Altcoins are picking up steam as the relief rally in Bitcoin and Ether gains traction. Bitcoin’s (BTC) active supply — coins that have moved in the past two years or earlier — dropped to a five-month low of 44.5% on June 2, according to data from Glassnode. This indicates that investors who had purchased Bitcoin …
Continue reading “Price analysis 6/2: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH”
The new policy allows companies that have cleared rigorous regulatory hurdles to post ads. In a surprise move today, online advertising behemoth Google has lifted a nearly three year old policy banning cryptocurrency exchanges from using its ad services. “Beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those …
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Bitcoin is forming a textbook downside continuation structure called Bearish Pennant whose ultimate breakout target lurks near $16,000. Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to …
“NFTs present a real opportunity for artists to create and derive more value than ever before, and we saw an opportunity to solve the existing challenges and barriers to entry that many are currently facing with Metaplex,” said Raj Gokal, COO of Solana Labs. A nonfungible token marketplace by the name of Metaplex has officially …
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The joint venture fund is intended to provide funding, developmental support and exchange listings to up-and-coming Polygon ecosystem projects. Polygon ecosystem is getting a major funding boost thanks to a new joint venture fund with blockchain venture capitalist AU21 Capital, setting the stage for wider adoption of the Ethereum-compatible infrastructure platform. The $21 million Polygon …
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Ethereum’s 3-month correlation with Bitcoin has hit a 10 month high The increased correlation comes after last month’s Bitcoin dip to $30k that shook the crypto-verse ETH/BTC daily chart hints of Ethereum attempting to break free from the influence of Bitcoin at least in the short term However, 0.08 BTC might prove to be a …
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Bitcoin Price Prediction – June 2 The Bitcoin price bounces off the support at $35,920 and added more than $2500 to its current value. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $42,000, $44,000, $46,000 Support Levels: $32,000, $30,000, $28,000 BTCUSD – Daily Chart BTC/USD is currently trading around $38,182 with a 4.07% …
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Approximately 378 days ago, before the bitcoin bull market started to heat up, a unique block was spent stemming from a coinbase reward created 37 days after the Bitcoin network launched. It seems roughly ten coins from the block reward were sold to an exchange, but 40 bitcoin worth $1.4 million at today’s exchange rates …
Major banking corporation Standard Chartered is launching a cryptocurrency exchange and brokerage service, giving its clients access to cryptocurrencies, such as bitcoin and ether. Standard Chartered joins a growing list of major banks worldwide that have embraced cryptocurrency. Standard Chartered Bank Diving Into Crypto Standard Chartered PLC (STAN.L) said Wednesday that the bank’s innovation arm, …
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PRESS RELEASE. Tel Aviv – June 2, 2021 – Kirobo, a leading cryptocurrency solutions developer, has announced that its crypto transfer ‘undo button’ is now available for transactions involving UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. This extends the reach of Kirobo’s solution to over 4.5 million holders …
Hungary plans to be the first country in the world to erect a statue of Satoshi Nakamoto, as a life-size bronze bust of Bitcoin’s creator will be displayed in Budapest. The bronze bust design is being constructed by two sculptors, Tamás Gilly and Réka Gergely. A Reflective and Hooded Bronze Bust of Satoshi Nakamoto to …
Interoperable privacy solution Panther Protocol is looking to bring privacy into decentralized finance (DeFi), as well as the wider crypto asset universe. The startup has raised $8 million from a private sale to get the ball rolling. A roll-call of notable investors pitched in, including the likes of Moonwhale, Alphabit Fund, Kosmos VC, and several …
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Crypto ETFs in the US are piling up at the Securities and Exchange Commission (SEC) with multiple submissions awaiting approval. The reason the financial watchdog is showing hesitance towards launching ETFs has not been stated explicitly, but it could be concerned with how to protect investors, given the volatile nature of the crypto market, and …
Continue reading “SEC Still Stalling On Crypto ETFs But UK’s First Bitcoin ETP Looms”
Kraken’s mobile crypto trading app is now available across the United States, except for New York and Washington. Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States. The company announced Wednesday that its new app is now available for most …
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Manufacturers restrict mining of cryptocurrencies due to a shortage of GPU cards: Will this lead to the end of mining as we know it? After an exceptional start to the year, the crypto market entered a bearish period in mid-May, causing some to reevaluate their stance on some of the fundamentals surrounding the crypto industry. …
Continue reading “Fortunes turning? Specialized GPUs and SSDs come to aid crypto miners”
