Tag Archives: News

A new survey suggests that many of the young people that garnered stimulus money from the government during the COVID-19 pandemic spent their funds on stocks and cryptocurrency. Survey Says, “Young People Enjoy Crypto!” This is to be expected in many ways considering the extraordinary level of distrust that many millennials and members of younger generations have towards standard banks and financial institutions. Many of these individuals grew up during the time of the...

Stellar lumen price failed to gain strength above $0.3800 against the US Dollar. XLM price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $0.3590 on the 4-hours chart (data feed via Kraken). The pair is likely to continue lower as long as it is below the $0.3700 resistance. Stellar lumen price is slowly moving lower below $0.3500 against the US Dollar, similar to bitcoin. XLM...

Ripple price failed to settle above $1.30 and corrected lower against the US dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $1.210 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down as long as it is below $1.200 and $1.205. Ripple price is holding gains above the $1.00 support against the US Dollar, similar...

Bitcoin ATM operator Coin Flip is growing like crazy. The company is now opening a new office in the old Post Office area of Chicago, Illinois. Coin Flip Is Getting Really Big Beginning in the year 2015, Coin Flip has become one of the largest and fastest-growing crypto ATM firms in the country. At the time of writing, the enterprise employs more than 200 employees and is looking to add even more by the end of 2021. The company has recently earned a big grant from the...

Social media platform Tik Tok appears to have changed its rules and regulations. As a result, many crypto and blockchain-related videos are getting taken down, though their posters say they have not committed any wrongdoing. Tik Tok Isn’t Crazy About Crypto Videos Tik Tok says it is disallowing any videos that promote illegal activities and/ or regulated goods. Here is the real irony: bitcoin and crypto is not fully regulated anywhere in the world. Thus, how could any...

The debacle in Afghanistan continues, and the incompetence of Joe Biden and his cronies in the U.S. is becoming more evident than ever. Figures like Muhammad Ali sought to bring a whole new level of crypto-based innovation to the country before the Taliban took over. Now, Ali finds himself not a crypto-based business developer, but a fugitive on the run. Muhammad Ali Cannot Engage in BTC Activity in Afghanistan In a recent interview, Ali claimed that he was fleeing...

Leading software firm MicroStrategy has purchased another $177 million in digital currency and bitcoin. This brings the company’s total investment to a whopping $5.3 billion at the time of writing, making it the biggest institutional holder and supporter of BTC over the past year. MicroStrategy Now Holds More than $5 Billion in BTC MicroStrategy initially began investing in bitcoin about a year ago in August of 2020. Since then, it began a series of purchases that...

A new politician running for office in Illinois is accepting cryptocurrency donations for her campaign. Holly Kim, a registered democrat, is running for another term as Lake County Treasurer, and is officially the first politician in the state to say “yes” to bitcoin and various altcoins to boost her campaign. Holly Kim Loves Her Crypto The process began when a supporter gifted her with three dollars in Litecoin. The supporter also said that they would be sending more...

Florida has gained access to another cryptocurrency exchange today through Blockchain.com, making this the third official exchange Floridians can utilize for trading, buying, and selling digital assets. Florida Citizens Are Now Permitted to Trade Through Blockchain.com Valued at approximately $5 billion at the time of writing, Blockchain.com is based in London but is looking to hire dozens of people in Miami, a city known as a growing tech hub and crypto base. Thus far,...

El Salvador was serious when it said it was making bitcoin a legal currency within its borders, and anyone who didn’t believe the nation’s regulators are likely getting a good kick in the pants right about now. El Salvador Is Moving Up the Crypto Ladder The Central American country has begun rolling out bitcoin ATMs to begin allowing individuals to trade their crypto for fiat and vice versa. Thus far, about 200 separate machines have been installed. The country is still...