Tag Archives: ETHBTC

The co-founder of a fraudulent ICO project that duped more than $25 million from investors, Sohrab Sharma, has received a sentence of eight years in prison for his role.The project itself, dubbed Centra Tech, was previously backed by several celebrities, including the boxing legend Floyd Mayweather and the producer DJ Khaled.Centra Tech Co-Founder Behind Bars for 8 YearsFounded in 2017, Centra Tech marketed itself as a debit card provider that supposedly allowed purchases with...

Following a few days of price slides and choppy price action, bitcoin has bounced off from yesterday’s low and eyes $50,000 once again. The altcoins have also reacted positively, with Ethereum surging by 8% to nearly $1,600, as of writing these lines.Bitcoin Has $50K In Sight (Once Again)The BTC bulls didn’t seem to like the price action since Wednesday, when the situation seemed to be going in the cryptocurrency’s way as it reached as high as $52,500 just days after bottoming at $43K....

BitcoinBitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750.On Monday, Bitcoin started to show some promise as it surged higher from $44,750 to reach as high as $49,600. Over the following three days, the cryptocurrency managed to spike back above the $50,000 level. However, it met resistance at $52,480 (bearish .618 Fib) and...

ETH/USD – Bulls Start Recovery Above 20-day EMAKey Support Levels: $1600, $1500, $1465.Key Resistance Levels: $1700, $1764, $1800.Ethereum is starting to recover from last week’s downtrend in which it fell from above $1900 to reach as low as $1290 (.5 Fib Retracement). The coin found solid support at $1425 over the past few days and started to push higher from there.Today, the 7% price surge allowed Ethereum to bounce from $1500 and break above $1600 to reach as high as $1658. It is now...

After several consecutive days of price drops, bitcoin initiated an impressive leg up yesterday and even touched the coveted $50,000 tag. Most alternative coins have also reacted positively, including ETH overcoming $1,500, LINK nearing $30, and BNB reaching $250.It’s worth noting traditional financial markets are also recovering. Yesterday, the S&P 500 is up by more than 2%, the NASDAQ Composite – by more than 3%, and the NASDAQ 100 by almost 3%.Bitcoin Taps $50K AgainEver since BTC...

ETH/USD – Market Returns To January 2018 Previous ATHKey Support Levels: $1400, $1291, $1250, $1200.Key Resistance Levels: $1400, $1465, $1500, $1600.Ethereum is now down by a total of 30% over the past seven days of trading. The cryptocurrency had spiked above $2000 only last week as it hit the upper boundary of the following marked ascending price channel. From there, the coin retraced, broke down the price channel and lost over $600 of its value.It happened on Monday, that ETH price closed...

After a relatively positive Saturday, bitcoin has headed south again by dropping below $44,000 to its lowest price since February 10, 2021. The altcoin space has it even worse with substantial double-digit declines, and the market cap has lost another $120 billion to $1.350t.Bitcoin Price Falls Beneath $44K as Miners Sell-OffThe primary cryptocurrency showed brief signs of recovery during yesterday’s trading session as it gained about $4,000. However, this positive performance was...

This is Binance Smart Chain’s time to shine, and the Binance CEO CZ knows it and is ready to take advantage of it.The increasing use of DeFi protocols, dApps, and applications built on top of Ethereum, has overloaded the network to the point where its fees are almost unsustainable. Several blockchains are vying to emerge as the new Ethereum killer, and CZ is rooting for BSC as the best option.CZ has been known to be a funny yet respectful guy when it comes to measuring his words. Still, his...

A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum. Describing itself as “Europe’s largest digital asset investment house,” CoinShares is a cryptocurrency-oriented manager with over $4 billion in AUM. The company, headquartered in London, announced the launch of its latest crypto product – a new physically-backed ETP tracking the...

The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital.Kraken to Increase its Valuation to $10B?Based in San Francisco, California, Kraken is among the oldest cryptocurrency exchange with nearly ten years of experience. The company could be on its way to more than...