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AUD Threatens Key Level as APAC Traders Await Omicron News


The week started rough for the AUD as the US cuts off travel with South Africa. The safe-haven currency made the decision amid the threat of a new pandemic variant, Omicron. The announcement affected the market significantly, hurting the portfolio of numerous Australian forex brokers. The new virus...

Bitcoin and Ethereum Face Key Hurdles, STX Accelerates


Bitcoin price started an upside correction above the USD 56,500 resistance. BTC even cleared USD 57,000, but it is facing hurdles near USD 58,000. It is currently (12:03 PM UTC) consolidating near USD 57,000. Besides, most major altcoins are facing key hurdles. ETH is consolidating near USD 4,300...

Moonpay Raises $555 Million in First Funding Round


Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that...

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs


Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian...

KRRX: the Key to Crypto-Fiat Ecosystem


Kyrrex, the global payment, financial, and investing ecosystem recently announced the presale round for the KRRX Token. As the world’s first digital bank, Kyrrex’s native ecosystem token proposes numerous services and features.  What is Kyrrex? Kyrrex is the world’s first digital bank, bridging...

Gaming Giant Ubisoft Mentions Blockchain in Recent Earnings Report


Ubisoft, one of the biggest gaming companies in the entertainment world, mentioned blockchain as one of the key points of focus for the future of the brand. The company said it is exploring blockchain as an innovative technology to be included in games in its latest earnings report. While...

Bitcoin, Ethereum, and Altcoins Drop Below Key Levels


Bitcoin price failed to stay above the key USD 60,000 support zone and BTC extended decline below USD 59,500. It is currently (11:51 UTC) down almost 6% and it could decline further towards USD 57,500. Besides, most major altcoins are gaining bearish momentum. ETH declined 5% and it broke the...

Bitcoin and Ethereum Reach Key Support, Altcoins Face Sellers


Bitcoin price started a downside correction from the USD 67,000 zone. BTC corrected lower below USD 65,000 and USD 63,500, before going higher again. It is currently (11:51 UTC) trading above USD 63,500, but there is a risk of a downside correction. Besides, most major altcoins are also correcting...

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