Day: March 28, 2022

Ethereum Approaches Next Breakout, Why ETH Might Surge Further

Aayush Jindal

Ethereum is gaining pace above the $3,350 resistance against the US Dollar. ETH price could continue to rise and might even clear the $3,500 level. Ethereum is rising steadily and trading above the $3,350 resistance. The price is now trading above $3,350 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,400 and $3,420 resistance levels. Ethereum Price Targets $3,500 Ethereum…

Institutional crypto funds see largest capital inflows for 3 months

Jesse Coghlan

CoinShares data revealed on Tuesday, March 29, that institutional investments into cryptocurrencies are at the highest levels in three months, a sharp rise from the previous week which saw outflows of $47 million. The Digital Asset Fund Flows Report revealed that investment products for digital assets saw total inflows of $193 million last week, a level not seen since early December 2021. The last time investment levels were near the current figure was in the week ending on December 3rd, which saw $184 million worth of inflows. The fund flows…

Web3.0 DID QPassport’s Ecosystem Welcomes First DApp 721Land

Anthony B

Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more › Following the launch of qpassport.io on Ethereum Mainnet, Web3.0 decentralized identifier (DID) QPassport is expanding its user-friendly ecosystem with the integration by 721Land, a metaverse-centered NFT publishing and trading platform, enabling users to login 721Land and manage their authorized info with QPassport. When registering on 721Land, you can choose to log in with QPassport to quickly finish the registration process, and…

Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives

Brian Newar

Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program. Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures” in the Opportunity Zone program. The concerns were raised in letters he sent to two companies and one individual. He wants to understand how they are providing the required reciprocal support for low-income communities as stipulated by the rules…

Big Reaction From Bulls Imminent

Aayush Jindal

Bitcoin gained pace above the $47,000 resistance against the US Dollar. BTC is showing positive signs and might rally towards the $50,000 resistance zone. Bitcoin saw a major technical breakout above the $45,500 resistance zone. The price is trading above $46,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $46,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise and might trade towards the $50,000 resistance zone. Bitcoin Price Breaks $48K…

Big Reaction From Bulls Imminent

Aayush Jindal

Bitcoin gained pace above the $47,000 resistance against the US Dollar. BTC is showing positive signs and might rally towards the $50,000 resistance zone. Bitcoin saw a major technical breakout above the $45,500 resistance zone. The price is trading above $46,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $46,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise and might trade towards the $50,000 resistance zone. Bitcoin Price Breaks $48K…

Coinbase Reportedly to Acquire Mercado Bitcoin Owner 2TM

Godfrey Benjamin

America’s largest trading platform, Coinbase Global Inc, is reportedly on track to acquire 2TM, the Brazilian startup that owns the Mercado Bitcoin cryptocurrency exchange. As reported by the Estadão newspaper, the American cryptocurrency trading firm has been in talks with 2TM since last year, despite citing no sources, claims a deal is on track to be inked by the end of April. Mercado Bitcoin has been on a massive growth trajectory with the exchange hitting a 3.2 million milestone in the past year. While the platform added as much as…

Ex-Exec Says Liquid Global Scapegoated Her in $90M Crypto Hack

Anthony B

Marisa McKnight, Liquid Global’s former head of product and marketing in Japan, where the company is based, claims that she “was simply being used as a scapegoat for the hack” of the exchange disclosed on Aug. 19, 2021. The company claimed hackers stole around S$97 million (about US$71 million) worth of digital currency, the filing says. Author: Lavender Au Source link

Dogecoin Appreciates, Where’s It Headed Next?

anushsamal

As the bulls regained strength over the past few days, major cryptocurrencies witnessed considerable respite. Following impressive gains, Dogecoin has soared a substantial 8% over the last 24 hours. The coin was changing hands at $0.151 at the time of writing. Market movers were seen trading in the green, as a reason altcoins also jumped north on their charts. Following bullish sentiments across the market, the global cryptocurrency market cap stood at $2.26 Trillion after a 6.7% positive change. Bitcoin was trading at $47,800, which marked a multi-month high for…