Tag Archives: News

Michael Saylor – bitcoin bull and the CEO of software giant MicroStrategy – has announced that he is leaving his post as the chief executive of the firm that has ultimately made institutional investing in digital currency a popular fad. Michael Saylor Is No Longer CEO of MicroStrategy Saylor has long been a fanatic of bitcoin, claiming in the past that it will be the future of finance. Unfortunately, he has made several monetary decisions surrounding bitcoin that have...

Is Ethereum about to overtake bitcoin? Ethereum Is Getting Much Bigger This was the question on several analysts’ minds as the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin announced a few weeks ago that it was getting closer to its long-sought merge. The process will involve Ethereum transforming into Ethereum 2.0. The network is switching from a proof of work (PoW) module to proof of stake (PoS). This will allegedly make...

ADA price failed to surpass the $0.500 resistance and declined against the US Dollar. The price is now trading below $0.500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.460 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.425 support zone. Cardano price is struggling below $0.50 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price started a fresh decline from the $1,700 zone against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,570 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,420 zone. Ethereum price is struggling below $1,600 against the US Dollar. ETH/USD remains at a risk of more...

The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto Ponzi scheme that may have taken as much as $300 million from investors. A Crypto Ponzi Scheme Has Been Shut Down The Ponzi scheme – which operated under the name Forsage – had been in operation for more than two years at the time the charges were filed. The founders – along with several individuals that had been hired as promoters – were then thoroughly...

There was a time when a store accepting crypto payments was not the norm. In fact, it was downright wacky. There were many companies that were concerned about accepting digital assets as forms of payment due to their volatility, but according to a new survey conducted by financial giant Deloitte, as many as 75 percent of America’s retailers are planning to accept digital currency payments within the next two years. Crypto Payments Are Becoming More Popular Moves like...

Two men hailing from Orange County have been sentenced to prison terms for their roles in a crypto scam that may have cheated investors out of nearly $2 million. Sentencing was passed to Jeremy David McAlpine (26 years old) of Fountain Valley, California, and Zachary Michael Matar (29 years of old) of Huntington Beach, California on Monday, August 1. Jeremy McAlpine and Zachary Matar Sentenced to Prison The former was sentenced to three years, while the latter will spend...

Stellar lumen price started a fresh decline from the $0.115 resistance zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1070 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.100 and $0.0980 support levels. Stellar lumen price is trading below $0.1050 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3700 resistance against the US dollar. The price is now trading below $0.340 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it breaks the $0.320 and $0.318 support levels. Ripple price is declining below $0.350 against the US Dollar, similar to...

Not long ago, Harmony – a crypto exchange based in northern California – was the victim of a cyberattack that ultimately resulted in more than $100 million in digital currency funds being stolen. Harmony Is Looking to Give People Their Money Back The company has taken several measures to get its money back and make the situation better for its clients. Among the proposals it has made is this latest one in which executives want to issue nearly five billion new crypto...