The funding rate for MATIC and AAVE is currently rewarding traders who are leveraged longs, but it might not last for long. Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority …
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The Ethereum-based scaling solution recently appeared on the Mark Cuban Companies website, seemingly affirming his investment in the project. Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent …
ETH ETH Price Index The Ethereum price has bounced from last week’s selling and is now aiming at the highs once more. The number two coin in the crypto market now has a market cap of $290 billion and hit another new record high last week even as Bitcoin struggled. The announcement of more institutional …
Continue reading “Ethereum Aims for the Highs Again, SOL Shines Bright, CELO, Apr. 26”
So what is DeFi exactly? Will this be just a passing trend or will ignite a “new revolution” in the global market? All will be revealed in the following article. So let’s dive in! What Exactly Is DeFi? DeFi stands for Decentralized Finance. This is the term used to refer to financial applications built on …
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The popular U.S.-based cryptocurrency exchange Coinbase successfully ran its IPO last week, becoming one of the first crypto companies to do so. Its success means that other crypto exchanges could follow suit. Here are the stances of various exchanges. Coinbase Coinbase carried out its IPO on Wednesday, April 15. On that day the company’s Class …
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Litecoin Begins a Rally– May 25The LTC/USD market begins a rally after seeing a significant drop in its values over a couple of days’ trading sessions recently. Meanwhile, the crypto market hasn’t intensified much-required efforts to capitalize on the rallying motion over some last hours until now as price trades around $174 at a rate …
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China has reignited plans of cracking down on Bitcoin mining and trading within its borders Bitcoin has dipped from $41k to a local low of $36,600 due to the news China’s government had announced and initiated a similar crackdown in 2018 which officially kicked off the bear market then The Chinese government has once again …
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Ethereum could reclaim $3.2k to $3.5k in the short term This price target is reliant on Ethereum breaking the $3k ceiling Ethereum’s 50-day moving average is also acting as a resistance at the $3k price area The London Upgrade in July could assist Ethereum in rallying back to $4k Ethereum (ETH) could reclaim the $3,200 …
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Since well before the onset of Covid-19, the U.S. Federal Reserve had initiated monetary easing policies and from then on, the M1 Money Stock supply skyrocketed to levels never-before-seen in history. This weekend reports disclosed that the Fed has started to taper quantitative easing (QE) when it removed $351 billion from the market last week. …
PRESS RELEASE. Realm, a new NFT microverse platform, has closed its first investment round at $2.25M led by Alphabit with strategic investments from NGC, Genesis Block Ventures, LD Capital, Moonrock, and SL2 amongst other funds. Realm aims to challenge the current NFT platforms by offering creators and players a personalised metaverse aptly dubbed a “microverse”. …
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After bitcoin prices dipped to a low of $30,066 per unit last week, lots of people have been focused on the panic sellers. Meanwhile, when bitcoin prices plunged, the number of bitcoin addresses in accumulation tapped an all-time high at 545,115 addresses. Number of Bitcoin Accumulation Addresses Hit New Highs Bitcoin (BTC) prices slid from …
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On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE). One River’s Bitcoin ETF Aims to Provide a …
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Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy. On a day in which Bitcoin crashed briefly to $30,000 in a rampant bear market, the leading cryptocurrency never got anywhere close to that on Korean exchanges. The so-called “kimchi …
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The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for this task. Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of …
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White House officials are believed to be examining existing rules around cryptocurrencies and whether new restrictions are needed to protect investors from massive drawdowns like we saw last week. Officials within the Biden administration are reportedly studying “gaps” in cryptocurrency regulations following the latest bout of volatility in the market, sending a signal that new …
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