Tag Archives: News

Bitcoin cash price started a fresh decline from the $385 resistance against the US Dollar. The price is now trading below the $350 zone and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $370 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of a downside break below the $325 support zone in the near term. Bitcoin cash price is struggling below $350 against the US...

MicroStrategy is continuing to purchase more bitcoin, though its methods are beginning to garner a few raised eyebrows amongst traders and analysts alike. Not long ago, the software giant announced that it was taking out a loan for more than $200 million so it could purchase more of the world’s number one digital currency by market cap. MicroStrategy Continues Its Pursuit of Bitcoin MicroStrategy currently boasts more than $5 billion worth of the asset. At first glance,...

The United Arab Emirates (UAE) is becoming a major crypto haven and experiencing a huge boom in usage. Not long ago, the nation found itself at the center of regulatory interest following the unveiling of its new virtual asset law, and now it looks like one in five people within the country are looking to trade crypto on a regular basis. The UAE Is Seeing a Huge Surge in Crypto Use A recent survey suggests that about 67 percent of UAE citizens are looking to become...

Dubai – the capital of the United Arab Emirates in the Middle East – has unveiled a new digital currency law that apparently a lot of other countries could learn from. The law allows for increased innovation and investor protection in the space while also permitting banks to do their jobs in making sure that all crypto activity is regulated and safe. Dubai Is Instilling a New Crypto Law Jonathan Levin of Chainalysis fame is speaking at this week’s World Government Summit...

EOS price started a major decline from the $3.00 resistance zone against the US Dollar. The price is now trading below $2.60 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $2.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could resume decline if it stays below the $2.60 resistance zone. EOS price is showing bearish signs below $2.60 against the US Dollar, similar to...

Litecoin started a major decline from the $130 resistance against the US Dollar. LTC price is now trading below $120 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $124 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could extend losses if there is a move below the $110 level. Litecoin price is gaining bearish pace below $120 against the US Dollar, similar to bitcoin. LTC price...

Elon Musk has long been involved in the crypto world, both in negative and positive ways. At press time, it looks like the negative waves surrounding his crypto presence are taking a little more precedence than the positive ones given that his face and likeness are still being used for crypto scams across social media platforms. Elon Musk Is Still the Face of Crypto Fraud This has been an ongoing problem. For several years, many scams on sites like YouTube, Twitter, and...

Lawmakers in the European Union (EU) are making it hard for crypto traders to invest in digital currency while remaining private. Regulators say they are working to make it so that money laundering in the crypto space never happens again. As a result, they are implementing new rules that will require all crypto exchanges and trading platforms to obtain, hold, and submit information on customers involved in digital currency transfers. The EU Is Coming Down Hard on Crypto...

It looks like the debacle surrounding Quadriga CX – the infamous crypto exchange in Canada – is continuing to haunt people. Tong Zou – a 33-year-old man – is one of the many victims of the exchange’s closure, and he lost his entire life savings in the slip up. Quadriga CX Is Still a Major Downfall for Many The Quadriga CX mess occurred nearly four years ago in late 2018. Gerald Cotten – the man behind the exchange – was abroad in India when he succumbed to Crohn’s...

Solana price started a fresh increase above the $110.00 level against the US Dollar. The price is now trading above $110.00 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $123 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $132 to continue higher in the near term. Solano price is losing pace above $120 against the US Dollar, similar to bitcoin. SOL could extend decline...