Litecoin price failed to climb above $150 and corrected lower against the US Dollar. LTC price is now trading below $140 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $150 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $142 pivot level. Litecoin price is struggling below $142 against the US Dollar, similar to bitcoin. LTC price...
Read More »ESMA Top Executive: The EU Should Ban Proof-of-Work Mining
The vice-chair of the European Securities and Markets Authority (ESMA) – Erik Thedéen – urged the EU financial regulators to prohibit the cryptocurrency mining model known as proof-of-work. He also claimed that bitcoin has turned into a “national issue” for his homeland Sweden because of the amount of renewable energy devoted to mining the asset. ‘The Solution Is to Ban Proof-of-Work’ In a recent interview for the Financial Times, Erik Thedéen (also Director-General of...
Read More »Rash Dip Grips US Stock Market with Dow Jones Dropping 543 Points
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Read More »Tron (TRX) Price Analysis: Bears In Action Below $0.07
Tron price started a fresh decline from the $0.0725 resistance against the US Dollar. TRX price is now trading below $0.0700 and near the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.0700 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move down if it stays below the $0.0700 pivot level. TRON price started a fresh decline below $0.0725 against the US Dollar, similar to bitcoin. TRX...
Read More »Bitcoin and Ethereum Prices Drop Further, Is Multi-Week Bear Market around the Corner?
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Read More »US 10-Year Treasury Yield Hits Two-Year High, Markets Under Pressure
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Read More »Cardano (ADA) Price Analysis: Uptrend Intact Above $1.40
ADA price started a fresh increase from the $1.08 zone against the US Dollar. The price is now trading above $1.40 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.44 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase if it manages to stay above the $1.40 zone. Cardano price is gaining pace above $1.40 against the US Dollar, unlike bitcoin. ADA price could start another...
Read More »Ethereum Price Analysis: ETH Could Slide Below $3K
Ethereum price started a fresh decline from the $3,400 resistance against the US Dollar. ETH price is now trading below $3,300 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $3,300 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down below the $3,200 support zone. Ethereum price is struggling below $3,300 against the US Dollar. ETH/USD remains at a risk of a sharp decline if...
Read More »LBank Exchange Will List Battle Esports Coin (BES) on January 20, 2022
INTERNET CITY, DUBAI, Jan. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Battle Esports Coin (BES) on January 20, 2022. For all users of LBank Exchange, the BES/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 20, 2022. The current eSports market is largely capitalized by corporate sponsors, it’s not easy and efficient enough for players to realize monetization via current B to C structure. To solve...
Read More »Over 1.6M BNB Removed In Binance’s First Quarterly Auto-Burn
Binance – the world’s largest crypto exchange – recently completed its 18th quarterly burn, marking its first quarterly auto-burn. The burn removed greater dollar-denominated value from the network than ever before. According to a blog post from Binance, the burn removed 1,684,387.11 BNB. At the time of writing, that’s $798,887,962 worth of tokens. 6296 of those tokens were ‘effectively’ burned through the Binance Pioneer Burn program, which counts BNB mistakenly sent to dead...
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