Last weekend, the Bitcoin price fell below the psychologically significant support level of $50,000. Furthermore, the 50 day moving average was breached to the downside and some popular technical indicators – such as the MACD – are flashing bearish warnings. The confluence of downwards price action, bearish signals, and negative news flow (primarily; a rumored…
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Concordium, a privacy-focused blockchain, has just completed its fourth funding round in which the firm raised $36 million; this pushed the valuation of the blockchain firm to around $1.5 billion. The funding round was focused on the Private Placement of its cryptocurrency GTU. The raised capital would be used to expand the works of the…
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Ethereum remained well bid and it broke the $2,500 resistance zone against the US Dollar. ETH price is likely to accelerate higher above $2,550 and $2,600 in the near term. Ethereum is trading in a bullish zone above the $2,500 support level. The price is now trading well above $2,450 and the 100 hourly simple…
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Bitcoin price gained pace and it cleared the $53,000 resistance zone against the US Dollar. BTC is consolidating and it seems ready for more gains above $54,000. Bitcoin remained well bid and it was able to clear the $53,000 resistance. The price is now trading well above $52,000 and the 100 hourly simple moving average.…
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Terra (LUNA) has been moving sideways during the past day but record impressive gains in the weekly chart with a 30.1% profit, at the time of writing. On the 1-year chart, the token has 8,794% in profits. The project has seen several partnerships. However, its core strength seems to be its tokenomics. LUNA moving sideways…
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Vebitcoin crypto exchange based in the southwestern city of Mugla, Turkey, has gone offline. The company’s website home page refers to recent developments that have forced them to cease trading. “Due to the recent developments in the crypto money industry, our transactions have become much more intense than expected. We would like to state with…
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Tesla adding Bitcoin to its corporate treasury back in February was considered an inflection point for the cryptocurrency. A major corporation adopting BTC into its balance sheet seemed like a sign that the BTC has gone mainstream. CEO and “Technoking of Tesla” Elon Musk was apparently convinced by MicroStrategy’s CEO Michael Saylor to follow a…
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The world’s first licensed Bitcoin-led casino operator, Bitcasino, has made the progressive move to add one of the top cryptocurrencies, ADA, to its payment methods. Holders of the cryptocurrency Cardano (ADA) will now be able to join the Bitcasino community and participate in the vast range of games on the platform. Why Add Cardano? Cardano…
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In an interview for Forbes, Cardano’s inventor and the CEO of Input-Output Global (IOG), Charles Hoskinson talked about consensus mechanisms, energy consumption, and the potential future for this industry. Based on interoperability, a subject IOG has been developing, Hoskinson called out Ethereum for trying to “lock” users into its ecosystem. Over the next three to…
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These days IDOs are becoming a preferred fundraising model among many DeFi projects. The community of DeFi users, too are keen to discover new emerging tokens way before everyone else. The fact that there are many IDO platforms already and many more are launching, validates their demand for it. Although there is no lack of…
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