Markets

Bitcoin price started a fresh decline below the $17,000 zone against the US Dollar. The price is now trading below $17,000 and the 55 simple moving average (4-hours). There was a break below a connecting bullish trend line with support near $16,825 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $17,000 resistance zone. Bitcoin price is struggling below $17,000 against the US Dollar. BTC might...

[PRESS RELEASE – Road Town, BVI, 27th December 2022] Santa Browser has announced the Version 1 launch of its web3 browser today. Built for an emerging crypto world, the browser claims to bring in the next generation of web3 users by developing tools that allow anyone to leverage the power of blockchain technologies. Due to the extreme volatility of the market, Santa is dedicated to building a “Trustable Technology Stack” that users can firmly rely upon while browsing the web....

Octopus Network – a multichain crypto network supporting Web3 applications – will lay off 40% of its staff members to ensure its survival amidst the ongoing crypto winter. The adverse macroeconomic factors have taken their toll on numerous other industry leaders who took similar action over the past several months. Some examples are Coinbase, CryptoCom, Huobi, Bybit, BitMEX, and others. This Winter is Different Than the Others In a recent letter, Louis Liu – Founder of...

Coinbase is a digital currency exchange that has suffered exponentially this year. The digital currency trading platform initially went public on the Nasdaq in April of 2021. Since then, it has seen its stock price crash roughly 80 percent in less than two years, and the fall can largely be attributed to the fact that bitcoin – and many other digital currencies – have been falling like crazy since reaching new all-time highs in November of last year. Coinbase Is...

Decentralized finance protocol Defrost Finance has recovered funds from the hacker involved in the V1 flash loan exploit. In the latest blog post, Defrost said that it will soon start scanning the on-chain data to return the funds to their rightful owners. However, the platform said that it could take some time to distribute since different users had variable proportions of assets and debt, but assured that the process would be “concluded fairly swiftly.” “Please be aware...

A new cryptocurrency called “Clowncoin” is coming to the market. While other currencies can grow and earn their owners some potential profits, this one will wear white face makeup and a red nose while performing circus acts to entertain kids. Clowncoin Has Arrived! Eh, not quite. Despite its goofball name, the asset is slated to do many of the other things that present altcoins do. The currency was founded by Dave Mattarocci, an information technology graduate of Pueblo...

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ADA price is trading in a bearish zone below the $0.30 support zone against the US Dollar. The price is now trading above $0.26 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.285 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.2850 resistance zone. Cardano price is struggling below $0.285 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is slowly moving higher above the $1,200 level against the US Dollar. ETH price is now trading above $1,200 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,210 on the 4-hours chart (data feed from Coinbase). The pair could start a decent increase if it clears the $1,240 resistance zone. Ethereum price is struggling below $1,240 against the US Dollar. ETH/USD could start another decline if it...