Markets

Solana price extended decline below the $80 support against the US Dollar. The price is now trading below $80 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $67.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $68 and $74 to start a fresh recovery wave in the near term. Solano price is struggling below $80 against the US Dollar, similar to bitcoin. SOL could decline...

Terra (LUNA)’s price collapse from Monday continues, now tracing down beneath $16 per coin. Meanwhile, the network’s dollar-pegged stablecoin TerraUSD (UST) continues trading at just $0.8, far below its intended $1.00 value peg. LUNA trades at just $15.84 at the time of writing, down 63.13% in the past 24 hours, and 80.74% over the week. The cryptocurrency doubly serves as a governance token for the Terra blockchain, and the reserve asset made to preserve the stability of its...

OK Coin – a popular and large digital currency trading platform – has agreed to take up office space in downtown San Jose, part of the Silicon Valley in northern California. The region is known for hosting a wide array of many of the world’s leading tech companies including Apple, Facebook, and Google. OK Coin Leases Large San Jose Office Space The office address is 160 W. Santa Clara St. and consists of 35,000 square feet. In other words, it’s pretty darn big. OK Coin...

After spending almost a decade working for the Wall Street behemoth – JPMorgan Chase & Co – Guillaume Chatain took the leap towards blockchain and crypto, where he helped establish a regulated digital broker-dealer. As of now, he is the Head of EMEA (Europe, Middle East, and Africa) Sales at the leading US-based cryptocurrency exchange – Coinbase – a position which he occupies for over a year. From JP Morgan to Coinbase: The Future of Finance Chatain made a huge...

Binance – the largest and most popular digital currency platform by daily trading volume – says that it is unveiling a new cryptocurrency-based credit card to be used by Ukrainians that have been displaced by the ongoing conflict with Russia. Binance Establishes New Crypto Credit Card for Ukrainians Roughly three months ago, the world watched in horror as Russia invaded Ukraine. Since then, the United States and many of its allies have sought to place sanctions on...

ADA price started a steady decline from the $0.80 resistance against the US Dollar. The price is now trading below $0.70 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.655 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to recover above the $0.655 resistance zone. Cardano price is declining below $0.70 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price started a fresh decline from the $2,800 zone against the US Dollar. ETH price is now trading below $2,500 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $2,800 on the 4-hours chart (data feed from Coinbase). The pair remains at a risk of more downsides towards the $2,000 support level. Ethereum price is struggling below $2,500 against the US Dollar. ETH/USD remains at a risk of more...

INTERNET CITY, DUBAI, May. 7, 2022 – LBank Exchange, a global digital asset trading platform, will list Monstock Token (MON) on May 10, 2022. For all users of LBank Exchange, the MON/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on May 10, 2022. As a blockchain-based investment forecast platform, Monstock transforms stagnant and distorted investment information markets through fair valuation of investment forecast information and disclosure...

El Salvador president Nayib Bukele has announced another Bitcoin purchase amid the current crypto market turmoil. Over Twitter, Bukele claimed to have bought exactly 500 Bitcoin for an average of $30,744 dollars each on Monday. The president, who has admitted to making Bitcoin buys from his phone using the country’s money, referred to the purchase as “buying the dip”. As of today, Bitcoin has closed its 6th consecutive red weekly candle for the first time since 2014. It’s...

The Otherdeed NFTs drop caught massive attention from the industry last week as high demand triggered unprecedented Ethereum fees. Otherdeeds are the NFT collection for claiming virtual land in Otherside, the metaverse space created by Yuga Labs – the parent company behind Bored Apes Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) However, as the crypto bloodbath continues with Bitcoin dumping to the lowest point since last July, the transaction volume for blue-chips NFT...