Crypto news

Canaan Creative has some monster-sized decisions to make if it wants to stay in business and compete with the likes of Bitmain and other mega mining ventures.Canaan Creative Isn’t Where It Needs to BeCanaan Creative is arguably the second-largest crypto mining firm in China after Bitmain, and yet the company isn’t doing so hot since the halving. Stock shares in the company have fallen well below the two-dollar mark, suggesting that people just aren’t interested in the company’s equipment – or...

Blockchain project Ontology Network has partnered with Switzerland’s leading crypto-financial service provider, Bitcoin Suisse AG, to strengthen the European and Asian ecosystems.Ontology is a high-performance platform that supports collaboration among public blockchain and distributed ledgers that can be customized for different applications.Cross-market CollaborationThe partnership allows Bitcoin Suisse to list Ontology’s native token, ONT, for trading on its exchange, and in return,...

Bitcoin has been up and down these last few days, but many major investors are not worried, and several of them believe that the currency is on its way to new heights.Bitcoin Is Showing Signs of RecoveryAt the time of writing, the world’s number one digital currency by market cap has shot up to $9,500 again – a solid rise from yesterday’s 9,000 (a new low accomplished during the early morning). By yesterday’s mid-afternoon, the digital asset saw itself trading at roughly $9,400 again, meaning...

A local report indicates that South Korea’s Minister of Finance and Economy believes that the country should impose a tax on cryptocurrency trading and investing. He added that South Korea has been discussing with other countries the introduction of a new digital law.South Korea To Impose Tax On Crypto?The Asian country has been rather indecisive regarding whether or not to tax cryptocurrency profits. At the start of the new decade, the Ministry of Economy and Finance said that the existing...

XRP saw a 2.7% price increase today as it attempts to reclaim $0.2.The cryptocurrency remains within the confines of a descending triangle formation.Against Bitcoin, XRP rebounded from the support at 2022 SAT to reach the current 2074 SAT level.Key Support & Resistance LevelsXRP/USD:Support: $0.192, $0.187, $0.18.Resistance: $0.20, $0.207, $0.22XRP/BTC:Support: 2022 SAT, 2000 SAT, 1950 SAT.Resistance: 2100 SAT, 2200 SAT, 2360 SAT.XRP/USD: XRP Triangle Re-EmergesXRP can still be considered...

Bitcoin recorded its lowest interest level in 3 months, according to recent data from Google Trends. Interest in the leading cryptocurrency started fading away since the completion of Bitcoin’s third halving.Interest In Bitcoin Lowest Since MarchBitcoin started receiving a lot of attention in January when news about the COVID-19 got to the mainstream.The trend continued to mid-March when Bitcoin crashed alongside the global stock market due to the pandemic effect. As usual, the massive price...

A popular blockchain security company finally revealed who was the sender of last week’s Ethereum transactions with abnormally high fees.Reportedly, it’s a small South Korean cryptocurrency exchange that pays little to no attention to its security protocols.The BackstoryLast week, CryptoPotato reported on two transactions with abnormally high fees that took place on Ethereum’s network. Both of them were sent out from the same address. The first carried 0.55 ETH and paid a fee of 10,668 ETH,...

CRO found support around $0.1, but it is still shaky to provide a strong rebound.It is now ranked 11th by market cap, following 260% growth in three months.Against Bitcoin, CRO buyers appear exhausted after five weeks of parabolic movements.CRO/USD: CRO Exhausting Bullish MomentumKey Resistance Levels: $0.1165, $0.1176, $0.1193Key Support Levels: $0.11, $0.105, $0.1CRO/USD. Source: TradingViewThe steady increase in CRO’s price has been quite impressive and significant, with about 260% gains...

The leading cryptocurrency exchange, Binance, will launch a trading platform in the United Kingdom this summer, a recent report informed. It will allow both retail and institutional investors to use the platform, which will be regulated by the UK Financial Conduct Authority.Binance Goes To The UKAccording to today’s Reuters report, the popular cryptocurrency exchange will begin operations in the UK this summer with up to 65 digital assets initially and more to be added in time.The UK-based...

[PRESS RELEASE]The TRON Foundation has recently announced the launch of its first decentralized finance (DeFi) project called JUST.It’s essentially a decentralized stablecoin lending platform. TRX holders will be able to participate and govern the issuance of a new stablecoin called USDJ, the value of which will be pegged to the US Dollar 1:1.JUST (JST), on the other hand, is the protocol and the governance token of the JUST Network. Those who hold JST will be able to vote on the issues which...