Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Best place to loan against eth

What is the best place I can take a loan against my eth holdings? Ideally the loan would be in a stablecoin. Also what would the interest rates be? Please give me your thoughts submitted by /u/jeux99 [link] [comments]

Crypto.com (CRO) slumps 30% as staking rewards are slashed

The world’s sixth-largest exchange has shot itself in the foot by announcing substantial reductions in rewards for its Visa cardholders, causing CRO price to tank.

TA: Bitcoin Bears Keep Pushing, Why Upsides Remain Limited

Bitcoin is struggling to clear the $38,800 resistance against the US Dollar. BTC could decline heavily if it stays below the $39,000 pivot level. Bitcoin is struggling to recover above $38,800 and $39,000 resistance levels. The price is now trading below $38,600 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $38,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $38,880 and $39,000 resistance levels to start a decent increase. Bitcoin Price Eyes Next Break Bitcoin price found support near the $37,400 level and started a recovery wave. BTC was able to reclaim the $38,000 level and slowly moved higher. There was a clear move above the 23.6% Fib retracement level of the key drop from the $40,350 swing high to $37,400 low. The price attempted a clear move above the $38,800 resistance level and the 100 hourly simple moving average. However, bitcoin price struggled to gain strength above the $39,000 level. It also failed to settle above the 50% Fib retracement level of the key drop from the $40,350 swing high to $37,400 low. Besides, there is a major contracting triangle forming with resistance near $38,880 on the hourly chart of the BTC/USD pair. It is now facing resistance near the $38,600 level and the hourly simple moving average. Source: BTCUSD on TradingView.com The next key resistance could be near the $38,880 zone. A close above the $38,880 and $39,000 levels could open the doors for a decent increase. In the stated case, the price could even surpass the $39,250 resistance. The next major resistance is seen near the $40,000 level. Another Decline in BTC? If bitcoin fails to clear the $38,880 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $38,400 level. The next major support is seen near the $38,200 level and the triangle lower trend line. A downside break below the triangle support could even push the price below $38,000. The next major support is $37,400, below which the price could dive to $36,500. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just near the 50 level. Major Support Levels – $38,400, followed by $38,200. Major Resistance Levels – $38,880, $39,000 and $39,250.

What Crypto.com needs to do if they want any chance of restoring faith in us

Right now the customer base feels used and abused, but it’s much bigger then that. We don’t trust CDC. We don’t trust Kris. Insider trading, Ponzi schemes, pump&dumps, market manipulation, etc are not words I would ever throw out lightly. As a guy who was your biggest fan boy, sunk 40k+ into CRO, and sadly…
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Explaining DAOs: crypto orgs

submitted by /u/kheiron1729 [link] [comments]

Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency

The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using Crypto to Avoid Sanctions The Blockchain Association has been lobbying U.S. […]

Billionaire Citadel Securities founder compares crypto value to abstract art

“I have to live with the reality that an asset’s worth what people perceive it to be worth,” Ken Griffin stated.