Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

What if a DAO bought Alexa from Amazon?

I feel like alexa is a money maker, just not in the model that Amazon was using it for. There are hundreds of thousands of Alexa devices all over the world. Surely the crypto community could use them and make something out of that. I would happily pay some eth every month as a subscription…
Read more

Cold Storage HELP!

I bought my ETH on Coinbase and I want to move it into cold storage. Can you please recommend the best device? Also, what’s the best software interface to use with this device? Do I need to know anything else? THANK YOU! submitted by /u/BuzzardLightning [link] [comments]

Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs

The Texas State Securities Board is scrutinizing payments received by celebrities to endorse FTX US, as part of a wider probe into FTX’s collapse.

Sam Bankman-Fried deepfake attempts to scam investors impacted by FTX

A faked video the FTX founder created by scammers has circulated on Twitter with users poking fun at its poor production quality.

XRP Price Holds Ground While BTC and ETH Slide, Here’s Breakout Zone

Ripple failed to clear $0.40 and corrected lower against the US Dollar. XRP price could start a decent increase if it stays above the $0.345 support zone. Ripple started a fresh decline from the $0.40 resistance zone against the US dollar. The price is now trading below $0.380 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.371 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if it clears the $0.388 resistance zone. Ripple Price Remains Supported This past week, ripple’s XRP attempted an upside break above the $0.40 resistance against the US Dollar. However, the bears remained active near $0.40 and pushed the price lower. However, the recent decline was limited when compared to bitcoin and ethereum. The price declined below the $0.372 and $0.365 support levels. It traded as low as $0.3458 and is currently consolidating losses. It is trading below $0.380 and the 100 simple moving average (4-hours). XRP price is now facing hurdles near $0.370. It is close to the 50% Fib retracement level of the downward move from the $0.3954 swing high to $0.3458 swing low. There is also a key bearish trend line forming with resistance near $0.371 on the 4-hours chart of the XRP/USD pair. A successful break above the trend line resistance might send the price towards the $0.380 resistance or the 76.4% Fib retracement level of the downward move from the $0.3954 swing high to $0.3458 swing low. Source: XRPUSD on TradingView.com The next key resistance is near the $0.388 level. The main barrier is still near the $0.40 level. Any more gains might send the price towards the $0.45 level. Dips Supported in XRP? If ripple fails to clear the $0.388 resistance zone, it could slowly move down. An initial support on the downside is near the $0.345 level. The next major support is near $0.332. If there is a downside break and close below the $0.332 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.345, $0.332 and $0.320. Major Resistance Levels – $0.371, $0.388 and $0.400.

US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up

The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has “serious problems.”

What to do after taking ETH out of a CeX?

I got a $200 ETH on Binance. I am planning to get it off of there. What's the best defi staking option? I've seen rocketpool being mentioned a few times, is it the best option for me? Do I just exchange my ETH for rETH and keep it in my ledger? Or should I just…
Read more

South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report

A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most Impacted by FTX Failure South Korea, Singapore, and […]

Ethereum Price Plunges, Why ETH Could Soon Dive Below $1,000

Ethereum traded below the $1,150 support against the US Dollar. ETH is gaining bearish momentum and might dive below the $1,000 support zone. Ethereum remained in a bearish zone below the $1,150 and $1,120 support levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses below $1,050 and $1,000 in the near term. Ethereum Price Turns Red Ethereum price started another decline from the $1,250 resistance, similar to bitcoin. ETH followed a bearish path and settled below the $1,200 pivot level. The bears gained pace for a move below the $1,150 level and the 100 hourly simple moving average. It traded to a new monthly low at $1,078 and is currently consolidating losses. Ether is now trading below $1,150 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,100 level. There is also a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH/USD. The trend line is close to the 23.6% Fib retracement level of the downward move from the $1,232 swing high to $1,078 low. The next major resistance is near the $1,150 level or the 100 hourly simple moving average. The 50% Fib retracement level of the downward move from the $1,232 swing high to $1,078 low is also near $1,155. Source: ETHUSD on TradingView.com The main resistance is now near $1,200. A clear break above the $1,200 resistance could send the price towards the $1,250 resistance zone. Any more gains might open the doors for a test of the $1,300 resistance zone. More Losses in ETH? If ethereum fails to climb above the $1,155 resistance, it could continue to move down. An initial support on the downside is near the $1,080 level. The next major support is near the $1,000 level, below which ether price may perhaps gain bearish momentum. In the stated scenario, the price could decline towards the $920 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,080 Major Resistance Level – $1,155

Chainlink Rally In Social Activity Hits ATH Of 44,173 – Will LINK Price Climb As Well?

There has been an expected uptick in the Chainlink protocol’s optimism recently. This is due to the fact that the BUILD program is a part of Chainlink’s next protocol upgrade, Chainlink Economics 2.0. The initial 10 BUILD program projects were announced on Chainlink’s official Twitter account. This clearly increased the amount of online discussion on the project. Chainlink’s native token LINK’s social activity has increased from 35,540 yesterday to 44,173, and it’s likely to continue rising in the days ahead. Give a welcome to the first 10 #Chainlink BUILD projects:@SpaceandTimeDB@truflation@bitsCrunch@KryptonProtocol@InterestDeFi@Galaxisxyz@mycelium_xyz@Dolomite_io@caskprotocol@chainml_ Building the future of Web3? Take your dApp to the next level: https://t.co/uIUNQltMbO pic.twitter.com/29oCUSQFVP — Chainlink (@chainlink) November 18, 2022 Related Reading: Avalanche TVL Hits 271 Million AVAX, Following Weeks Of Setbacks Connecting the Dots Unfortunately, the price of LINK has not reflected the company’s strong social performance. CoinGecko statistics shows that LINK is still giving off critical sell signals. The token’s current price of $5.70 doesn’t help, either. According to data compiled by CryptoQuant, however, the amount of tokens held in exchange have substantially dwindled during the past several days. Oversold RSI and Stoch RSI readings, together with other positive indicators, point to a likely trend reversal in the next several days. As the situation improves, the commodities channel index is also rising, indicating a likely improvement in asset confidence. However, LINK’s DMI remains negative with a -DMI of 25.54 and an ADX of 26. According to the RSI and Stoch RSI readings, this indicates that the downtrend is still strong and that a little reversal is unlikely. In spite of the negative market, these factors show what appears to be a bright near future for LINK. LINK’s price action is located at the bottom of the central Bollinger band, indicating volatility. This means that the price will continue to decline from its current market position. Chaikin’s money flow index indicates total bearish control at -0.13, although MFI readings follow LINK’s RSI, further indicating an imminent pullback. The Unstable Link Although there are numerous indicators suggesting that the token will rally, there are also numerous technical indicators pointing to a bleaker future for LINK. Knowing this, proceeding with caution and keeping an eye on the leading cryptocurrencies can aid in making a buy-or-sell choice. Nonetheless, investors and traders should not anticipate a relief rally at this time. Expect more pain in LINK as the bear market continues, but this little respite will give LINK holders hope for a positive long-term outlook. Related Reading: Polkadot Snags No. 1 Spot In Dev’t Activity This Month – Time To Go Long On DOT? LINK total market cap at $2.9 billion on the weekend chart | Featured image from Medium, Chart: TradingView.com