Markets

Eng Taing is a real estate investor who loves making money. So much so that he’s now getting into crypto. Aside from putting his money into the housing market, he’s now established a new crypto mining firm consisting of about 261 machines. Eng Taing Has Set Up a Successful BTC Mining Firm In a recent article, Taing says that while crypto isn’t necessarily his first love, he sees the industry has a lot of potential. Thus, he wants to be in on the wealth secrets that the...

Bitcoin has broken the $37K support to the downside as the price crashed more than 10% yesterday. This could trigger a bearish scenario towards the $30K demand zone. Technical Analysis By: Edris Daily Chart:  Considering the current market structure, the 100-day and 50-day moving averages seem likely to chart a bearish cross in the next few days, further aggravating the selling pressure. On the other hand, if the price can close above the $37K level soon, the bearish...

The Central Bank of the Argentine Republic (BCRA) prohibited domestic financial institutions from facilitating crypto opportunities. The announcement comes a few days after two of the largest local banks – Banco Galicia and Brubank – revealed they will allow clients to purchase digital assets via their official websites. Argentina’s Central Bank Blocks the Crypto Offerings Earlier this week, the largest private bank in Argentina in terms of market value – Banco Galicia – and...

INTERNET CITY, DUBAI, May. 6, 2022 – LBank Exchange, a global digital asset trading platform, has listed Beau Cat (BUC) on May 6, 2022. For all users of LBank Exchange, the BUC/USDT trading pair is now officially available for trading. As a comprehensive beauty platform, Beau Cat (BUC) utilizes the power of blockchain to open up the future beauty market by simultaneously conducting non-face-to-face and face-to-face services. Its native token BUC has been listed on LBank...

Bitcoin cash price started a fresh decline from the $300 resistance against the US Dollar. The price is now trading below the $280 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $281 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of a downside break below the $270 support zone in the near term. Bitcoin cash price is struggling below $300 against the US...

Crypto adoption in the United Kingdom continues to rise, with a reported 33% of the country’s consumers having previously invested in such assets. The figure is up 4% from six months prior, and is second in Europe only to the Netherlands’ whopping 47% statistic. Britons Buying Bitcoin The stat was gleaned from a bi-annual analysis conducted by Qualtrics, on behalf of cryptocurrency exchange Coinbase. It found that 61% of Britons who already own cryptocurrency plan to increase...

For anyone who managed to jump on the NFT bandwagon before it turned into a rocketship to the moon, it’s been quite a ride. Prices for the earliest, most well-known collections have exploded, making a lot of early adopters insane amounts of money and many new millionaires. However, for anyone just now getting into the NFT space, the ride is getting quite a bit bumpier, and moonshots are not as easy to come by. Keep in mind that every popular cultural phenomenon has cycles....

Bitcoin’s price took a nosedive on Thursday after stocks retraced gains made following yesterday’s Federal Open Markets Committee Meeting (FOMC). It fell to $36,520 – the cryptocurrency’s lowest price since Russia invaded Ukraine.  At FOMC on Wednesday, Federal Reserve Chairman Jerome Powell announced the first 0.5% interest rate hike since May of 2000. He set future expectations for further 50 basis point hikes later this year.  However, he also claimed that 75 basis point...

Renowned American rapper and actor – O’Shea Jackson Sr. (better known as Ice Cube) – asserted that he is a supporter of the first-ever memecoin Dogecoin. Thus, he put his name next to the likes of Elon Musk, Roger Ver, Snoop Dogg, Gene Simmons, and more. Ice Cube Among the DOGE Proponents Despite being created as a joke in 2013, Dogecoin emerged as a leading digital asset with a market capitalization of over $17 billion. The token also attracted numerous celebrities who...

Created by the leading US-based cryptocurrency exchange, Coinbase Wallet is quickly becoming a preferred self-custody wallet among users. It offers a very familiar user experience to existing solutions, which makes the overall transition seamless for those who’ve already worked with a self-custody wallet. Moreover, it carries the reputation and confidence instilled by the Coinbase brand. Coinbase Wallet was launched in 2018 and has managed to become one of the best...