Category: Cryptocurrency News

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I'm still fairly new to Crypto, only bought some BTC and ETH and the rest I have mined using my GPU on a solar grid, I have mostly mined alt coins via Unmineable and stake them on Binance for se monthly return. Should I exchange these coins for BTC and ETH or leave them for…
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Solana depreciated by almost 6% over the last 24 hours as the broader market started to get choppy. Bitcoin was seen trading below the $40,000 mark while Ethereum broke the support level of $3,000. The global market currency cap stood at $1.94 Trillion after a fall of 6% over the past day. Solana had depicted considerable recovery on charts as it broke subsequent price ceilings over the past week. The coin had managed to revisit the $110 level which the coin hovered near thrice in the past week or so. Following the recent dip, buyers decided to exit the market as the coin witnessed a sell-off as seen on the four-hour chart. Solana Price Analysis: Four Hour Chart Solana was priced at $100 at the time of writing. The altcoin lost close to 6% of its value over the last 24 hours. SOL had noted a sharp recovery on the 18th of April and it challenged its resistance mark of $110. At press time, SOL was aiming for its nearest support level of $96. The coin was trading in a descending trendline, which signifies that SOL could continue in its downward trajectory. From the four-hour chart, it signalled that Solana was undergoing a price correction. If the bears continue to exert dominance, Solana would immediately fall by 4%. A fall from the $96 price level would push prices to $87 and then finally undergo a depreciation of 18% and land at $80. Trading volume had dipped but was in the green, which could also mean that buying pressure was increasing at the time of writing. Related Reading | Is Bitcoin Gonna See Another Big Drop Soon? Historical Trend May Say Yes Technical Analysis Solana had experienced a bout of buying pressure when the coin soared on April 18th. At the time of writing, the coin witnessed a surplus of sellers. On the Relative Strength Index, the indicator was seen below the the half-line which is indicative of increased selling strength, however there was a slight uptick on the RSI. This uptick could mean that buying strength would pick up over the next trading sessions. On the 20-SMA, SOL was placed underneath the 20-SMA line. This referred to sellers driving the price momentum in the market. Solana was on a continued price correction as seen from the above chart. MACD which is responsible for determining the market momentum indicated bearishness in the market. On the aforementioned indicator, the coin displayed a bearish crossover at the time of writing. It also displayed small red histograms which signified that SOL would continue on a negative price action. Investing in Solana at the moment doesn’t seem to be a wise decision. For the coin to see some respite, it had to break above the $110 price mark and trade over it for a considerable period of time. The Parabolic SAR which determines a stop-loss order, has demonstrated dotted lines above the price candlesticks which is synonymous to a negative price movement. Related Reading | Bitcoin Under Pressure Near $40K, Here Are 2 Reasons Why That Could Change Soon Featured image from Unsplash.com, charts from TradingView.com

Regardless of who wins the presidency, France is unlikely to deviate from the pan-European regulatory approach.

I know you all know this already, and I thought of myself as a very careful person when it comes to security, but yesterday I very nearly lost access permanently to around $5,000 worth of a cryptocurrency. This is one that is actually performing well for me and, as it's staking, is starting to provide…
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Forty-six European crypto businesses and organizations have asked finance ministers in 27 European countries to loosen some regulatory requirements for the crypto industry. For example, they asked for decentralized finance (defi) projects to be excluded from the requirements to register as legal entities. Crypto Industry’s Letter to EU Policymakers Forty-six European crypto businesses and organizations […]

Kadena, a proof-of-work-based cryptocurrency that also has the possibility of supporting smart contracts, has announced a new set of grants directed to incentivize the creation of Web3 experiences. This $100 million grant fund is part of the Kadena Eco initiative, whose objective is to offer builders a complete suite to deploy their solutions on top […]

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Meta has shaken public trust when it comes to data privacy, and the wider Metaverse must temper users’ concerns by learning from Meta’s mishaps.

PRESS RELEASE. On 22 April, Tori Zero announced the strategic partnership with Wirex. The first collaboration will focus on a new product developed by Wirex – the Wirex Wallet. Tori Zero will be the first group of NFT projects integrated into this new wallet. Tori Zero is the first virtual idol project in the blockchain […]