Category: Cryptocurrency News

The top comment on Ubisoft’s YouTube video introducing its NFTs has more likes than the actual video, and slams the firm for “milking” money from its customers.

Ethereum is struggling to gain pace above the $4,300 zone against the US Dollar. ETH price is correcting gains, but it might find support near $4,000. Ethereum corrected lower below the $4,220 and $4,200 support levels. The price is now trading below $4,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $4,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the key $4,300 resistance zone. Ethereum Price Remains Supported Ethereum struggled to gain pace above the $4,320 and $4,350 levels. ETH started a downside correction and traded below the $4,300 support zone. There was a close below $4,300 and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $4,350 on the hourly chart of ETH/USD. The pair traded below the 50% Fib retracement level of the upward wave from the $3,900 swing low to $4,450 swing high. It is now showing a few bearish signs below the $4,200 level. An initial resistance on the upside is near the $4,180 level. The first major resistance is near the $4,220 level. Source: ETHUSD on TradingView.com The next major hurdle is near the $4,250 level. A clear break and close above the $4,250 level could stage a steady increase in the near term. In the stated case, the price even surpass the $4,300 resistance in the near term. The next major resistance is near the $4,450 level. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,250 level, it could extend its downside correction. An initial support on the downside is near the $4,080 level. The key support is now forming near the $4,040 level. The 76.4% Fib retracement level of the upward wave from the $3,900 swing low to $4,450 swing high is also near the $4,040 support zone. If there is a clear break below the $4,040 support, the price could extend losses. The next major breakdown support is $4,000, below which the price could decline towards $3,800. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $4,040 Major Resistance Level – $4,250

I was wondering what the community thinks about Gas fees? View Poll submitted by /u/Artistic_Dwilko [link] [comments]

Several political extremists have derived a great deal of wealth from cryptocurrency donations since their supporters can remain anonymous and transactions can’t be censored.

Anybody who has had to take out a loan knows that the process is often long and often includes humiliating strings attached to the loan. The current state of financial products is such that banks demand complete control over loans and those who take out those loans. ADALend is changing all of that. It is a decentralized platform that uses smart contracts to allow for decentralized crypto-lending and for the creation of financial products that can be controlled at the individual level. Share Token Operations in Liquidity Pools There are no requirements to meet in order to participate in the lending operation, and anyone can deposit any amount and receive the corresponding APY value set by the protocol in share tokens. Liquidity provision is an integral part of the platform, which will function with internal and external oracles to establish the dynamic rates for liquidity pools. The redeem operation is the process of converting share tokens into their underlying token counterparts. During this procedure, share tokens are burned, and the underlying token is returned to the user, completing the transaction. At this point, the underlying tokens have already grown in value as the value of the share token increases over time. The repayment operation is responsible for paying back the borrowed money as well as any interest that has accrued. If the payback amount is less than the amount to be repaid, the borrowing amount is removed from the repayment amount, resulting in the repayment amount. If the repayment amount is greater than the amount to be repaid, the repayment amount is designated as a lending amount. A Multi-Layered Security For Liquidity Pools ADALend’s key priority is the health and security of the protocol. The platform will incorporate internal and external oracles to maintain multiple computational layers of price-checks to maintain the liquidity pools. Protocol architecture, code quality, health monitors, as well as active liquidation bots, and insurance all contribute to the project’s overall security and safety. Moreover, the platform will constantly be evolving with plans for upgrades and new features to keep the system secure.

In less than two weeks after its previous bitcoin purchase, Microstrategy bought more bitcoins. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. At the time of writing, the company’s total bitcoin stash is worth about $6 billion. Microstrategy Purchases 1,434 More Bitcoins The Nasdaq-listed company Microstrategy has […]

HolyTransaction, a universal cryptocurrency wallet platform, recently announced that has added support for swapping bitcoin (BTC) on the Lightning Network, consequently, introducing the ability to deposit and withdraw utilizing the Lightning Network. Other than faster speed and lower fees, users will notice a new format of address called invoice when they send or receive bitcoin…
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Billionaire Chris Larsen said that miners should view the move away from PoW as “a net positive for their longevity.”

Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if there is a clear move below the $47,300 level. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading below $49,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $49,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it is able to clear the $50,000 level. Bitcoin Price Holds Key Support Bitcoin price started a fresh decline from the $52,000 resistance zone. BTC broke the $49,000 support level and settled below the 100 hourly simple moving average. There was also a move below the $48,000 level, but the bulls were active near the $47,300 zone. A low is formed near $47,298 and the price is now correcting losses. There was a move above the $48,000 resistance zone. Bitcoin climbed above the 23.6% Fib retracement level of the downward move from the $51,955 swing high to $47,298 low. The price is now trading below $49,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $49,000 level. The next major resistance is near the $49,500 level. There is also a major bearish trend line forming with resistance near $49,900 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The trend line is close to the 50% Fib retracement level of the downward move from the $51,955 swing high to $47,298 low. A clear break above the $49,500 resistance zone could open the doors for more upsides. The next key resistance is near the $50,000 level, above which the price may possibly start a steady increase. More Losses In BTC? If bitcoin fails to clear the $49,500 resistance zone, it could continue to move down. An immediate support on the downside is near the $48,000 level. The first major support is now forming near the $47,300 level. A downside break below the $47,300 support may perhaps increase selling pressure. The next stop for the bears might be $46,000. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level. Major Support Levels – $48,000, followed by $47,300. Major Resistance Levels – $49,500, $50,000 and $52,000.