Crypto news

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...

San Francisco-based cryptocurrency startup Anchorage is looking to Portugal to supply it with fresh talent to fill up its remaining positions.Anchorage Looks to Europe for WorkersWhy Portugal when the company is based on the U.S. west coast? Portugal is a country that’s rather excited about big tech. Thus, it should have the individuals the company needs to ensure its operations can go smoothly and by the numbers. Anchorage president and co-founder Diogo Monica explained in an interview:For...

The mining pool, which processed a mysterious Ethereum transfer carrying a needlessly excessive $2.6 million transaction fee, has announced it will distribute the millions among its miners.Bitfly, which operates the Ethermine mining pool, announced the decision on Monday, stating that four days is long enough for someone to have come to claim it.Miners Will Keep $2.6 Million Ethereum FeeAs announced by BitFly via Twitter on June 15:As the sender of the transaction https://t.co/h21A2Th4fw has...

The creators of blockchain gaming universe, Kronoverse, have explained the reasoning behind their migration from Ethereum (ETH) to Bitcoin SV (BSV).According to a recent official blog post, the Kronoverse team said that it could no longer wait for the much-anticipated arrival of Ethereum 2.0 to solve its pressing scaling problems.Kronoverse Can’t Wait for Eth 2.0The Kronoverse aims to become an interconnected metaverse of numerous disparate blockchain games. Previously to be built on the...

No doubt bitcoin has been moving through hoops and tunnels since the coronavirus took hold of the global economy, but thanks to companies like Grayscale, it doesn’t look like the currency is about to lose its steam anytime soon.Grayscale Is One of Many Companies Supporting BTCBack in March, the currency saw its price fall into the mid-$5,000 range. This was after it had spent the whole previous month trading for well over $10,000, a price the currency hadn’t seen in roughly half a year. From...

The stablecoin market continues to see explosive growth this year, hitting record highs. Findings reveal that the total supply for all stablecoins has surpassed the $11 billion mark, doubling its value since February.100% Growth in 4 MonthsThe market cap for stablecoins was just a little above $5 billion in January, and the number grows to $5.65 billion in February. Following the bloodbath in the crypto market on March 12, the stablecoin supply record unprecedented growth, racing to $10.4...

Interest in bitcoin options appears to be skyrocketing, and why shouldn’t it be? After all, everyone – including both retail and institutional investors – are looking to bitcoin and crypto as a means of hedging their wealth as coronavirus cases spike and the Fed continues to print additional money.Bitcoin Options Are Expanding Like Never BeforeOver the past three months alone, CME Group in Chicago is a standout as far as growth goes, shooting up from $4 million to about $373 million in...

XRP dropped by a total of 8% over the past week as the coin fell to the $0.183 level.This weekly price decrease has caused XRP to plunge beneath the descending triangle pattern that it was trading within.Against Bitcoin, XRP penetrated beneath the 2070 SAT support as the buyers battle to defend 2022 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.187, $0.192, $0.2.XRP/BTC:Support: 2022 SAT, 2000 SAT, 1950 SAT.Resistance: 2071 SAT, 2100 SAT, 2200...

€100 million Venture Capital fund focused on blockchain investments called Meta Change Capital (MCC) was launched today. The London-based V.C. fund will focus on investing in the blockchain sector, primarily in underdeveloped markets.€100M V.C. Fund To Invest In BlockchainThe people behind the V.C. fund are Nikola Stojanow and Luka Sucic. Stojanow is an industry veteran as the co-founder of Lichtenstein-based æternity blockchain and creator of A.E. Ventures. Sucic used to serve as the head of...

A weekly close beneath $0.075 and the 3-month trend line suggest a strong correction.The price dropped by 8.5% following a weekly bearish close around $0.07.XLM/USD: Stellar Broke Below 3-Month Trend LineKey Resistance Levels: $0.0738, $0.080, $0.086Key Support Levels: $0.0627, $0.0523, $0.045XLM/USD. Source: TradingViewThe latest dump in the entire crypto space has caused a significant loss in Stellar’s price over the past hours. Earlier this month, it traded as high as $0.086 after seeing a...