Crypto news

Grammy-nominated singer Akon has announced his entry into the cryptocurrency market. The vocalist is looking to create his own digital asset that will benefit those who cannot gain access to traditional financial services and tools.Akon Was Inspired by a Recent TripAkon has been a huge crypto fan for years. He first invested in bitcoin in 2014 but says that his full appreciation for crypto technology didn’t arrive until a few years ago when he took a trip from Dakar to Paris. In his pockets,...

Well, here’s something you don’t see every day. Bitcoin outranked by another coin… You may not believe it, but in China, that appears to be the case.China Isn’t Too Crazy About BitcoinChina has put out a list of its top digital currencies. It’s strange considering how strong of a presence bitcoin holds in the country, but according to the Center for Information and Industry Development (CCID) of China, bitcoin is only the 12th best coin available to traders. This is in sharp contrast to many...

Mainstream media Bloomberg has been doing some spendings in online advertisements to promote Bitcoin and cryptocurrency-related content.Spending Money To Promote BitcoinBloomberg is boosting its Bitcoin articles for more visibility on Facebook through paid promotion, according to an ad seen on the social media platform today.Although how long the media giant has been doing this remains unknown, the recent ad was promoting an article that was published on May 17, just a few days after...

The Fed has announced that it will be purchasing corporate bonds and ETFs, and the crypto community isn’t too happy about the decision.The Fed Comes to the Rescue Again?The choice comes following economic turmoil as the coronavirus has forced the United States – and several regions abroad – to shut down its businesses and operations so that people can avoid contracting the illness. The shutdown was designed to slow the spread of the virus, but now that things are opening up, the media...

On July 6-10, the record-breaking 5-day online conference in the field of blockchain technologies and business Digital Summit 2020 with more than 30  international speakers will unite at least 25 000 participants from Europe, Asia, the USA and other regions in an immersive discussion of new anti-crisis solutions in the current economic environment.The record-breaking conference Digital Summit 2020 will unite the global industry leaders and novices of the digital world and create a unique...

XRP saw a small 1.7% price increase today after bouncing from $0.184 to reach the current $0.188 level. The cryptocurrency is dangerously close to falling beneath a descending triangle formation, which would cause it to plummet. Against Bitcoin, XRP is entering the abyss after falling beneath the 2000 SAT support. Key Support & Resistance Levels XRP/USD:Support: $0.18, $0.175, $0.171.Resistance: $0.192, $0.20, $0.207.XRP/BTC:Support: 1950 SAT, 1900 SAT, 1890 SAT.Resistance: 2022 SAT,...

Matic is trying to bounce back, but the buying volume is currently low.It is now holding a previous break level as support after losing almost 4% of its value overnight.The price is targeting $0.027 level in the next few days if Bitcoin continues to consolidate.MATIC/USD: Buyers Showing Interest After 3.12% DiscountKey Resistance Levels: $0.023, $0.025, $0.027Key Support Levels: $0.021, $0.020, $0.019MATIC/USD. Source: TradingVIewMatic is currently down by 3.12% overnight, but it is starting...

SYNQA, the parent company of the OMG Network, recently announced successfully raising $80 million in a Series C funding round lead by SCB 10x and venture capital group SPARX.At the same time, the price of OMG has experienced a sudden increase of nearly 11% in the past few hours.OMG Network’s Parent Company Raises $80MThe Thailand-based online payment company SYNQA, formerly known as Omise Holdings, announced earlier the successful closing of $80 million from a Series C fundraising round....

The controversies surrounding Bitmain continue as recent reports have it that Jihan Wu has allegedly been involved in illegal activities, putting his wills and interests above the law.New Reports Spark More ControversyToward the end of last year, Jihan Wu, who had previously stepped down as the co-CEO of Bitmain, assumed control once again. Since then, controversy seems to be spiraling out of control.Jihan Wu. Source: MediumJust a couple of weeks ago, CryptoPotato reported that the exiled...

Recent data indicates that Ethereum miners prefer holding their mined coins and have increased their balance in the past few weeks. At the same time, the number of ETH addresses containing from 100,000 to 1,000,000 coins have jumped by nearly 5% in June alone.Ethereum Miners HODLBecause of the current proof-of-work consensus algorithm that Ethereum employs, the network relies on miners to use their time and processing power to solve cryptographically difficult puzzles. If successful, miners...