CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, RIPPLE News
Bitcoin Holds at $ 31K, Why Bulls Face Difficulties
Bitcoin price is stuck in a range below the resistance levels of $ 33,500 and $ 33,800 against the US dollar.
After a failed attempt to overcome the $ 35,000 resistance, the bitcoin price slashed profits and traded below $ 33,800.
There was a jump below the $ 31,000 level, but it remained stable above $ 30,800. The low has formed around $ 30,823 and is currently retracing higher. It surpassed the 23.6% Fibonacci retracement level of the downtrend from a high of $ 34,915 to a low of $ 30,823.
Bitcoin price is currently facing resistance around $ 32,800 and a 100-hour simple moving average. The 50% Fibonacci retracement level of the downside movement from the $ 34,915 high to the $ 30,823 low is also around $ 32,800.
Ethereum lacks momentum above $ 1,350
Ethereum is meeting resistance around the $ 1,350 level against the US dollar.
After testing the $ 1250 support zone, Ethereum began new growth. ETH broke through the resistance levels of $ 1300 and $ 1320. It even broke through the $ 1350 level and the 100-hour simple moving average.
However, the bulls failed to keep the price above $ 1350. A high of around $ 1375 has been formed and the price is currently declining.
Ripple’s operations are expanding in Asia as they hope to explore CBDCs with central banks despite SEC legal pressure
Despite the Securities and Exchange Commission’s lawsuit against its firm, Ripple continued to expand its services as a fintech firm.
Following a lawsuit last month, CEO Brad Garlinghouse said his firm had signed 15 new clients. While many exchanges have moved to delisting or suspended XRP trading on their platforms for fear of regulatory concerns from the SEC, Ripple’s operations remain in demand in the Asia-Pacific region. According to its CEO:
KPMG steps down as auditor of Singapore blockchain firm following horrific hedge fund report
The hedgfund said a small number of related parties are responsible for most of the blockchain firm’s transactions.
KPMG has stepped down as the auditor of Triterras, a Singapore-based fintech firm specializing in trade finance and blockchain, which went public last year as a result of its merger with a dedicated purchasing company.
The resignation comes less than a week after US hedge fund Phase 2 Partners released a horrific report claiming that at least 75% of transactions on the Triterras platform can be traced back to company executives. Triterras’ shares have dropped from $ 11 to $ 8 since the report was published, bringing the company to a market cap of $ 678 million.
Ripple Testing Key Support, Why It May Fall
Ripple is trying to hold above the key $ 0.2600 support against the US dollar.
After trying to break through the $ 0.3120 resistance, the XRP Rpple price started another decline. The price fell hard below the support level of $ 0.2800 and even fell below $ 0.2600.
Circle provides seamless USDC-USD transfers, providing a bridge from banks to DeFi
Circle’s new USDC API provides a bridge between cryptocurrency and traditional finance.
Circle, the company behind the second most popular stablecoin, USD Coin, has unveiled a new API that will allow USDC to USD to be transferred seamlessly through its automated clearinghouse systems.
US SEC Accuses Coin Signals Crypto Trader For $ 5 Million Fraud
The US SEC accused the cryptocurrency trader of allegedly participating in a ponzi scheme that lured out more than $ 5 million.
The US Securities and Exchange Commission accused the cryptocurrency trader of allegedly participating in a ponzi scheme that lured more than $ 5 million from over 170 investors. The defendant, Jeremy Spence, aka “Coin Signals”, was charged by a Manhattan Federal Court of Justice with “extortion” for various crypto funds he operated.
Union Square Ventures to Allocate 30% of New $ 250M Fund for Crypto-related Investments
The planned investments “will include direct ownership of tokens, as well as capital in projects related to the blockchain at an early stage.”
Union Square Ventures said it is investing roughly 30% of its newly created $ 250 million core fund for 2021 in cryptocurrency-related investments, just like other recent funds.
Ripple filed yet another lawsuit over securities law violations
Ripple’s legal troubles pile uпппp, yet another class action lawsuit filed against her
Ripple Labs, the issuer of неп cryptocurrency, is facing yet another class action lawsuit filed on behalf of Florida buyer Tyler Toomey.
The plaintiff accuses the blockchain company of violating the Florida Securities and Investor Protection Act by offering XRP to retail investors without any restrictions.