Crypto news

The ban on Micron Technology has drawn a response from US Commerce Secretary Gina Raimondo who said America will not sit back and firmly oppose restrictions that are not backed by proper facts.  The chip and semiconductor industry is likely to see its next major distortion following the labeling of United States-based chipmaker Micron Technology Inc (NASDAQ: MU) as a threat to its National security infrastructure. As reported by CNBC, China’s Cyberspace Administration said Micron failed to...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price is struggling below the $0.0920 resistance zone against the US Dollar. XLM price is now trading below $0.0900 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0900 on the 4-hour chart (data feed via Kraken). The pair could start...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a downside correction from the $0.4700 zone against the US dollar. The price is now trading above $0.44 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $0.430 on the 4-hour chart of the XRP/USD pair (data source from...

A Russian man has been charged by US authorities for his alleged connection to multiple ransomware schemes that netted him and other attackers nearly $200 million – much of which came through crypto.  Some of the victims of those ransomware attacks included hospitals, schools, and police departments.  $200 Million in Ransomware Payments The culprit – Mikhail Pavlovich Matveev – was part of three ransomware gangs: Lockbit, Babuk and Hive. Collectively, they have obtained...

Markets in Crypto Assets (MiCA) is being hailed as the world’s first comprehensive set of rules that aims to bring the largely unregulated cryptocurrency markets under government regulation. It is part of a broader digital finance package, aka ‘Digital Operational Resilience Act (DORA),’ which aims at protecting the financial services sector from fraudulent activities and is likely to become law in July 2023, setting the wheels in motion for the rules to take effect by...

In a recent interview, the former partner of Sam Bankman-Fried doubled down on his belief that the FTX founder is the crypto spin-off of Bernie Madoff. Nevertheless, Scaramucci added that he is sticking with crypto and bitcoin and provided his company’s intrinsic BTC value at the moment. The former White House Director of Communications for the Trump administration entered the cryptocurrency space shortly after the COVID-19 pandemic broke out and has become a permanent member...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up India’s Minister of Finance Nirmala Sitharaman says cryptocurrencies will take up most of the chat time during this year’s upcoming G20 presidency event in India. Nirmala Sitharaman on Crypto in India Not long ago, Sitharaman visited Washington and explained in a statement: Given so many collapses and shocks in...

Artificial Intelligence has been the biggest thread alongside memecoins in 2023. ChatGPT took the world by storm, and with it, this emerging technology was brought to the forefront of mainstream attention. Everyone seems to have an opinion on AI, and the cryptocurrency industry is no exception. Many projects that incorporate some form of it in their roadmap have seen explosive growth. And, of course, as it’s almost always the case with crypto – even if they don’t use AI but...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up 2024 is set to be a big year for several reasons. A big one is that Americans can finally vote Joe Biden out of office and spare their nation more incompetency, but a different reason is because the next bitcoin halving is set to occur. The Halving Is on Its Way Bitcoin halving events take place every four...

Ethereum has been struggling with the 100-day moving average, which stands at $1772, for an extended period. However, the price action at this crucial level has not yet clearly indicated any upcoming direction. A breakout, on the other hand, has the potential to trigger an immediate cascade. Technical Analysis By Shayan The Daily Chart Following a short-term consolidation phase, the price experienced a decline toward the 100-day moving average of $1.7K. The recent PA of...