Crypto news

Ethereum increased by 4% over the past 24 hours as it now trades at $233.The cryptocurrency spiked lower yesterday as it broke beneath a rising trend line, but the buyers quickly regrouped to push ETH above it before the close.Against Bitcoin, Ethereum fell into the support at 0.00243 BTC and rebounded from there.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $205.Resistance: $250, $265, $274.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.0235 BTC.Resistance: 0.0253 BTC, 0.026...

Ren, the open-source protocol enabling permissionless and private transfers of value between any blockchain, launched its mainnet and a dApp utilizing it within a few weeks.Interestingly, the protocol’s native cryptocurrency REN has gained more than 40% of value in the same period.Ren Launches RenVM MainnetThe blockchain-based company announced the release of its RenVM Mainnet in late May, asserting that it’s the “beginning of a cross-chain era for DeFi,” as it “brings interoperability” to...

Chainlink broke down from a channel after reaching $4.9 during a three-month rally.Against Bitcoin, it started to form a symmetrical triangle pattern after recording a yearly high at 56739 SAT in March.LINK regained momentum with an 8% surge overnight.LINK/USD: Chainlink Dropped Off Short-Term ChannelKey Resistance Levels: $4.25, $4.5, $5Key Support Levels: $3.5, $3, $2.8LINK/USD. Source: TradingViewFollowing Bitcoin’s crash to $8900 yesterday, Chainlink’s price dropped by almost 5% to a...

The Jakarta Metro Police have arrested US national Russ Albert Medlin, considered to be the unofficial owner of the large cryptocurrency Ponzi scheme BitClub Network. The police acted after receiving a tip that Medlin has been involved in a child prostitution ring.BitClub Network Owner Arrested In IndonesiaThe Jakarta Metro Police’s Cyber Crimes Directorate captured Medlin in Kebayoran Baru, South Jakarta, on Sunday, a report informed. On the day of the arrest, police officers intercepted and...

The Republic of Kazakhstan continues to maintain its bullish stand on cryptocurrencies and crypto mining operations. The central Asian country is planning to attract millions of dollars of investments to its domestic crypto industry within the next three years, local media reported Tuesday.Askar Zhumagaliyev, Kazakhstan’s Digital Development, Innovation, and Aerospace Industry Minister, made this known while addressing the Senate in a June 11 plenary session.Crypto And Mining Are Part Of...

Arthur Hayes, the CEO of one of the leading Bitcoin derivative exchanges, BitMEX, has once again slammed a cryptocurrency for being a “shitcoin.” This time it was Bitcoin Cash (BCH) that’s under his radar.BitMEX Listing BCH/USD Perpetual ContractIn an announcement from June 01st, 2020, BitMEX revealed that it’s going to launch a BCH/USD perpetual swap contract with up to 25x leverage. Today, the contract went live.“This is the fourth quanto contract to be launched on our platform and follows...

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A recent survey compiled by the cryptocurrency exchange BitMax indicates that the Japanese are quite fond of Ripple (XRP). Having to choose which their favorite digital asset is, most participants placed XRP close to Bitcoin and well above Ethereum.Japan Adores Ripple (XRP)The popular Japanese exchange posted the survey on Twitter to check among its followers which are their most preferred cryptocurrencies.BitMax Cryptocurrency Survey. Source: BitMaxSomewhat expectedly, the largest...

Tron price is recovering nicely and trading well above the $0.0150 support against the US Dollar.TRX price is showing positive signs above the $0.0155 and $0.0160 levels.There was a break above a key bearish trend line with resistance near $0.0160 on the 4-hours chart (data feed via Bitfinex).The pair is likely to continue higher if it clears the main $0.0170 resistance zone.TRON price is slowly moving back into a positive zone against the US Dollar, similar to bitcoin. TRX price must break...

Ethereum price is recovering nicely from the $218 support zone against the US Dollar.ETH price must break the $235 resistance zone to continue higher in the near term.There is a key bearish trend line forming with resistance near $235 on the 4-hours chart (data feed from Coinbase).The pair could either rally above the $235 resistance or it might restart its decline below $225.Ethereum price is attempting a key upside break above $235 and $240 against the US Dollar. ETH/USD is likely to...