Crypto news

Earlier in March, he called bitcoin “nonsense” and criticized its energy consumption levels. A few weeks later, the Norwegian billionaire, Øystein Stray Spetalen, said he was wrong about the first-ever cryptocurrency and even bought some for himself.Early March: Bitcoin is NonsenseThe 58-year-old Spetalen is the founder of SD Standard Drilling Plc and Standard Drilling ASA. He’s a well-renowned investor and trader who began his trading career in 9th grade.During a DNB Invest conference in...

Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar. XLM price is now consolidating just below $0.4000 and above the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3800 on the 4-hours chart (data feed via Kraken). The pair must clear the $0.4110 and $0.4350 resistance levels to continue higher. Stellar lumen price is showing positive signs above $0.3800 against the US...

Ripple price is showing positive signs above the $0.5000 and $0.5200 resistance levels against the US dollar. The price is now well above $0.5200 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.5645 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to surge further above the $0.5850 and $0.6000 resistance levels. Ripple price is trading in a positive zone above the...

The cryptocurrency trading space is consistently introduced to new coins for people to trade and enjoy. The latest example is one known as Safe Moon, which appears to be getting more and more interest from investors according to latest search trends. Safe Moon Is Now Available To be fair, not much is known about the currency just yet, so as we do with all new coins, we’re informing our readers to stay safe and remain fully aware of the risks that are associated with...

Bitcoin has taken a nasty hit in recent days. The world’s number one digital currency by market cap – which was previously trading in the $58,000 and $59,000 ranges – has stumbled backwards and is now trading for around $55,000. Earlier today, we published an article suggesting that the expiration of various bitcoin options was to blame, though there may have been another contributing factor. Jerome Powell – chair of the Federal Reserve – released an official statement...

The past seven days were quite the roller coaster in the cryptocurrency market, which, fortunately, ended well.The total market capitalization is currently more or less at the same level as where it was one week ago, despite having lost almost $100 million on Thursday when Bitcoin’s price collapsed to $50K.With this said, we take a look at the top 5 cryptocurrencies to keep a close watch over the next few weeks.Bitcoin (BTC)It goes without saying that, for the most part, wherever Bitcoin...

Where the heck is bitcoin planning to go in the coming weeks? The number one cryptocurrency by market cap has decided to take a turn for the worse, diving into $55,000 territory after trading for $58,000 or $59,000 for the past several days, and it looks like many analysts are torn on whether the world’s primary digital asset will continue to go south or get back to its winning ways. Bitcoin Has Dug Itself Into a Hole It appears one of the big contributing factors to...

In a report exploring one of the most discussed topics within the community, namely the high fees on the Ethereum network, CoinMetrics indicates that the costs now are roughly two-times higher than during the 2017/2018 run.However, the paper warned that the upcoming EIP-1559 upgrade might not solve the issues.Ethereum Fees: Then and NowThe Ethereum blockchain is arguably the most widely-utilized network in the cryptocurrency space. However, being the underlying technology of the two hottest...

Following another dip to $54,000, bitcoin has bounced off and has added over $2,000 of value. Some altcoins have registered even more impressive gains in the past 24 hours, led by Binance Coin’s 9% surge to $275.BTC Retakes $56KAfter the mid-week price slump when it dropped from over $57,000 to a three-week low of just above $50,000, bitcoin has been gradually increasing in value.Even the fears that the record $6 billion worth of options contracts that expired on Friday would insert enhanced...

After several years of investigation and court proceedings, the US District Court for the Southern District of New York granted a request by the CFTC to fine the mastermind behind a multi-million-dollar Bitcoin scam.According to an official press release issued by the CFTC. The Court ordered Benjamin Reynolds, owner of Control-Finance LTD, to pay more than $572 million in compensation for his fraudulent activities regarding a Bitcoin scam.Another Multi-Million Dollar Bitcoin Scam From 2017As...