Ethereum Could See “Liftoff” if It’s Able to Hold One Crucial Level

Ethereum is consolidating above the $3,320 support against the US Dollar. ETH price must clear $3,450 to start a fresh increase in the near term. Ethereum is holding gains above the $3,320 support zone. The price is now trading above $3,320 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,435 and $3,450 resistance levels. Ethereum Price Eyes More Gains Ethereum…

Why Bitcoin Could Start Fresh Increase and Revisit $50K

Bitcoin is consolidating below the $48,000 resistance against the US Dollar. BTC could start a fresh rally if it clears the $48,000 resistance zone. Bitcoin is stable above the $47,000 and $46,800 support levels. The price is trading above $46,500 and the 100 hourly simple moving average. There is a major breakout pattern forming with resistance near $47,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it manages to clear the $48,000 resistance zone. Bitcoin Price Eyes Fresh…

ChainRailz Taps into the Next Phase of Web3 with Rare Resource – Supercomputers

London, UK – Recently, ChainRailz has announced they are entering into the next phase of Web3 with rare resouce – Super Compute. Making noise as the new disruptors on the block, ChainRailz claims to have rapidly and efficiently built a system to solve the world’s unsolvable problems, epidemics, and crises for pennies on the current dollar. ChainRailz makes this possible through its decentralized distributed network of supercomputers, providing the needed processing power for research scientists, engineers, and their labs around the globe. The ChainRailz network can unleash blockchain games from…

Bengal Energy to mine Bitcoin using ‘stranded wells’ in Aussie outback

Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback.  According to a report from The Australian, Bengal Energy is set to conduct a pilot program where roughly 70 Bitcoin mining rigs will be set up inside a portable building — known in the local mining industry as a “donga” — which will be assembled near a series of previously out-of-operation gas wells in the…

Ted Cruz introduces companion to Emmer’s bill to exclude Fed retail CBDC digital currency issue

Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of the bill by allowing it to be considered in both chambers of Congress at the same time.  Emmer, co-chair of the Congressional Blockchain Caucus, motivated his bill by concern a retail CBDC that forced consumers…

BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

Bitcoin’s (BTC) rally is taking a breather near the 200-day simple moving average (SMA) and that has resulted in what is either a minor pullback or consolidation in BTC and select altcoins.  In the last few days, Terraform Labs has been on a Bitcoin buying spree. The wallet address, speculated to be that of Terra, received $139 million worth of Bitcoin on March 30, taking its total to about $1.5 billion in BTC. With Terra breathing down its neck, MicroStrategy seems to have taken up the challenge. The business intelligence…

Here’s The Biggest Hindrance To Bitcoin Touching Above $50,000

Bitcoin had successfully flipped the $47,000 level this week. A welcome change after the digital asset had spent a long stretch of time plagued by low momentum. It officially signaled a break out of the consolidation of the past two-and-a-half months. Now the real work begins as bears have begun mounting significant resistance to keep the cryptocurrency from breaking above $50,000. The Point To Beat Although Bitcoin continues to hold above $47,000, there is still a lot of opposition to the digital asset in this region. $47,500 remains a technical…