Category: Cryptocurrency News

Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried. In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate in price than usual. This could also mean bad news for ADA; risking a 32% correction. The negative sentiment has been growing enormously which also signal a downward trend in the next quarters. As of this writing, the crypto is trading at $0.560514 on Coingecko, Wednesday, down 10% in the last seven days. Suggested Reading | Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On ADA Heading For A Nosedive Below $0.40 Tail risks pad up incessantly and it doesn’t seem to end which could mean ADA investors might head for the exit anytime soon. ADA price is heading for a nosedive right below the $0.47 price point or at the low end of the distribution zone which could even reach $0.38. On the brighter side, with the developments happening in the global economics and to the Cardano community, the first trading day of the week has shown promise of recovery. In fact, ADA price could possibly go towards $0.687 and move up to $0.915. ADA total market cap at $18.09 billion on the daily chart | Source: TradingView.com Even though Cardano suffered a massive drop during the past week, it managed to recover and reach $0.613 on May 16. Meanwhile, Cardano is currently shaking it off after its gains of 4%. Suggested Reading | Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano? It went through a three-day bounce right there as shown over the weekend. The whale activity was seen for Cardano which signaled a deviation in price direction. Cardano TVL is at around $174.74 million. Now, it may seem like the increase is totally insignificant but it’s a winning jump since it has been steadily declining from its peak TVL of $434.74 million in the first quarter or March 28. The difference between cardano and the other alts. They pay to do stuff like this. The Cardano Community just does it themselves out of love for the ecosystem and philosophy. We got marketing. It's three million strong and growing. https://t.co/cRdnmGZPZz — Charles Hoskinson (@IOHK_Charles) May 16, 2022 Cardano Flag On Mount Everest Summit Charles Hoskinson, Cardano Founder, is loud and proud to have reached the Mount Everest summit. He was ecstatic about the raving support of the community. His remark saying “we got marketing,” definitely speaks volumes of his optimism despite the downward trend that ADA has displayed the previous days. The Cardano CEO is proud to have a strong and dedicated community comprised of 3 million members and still growing. The native tokens of Cardano also went up to 4.7 million. Moreover, Cardano has also managed to get $20 million more in funding since Mary 13. Its TVL has jumped from 18 million a few days ago to $137 million on May 16 – that is a 6% change of TVL in a matter of 24 hours. Featured image from Coinbase, chart from TradingView.com

Hello, This is a template I made to easily keep track of my investments. I've decided to share it for free as a give back to the community. ​ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 ————- https://www.youtube.com/watch?v=gIlkqdGDb8s ​ 𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬 (𝐆𝐮𝐢𝐝𝐞 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝) ——————————————- Portfolio’s Currency is selected. History is inputted either with a CSV file or manually (Transactions, Trades,…
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Investors withdrew more than $9 billion from Tether as it briefly fell from the $1 peg, raising new questions about the reserves that underlie the world’s largest stablecoin. According to Coingecko data, the circulating supply of Tether has dropped from around $83 billion to $74 billion at press time. ​ Tether’s circulating supply drops, raising…
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Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and […]

Bitcoin is stable above the $29,600 support against the US Dollar. BTC must clear the $31,350 resistance to start a decent increase. Bitcoin is struggling to gain momentum above $30,500 and $30,600. The price is now trading near the $30,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above the $31,350 resistance. Bitcoin Price Is Consolidating Bitcoin price found support near the $29,000 zone and started a fresh increase. There was a clear move above the $29,500 resistance zone and the 100 hourly simple moving average. The price climbed above the $30,000 resistance zone. There was a move above the 50% Fib retracement level of the last main decline from the $31,390 swing high to $29,060 low. However, the bulls struggled to stay in action above the $30,500 zone. It faced resistance near the $30,600 level and the 61.8% Fib retracement level of the last main decline from the $31,390 swing high to $29,060 low. Bitcoin is now trading near the $30,000 level and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC/USD pair. An immediate resistance is near the $30,600 level. Source: BTCUSD on TradingView.com The next major resistance is near the $31,350 level. A clear move above the $31,300 and $31,350 resistance levels might start a fresh increase in the near term. The next key resistance could be near the $32,000 level, above which the price might rise towards $33,200. Fresh Drop in BTC? If bitcoin fails to gain pace above the $30,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,650 level. The next major support is near the $29,150 level. A downside break and close below the $29,150 support might put pressure on the bulls. In the stated case, the price could decline towards the $28,000 level. Technical indicators: Hourly MACD – The MACD is now slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $29,650, followed by $29,150. Major Resistance Levels – $30,600, $31,350 and $32,000.

Analysts across crypto and traditional stocks have taken notice of the similarities between what happened in March 2020 and market moves so far this month.

Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.”

The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual currency transactions.” DOJ Charges US Citizen in Crypto Sanctions Evasion Case The U.S. Justice Department has […]

“Ethereum’s overwhelming mindshare helps explain why its users have been willing to pay more than $15 million in fees per day on average just to use the blockchain,” a16z stated.

I've been using computers since I was a small kid and besides two credentials of mine being in certain leaks, I'm not aware of ever being hacked or having my passwords stolen. ​ However, I see here and elsewhere that people look into their crypto wallets and see "everything is gone" so often that I…
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