Markets

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Stellar lumen price is facing a major resistance near the $0.095 zone against the US Dollar. XLM price is now trading above $0.090 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0900 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.0935 and $0.095 resistance levels. Stellar lumen price is trading above $0.0900 against the US Dollar, similar to bitcoin. XLM...

Ripple price started a fresh decline from the $0.4050 zone against the US dollar. The price is now trading above $0.3850 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3950 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.4050 resistance zone. Ripple price is struggling below $0.4050 against the US Dollar, similar to bitcoin. XRP price...

Last year was less profitable for crypto scammers as their revenue plunged nearly 50% in 2022, according to a new study by blockchain analytics firm Chainalysis. The blockchain company noted that the decrease in revenue could be linked to the decline in the value of cryptocurrencies due to the correlation of most scam types with bitcoin’s price. Crypto Scam Revenue Dropped to $5.9B in 2022 Crypto scam revenue started 2022 on an upward trend but came spiraling down in May at...

Bitcoin’s recent price spikes underline the demand and confidence in the crypto market. This resulted in a significant surge in many cryptocurrencies. However, the price still faces a critical resistance level of $25K before calling the bear market over. Technical Analysis By Shayan The Weekly Chart Looking at a bigger picture of Bitcoin’s price using the weekly timeframe, the price action looks similar to the final capitulation stage of the 2018 bear market. During the final...

Bitcoin has support from one of Wall Street’s biggest players. Recently, financial giant Goldman Sachs issued a new report claiming that BTC is one of the best performing assets of the year thus far, and it has big hopes and plans for the world’s number one digital currency by market cap. Goldman Sachs Is Enthusiastic About BTC Bitcoin experienced its most bearish year in 2022. The asset fell by more than 70 percent from its all-time high of $68,000 per unit (which it...

The United Kingdom’s crypto and fintech industries saw investment dry up in the latter half of 2022 amid a combination of turbulent macroeconomic conditions and record-high inflation. Businesses in the region completed a total of 591 fintech deals in 2022, compared to 724 in 2021.  The Fintech Trajectory According to Bloomberg, the data comes from a report published Wednesday by the big four accounting firm, KPMG. Its numbers show a $22 billion drop in Fintech investment in...

Schon seit einigen Jahren arbeitet das Team von Bitpanda an einem Multichain-Token-System Pantos. Nachdem es durch den Kryptowinter zu mehreren Verzögerungen der Entwicklungsschritte gekommen ist, soll die Beta-Version für Nutzer und Entwickler nun endlich freigeschaltet werden. Ein langer Weg von 2018 bis heute 2018 war das Startjahr für das Blockchain-Forschungsprojekt Pantos, das den Einsatz bestehender und zukünftiger Token auf verschiedenen...

Bitcoin tried its hand at overtaking $25,000 once again in the past 24 hours but was stopped in its tracks and is back down to $24,500 as of now. Most alternative coins have calmed following the recent enhanced volatility, aside from Filecoin, which has produced yet another double-digit price surge. Bitcoin Fails at $25K Bitcoin went through a highly-volatile trading week, having surged past $25,000 for the first time since August last year and then dumping by roughly $2,000...

Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.  Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent coverage, Novotel Bahrain Al Dana Resort partnered with Eazy Financial Services to allow guests to settle accommodation bills in...