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LUNA Price Aims For $100.0 As Holds Near Double Bottom

LUNA price shows positive momentum for the two consecutive sessions. The price has undergone a steep fall from the record high of $119.44 made on April 5. Now, the sellers seem exhausted near the vital support level. LUNA price gains nearly 7% in the past two sessions bucking the previous trend. Investors can expect LUNA to retest $100.0 before making another attempt to tag $120.0. However, the price remains pressured below the 50-day EMA. As of publishing time, LUNA/USD exchange hands at $86.71,...

Shiba Inu ($SHIB) Price Could Move Up ‘Hard’ This Cycle, Crypto Analyst Says

Pseudonymous crypto analyst and influencer “Altcoin Sherpa” has recently revealed on social media he believes the price of the meme-inspired cryptocurrency Shiba Inu ($SHIB) could move up “hard” at the end of this cycle. In a tweet shared with the analyst’s over 170,000 followers on the microblogging platform...

ETH Price Hovers Below 50-day EMA; Is $3,300 Possible?

ETH price makes significant moves on Wednesday, the price manages to gather some upside momentum following the downswing since April 4. Although, the price found strong support around $2,950, but still faces challenges below the critical moving averages. ETH price manages to trade in the green with decent gains. Investors expect to reach $3,300 above the daily close of the 50-day EMA. The momentum oscillator hovers near the oversold zone favoring the bullish outlook.

ETH price looks for upside signal

Source: Trading view ETH price...

“It Won’t Be in June”: Ethereum Foundation Member Hints at Merge Delay

Key Takeaways

The long-awaited Merge to Proof-of-Stake on Ethereum will likely be even further delayed. Ethereum Foundation member Tim Beiko tweeted Tuesday night that the Merge would not take place by June, as was previously anticipated. Despite the delay, Beiko still estimates the Merge will take place "soon."

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Ethereum Foundation member Tim Beiko has revealed that Ethereum’s Merge to Proof-of-Stake will likely be delayed.

Ethereum Merge Faces More Delays

Ethereum enthusiasts may have to wait a few months longer for the...

South Korean Giant SK Telecom Plans To Expand Its Metaverse

South Korean telecommunications giant SK Telecom on Wednesday said it has signed a strategic cooperation agreement with Morph Interactive, a 3D motion graphics company, to rapidly expand its metaverse platform Ifland. The two companies will collaborate to develop props, avatars, costumes, and spaces that can be used in Ifland metaverse. Moreover, the telecom firm will make equity investments in Morph Interactive under the agreement.

SK Telecom Plans Metaverse Push With Morph Interactive

SK Telecom is among many leading companies in South Korea...

Nexo Launches Crypto-Backed Credit Card in Europe

Key Takeaways

Nexo has partnered with Mastercard and e-money wallet provider DiPocket to launch a new card service in Europe. The Nexo Card will let users borrow and spend fiat using their cryptocurrency holdings as collateral. The card will be integrated with Google Pay and Apple Pay, offer 2% cashback, and allow for a loan-to-value ratio of up to 90%.

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Crypto service provider Nexo revealed today that it had partnered with DiPocket and Mastercard to launch a first-of-its-kind card in Europe...

Shiba Inu (SHIB) Rallies 21%, Here’s Why It Will Rise Further

2021’s most searched cryptocurrency, Shiba Inu (SHIB) has again managed to grab the spotlight. Crypto whales to enthusiasts appear to be gearing up to grab more of SHIB. Robinhood’s listing of the popular memecoin boosted SHIB prices, while the SHIB: The Metaverse land biding event also provided support. As a result, SHIB’s 24 hour trading volume surged by a whopping 450%. SHIB surged 21% in the last 24 hours to 0.00002754, and was the best performer among major cryptocurrencies. The token’s...

Ethereum Developer Gets 5 Years In Prison For Teaching North Korea Skirt Sanctions Using Crypto –

An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday. Cryptocurrency expert Virgil Griffith will pay a $100,000 fine for assisting North Koreans in evading US sanctions through the use of cryptocurrencies. The United States forbids its nationals from traveling to North Korea unless they have special permission. His presentation, according to the US Department of Justice, gave the Kim Jong Un leadership with “technical advise on...

U.S. Inflation for March Spikes to 8.5%, Has Bitcoin (BTC) and Crypto Already Priced In?

On Tuesday, April 12, the U.S. Labor Department released the inflation numbers for March 2022 which stood at 8.5%, the highest in four decades since 1982. The crypto market had already anticipated this event entering into a steep correction earlier on Monday. Just as the inflation numbers stood in accordance with the market expectations, Bitcoin (BTC) and the broader crypto market are showing a marginal bounce back. Explaining this, on-chain data provider Santiment reports: When #inflation and #CPI...

$ADA’s Top Whales Back to Their ‘Largest Percentage of Supply Held in Two Years’

While the price of Cardano ($ADA) has been dropping amid a wider cryptocurrency market downturn that saw the space’s total market capitalization lose over $170 billion in value, its top whales have been accumulating it over time. According to data from on-chain analytics firm Santiment, while ADA is...