Category: Cryptocurrency News

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A lot of well meaning people were using Tornado Cash to send money to their friends and family in Ukraine, or make donations. Privacy gets a bad rap online because people think "if you have nothing to hide", we've all heard it before. When it comes down to it, privacy is freedom and we are…
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I was wondering that for crypto to stay decentralised it needs to be available to bought in decentralised way with fiat for anyone who needs to add more funds . Here are some that i think cam be marked. 1. OTC/P2P 2. EARN CRYPTO SALARY RATHER FIAT 3. BY MINING / RUNNING NODE ( ONE…
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BTC @ $24.5K ETH @ $2K BNB @ $330 MATIC @ $1 ​ The markets have obviously settled a LOT since the CPI figures showed we're likely past peak inflation, but as a top post points out today, it seems alt season might be about to start, if it's not underway already. A LOT of…
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Many people in crypto forgot about investing in themselves. Only thing they seek is crypto profit, forgetting about more important things. Yes, money are goal for most of us, they can solve most our problems, but they won't make you look better, be smarter or more interesting. If you think you are loser now, you…
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The sub is getting that tingly feeling again. BTC and ETH have hit 30 day highs. The merge is nearly upon us. Surely winter must be thawing. But buyer beware. There will be a ton of “smart” sounding posts with all kinds of technical predictions that make it sound like gains are guaranteed. The FOMO…
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Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace. Shiba Inu showing an intense bullish trend SHIB trailing above 20 EMA and 50 EMA SHIB retests at the $0.0126 mark; hints at high volatility SHIB has seen a robust buying activity for the past month with the popular dog meme coin seen to be leveling off in the $0.01239 to $0.0126 range.  Related Reading: Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic SHIB Soars by 2.38% According to CoinMarketCap, Shiba Inu is soaring by 2.38% and trading at $0.00001259. At this point, if buying activity gets stronger to retest $0.0126, a bullish breach may be expected following a slow phase. Buyers are facing hurdles in the supply zone that attempt to prevent the dog meme coin’s recovery. On the other hand, the bulls are not letting their guard down and amplifying pressure that came in patterns of higher lows as seen in the past couple of weeks. The 20 EMA and 50 EMA are poised as support following the bull run. With the SHIB price hovering into the EMAs for quite some time, the coin is looking to breach the squeeze point and shift into high volatile waters in the next coming days.   More so, as seen on its four-hour chart, Shiba Inu revealed an ascending triangle pattern giving away a bullish streak. However, the trading volumes were greatly reduced and are hitting a downtrend. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype SHIB To Retest $0.0126 Zone A close that hits above $0.0126 will validate the chances of a breach. When this happens, SHIB can recover and move towards the $0.0131 to $0.0133 zone. However, if SHIB can’t afford to close anywhere above this range, then this would precipitate a movement closer to the EMAs. RSI has also been soaring for the past two days. Now, the buyers should breach the 59-level limits to increase recovery. While DMI has been strong and supports the bullish movement of SHIB, the ADX or altcoin’s directional trend looks rather weak. With the bullish standpoint spotted close to the resistance level of $0.0126, the buyers are looking to intensify their activity in the next sessions. Now, reversals that occur from the burrowing resistance may imply a sluggish phase, and the targets may not move as intended. On the brighter side, SHIB shares an 88% 30-day spike with the king of crypto Bitcoin. With that in mind, Bitcoin’s movement will impact SHIB’s performance and overall market sentiment. SHIB total market cap at $6.8 billion on the daily chart | Source: TradingView.com Featured image from The Motley Fool, Chart from TradingView.com

Ethereum was trading above $2,000 to start the weekend, as the token hit its highest point since May. Crypto markets were back in the green, after marginally consolidating in Friday’s session. Bitcoin moved closer to $25,000 on Saturday, however has still yet to breach this ceiling. Bitcoin Bitcoin (BTC) was marginally higher on Saturday, as […]

Have you heard about Taro? It’s an improvement proposal for the Lightning Network that Lightning Labs introduced in April. “Taro makes Bitcoin and Lightning multi-asset networks,” the company claims in the latest edition of their newsletter. They also explain in simple words what the protocol does, how it does it, and the implications of its implementation. “In a world of omnipresent communications connectivity, nobody says “cross-border messaging” anymore. Taro promises to do the same thing to “cross-border payments” by decentralizing the entire global FX market into a protocol that can run on a Raspberry Pi by anyone, anywhere.” Is the Lightning Labs exaggerating? Or is Taro the protocol that will bring the next billion people to the Lightning Network? “The opportunity provided by Taro bringing assets like stablecoins to the Lightning Network is clearly enormous,” the company claims. Can Lightning Labs back that case and argue it convincingly? Let’s find out. What Taro Does And How It Does It   The first thing Lightning Labs makes clear is the psychology behind the improvement proposal. It almost seems like bitcoin’s Lightning Network will be serving Taro and not the other way around. “Instead of starting from scratch and bootstrapping a new ecosystem of nodes and liquidity, Taro will leverage the existing network effects of both the infrastructure that’s been built out over the last several years plus the 4000+ BTC allocated to the network today as a global routing currency.” How does it work, though? The “edge nodes” are the key. By “integrating with Taro,” normal Lightning nodes can now “process an instantaneous conversion from L-USD into BTC or vice versa, for a small fee.” That means that “every Taro transaction on the Lightning Network will be converted into BTC by the first hop, routed across the network as BTC, and then converted back into a Taro asset by the last hop before the destination” What is a “Taro asset”? Whatever you want, your BTC can be “converted into different assets such as USD to EUR or USD to BTC.” Or, as Bitrefil’s Sergej Kotliar puts it, “Pay in currency of sender’s choice, receive in currency of recipient’s choice. This means that every wallet can now have native Strike-type “USD balance” functionality for example. With no need to trust the wallet, the only trust lies in the issuer of the token.” The trust model is the main difference from Galoy’s Stablesats, another novel concept that looks for a similar result. BTC price chart for 08/13/2022 on Bitstamp | Source: BTC/USD on TradingView.com What Does Taro Mean For The Lightning Network? In a recent interview published by NewsBTC, AXX’s head of research and strategy Ben Caselin explained the protocol further “In Taro, smart contracts and asset transfers are not executed by the blockchain, and they are also not enforced by the blockchain. Instead, transfers are executed by the sender of an asset (who has to make a corresponding bitcoin transaction), and enforced by the recipient, same as the Lightning Network.” And in the previous Lightning Speed, we theorized about how big could this development be for the Lightning Network. “According to The Bitcoin Layer, “a global capital market operating on top of bitcoin-denominated financial rails is inching closer with each new onramp.” And the Taro protocol and all of the assets it would bring to The Lightning Network is the mother of all onramps.” Back to Lightning Lab’s newsletter, the company toyed with even bigger expectations. For example: “A community bank could issue a local stablecoin on Taro and it would only need a handful of nodes or liquidity providers to make a market between the local currency and the BTC core of the Lightning Network to be connected to a global community of buyers and sellers. No permissioning required!” They’ll Never See It Coming According to Lightning Labs, bitcoin “renders cross-border payments obsolete.” Stablecoins are a huge business and so are cross-border payments. In the intersection between them, Taro stands tall. “Visa’s 65% operating margin is one of the highest of all the companies in the S&P 500 index, and this margin is Lightning and Taro’s opportunity. They’ll never see it coming.” The company expects that the benefit for everyone working on the Lightining Network will be tremendous. “We expect that bringing Taro to market and making Lightning a multi-asset network will dramatically expand the Total Addressable Market for those building Lightning applications.” And you know what more users mean, more of those sweet-sweet fees.} Featured Image by Joseph Mucira from Pixabay | Charts by TradingView

The price of Cardano (ADA) has shown bullish signs and could be set for a major run against Tether (USDT) after bouncing from key support. Ethereum price rallied with so much strength from a region of $1,670 to $2,000 ahead of Ethereum merge. This has brought relief bounces for many altcoins, including the price of Cardano (ADA). Related Reading: Cardano Price Sits Pretty At $0.5, Why A Breakout Is On The Horizon Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance) Price Of Cardano (ADA) Weekly Chart Analysis From the chart, the price of ADA saw a weekly low of around $0.4, which bounced from that area and rallied to a price of $0.55. The price has built more momentum as it faces resistance at $0.66. If the price of ADA on the weekly chart continues with this bullish structure, it could quickly revisit  $0.66 and trend higher to $0.75. Weekly resistance for the price of ADA – $0.66. Weekly support for the price of ADA – $0.45. Price Analysis Of ADA On The Daily (1D) Chart The price of ADA found strong support at around $0.45, with what seems to be an area of interest on the daily chart. ADA bounced from its support and has rallied as it faces resistance at $0.63. The price of ADA has continued to range in a channel; breaking out of this channel could send the price of ADA to the resistance at $0.63. At the point of writing, the price of ADA is at $0.55, above the 50 Exponential Moving Average (EMA) with a price of $0.5. If the price of ADA holds the support of $0.5 successfully, we could see the price trending higher. If the price of ADA gets rejected, $0.5, which corresponds with 50 EMA, will be good support for buys. The Relative Strength Index (RSI) for the price of ADA on the daily chart is above 65, indicating healthy buy bids for ADA. The volume for ADA indicates buy bids, this shows bulls would want to push the price higher. Daily (1D) resistance for ADA price – $0.66. Daily (1D) support for ADA price – $0.5. Price Analysis OF ADA On The Four-Hourly (4H) Chart The price of ADA has continued to maintain its bullish structure after a successful break above the ranging channel.  ADA is trading above the 50 and 200 EMA with prices of $0.52 and $0.5 acting as its support on the 4H chart, should the price of ADA gets rejected due to the weekend sell-off. If the price of ADA holds above the support of 0.52 with the good volume, we could see prices trending to $0.66. In case ADA experiences a sell-off, 50 and 200 EMA prices would act as support for ADA prices. Four-Hourly (4H) resistance for ADA price – $0.66. Four-Hourly (4H) support for ADA price – $0.52, $0.50. Related Reading: TA – Harmony (ONE) Price Shows Bullish Signs – Eyes $0.04 Featured image from NewsBTC, Charts from TradingView.com