Tag Archives: News

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have charged both Abra and Plutus Technologies for swapping securities and selling unregistered shares to retail customers. Both companies have agreed to settle the charges and pay fees of more than $150,000 each to clear their names.Abra Agrees to SettleIn a statement, Daniel Michael – chief of the SEC Enforcement Division’s Complex Financial Instruments Unit – explained:Businesses cannot ignore...

The town of El Zonte in El Salvador is one of the first to resort entirely to bitcoin to keep its economy and infrastructure stable.El Zonte: A Town of Bitcoin EnthusiastsThe digital funds came by way of an anonymous donor who ultimately discovered some lost bitcoin he had purchases several years ago. Following several attempts to remember his password, the donor ultimately gained access to the wallet and partnered with a San Diego native named Michael Peterson to shell out annual, six-figure...

Bitcoin may be the world’s number one cryptocurrency by market cap, but it’s Ethereum that seems to be all the rage amongst both crypto enthusiasts and developers everywhere as of late.Ethereum Is Getting Bigger and BiggerEthereum is only the world’s second largest cryptocurrency, but it is the number one competitor to bitcoin. Still a relatively new currency by comparison (it was unveiled in 2015), the asset has established itself as the leading asset in the smart contracts space, attracting...

ADA price gained bullish momentum above the $0.1200 resistance area against the US Dollar.The price is currently consolidating gains above the $0.1250 and $0.1200 support levels.There is a key breakout pattern forming with support near $0.1235 on the 4-hours chart (data feed via Kraken).The price could continue to rise towards $0.1500 as long as it is above the $0.1200 support.Cardano price is trading in strong bullish zone against the US Dollar and bitcoin. ADA price seems to be aiming more...

Bitcoin price is currently consolidating above the $9,120 and $9,100 support levels.It is facing a strong resistance near $9,275 and the 55 simple moving average (4-hours).There is a crucial breakout pattern forming with resistance near $9,275 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must climb above the $9,275 and $9,325 resistance levels for a fresh rally.Bitcoin price is struggling to clear a few key hurdles near $9,300 against the US Dollar. BTC could...

An investigation into the Tether stable currency is presently underway following a request granted by an appeals court to the New York Attorney General’s office.Tether Is Under FireThis presents a major problem for Tether developer Brock Pierce, one of the top dogs in the world of digital assets. The 39-year-old recently announced his plan to run for president as an independent (with only four months left to go before the election) and is opening his campaign with several unique promises such...

There appears to be a running theme of mixing politics with crypto, and the latest example comes by way of former Ron Paul campaign manager Craig Bergman.Bergman Sees Crypto in a New LightBergman was the political director for the Ron Paul 2008 presidential campaign. Since exiting the political spectrum, he has served as the president and CEO of a cryptocurrency mining company called Vortex Blockchain Technologies Inc. At the time of writing, the company currently focuses on mining bitcoin...

Is bitcoin readying itself for another bull run? According to crypto executive Charles Edwards and what’s known as the Hash Ribbon indicator, the answer is “yes.”The Hash Ribbon Is Appearing Once AgainThe last time a “Hash Ribbon” appeared was in late April. At that time, the world’s number one cryptocurrency by market cap was trading for around $7,500, more than $3,000 higher than where it had stood during the coronavirus peak in mid-March. From there, bitcoin ultimately rose to as high...

Tron price started a downside correction from the $0.0190 zone against the US Dollar.TRX price declined below $0.0180 and it is currently trading near the $0.0172 support zone.There is a crucial contracting triangle forming with resistance near $0.0181 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong downward move if it breaks the $0.0172 and $0.0170 support levels.TRON price is trading near a major support zone against the US Dollar, similar to bitcoin. TRX price...

Ethereum price started a downside correction from the $249 swing high against the US Dollar.ETH price is currently consolidating above the $236 support and near the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $244 on the 4-hours chart (data feed from Coinbase).The pair could either climb again towards $250 or it might dive below the $236 support.Ethereum price is struggling to stay above the $236 support against the US Dollar. ETH/USD...