Crypto news

In the 1940s, the third wave of technological revolution was set in motion by historical titans, propelling humanity onto the vast stage of a new era. Computer technology and space exploration ushered our species into uncharted territories. While the populace revealed the conveniences afforded by these groundbreaking innovations, they couldn’t escape the shadows of uncertainty, a fear that this newfound technology might displace them, leading them to unemployment....

Stellar lumen price is rising toward the $0.150 resistance zone against the US Dollar. XLM price is now trading above $0.120 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1320 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.135 and $0.142 resistance levels. Stellar lumen price is trading above $0.130 against the US Dollar, similar to bitcoin. XLM...

Ripple price is struggling to stay above the $0.486 support against the US dollar. The price is now trading below $0.510 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.5010 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another decline if it stays below $0.5085 and $0.5180. Ripple price is struggling below $0.520 against the US Dollar, unlike Bitcoin. XRP...

The dYdX Foundation, a non-profit organization behind the decentralized crypto exchange dYdX, has released its semi-annual report detailing its ecosystem growth and milestones reached in 2023. According to the report, the foundation fostered the development of the dYdX protocol and grew the community in preparation for the release of the v4 open-source software – the dYdX Chain. The Journey So Far in 2023 The foundation said the regulatory challenges of the crypto industry,...

The United Kingdom Financial Conduct Authority (FCA) said it will extend the deadline for crypto firms to implement the strict marketing rules created to protect consumers. According to an official release, the core rules will still come into effect from October 8, 2023, while measures that require greater technical development, like the 24-hour cooling-off period, can be implemented from January 8, 2024. FCA Extends Deadline for New Crypto Rules The FCA has labeled...

Ripple’s price has been relatively stagnant over the past week, showing little intent to move in either direction. However, analyzing nearby support and resistance levels and evaluating probable scenarios would be beneficial. Technical Analysis By Edris XRP/USDT Price Analysis Against USDT, the price has been consolidating below the 200-day moving average, located around the $0.5 mark. It has failed to close above the mentioned moving average in the last few days. The RSI...

Ethereum’s price has taken a notably bearish turn, breaching several critical support levels and tilting on the verge of a concerning death cross. Despite these developments, there is a glimmer of hope as the price approaches a substantial support zone, hinting at the possibility of a temporary consolidation phase. By Shayan Ethereum’s price has recently experienced a significant downtrend, leading to a breach of multiple support levels, including the crucial 100 and...

Coinbase – one of the world’s largest digital currency exchanges – has ended its staking program in four states. At press time, California, Wisconsin, New Jersey, and South Carolina will no longer be privy to the trading platform’s earn program. Coinbase Earn Program Ends in Various Regions The move is a response to the present lawsuit the company is facing from the Securities and Exchange Commission (SEC). As it stands, the SEC made the claim that Coinbase has...

Grayscale’s victory over the SEC could be seen as a major setback for the financial regulator, which has intensified its enforcement efforts against the cryptocurrency industry. However, this landmark win did not translate into a notable increase in the accumulation of crypto assets in the spot market. In fact, CCData’s latest report disclosed that the losing streak continued in August despite minor fluctuations. Spot Volumes Takes Hit The total trading volume for spot and...

Grayscale says it will do everything in its power to ensure it gets approval for a new bitcoin-based exchange-traded fund (ETF). Grayscale Wants the SEC to Approve All ETFs Also, the crypto company has asked that all the current bitcoin ETF applications the SEC is looking at be approved simultaneously. The bitcoin ETF train began in recent weeks through BlackRock, which is slated to be the big gamechanger in the world of crypto-centered ETFs. As a standard...