Crypto news

The giant social media platform Twitter has announced plans to raise $1.25 billion through a convertible senior notes offering. Although the company breached “corporate purposes” as the main reason, cryptocurrency proponents speculated if the firm could pull a MicroStrategy and allocate the funds in BTC.Twitter to Raise $1.25BAccording to a press release from earlier today, Twitter will offer a $1.25 billion aggregate principal amount of convertible senior notes due in 2026. The endeavor will...

A few months following a Cardano integration, the DLT project Wolfram Blockchain Labs (WBL) has done the same with Tezos. As a result, developers working on blockchain analytics and computational contracts will be able to employ the Tezos network.WBL Integrates TezosWBL is a provider of distributed ledger technology (DLT) solutions that support the development of a wide variety of smart contracts and decentralized applications. It’s the blockchain subsidiary of Wolfram Research – the creator...

XRP/USD – Bulls Find Support At .618 FibKey Support Levels: $0.4, $0.35, $0.327.Key Resistance Levels: $0.45, $0.5, $0.556.At the start of last week, XRP was looking promising, reaching as high as $0.685 (1.272 Fib Extension). However, things changed quickly as soon enough the coin had dropped to around $0.56.From there, XRP started to head lower throughout the week as the overall market saw a downturn. It quickly collapsed beneath $0.5 and continued until the market found support at $0.4,...

FD7 Ventures, the cryptocurrency-oriented fund that recently vowed to dispose of its BTC holdings for ADA and DOT, has set up a $250 million micro-fund focusing on investments in teams working on the ecosystems of Polkadot and Cardano.FD7 Goes to India for DOT and ADABased in Dubai, UAE, FD7 is a crypto-oriented investment fund with over $1 billion in assets under management (AUM). The firm recently announced somewhat bold plans to dispose of $750 million of its BTC holdings and allocate the...

Tether, the company issuing the most widely-used stablecoin, USDT, has revealed that it got a ransom demand for 500 BTC. The sender has threatened the company to leak documents to the public that would “harm the bitcoin ecosystem.”Tether Gets a 500 BTC Ransom DemandTether, the issuer of the popular USDT stablecoin, took it to Twitter to reveal that someone had threatened to leak documents to the public in an attempt to “harm the bitcoin ecosystem.”The company explained that “forged documents...

Stellar lumen price started a sharp decline from well above $0.5000 against the US Dollar. XLM price is now consolidating well below $0.4500 and the 55 simple moving average (4-hours). There is a major triangle forming with resistance near $0.4490 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase if there is a clear break above the $0.4500 resistance zone. Stellar lumen price is correcting losing from $0.3400 against the US Dollar,...

Ripple price failed to stay above $0.5000 and declined sharply against the US dollar. The price is now trading well below the $0.450 zone and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $0.4320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue lower towards the $0.3500 support zone in the near term. Ripple price is started a fresh decline below $0.5000 and $0.4500...

Can you imagine having an album of your favorite artist, with a song made to your specifications and that only you could listen to it? How much would you pay for that privilege?The well-known American DJ 3LAU wanted to find out. His fans are willing to pay millions: Specifically, $3,666,666 for one song and over 11 Million collectively for an entire collection of digital art tokenized on the blockchain in the form of NFTs.Step Aside, Billboard!The auction for 3LAU’s Ultraviolet album...

What started out as a normal trading day for some PDAX customers led to a favorable turn of fortune, or so it seemed. Their euphoria may have been short-lived by a harsh reality check as the Philippine-based exchange prepares to take legal actions.Philippine Digital Asset Exchange (PDAX) suffered a flaw that led to bitcoin trading 88% below its actual price. The exchange reported that a surge in trading activity was the cause. At the time, bitcoin was trading north of $50k, but traders were...

At the time of writing, bitcoin – the world’s number one digital currency by market cap – isn’t doing so hot. The currency has fallen to about $46,000 per unit at press time, meaning it is now about $10,000 lower than where it stood during the early portion of last week. Things are not looking good for the asset, but how much of this is just part of a healthy correction? Bitcoin Has Taken an Ugly Dip As it turns out, things may be a little more extreme than normal. While...