Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons

PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in Liechtenstein. This […]

Buyers Rule Over Algorand’s (ALGO) Price Action, Enough To Break Above $0.26?

The Algorand price has been positive over the last 24 hours. Despite minor gains, the altcoin has been moving north. There have been many updates in Algorand’s ecosystem, which might have brought in a slight appreciation in price. As bulls slowly return to the market, investor interest has also shot up accordingly. The technical outlook of ALGO has depicted that the buyers were dominating the market at the time of writing. Recently, Algorand’s developments have made it compatible with Cardano, which has created more liquidity injection into the ecosystem. This development could encourage venture capitalists to inject more liquidity into Algorand, thereby reflecting positively on its price. Algorand price depicts positive predictions, but it must be remembered that ALGO’s ecosystem is developing. ALGO’s price appreciation is a matter of time as more applications get developed on the platform. For ALGO to topple above the $0.26 resistance mark, buyers have to garner further strength. Related Reading: Metaverse Token Axie Infinity (AXS) Suddenly Pumps 25% – What’s Happening? Algorand Price Analysis: One-Day Chart ALGO was auctioning for $0.24 on the one-day chart after it noted a 1.9% appreciation. At the current moment, it can be said that Algorand is consolidating below its immediate resistance of $0.26. A move above the aforementioned price level will ensure that the altcoin can rally to $0.31. Algorand will lose its current support level unless buying strength increases significantly. In such a case, the nearest support floor for the altcoin was $0.22. The amount of Algorand traded in the last session noted a substantial increase, which indicated that buying strength was shooting up. Technical Analysis Buyers’ interest has returned to the market as the altcoin has started to climb on its chart. The Relative Strength Index spent most of the month in the selling zone, but there had been a recovery on the indicator at press time. For ALGO to touch $0.26, the RSI has to travel above the 50-mark. Similarly, although the Algorand price was progressing upward, it was still below the 20-Simple Moving Average line. With slight accumulation, Algorand would topple above the 20-SMA line. Sellers are currently driving the price momentum. Institutional interest has noted a positive change over the past few trading sessions. There was a downtick in the Chaikin Money Flow, which depicts the capital inflows and outflows. Despite the downtick, CMF was still positive. If capital inflows are to remain above the half-line, demand for ALGO cannot waver. Moving Average Convergence Divergence indicates price momentum and trend change. MACD formed green signal bars after noting a bullish crossover, which meant buyers could act on it and possibly make gains. Related Reading: Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30% Featured image from VOI, Chart: TradingView.com

🎮 Ryan Wyatt started working in Web3 a year ago. Here’s what he learn

Polygon needs no introduction at this point. It's one of the most high-profile layer 2 scaling solutions for Ethereum. It has attracted more than 300 games, making it one of the chains with the highest gaming transaction volume. Also, it has secured high-profile partnerships with: • Meta and Instagram. • Starbucks. • Reddit. One year…
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Treasury officials would have done more for national security by leaving Tornado Cash alone

Tornado Cash contributes to our national security interests more than it undermines them.

Yes whale-addresses are increasing but BTC crab-addresses(1-10BTC) are are at a new ATH and increasing in record speed!

Over the past few days and weeks we have often speculated on how quickly the amount of whale addresses of Bitcoin is very quickly increasing which many would say is unusual as we are still in a bear market and with no sight of light at the end of the tunnel. But the more baffling…
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Vitalik Buterin discusses his 'excitement' for the future of Ethereum

Buterin was specifically bullish on the rise of decentralized blockchain identities to enhance user privacy.

Crypto lender Nexo to quit United States

submitted by /u/PrinceZero1994 [link] [comments]

What do you guys think of Frame Wallet?

I recently discovered Frame while looking for a MetaMask alternative, and I found it's more customizable and has lots of functionality, including being able to appear as MetaMask for more dapp compatibility. It doesn't seem very well known, and there isn't much information online, so I was just wondering what you guys thought of it,…
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Nexo Announces Gradual Departure from the United States • Nexo

submitted by /u/PatientPreparation4 [link] [comments]