which can be used passively by the Cook community. Fund...

ADA/USD – Rangebound Trading Continues Key Support Levels: $1.15, $1.07, $1.00.Key Resistance Levels: $1.20, $1.24, $1.30. ADA has been trapped between $1.24 and $1.15 for the past eleven days of trading. Alongside this narrow range, ADA is also trading inside a short-term symmetrical triangle pattern as it continues to consolidate toward the apex. Additionally, it is doing well to hold above the 20-day EMA. A breakout of this range should dictate the next direction of...

The Bank of Japan has officially kicked off experiments on a proof of concept for its central bank digital currency. The first testing phase is already live and should be completed by March 2022. BOJ Takes a Swing at CBDC Development Japan’s Central Bank has put its mind into issuing its own digital currency. The trial will consist of two phases, according to a recent Reuters coverage. The initial steps should continue until March 2022. They will concentrate on testing the...

XRP/USD – Buyers Push Above March Highs Key Support Levels: $0.659, $0.609, $0.556.Key Resistance Levels: $0.75, $0.773, $0.8. XRP is now up by a total of around 30% over the past week as it pushed higher from $0.55 (2019 highs) to break above $0.6 and reach the current resistance at $0.70. The cryptocurrency was trading inside a bullish wedge pattern during March but managed to close a daily candle toward the upside yesterday. Since breaking above, XRP surged higher to break...

Stellar lumen price is trading nicely above the $0.4000 pivot level against the US Dollar. XLM price is now trading well above $0.4200 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.4400 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher if there is a clear break above the $0.4700 and $0.4800 resistance levels. Stellar lumen price is showing positive signs above $0.4200...

Ripple price started a strong increase above the $0.5000 and $0.5500 resistance levels against the US dollar. The price is now well above $0.5500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.6000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to surge further above the $0.7000 and $0.7010 resistance levels. Ripple price is trading in a positive zone above the $0.6000...