This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. After enforcing global KYC requirements for all users, Binance’s dominance in CeFi has slipped from about two-thirds to just over one half, according …
Monthly archives: August 2021
Bitcoin Investors Should Watch These Crucial Levels if BTC Fails To Rise Above $50,000: Crypto Trader Scott Melker
Cryptocurrency strategist and trader Scott Melker is analyzing how the price of Bitcoin may move over the coming days and weeks. Melker tells his 78,000 YouTube subscribers that Bitcoin (BTC) will likely face strong resistance just above the $50,000 level. The cryptocurrency analyst argues that the resistance level coincides with a key Fibonacci indicator number. …
Banking Titan Citigroup Working To Bring Bitcoin Futures Trading to Institutional Clients: Report
Banking behemoth Citigroup is reportedly working to offer its institutional clients Bitcoin (BTC) futures trading services. Citing an unnamed source who is familiar with the matter, Bloomberg reports that Citigroup is waiting for regulatory approval to start trading Bitcoin futures. Powered by CME Group, the world’s largest financial derivatives exchange, the Bitcoin futures contract is …
Analysts say Bitcoin price pullback and profit-taking at $50K ‘was expected’
The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected. Data from Cointelegraph Markets Pro and TradingView shows that following its rejection, the price of Bitcoin slid to …
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Bitcoin Price Prediction: BTC/USD Retraces Below $48,000
Bitcoin Price Prediction – August 26 Today, the Bitcoin price prediction is currently falling with close to $46,000 drop at the time of writing. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $54,000, $56,000, $58,000 Support Levels: $42,000, $40,000, $38,000 BTCUSD – Daily Chart Buy Bitcoin Now At the time of writing, BTC/USD …
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Binary options trading with Bitcoin (BTC): How it works
Many traders would first think of margin trading, with its high risk, high reward approach. However, there’s another high-risk strategy out there: Binary options trading. What Is Binary Options Trading? Among many financial instruments to tackle the securities market, options contracts are the most popular. As of mid-August, 2021, the average options trading volume amounted …
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Central American bank: Bitcoin’s (BTC) success in El Salvador could mean legalization in other countries
El Salvador adopting Bitcoin (BTC) as a parallel legal tender to the US dollar in September could substantially lower the costs of remittances that are a vital source of income for millions. According to the region’s development bank, other Central American countries are zealously waiting to see if this happens, because if it does, they …
Chainlink Price Feeds are now live on the Solana devnet
Chainlink Price Feeds, the most widely used and time-tested decentralized price oracles in DeFi, are now running live on the Solana Devnet at sub-second updates, as per a release shared with CryptoSlate. The Chainlink team plans to ship the mainnet integration before the end of Q4. The integration is the result of many months of …
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How this NFT project is bringing gamification and customization to everyone
Creating digital packs that contain NFTs was once extremely expensive and consultancies would charge thousands of dollars to use their sophisticated software. However, time moves fast in the blockchain world and the founder of NeftyBlocks, Juan Paniagua with his co-founder José Andrade, wanted to create their own solution for a fun Alpacaworlds NFT collection on …
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New crypto ‘MATE’ offers guaranteed limit orders on DEXs. It has already surged 50x
MATE is a decentralized exchange (DEX) that enables traders to maximize their returns through guaranteed limit orders with zero slippage. It was launched on the Binance Smart Chain in a successful Fair Launch on August 16. And as a fully community-owned DEX, the platform itself will be governed by its eponymous native token. The project …
Cardano Creator Charles Hoskinson Responds To Backlash Over New Crypto Partnership
Charles Hoskinson, co-creator of Ethereum and creator of Cardano, is responding to criticism leveled by Weiss Crypto. The Cardano Foundation announced on Tuesday that the company will comply with anti-money laundering (AML) measures by partnering with blockchain analytics provider Confirm. The partnership will enable exchanges, custodians, and other third parties to track the history of …
CryptoPunk NFTs Shatter Monthly Sales Record – Here’s the Average Price of One Punk
Monthly sales of the non-fungible token (NFT) project CryptoPunks are reaching record highs. According to the industry tracking website CryptoSlam, $378,277,946 worth of Punks sold in August – the highest monthly sales figure in the three years since the project’s launch. ADVERTISEMENT The project is a collection of 10,000 unique, 8-bit-style pixel art images of …
Top Exchange FTX Injects a Massive $120,000,000 Into Hacked Crypto Platform Liquid
Crypto derivatives exchange FTX has stepped in to loan Liquid exchange $120 million after the Japanese platform was hacked for an estimated $90 million on August 19th. FTX CEO Sam Bankman-Fried tweeted, “We’ve admired what Liquid has been working towards: a leader in international cryptocurrency compliance, and one of the longest running exchanges in the …
Cryptoprocessing Service ALFAcoins Automates Cryptocurrency Payments for E-Commerce
ALFAcoins is a payments solution that offers crypto processing services to both large and small merchants worldwide. The company automates the entire process of paying with cryptocurrencies and enables merchants to integrate with ALFAcoins to accept crypto payments directly on their websites. This service opens up businesses to a wider market by removing payment restriction …
Altcoins sell off while exchange listings boost COTI and Conflux Network
Bears pressed harder on the market on Aug. 26 after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses. While most of the market is seeing red, a few altcoins managed to notch notable gains due to exchange listings and new staking opportunities. Top seven coins with …
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