Tag Archives: News

Stellar lumen price is showing bearish signs below the $0.1000 resistance zone against the US Dollar. XLM price is now trading below $0.0920 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.0885 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0860 and $0.0835 support levels. Stellar lumen price is trading below $0.1000 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.4180 resistance against the US dollar. The price is now trading near $0.3880 and near the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3720 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down towards the $0.332 support if it fails to stay above $0.3720. Ripple price is struggling below $0.400 against the US Dollar,...

Coinbase is in hot water after close to 100 customers have filed lawsuits against the western hemisphere’s largest digital currency trading platform. Customers Are Angry with Coinbase These customers are accusing Coinbase of turning a blind eye to a scam that ultimately cost them more than $21 million in digital currency funds. The problem stems from the Coinbase Wallet, which last fall, directed users upon being downloaded to fraudulent or phony websites that allowed...

Argentinian soccer player Lionel Messi has teamed up with a digital currency company called Bit Get. Based in Singapore, the firm will allow fans of the Paris Saint-Germain team – which Messi plays for – to trade digital assets and explore the growing world of web3. Lionel Messi Travels Deeper into the Crypto Space Few details have been announced regarding the deal, though it has been signed ahead of the 2022 FIFA World Cup which is set to take place in Qatar. This will...

It’s happened again, folks. Another digital currency exchange has decided to halt all withdrawals, thus preventing its customers from gaining access to their assets. This time around, the company in question is staking platform Freeway, which says one of its trading strategies has failed miserably. This is the reason it’s cited for its recent halting of customer withdrawals. Freeway Prevents Customers from Accessing Their Funds This has been a common theme in the crypto...

Australia has made a specific taxation decision when it comes to crypto assets, and members of the industry and active traders are not happy about it. Australia May Have Made a Severe Choice Regarding Crypto Not long ago, Australia announced that for tax purposes, it would continue to treat digital currencies as physical assets rather than foreign currency. The government of Australia is now set to introduce full legislation cementing the decision. What does this mean?...

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Popular digital currency trading platform Kraken has announced it is cutting off all business with Russian customers, and the country will not be able to take advantage of its digital currency services. Kraken Ends All Russia-Based Services The big question to ask here is, “What the heck happened?” Back in March of this year, Kraken said that it was going to be one of the few digital currency exchanges that would not comply with present U.S. sanctions, and it wouldn’t...

For the first time in two years, most of the world’s active bitcoin addresses have experienced heavy losses and are now in the red. Bitcoin Addresses Are Seeing Fewer Returns The data comes from Glass Node, which measured all the current bitcoin addresses that are still sending funds to digital currency exchanges. The company says the activity is at a 23-month low, which means more selloffs could be in BTC’s future in the short term. Dan Ashmore – an analyst at Coin...

True Facet – an online marketplace that sells used watches and jewels – has partnered with Bit Pay, a leading provider of digital currency payment services, to permit shoppers to checkout and purchase items with crypto assets like bitcoin and Ethereum. True Facet Says “Yes” to BTC Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have...