Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

TIL Bitcoin has been forked over 100 times. Here are the stories of a few important ones.

Yes, you heard that right. For those of you that don't know there are 2 major different types of forks: Hard forks Soft forks Hard forks Think of a hard fork like a significant permanent change to the rules. Because the change is not compatible with the old rules, everyone who participates in the network…
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Telegram wallet is a CUSTODIAL wallet that WILL FREEZE your funds with ZERO support.

Just an FYI to those who are super excited about telegram introducing a wallet. Just like the scammers that populate telegram, the wallet makers themselves seem to be scammers. The wallet is a centralized CEX like offering which can freeze your funds and disable the wallet for you whenever they feel like it. Their "customer…
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A recap of the last month and if you happened to sell your motorbike a month ago!

Hi all. I thought I'd just do a basic recap on BTC of the last month! It's been pretty flat, hasn't it. Despite FED meetings, doubts around Binance and if they will continue to trade in various parts of the World, XRP continuing to piss off the SEC, and the SEC's multiple on-going legal proceedings…
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Bitcoin ETFs or not, don’t expect a ‘sexy’ crypto bull run: Concordium founder

Experts remain divided on when the next bull market is set to kick off, but they all agree on one thing: the next big rally won’t look like the last one.

Nic Carter doubles down on theory Bitcoin was invented by NSA

The decades old ‘NSA created Bitcoin’ theory has again made the rounds on social media, with one Bitcoin advocate adding more weight to his ongoing theory.

LINK Price Prediction: Chainlink Recovery Stalls But Not Likely Over

Chainlink’s LINK price recovered above the $6.50 resistance. The price is now correcting gains, but it might find bids near $6.40 and could start a fresh increase. Chainlink price is showing positive signs above $6.5 against the US dollar. The price is trading above the $6.50 level and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $6.40 support. Chainlink (LINK) Price Turns Green After a steady decline, LINK price found support near the $5.75 zone against the US Dollar. A low was formed near $5.74 and the price recently started a fresh increase, like Bitcoin and Ethereum. The price recovered above the $6.00 and $6.20 resistance levels. The bulls were able to pump the price above the $6.50 level and the 100 simple moving average (4 hours). Finally, the bears appeared near the $7.00 zone. A high is formed near $7.03 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. LINK is still trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. Source: LINKUSD on TradingView.com If there is a fresh increase, the price might face resistance near $6.80. The first major resistance is near the $7.00 zone. A clear break above $7.00 may possibly start a steady increase toward the $7.25 and $7.32 levels. The next major resistance is near the $7.50 level, above which the price could revisit $7.85. More Losses? If Chainlink’s price fails to climb above the $6.80 resistance level, there could be a downside extension. Initial support on the downside is near the $6.50 level. The next major support is near the $6.40 level, below which the price might test the $5.90 level. Any more losses could lead LINK toward the $5.75 level in the near term. Technical Indicators 4 hours MACD – The MACD for LINK/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for LINK/USD is now above the 50 level. Major Support Levels – $6.50 and $6.40. Major Resistance Levels – $6.80 and $7.00.

China suffers worst capital flight in years, but could it pump Bitcoin?

China’s capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto.

Ethereum Price Plunges After Rejection, Are Bears Back In Action?

Ethereum price gained bearish momentum below $1,620 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,540. Ethereum declined further below the $1,600 support zone. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance near $1,600 and $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down and test the $1,540 support in the short term. Ethereum Price Takes Hit Ethereum’s price started a fresh decline from the $1,660 and $1,670 resistance levels. ETH declined below the $1,620 support level to enter a bearish zone and underperformed Bitcoin. The bears even pushed the price below the $1,600 support and the 100-hourly Simple Moving Average. A low is formed near $1,568 and the price is now attempting a recovery wave. There was a move above the $1,580 level. The price is testing the 23.6% Fib retracement level of the recent decline from the $1,660 swing high to the $1,568 low. Ether is now trading below $1,620 and the 100-hourly Simple Moving Average. There are also two bearish trend lines forming with resistance near $1,600 and $1,620 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,600 level and the first trend line. The next resistance is near the $1,610 level, the second trend line, and the 100-hourly Simple Moving Average. The trend line is also near the 50% Fib retracement level of the recent decline from the $1,660 swing high to the $1,568 low. Source: ETHUSD on TradingView.com A close above the $1,620 resistance might send the price toward the $1,650 resistance. The next major barrier is near the $1,660 level. A close above the $1,660 level might send Ethereum further higher toward $1,750. More Losses in ETH? If Ethereum fails to clear the $1,620 resistance, it could start another decline. Initial support on the downside is near the $1,565 level. The next key support is $1,540. A downside break below $1,540 might accelerate losses. In the stated case, there could be a drop toward the $1,440 level in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,540 Major Resistance Level – $1,620

Bitcoin Price Hints At Potential Correction, Buy The Dip?

Bitcoin price is again moving lower from the $27,500 resistance. BTC could extend its decline and revisit the $25,400 support zone. Bitcoin started a downside correction after it failed to clear the $27,500 resistance. The price is trading below $27,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $26,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now at a risk of more downsides below the $26,350 level. Bitcoin Price Revisits Support Bitcoin price started a downside correction after it failed to clear the $27,500 resistance. BTC traded below the $27,000 and $26,800 support levels to enter a bearish zone. Besides, there was a break below a major bullish trend line with support near $26,800 on the hourly chart of the BTC/USD pair. The pair retested the $26,350 support zone and is currently consolidating losses. It is trading near the 23.6% Fib retracement level of the recent decline from the $27,494 swing high to the $26,358 low. Bitcoin is now trading below $27,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $26,800 level. The first major resistance is near the $27,000 zone, a connecting bearish trend line, and the 50% Fib retracement level of the recent decline from the $27,494 swing high to the $26,358 low. Source: BTCUSD on TradingView.com The next key resistance could be near the $27,050 level, above which the price could gain bullish momentum. In the stated case, the price could even rise toward the $27,500 resistance. Any more gains might call for a move toward the $28,800 level in the coming days. More Losses In BTC? If Bitcoin fails to start a fresh increase above the $27,000 resistance, it could continue to move down. Immediate support on the downside is near the $26,350 level. The next major support is near the $26,200 level. A downside break and close below the $26,200 level might spark more bearish moves and the price could decline toward the next support at $25,400. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $26,350, followed by $26,200. Major Resistance Levels – $27,000, $27,050, and $27,500.

Immutable (IMX) Up By 23% In A Single Day, Analyst Suspects Market Manipulation

IMX, native token of Ethereum layer-2 scaling solution Immutable X, recorded massive gains on Thursday, soaring by over 23% within the last 24 hours. Before this price gain, IMX had been relatively stable all week, hovering around the $0.52 price zone, according to data from Coingecko. Behind IMX’s Rise, Analysts Points To Price Manipulation Although there may be no clear reasons for the token’s positive price movement, Chinese reporter Colin Wu speculated about potential price speculation.  According to a post on X by Wu, 10.95 million of the token, valued at $8.1 million, were transferred to the Upbit exchange from several other crypto exchanges, including Binance, OKX, Bybit, Crypto.com, Gate, etc.  Following these transactions, the token surged from $0.56 to $0.74, representing a 34.5% price gain. Wu has stated that Korean traders are “behind this move.” The Upbit exchange is mainly popular in South Korea, dominating over 83% of the nation’s crypto market. Providing more insight into these transactions, on-chain analytics firm Lookonchain reports that these transfers to Upbit were sent to the same wallet with the address “0x2F77.” This indicates a single crypto whale was likely behind this price surge.  Related Reading: IMX Spikes 10% In Last 24 Hours – Will It Start The Week Strong? Within three hours on Thursday, 12.54 million of the token, valued at $9.45 million, was transferred to “0x2F77,” allowing this address to become the 9th largest holder of the token, owning 20.4 million worth $15 million.  Furthermore, Lookonchain also revealed that several IMX investors opted to take profit following the token’s price gain. These investors include GSR Markets, a crypto investment firm that moved 2 million IMX, worth $1.52 million, to Binance right after IMX rose. In addition, three investors withdrew 3.5 million IMX, valued at $2.3 million, from the Foundation Treasury Locked wallet and may be planning a market dump. Following such transactions, it is no surprise that IMX soon experienced a price decline of about 13.33% a few hours after its boost. Related Reading: SHIB Frenzy: Robinhood’s 35 Trillion Token Acquisition Sparks Speculation Of Imminent Price Surge IMX Gets Listed On Japanese Exchange In other news, IMX has also been listed on the Japanese exchange Coincheck. According to a blog post by the crypto exchange on Thursday, IMX will now be eligible for its various services, including Coincheck NFT and  Coincheck crypto lending service.  In addition to IMX, Coincheck also announced listing other cryptocurrencies, namely Apecoin (APE) and AXS, the governance token of the Axie Infinity gaming metaverse.  At the time of writing, the IMX trades at around $0.64, with a price loss of 1.8% in the last hour. Based on more data from Coingecko, the token’s daily trading volume rose by 238.20%, valued at $808.50 million. IMX trading at $0.6425 on the hourly chart | Source: IMXUSDT chart on Tradingview.com Featured image from Binance, chart from Tradingview