Tag Archives: News

Bitcoin price started a fresh decline below the $20,000 zone against the US Dollar. The price is now trading below $20,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $19,550 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 $18,500 level in the near term. Bitcoin price is struggling below $20,000 against the US Dollar. BTC might extend...

The love affair between Elon Musk and Dogecoin is continuing. Despite falling crypto prices and a market that’s never appeared more uncertain, Musk has emerged in recent days to say Dogecoin is the only digital currency that’s truly worth anything and that the coin doesn’t take itself “too seriously.” He also praised its “transactional output.” Elon Musk and Dogecoin: A Match Made in Digital Heaven Musk has been much fairer to Doge than he has to assets like bitcoin, for...

Wazir X – a large and popular digital currency exchange stationed in India – is currently the subject of a financial probe that executives say they’re cooperating with. At the time of writing, the company’s bank balances have been frozen by the Enforcement Directorate (ED). Wazir X Is Being Questioned A spokesperson for the exchange recently stated in an interview: We have been fully cooperating with the Enforcement Directorate (ED) for several days and have responded to...

Sam Bankman-Fried – crypto billionaire and head executive of FTX, one of the largest (and newest) digital currency platforms in the world – is spending millions of dollars on this year’s midterm elections. He has stated in recent interviews that he expects to spend more than $100 million, though people shouldn’t be surprised if he spends up to a billion. Sam Bankman-Fried: How Much Will He Spend? At the time of writing, Bankman-Fried has a net worth estimated to exceed...

ADA price started a fresh increase above the $0.45 resistance against the US Dollar. The price is now trading above $0.47 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.480 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it stays above the $0.480 support zone. Cardano price is showing positive signs above $0.480 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price started a major increase above the $1,600 level against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1,570 on the 4-hours chart (data feed from Coinbase). The pair could gain bullish momentum if it clears the $1,700 resistance zone. Ethereum price is rising above the $1,600 level against the US Dollar. ETH/USD could rise further if it...

North Korea and the United States are once again going at each other’s throats in the name of cryptocurrency activity. This time, it looks like the U.S. has put sanctions in place against North Korea-based crypto mixer Tornado Cash, which at the time of writing, is alleged to have laundered more than $7 billion in digital funds. North Korea Has Been Using Tornado for the Wrong Reasons North Korea has long been the subject of crypto speculation amongst North American...

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

It looks like the Federal Reserve is in something of a giving mood. The agency has announced that with inflation in America coming to a sudden standstill, members are looking to scale back rate hike plans in the coming months. The Federal Reserve Could Stop Hiking Rates Initially, the Federal Reserve was planning to hold another big meeting in September. Now that the month has arrived, several bitcoin enthusiasts were probably shaking in their boots, as every time the...

Stellar lumen price started a fresh decline from the $0.114 resistance zone against the US Dollar. XLM price is now trading above $0.1040 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1040 on the 4-hours chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1080 resistance zone. Stellar lumen price is trading below $0.1080 against the US Dollar,...