The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts Argentina on the trail of countries like Brazil and …
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sponsored On April 29, photography-focused tech start-up Picture This is finally launching the ‘Polar Bear’ NFT, which raises awareness and money towards climate change and the impact humans have on our planet. Digital artworks have seen a booming rise in sales and popularity since the start of the decade. Minting art as an NFT has …
When times are tough — as in the pandemic — enterprising human nature goes into overdrive. People seek out alternative ways to make money. That could be one of the reasons why cryptocurrencies skyrocketed in popularity in the last few years, driven in part by large numbers of people sitting at home wondering how to …
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XRP has been on a downtrend owing to a lack of demand for over a week now. The coin has retouched a multi-month low at the time of writing. Broader market weakness also remains to be blamed along with a whirlwind of regulatory roadblocks owing to SEC vs Ripple’s lawsuit. Overall it hasn’t been a …
Continue reading “XRP Faces Rejection At Key Resistance; Here’s What On-Chain Metrics Suggest”
Bitcoin price continues to stagnate and move sideways, but according to the cryptocurrency following an Elliott Wave market cycle, a break in the boredom is due soon. Price action follows the predicted path so perfectly, that when layering Bitcoin directly over the comparison, there is little room for doubt about what comes next for crypto. …
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Bitcoin has seen some better days but that does not mean that the cryptocurrency is no longer a viable choice. The thing is that the recent downtrend has set it on a bearish path and with the market halfway to the next halving, it could very well be that the market is headed into another …
Continue reading “Bitcoin Turns Bearish In The Short TermsAs Market Dives Into Extreme Fear”
Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token’s 40-day correlation coefficient with the S&P 500 reached 0.65. Despite the brake anxious investors have put on price activity in …
Continue reading “Ethereum Whale Transactions Climb As Correlation With S&P 500 Continues”
Despite its recent price stagnancy, Ethereum (ETH) is flashing a potentially bullish signal, according to the crypto analytics firm Santiment. Santiment notes that the amount of unique addresses interacting on the Ethereum network this week has improved as ETH’s price has moved downwards. The firm says the increase in daily active addresses has created an …
Solana (SOL) co-founder Anatoly Yakovenko says that leading digital asset Bitcoin (BTC) will eventually see all of its users migrate to other platforms unless it switches to a proof-of-stake mechanism. In a new interview with CNBC host Kate Rooney, the founder of the smart contract platform says that proof-of-work mining systems will be barren in …
Coinbase continues to expand its crypto footprint by extending custodial services support to half a dozen altcoins, including four decentralized finance (DeFi) tokens. In a new announcement, the US-based cryptocurrency exchange says it’s adding six new cryptocurrencies to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody …
Singapore-based exchange giant Crypto.com is adding two small-cap altcoins to its roster which both offer users the ability to earn through active participation. First up is the move-to-earn Step App (FITFI), a Web 3.0 digital fitness protocol that merges exercise, socializing, playing and earning crypto into one. Crypto.com says that FITFI, which stands for Fit …
Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors, speculators and enthusiasts alike. After all 10,000 ENS names sold out in one day, the number of people registering for ENS names and purchasing these digit number names …
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The total crypto market capitalization has been holding a slightly ascending trend for the past 3 months and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and Ether (ETH) at $2,800 on April 27. Total crypto market cap, USD billion. Source: TradingView The crypto market’s aggregate …
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For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come and go, and the promised utility of these “real-world use case” projects fails to satisfy. While a majority of tokens promise to solve real-world problems, only a few achieve …
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In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for …
