Crypto news

Billionaire US investors and writer Howard Marks is among the latest prominent individuals to warm up to bitcoin. In a recent interview, he regretted calling the cryptocurrency “unfounded fad” by saying that his comments were a “knee-jerk reaction without information.”Marks Changes his Tune on BTCBeing a relatively new invention aiming to revolutionize the stagnant traditional financial industry, bitcoin was the subject of numerous attacks, neglections, or mere dismissals.However, its...

Just a few months after America’s oldest bank announced bitcoin custody services, the Wall Street giant Morgan Stanley will start offering its clients access to BTC funds. Nevertheless, the bank has outlined bitcoin’s risky nature and said that only people with “an aggressive risk tolerance” should take advantage of the service. By citing an internal memo sent by Morgan Stanley to its financial advisors, CNBC reported the significant milestone in BTC’s adoption cycle earlier today. The...

Well, after all this talk and chatter, it looks like India is ready to make its cryptocurrency ban official, and anyone who steps out of line will pay penalties and may even serve jail time. India Is Looking at a Full Crypto Ban Soon India has had a very up-and-down relationship with bitcoin and the cryptocurrency space. The country initially banned all crypto businesses from obtaining access to standard financial services back in the year 2018. While trading crypto...

XRP/USD – Bulls Continue Battle To Break Falling Trend Line.Key Support Levels: $0.453, $0.42, $0.4.Key Resistance Levels: $0.5, $0.556, $0.6.XRP has been trading inside a falling wedge pattern for the past month as it struggles to break the upper boundary of the formation. It had rebounded from the lower boundary of the wedge at the start of March but failed to surpass $0.5, the upper boundary, over the past fortnight.XRP fell beneath support at $0.453 (.5 Fib) as it dropped to $0.4 (.618...

Institutional investors employing the services of Grayscale Investments would have the option to choose from five new product additions. Namely, those are Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).  The company’s recently-appointed CEO, Michael Sonnenshein, broke the news on Twitter earlier today. Upon the addition of the five aforementioned coins, the total number of Grayscale Trusts has grown to 14.  Sonnenshein explained that...

Cardano’s founder Charles Hoskinson is the latest to address the growing threat of fake cryptocurrency giveaways. He blamed social media platforms like Twitter and YouTube for inaction, threatened to delete his accounts, and said his company will investigate if these giant firms are actually benefiting from the ongoing scams.The Growing Threat of Crypto Giveaway ScamsGiveaway scams have skyrocketed in popularity in the past several years. Their method of operation is quite simple but,...

The short-term bearish momentum for Bitcoin continues, following another 3.5% price decrease today as the cryptocurrency dropped by a total of $2,000 into the $55K zone.BTC had been performing well last week as it followed a steep ascending price channel and even managed to create a fresh ATH over the weekend at $61,780 (according to Bitstamp). From, there, it started to head lower as it broke beneath the ascending channel on Monday.The cryptocurrency found support at $54,560 (.382 Fib) on...

Retail interest for Ethereum has been growing gradually in the past several weeks, at least judging by the new record levels of smaller addresses holding ETH portions.Additionally, the total value locked in the ETH 2.0 Deposit Contract has also reached a fresh ATH of over $6.2 billion worth of the token.ETH: Retail Purchase, Whales SellThe Ethereum network, the underlying technology behind some of the most booming crypto fields lately – NFT and DeFi – has enjoyed a gradual increase in...

Tron price is consolidating in a range above the $0.0480 support against the US Dollar. TRX price is now trading above the $0.0500 support and the 55 simple moving average (4-hours). There was a break above a connecting bearish trend line at $0.0510 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0545 and $0.0550 resistance levels in the near term. TRON price is trading in a range above $0.0480 against the US Dollar,...

Bitcoin price started a downside correction from well above $60,000 against the US Dollar. The price is now trading near the $55,000 support and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $54,550 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue higher if it clears the $58,000 and $58,200 resistance levels in the near term. Bitcoin price is holding a major...