Crypto strategist Michaël van de Poppe is plotting the critical support areas for Cardano against both the US dollar and Bitcoin (BTC). In a new video, Van de Poppe tells his 118,000 YouTube subscribers that he’s looking at three price levels where ADA/USD might bounce in the event of a correction. ADVERTISEMENT “We might …
Monthly archives: August 2021
Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data
The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing. Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.com …
Visa whitepaper describes NFTs as a ‘promising medium for fan engagement’
Visa’s splash into the NFT market was driven by an evaluation of the underlying technology and its ability to serve as a “promising medium for fan engagement,” according to a recent whitepaper published by the global payments giant. The Aug. 23 publication described nonfungible tokens as an important innovation during the pandemic, where strict shelter-in-place …
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Ethereum Fees Jumped 154% Since Last Week, $400 Uniswap Fees, $1K to Interact With Opensea
Following the bug and the split that occurred after a great number of Geth nodes did not upgrade, Ethereum fees have risen dramatically since August 21, jumping from $11 per transaction to today’s 0.0088 ether per transaction ($27.98). Ethereum Transaction Fees Skyrocket Ethereum is the second-largest crypto asset in terms of crypto market capitalization with …
FBI Helps to Train Nigerian Crypto Crime Investigators
The United States government through the FBI recently helped to run a training exercise whose goal is to enhance the capacity of Nigerian cryptocurrency crime investigators, the U.S. Mission Nigeria (USMN) has said. The exercise saw over 50 Nigerian investigators and prosecutors participate. Understanding the Trends In its August 25 tweet, the USMN reveals that …
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Polygon DeFi Yield Farming on AscendEX
press release PRESS RELEASE. AscendEX, a leading cryptocurrency trading platform, is excited to celebrate Polygon (Curve) Yield Farming on their staking portal by offering an increased APR for active participants. For a limited time, AscendEX users will earn extra returns while Yield Farming with Polygon for any accounts under $10,000 USDC. AscendEX originally announced the …
Ethereum Is Ready for a Massive Run, According to Altcoin Daily – Here’s Why
Altcoin Daily host Aaron Arnold says he believes Ethereum (ETH) is poised for a massive move up amid exponentially strong fundamental growth. In a new video, Arnold tells his 952,000 YouTube subscribers that Ethereum is going through a supply shock courtesy of the EIP-1559 update, which permanently removes a certain amount of ETH from the …
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US Banking Giant Morgan Stanley Buys Over $250,000,000 Worth of Grayscale Bitcoin Trust Shares
Banking giant Morgan Stanley has made a nine-figure investment in the digital currency investment product Grayscale Bitcoin Trust (GBTC). GBTC gives institutional investors exposure to Bitcoin (BTC) as shares are based on the performance of the top crypto. ADVERTISEMENT Filings with the U.S. Securities and Exchange Commission (SEC) show the financial titan invested in …
How does the infrastructure bill affect the mining industry in the US?
On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language defining brokers in the bill is clarified, it will singlehandedly thwart the growth of …
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Bitcoin’s key momentum metric just flashed bearish with BTC price pinned under $50K
The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the …
Is Cardano Finally Ready To Blast Through $3.00? Analyst Benjamin Cowen Looks at State of ADA
Widely followed crypto analyst and trader Benjamin Cowen is weighing in on what could lie ahead for Cardano’s (ADA) bull run. In a new strategy session, Cowen says Cardano’s near future relies heavily on one simple metric involving Bitcoin. According to the crypto strategist, as long as Bitcoin stays above its 20-week moving average – …
Crypto wallets: An important battlefront to gain wallet share and mind share
Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and boarding passes. However, crypto wallets attempt to redefine the digital wallet landscape as something …
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Solana (SOL): The Ethereum (ETH) rival’s claim to fame
Almost a year and a half after its launch in March 2020, Solana’s SOL token made its way into the top ten cryptocurrencies following a price surge of over 72% and hitting an all-time high of $81.81 in the past week. With the project’s market cap currently standing at $21.1 billion, futurists say that Solana …
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Buying Bitcoin and Ether Just Got Easier in Honduras With Cryptocurrency ATM
A cryptocurrency ATM has been installed in Honduras where users can buy bitcoin and ether. According to reports, this is the first crypto ATM in the country. Honduras borders El Salvador, where bitcoin is set to become legal tender in a little over a week. Cryptocurrency ATM in Honduras A cryptocurrency ATM launched this week …
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Cryptopunks NFT Collection Joins Axie Infinity and Opensea by Hitting $1 Billion in Sales
On Saturday, August 28, the non-fungible token (NFT) project Cryptopunks crossed $1 billion in all-time sales. Cryptopunks joins the heavyweight NFT hitters Axie Infinity’s $1.6 billion and Opensea’s $3.53 billion. Three NFT Projects Have Sold More Than a Billion-Dollars in Sales The non-fungible token project Cryptopunks is now a billion-dollar NFT collection as statistics show …