Crypto news

Stellar lumen price corrected lower from the $0.8000 resistance zone against the US Dollar. XLM price is now trading just below $0.6800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.6200 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the $0.6850 and $0.7100 resistance levels. Stellar lumen price is holding ground above $0.6000 against the US Dollar, similar to...

Ripple price is holding ground above the $1.22 support zone against the US dollar. The price is now consolidating above $1.45 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near the $1.5500 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 $1.55 and $1.60. Ripple price is trading nicely above the $1.40 support against the US...

Coinbase’s IPO was great news for cryptocurrency enthusiasts. Still, since that time, the company’s share price has done nothing but slide. In the midst of that collapse, the leading U.S. cryptocurrency exchange is looking for an even more significant cash infusion. As per a P.R. published a few hours ago, the U.S. company revealed its intention to offer $1.25 Billion of Convertible Senior Notes Due 2026. Coinbase Wants To Speed Up Its Growth The offering would be private and...

Over the past year, people have really rejected the idea that bitcoin is just a speculative tool. Many are now looking at it through a new lens and see it as a hedge tool; something that can keep one’s wealth stable during times of economic strife. Bitcoin Has Been Tanking… The ongoing challenge of inflation – which has been prominent ever since the coronavirus pandemic first began striking against our global financial markets – has caused many people to see bitcoin as...

9 out of 10 of all Bitcoin (BTC) mining pools have been signaling for taproot activation, an upgrade that could highly improve network scalability and privacy. However, its activation seems unlikely during the Difficulty Epoch for Bitcoin. The latest mining pool to signal Taproot activation is BTC. Top, which did so on block height 683,945. Other top mining pools like F2pool and Antpool have previously shown support for the soft fork upgrade, which would give more flexibility...

[PR – Sunnyvale, United States, 17th May, 2021] The cross-chain decentralized asset management platform Cook Finance today announced the launch of its first DApp on Ethereum Rinkeby Testnet. The project has also invited its community members to preview the Testnet platform and share their feedback to help improve it. Soon after the Testnet version, Cook will then launch its Columbus version on the Ethereum Mainnet. The excitement around the Testnet launch of the Cook Finance...

Bitcoin has fallen deeply into a state of oblivion. Once trading for well over $64,000, the world’s number one digital currency by market cap has lost nearly $20,000 in value since last month and is presently trading for just over $47,000. Bitcoin Is Still Being Bought Up Among many analysts is an attitude of gloom and doom. Some consider the end of bitcoin to be near, while other largescale investors – such as Michael Saylor of MicroStrategy fame – think that this is...

Bitcoin just keeps falling into oblivion. At the time of writing, the world’s number one digital currency by market cap has dropped into the $47,000 range, which is lower than it has been in quite a long time – especially considering at around this time last month, the asset was trading for well over $64,000. However, it was expected that BTC would undergo a hard correction considering how fast it moved up, and Anthony Scaramucci of Sky Bridge Capital believes the asset...

A new rule under the hat of the COVID-19 relief bill will see 39 million US households receive up to $3,600 monthly starting from mid-July. Given the history between BTC’s price appreciation since the first-ever stimulus bill, the narrative rises now if this latest endeavor will push bitcoin higher again. 39M American Families to Receive up to $3.6K Per Month The COVID-19 pandemic pushed the US government (and many others) to undertake extreme measures to help alleviate the...

In the span of a month, bitcoin went from $65,000 to $42,000, which officially became the largest correction since the bull cycle began in October 2020. So far, it has taken the asset between four and five weeks to recover all losses and head towards a new high during previous similar developments. As such, the question remains if history will repeat itself once more. Worst 2020/2021 Bull Run Correction Although it seems like a lifetime ago, it was just last October when the...