Crypto news

Nearly 400,000 users of a Turkish cryptocurrency exchange were left out of their accounts without being able to withdraw their funds. The platform’s website has been down for several days, while reports suggest its CEO has already fled the country with up to $2 billion. Turkish Exchange Does a Rug Pull? Bloomberg reported yesterday that Thodex, a Turkey-based crypto exchange, has ceased trading, citing an “unspecified partnership transaction.” The founded in 2017 trading...

Reef Finance has announced that its Substrate-based mainnet will see the light of day in May 2021. Called Reef Chain, it promises to “make DeFi easy” by enabling developers to use a highly scalable and fully EVM-compatible network that’s integrated into the Polkadot ecosystem. Reef Chain Coming in May Reef Finance is a cross-chain DeFi operating system allowing traders to access liquidity from centralized and decentralized exchanges through its smart liquidity aggregator and...

[PRESS RELEASE – Please Read Disclaimer] 22nd April, 2021, Tallinn, Estonia – The world’s first licensed Bitcoin-led casino operator, Bitcasino, has added Cardano’s ADA cryptocurrency as a payment method, allowing its holders to enjoy the casino’s wide range of games. Why Cardano? Cardano was launched as an open-source, public blockchain in 2017, powered by its own internal cryptocurrency, ADA. Cardano has quickly become one of the world’s most successful blockchain...

It has taken the second-largest cryptocurrency by market cap less than a week to break above its ATH record. Ethereum has jumped by more than 10% on a 24-hour scale and spiked north of $2,570.  CryptoPotato reported over the weekend the steep market-wide retracements in which all digital assets saw $360 billion evaporated from the market capitalization.  Ethereum was no exception. It had come off right after its record at the time of just shy of $2,550 and plummeted by...

Bitcoin continues to struggle after getting rejected retesting the critical 50-days moving average (MA) line yesterday. Unless BTC closes above $56,900, which now seems far away, we are going to witness the first full candle body or trading day below the significant level for the first time since October 7, 2020. Quick recap: During the steep price drop on Sunday, bitcoin had penetrated beneath the 50-days MA to reach as low as $51,400, where it found support at a .618 Fib...

A UK-based bank, NatWest, will reportedly halt serving customers who accept payments in bitcoin and other cryptocurrencies. The institution referred to recent warnings highlighted by the country’s financial regulator and said dealing with digital assets contains high risk. UK Bank Stops Working With Crypto Users According to The Guardian coverage, National Westminster Bank, known as NatWest, plans to bar serving all customers accepting crypto payments. Morten Friis, the...

EOS started topped near $8.872 and started a fresh decline against the US Dollar. The price is currently trading well below the $7.000 support and the 55 simple moving average (4-hours). There is a key contracting triangle forming with support near $6.200 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could either start a fresh rally above $6.70 or it might dive towards the $5.00 support. EOS price is holding a key support near the $6.00...

Litecoin price topped near the $335 level and corrected lower against the US Dollar. LTC price is now trading well below the $300 level and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $250 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower if there is a downside break below the $250 support. Litecoin price is showing bearish signs below $280 against the US...

The recent rise of ETH and the popularity of DeFi projects have caused a massive increase in transaction fees on the Ethereum blockchain. However, operating in Ethereum has become a real pain, and several alternative projects are trying to establish themselves as a better option for the markets. But can any of them become the Ethereum Killer? experts are not so sure. Weiss Crypto Ratings is Skpetical About “Wannabe ETH Killers” Weiss Ratings is a market analysis and risk...

Does the name Olaf Carlson-Wee sound familiar? If not, it really should. He was the first-ever employee at Coinbase, and he has got an interesting story behind his employment with one of the world’s largest and most popular cryptocurrency exchanges in the western hemisphere. Olaf Carlson-Wee Details How He Got Hired at Coinbase Now the founder of a large cryptocurrency hedge fund, Olaf got his start in the crypto space as an employee of Coinbase. He did not necessarily...