Category: Banking

The cryptocurrency market is down a little after stabilising over the past week. Its total cap is $991 billion, which is down 1% in a day but up 7.5% since Thursday. Most major coins have behaved similarly within the same timeframe, although some altcoins have outperformed the market. We collect them in this list of the 5 best cheap cryptocurrency to buy. This covers coins that have good long-term potential and are selling at a discount.

5 Best Cheap Cryptocurrency to Buy

1. Lucky Block (LBLOCK)

At $0.00101640, LBLOCK is down by 3% in the past 24 hours. However, it’s up by 2% in a week and by 15% in the past fortnight.

As with many smaller altcoins, LBLOCK’s progress has been stunted by the ongoing bear market. However, it remains up by 135% since launching at the end of January, so is still in the green despite lost potential.… Read more

Bitcoin Pushes to the Upside but Fails to Jump the $21.7K Hurdle – June 26, 2022

On June 18, BTC/USD declined to $17,605 low as it fails to jump the $21.7K hurdle. Bitcoin has rallied to the high of $22,020 but it is facing rejection at the recent high. Bitcoin bulls have two hurdles to jump. Buyers have to overcome the resistance at $21,675 and $23,010.

Bitcoin Price Statistics Data:
•Bitcoin price now – $21,294.69
•Bitcoin market cap – $406,266,533,337
•Bitcoin circulating supply – 19,077,881.00 BTC
•Bitcoin total supply – $447,242,439,922
•Bitcoin Coinmarketcap ranking – # 1

Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $30,000, $25,000, $20,000

Following the recent upward correction, Bitcoin rallied to the high of $22,020 as it faced rejection at the recent high. First and foremost, if the bulls break the $22,000 resistance zone, Bitcoin will rally to the next resistance … Read more

Binance, the world’s largest exchange by trading volumes, is shifting its services to target institutional investors. The exchange has announced that it will launch a flagship platform targeting VIP and institutional users.

Binance launches a platform targeting institutions and VIPs

This new platform is being launched when the entire cryptocurrency market faces a notable price dip. Institutional investors that usually buy coins in large volumes have also been panicking because of the ongoing recession.

Binance is now launching a new platform known as “Binance Institutional.” The exchange giant plans to upgrade its services and offerings for institutional clients. This product mainly targets institutional clients. The target audience includes hedge funds, brokers, asset managers, corporates, family offices, high networth individuals, and more.

This will be a similar product to the one launched by some top cryptocurrency exchanges to target institutional clients. Institutional investments in the crypto space have increased significantly over … Read more

Hacking is an occasional occurrence in the cryptocurrency market which has been going up recently, with the latest one being Harmony protocol’s Horizon Bridge.

The team put out notices informing users and the community about the hack and promised to take the necessary options as soon as possible. This hack, followed by Axie Infiniti’s Ronin Bridge hack that drained assets worth around $622 million is the fourth such event this year.

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Harmony and the Horizon Bridge

Founded by Stephen Tse in 2018, Harmony is one of the most popular cryptocurrencies that had grown tremendously during the recent bull market. The protocol is an interoperable sharding system that employs a two-way Ethereum bridge.

As a layer-2 solution for Ethereum, the Harmony blockchain is an independent blockchain-powered by Harmony One tokens (ONE). By enabling frictionless cross-chain token swaps, Harmony … Read more

Uphold, a cryptocurrency trading platform has said that it will be suspending its services in Venezuela over the sanctions imposed against the country by the United States. Uphold said that Venezuela was among the first countries to support the platform and was suspending its services “very reluctantly.”

Uphold leaves Venezuela

In the announcement, Uphold said that users had to withdraw their funds from the platform “as soon as possible.” “The ability to trade will be halted on July 31 and all accounts fully restricted from September 30.”

Uphold is a US-based crypto trading platform and is expected to comply with all sanctions imposed by the US Office of Foreign Assets Control (OFAC). Therefore, the platform was withdrawing its services in Venezuela in compliance with the sanctions imposed against the Venezuelan government.

“Without a change in applicable law, or specific permission from OFAC, these regulations may prohibit us from releasing funds … Read more