Author: CryptoNews

Ethereum is moving higher above $1,220 against the US Dollar. ETH could rise further if there is a clear move above the $1,240 and $1,250 resistance levels. Ethereum is attempting a fresh increase above the $1,200 and $1,220 resistance levels. The price is now trading above $1,200 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above the $1,250 resistance. Ethereum Price Starts Increase Ethereum price remained well…

The Israeli Securities Authority (ISA) proposes a framework for regulating digital assets as an increasing number of Israeli investors are exposed to digital assets, and over 150 companies operate in Israel, according to the regulator.The regulator released a proposal in January 2023, outlining its purpose to achieve the “double value” of responding to the risks associated with investing in digital assets alongside giving the authority means to adopt a regulation.The authority has established multiple committees over the past several years to examine and regulate the issuance of cryptocurrencies and promote the development of digital markets in Israel.The latest committee was tasked…

After a shocking year for Bitcoin (BTC), public miners will focus on strengthening balance sheets and minimizing costs this year, according to industry analysts.Bitcoin mining cost minimization will likely lead public miners to either go private or merge with other companies in 2023, Hash Rate Index’s Bitcoin analysts Jaran Mellerud and Colin Harper predicted.In a blog post titled “10 Bitcoin mining predictions for 2023,” the analysts pointed out that public miners are burdened with strict reporting requirements, such as spending millions of dollars on annual reporting.After many Bitcoin mining stocks plummeted 90% in 2022, public miners could significantly reduce administrative…

The pressure on the Digital Currency Group (DCG) and Grayscale continues to mount. The Winklevoss twins have given DCG an ultimatum of January 8th to return the $900 million Gemini Earn customer funds, while the users themselves have filed a class action lawsuit against both companies. In addition, in what is believed to be a tactical decision, Valkyrie Investments and Fir Tree recently got involved in the “Shakespearean drama,” as NewsBTC reported yesterday. Thus, the pressure on DCG CEO Barry Silbert is building up day by day, while he is presumably hoping for Feb. 3rd when a three-judge panel will…

Business intelligence firm MicroStrategy made headlines ahead of New Year’s Eve as the sale of a portion of its Bitcoin (BTC) holdings drew the attention of industry experts and critics.A regulatory filing with the United States Securities and Exchange Commission (SEC) on Dec. 28 detailed the first time the firm sold some of its BTC since its high-profile adoption of the preeminent cryptocurrency as its primary treasury asset.MicroStrategy made waves in the industry in 2021 as it began amassing significant holdings of BTC, with founder Michael Saylor touting the asset as a superior store of value to fiat currency as…

Data shows a Litecoin whale has withdrawn $32 million in LTC from Binance, a sign that could be positive for the latest rally. Litecoin Whale Takes Out $32M In LTC From Binance As per data from the crypto transaction tracker service Whale Alert, a massive LTC transfer has taken place during the past day. In total, the transaction involved the movement of 425,660 LTC on the blockchain, worth around $32.1 million at the time of the transfer. Related Reading: Billion-Dollar Hedge Fund Is Betting Against Bitcoin And Grayscale, Not Just USDT Usually, such large transfers are a sign of activity…

With one of Bitcoin’s original core developers claiming that his balance got drained by a hacker, the crypto community is at a loss at how “normal people” can succeed at securing their own Bitcoin (BTC).In a recent thread, Luke Dashjr claimed that some alleged attackers had somehow accessed his (pretty good privacy (PGP) key, which is from an encryption program that creates cryptographic authentication. Members of the crypto community voiced their concerns about how a Bitcoin core developer who is known for being security conscious could be compromised. Some believe that this makes it difficult for normal people to adopt…

Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance. Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a fresh decline if it stays below the $1,120 level or even $1,250. Ethereum Price Still In…

Our latest Gemini Review will show you all about this crypto exchange, its pros and cons, and its features and fees. The Gemini reviews will also discuss the latest developments regarding this platform and also the Gemini Earn review feature that is one of the most popular features that this exchange offers so let’s get right to it.Gemini Trust Company is a crypto exchange that became very popular in the past few years and it offers over 100 assets available to buy, sell and trade. In addition to the crypto selection, the platform provides multiple security measures that guarantee fund…

The Dogecoin Foundation announced a new fund for Dogecoin Core developers to promote the Dogecoin ecosystem further in the new year. On Dec. 31, the foundation stated that it is allocating 5 million Dogecoin (DOGE), which is around $360,000 at the time of writing, to the new fund to support the development of the Dogecoin platform. According to the Dogecoin foundation, the fund will be held in a new multisignature wallet managed by its members and needs three out of five signatures from Dogecoin Core developers chromatic, Marshall Hayner, Michi Lumin, Patrick Lodder and Ross Nicoll. These custodians will not have…