Shoe giant Adidas is partnering with the crypto exchange Coinbase, though details on the new partnership remain unclear. The Adidas Originals Twitter account announced the news to its four million followers on Wednesday, jokingly saying it was “probably nothing.” Coinbase retweeted the German shoe giant’s announcement, saying “Welcome to the party, partner!” Neither company has …
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Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender. Bailey said the move to adopt Bitcoin within a dual currency system was concerning, while also adding that volatility would impact most detrimentally. …
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Blockchain network Solana has disclosed key findings highlighting the network’s fast processing and minimal energy consumption in its energy report for November. Solana foundation claimed that a transaction processed on Solana consumes less energy than two Google searches, making it one of the fastest networks for conducting crypto transactions. Founded in 2019, Solana’s (SOL) blockchain …
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One of the largest banks in Estonia, LHV, is now offering cryptocurrency trading directly from its app through crypto exchange Bitstamp. The bank says it is the “first bank in the Baltics to start offering crypto trading.” Large Estonian Bank Now Offers Crypto Trading LHV announced this week that it has become “the first bank …
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A recent study suggests that 99% of people from Mexico and Brazil and 96% of Americans fail to grasp the basic concepts of cryptocurrencies. Out of all the survey respondents aware of bitcoin, 17% in the U.S., 15% in Brazil, and 14% in Mexico own the crypto asset. The report published by cryptoliteracy.org further explains …
A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the exchange, will be used to expand its operations across Africa. Financial Freedom According to a …
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Banking giant Morgan Stanley is significantly increasing its holdings of the digital currency investment product Grayscale Bitcoin Trust (GBTC). GBTC gives institutional investors exposure to Bitcoin (BTC), and to date Grayscale has $36.6 billion in assets under management. Citing information from Morgan Stanley’s filings with the U.S. Securities and Exchange Commission (SEC), market analyst MacroScope …
The altcoin powering a privacy-focused web browser is skyrocketing after the announcement of an extension-free crypto wallet. Anti-ad web browser Brave, powered by the Basic Attention Token (BAT), recently announced the release of Brave Wallet, sparking a 37% rally for the browser’s utility token, sending the crypto asset from a 24-hour low of $1.32 to …
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Former Secretary of State Hillary Clinton is urging the Biden administration to adopt a sensible regulatory framework for crypto. In a new interview with MSNBC’s Rachel Maddow, Clinton says that the information age requires new rules to meet the needs of the era. “Our current laws, our framework, is just not adequate for what we’re …
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Binance is announcing further support for gaming altcoins built on the Ethereum (ETH) and Polygon (MATIC) networks. In a Thanksgiving announcement, the crypto trading giant posted plans to open trading for Vulcan Forged PYR (PYR) today, November 26. Vulcan Forged is a non-fungible token (NFT) gaming studio built on the Polygon and Ethereum blockchains. PYR is the …
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Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs. It’s often difficult for new cryptocurrency enthusiasts to navigate the complex …
Crypto exchange Deribit is the absolute leader in the Bitcoin (BTC) options markets, and on Nov. 24, the 25% delta skew indicator signaled that sentiment among pro traders was becoming “more bearish overall.” We’ve seen 25-Delta put skew moved from around 0% to almost 10-15% pending time to expiry since beginning of Nov implying a …
Continue reading “Bitcoin drops below $54K, stocks sell-off after new COVID-19 variant emerges”
Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 Friday. In a Friday tweet, El Salvador’s president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in response to a new COVID-19 variant discovered in South Africa. According to data …
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Bitcoin (BTC) and most major altcoins sold off along with global equity markets and crude oil on Nov. 26. The markets were roiled on news of a new coronavirus variant detected in South Africa that is worrying scientists due to its large number of mutations in the spike protein. The sharp fall has resulted in …
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Bitcoin Price Prediction – November 26 The Bitcoin price path of least resistance remains below the 9-day and 21-day moving averages as the coin loses over $4500. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $63,000, $65,000, $67,000 Support Levels: $50,000, $48,000, $46,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD couldn’t maintain …
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