Tag Archives: News

Javelin Strategy & Research has brought James Wester onboard as its new director of cryptocurrency. Javelin Strategy & Research Adds James Wester to Its Team The move is a testament to how popular crypto remains despite the onslaught of prices. Bitcoin, for example, is the world’s number one digital currency by market cap. In recent months, the asset has lost more than 70 percent of its value, having dropped from a new all-time high of about $68,000 per unit in...

XP Inc – a brokerage firm in Brazil – is allowing its clients to invest in digital currencies, suggesting that despite prices crashing in recent months, these new assets are still as popular and as sought after as ever. At the time of writing, the company will purely offer access to both bitcoin and Ethereum, though executives say they have every intention of expanding their listings by the end of the year. XP Inc Is Allowing Users to Trade Crypto Lucas Rabechini – the...

ADA price failed to surpass the $0.600 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 major bullish trend line with support near $0.540 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.436 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 $2,000 zone against the US Dollar. ETH price is now trading below $1,700 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $1,840 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,520 zone. Ethereum price is struggling below $1,700 against the US Dollar. ETH/USD remains at a risk of...

North Korea isn’t too happy that it’s been called out by the United States for its repeated roles in cyberattacks designed to make off with stolen digital currency funds. The country is home to several hacking groups – including Lazarus, one of the most notorious organizations of its kind – and has allegedly stolen several billion dollars in digital currency over the years as a means of funding its ongoing nuclear program. North Korea and Its Long, Illicit History The...

California – which arguably has some of the strictest financial laws in the United States – is lifting a recent ban on political candidates accepting cryptocurrency donations. Thus, anyone running for office in the Golden State can now accept donations in the form of BTC, Ethereum, or any other digital asset. California Permits Crypto Political Donations The ban on crypto donations in California had been in place since 2018. The reversal occurred at the hands of the Fair...

Audius – a non-fungible token (NFT) music platform – is the latest victim of a cybertheft. Attackers made off with approximately $6 million in digital currency units. Audius Loses a Lot of Crypto The big clincher with Audius is that it puts all the power in the hands of those who share their music with users on the enterprise. As a fully decentralized platform, musicians can post their songs which are then purchased in the forms of NFTs. From there, they earn all the...

Stellar lumen price started a fresh decline from the $0.13 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.1240 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.105 and $0.100 support levels. Stellar lumen price is trading below $0.1250 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3900 resistance against the US dollar. The price is now trading below $0.355 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.3780 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 $0.330 and $0.325 support levels. Ripple price is declining below $0.355 against the US Dollar, similar...

The high number of fake crypto trading apps has earned the attention of the Federal Bureau of Investigation (FBI). The organization is now issuing warnings to traders saying they need to do their due diligence before utilizing a crypto investing platform or application so that they don’t fall victim to potential scams. The FBI Is Noticing a Lot of Fake Crypto Apps The FBI says since the beginning of 2022, nearly 30 separate individuals have lost close to $4 million after...