Author: News Room
This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) After a 20% correction, ETH has recovered in a spectacular fashion in the past 24 hours with a 10% price increase. Nevertheless, the weekly chart still shows an 11% loss. The price successfully tested the support at $3,300 and has since moved above $3,500. The current resistance is found at $4,000, and the last time ETH was there, sellers returned. Looking ahead, ETH reversed the downtrend, and optimism returned to the market after a difficult start this week. If this cryptocurrency can break…
After it was revealed that the SEC was conducting a campaign to classify Ethereum as a security and an investigation was launched against the Ethereum Foundation, Cardano founder Charles Hoskinson, one of the founders of Ethereum, shared his views on the situation. Hoskinson made his statements following requests from the XRP and Bitcoin community, according to his own statement. Instead, at the center of the investigation, according to the Cardano founder, is the proposition that Ethereum’s transition from the Proof of Work (PoW) consensus mechanism to the Proof of Stake (PoS) consensus mechanism in 2022 actually creates a new cryptocurrency…
Sanctioned crypto exchange Garantex has ties to violent debt collectors, a convicted gang leader, and a Russian state oil company, according to an international body of journalists. Estonian newspaper The Eesti Ekspress and the International Consortium of Investigative Journalists (ICIJ) discovered that the death and replacement of one of Garantex’s shareholders precipitated the installation of a new shareholder with links to the Kremlin and Russian state oil. The probe, published last week, also found that operators of Garantex’s Russia app and crypto educational arm jointly own a debt collection agency alongside a convicted gang leader guilty of violent extortion schemes.…
Playnance has announced the scheduled launch of PlayBlock, a Layer-3 gaming ecosystem developed on the Arbitrum Orbit. A press release shared with Cryptonews.com revealed that PlayBlock seeks to enhance Playnance’s offerings in the web3 gaming space and attract over 10,000 of daily active users by providing a variety of gaming options. Gaming Network with Enhanced User Experience In collaboration with Gelato’s Rollup-as-a-Service (RaaS) Platform, PlayBlock aims to enhance web3 gaming by eliminating gas fees and challenging traditional blockchain barriers. This initiative could offer game developers broad white-labeling options and smooth platform integrations to overcome common user experience hurdles. Roman Levi,…
As the price of the flagship cryptocurrency Bitcoin ($BTC) surged to a new all-time high above the $73,000 mark earlier this month, interest in the cryptocurrency on internet searches also surged, eclipsing pop music titans Taylor Swift and Beyoncé in Google popularity. According to data from Google Trends, Bitcoin’s recent price rally to record highs has propelled searches for the flagship cryptocurrency to their highest level in over a year, attracting more interest from internet users than both music stars combined over the past week, as Bloomberg reported. Source: Google Trends Bitcoin’s price surged to a new all-time high after…
The Litecoin price (LTC) hit a multi-month high in March after breaking through the $100 barrier. The altcoin, however, could not sustain this rise and ended up correcting 25%. At the moment, investors are hopeful for a recovery from these losses, and by the looks of it, LTC might make it back to $100. Litecoin Is in a Good Spot Generally, following a correction, assets are considered to be bearish, and the price action to be followed is expected to be synonymous with a decline. However, Litecoin’s price is looking in the opposite direction, as the altcoin is hinting at…
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy as many bitcoins as they can afford, noting that China is in trouble and this is not the time to buy stocks and bonds. “This is the time to buy real gold, real silver, and as many bitcoin as you can afford,” he […] Read the full article here
Bitcoin and the rest of the crypto market have recovered, wiping out most of the losses incurred during the recent correction. Besides this latest recovery, the leading asset could see more positive returns in the near future, according to the latest data. Bitcoin Non-Zero Wallet Addresses Drop Santiment’s recent analysis of Bitcoin’s network activity revealed a notable decline in the number of total non-zero coin wallets over the past 10 days, with a net difference of -311K. While this might concern novice traders, the blockchain intelligence platform said that, historically, such declines have coincided with moments of FUD in the…
In what is expected to be a bearish turn for Bitcoin, the world’s first-ever digital currency, a leading crypto market analyst recently spotlighted a significant liquidation ahead for the token as its price regains upward momentum within the broader crypto market. Following recent corrections witnessed by BTC, this statement shared by the analyst promptly gained substantial traction as today’s pump pushed the token nearing the $67.5K mark. Read the full article here
In a significant move within the blockchain and decentralized finance (DeFi) sectors, Renzo, the notable restaking hub for Eigenlayer, has announced its recent integration with Chainlink Price Feeds on the Ethereum mainnet. This strategic collaboration aligns Renzo with the top-tier decentralized computing platform, granting it access to reliable, secure, and tamper-proof price feeds. Such integration is pivotal for Renzo as it seeks to offer users secure and expanded access to superior liquid restaking strategies through ezETH, enhancing the DeFi integration process with industry-standard price data feeds. Renzo’s decision to adopt Chainlink Price Feeds, starting with stETH, is not coincidental. Chainlink…