Tag Archives: News

Is decentralized finance (DeFi) dying? Or here’s a better question… Is the DeFi space on the verge of suffering?The DeFi Space Isn’t as Strong as It Used to BeThese are the thoughts that are likely going through the minds of crypto analysts and industry experts alike at the time of writing. Bitcoin has been the biggest digital hit of 2020, having risen by more than 50 percent since mid-March. The currency is doing better than ever, but it’s come with a catch. All those who were invested in...

Well, the news is out. We’re on the verge of fully developing a coronavirus vaccine. The remedy comes by way of Pfizer, which is one of many companies that have been working on a formula to combat this deadly disease that has been putting certain portions of the world on lockdown for roughly eight months. This is good news to say the least, and yet it appears to have had a negative effect on bitcoin, which seemingly fell by more than $1,000 after the announcement was made.Bitcoin Falls After...

China is proving itself to be a hard nut to crack when it comes to crypto. The country is on the verge of releasing its new digital yuan to the public, and already the nation wants to make sure it doesn’t have any competition to worry about. Thus, it is cracking down on all cryptocurrency exchanges, and it appears another one doing business in China has just shut its doors permanently.China Has Shut Down Another Trading FirmToken Better is a prolific cryptocurrency trading platform based in...

EOS struggled to continue higher above $2.627 and declined recently against the US Dollar.The price is currently trading above the $2.435 support and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.552 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong rally if it clears the $2.552 and $2.620 resistance levels in the near term.EOS price is struggling to gain bullish momentum above $2.600...

Litecoin price started a downside correction after testing the $65.00 resistance against the US Dollar.LTC price is currently testing the $58.00 support and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $60.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to resume its rise if it clears the $60.00 resistance level in the near term.Litecoin price is correcting gains and trading near $58.00 against...

Is bitcoin about to fall behind? This is a question that’s making its way through many analysts’ heads given that over the past several days, bitcoin has hovered in one spot.Bitcoin May Be Encountering a Few BarricadesThe currency is presently trading for around $15,365, which is in the middle of the range it’s been traversing over the past week. Many analysts believed that if bitcoin was retaining its previous momentum, it would have likely hit $16,000 by now, though that isn’t necessarily...

India is looking to potentially set up cryptocurrency-based banks within its borders. This creates a rather interesting scenario in that the country cannot seem to decide if it wants to ban crypto transactions for the future, though until that decision is made, it’s going to cash in on everything crypto has to offer.Will India Have a Ban or Won’t It?Recently, the ban that was in place in India – one that prevented banks from working with crypto-based businesses and applications – was deemed...

2020 has been a major year for fraudulent activity involving cryptocurrency, and now comes a new case to be added to the record books. As Seminole County Tax Collector, Joel Greenberg is accused of misusing taxpayer funds to purchase crypto servers and a whole lot of other items for himself.Greenberg Is Now Facing the MusicWe see this all the time with projects such as initial coin offerings (ICOs) and similar ventures. The people in charge decide that they’re going to charge a certain amount...

Tron price started a downside correction after trading as high as $0.0267 against the US Dollar.TRX price is currently just above $0.0250 and the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance at $0.0252 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a strong increase if there is a clear break above $0.0252 and $0.0255.TRON price is currently consolidating above a key support against the US Dollar, similar to bitcoin...

Bitcoin price started a strong increase above the $14,000 and $15,000 resistance levels against the US Dollar.The price is now trading well above the $15,000 support and the 55 SMA (H4).There is a key bullish trend line forming with support near $15,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but there are high chances of more upsides towards $16K.Bitcoin price is showing bullish signs above the $15,000 zone against the US...