Crypto news

As ETH’s price settles around $1,800 following the latest slumps, Ethereum investors continue to withdraw their holdings from centralized exchanges. Consequently, this has led to a new low of ETH tokens held on such trading venues, according to on-chain data.ETH Held on Exchanges Mark a New LowData provided by the analytics company CryptoQuant informed that the number of Ethereum tokens held on centralized exchanges has been gradually decreasing since the last quarter of 2020. At the time,...

ADA price failed to correct above $1.100 and extended its decline against the US Dollar. The price is now consolidating near the $1.000 support and well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.100 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of a sharp decline below the $1.000 and $0.9800 support levels. Cardano price is showing bearish signs below $1.100 against the...

Ethereum price traded as high as $1,947 before starting a downside correction against the US Dollar. ETH price is currently trading near the $1,700 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,720 on the 4-hours chart (data feed from Coinbase). The pair could decline heavily if there is a clear break below $1,720 and $1,700. Ethereum price is correcting gains from well above $1,900 against the US...

A man in Washington named Malachi Salcido is being sued by multiple investors who claim he falsely touted himself as a crypto mining expert. Malachi Salcido Is Being Sought for Misuse of Funds Salcido allegedly owned a company called Step Change, which was built to mine and extract new digital coins. Investors plunked down as much as $8.5 million into the company, only to see it completely dissolve not long after. They are now out all that money and say they were lied to...

Young Americans want to buy bitcoin, and they will use the stimulus checks to do so, said Galaxy Investment Partners’ CEO Mike Novogratz. He added that the primary cryptocurrency had become a proven asset in the past few months with the entrance of giant institutions and corporations.Retail Pushed Bitcoin Higher, Says NovogratzThe first-ever cryptocurrency went on a wild run in the past few days. During the weekend, bitcoin broke its previous ATH, breached above $60,000, and marked a new...

We’ve seen many instances where celebrities – whether they be actors, athletes, etc. – get involved in the cryptocurrency scene, from Kanye West to Floyd Mayweather and DJ Khaled. Now, it looks like actor, host and former NFL star Terry Crews is dipping his fingers into the crypto pot. The star of “The Expendables” and host of “America’s Got Talent” has announced he’s minting his own digital coin. Terry Crews Has Entered the Crypto Forum with $POWER The asset has come by...

Sam Trabucco, a quantitative cryptocurrency trader, part of the Alameda Research team, took it to Twitter today to reveal that the company is in no way affiliated with REEF Finance. This came as a shock to the community, following a marketwide announcement last week that the latter had invested $20 million in REEF as a strategic placement and future communal initiatives.CryptoPotato received word from the CEO of REEF Finance, who explained what happened, in their view.Sounding the Alarm: Sam...

MicroStrategy – after months of buying bitcoin and crypto – has decided to continue this run of excessive digital asset spending and has just purchased an additional $15 million worth of the world’s number one digital currency by market cap. The company now owns nearly $5 billion in bitcoin and is arguably the most bitcoin-centered institution out there. MicroStrategy Has Bought Another $15 Million in BTC The news is certainly positive in the sense that we all know...

PancakeSwap, the largest and most popular decentralized cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, might have had its DNS hijacked. Cream Finance is also under attack.In a tweet shared minutes ago, PancakeSwap’s official account revealed that the platform might have had its DNS (Domain Name System) hijacked.Until we are able to confirm this is not the case, do not use the site. We will confirm ASAP. In the meantime, better safe than sorry. – The team...

The rapid growth of the cryptocurrency industry and the COVID-19-induced crisis have changed the mind of Australia’s Reserve Bank on launching its own CBDC. The bank’s governor Philip Lowe recently confirmed that the organization is conducting research and exploring the benefits of releasing such a product.RBA to Launch a CBDC?During the past several years, multiple banks said they were looking into launching a central bank digital currency to reduce the usage of paper money. One study from...