Crypto news

Bitcoin declined by  2.5% over the last week, dropping to the $7,220 level. The cryptocurrency has been trapped within a tight range between $7,708 and $7,123 for the entire period of December, thus far. A breakout of this range will dictate the direction Bitcoin will head toward over the following weeks.If the bulls continue to rebound, initial strong resistance is located at $7,400 and $7,700. Above the range, resistance lies at $8,086 (bearish .5 Fibonacci Retracement level) and $8,400...

XRP’s price has been stagnant for a while. Multiple technical patterns estimate that an upswing is underway. A spike in sell orders could be catastrophic. XRP has been contained within a narrow trading range over the last 20 days. Now, several technical patterns are estimating that this cryptocurrency could be bound for a bullish impulse. XRP has been consolidating for the past 20 days. | Source: TradingViewXRP shows multiple bullish signs Since Nov. 22, XRP has been trading within two...

The U.S. court has reportedly dismissed the law case for $150 million against the popular cryptocurrency derivatives exchange, FTX. The initial reasoning behind the lawsuit was market manipulation and unlicensed securities sales, but the court has not found any solid grounds to continue with the lawsuit.Cryptocurrency Exchange FTX ExoneratedEarlier this year, the cryptocurrency derivatives exchange FTX was accused of the sale of unlicensed securities in the U.S. and market manipulation. It...

Blockchain penetration in gaming continues to grow as we have two other industry giants joining hands. Semiconductor giant AMD, known for its popular x86 microprocessors, has joined hands with Estonia-based gaming platform Ultra.This strategic partnership is reportedly a part of a common mission of democratizing the gaming industry for players and developers alike. Speaking on this matter, Joerg Roskowetz, Head of Blockchain Technology of AMD, said:“AMD is excited about the use of blockchain...

Microsoft has officially revealed a few details about the new next-generation Xbox model, the Xbox Series X. During the recent Game Awards, the company officially announced the name and the design for the console, with some information but not as much as gamers and analysts would have preferred.From pictures, gamers should expect the Xbox Series X design to look next to nothing like previous Xbox consoles. Regardless, Phil Spencer, the current executive vice-president of Gaming at Microsoft...

XRP dropped back into the $0.215 support after failing to break above $0.2345 this week.The cryptocurrency remains above the 3000 SAT level but the bears are attempting to take control.XRP has been trapped within a range between $0.215 and $0.234 throughout the entire period of December.Key Support & Resistance LevelsXRP/USDSupport:  $0.2150, $0.20, $0.1850 Resistance: $0.2345, $0.2520, $0.27XRP/BTC:Support: 3000 SAT, 2900 SAT, 2855 SATResistance: 3113 SAT, 3200 SAT, 3325 SAT, 3500...

European Central Bank’s head (and former International Monetary Fund’s head) Christine Lagarde said that the stablecoins market is gaining momentum and the officials need to keep up with changes:“My personal conviction is that giving the developments we are seeing, not so much in the bitcoin segment, but in the stablecoins projects. And we only know of one at the moment but there are others, being explored and underway at the moment. We’d better be ahead of the curve if that happens. Because...

BaseFEX is a cryptocurrency derivative exchange founded in 2018 by a veteran group of traders. Similarly to other exchanges in the industry, it offers futures trading in the form of perpetual contracts.BaseFEX also allows margin trading – short and long – using high leverage and a promising variety of cryptocurrencies to choose from. BaseFEX sees a daily turnover upwards of $21 million on its Bitcoin perpetual contract, as of now, which is considerable for a newcomer.BaseFEX Security 8.0...

In what has been seen by many to be a resurgence of the crypto space, decentralized virtual private network project Orchid (OXT) is set to be launched on the Coinbase professional platform – Coinbase Pro. Sources indicated that the ERC 20 based token will be introduced in phases to the platform. A blog post on the premier cryptocurrency exchange’s website indicates that support for OXT will be made available to all clients of the exchange in the supported jurisdictions except the state of New...

The investors in tech stock were pretty concerned this week since the infamous date of December 15 was approaching.However, now they can relax a bit since on Thursday United States President Donald Trump signed off on a so-called phase one trade deal with China, averting the December 15 introduction of a new wave of U.S. tariffs on approximately $160 billion in consumer goods from Asia.The deal presented to Trump by trade advisers Thursday included a promise by the Chinese to buy more...