Category: Cryptocurrency News

Irresponsible headline on a thread on the frontpage makes it sound like Jim Creamer liquidated his entire ethereum stash. Here's the source quote by Cramer: ​ “If I’m right, then tomorrow very well could be the peak for crypto, and that’s why I sold off one-eighth of my Ethereum position today,” he continued. “Obviously, I…
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The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives from the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the […]

EDIT: I went a little overboard there with the FOMO thing. And knowing I can't edit the title, I'll edit it out here. I believe that Crypto can be a form of gambling if you don't do your DYOR and DD, has the same impact on individuals as lottery tickets. On the other hand, if…
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Hi All, I hope this is allowed here, but I couldn't find any reputable resources online, so I thought I'd go to the source of it all! I have been slowly accumulating as much ETH as I can and now I am starting to actually use the Ethereum network! I've been dabbling with a little…
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Ethereum extended its decline below $4,100 and spiked below $4,000 against the US Dollar. ETH is recovering, but it must break $4,175 before there was a fresh increase. Ethereum corrected lower below the $4,200 and $4,175 support levels. The price is now trading above $4,050 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $4,200 and $4,175 support levels. Ethereum Price Could Rally Ethereum started a downside correction from the $4,000 resistance zone. ETH traded below the $4,200 support zone and the 100 hourly simple moving average. Ether price even traded below the $4,000 support zone. A low was formed near $3,964 before there was a recovery wave. There was a break above the $4,050 level and the 100 hourly simple moving average. The price climbed above $4,100, but it is facing resistance near the $4,175 and $4,200 levels. A high is formed near $4,155 and the price is now consolidating. An immediate support is near the $4,100 level. The stated level is near the 23.6% Fib retracement level of the upward move from the $3,964 swing low to $4,155 high. Source: ETHUSD on TradingView.com There is also a key bullish trend line forming with support near $4,000 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $4,175 level. The next major resistance is near the $4,200 level, above which the price might start a fresh rally. In the stated case, the price might rise towards the $4,250 level. Any more gains could lead the price towards the $4,320 level. Dips Supported in ETH? If ethereum fails to continue higher above the $4,175 and $4,200 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,080 level. The first key support is now forming near the $4,050 level. It is close to the 50% Fib retracement level of the upward move from the $3,964 swing low to $4,155 high. The main support is near the $4,000 level. Any more downsides could lead the price towards the $3,920 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $4,000 Major Resistance Level – $4,200

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A new tax law is being proposed in the US which will require cryptocurrency investors to pay taxes on the profits from their investments even before they sell their coins. If this ridiculous law is passed, it will: Force you to sell your crypto when you're in profit, which would keep further price increase in…
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On Friday, American social news aggregation and discussion website, Reddit published a job listing seeking a senior backend engineer for a non-fungible token (NFT) platform. As part of Reddit’s development team, the new hire would help “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.” […]