Ethereum (ETH) continues to absorb Bitcoin (BTC) selling pressure in November, looking at price action when writing on November 24. In the daily chart, ETH bulls have the upper hand, adding roughly 9% versus BTC from October lows. Ethereum Outperforms Bitcoin In November ETH buyers are firm, with price action still confined inside the conspicuous …
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Ethereum has cleared the $2,100 level during the past day, and if on-chain data is anything to go by, a rally to new yearly highs should be “easy.” Ethereum Has No Major On-Chain Resistance At Higher Levels An analyst in a post on X explained that Ethereum has overcome a major on-chain resistance zone with …
Continue reading “Ethereum Conquers $2,100: On-Chain Data Paints Path To $2,400”
The United Kingdom’s financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms. News Join us on social networks Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems. In a recent report …
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A non-fungible token (NFT) marketplace is surging after being listed by the largest crypto exchange platform by volume in the world. In a new announcement, crypto exchange Binance says it is listing BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that offers real-time price streams and comparisons. According to Binance, BLUR will …
The US government’s balance sheet is ballooning, with more than a hundred billion dollars in debt added in just 15 days. The latest numbers from the government’s FiscalData system show the national debt grew from $33.637 trillion at the start of November to $33.740 trillion on November 16th – an increase of more than $102.17 …
Coinbase’s COIN stock has rallied to its highest point since late April 2022 at $115, representing a 216% growth on the year-to-date metric, according to Tradingview data. Observers have linked COIN’s price performance to the generally positive trend observed in the crypto space, where flagship digital assets like Bitcoin, Ethereum, and Solana have recorded more than 100% gains …
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The U.K. has officially greenlit a project that will allow authorized funds to develop tokenization in the investment sector in an effort to boost efficiency, transparency, and competitiveness, according to a Nov. 24 press release issued by The Investment Association, which represents the sector. The initiative is part of a concerted effort by the Technology …
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The Bitcoin ETF Token is the ideal investment vehicle for playing the exchange-traded fund (ETF) theme that is gripping the crypto market. Investors have poured […] Go to Source
The Grayscale Bitcoin Trust (GBTC) may see outflows of $2.7 billion if it is converted into a spot Bitcoin ETF (exchange-traded fund), potentially putting ”severe […] Go to Source
The approval of spot Bitcoin ETFs (exchange-traded funds) will unlock about $70.5 billion in new demand for Bitcoin and may boost its price, says blockchain […] Go to Source
FTX founder Sam Bankman-Fried has adapted to the economic realities of life in prison fairly quickly and is now trading fish instead of crypto. That’s […] Go to Source
Top crypto analyst Bluntz says that the recent correction in Solana (SOL) is over and that rallies are set to continue for the leading Ethereum (ETH) rival. In a new strategy session, the pseudonymous analyst tells his YouTube subscribers that SOL has completed an ABC correction, priming itself for another impulse to the upside. Bluntz …
A widely followed crypto analyst is diving into the altcoin markets and interoperability blockchain Polkadot (DOT) in particular. Pseudonymous crypto trader Rekt Capital tells their 371,000 followers on the social media platform X that the overall market for altcoins is approaching a market cap last touched around August of 2022. “Historic retest for the Altcoin Market …
Beleaguered crypto lender Genesis is suing cryptocurrency exchange Gemini to recover over half a billion dollars in preferential transfers. A preferential transfer is paid off by an insolvent firm to a creditor typically within 90 days before filing for bankruptcy. If certain conditions are met, the recipient may have to return the funds so that …
New on-chain data reveals that top US-based crypto exchange Coinbase is seeing its Bitcoin (BTC) reserves skyrocket as Binance’s BTC holdings plummet. According to data from blockchain tracker CryptoQuant, Coinbase’s BTC reserves have increased by 12,000 BTC, worth about $450 million, while Binance’s Bitcoin holdings have decreased by about 5,000 BTC, or $187 million. The …
