Tag Archives: News

It looks like the Union Cabinet of India is ready to take on a bill that will potentially regulate cryptocurrency in the country. The Crypto Fight in India Continues The news came by way of Finance Minister Nirmala Sitharaman, who explained on Monday morning: Cabinet note is ready on cryptocurrency bill. I am awaiting cabinet to clear that. The fight between India and cryptocurrency has been going on for several years. Things ultimately began in 2018 when the country...

Tron price started a fresh increase above the $0.0800 resistance against the US Dollar. TRX price is now trading near $0.0850 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0815 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue higher as long as it is above the $0.0810 and $0.0800 support levels. TRON price is trading in a positive zone above $0.0800 against the US Dollar, similar...

Bitcoin price failed to clear the $48,000 resistance against the US Dollar. The price is now trading below $46,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $45,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $43,750 and $42,500 support levels in the near term. Bitcoin price is losing pace above $45,000 against the US Dollar. BTC...

Lionel Messi, the famed soccer player, has become the latest athlete to accept at least part of his salary in cryptocurrency. Messi Will Be Paid in PSG Tokens Messi has signed a two-year contract to join the French team Paris Saint-German. There is also a clause that could potentially see his contract expanded by an additional 12 months. It is estimated that he will garner as much as $25-$35 million by being one of the team’s new kickers. But the real clincher behind...

Brett Harrison – the president of FTX.US, an affiliate of FTX – says that his exchange is looking to offer crypto derivative trading within 12 months. FTX.US Sees Spot Trading in Its Future FTX has become the world’s second largest cryptocurrency exchange after Binance. FTX.US, which is based in California, presently has limited options available to crypto traders when compared with its parent, as at the time of writing, the firm can only provide spot in compliance with...

Alex Jones – a far-right media personality and the man behind Infowars – has lost a lot of bitcoins. Alex Jones Loses A Lot of BTC In a recent podcast episode, Jones told his guests that he had accidentally lost a laptop gifted to him by his friend Max Keiser, a hardcore cryptocurrency advocate. This laptop contained as many as 10,000 bitcoin units on it, and he had gotten the laptop about ten years prior when bitcoin was trading for just a few cents at most. Today,...

At 19 years old, Stefan Qin – a self-proclaimed math prodigy – thought it would be a great idea to leave his university studies in Australia and relocate to New York to start two cryptocurrency hedge funds. Now, at 24, he has pled guilty to a scam that could land him a 20-year jail sentence. Stefan Qin Pleads Guilty Qin is the man behind Virgil Sigma and VQR, two cryptocurrency-based hedge funds. He told clients that he had developed algorithms that allowed him to...

Stellar lumen price started a decent increase above the $0.3000 resistance against the US Dollar. XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher above the $0.4000 and $0.4050 resistance levels. Stellar lumen price is showing positive signs above $0.3500 against the US Dollar, similar...

Ripple price gained traction and it rallied above $1.00 against the US dollar. The price is now trading well above the $1.10 resistance and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $1.32 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $1.10 support zone. Ripple price is trading in a positive zone above $1.10 against the US...

The Poly Network – which hosts several blockchains such as Binance, Ethereum and Polygon – has been hacked, resulting in more than $610 million worth of cryptocurrency being stolen. This is the largest decentralized network attack in the history of the cryptocurrency space. The Poly Network Is the Latest Crypto Hack Victim In a recent Q&A session regarding the event, a participant spoke out and claimed to be the person behind the attack. In the session, the...