Category: Cryptocurrency News

One of the biggest banks in America once again paid a billion-dollar-scaled fine for the illegal treatment of its customers.

Always good to go back to the basics from time to time. What is Bitcoin? Bitcoin is a decentralized digital currency that is based on a peer-to-peer network. It was created in 2009 by an anonymous individual or group of individuals known as Satoshi Nakamoto. What can you do you it? Users can send and…
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While on-chain stablecoins settlements are growing rapidly, many people pointed out that comparing stablecoin settlements to Visa transactions is not fair as they represent two different things.

Former Alameda Research CEO could be released on a $250,000 bail, but she’s not allowed to leave the United States.

Cryptocurrency exchange Binance is behind an initiative to qualify university students in Kazakhstan to work in the industry. Under an agreement with the government, the blockchain course will be added to the curricula of higher education institutions across the country. Binance Exchange to Help Teach Blockchain at Kazakhstan’s Universities The world’s largest crypto exchange, Binance, […]

How a frozen bank account led one Bitcoin advocate to experiment with living on the Bitcoin Standard.

I am trying to understand sidechains and how they relate to ethereum but all the articles I read keep saying things like: A sidechain is a separate blockchain that runs independent of Ethereum and is connected to Ethereum Mainnet by a two-way bridge That is from here But I don't get it. Solana has bridges…
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VeChain has seen a price pump of 4% or currently trading at $0.0161 in the last 24 hours, triggered by the increase in VET demand, data from Coingecko shows. With this scenario, if the buying pressure persists, VET could sprint towards its resistance level and supply zone at the 100% Fibonacci level found at $0.01967.  VeChain investors could profit at $0.01778 A breach slicing below the $0.0156 mark can further invalidate the bullish streak of VET VET showing price recovery at $0.01583  VeChain has recently launched its upgrade PoA 2.0 and its Relative Strength Index (RSI) has shown an intense uptick after its breakaway from the oversold zone. This goes to show how the buying pressure has magnified over time. Related Reading: Why Bitcoin Long-Term Holders Seem To Be Losing Interest In BTC Chart: TradingView VeChain: On Fraud And High Gas Fees According to Analytics Insight, “VeChain (VET) was first conceived of by Sunny Lu, the former CTO of Louis Vuitton, someone who knows first-hand about the problems involved in tracking and proving genuine vs counterfeit goods.” As such, VeChain is known to be a first-of-its-kind layer 1 blockchain that aims to bring to the table innovative solutions to ultimately solve real-world problems such as the high transaction fees and counterfeiting which is deemed to be extremely beneficial for enabling friction-less transaction and also for the hassle-free minting of NFTs. VET’s On-Balance Volume (OBV) has also recorded an uptick which demonstrates the spike in trading volume and buying pressure. In the event that this trend lingers on, VeChain could eventually reach its profit target at $0.01968. Investors are optimistic to take in profits just before Christmas. Related Reading: World Cup Win Not Enough To Save Argentina Fan Token From Losing 50% In Value VET total market cap at $1.18 billion on the daily chart | Chart: TradingView.com Risk-Averse Investors To Rake In Profit? But, this won’t be a walk in the park for VeChain considering that the bulls will have to barrel past resistance barriers along the way. In this case, risk-averse investors will resort to lock in their profit at the $0.01776 resistance zone. This means a breach below $0.01564 would invalidate any bullish streak and could toss VeChain back into the new support zone found at $0.01470. VET has also seemed to have noted a remarkable rise in development activity since middle of this month. This goes to show that developers have their full trust on VeChain’s future innovations. Although the price of VET has fluctuated in response to changes in development activity in the past, the most recent increase does not represent this trend because the price fell as development activity grew.

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