Tag Archives: News

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Stellar lumen price started a fresh increase above the $0.070 resistance zone against the US Dollar. XLM price is now trading above $0.0750 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.0738 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.0780 and $0.0750 support levels. Stellar lumen price is trading above $0.0750 against the US Dollar, similar...

Ripple price is slowly moving higher above the $0.35 level against the US dollar. The price is now trading above $0.3400 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3410 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bullish momentum if it clears the $0.3560 resistance zone in the near term. Ripple price is rising steadily above $0.340 against the US Dollar,...

Of all the people or companies in the crypto space, lenders likely have it worse than anyone or anything. They are the ones giving money to the crypto companies that are now failing or struggling to stay afloat. In many cases, they are not able to repay the funds they’ve utilized or borrowed, which really puts a lot of these lending firms on edge. Lenders Are Enduring Trouble from Crypto Miners Instead of money, lenders are instead receiving machines from miners – who at...

The European Central Bank has issued a statement claiming that bitcoin is on its way out and closely approaching “irrelevance.” The European Central Bank Is not a Bitcoin Fan The financial institution released a blog entitled “Bitcoin’s Last Stand” that details the fall of the world’s number one digital currency. Interestingly, the bank does not refer to FTX and its November collapse as the reason as to why bitcoin is doing so poorly. Rather, it hints that bitcoin was on...

The Gemini Exchange in New York – headed by the Winklevoss Twins – has halted all withdrawals, sparking rumors that the company could be next in a long line of crypto firms to file bankruptcy. Gemini Exchange Halts All Withdrawals The move is a direct result of the collapse of FTX, which came crashing down in mid-November. Michael Barr, an official with the Federal Reserve, is calling upon Congress to regulate crypto once and for all due to the company’s failure. In a...

When it comes to risky assets like crypto, Singapore banks are no longer required to hold 1:1 in collateral, but rather 1.25:1. What this means is that for every $1 in cryptocurrency, a financial institution needs to hold $1.25 in regular cash. This is designed to ensure there are enough reserves in place to cover losses or other problems should the crypto industry decide to crash and burn all over again. Singapore Is Trying to Stop Future Crypto Problems 2022 was one of...

Republican Senator of Wyoming Cynthia Lummis says what happened with FTX is exactly why Congress needs to begin paying attention to cryptocurrency. She cited the bipartisan bill she established in early 2022 with New York congresswoman Kirsten Gillibrand (a democrat from New York) and said U.S. regulators need to give the bill their full attention so that what happened with the exchange can never happen again. Cynthia Lummis on the Future of Crypto in Congress Lummis is...