Tag Archives: News

EOS price started a major downside correction from the $3.121 high against the US Dollar.The price traded below the $3.000 and $2.800 support levels.There was a break below a major bullish trend line with support near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is currently holding a crucial support at $2.600, which holds the key in the near term.EOS price is consolidating above a few important supports against the US Dollar, while bitcoin is rising. The...

Litecoin price started a downside correction from the $50.00 resistance against the US Dollar.LTC price declined below the $48.00 support and it is currently consolidating near $45.00.There was a break below a major bullish trend line with support near $46.40 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could spike towards the $4.50 support area before it might start a fresh increase.Litecoin price is slowly moving lower towards key supports against the US...

Ripple is facing a heavy bout of trouble. The company has had another lawsuit filed against it by a company that virtually no one in the cryptocurrency community has heard of.Ripple Is Facing More Legal TroubleThe crypto firm is currently facing another class-action lawsuit from the likes of Bitcoin Manipulation Abatement LLC. The case was filed on May 1 in a U.S. federal district court against both Ripple and its CEO Brad Garlinghouse. Documents pertaining to the case alleged that...

Sun Kissed Industries, Inc.’s Numuni Inc. subsidiary says that it sees bitcoin mining as a key source of revenue for its digital media platform.Numuni Is Getting Into Mining At an Odd TimeThe company works to ensure digital content creators garner funds for their work. The company recently put out a statement suggesting that it may get into bitcoin and cryptocurrency mining in the coming weeks, though it’s probably not thinking everything through.For one thing, miners are about to lose a lot...

Cascadia Blockchain Group Corp. in Vancouver has announced that it has developed a new payment system that would allow for crypto to fiat transactions.Cascadia Empowers Crypto to Fiat PaymentsThe entire payment platform would be powered through debit cards, which would contain the fiat currency that has come from the digital coins in question. Once digital coins are transformed into fiat, they are stored on cards that the customers keep in their wallets. They can then be used for purchasing...

ADA price is trading nicely in a bullish zone above the $0.0450 pivot level against the US Dollar.It is now approaching a major resistance zone near the $0.0495 and $0.0500 levels.There is a major contracting triangle forming with resistance near $0.0495 on the 4-hours chart (data feed via Kraken).The price could either rally above the $0.0500 resistance or correct towards the $0.0400 support.Cardano price is currently consolidating below key resistances against the US Dollar, similar to...

Bitcoin price is currently consolidating gains above the $8,520 pivot level against the US Dollar.It is currently facing a major resistance near the $9,100 and $9,200 levels.There is a major contracting triangle forming with resistance near $9,110 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,100 and $9,200.Bitcoin price is showing bullish signs above $8,800 and $8,520 against the US Dollar. BTC is...

Binance – the world’s largest and most popular cryptocurrency exchange by trading volume – has issued a new report praising Libra.Libra Gets Touted by a Major ExchangeThe exchange refers to Libra as a “gamechanger” in the payments industry and believes that it could potentially bring financial services to people who would otherwise always be cut out by banks and traditional finance institutions. The report explains:It is important to note that there are very few payment systems, and most of...

The Libra Association has garnered a new addition to its family in the form of Checkout.com.Libra Is Growing AgainThe company announced last Tuesday that it would step aboard the Libra Association and serve as a governing member. In the future, Checkout.com will serve as one of the Libra leaders and help the organization assert governing regulations for how the currency can be used and what it can be used on.In a statement, the company announced:The Libra project holds the promise of...

Andreessen Horowitz (a16z) – a well-known venture capital firm – has announced it will be creating a second fund devoted entirely to digital currencies.a16z Creates Fund Number TwoThe company says it’s looking to center its focus on new use cases for digital assets including decentralized finance, payment systems and content monetization. The firm first gave rise to a cryptocurrency fund back in June of 2018. Approximately $300 million was invested in it. This second fund will be worth more...