Crypto news

Ripple price is currently correcting higher from the $0.1840 support zone against the US dollar.The price is facing a strong resistance near the $0.1900 level and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $0.1900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could either rally above the $0.1920 resistance or start another downward move.Ripple price is trading in a bearish zone below the $0.1920...

Many have gone back and forth regarding how to classify bitcoin. Is it money? Is it simply a speculative asset? How can it be used, and what are most people supposed to do with it when cash and credit cards remain so prominent?Bitcoin Is Money, According to Fed SentimentAccording to economists at the New York office of the Federal Reserve, bitcoin is like an extension of fiat money. In other words, it’s not a new type of money or even necessarily a new coin. Rather, it’s being described as an...

Isaiah Jackson is the author of a book called “Bitcoin and Black America.”Jackson: The Black Community Needs New Financial PoliciesIn a recent interview, Jackson discussed what bitcoin and cryptocurrencies could potentially do to push the African American community forward. He’s adamant that the methods of America’s current financial system do not always pertain to African Americans, and he thinks the community needs its own policies and coins to do business and survive.He comments:We have...

The sudden jump of total value locked on the DeFi platform Compound has caused a flippening event in the decentralized finance sector. The TVL on Compound surpassed MakerDao’s as of yesterday, and the gap continues expanding today.Compound Overtakes MakerDAOMakerDAO has been the predominant force for total value locked for years, according to data from the DeFi monitoring resource – DeFi Pulse. Its influence over the entire marker was so unambiguous that the website tracked “Maker Dominance,”...

Bitcoin is going through a strange time. As this article is being put out, the world’s number one digital currency by market cap has dropped into the $9,200 spot, meaning it has lost about $200 from its price over the past few days, but other coins – altcoins like Compound – are booming, and reserving places for themselves in the top regions of the crypto market.Compound Is Surging Like No Other CoinAt the time of writing, the Compound token has spiked by more than 250 percent, which means...

Binance is currently the world’s leading cryptocurrency exchange by means of the trading volume. Launched in 2017, the company has managed to become a standard in the industry quickly.Despite its fast phase growing, the giant exchange launched Binance Futures, the cryptocurrency derivatives trading platform of Binance, only in September 2019. Binance Futures allows users to trade Bitcoin and leading altcoins with leverage as high as 125x.In the months following the launch, Binance Futures...

While Bitcoin encountered lots of turbulence in the past three years, people’s perception regarding the primary cryptocurrency has improved significantly, a recent study revealed. By comparing data from 2017 and April 2020, it concluded that more people are ready to trust it over traditional financial institutions and assets, especially after the COVID-19 pandemic.2017 Vs. 2020 Millennials Love BitcoinThe Tokenist compiled the survey among nearly 5,000 participants in 17 countries. The...

Vitalik Buterin, the co-founder of Ethereum, has recently stated that interest rates on decentralized finance protocols that are significantly higher compared to those in traditional finance come with unstated risks attached.Vitalik Buterin on High DeFi Interest RatesThe co-founder of Ethereum and one of the most prominent members of the cryptocurrency community, Vitalik Buterin, recently took it to Twitter to comment on high yields and interest rates associated with Decentralized Finance...

Over the past two days, Bitcoin (BTC) price maintained the same $9200 – $9500 trading area that followed its price action for quite some time.Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already.As we can see on the following 4-hour chart, the Bitcoin price is forming a giant symmetrical triangle for almost a month. This triangle apex is expected sometime in the next week; however, a breakout can occur at any...

It looks like bitcoin SV (BSV) and cryptocurrency exchange Binance – the largest and most popular cryptocurrency trading platform by daily volume – are at each other’s throats.BSV Is Angry About Binance’s DecisionsThe two companies are fighting with each other over Binance’s decision last year to delist the new cryptocurrency token made popular and consistently promoted by Australian tech entrepreneur Craig Wright. Jimmy Nguyen – the president of bitcoin SV (Bitcoin Satoshi Vision) – has said...