Ethereum bids goodbye to $3,000 as bullish momentum fades

May 25th, 2021

Ethereum gracefully rose from the support formed at $1,750 to trade near $2,800. The recovery was not unique to the pioneer altcoin but cut across the market, with Bitcoin rising from $30,500 to $38,000. However, the 50 Simple Moving Average (SMA) on the four-hour chart curtailed the bullish development, adding credence to the bearish pressure….

New Binance US CEO Brian Brooks Says the firm is not an ‘Alter-Ego’ of Parent Company

May 24th, 2021

Brian Brooks, the newly elected CEO of Binance.US, the independent subsidiary of the world’s largest crypto exchange has made it clear that the US subsidiary of the exchange is no ‘alter-ego’ of the parent company and acts independently. Brooks was recently appointed as the head of the exchange in a bid to improve the scope…

Chinese Crypto Miners Halt Business In Home Country and Plan to Move Overseas

May 24th, 2021

China’s recent decision to ban crypto mining and trading operations within the country has had a widespread impact on the crypto markets. The crypto market extended its losses on Sunday, May 23, with its valuations hitting a 3-month low. Just as Beijing steps up its regulatory efforts in the crypto space, local Bitcoin miners of…

Bitcoin wobbles to $40,000, but weak technical levels delay upswing to $50,000

May 21st, 2021

Bitcoin price is pivotal at $40,000, whereby bulls lack the momentum to extend the gains to $50,000 and barricade the downside, eliminating all bearish threats. The 40% recovery from the support at $30,500 fizzled out at $43,000, marking the most formidable technical resistance. Meanwhile, the flagship cryptocurrency trades slightly above $40,000 amid a persistent push…

Cardano price pace sets recovery for altcoins, drawing closer to $2.4

May 21st, 2021

Cardano plunged from highs around $2.4 amid the broad-based cryptocurrency declines. The losses extended below $2 before the bulls regained balanced at $1.4. Like Bitcoin, ADA immediately started a reflex recovery where the gap to $2 was almost closed on Thursday. Despite leading altcoins in recovery, Cardano stalled under $2 and, more specifically, at the…

Bank of Canada Says Volatility is the Biggest Obstacle For Cryptocurrencies Acceptance as Payment

May 20th, 2021

The Bank of Canada in a statement on Thursday said they are keeping a track of the crypto markets in the country amid surging popularity over the past year. Canada has become a budding ground for the launch of key crypto investment vehicles after it became the first country to approve both Bitcoin ETF and…

BSC-based Pancake Bunny Tanks 90 percent Following Flash Loan Attack

May 20th, 2021

In another news from the crypto market crash, Binance Smart Chain-based DeFi token Pancake Bunny tanked 99% following a flash loan attack. A massive 700K BUNNY coins were liquidated and sold into BNB and ETH. The BUNNY price came all the way crashing down from $167 to $25 in flash seconds. However, some of the…

Ripple price back to the drawing board, will $1 hold ahead of recovery toward $1.6?

May 20th, 2021

Ripple seemed to hold above $1.2 amid the trading on Wednesday. Ripple had shown resilience for a few days as it controlled the correction from $0.71. Several tentative anchor zones had been established, including the confluence formed at $1.4 by the 50 Simple Moving Average (SMA), the 100 SMA on the four-hour chart. The flash…

Tether to Launch USDT Natively on Avalanche

May 18th, 2021

The blockchain company Tether has announced it will make available its stablecoin token as a native asset in Avalanche, a smart contract platform that has picked steam in the last year. Avalanche has a growing decentralized finance (defi) ecosystem, so this launch will most likely improve its state, providing users an official and safe way…

Institutional-Grade Exchange Traded Products For Cardano and Polkadot Coming Soon

May 18th, 2021

Having registered a solid performance this year, altcoins like Cardano and Polkadot are now falling on the institutional radar. Valour Structured Products, a subsidiary of Defi Technologies, announced that it will launch exchange-traded products for Both Cardano and Polkadot. Later today, May 18, the Valour Cardano SEK will go live for trading on the Nordic…