Crypto news

ADA price started a downside correction after it failed to settle above $0.1350 against the US Dollar.The price is currently trading below the $0.1300 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.1298 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but the $0.1150 and $0.1120 levels are likely to protect losses.Cardano price is correcting gains after a strong rally against the US Dollar and...

Litecoin price started an upside correction from the $41.50 support zone against the US Dollar.LTC price is now trading well below the $42.50 level and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $44.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could struggle to clear the $44.50 and $45.00 resistance levels in the near term.Litecoin price is slowly moving higher towards $45.00 against the US...

It looks like interest in bitcoin may be on the lower end of the spectrum, which is likely giving the world’s number one digital currency by market cap an opportunity to edge its way into bullish territory according to some analysts.Affection for Bitcoin Appears to Be SlippingThe third bitcoin halving took place during the first half of May, and despite all the hype and hoopla surrounding the event, it really didn’t amount to much. In fact, more occurred during the actual leadup of the event...

Elon Musk is back at it again, trolling Dogecoin and getting the “joke” currency to pump like mad over the weekend.Dogecoin Really Surged Over the WeekendIn a series of tweets, Elon Musk got people interested in Dogecoin by posting a meme related to the currency. This, naturally, got a lot of people talking and caused the currency’s price to shoot up by more than 16 percent. Dogecoin ultimately rose eight percent further the following day after Musk fired another tweet at the currency...

Ethereum co-founder Vitalik Buterin admitted in a tweet that the higher transaction fee on the second-largest blockchain network is opening the door to security risks. However, he said that the fee market reform EIP 1559 will solve this.Higher Transactions Fees Vs. Block Reward Encourage Malicious MiningIn a recent tweet, Buterin said that the transaction fee revenue had got closer to 50% of the block reward revenue on Ethereum.Transaction fee revenue is now nearing half as high as block...

It looks like bitcoin has reached a new pinnacle in the U.S. government. For a long time, many Americans have been worried that the country is looking to shut down bitcoin operations, but now it looks like these fears are ready to subside.Bitcoin Is Likely Here to StayFigures like current president Donald Trump have stated in the past that they aren’t fans of bitcoin given that they thought the currency’s value was based on thin air. In addition, according to John Bolton’s book, Trump has...

Chainlink’s price decreased by 7% overnight.It may resume the uptrend if the previous monthly breakout level can hold as support.LINK/USD: Price Holding Above $7.1Key Resistance Levels: $7.83, $8.2, $8.9Key Support Levels: $7.11, $6.86, $5.7LINK/USD. Source: TradingViewEarlier this month, Chainlink saw an impressive 95% surge to reach $8.9 on July 16 after finally claiming the crucial $5 resistance-turned-support level that suppressed bullish actions in the weeks before. Today, however, LINK...

Following reports that Russia may introduce new legislation that would essentially criminalize cryptocurrency usage, a recent document revealed that the country is reviewing an updated version of the “Digital Financial Assets” (DFA) bill that excludes criminal allegations.No Prison In Russia For Cryptocurrency Usage?As CryptoPotato reported recently, members of Russian’s lower house (the State Duma) contemplated new strict legislation on cryptocurrencies.The first reading of the DFA bill...

XRP saw a nice 1% price hike today as the coin edges back toward $0.20.It has been trying to reclaim $0.2 for the past 10-days but has failed on each attempt.Against Bitcoin, XRP continues its recovery as it found strong support at 2100 SAT.XRP/USD: XRP Bulls Struggling To Reclaim $0.2Key Support Levels: $0.192, $0.18, $0.175.Key Resistance Levels: $0.20, $0.21, $0.215.At the start of July 2020, XRP rebounded from the support at $0.175 (.5 Fib Retracement) as it pushed higher to reach the...

Decentralized finance (DeFi) is all the rage in 2020 as projects in the field continue to explode. The total value locked in lending protocols has skyrocketed throughout the year.And while there are plenty of exciting projects, one seems to stand out with its unique approach.The project in question is Ampleforth (AMPL). It addresses a few problems that even Bitcoin, being the primary and most widely-adopted and perhaps, understood, cryptocurrency, has.But for AMPL to make sense, let’s dive...