Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Crypto’s Diversity Problem: It’s Complicated

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

Argentina's largest two banks to allow crypto trading

Argentina’s largest bank has embraced crypto and will allow its customers to begin purchasing four crypto assets including Bitcoin through their accounts at the bank.

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This is big, Algorand has started marketing.

Algorand has the best technology of all chains. If you have been lurking on r/cc for few months, you would notice how most of this sub loves Algorand. Less than $0.01 transaction fees, seconds of finality and TPS of over thousands, what is there not to like? The price action. The price action in Algorand…
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Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024

According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population […]

Algorand becomes first US blockchain sponsor of FIFA World Cup

The proof-of-stake blockchain will assist FIFA in developing a “digital assets’ strategy” along with providing an official “wallet solution”.

TA: Ethereum Shows Positive Signs But This Resistance Is The Key

Ethereum started a recovery wave above the $2,820 level against the US Dollar. ETH must clear the $2,920 resistance to start a steady upward move. Ethereum started a short-term upside correction above the $2,780 and $2,800 levels. The price is now trading above $2,820 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,885 and $2,920 resistance levels to continue higher. Ethereum Price Faces Hurdles Ethereum formed a base above the $2,750 level and started a recovery wave. ETH was able to climb above the $2,780 and $2,800 levels. There was a clear move above the 50% Fib retracement level of the main drop from the $2,980 swing high to $2,720 low. There is also a key rising channel forming with support near $2,820 on the hourly chart of ETH/USD. Ether price is now trading above $2,820 and the 100 hourly simple moving average. However, the bears are active above the $2,880 level. On the upside, an initial resistance is seen near the $2,880 level. It is near the 61.8% Fib retracement level of the main drop from the $2,980 swing high to $2,720 low. Source: ETHUSD on TradingView.com The next major resistance is near the $2,920 level. A clear move above the $2,920 resistance might start a steady upward move. In the stated case, ether price might rise towards the $2,980 high. Any more gains may perhaps send the price towards the $3,050 resistance in the near term. Another Decline in ETH? If ethereum fails to gain pace above the $2,920 resistance, it could start another decline. An initial support on the downside is near the $2,820 zone. The channel support is also near the $2,820 zone. If there is a downside break below the $2,820 support, the price could gain bearish momentum. The next major support is near the $2,760, below which the price could revisit the $2,720 zone. Any more losses may perhaps open the doors for a larger decline towards the $2,550 level or even $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $2,820 Major Resistance Level – $2,920

GameFi Project ArchLoot Provides NFT User Builder for Creative Playability

PRESS RELEASE. Singapore, May 3, 2022 – NFTs have disrupted the gaming industry with their unique benefits. It has been gaining popularity as many have welcomed the advent of play-to-earn (P2E) for considerable rewards, with also disquiet over the unwelcome intrusion of commerce into the escapist world of gaming. Web3 games are supposed to consist […]

Hairstylist sells “haircuts” as NFTs

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

Weiss Ratings issues warning over crypto mortgage risks

Weiss analysts are wary over the usage of volatile crypto assets as collateral for long-term property loans.