Crypto news

After a six-day recovery, Cardano resumes selling pressure following a daily 8% price dropAgainst USD, Cardano sharply broke below a weekly triangle pattern, after two days of consolidationAgainst BTC, A breakdown below 530 SAT level could likely send ADA to discover new lowsADA/USD: Triangle Breakdown Followed by Huge SelloffKey Resistance Levels: $0.0523, $0.056Key Support Levels: $0.045, $0.042A few days ago, Cardano saw a mild recovery of about 9% after a two-week-long correction that led...

Place/Date: - March 8th, 2020 at 1:09 pm UTC · 4 min read Source: GSR Ventures At March 7th, 19:00, Mr. Wu Shenjun, founder and founding chairman of GSR Ventures and Board Chairman of GoldenSand Capital, announced to the public in a live stream on the three-eyed frog platform that the GSR Matrix Fund will provide an additional US$10 million to IPSE, marking GSR Matrix Fund has made an important layout in the new generation of information technology, and the era of the next generation of...

One of the most significant cryptocurrency fraudulent projects from the past few years recently tried to launder another 13,000 bitcoins. To do so, the perpetrators used numerous mixing services. Shortly after, the price of Bitcoin plunged by $500 in a matter of hours, and the question remains if this is the reason behind the drop.PlusToken Laundered 13,000 BTCAccording to the crypto Analyst ErgoBTC, PlusToken deposited approximately 13,000 bitcoins directly to mixing services in the past 24...

[This is a PRESS RELEASE – Please read the full disclaimer below]In the past month, it seems the Ultranet has become the most talked-about project in crypto. It all started when a mysterious paper by an anonymous author calling herself “sarah c0nn0r” appeared on Reddit describing a highly-sophisticated design for a marketplace that is fully decentralized, private, and “censorship-resistant.” The marketplace, the paper promised, would be one where listings can’t be taken down or censored,...

Things happen fast in crypto. Yesterday’s analysis focused on the tight range of $200 Bitcoin was trading inside over the past days.We had clearly stated in yesterday’s analysis that a huge price move is imminent. Just a few hours after, and Bitcoin made the anticipated move.As in crypto, Bitcoin price first went to the top of the range, touched $9224 (Bitstamp), liquidated some short positions, and from there – a fatal crush of $500 which lasted for the past few hours.As of writing these...

Bitcoin has shot past the $9,000 mark once again, but it’s still facing heavy resistance.Bitcoin Is Doing Better, but It’s Still StrugglingThe number one cryptocurrency by market cap has been struggling as of late thanks to rising fears of the coronavirus, which has spread throughout most of Asia, as well as parts of Europe and North America. More than 2,000 deaths have been recorded thus far, while tens of thousands of other individuals remain infected at the time of writing.The currency...

It was reported recently that India had removed the crypto ban it initially instilled in the year 2018. While the ban was not placed on digital assets themselves, it did place limitations on banks and financial institutions and prevented them from offering their services to crypto-based businesses.India Is Likely to Up Its InvestmentsThe Supreme Court of India has decided that this ban is unconstitutional and has thus taken the liberty of striking it down. This is a first step towards the...

The US Centers for Disease Control and Prevention (CDC) has said coronavirus will inevitably infect many Americans. Therefore drastic steps must be taken to fight the epidemic. But stories of unbelievable missteps in the US government’s response to coronavirus abound on social media.CDC Refuses to Test Nurse Who Cared for Coronavirus PatientOn Thursday, the California Nurses Association read a statement by one of its members. She’s a nurse in Northern California on quarantine after caring for...

South Korea is introducing its citizens to a new law that’s likely to set crypto on a very legitimate path.South Korea Initiates New Crypto LawThe law requires that South Korea obey all international financial regulations and adhere to know your customer (KYC) laws for all its digital trading platforms. This will lessen the chance of money laundering, terrorist financing and other illicit activities.South Korea, at one point, was one of the world’s biggest cryptocurrency hubs. The nation...

As crude prices went tumbling down, OPEC and non-OPEC members met on Friday for discussing the cutdown on oil production to control the price. However, the two groups failed to reach a consensus with Russia backing off.The rising concerns with the coronavirus spread have put the global economy in doldrums at this stage. On Friday, the OPEC and non-OPEC allies met for discussing the cutdown on oil production amidst slowing demand.Just like the stock markets, the global crude market has faced...