Crypto news

ADA price found support near $0.2780 and recovered above $0.3200 against the US Dollar.The price is now facing hurdles near $0.3500 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).The price is likely to start a fresh increase if it clears the key $0.3600 resistance zone.Cardano price is holding gains above $0.3200 against the US Dollar, while bitcoin is declining. ADA price is...

The Chicago-based company has increased its position to GBTC by about 24% from October to late December, according to a recent filing with the US Securities and Exchange Commission. The financial institution now owns 30,454 GBTC shares.Founded in 1908 in Chicago, Rothschild Investment Corporation is a registered financial brokerage, dealer, and a member of SIPC and FINRA. However, it’s worth noting that the company broke out from the Rothschild family dynasty more than four decades ago, after...

The current frenzy in the crypto sphere has instigated arguments surrounding bitcoin’s capacity to replace fiat currency, and notable individuals in the conventional banking sector have recently expressed their opinions on the subject.Central Bank executives Weigh in on the Future of CryptoAbout two weeks ago, the president of the European Central Bank, Christine Lagarde, called for the regulation of bitcoin, claiming that the digital asset is being used to facilitate money laundering...

Ethereum price traded to a new all-time high at $1,478 before correcting lower against the US Dollar.ETH price is currently testing the $1,330 support and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $1,200 on the 4-hours chart (data feed from Coinbase).The pair could eye a fresh increase above the $1,400 and $1,450 resistance levels.Ethereum price is trading in a bullish zone above $1,200 against the US Dollar. ETH/USD is likely to make...

China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its edge when it comes to extracting new crypto units.China Is Starting to Lose Its EdgeRight now, the prices of mining machines and related equipment have surged like there’s no tomorrow in China given how rare...

Bitcoin has been booming as of late, but according to one investor – who wishes to remain anonymous – this isn’t the best time to buy.Anonymous Investor: Buy Bitcoin When People Aren’t Speaking About ItAt first glance, one can understand where these words are coming from. After all, if something is spiking like there’s no tomorrow, the natural idea is that the asset will likely take a dip sometime in the future. That would likely be the best time to buy considering one can get it at a lesser...

The Singaporean private banking arm of OCBC Bank has dismissed the chances of cryptocurrencies eventually replacing fiat currencies as a medium of exchange. However, the large institution believes that BTC and other altcoins can replace gold in terms of serving as a store of value.Cryptocurrencies: Store Of Value; Not Medium Of ExchangeEver since the introduction of Bitcoin in the late 2000s, people have wondered if the cryptocurrency could indeed live up to the potential of operating as an...

What exactly has got everyone so crazy and obsessed with bitcoin as of late? Sure, the asset has been spiking like there’s no tomorrow and there’s a real possibility of becoming rich by getting involved in BTC, but there seems to be more that’s driving everybody’s taste for it.People Love Their Bitcoin; Analysts Explain WhyAccording to several industry experts, there are several aspects of bitcoin that have potentially dug themselves into people’s hearts and minds. Per science professor and...

Earlier today, Bitcoin price managed to rise by over $2,000 as it bounced from $32,800 to reach a daily high of around $34,900, according to BItstamp. However, as of writing these lines, BTC failed to hold and retraced down below the crucial support turned resistance level of $34,000.As of writing these lines, Bitcoin had failed to close the 4-hour candle above the resistance at a short term bearish .5 Fib Retracement of $34,450. As of now, it struggles to maintain the critical area of...

The leading cryptocurrency asset manager, Grayscale Investments, has donated $1 million to the non-profit think tank focused on public privacy in the crypto ecosystem – Coin Center. Additionally, Grayscale has vowed to match every other donation up to $1 million through February 2021.Grayscale Donates $1M To Coin CenterBased in Washington, DC, Coin Center is a non-profit research and advocacy center aiming to resolve public issues within the cryptocurrency field and decentralized computing...