The Ethereum price (ETH) has been stuck between moving average lines since April 21. The bears broke below the 50-day line SMA on May 1, freeing Ether from its captivity. However, the largest altcoin returned to the range of fluctuation as the bulls bought the dips. Long-term analysis of the Ethereum price: bearish Ether costs $1,897.90 at the time of […]

The first Cardano Hydra Head is now live on the mainnet, but this is not preventing bears from pinning down ADA, the native currency of Cardano, going by its performance on the daily chart. Scaling Cardano Using Hydra Heads According to Cardano documentation, Hydra Head will be the first in a suite of protocols that will help the smart contracting […]

On May 4, 2023, the team behind the smart contracts platform Avalanche ($AVAX) announced a game-changing collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group. As described by Binance Academy, Avalanche is an innovative blockchain solution that aims to enhance scalability without sacrificing speed or decentralization. The platform consists of three interconnected blockchains: the Exchange Chain […]

Fintech firm Block, owned by Twitter founder Jack Dorsey, has reported a staggering $2.16 billion in Bitcoin (BTC) revenue on its bellwether product Cash App in Q1. According to a shareholder letter announcing its Q1 2023 earnings, Block (NYSE:SQ) reported that its Bitcoin revenue — which counts BTC revenue as total sales of the cryptocurrency to customers — was up […]

Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for at Least $23 Billion in […]

Bitcoin price is rising steadily above $29,000. BTC could start a strong upward move if there is a close above the $30,000 resistance. Bitcoin is showing positive signs and rising toward the $30,000 resistance zone. The price is trading above $28,800 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance near $29,600 on […]

Funds stuck on the platform of bankrupt crypto broker Voyager Digital may begin returning to creditors in “the next few weeks,” according to a committee of Voyager creditors. A May 4 tweet from the Voyager Official Committee of Unsecured Creditors (UCC) said the now-defunct crypto firm is in the final stages of bankruptcy liquidation procedures. The UCC is “hopeful” that […]

Crypto exchange Coinbase managed to significantly narrow its net loss in the first quarter of 2023, due in part to robust earnings from retail investor trading activity. The company’s net loss fell from $557 million in Q4 2022 to $79 million in Q1, partly attributed to a 22% increase in revenue to $736 million. The results beat expectations from some analysts, […]

On-chain data from Glassnode shows the largest Bitcoin whales have been showing the opposite behavior to what other investors have been doing. Bitcoin Market Is Observing A Moderate Distribution Phase Currently According to data from the on-chain analytics firm Glassnode, the behavior of the largest BTC whales has once again deviated from the rest of the market. The relevant indicator […]