Crypto news

Litecoin price started a steady decline from the $125 resistance zone against the US Dollar.LTC price even declined below the $100.00 level and spiked below the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $108.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to find a strong buying interest near the $92.40 and $90.00 levels.Litecoin price is slowly moving lower from well above $110.00 against the US...

After shocking the crypto-verse with what is possibly the most ambitious lawsuit in the history of the U.S. crypto industry (accusing Ripple of issuing unregistered securities for more than $1.3 Billion), today the country’s regulators issued a major statement regarding how they foresee the future of stablecoins and, spoiler alert, the landscape looks heavily regulated.On December 23, 2020, The President’s Working Group on Financial Markets released a statement on critical regulatory issues...

Bitcoin just keeps surging and surging, and with no end in sight, many analysts have become major fans over the last few weeks and months. Some are even claiming that the asset is going to reach new highs that many people never though possible. One of these individuals is Garrick Hileman, the head of research at Blockchain.com.Garrick Hileman Is Convinced of Bitcoin’s ProwessAt the time of writing, bitcoin’s market cap is at around $440 billion, though Hileman is convinced that a $1 trillion...

Following news of the legal action, which alleged that Ripple had been conducting unregistered securities offerings worth $1.3 billion, the price of XRP plummeted heavily.But things are getting worse for the cryptocurrency. The drastic fall in price was just one of XRP’s problems as several crypto trading companies have quickly moved to disassociate themselves from the cryptocurrency to avoid getting hammered by the U.S. regulator. These companies have either delisted XRP or suspended support...

Bitcoin, at the time of writing, is trading for just shy of $24,000 per unit. The world’s most popular and most powerful digital currency is making its way up the financial ladder like it never has before, but despite the mega surges the cryptocurrency has encountered, they are nothing compared with the monster jumps being experienced by some of the world’s smaller, yet leading altcoins, some of which include Ethereum, Stellar, Ripple’s XRP and Litecoin.Altcoins Are Taking the StageRight now,...

The Treasury Department is looking to apply the same rules to cryptocurrency that they do to standard fiat transactions.Treasury Department Seeks to Limit Non-Hosted Wallet ActivityThe idea is to gather more information regarding the identities of those who engage in large crypto transfers and thereby potentially identify criminals and lawbreakers. Specifically, the Treasury Department is looking to potentially uncover the identities of those who may possess wallets that are not hosted by...

Bitcoin bulls need to make sure the daily price closes above $23,850 today, or else a double top will form on the BTC/USD chart (see below).Double tops are bearish reversal setups that tend to result in strong downtrends. They form when an asset fails to breach the same resistance level twice in a short period of time. The second rejection signals to the market that bullish momentum has run out and that a shift in trend is about to occur.There’s also an obvious RSI divergence (yellow line)...

Three months after registering Hashed Venture Fund I, the blockchain-focused investment group Hashed has already raised $120 million. The organization plans to utilize the funds to invest in the blockchain space and other fintech companies focused on protocol economy.Hashed Has Raised $120M In Three MonthsBased in Seoul, North Korea, Hashed’s mission is to enhance the mass adoption of blockchain technology and also to provide research and advisory services to companies in the field.In a press...

Those who were looking forward to an altcoin season would certainly have to wait longer as Bitcoin’s dominance continues to surge. Meanwhile, the majority of cryptocurrencies are bleeding heavily against BTC.Bitcoin Tops $24,000 in a Massively Volatile DayThe volatility on the cryptocurrency market continues as most coins see tumultuous performance throughout the past few days.Bitcoin is no exception. Today’s candle is indicative of it. The price reached a low of around $22,800 on Bitstamp,...

Switzerland’s SEBA bank successfully completes a series B fundraiser, giving further merit to the notion that the country is becoming a hub for cryptocurrency business.Another Successful FundraiserThe Swiss start-up bank has officially completed its second stage of capital fundraising. The institution which sells cryptocurrencies to its customers has been planning the Series B phase since January this year.According to an official publication, the bank has just executed its Extraordinary...