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Tag Archives: News

Bitcoin Cash Analysis: Bearish Moves Below $125

Bitcoin cash price started a fresh decline from the $138 zone against the US Dollar. The price is now trading below the $125 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $126 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $115 and $112 support levels. Bitcoin cash price is moving lower below $125 against the US Dollar, similar to...

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Crypto.com Has Let Go of Hundreds of Workers

More crypto companies appear to have laid off their staff members. The only difference between them and Gemini and Coinbase is that they apparently did it in secret. The layoffs occurred some time ago and never made it to the news prior to now. One would assume the companies in question likely sought to avoid publicity for the move given how much flack the previously mentioned enterprises have received for their actions. Among the firms to have let employees go is famed...

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New Crypto Exchange Bit Castle Opens for Business

During a time when many crypto companies and lending firms appear to be on their last legs, during a time when many digital asset enterprises are making their way out the door or cutting back on expenses and operations, others are flourishing, one of which is the new exchange Bit Castle based in the island nation of St. Vincent and the Grenadines (in the Caribbean). Bit Castle Is Now Operational The crypto space has not been doing well these past few months. Several...

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Crypto Commercials Are Beginning to Die Down

Several reports show that crypto television ads are beginning to vanish or die down. What was once a rather prominent thing to do (create crypto commercials) is now almost becoming passe or uninteresting to many media companies. Crypto Commercials Are Vanishing Crypto has taken a lot of flak in recent months. Right now, the space is doing rather terribly when it comes to prices, which could be one of the reasons why so many television ads are no longer making their way...

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Riot Blockchain Earns a Lot of Money for Scaling Back Crypto Mining Energy Use

Riot Blockchain, Inc. is a company that both hosts and mines bitcoin units. In a recent announcement, the company said it received more than $9 million from the Texas state power grid manager to cut back on its mining efforts and give the state a break as it reached peak energy demand from residents and businesses alike. Riot Blockchain Is Willing to Compromise Riot Blockchain is one of the largest, most well-known crypto mining facilities in the world. In a recent...

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The Fed Wants to Pave the Way for Crypto

The Fed has done a sudden reversal of the mind and is calling for Wall Street to put systems in place that will allow banks and other standard financial institutions to better deal with the growing crypto space. The Fed Thinks Crypto Should Be Studied The Fed appears to have been hellbent as of late on bringing the crypto space to its knees. The organization has done nothing but hike interest rates over the past few months as a means of trying to lower inflation....

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Online Crypto Gambler Edward Craven Just Bought a Huge House

Edward Craven is an online crypto gambler and entrepreneur that just bought the most expensive house in Victoria, Australia with his earnings. Edward Craven Owns a Very Expensive Home Craven owns an online crypto casino called Stake.com. As a lover of slot machines, Craven says he’s got a funny feeling that his luck is about to get very serious. He commented in a recent interview: Me personally, I don’t know. I get this funny feeling that my luck is due. At the age of...

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Solana (SOL) Price Analysis: Bears Are Back, Can This Support Hold?

Solana price started a fresh decline from the $39.00 resistance zone against the US Dollar. The price is now trading below $35 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $35.90 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear move below the $32.80 support zone. Solana price is trading below $35 against the US Dollar, similar to bitcoin....

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Bitcoin Price Analysis: BTC Drops Sharply, Key Support Nearby

Bitcoin price started a fresh decline below the $22,000 zone against the US Dollar. The price is now trading below $21,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $20,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $20,000 level in the near term. Bitcoin price is struggling below $21,000 against the US Dollar. BTC might extend...

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Kraken’s Jesse Powell: Don’t Discount Bitcoin

Bitcoin isn’t doing too well as of late. The world’s largest digital currency by market cap has fallen from its November all-time high of approximately $68,000 per unit to the low $20K range at the time of writing, and it doesn’t look like it’s going to pick up steam anytime soon, but according to Jesse Powell – the CEO of crypto exchange Kraken – the asset shouldn’t be discounted, and he’s continuing to buy new units whenever he can. Jesse Powell on Bitcoin: It’s Still...

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