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Tag Archives: News

Cardano (ADA) Price Analysis: Rally Could Face Hurdles Near $1.30

ADA price started a fresh increase above $1.10 against the US Dollar. The price is now trading above $1.10 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $1.052 on the 4-hours chart (data feed via Bitfinex). The price could rise further, but it might face resistance near the $1.30 zone. Cardano price is gaining pace above $1.20 against the US Dollar, unlike bitcoin. ADA price could start another...

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Ethereum Price Analysis: ETH Rallies Above $3K

Ethereum price started a fresh increase from the $2,800 zone against the US Dollar. ETH price is now trading above $2,800 and the 55 simple moving average (4-hours). There is a crucial rising channel forming with support near $2,820 on the 4-hours chart (data feed from Coinbase). The pair could continue to move rise if there is a clear move above the $3,200 resistance. Ethereum price is showing positive signs above $2,800 against the US Dollar. ETH/USD might rally...

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Jumaane Williams: New York Should Not Engage in Crypto Mining

Jumaane Williams – a democratic gubernatorial candidate that’s seeking office in New York – says he wants to end a lot of the crypto mining that’s occurring in the Big Apple. While he’s not against crypto mining completely, he says he wants most facilities shut down so they can take time to reevaluate all the energy they’re using. Williams Wants NY to Take a “Mining Break” Williams made the announcement at a winery in the Finger Lakes, which recently saw the Greenidge...

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Jerry Klein: Businesses That Buy BTC Are Making A Big Mistake

There are many companies out there showing a more open-minded attitude towards crypto. They are purchasing the digital asset in spades and adding it to their balance sheets. They are also potentially interested in accepting it as a form of payment. According to Jerry Klein – managing director of the investment firm Treasury Partners in New York – it’s a big mistake when firms open their hearts to BTC and other forms of crypto. Jerry Klein Doesn’t Think Companies Should...

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Fidelity Thinks Bitcoin Is the Best Crypto

Fidelity – an investment platform – has called bitcoin a “superior” form of money, and it doesn’t think any other form of crypto is likely to surpass it. Fidelity Thinks Bitcoin Is the Strongest Crypto It’s unclear if Fidelity is a crypto fan or not, though it seems to recognize all the headway the currency has made in recent years. Not long ago, the company announced that many more countries are likely to follow in the footsteps of El Salvador, which was the first nation in the world to...

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Stellar Lumen (XLM) Price Aims Larger Increase To $0.28

Stellar lumen price started a fresh increase above the $0.20 zone against the US Dollar. XLM price is now trading above $0.2200 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.2065 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if there is a clear break above $0.2300. Stellar lumen price is trading in a positive zone above $0.2000 against the US Dollar, similar to...

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Ripple Price Analysis: Bulls Gain Strength Above $0.65

Ripple price started a fresh increase above the $0.60 zone against the US dollar. The price is now trading above $0.7000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.6680 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.7250 resistance level. Ripple price is trading in a bullish zone above $0.6000 against the US Dollar, like...

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Bitcoin Entrepreneurs Are Buying Luxury Yachts

Raphael Sauleau is the CEO of Fraser, a firm that specializes in luxury boats. He says young people are becoming bitcoin millionaires, and many of them are now in the habit of buying yachts. Yachts Are the Objects of Desire for BTC Investors Aside from being early bitcoin investors, a lot of them have high-paying jobs in hedge funds and startups. They all seem to share the same dream – to purchase yachts and sail the seven seas. They are using the bitcoin they’ve earned...

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El Salvador Mocks the IMF, Says It Will Keep Using BTC

Nayib Bukele – the president of the Central American country of El Salvador – is telling the International Monetary Fund (IMF) to “talk to the hand” because he’s clearly not listening. El Salvador Isn’t Listening to the IMF Not long ago, the IMF made headlines when it practically got down on its knees and begged El Salvador to reject bitcoin forever and dismiss its newfound crypto agenda. Nothing good could come of BTC in the agency’s mind given that the asset is prone...

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Dorsey: BTC Should Have Been Zuckerberg’s Main Project

In a recent interview, Jack Dorsey – the man behind billion-dollar companies such as Square and Twitter – said that Mark Zuckerberg – the CEO of Facebook, now Meta – was wrong to try and start his own cryptocurrency venture, and he feels things would have been more successful if he had focused on bitcoin. Jack Dorsey Is Critical of Diem BTC is the world’s largest and most popular cryptocurrency. Dorsey has long been a fan, working to enhance trading through Square and...

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