BTC/USD Trades in a Tight Range as Bitcoin Retests $58.4K Resistance -November 25, 2021 In the last 48 hours, BTC’s price has been trading as Bitcoin retests $58.4K resistance . The price action is characterized by small body candlesticks. The current upward move is facing rejection at the recent high. BTC/USD is likely to fall …
Yearly archives: 2021
Piers Ridyard from Radix on how to scale blockchains and the future of DeFi
Layer-1 blockchains are having somewhat of their own internal war in crypto circles these days, with the likes (and communities) of Ethereum, Solana, Cardano, Elrond, NEAR, and several others going at it on Twitter and Discord daily. A bit away from the action—and with its own fan following—is Radix, another layer-1 blockchain in development since …
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Will Bitcoin’s Taproot upgrade cause a “DeFi rain”?
On Nov. 14, the highly anticipated Bitcoin upgrade Taproot was activated on block 709,632 with the aim of kindling a DeFi and dApp ecosystem around the decentralized currency, giving it a more Ethereum-like functionality. But while Taproot received almost universal support from the Bitcoin community—unlike the divisive 2017 SegWit upgrade—it has not resulted in any …
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India targets Bitcoin and crypto again in latest ban wave
As per the local news source, NDTV, India might ban all major crypto assets when it introduces the new “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021″ this winter. The government is also exploring the possibility of issuing a digital currency backed by the Reserve Bank of India. “The Bill also seeks to …
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eToro cites regulatory concerns as it plans to delist Cardano and Tron for U.S users
Social trading exchange eToro said it would delist Cardano (ADA) and Tron (TRX) for U.S users. Affected users will not be able to open new positions or receive staking rewards in respect of those tokens. The company said the move was due to “considerations” related to “the evolving regulatory environment.” It made no further comments …
Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform
Mercadolibre, one of the biggest online retailers in Latin America, has started rolling cryptocurrency trading services to a selection of their customers and plans to expand this test in the coming weeks. Mercadopago, the payments service native to the platform, will allow these customers to purchase, hold and sell cryptocurrencies directly from the platform. The …
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Ethereum Poised To Dramatically Outperform Bitcoin and Other Altcoins, Predicts Analyst Justin Bennett
A closely followed strategist thinks Ethereum (ETH) is gearing up for an impressive rally that will outshine the rest of the crypto markets. Justin Bennett tells his 90,400 Twitter followers that ETH’s setup on the Bitcoin (BTC) trading chart could see the number-two crypto jump toward the 0.105 and 0.160 BTC levels, equal to about …
‘Dark Horse’ Solana Backed To Outpace Ethereum – Finder’s Expert Panel Predicts SOL Closing 2021 at $235
HodlX Guest Post Submit Your Post ‘Dark horse’ Solana is backed to outpace Ethereum with Finder’s expert panel predicting SOL closing 2021 at $235. Solana (SOL), destined to end the year at $235 on average (1) before skyrocketing to $1,178 by the end of 2025. Finder’s panel of 50 fintech specialists predict SOL’s ‘technical architecture’ will …
Analytics Firm Glassnode Issues Warning to Bitcoin Traders, Says Underwater BTC Positions Could Ignite Sell-Offs
A significant portion of Bitcoin’s supply was sold at a higher price than BTC is currently trading, which could be a bearish indicator for the largest digital asset according to the crypto analytics firm Glassnode. Bitcoin is trading at $57,377.69 at time of writing and is down about 4.5% from where it was priced a …
Payments Giant Stripe Open to Launching Crypto Support, Highlights Potential of Solana and Lightning Network
The president of payments giant Stripe says the firm is open to the possibility of integrating crypto into its platform. Three years after abandoning support for Bitcoin (BTC) due to volatility concerns, Stripe co-founder and president John Collison tells CNBC in a new interview that the industry titan is reconsidering its stance on crypto. “One …
Floki Inu to sponsor top Italian football club SSC Napoli
As part of its marketing push, popular meme coin, the Floki Inu project has just added the Italian football giant S.S.C. Napoli to its list of partners through a sponsorship deal announced recently. Floki Inu’s logo to be on Napoli shirt Per the announcement, the sponsorship agreement would see the logo of the Floki Inu …
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CZ fires back at Musk over “shady” Dogecoin wallet issue
Tesla boss Elon Musk was at the receiving end of a witty comeback at the hands of Binance CEO Changpeng Zhao (CZ) on Tuesday. In a tweet, Musk saw fit to call out CZ over a glitch to do with Dogecoin wallets on the exchange, labeling the episode “shady.” He added that Binance Dogecoin users …
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Floki Inu to sponsor top Italian football club SSC Napoli
As part of its marketing push, popular meme coin, the Floki Inu project has just added the Italian football giant S.S.C. Napoli to its list of partners through a sponsorship deal announced recently. Floki Inu’s logo to be on Napoli shirt Per the announcement, the sponsorship agreement would see the logo of the Floki Inu …
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Crypto poses no big risk to economy so far, Bank of Canada official says
Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada’s Deputy Governor Paul Beaudry. Beaudry spoke about the risks to the stability of the Canadian financial system at the Ontario Securities Commission Dialogue 2021 on Nov. 23. When asked whether …
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#WeAcceptCrypto
How and Why Crypto Supports Small Business We have a huge admiration for small businesses because they play an essential role in both our economy and our culture. Infused with the unique personalities and perspectives of both owners and patrons alike, small businesses are integral to shaping the identity of communities far and wide. They’re also built from …