Category: Cryptocurrency News

Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.

First of all I am learning, so I might be (most probably) wrong comparing these two things. Ok, yesterday I saw twit saying that Polkadot now ready for Parachain launch. Quick read on Parachain reminded me about Ethereum's shard chains, where you have one Beacon chain and all other 64 (63) chains will join it.…
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My Coinbase wallet has funds that are literally trapped because of gas fees. Converting $17 of USDC to QNT has a gas of .12ETH. What wallet is superior in terms of transferring to and from exchanges? What would be the best wallet for holding NFT’s? I don’t want to pay an outrageous fee to move…
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The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to […]

So I thought I transferred everything from my Ethereum wallet a couple of years ago but it appears that there is some left after I logged into this laptop that I haven’t used in a couple of years. I verified that it exists but I cannot for the life of me get it to sync…
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Sanchan Saxena, the Vice President of product at Coinbase said yesterday that the “insane” amount of traffic from signing up to waitlist temporarily broke the site.

Normally, I would put money away into a savings plan every month. However I had a strong feeling that crypto will be the next great investment, so every month I put the rest of my paycheck into crypto. The only problem is I can never sell my crypto, only buy. Unfortunately, I must now live…
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Bitcoin remained strong above the $54,000 level against the US Dollar. BTC started a fresh increase and it could rally above $58,500 and $59,500. Bitcoin started a fresh increase and it broke the $58,000 level. The price is now trading above $57,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $56,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher towards the $60,000 level in the near term. Bitcoin Price Gains Pace Bitcoin price found support near the $54,000 level and started a fresh increase. BTC broke the key $57,000 resistance zone to enter again into a positive zone. There was a break above a key bearish trend line with resistance near $56,500 on the hourly chart of the BTC/USD pair. The pair accelerated higher above the $57,500 level and the 100 hourly simple moving average. Bitcoin surpassed the 76.4% Fib retracement level of the key drop from the $57,835 swing high to $54,020 low. It opened the doors for a fresh high above the $58,000 level. The price is now accelerating higher above the $58,000 level. On the upside, an initial resistance is near the $58,750 level. It is near the 1.236 Fib extension level of the key drop from the $57,835 swing high to $54,020 low. The first key resistance is near the $59,000 level. A clear break above the $59,000 resistance could open the doors for more upsides. Source: BTCUSD on TradingView.com The next major resistance sits near the $60,000 level. An intermediate hurdle for the bulls may possibly be near the $59,500 level. Dips Supported In BTC? If bitcoin fails to clear the $59,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $58,000 level. The first major support is now forming near the $57,800 level (the recent breakout zone). A downside break below the $57,800 level could set the pace for a downside correction. The next major support is now near the $56,500 level and the 100 hourly SMA. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $57,800, followed by $56,500. Major Resistance Levels – $58,750, $59,000 and $60,000.