Bitcoin Skyrockets Climbing Past $8,200, Ripple XRP Gains Over 18% – May 14th Cryptocurrency News
Cryptocurrency news for today May 14
Bitcoin finally breaks through the 200-hour moving average.
Investors are preparing a lawsuit against Durov and his company after the closure of the TON project.
It is possible that bitcoin whales are not hodling and regularly drain assets.
Read about all the key events that have occurred in the cryptocurrency industry over the past day in the daily digest on the BeInCrypto portal.
The focus of the crypto industry participants continues to be the unexpected closure of the TON project and the potential consequences of such a decision by Pavel Durov. They are not the only disaffected. About 17 thousand users of the infamous QuadrigaCX exchange also filed claims in court. Meanwhile, Bitcoin still broke above the $ 9000 round mark and the 200-hour moving average. But will he manage to develop growth?
Read about the situation in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..
It’s all over with TON, Pavel Durov announced the closure of the project (updated)
The TON project promised to become a next generation blockchain platform and surpass bitcoin and ether in performance, scalability and speed. However, these plans were not destined to come true due to insurmountable obstacles created by American regulators. Now a number of investors have announced that they are preparing a lawsuit against Pavel Durov and his company. More details
QuadrigaCX users filed claims for $ 300 million
Users of the bankrupt crypto exchange QuadrigaCX filed lawsuits worth about $ 300 million. About 17,000 people accused the site of embezzlement of funds and demand to return the money back.
Lawyers are confident that it will take several years before the victims receive compensation. More details
These three altcoins have broken through key moving averages
Several altcoins have recently exceeded important moving averages.
ADA, XLM and ZIL have broken through their 200-day MA and are showing a fighting spirit. The 100/200 day moving averages come into play, and this is important for the three altcoins that can gain support and test range highs. More details
Bitcoin finally breaks through an important moving average
On May 13, Bitcoin finally managed to break through the $ 9,150 zone on its third attempt, which has acted as resistance since the May 10 fall. However, the breakout took place at very low trading volumes, which have not grown to date..
The RSI indicator also began to give the first signs of weakness. More details
Whales Get Rid of Assets as Bitcoin Price Rises – Research
The largest cryptokits are not hodling and are constantly dumping assets as soon as Bitcoin reaches the required activity. At least that is the conclusion reached by the consulting agency Delphi Digital Inc. More details
Halving Bitcoin halving cuts the number of new coins created and earned by miners in half. This happens roughly every four years and … More 2020 hasn’t matched the 2017 crypto rally
Despite the fact that halving remained the main topic around Bitcoin from late 2019 until May 2020, the event itself did not attract the same retail interest as the 2017 bull market. The third halving, which took place on May 11 at block 210,000, turned out to be smaller in scale compared to the 2017 cryptocurrency rally. More details