Crypto news

After a prolonged period of silence near the critical $30K threshold, the price has encountered significant rejection, resulting in a swift and rapid decline. However, the current scenario shows the price consolidating close to the crucial support range of $25K, where it could potentially find a bottom and halt further downtrends. Technical Analysis By Shayan The Daily Chart Following a minor corrective phase, where a bearish divergence occurred between the price and the RSI...

Coinbase recently introduced “Base” to foster a community of developers dedicated to constructing decentralized features for its users. While Base is geared toward enhancing the exchange’s utility and encouraging greater customer engagement, this new blockchain attracted more than 500 fraudulent tokens in a relatively brief period. Scam token creators thrive on “hype, promise, and price and volume manipulation.” The fervor surrounding the Base network is no different in this...

There are several bitcoin mining facilities out there working hard to reduce the number of emissions they produce. Bitcoin Mining: Could It Become Cleaner? Bitcoin mining has endured a bad rap over the years for several reasons, a big one being that allegedly, it puts Earth’s atmosphere in harm’s way. According to several reports, bitcoin mining uses more energy than most developing countries. There are also several high-ranking individuals out there that have...

Bitcoin is down for the week, but it’s still up about 50% YTD. Meanwhile, Bitcoin mining stocks have jumped by over 200% year-to-date. One miner stock, Cipher Mining (CIFR), is up by a whopping 389% for the year so far. Bitcoin price fell 10% against USD Thursday amid speculations that SpaceX might have sold its remaining holdings. That brings the most work-based cryptocurrency down to what may be a bargain price at this time in its halving cycle, at under $26,000. While...

Bitcoin ATMs are largely becoming the centers of crypto fraud schemes, according to law enforcement agencies around the country. Bitcoin ATMs and the Problems They Attract For example, one woman from the city of Clive in Polk County, Iowa, was involved in a bitcoin ATM scam that saw her lose more than $6,600. She received a call from someone claiming to be part of the Polk County Sheriff’s office, and the caller said that if she didn’t go to her nearest crypto ATM...

Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows at the beginning of August. Weirdly, BTC was even less volatile than U.S. stocks briefly this month. But with each new application for a...

David Tamil of Pro Chain Capital fame believes that bitcoin is going to reach $50K by the end of the year. He also thinks that home and real estate prices are going to come crashing down. Will Real Estate Be in a Weaker State? The latter shouldn’t be surprising to anyone. After all, Joe Biden – the present commander-in-chief – has done nothing of value since entering the White House and has instilled extremely weak economic policies and signed his name to multiple...

Bitcoin’s troubles continue as the asset has returned below $26,000 after exceeding that level yesterday following the price flash crash. Most altcoins have also seen daily declines, with ETH and BNB dropping by 1.5% once more. BTC Still Below $26K The primary cryptocurrency was stuck in a tight range between $29,200 and $29,500 for a week until a few days ago. It tried to break out toward $30,000 on Monday but was stopped in its tracks, and the subsequent rejection pushed it...

[PRESS RELEASE – Please Read Disclaimer] CAIZcoin, a blockchain and cryptocurrency pioneer, is excited to announce its official debut on major cryptocurrency exchanges across the world. This widely anticipated move represents a huge step forward in CAIZcoin’s mission to revolutionize how people access and interact with digital assets. CAIZcoin is a leader in innovation with an agenda of developing a fair and ethical financial environment that could accommodate users from all...

The Australian Securities and Investment Commission (ASIC) has sentenced Melbourne-based cryptocurrency lending firm Helio for falsely claiming it held an Australian credit license (ACL) in August 2019. According to an official release from the ASIC, Helio was sentenced to a non-conviction bond and entered into a recognizance of A$15,000 ($9,600) for 12 months on the condition of good behavior. ASIC Sentences Helio The Australian securities regulator charged Helio in April...