Tag Archives: News

Bitcoin price failed to gain pace above the $49,000 resistance against the US Dollar. The price is now trading below $48,000 and the 55 simple moving average (4-hours). There are two bearish trend lines forming with resistance near $48,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must stay above the $46,500 support level to continue higher in the near term. Bitcoin price is struggling to climb above $48,000 against the US Dollar. BTC...

Binance is improving Singapore’s status as a cryptocurrency and bitcoin hub through its latest hiring maneuvers. The world’s number one digital currency exchange by daily trading volume has announced that it is bringing Richard Teng onboard as the new CEO for its Singapore office. Binance Is Expanding in Singapore Teng is a previous Singapore Exchange executive who’s got the skills the company needs to ensure digital currency protocols move forward appropriately. In a...

Cryptocurrency miners from China are now beginning to set up shop in neighboring countries such as Russia and Kazakhstan. As a result, they are coming back online to extract new bitcoin units, and they are again presenting serious competition to miners in the United States and other bitcoin havens. Miners in China Are Setting Up Shop Elsewhere Not long ago, Beijing ruled that all mining in China was to be banned, claiming that the hazards of bitcoin mining were simply...

Accelerate Financial Technologies Inc. is planning to unveil a new bitcoin-based exchange-traded fund (ETF) soon, and in return, the company has stated that it will plant more than 3,000 young trees as a means of fighting the carbon footprint that mining bitcoin is alleged to leave behind. Accelerate Financial Technologies Is Trying to Offset Bitcoin’s Negativity Over the past several months, there have been many arguments that mining cryptocurrency is somehow hazardous...

ADA price started a fresh increase above the $2.50 resistance against the US Dollar. The price is now trading near $2.75 and the 55 simple moving average (4-hours). There is a key bullish flag pattern forming with resistance near $2.85 on the 4-hours chart (data feed via Bitfinex). The price could start another strong increase if it clears the $2.90 resistance zone in the near term. Cardano price is showing positive signs above $2.60 against the US Dollar, similar to...

Ethereum price is holding gains above the $3,150 support against the US Dollar. ETH price is now trading near $3,200 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3,150 on the 4-hours chart (data feed from Coinbase). The pair could continue to rise as long as it is above $3,150 and $3,140. Ethereum price is showing bearish signs below $3,250 against the US Dollar. ETH/USD must stay above the $3,150 support to...

Michigan football player Cade McNamara has teamed up with a company called More Management. The clincher? The up-and-coming quarterback is signing a new deal that will allow him to get paid in crypto for appearances and social media posts. Cade McNamara Is Working with More Management More Management deals in crypto membership services and digital collectibles like non-fungible tokens (NFTs). The firm also boasts its own digital asset known as “MORE,” which trades on...

Benyamin Ahmed is a 12-year-old kid that recently discovered the world of non-fungible tokens (NFTs). He’s become so intrigued that he’s made a serious career choice before he’s even a teenager. Ahmed is now making NFTs and selling them online, and he’s gotten nearly $400,000 for doing so. Benyamin Ahmed Has Made NFTs His Life Ahmed is a typical kid in many ways. He goes to school like everyone else, and when he’s out for the day, he’s got a solid list of hobbies that...

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...