Singapore has become a big crypto haven in recent years, largely due to an alleged spike in coronavirus cases. Thanks to the pandemic, many citizens and residents of the country got scared about their financial situations and sought ways to keep themselves safe and wealthy during times of strife. Many People in Singapore Are Investing in Ethereum One of the ways to do this was by diversifying their portfolios, which means more crypto investments. However, rather than...
Read More »EOS Price Analysis: Major Support Nearby At $4.8
EOS price rallied above $5.00 before it faced resistance near $5.95 against the US Dollar. The price is now trading just below the $5.00 support and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $4.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to resume higher unless there is a clear break below $4.80 and $4.65. EOS price is holding gains above $4.80 against the US...
Read More »Litecoin (LTC) Price Analysis: $155 Holds The Key
Litecoin price failed to clear the $188-$190 resistance zone against the US Dollar. LTC price is now trading below $170 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $176 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must stay above the $155 support to avoid more downsides in the near term. Litecoin price is correcting gains from $190 against the US Dollar, similar to bitcoin....
Read More »Mark Cuban Is the World’s Latest Dogecoin Fan
Mark Cuban has become a hardcore cryptocurrency fan in recent months. He’s now come out to sing praises for Dogecoin, which has garnered the attention of several long-term crypto bulls such as Tesla and SpaceX mogul Elon Musk. Mark Cuban Loves Dogecoin The Dallas Mavericks – a basketball team co-owned by Cuban – announced last March that it would be accepting Dogecoin payments for tickets and related team merchandise, making it one of the first sports organizations to...
Read More »Walmart Is Looking to Hire a Crypto Product Specialist
Following in Amazon’s footsteps, Walmart – one of the biggest retailers in the world – has decided to hire a blockchain expert for its team. Walmart Is Building Its Blockchain Team The company is allegedly looking to get involved in the cryptocurrency space and has posted a job advertisement seeking out a qualified “cryptocurrency product lead.” The posting reads as follows: As an expert in digital currencies/ cryptocurrency and blockchain-related technologies, you will...
Read More »New Bill Introduced in India That Would Regulate, Not Ban, Crypto
It looks like the Union Cabinet of India is ready to take on a bill that will potentially regulate cryptocurrency in the country. The Crypto Fight in India Continues The news came by way of Finance Minister Nirmala Sitharaman, who explained on Monday morning: Cabinet note is ready on cryptocurrency bill. I am awaiting cabinet to clear that. The fight between India and cryptocurrency has been going on for several years. Things ultimately began in 2018 when the country...
Read More »Tron (TRX) Price Analysis: Holding Massive Support At $0.08
Tron price started a fresh increase above the $0.0800 resistance against the US Dollar. TRX price is now trading near $0.0850 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0815 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue higher as long as it is above the $0.0810 and $0.0800 support levels. TRON price is trading in a positive zone above $0.0800 against the US Dollar, similar...
Read More »Bitcoin Price Analysis: BTC Starts Downside Correction Below $46K
Bitcoin price failed to clear the $48,000 resistance against the US Dollar. The price is now trading below $46,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $45,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $43,750 and $42,500 support levels in the near term. Bitcoin price is losing pace above $45,000 against the US Dollar. BTC...
Read More »Soccer Player Lionel Messi To Earn a Portion of His Salary in Crypto
Lionel Messi, the famed soccer player, has become the latest athlete to accept at least part of his salary in cryptocurrency. Messi Will Be Paid in PSG Tokens Messi has signed a two-year contract to join the French team Paris Saint-German. There is also a clause that could potentially see his contract expanded by an additional 12 months. It is estimated that he will garner as much as $25-$35 million by being one of the team’s new kickers. But the real clincher behind...
Read More »Will FTX.US Soon Allow Spot Trading?
Brett Harrison – the president of FTX.US, an affiliate of FTX – says that his exchange is looking to offer crypto derivative trading within 12 months. FTX.US Sees Spot Trading in Its Future FTX has become the world’s second largest cryptocurrency exchange after Binance. FTX.US, which is based in California, presently has limited options available to crypto traders when compared with its parent, as at the time of writing, the firm can only provide spot in compliance with...
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