Crypto news

The government of Venezuela does not know what else to do to control its economy and is trying to save its financial life by doing what all the world governments are doing: printing more money… A lot of money.Sources close to the Venezuelan government revealed that the country’s Central Bank has just bought 71 tons of paper to print money. Experts believe this new batch of paper will supply the country’s demand for bills of the highest possible denomination: 100,000 sovereign Bolivars —or the...

Blocklete Games – a virtual sports experience that’s been established utilizing blockchain technology – has announced that patrons can pay for their services and products with cryptocurrency through Bit Pay.Blocklete Says “Yes” to Crypto PaymentsUsers of Blocklete Golf – a subdivision of the platform – can buy and sell digital golfers with Ethereum, bitcoin, bitcoin cash, Ripple or stable currencies. They can also play in various tournaments and win cash prizes. Digital athletes are collected...

It looks like Britain is set to fall behind when it comes to holding a strong presence in the crypto space. The country’s top financial watchdog announced yesterday that it would be banning the sale of crypto products to all retailers that work to track the prices of well-known digital assets such as bitcoin and Ethereum. The governing body claims that too many people have lost money on these assets, and thus they are dangerous and should not be in commission.Britain Seeks to Ban...

Bitcoin advocate John McAfee – the creator of the world’s biggest antivirus software – has been arrested in Spain. He has been charged with negligence and failing to file tax returns while living in the United States. To add insult to injury, the Securities and Exchange Commission (SEC) is suing McAfee over several phony cryptocurrency giveaways.McAfee Is Facing the DirtMcAfee has been one of the most controversial figures throughout the entire cryptocurrency space. He has often taken quite a...

Bitcoin has had a slow last few weeks, that’s for sure. It appears that the cryptocurrency is trading within a narrow range, unable to swing convincingly in either direction.This is reflected in its historic volatility, which has been falling quite a bit. In fact, it’s currently at a point where, usually, a huge move is inbound.Bitcoin Historic Volatility Low: Huge Move IncomingThose who’ve been following the cryptocurrency markets long enough know that there’s rarely a boring day. And, in...

[PRESS RELEASE]Orion, an ambitious defi project aiming at pooling the liquidity available on both centralized and decentralized exchanges, has partnered with Chainlink to bolster its offering with reliable price feeds. The oracles will enhance its aggregated exchange and decentralized brokerage functionalities.Chainlink’s Oracles to Make Orion Shine BrighterOrion is developing a trading terminal that will allow users to access liquidity from every available source for every exchange pair...

XRP/USD – Bulls Face Resistance at Bearish .382 Fib.Key Support Levels: $0.24, $0.236, $0.23.Key Resistance Levels: $0.251, $0.261, $0.271.XRP rebounded from a rising trend line on Sunday which saw the coin breaking above the 100-days EMA to reach the resistance at $0.251 (bearish .382 Fib Retracement). During this week, XRP managed to spike as high as $0.26 but is still yet to close a daily candle above the resistance at the bearish .382 Fib Retracement.Yesterday, after failing to break the...

The DeFi markets have had a rough few days over the past week. The majority of the cryptocurrencies centered in the space are trading well in the red.At the same time, the total value locked (TVL) in DeFi protocols has been on the decline over the past two days as well.According to DeFi Pulse, the TVL is down to $10.15 billion, at the time of this writing. This means that it lost over $1 billion since the beginning of October as the value reached $11.23 billion on September 30th.Building on...

Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders (whales) to create panic in the market and force weaker hands to sell. The induced rise in selling pressure creates more...

Social Capital CEO Chamath Palihapitiya doubled-down on his belief that Bitcoin investors should separate themselves from short-term price actions. He asserted that BTC operates in opposite to other financial assets and helps him sleep “soundly” at night.Palihapitiya: Bitcoin Is Fundamentally DifferentThe former Facebook executive has been a long-time Bitcoin proponent. Earlier this year, he said that his first BTC purchase came ten years ago when he bought one million bitcoins for about $80....