Markets

Bitcoin price gained pace and it cleared the $48,000 resistance against the US Dollar. The price is now trading above $47,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $49,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must stay above the $47,300 support level to continue higher in the near term. Bitcoin price is losing pace above $48,000 against the US Dollar. BTC is...

The crypto exchange Kraken does not want to lag behind in the race to dominate the global cryptocurrency market and is actively working on expanding beyond the United States. The first and also the most challenging destination is Europe. In an interview for the German news outlet Handelsblatt, Jesse Powell, CEO of Kraken, said that the exchange is in the process of getting a license to operate legally on the continent. Powell expects everything to be ready before the end of...

With Cardano’s price skyrocketing to new all-time highs, the asset has garnered the attention of the cryptocurrency crowd. On-chain data from social media platforms confirmed that ADA had become the most talked-about digital asset in the past few days. ADA Takes Over Twitter It’s safe to say that Cardano’s native cryptocurrency has been on a roll since the start of the year. Looking at a more micro-scale, meaning in the past month, ADA has blown out of the water most of its...

A crypto trader named Fawaz Ahmed is pursuing legal action against cryptocurrency exchange Binance, claiming that it cost him millions of dollars in lost Ethereum. Binance Could Find Itself in Court When Ahmed saw the price of Ethereum slipping, he felt it was time to sell his coins and exit the trading space for a while. Unfortunately, this was not something he was able to do given that the exchange was experiencing a major outage on the day he sought to trade. This was...

[Press Release – Singapore] On August 24, TRON announced on Twitter that the NFTsocial platform DeFine has given support to TRC721, marking its integration with the TRON ecosystem. In the meantime, the BTFS storage system under TRON will officially integrate with DeFine in September. TRON will also contribute to the growth of the NFT ecosystem together with DeFine and APENFT by seeking valuable NFTs from the global market. DeFine also secured a strategic investment from TRON...

ADA price started a fresh increase above the $2.20 resistance against the US Dollar. The price is now well above the $2.50 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $2.80 on the 4-hours chart (data feed via Bitfinex). The price could start another strong increase if it clears the $3.00 resistance zone in the near term. Cardano price is showing positive signs above $2.50 against the US Dollar, similar...

Ethereum price extended its increase above the $3,300 resistance against the US Dollar. ETH price is now trading above $3,200 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3,260 on the 4-hours chart (data feed from Coinbase). The pair could continue to rise as long as it is above $3,260 and $3,200. Ethereum price is showing positive signs above $3,200 against the US Dollar. ETH/USD must stay above the $3,200...

According to a study by https://research.bloomberg.com/ which explored the ICO market of 2017 and the outcomes of all the ICOs conducted, the following was determined: approximately 78% of ICOs were identified as scams; 4% failed, 3% had gone dead and only 15% went on to trade on an exchange. In dollar value, people lost about $1.3b to scam ICOs and $624m went to those that had ‘gone dead’. Approximately 1/8 of the world’s countries have a GDP below this amount. Those of...

Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on Monday, the Centre Consortium noted that it now intends to “hold the USDC reserve entirely in cash and short duration US Treasuries.” The organization said the decision was prompted by its commitment to increasing transparency and exploring new opportunities to collaborate with the USDC community. It noted...

Bitcoin is and always has been the world’s number one digital currency by market cap, but according to Nigel Green of the deVere Group, Ethereum will soon rise to the top of the crypto ladder. Nigel Green: We Will Soon See ETH at the Top In a recent interview, Green mentioned: Ethereum will continue to outperform bitcoin in 2021 and will, ultimately, exceed its rival’s value. Ethereum is the number two largest cryptocurrency in the world, second only to BTC. This makes...