Category: Cryptocurrency News

Ethereum gained pace above the $3,050 resistance against the US Dollar. ETH price could continue higher if there is a clear move above the $3,120 resistance. Ethereum extended upside correction above the $3,080 and $3,100 levels. The price is now trading above $3,050 and the 100 hourly simple moving average. There was a move above a major bearish trend line with resistance near $3,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $3,120 and $3,130 to continue higher in the near term. Ethereum Price Extends Recovery Ethereum formed a base above the $3,000 and started a decent recovery wave. ETH was able to clear the $3,050 resistance zone and the 100 hourly simple moving average. There was also a move above a major bearish trend line with resistance near $3,060 on the hourly chart of ETH/USD. The pair surpassed the $3,080 resistance zone and traded above $3,100. A high is formed near $3,131 and the price is now consolidating gains. It already tested the 23.6% Fib retracement level of the recent wave from the $2,880 swing low to $3,131 high. Ether price is now trading above $3,080 and the 100 hourly simple moving average.  On the upside, an initial resistance is seen near the $3,090 level and a connecting bearish trend line on the same chart. Source: ETHUSD on TradingView.com The next major resistance is near the $3,120 and $3,130 levels. A close above the $3,130 level might start a steady upward move in the near term. The next major resistance could be near the $3,200 or $3,220. Dips Limited in ETH? If ethereum fails to gain pace above the $3,090 level, it could start a downside correction. An initial support on the downside is near the $3,080 zone. The first major support is near the $3,040 level and the 100 hourly simple moving average. The next major support is near the $3,000 level. It is close to the 50% Fib retracement level of the recent wave from the $2,880 swing low to $3,131 high. If there is a downside break below the $3,000 support, the price could start another decline. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,040 Major Resistance Level – $3,130

Australian investors will be able to trade its first Bitcoin spot ETF starting next week when the Cosmos Asset Management Bitcoin ETF launches on ASX Clear.

The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West and Moscow over the war in Ukraine. Ireland to Limit Foreign Political Support for […]

I am learning about blockchains. I tried running a light version Ethereum node on ubuntu geth console (for study purposes). I was wondering if it is possible to run a light version Tron node. If so, how can I do it? If not, is there a way for me to connect to online public Tron…
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What if there was a way to purchase tokens directly from Serum or deposit straight into Solend — all in one-click, just using your Metamask wallet? (Context: Serum is like Uniswap and Solend is like Compound on Solana). – Serum has deep liquidity as a central-limit order-book and offers tokens not available on Ethereum (e.g.…
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“We’re nearing the end of a chapter and the beginning of the next — one driven by community ownership and governance,” noted Optimism.

I’ve always wondered this since I don’t understand it much nor have I been in the position lol Say someone makes $500,000 off a token, decides to cash out, sends it to coinbase or etc wherever, then sells it on there, do you just then deposit it from there into your bank? I mean I…
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Volatility remains one of the characteristics of Bitcoin that could easily change the holding stance of investors. To some, a downward movement will mark their period of massive accumulation and expansion of their holdings. On the other hand, some will suffer considerable losses through a dip. Bitcoin has been on a dipping move as it gets to its monthly low of $39,000 within some days of hitting the $40,000 mark. Though many people had expected that the BTC price would show some bearish trend for a few days, the events have proved the contrary. Bitcoin has gradually taken a downward tour by going into a 37K – 40K region. This recent dip has given some whales the opportunity of making massive purchases of the token. Related Reading | The Young Turks Embarrass Themselves Trying To Discuss Crypto Regulation A CryptoQuant technical analyst, Minkyu Woo, stated that a significant coin volume was moved out through spot exchanges during the Bitcoin sell-off. He mentioned the possibility of whales buying a considerable amount of BTC since the outflow size could only proceed through the check for spot exchanges’ top 10 BTC outflows. Analyst Explains The Entire Bitcoin Price Movement According to Woo, the 37K – 40K mark stands as the BTC price range in the crypto’s critical accumulating phase. This move has long begun in March 2022. Also, Woo advised investors to keep their holdings or purchase more of the dips if possible. In the past, where there have been cases of spiked outflow volume, a notable amount of BTC has gone out via exchanges. However, a sudden reversal in the market’s sell-off came as the crypto price climbed up. Recent events have followed a similar pattern as Bitcoin regained all its losses by moving to the $41K region. Moreover, Woo explained that Bitcoin has gotten below the 200 MA support from the 2020 fourth quarter. This means that BTC would have more accumulation of smart money. In his chart, Woo indicated the dipping pattern for BTC into the bottom zone and its subsequent spike and buying interest. Related Reading | Conquering Terrain: Terra’s Stablecoin UST Is Now Crypto’s Third Biggest Just like Bitcoin has displayed its bearish trend, the action reflects the general status of the broader crypto market. Besides Bitcoin, Ethereum has indicated significant drops by moving below its $3K level. Also, other prominent altcoins are not left out in the southward movement of price. Fortunately, the entire crypto marketplace seems to be getting higher in an upward recovery movement starting from today. Ethereum has moved back to its $3,000 region, and BNB is up within the $400 level. Other altcoins are following closing through the recovery trend. Featured image from Pexels, charts from TradingView.com

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A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR.