Crypto News

April Fools, Celebrity Scams, & Manipulated Markets: Bad Crypto News of the Week

Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer.In the meantime, the Federal Reserve now appears to have merged into the federal government. An opinion piece in Bloomberg has described how an alphabet soup of financial programs intended to help the economy through the current crisis is allowing the government to buy up securities

IOTA Set for More Exposure on U.S Exchanges After New 2.0 CRC Rating

IOTA (MIOTA), the native token of the distributed ledger technology project led by the IOTA Foundation, could potentially be listed on more cryptocurrency exchanges in the United States in the coming weeks, Coinfomania has learned. The anticipated listing spree, which has already begun with a Bittrex Exchange listing earlier today, follows a recent rating report published by the Crypto Rating Council (CRC) on IOTA. The digital asset has until now been sparsely traded on U.S exchanges. The reason is that its properties and mode of initial distribution (a token sale)

VanEck: Bitcoin Correlation to Gold Jumped in 2020 Amid Market Sell-off

New York-headquartered investment management firm, VanEck has revealed in a new report that Bitcoin’s correlation to gold has risen significantly in 2020, especially during the recent broad market sell-off caused by the COVID-19 pandemic. According to the report published by Gabor Gurbacs, a Digital Asset Strategist at VanEck, Bitcoin’s correlation to gold has surged since the turn of the year and especially in recent weeks, further strengthening the debate the cryptocurrency is maturing as a safe-haven asset. Source (VanEck report) While the rest of the equity markets dipped in the

Bitcoin Bull Mike Novogratz Says He Might Ditch BTC if it Fails to Hit $20k This Year

As Bitcoin (BTC) struggles to recoup the 2020 gains it shredded last month amid the Coronavirus pandemic, Mike Novogratz of Galaxy Digital is still bullish on the cryptocurrency, and he believes that BTC still has much more to offer. Novogratz predicts BTC at $20k in 2020 More like a life bet on Bitcoin, Novogratz said in an interview with CNBC’s Closing Bell segment on Thursday that he is ready to retire if the world’s most valuable crypto doesn’t hit the $20,000 mark this year. Speaking optimistically, the CEO of Galaxy

Battle of Elrond Launches on Samsung Galaxy Store

The Battle of Elrond, a blockchain-based game from Elrond Network, is now available on Samsung dApp store to give users of the Samsung Galaxy and Note, the opportunity to interact with a medieval multiplayer 5v5 PVP arena. The development, according to the announcement today, is a product of a collaboration between Samsung and Elrond. The game will support a blockchain-based in-game economy integrated by the Samsung Blockchain Wallet and new players will receive $ERD, Elrond’s native token, as a welcome bonus for 5 PvP games.  The move was first revealed

Crypto Price Analysis: Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Huobi Token (HT), Ethereum Classic (ETC)

While the general cryptocurrency market is recording profits over the last 24 hours, Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Huobi Token (HT), Ethereum Classic (ETC), are in their bear markets.  The cryptocurrencies have reached the oversold regions of the market. Presently, the altcoins are in bullish momentum recovering from the previous losses. BCH/USD Major Trend: Bearish Bitcoin Cash (BCH) is in a bear market. The bulls have been making concerted efforts to come out of the downtrend. One of the attempts is the breaking of the resistance line

Ripple’s Co-founder Chris Larsen Fully Recovers From Coronavirus Infection

Chris Larsen, the co-founder and executive chairman of Ripple has become the latest COVID-19 Survivor, as he announced Thursday that he has fully recovered from the infectious Coronavirus.  With over a million people currently infected with the virus and more than 53,292 dead, Larsen said he is indeed grateful for his recovery.  Sharing his experience on Twitter, the Ripple executive expressed his gratitude to everyone on the frontlines who took it upon themselves to keep him and other COVID-19 victims safe.  He further encouraged those who have recovered from the

Confirmed! Brandon Chez Steps Down as Binance Completes Acquisition of CoinMarketCap

It all started out as a rumor and many thought it was just another April Fool’s prank, but it is now official. Binance has acquired the largest cryptocurrency data tracking site, CoinMarketCap (CMC), the exchange announced today. The coming together of the largest crypto companies is considered an industry milestone, as it could eventually result in significant opportunities, especially in the area of cryptocurrency data tracking, which will contribute to the growth of the industry. While commenting on the development, the CEO of Binance, Changpeng Zhao (CZ), said that the

Ethereum Price Analysis: ETH Consolidates Below $140 Resistance, a Breakout Likely

Key Highlights Ethereum is now in a tight range between $120 and $140 Currently, the key levels remain unbroken Ethereum (ETH) Current Statistics The current price: $138.05 Market Capitalization: $15,233,939,691 Trading Volume: $13,027,554,720 Major Resistance Zones: $175, $200, $225 Major Support Zones: $125, $100, $75 Ethereum (ETH) Price Analysis April 02 Yesterday, Ethereum (ETH) rebounded from a low of $129 to a high of $$137. The upward move fell short of the bullish momentum to break the $140 overhead resistance. The market has been in consolidation since March 12. Initially,

Binance Set To Launch A Crypto Mining Pool

Binance, one of the world’s top crypto-asset exchanges, has announced that it will further expand its offerings in the crypto finance industry. They will do so through the launch of a new mining pool service.Hiring Professional HelpThe news came out on Wednesday by none other than Binance’s CEO and founder, Changpeng Zhao. Zhao, nicknamed CZ, made the announcement on Twitter that Binance will have mining pools as an addition to its already impressive finance suite, which includes saving, earning, staking, and loans already.As it stands now, Binance has reportedly hired