Fears of a nasty pre-Memorial Day selloff in cryptocurrencies may have been overstated, early indicators suggest. Cardano’s ADA cryptocurrency was back in the spotlight Sunday, leading a tepid market recovery following news that the developer network was inching closer to launching smart contracts. Market update The combined value of all cryptocurrencies rose 4.4% on Sunday …
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Here’s what crypto and blockchain industry experts think about Elon Musk’s recent comments on cryptocurrency. Wes Levitt, the head of strategy at Theta Labs: “Musk’s tweets and the resulting effects certainly may have hurt crypto in the eyes of some institutional investors. While a good deal of investors already consider Musk a bit of a …
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The SEC says five individuals “promoted a global unregistered digital asset securities offering.” Three years and some unforgettable memes later, the Securities and Exchange Commission has announced that 5 individuals will face charges relating to promoting the Bitconnect Ponzi scheme. “The SEC’s complaint alleges that these promoters offered and sold the securities without registering the …
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U.S. Senator Rick Scott has urged Treasury Secretary Janet Yellen to take action on cryptocurrency scams, which he said have risen 1,000% in the past year and cost consumers at least $80 million. “This is an unregulated industry, and the alarming amount of criminal activity surrounding cryptocurrency demands action,” he told Yellen. Senator Scott Alerts …
Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face …
Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto Market Prices Consolidate While …
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Litecoin Lowers Rallying Moves– May 30The recent uprising in the LTC/USD market now experiences price lowers rallying moves after the crypto lost momentum to surge past a resistance trading area of around $200. During the time of writing, the trading pair records about a 7.58% increase around the level of $176. Begins a Rally: LTC …
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Another hurdle financial services and institutions need to address is mainstream digital asset adoption. The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset …
Could the migration from Microsoft’s Azure Blockchain to ConsenSys’ Quorum Blockchain Service be good news? Is this where the enterprise blockchain industry is heading? Just as the cryptocurrency sector is constantly changing and evolving, the enterprise blockchain industry has been undergoing its fair share of developments lately. Most recently, enterprise blockchain solutions are shifting from …
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Bitcoin Price Prediction – May 29 The Bitcoin price gains 4.17% as bulls keep working hard to nurture a bullish trend from the support at $33,333. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $42,000, $44,000, $46,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart BTC/USD is currently trading at the $36,072 …
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Atomic swaps between Monero and Bitcoin are now available The BTC to XMR atomic swap was launched by the team at Comit Network The new feature allows owners of both Bitcoin and Monero to exchange digital assets without trusting each other or using an intermediary Atomic swaps are particularly important as crypto exchanges delist privacy …
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Hackers will keep hacking as long as organizations are vulnerable — crypto is not an exception. Recently, gas has been a hot topic in the news. In the crypto media, it’s been about Ethereum miner’s fees. In the mainstream media, it’s been about good old-fashioned gasoline, including a short-term lack thereof along the East Coast, …
Bitcoin (BTC) Price Prediction – May 30, 2021 Bitcoin price is in a downward move as Bitcoin hovers above $34,000 . A break below the $34,000 support would mean a further decline to $30,000. Similarly, a rebound is equivalent to a rally to $40,000 high. The $30,000 support is where bulls have strong buying power. …
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Bitcoin whales holding 100 to 10k BTC have accumulated 30k more coins in the last week The accumulation coincided with last weeks retest of $31k and rejection at $40,800 Earlier today, Bitcoin dipped to $33,379 before bouncing back to $36,200 All eyes are on the weekly close, monthly close and $30k Bitcoin whales holding 100 …
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Dogecoin daily transaction value hit an all-time high of $82.54 Billion on May 9th Dogecoin’s daily transaction value now stands at $7.57 Billion indicating a 90% drop The all-time high in daily transaction value also coincided with DOGE setting an all-time high of $0.74 The drop in transaction value is in tandem with DOGE’s ongoing …
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