Stellar Lumens – Investors May Long Around This Entry Level

Stellar Lumens recorded phenomenal actions at the start of October as the altcoin attained a nearly 66% surge to the local peak of $0.417. That took XLM around vital FIB levels that allowed healthy price progression. Traders have another opportunity to buy when XLM neared the 50 Simple Moving Average and the 61.8% FIB level. … Read more

Local Crypto Investors In China Still Buying Cryptocurrencies

Even though crypto transactions are now outlaws in china, some Chinese crypto investors are still holding on to their digital assets. When Bloomberg interviewed some of these investors, they agreed that the announcement gave them the impetus to increase their crypto holdings. The Drive To Hold More Ballet Global’s CEO, Bobby Lee, said, “the clampdown … Read more

EOS, Stellar’s Lumen Daily Analysis – 12 October

Most altcoins will have to move above today’s pivots to avoid breaching vital support areas following choppy actions at the beginning of the week. EOS EOS declined by 0.79% yesterday. With Sunday’s 8.26% drop, the alt ended its day near $4.5477. Unpredictable sessions early on Monday had the token rallying to $4.7603 before reversals emerged. … Read more

House Committee Has Finally Approved Cryptocurrency Tax Provisions

The tax portion of the amended reconciliation package of about $3.5 trillion has been approved by the House-of-Representatives-committee, which is committed to ensuring the revenue. On Wednesday, voting has been cast by the “Ways-and-Means-Committee” for the “Budget-Committee” to transmit the draft. The voting resulted in a 24-19 ratio, and the only member who broke party … Read more

Bitcoin (BTC) Maintains Uptrends While Shiba Inu (SHIB) Slumps 30%

Bitcoin hit a new high since May, nearing $56K. Meanwhile, SHIB corrected by almost 30% in one day. Bitcoin finally rose towards $56K after the monthly peaks and impressive gains over the last few days. However, most alts remain somewhat inactive at the moment, with few exceptions. SHIB slumped 30% over the past day after … Read more

Indian Crypto Exchanges Are Rolling Out Crypto Giveaways And Marketing Campaigns To Lure Investors

To make the celebrations for the holiday term in India, the exchanges of cryptocurrency are pursuing to attract retail traders by initiating intense marketing campaigns as well as delivering a lot of crypto as gifts. Intended for the current year’s season of Hindu holidays, which commenced on 10th September, the exchanges of cryptocurrency are persuading … Read more

Opposition to Nomination of Saule Omarova as Head of OCC Gathers Momentum

President of the United States, Joe Biden, is reportedly planning to nominate Saule Omarova for the position of the Office of the Comptroller of the Currency (OCC). Saule Omarova is known as a strong critic of cryptocurrency and the banking system. Hence, her nomination has raised concerns and resistance is already forming against the news … Read more