Decentralized oracle network Chainlink (LINK) is surging after the release of a new roadmap for its future. According to a new blog post, the project’s long-term goals revolve around the introduction of staking to the protocol, which aims to increase the blockchain’s security, increase participation in the community, create sustainable rewards, and empower node operators. …
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A closely followed veteran crypto trader thinks Ethereum (ETH) could drop lower to $1,268 before rebounding back up. Peter Brand tells his 647,800 Twitter followers ETH may be in a descending triangle, a pattern indicative of further downside risk for the second-largest cryptocurrency by market capitalization. Brandt first mentioned the possible descending triangle last week, …
A consortium of financial giants are working to build a new crypto trading platform that could be available by the end of this year or early 2023. According to a report from Bloomberg, multinational financial services titans Charles Schwab, Fidelity and Virtu Financial, along with hedge fund giant Citadel Securities are working on a new …
The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According to a DFS statement, it is the first regulator in the United States to impose such expectations on a stablecoin issuer. The requirements in the guidance concern redeemability, reserves and attestation. They …
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Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions. BTC-USD 12-hour price at Coinbase. Source: TradingView The choppy trading partially reflects the uncertainty of the stock market as the S&P 500 Index ranged from 3,900 to …
Continue reading “Bitcoin bears have plenty of reasons to hold BTC price below $32,000”
Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO). The Series A was led by crypto-focused venture firm Multicoin Capital, with additional participation from Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ …
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Bitcoin (BTC) continues to trade in a range with the local tops and bottoms coinciding with increased whale activity in the region, according to on-chain analytics resource Whalemap. The range-bound action in Bitcoin has kept the analysts guessing and a few expect the consolidation to continue for some more time, while others anticipate another leg …
Continue reading “Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB”
Key takeaways: Binance has stopped deposits and withdrawals of EGLD to investigate what it calls a potential security issue on the Elrond Network. Yesterday, a hack was reported on the Elrond Network resulting in the loss of $1.65 million worth of EGLD that was later sold on the Maiar Decentralized exchange, causing a 92% price …
Key takeaways: Terra’s Do Kwon allegedly rejected an initial 3.6% interest rate on the Anchor protocol. Anchor’s interest rate was reportedly increased to 20% one week before the protocol went live. According to the designers of LUNA, the collapse of Terra was visible from the beginning. The founder of Terra (LUNA), Do Kwon, allegedly rejected …
On the 6th of June of this year, Binance Labs, the homegrown investment and venture capital unit of Binance, placed their trust in $CAKE- the native governance and utility crypto asset of PancakeSwap, by making a sizeable investment, the details of which are not yet fully revealed. Buy Cryptocurrencies on Binance Exchange Your capital is …
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Cryptocurrency staking remains one of the most popular activities in the market. Many investors are attracted to the prospect of earning passive, low-risk incomes on their digital asset holdings, and the abundance of staking methods and mechanisms also makes this a very easy activity to perform. With the market still looking to get over its …
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Analytics firm Glassnode is revealing short-term Bitcoin (BTC) holders are sitting on losses as the flagship crypto asset trades below a key psychological level. Glassnode says nearly all the short-term holders (STH), or those who have held Bitcoin for a period of fewer than 155 days, are counting losses. “At the moment, almost 58% of …
Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited as the market continues to mature, according to new research from PricewaterhouseCoopers, or PwC. In its 4th Annual Global Crypto Hedge Fund Report 2022, PwC said roughly one-third of traditional hedge funds surveyed are already investing in digital assets such as …
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A metaverse project that would provide a digital hub for creators gave the community an opportunity to travel within its metaverse city and explore an early version of the vision that it aims to achieve. Last week, Web3 creator economy protocol DEIP launched an event within its metaverse. With DEIP CEO and co-founder Alex Shkor …
Key takeaways: Ethereum developers have successfully merged the Ropsten Testnet to the proof-of-stake beacon chain. The Merge of the Ropsten Testnet is meant to be a test run for the final Merge on the Ethereum mainnet. Transactions have successfully been included in the post-merge Ropsten blocks. The value of Ethereum in the crypto-markets is yet …
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