Crypto news

Ethereum price gained traction above the $210 and $212 levels against the US Dollar.ETH price is still struggling to gain momentum above the $217 and $220 resistance levels.There is a key bullish trend line forming with support near $204 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher above $220 as long as it is above the $204 support.Ethereum price is trading in a positive zone above $200 and $204 against the US Dollar. ETH/USD must surpass the $220...

The bulls are eyeing $226 resistance, but they could get trapped if a double-top pattern comes into play.Ethereum is currently looking bullish across its trading pair after rising by 11% in 7 days.Against Bitcoin, Ethereum is starting to show strength after finding support around 0.021BTC.ETH/USD: Ethereum Eyeing $226 Key Resistance Levels: $217, $226.8, $246Key Support Levels: $191, $176, $152.6ETH/USD. Source: TradingViewA few days back, Ethereum saw a sharp correction to $175 after marking...

Several supercomputers in European nations have been shut down following reports that they’ve been infected with cryptocurrency mining malware. Thus far, devices in countries such as the United Kingdom, Switzerland and Germany have all been affected and taken offline at the time of writing.Mining Malware Shuts Down SupercomputersThere is now an ongoing investigation into where the malware came from and which parties are potentially responsible for uploading it onto the computers. The malware...

Twitter CEO Jack Dorsey showed off the ability of the Square Cash app to make daily, weekly, and bi-weekly recurring Bitcoin purchases on May 18. The Square CEO also announced that Cash App users can now view the value of their funds in Satoshis – the ‘cent’ to Bitcoin’s dollar. Jack Dorsey – Stacking Sats Dorsey informed his 4.5 million Twitter followers: “You can now do automatic recurring purchases of Bitcoin in Cash App. Daily, weekly, or every two weeks. And change the display to...

It’s been almost a week since bitcoin’s widely anticipated third halving, and thus far, the event has turned out to be a real bore.The Halving Hasn’t Amounted to MuchWhile bitcoin isn’t necessarily in bad shape, the halving made everyone believe that something big was about to happen. That perhaps the world’s number one cryptocurrency by market cap was going to aim for the stars and get there overnight. That may have been somewhat unrealistic, but there is certainly some speculation as to why...

The Grayscale Investments has increased its Bitcoin holdings by 60,000 coins in the past 100 days – equal to roughly one-third of all Bitcoin produced at that time.Given that 88% of Grayscale’s customers fall into the institutional category, this latest finding could be a bullish indicator of how the business class views Bitcoin.Grayscale Rapidly Increasing Bitcoin HoldingsIndependent research posted to a cryptocurrency sub-Reddit tracked the number of Bitcoins in the Grayscale Bitcoin Trust...

Elon Musk – the CEO of both SpaceX and Tesla – is continuing his praise for bitcoin, along with his attack on central banks.Elon Musk: The Stimulus Was a Bad IdeaMusk has a serious issue with the way the U.S. government has handled the coronavirus pandemic. He says that a trillion-dollar stimulus package is no way to fix the situation, and that printing money out of thin air just so everyone can enjoy a small piece of relief will only mask the real problem. He’s confident that central banks...

Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its coverage by an additional $500m. The company also announced the onboarding of 70 new institutional clients and the expansion of its loyalty program.Bakkt Increased Its Insurance CoverageEarlier today, Bakkt’s President Adam White shared a blog post regarding the latest developments coming from the firm. Firstly, Bakkt has partnered with Marsh – one of the...

XRP continues to move sideways along $0.2 today after seeing a very small 0.7% price increase.Over the past week, XRP increased by 4% after it bounced from $0.192 to break back above $0.20.Against Bitcoin, XRP continues to trade at multi-year lows as the bulls battle to remain above 2070 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.20, $0.192, $0.18.Resistance: $0.207, $0.225, $0.235.XRP/BTC:Support: 2070 SAT, 2022 SAT, 2000 SAT.Resistance: 2200 SAT, 2300 SAT, 2360 SAT.XRP/USD –...

[PRESS RELEASE]18 May 2020, Los Angeles: Sensorium Corporation, the global virtual reality media platform, is announcing its membership in the Global Blockchain Business Council (GBBC),the leading global industry association for the blockchain technology ecosystem. The move is designed to underpin and bolster Sensorium’s use of blockchain and contribute to GBBC’s work in the virtual reality and entertainment industries.As a member of the GBBC, Sensorium will participate in forums, conferences...