Tag Archives: News

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ADA price is trading in a bearish zone below the $0.30 support zone against the US Dollar. The price is now trading above $0.26 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.285 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.2850 resistance zone. Cardano price is struggling below $0.285 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is slowly moving higher above the $1,200 level against the US Dollar. ETH price is now trading above $1,200 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,210 on the 4-hours chart (data feed from Coinbase). The pair could start a decent increase if it clears the $1,240 resistance zone. Ethereum price is struggling below $1,240 against the US Dollar. ETH/USD could start another decline if it...

John Ray III is an attorney that’s been in the news a lot, lately. He’s the man who cleaned up the Enron mess close to 20 years ago, and now he’s been called in to fix the problems surrounding failed digital currency exchange FTX. John Ray III Has Been Called in to Fix FTX As the new CEO of the now bankrupt digital currency firm, Ray commented that he has never seen such a poorly governed company in all his life, nor has ever witnessed such mismanagement of funds. He...

Former head of MicroStrategy Michael Saylor recently gave his thoughts and opinions on the digital currency scam surrounding FTX, the now fallen cryptocurrency exchange that was once labeled the ultimate golden player in the space. Michael Saylor on the FTX Collapse His conversation began with the statement that what was happening around FTX was “tragic.” It then transitioned into a discussion of FTT, the native token of the crypto exchange. He said: Since the supply was...

Nayib Bukele – the president of El Salvador – has issued a tweet saying he is going to be purchasing at least one bitcoin every day during the present market slump. Right now, BTC is trading in the $16K range, and the nation is looking to take advantage of the collapsing price. El Salvador Clearly Still Loves BTC The maneuver is stirring mixed reactions from analysts, some of whom claim it will ensure El Salvador’s digital dominance when the market repairs itself. They...

Stellar lumen price is showing bearish signs below the $0.076 resistance zone against the US Dollar. XLM price is now trading below $0.078 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0780 on the 4-hours chart (data feed via Kraken). The pair could start a major decline if there is a clear move below the $0.0725 support. Stellar lumen price is trading below $0.0760 against the US Dollar, similar to...

Ripple price started a fresh decline below the $0.3900 zone against the US dollar. The price is now trading below $0.3700 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $0.3495 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.3600 resistance zone. Ripple price is struggling below $0.370 against the US Dollar, similar to bitcoin. XRP...

Citron Research is betting big against cryptocurrencies. In particular, the company is focusing on Ethereum, which it claims is the best digital asset to short at the time of writing. Citron Research Is Pushing Ethereum Crypto has been treated rather unfairly throughout 2022. The year has arguably been the worst for the space, with several digital currency and blockchain firms filing bankruptcy and falling off the Earth’s grid. It’s a sad and ugly sight to see, and one...

Genesis Global Capital – a crypto lending company – has suspended all redemptions and related activity as it’s now one of the latest firms to be feeling the heat and buzz caused by the collapse of FTX. Genesis Global Is Stopping All Redemptions A spokesperson for Genesis Global is assuring followers that the move is only temporary. The stoppage is designed to help the company better understand what happened and protect itself from potential ripple effects following the...