Tag Archives: News

Stellar lumen price is struggling below the $0.100 resistance zone against the US Dollar. XLM price is now trading below $0.0980 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0980 on the 4-hour chart (data feed via Kraken). The pair could start a recovery wave if it clears the $0.100 resistance. Stellar lumen price is trading below $0.100 against the US Dollar, similar to Bitcoin. XLM price could extend...

Ripple price started a fresh decline from the $0.490 zone against the US dollar. The price is now trading below $0.480 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.4550 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.490 resistance zone. Ripple price is struggling below $0.490 against the US Dollar, similar to Bitcoin. XRP price could...

Jim Cramer – the famed host of “Mad Money” on CNBC – has commented that bitcoin has no real use case, and he thinks the biggest digital currency by market cap will dry up faster than a riverbed. Jim Cramer Thinks BTC Won’t Last Long Is he right? His words come during a time when bitcoin appears to be picking up steam. The currency was depleted of all its resources and energy during 2022, which is arguably the most bearish year on record for bitcoin. During that time, the...

Bitcoin gained traction not too long ago even though the Federal Reserve announced it was hiking rates another 0.25 basis points. Bitcoin Remains Strong This is proof that many people have restored their faith in the world’s number one digital currency by market cap and are shirking both Federal Reserve and banking concerns to the side. The American economy and the banking crisis the country is enduring at the time of writing would likely cause many standard traders and...

Coinbase just can’t seem to catch a break. Not long ago, the company was the subject of a lawsuit that’s now being examined by the U.S. Supreme Court, and the trading platform is also the receiver of a Wells notice sent by the Securities and Exchange Commission (SEC), proving once again that the agency has just become a complete bully to all digital currency firms. Will the SEC Go After Coinbase? To be clear, Coinbase has not been charged with anything at the time of...

Federal agents have arrested Charles Riley Constant, an owner of digital currency ATMs under the Coindawg name. At the time of writing, he has been charged with money laundering, and he’s been accused of stealing COVID pandemic-based loans and converting them to BTC and other forms of crypto to hide them from prying eyes. Charles Constant Is Facing Money Laundering Charges Money laundering has long been a serious problem in the crypto space. As of late, we have received...

A crypto-centered lawsuit with popular digital currency exchange Coinbase as the defendant is heading to the Supreme Court. This marks the first time such a high-ranking court in the U.S. has ever considered such a case. The Supreme Court Is Examining a Coinbase Suit The plaintiff is a man who was, at one point, a customer of Coinbase. It’s alleged the man gave a scammer (who was pretending to be a representative of PayPal) remote access to his Coinbase account. This...

Bitcoin has shown the world just how resilient it can be. Not long ago, the Federal Reserve decided to raise interest rates by another 0.25 basis points. Under normal circumstances, the price of bitcoin would fall, and this time around was no exception as the world’s number one digital currency by market cap dropped from $28K to $26K. Bitcoin Is Still Alive and Kicking However, things didn’t stay there long, and just a day or so later, BTC was back at $28,000 per unit,...

Elon Musk is pushing bitcoin and other digital currencies in the midst of the U.S. banking crisis and recently posted a tweet in which he makes fun of criminal-in-chief Joe Biden. Elon Musk Takes Issue with Biden Not long ago, the phony president of the United States issued comments on social media talking about his administration’s climate change achievements. This is the first sign that something is wrong. The banks are failing, the economy is in shambles, people are...

Texas became a serious crypto mining hub about two years ago, and it looks like things are set to stay this way for some time. Despite a wide array of headwinds and problems the industry has been facing, Texas crypto mining has remained quite steady, and the Lone Star State is still being sought out by new companies and facilities. Texas Is Still the High-Ranking Crypto Mining Official Texas became a serious region for crypto mining beginning in the summer of 2021. The...