Crypto news

If you live in Australia or New Zealand, you can buy a Coke with bitcoin thanks to the work of a cryptocurrency company known as Centrapay.Centrapay Opens the Door to BTC PaymentsRemember what a big deal it was when bitcoin was used to purchase pizza roughly ten years ago? While the transaction itself is not that important, the idea behind it is. This is because bitcoin was originally designed to be a method of payment, alongside most of the world’s cryptocurrencies. However, it has...

Market analyst Alessio Rastani is bullish about both the U.S. stock market and bitcoin.Alessio Rastani: You Probably Shouldn’t Buy for a BitWhen it comes to stocks, however, he’s a little more unsure and believes that the currency is entering a “risky zone.” He doesn’t believe that the monster-sized crash that arrived in March was a correction, as so many other analysts have claimed. In his eyes, the crash came on too quickly and was too large to amount to a simple correction of sorts. He...

Bitcoin has undoubtedly suffered this year thanks to the economic onslaught caused by the coronavirus, but according to one analyst and investor, the cryptocurrency is about to make a monster-sized comeback, and could reach as high as $75,000 in the coming weeks.Bitcoin Could Hit the $75K MarkAccording to Timothy Peterson – financial analyst and Cane Island alternative – the world’s number one digital currency is mimicking the behavior it exhibited seven years ago in the year 2013. According...

XRP continues to trade sideways with a small 0.6% price drop this week.Ripple has been trapped within a descending triangle for the last five weeks.Against Bitcoin, XRP struggles to hold the 2070 SAT support as the sellers start to push to fresh multi-year lows.Key Support & Resistance LevelsXRP/USD:Support: $0.2, $0.192, $0.18.Resistance: $0.215, $0.22, $0.225.XRP/BTC:Support:  2050 SAT, 2020, 2200 SAT.Resistance: 2100 SAT, 2200 SAT, 2300 SAT.XRP/USD – XRP Trading Continues Within...

Bitfury Group, a leading European emerging technologies company, will be teaming up with Nippon Angel Investment Company (NAIC) to launch an infrastructure fund, which will reportedly be the first of its kind in Japan.An Important Step Helping Institutional Investors Get Into CryptocurrenciesThe joint project aims to make cryptocurrency easy to access not only for retail but also for institutional investors.As announced on the company’s twitter account today, the Digital Currency Fund is part...

Cardano exhausted buying pressure after marking a new yearly high near $0.092.It maintained the same trend across trading pairs as sellers slowly take over in the short-term.The price is currently down by 4%.ADA/USD: Cardano Eyeing $0.070 For Short-Term CorrectionKey Resistance Levels: $0.085, $0.088, $0.0917Key Support Levels: $0.074, $0.0688, $0.0631ADA/USD. Source: TradingViewThe recent 30% increase in Cardano’s price seemed to have exhausted buyers after hitting $0.0917 on June 4. The...

Stablecoins are touted as a hedge against the high volatility in the cryptocurrency markets since they are pegged to a relatively stable asset or a basket of assets like fiats or precious metals. However, new findings reveal that some of these tokens have ties with illicit activities like Ponzi schemes.In its latest state of the network report, crypto analytics firm Coin Metrics analyzed the supply and activity distribution of stablecoins, including market leaders Tether (USDT), USD Coin...

Bakkt, the Bitcoin derivatives trading and custody platform owned by the Intercontinental Exchange (ICE), has partnered with the investment management company Galaxy Digital to launch a joint trading and custody venture for digital assets.The official announcement unveiled earlier today informs that Galaxy Digital Trading, an affiliate of Galaxy Digital, will provide the market access and trading capabilities for the new collaboration. The Bakkt Warehouse, on the other hand, will serve as the...

Ethereum surged by a total of around 20% over the past two weeks, but it struggles to break $250.The cryptocurrency has been trading between $235 and $250 for the entire period of June.Against Bitcoin, Ethereum struggles to pass the resistance at 0.0253 BTC.Key Support & Resistance LevelsETH/USD:Support: $240, $235, $225.Resistance: $250, $254, $268.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.024 BTC.Resistance: 0.0255 BTC, 0.026 BTC, 0.0265 BTC.ETH/USD: Ethereum Continues To Battle At...

A recent transaction on Ethereum’s network saw someone pay 10,668 ETH in fees while the actual value of the transaction was 0.55 ETH. This isn’t the first instance of something like this happen as insane fees have been paid on several occasions in the past.$2.5 Million Worth of ETH Fees for a Single TransactionAccording to Etherscan, approximately two hours ago, someone sent 0.55 ETH to an unknown address. And while all of it might seem like a regular Wednesday, the transaction fees paid for...