Ethereum’s native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone. In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest cryptocurrency by market capitalization …
Continue reading “Ethereum risks drop below $3.2K as ETH price faces heavy resistance”
The Bank of Israel announced a new and important technology venture with the launch of its digital shekel currency in July 2021. Following the example of Dubai’s first crypto listing on the Nasdaq Dubai, the Bank of Israel engaged in a new technology venture by launching a digital shekel currency in July 2021. The financial …
Continue reading “Benefits Of Cryptocurrency On Online Sports In The Middle East”
Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Blogging platform Mirror expanded to the public market this week. Read on to discover the impact of this move for Ethereum wallet holders. What you’re about to read is a more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments …
Continue reading “Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8”
With cryptocurrencies, every time a transaction takes place, it is broadcast to every computer on the network, and this interconnected system verifies the transactions. Mining inefficiency, causing the environmental costs, threatens the notion of blockchain as a long-term enterprise solution. Thankfully, efforts are well underway towards environmentally friendly digital assets, and we are seeing rapid …
Continue reading “How to create an environmentally-friendly coin, explained”
The pseudonymous host of crypto outlet Coin Bureau is sharing price analysis on altcoins Solana (SOL) and Algorand (ALGO). In a new video, the analyst known as Guy tells his 1.41 million subscribers that the price of Algorand could hit new highs in the coming weeks. ADVERTISEMENT “ALGO’s historical price isn’t pretty. This is …
Shiba Inu (SHIB) has emerged as one of the best investments heading into the fourth and final quarter of 2021, with its price rising by over 390% in the first week of October. Nonetheless, the spin-off meme cryptocurrency now risks wiping most of those gains in the coming sessions. Yuriy Bishko, a Ukraine-based market analyst, …
Continue reading “‘Much ow’ ahead? Dogecoin chart fractal puts Shiba Inu’s 390% QTD rally in danger”
Bitcoin (BTC) faced stiff resistance near previous highs on Oct. 8 as a fresh push over $56,000 quickly ended. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buying the dip? $53,000 is “logical” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it came off four-month highs of $56,150. The area near $58,000, which had …
As the decentralized finance (DeFi) market continues to pique the interest of investors across the globe, a few incidents have shone a major spotlight on the vulnerabilities various platforms operating within this space are continually exposed to. For example, it has recently been unveiled that due to a buggy system upgrade, prominent DeFi money market …
Continue reading “Compound crisis averted? Securing exposed COMP could be just the start”
Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token. Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced on Friday. Chingari co-founder and CEO Sumit Ghosh said that the token sale …
Continue reading “Indian TikTok challenger raises $19M to launch social token on Solana”
Blockchain analytics platform Santiment says that a memecoin which has soared by nearly 400% over the past seven days could be due for a correction. Santiment points out that the number of Shiba Inu’s (SHIB) active deposits is “extremely high,” which suggests a possible reversal in the future. ADVERTISEMENT “Yellow flags starting here. Extremely …
E-sports, gaming and interactive media investment platform Bitkraft VC has established a $75 million token fund for investing in blockchain gaming and digital entertainment. The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at any business development stage. Apart from equity investment, the token fund will also invest …
Continue reading “Bitkraft VC launches $75M investment fund for blockchain gaming”
Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price beats Wednesday’s high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum. Wednesday’s dramatic uptick had topped …
Continue reading “BTC price hits $56K as bulls return and talk focuses on Bitcoin ETF approval”
Widely followed crypto market analyst Benjamin Cowen is plotting a potential path for Cardano (ADA) to break out towards new highs. In a new video, Cowen tells his 561,000 YouTube subscribers that he anticipated a sideways lull in the market after ADA made a run to $2.50 from its 2020 low of just $0.02. ADVERTISEMENT …
Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is a cross-chain stablecoin lending protocol that operates on Ethereum, Binance Smart Chain (BSC), Fantom, Avalanche, and Arbitrum. Along with MIM, the project also has a SPELL governance …
Continue reading “Magic Internet Money races past $1B, sets sights on MakerDao”
Yat Siu, the co-founder and chairman of NFT game developer Animoca Brands, believes nonfungible tokens offer a new way for culture to be stored in the virtual sphere. In an interview with Cointelegraph, Siu argued that while the technology underpinning NFTs may be new, the desire to “store culture” has long been with us throughout …
Continue reading “NFTs offer a new way for society to ‘store culture’ says Animoca Brands CEO”
