Category: Cryptocurrency News

submitted by /u/RyanGiggs-SaggyRing [link] [comments]

Nothing irks me more than hearing normies talk about how crypto is bad for the environment and that celebrities should not be joining the NFT move because of how harmful it is for nature. Crypto is not bad for the environment, this is the economy we are talking about here. Mining for gold is more…
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submitted by /u/ligi [link] [comments]

The scheme, which has been in operation since May 2021, targeted Chinese users through social media groups and fake websites.

New Jersey’s move is just the latest in a series of orders and complaints against crypto-based interest-bearing account issuers in the United States.

Portfolio Goals Your goal is to ↓ Lower Risks ↑ Increase Rewards (While sticking to YOUR risk tolerance, goals, and your timeline) There's no perfect portfolio. I'm going to include some theory + examples, and you have to think about what works for YOU. The Role of Each Class Stablecoins: Preserves capital & serves as…
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Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries […]

Bitcoin struggled to gain pace above the $48,000 resistance against the US Dollar. BTC is correcting gains, but dips might be limited below $46,000. Bitcoin gained pace above $47,500 and traded as high as $48,200. The price is trading above $46,500 and the 100 hourly simple moving average. There is a key breakout pattern forming with support near $46,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $46,000 support zone. Bitcoin Price Remains Supported Bitcoin price extended increase above the $47,500 resistance zone. BTC even broke the $48,000 resistance zone and traded as high as $48,200. Recently, there was a downside correction from the $48,200 high. The price declined below the 23.6% Fib retracement level of the upward move from the $44,468 swing low $48,200 high. However, it is still trading above the 100 hourly simple moving average. There is also a key breakout pattern forming with support near $46,300 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the $47,600 level. Source: BTCUSD on TradingView.com The next major resistance could be near the $47,800 zone and the triangle trend line. A successful break and close above the triangle resistance might push the price towards $48,200. The next major hurdle on the upside might be near the $49,000 level. Any more gains could send the price towards the key the $50,000 level. Dips Supported in BTC? If bitcoin fails to clear the $47,800 resistance zone, it could correct further lower. An immediate support on the downside is near the $47,000 zone. The next major support is seen near the $46,800 level. The key support is now forming near the $46,400 level and the triangle trend line. It is near the 50% Fib retracement level of the upward move from the $44,468 swing low $48,200 high. A downside break below the $46,300 support zone could send the price to $46,000 and the 100 hourly SMA. Any more losses might put a lot of pressure on the bulls in the near term. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level. Major Support Levels – $46,800, followed by $46,300. Major Resistance Levels – $47,800, $48,000 and $48,200.

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

The firm highlighted growth in hash rate, mining equipment sales, hosting revenue, digital asset mining income as key reasons for the improved performance.