Cryptocurrency News Headlines

Cryptocurrency news hot off the press!

Keep informed of the latest market moving incidents and information. Cryptocurrency news hot off the press! Keep informed of the latest market moving incidents and up to date headline news information.

Ripple (XRP) Near Crucial Juncture: Here’s Why It Could Decline Sharply

Ripple failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone. Ripple is now trading well below the $0.2400 and $0.2380 support levels against the US dollar. The price is facing many hurdles and it is now […]

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SBTC Plummets by 99% as Devs Announce Dissolution of Token

The price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64. […]

The post SBTC Plummets by 99% as Devs Announce Dissolution of Token appeared first on Bitcoin News.

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VIDYA’s Public Sale Marks the Dawn of a New Blockchain Gaming Era

In 2017, the gaming world was revolutionized by the massive success of a simple blockchain game called CryptoKitties. It enabled players to breed and trade unique digital cats via a series of smart contracts on the Ethereum blockchain. That simple concept led to a game that now boasts millions of dollars’ worth of user transactions, […]

The post VIDYA’s Public Sale Marks the Dawn of a New Blockchain Gaming Era appeared first on Bitcoin News.

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Permissionless Bitcoin Is Back on Ethereum After Early Disaster

Permissionless Bitcoin product, tBTC, is re-launching on Ethereum mainnet, but this time with adequate safety measures. The smart contracts have been audited extensively, and the protocol will limit the supply of tBTC, gradually lifting the cap with time. tBTC Adds More Bitcoin to Ethereum Keep Network was forced to pull the plug on their Bitcoin-Ethereum bridge, […]

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Winklevoss Twins, Bitcoin Billionaires, Think DeFi is a “Revolution”

Ethereum’s DeFi space has fallen off dramatically over recent weeks due to weakness in the markets. Top coins pertaining to the space have dropped by over 30-40% from their recent all-time highs, resulting in market carnage. Not to mention, some crypto assets in the space have lost even more than 40%, plunging as capital floods […]

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After Two Police Raids, Bitcoin Exchange Bithumb Up for Sale

Bithumb, the largest cryptocurrency exchange in South Korea, is allegedly up for sale to the highest bidder, according to the South Korean news outlet Herald. Responsible for more than 50% of the domestic trading volume with 4.77 million users, Bithumb is considered the primary driver of cryptocurrency trading in the country.  According to the news […]

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Ethereum Price Action Suggest More Downsides Below $330: Here’s Why

Ethereum is struggling to recover above the $345 and $350 resistance levels against the US Dollar. ETH price is likely to continue lower below $330 unless it recovers above $355. Ethereum corrected a few points higher, but it failed to climb above the $350 level. The price is declining below $345 and it is well […]

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This On-Chain Indicator Signals Bitcoin May Soon Go Parabolic

Bitcoin’s price action has been largely favoring sellers throughout the past several days and weeks, with bulls unable to catalyze any strong momentum while the cryptocurrency continues facing intense selling pressure each time it attempts to push higher. The lack of sustainable momentum seen throughout the past few days and weeks has struck a serious […]

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Bitcoin Could Soon Enter a “Nose Dive” as Gold Loses Key Support Level

Bitcoin has slipped below crucial support levels after peaking at $11,200 last week. The coin now trades at $10,400 as of this article’s writing, below supports in the $10,500-11,000 range that is so important for BTC. Bitcoin’s drop comes as the price of gold has dropped lower, towards $1,900, then under it. Both assets seem […]

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Bitcoin Weekly Momentum Flips Bearish For The First Time Since April

With Bitcoin holding strong above $10,000, the halving in the past, and months of positive price action, it is hard to not be bullish on the first-ever cryptocurrency. However, a momentum measuring tool has flipped bearish for the first time since April 2020 on weekly timeframes, potentially pointing to $10,000 failing to hold and a […]

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Here’s What Could Be Fueling Uniswap Token’s Rapid Descent Below $4.00

Uniswap’s newly released governance token – called UNI – has seen some immense volatility in the time following its launch. After rallying from lows of $1.00 to highs of $8.50, the cryptocurrency’s price has been descending rapidly. It appears that those who received 400+ tokens as a result of the recent airdrop are beginning to […]

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Chainlink Could Soon “Nuke” Lower if It Breaks Below Critical Support

Chainlink’s price has been sinking like a stone throughout the past few days and weeks, with buyers being unable to garner any sustainable bullish momentum as the cryptocurrency faces immense inflows of selling pressure. This has caused the crypto to dive down to a crucial support level that has proven to be historically significant. As such, […]

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Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain

Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s main sidechain during the last year. Five years ago, bitcoiners relentlessly […]

The post Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain appeared first on Bitcoin News.

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Technicals Indicate Bitcoin Bears Are Likely To Protect Upsides Above $10,600

Bitcoin price started consolidating losses after a sharp decline to $10,300 against the US Dollar. BTC is likely to face a lot of hurdles near $10,550, $10,600 and $10,650. Bitcoin is slowly recovering higher from the new weekly low at $10,302. The price is still below the $10,550 resistance and the 100 hourly simple moving […]

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Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk

Survey: Large Number of Yield Farmers Can't Read Smart Contracts Despite High RiskA new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot comprehend the smart contracts they use for […]

The post Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk appeared first on Bitcoin News.

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Uniswap UNI Token FOMO Brings Ethereum Fees To Nearly $1M An Hour

Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. What does […]

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Craig Wright’s Summary Judgment Denied – Billion Dollar Bitcoin Lawsuit Heads to Trial

Craig Wright's Summary Judgment Denied - Billion Dollar Bitcoin Lawsuit Heads to TrialOn Monday afternoon, Judge Beth Bloom, from the District Court of Florida, denied Craig Wright’s summary judgment and the infamous billion-dollar bitcoin lawsuit will go to trial in January. The court published a 93-page decision on the matter, as Judge Bloom detailed that “a genuine dispute of material fact exists” for a number of the […]

The post Craig Wright’s Summary Judgment Denied – Billion Dollar Bitcoin Lawsuit Heads to Trial appeared first on Bitcoin News.

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How BTC Held On Exchanges Matches Bitcoin’s Deadliest Drop Yet

Several signs indicate that Bitcoin is potentially on the brink of a new bull market, and much higher prices are ahead. However, one seemingly bullish sign that investors are preparing for mark up, is actually at the same level as just prior to the collapse to the cryptocurrency’s bottom. Are looks this deceiving, and Bitcoin […]

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On-Chain Analyst: Bitcoin Likely to Decouple from Stock Market in Coming Months

Bitcoin has been forming a strong correlation to the stock market once again, with this typically occurring during times of global uncertainty. At the moment, traditional investors are consumed with fears regarding the lack of a second domestic stimulus package within the U.S., as well as the lack of progress in reeling in the pandemic. […]

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YFI Worst Hit by Ongoing Crypto Market Meltdown; Could It Recover?

YFI has been among the worst-hit tokens in an ongoing meltdown that has wiped $65 billion from the cryptocurrency market. As of 1223 GMT Tuesday, YFI/USD was trading about 47 percent lower from its all-time high at $44,003. The pair’s downside correction followed a major rally that brought it up by more than 2,500 percent […]

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