Crypto News

Bitcoin’s future price action would depend on these key aspects

Source Node: https://ambcrypto.com/bitcoins-future-price-action-would-depend-on-these-key-aspects/
Time Stamp: July 22, 2021 6:00 AM - Modified On: July 22, 2021 - Published By:
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A massive drop, fear and anxiety at their peak, and a superstar entry back with a bang, pretty much sums up Bitcoin’s price action over the past week. The king coin’s downward trajectory led to a market-wide fall and a major bearish market. However, nothing is permanent in this crypto-verse where volatility is the name of the game. Bitcoin’s foray below the $30k zone didn’t last long either, and the asset soon made a strong comeback with gains of 6.25% in 24 hours, at the time of writing. A closer look

THORChain hit by another exploit; loses up to $7.6M

Source Node: https://ambcrypto.com/thorchain-hit-by-another-exploit-loses-up-to-7-6m/
Time Stamp: July 16, 2021 3:17 AM - Modified On: July 16, 2021 - Published By:
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With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particular, have come to light over the last few years. Once hailed as foolproof, blockchains have fallen fall prey to illicit activities, an assertion evidenced by the numerous scams and fraudulent activities that ensued. The latest to fall victim to the same is THORChain, a popular cross-chain decentralized exchange. It’s in the news today after an exploit drained millions of dollars from the

A classic case of short-term loss, long-term gain for Bitcoin and the crypto-sector?

Source Node: https://ambcrypto.com/a-classic-case-of-short-term-loss-long-term-gain-for-bitcoin-and-the-crypto-sector/
Time Stamp: July 15, 2021 10:30 PM - Modified On: July 15, 2021 - Published By:
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Regulatory scrutiny has become an oft-visited issue in recent months, with countries all over the world stepping up their efforts to regulate the cryptocurrency ecosystem. Several arguments have been made in favor of, as well as against these steps, with some calling it an effort by traditional institutions to curb what doesn’t fall under their purview while others have hypothesized about the possible growth that regulations can bring. Those in favor of regulations were joined by Bitmain founder and former CEO Jihan Wu recently after he told CNBC that he

This is how confident whales are about Ethereum’s price

Source Node: https://ambcrypto.com/this-is-how-confident-whales-are-about-ethereums-price/
Time Stamp: July 15, 2021 6:30 PM - Modified On: July 15, 2021 - Published By:
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Republished By Plato

Ethereum has lost nearly 60% of its value since its peak back in May. However, the scale of the reversal in the value of the second-largest cryptocurrency has definitely invited more interest and support from crypto-holders in the market. ETH recently lost its support at $2,000 and dropped to $1,844, before recovering somewhat. To the market’s traders, however, this was a good entry point, with the subsequent buying pressure pushing the alt’s value to its press time value of $1,959. Buy low, sell high. We all know the basics of

Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/bull-runs-mining-and-tor-attacks-bad-crypto-news-of-the-week
Time Stamp: August 15, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Last week, the Bitcoin news was all about lift-off. This week, it’s all about the leveling off. Bitcoin ends the week around $11,400, a fall of about 2.7 percent over the last seven days. That drop included a correction of $700 in one day so the question now is whether the bullish moment has gone or will Bitcoin push on to $15,000? Its first mission will be to break the resistance at $12,000. Bitcoin failed to do that twice in ten days but consolidated after each failure, which some experts believe

Ethereum Price Analysis: ETH Makes Sharp Rise, Faces $175 Resistance

Source Node: https://coinfomania.com/ethereum-makes-sharp-rise-faces-175/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-makes-sharp-rise-faces-175
Time Stamp: April 9, 2020 10:53 AM - Modified On: May 21, 2021 - Published By:
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Key Highlights Ethereum has risen to $175 but faces resistance Ether will rally above $200 if the resistance line is breached Ethereum (ETH) Current Statistics The current price: $169.62 Market Capitalization: $18,623,402,337 Trading Volume: $14,698,755,099 Major Resistance Zones: $175, $200, $225 Major Support Zones: $125, $100, $75 ETH Price Analysis April 09, 2020 Ethereum has moved up to a high of $175 after a rebound at the low above $140. Ether was earlier in a tight consolidation between $120 and $140. It faces rejection at $145 any time it rises

Binance CEO CZ: Stricter Regulations in Asia Will Lead to Consolidation of Crypto Exchanges

Source Node: https://coinfomania.com/binance-stricter-regulations-asia-crypto-exchange/?utm_source=rss&utm_medium=rss&utm_campaign=binance-stricter-regulations-asia-crypto-exchange
Time Stamp: April 9, 2020 7:53 AM - Modified On: May 21, 2021 - Published By:
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The fragmentation of the Asian market has brought about more rigorous scrutiny from financial regulations and this has led to a consolidation of many cryptocurrency exchanges according to a report on Wednesday. The report cited a decline in the number of Mergers and Acquisitions by 76% in 2019 and a good number of these transactions had involved exchanges and payment services. While the number of deals conducted in the US fell by 40%, those conducted in Asia rose from 14% to 22%. Binance leading the way Binance, the world’s largest

Revolut Offers Cryptocurrency Service to its 7 Million Users Amid COVID-19 Crisis

Source Node: https://coinfomania.com/revolut-to-provide-crypto-support-for-its-7-million-users-to/?utm_source=rss&utm_medium=rss&utm_campaign=revolut-to-provide-crypto-support-for-its-7-million-users-to
Time Stamp: April 9, 2020 7:23 AM - Modified On: May 21, 2021 - Published By:
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The outbreak of the Coronavirus pandemic has affected the economic growth of many countries around the world.  Most financial institutions are forced to proffer different initiatives to mitigate the harsh effect of the virus on the global financial market. Central banks continue to print more banknotes to stimulate the economy in the fight against the outbreak. However, many reports have revealed that banknotes are potentially not safe during this time as they could help transmit the virus from one person to another. There is also the fear that excess money

All Hope Not Lost; Court Grants Cryptopia Users Entitlement to Funds in New Ruling

Source Node: https://coinfomania.com/court-grants-cryptopia-users-entitlement-to-funds/?utm_source=rss&utm_medium=rss&utm_campaign=court-grants-cryptopia-users-entitlement-to-funds
Time Stamp: April 8, 2020 11:15 AM - Modified On: May 21, 2021 - Published By:
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Users of defunct New Zealand cryptocurrency exchange, Cryptopia, have finally gotten a reason to smile again after more than a year of losing their funds in multiple hacks. A new ruling by a high court today will ensure that victims receive part of the company’s assets worth over $100 million as compensation for their losses in the Cryptopia hacks. Justice David Gendall at the High Court in Christchurch declared that the users of the exchange are entitled to the assets they hold in Cryptopia accounts. He, therefore, decided that they