Crypto news

Goldman Sachs executive Aziz McMahon has resigned from his position with the financial giant after garnering a massive cryptocurrency fortune. Aziz McMahon Is Out at Goldman Sachs This news is coming at a time when most cryptocurrencies are in the doldrums. Bitcoin, for example, has fallen from its recent all-time high of $64,000 per unit – initially achieved in April of this year – to about $48,000 at press time. This is a $16,000 drop, and many other leading altcoins...

XRP/USD – Bulls Finally Push Above Symmetrical Triangle Pattern Key Support Levels: $1.50, $1.30, $1.25.Key Resistance Levels: $1.74, $1.82, $1.98. XRP had been trading inside a symmetrical triangle pattern since mid-April. The coin attempted to break toward the upside of this pattern at the start of May but failed to close a daily candle above the upper angle on each attempt. Over the past fortnight, XRP dropped into the support at $1.25, provided by the Feb 2018 highs. It...

The largest Ethereum wallets have refused to dispose of substantial quantities of their holdings despite the massive turbulence that the asset experienced in the past week. At the same time, a study compiled by a researcher from the Ethereum Foundation estimated that once the network transitions from PoW to PoS, it will reduce the energy consumption by 99.95%. Ethereum’s Whales Have Not Sold The second-largest cryptocurrency has been among the best performers since the start...

[PRESS RELEASE – 18 May 2021, Tallinn, Estonia] Relite Finance, a cross-chain DeFi lending protocol, has announced $RELI trading opening on Uniswap after the successful completion of an IDO on PAID’s Ignition Launchpad. Both available RELI (Relite’s native token) pools were filled within the first several minutes, following the high level of community interest shown during the whitelist subscription period. As was the case with the preceding private sale, the Relite Team has...

The hype for digital collectibles is near all-time-high. All appreciation to recently popularized NFT mania. Non-fungible tokens are not new and in fact, were first brought into use as early as 2018 but their primary use was limited to fan tokes for a popular sports league and blockchain in-game memorabilia. However, with every bull season, a new use case rises above all and this time around, it seems NFT has become the most popular one for the time being. A range of...

The cryptocurrency market continues to baffle. More specifically – everything that Elon Musk tweets about, regardless of whether it actually has any relation to cryptocurrencies – seems to have an impact. The case in point is a cryptocurrency called Starbase Token, carrying the STAR ticker. According to the project’s official website, it represents a “blockchain token-based crowdfunding/sourcing platform.” In essence, it’s a place where startups can raise funds by issuing...

Michael Saylor’s NASDAQ-listed company continues with its initiative to purchase sizeable amounts of bitcoins at frequent intervals. The firm said earlier today it had allocated another $10 million in cash in BTC, and its total stash is over 92,000 coins. The founder and CEO of the business intelligence giant announced the latest purchase on Twitter earlier on May 12th. It reads that the firm has bought 229 bitcoins for $10 million in cash at an average price of $43,663 per...

[Press Release – Amsterdam, Netherlands, 18th May 2021] SingularityNET’s first DeFi spin-off project, SingularityDAO, is announcing today their partnership with leading decentralized data provider Ocean Protocol. The collaboration will see the OCEAN token’s inclusion in SingularityDAO’s index fund/investment portfolio. Moreover, SingularityDAO is designed to leverage AI at multiple levels: AI manages dynamic token-sets, executes predictive market-making strategies to provide...

The cryptocurrency community has shown the highest optimism levels towards bitcoin in the past few days after the asset lost over $16,000 of value. At the same time, the popular fear and greed index has gone into an “extreme fear” territory. Crypto Investors Optimistic on Bitcoin? Ever since the primary cryptocurrency reached its latest all-time high in mid-April of $65,000, it has failed to sustain its 2020/2021 bull run. Just the opposite, the asset started to gradually...

[PRESS RELEASE – George Town, Cayman Islands, 18th May 2021] BlockSwap Network is pleased to announce a strong partnership and collaboration with Algorand. Through this collaborative effort, both teams will bring forth the AlgoSaver solution. Introducing a sustainable saving market for mainstream users offering 7% on USD deposits is a significant milestone for both teams. The partnership between Algorand and BlockSwap Network is possible through the Algorand EU Accelerator....