After the rejection at the upper resistance levels, altcoins are forced to continue their sideways movement below the resistance levels. The uptrend will resume when the buyers overcome the resistance. However, the sideways movement will continue if the levels remain unbroken. Celsius Celsius (CEL) is in a downward correction as the price breaks above the 21-day line SMA. The cryptocurrency […]

Sept. 7, 2022 marks exactly one year since El Salvador became the first country in the world to adopt Bitcoin (BTC) as legal tender by enforcing the Bitcoin Law. Advocating for Bitcoin as legal tender last year, El Salvador President Nayib Bukele promised that Bitcoin adoption would benefit the 70% of the local population that had a lack of access […]

The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove the specific crypto asset from […]

The growing number of speculators taking out Ether (ETH) loans to maximize their potential to earn forked Ether Proof-of-Work tokens (ETHPoW) has been causing headaches for decentralized finance protocols. The issue has been gaining traction over the past month or so, given that a significant number of Ether miners are expected to continue working on a forked PoW chain, or […]

Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year.  According to a newly released KPMG report on Sept. 6, the largest investments in H1 2022 came from German-based crypto trading platform Trade Republic ($1.1 billion), digital asset […]

Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister. In a Tuesday announcement, Truss’ office named Kwarteng as the next U.K. finance minister, replacing Nadhim Zahawi, who served as chancellor of the exchequer for three months following Rishi Sunak’s […]

Ethereum’s landmark Merge event is coming — possibly even sooner than expected. According to a recent tweet by Ethereum co-founder Vitalik Buterin, the upgrade will now be fully executed sometime around September 13-15. Meanwhile, on Tuesday, ETH led gains among crypto majors as the Bellatrix hard fork and the Merge approach. Ethereum’s PoS Upgrade Is Almost Here  Ethereum, the network […]

Russia is currently in talks with several friendly nations to create clearing platforms using stablecoins  The report also adds how both the Finance Ministry and Bank of Russia believe that “it would be impossible to do without cryptocurrencies in current conditions.” According to a report issued by a local media agency Tass, Russia is currently in talks with several “friendly” […]