Crypto strategist and trader Scott Melker says Solana, FTX Token and two other crypto assets are breaking out of their downtrends. In a new video, Melker tells his 105,000 YouTube subscribers that smart contract platform Solana (SOL) is ready to revisit its all-time high after breaking out of its market slump. ADVERTISEMENT “Solana broke …
Category archives: Trending Crypto news
Federal High Court of Nigeria approves eNaira CBDC rollout
The Nigerian Federal High Court joins the growing list of regulators across the globe to approve the rollout of a central bank digital currency (CBDC) as a legal tender. Named eNaira, the digital currency will be issued by the central bank and supported by a homegrown eNaira wallet. Nigeria’s CBDC issuance approval was revealed in …
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Futures-based Bitcoin ETF has ‘75% chance of approval’ in October — analyst
A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form. In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light. Bitcoin futures ETFs “very much alive” October began with …
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DAOs can solve important dilemmas but more education is required
Decentralized autonomous organizations (DAO) have been a contentious issue in the blockchain and cryptocurrency world for a while now. From their early days as seen in the case of the Slock.it the German startup that brought about The DAO, to current iterations, DAOs have the potential to make or break the crypto and decentralized finance …
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Bitcoin Forming Pattern That Usually Leads to Very Powerful Upside Move, According to Real Vision’s Raoul Pal
Macro guru and former Goldman Sachs executive Raoul Pal says Bitcoin is forming a pattern that could foreshadow a massive rally. The Real Vision CEO tells his 652,000 followers that Bitcoin is forming a huge descending wedge reminiscent of a pattern that formed from 2017 to 2020. When BTC broke out of the technical formation, …
Want to improve blockchain infrastructure? Work under layer-two solutions
There has been a lot of talk about how blockchain unlocks endless enterprise opportunities. And although all this buzz has not entirely translated to tangible results, the explosion of the decentralized finance and nonfungible token (NFT) markets has laid down markers on what is achievable and how blockchain can truly impact even the most conservative …
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IMF recommends CBDC and global crypto standards for financial stability
The International Monetary Fund (IMF) released a set of actionable policies for the emerging markets and developing economies to ensure financial stability amid global crypto adoption. The IMF believes in the potential of crypto assets as a tool for faster and cheaper cross-border payments, citing the dramatic increase in the value of the crypto markets …
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SEC Extends Decision Timeline Of Four Bitcoin ETFs By 45 Days
Bitcoin EFT applications are piling up as the United States Securities and Exchange Commission (SEC) continues weighing its options. Wall street’s most powerful regulator has once again extended the timeline on making decisions as to whether or not it will approve Bitcoin Exchange-Traded Funds (ETF). The commission extended the deadlines on four applications by 45 …
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Huobi Global’s New Users Can Enjoy $170 Sign-up Bonus
The new users of Huobi Global will receive a bonus. Huobi announces “Welcome Bonus — a $170 Sign-up bonus” for its new users. According to a recent announcement from Huobi Global, the platform now offers a “$170 Sign-up bonus” for its new users. Users who are signing up on Huobi Global will be eligible to …
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Mimir Quiz – The World’s First Quiz Game Powered by Blockchain
Something exciting and innovative is coming out of Sweden, and it might just sweep across the world. No, this has nothing to do with IKEA or Abba’s reunion tour. This is a fun and addictive trivia game that rewards participants for playing and winning in cryptocurrency! Sons of Mim is a Swedish game studio created …
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Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours
The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. Great numbers all around that would satisfy and attract any …
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NonceVC announces $18 Million Strategic Fund to accelerate the Growth of Crypto Companies
The buzz around the blockchain industry isn’t going down anytime soon as more use cases keep popping up in various sectors. There is a myriad of factors contributing to the push we are currently observing. One of the most significant among them is the increase in industry readiness, both from a technical and ideological perspective. …
Institutional Shift? For the First Time Ever, Grayscale’s Top Crypto Investment Product Isn’t the Bitcoin Trust
A new study from a digital asset analytics firm is revealing that institutional investors are moving away from Grayscale’s Bitcoin Trust (GBTC) in favor of another crypto asset trading product. According to a CryptoCompare report, Grayscale’s Ethereum Trust (ETHE) witnessed more daily trading volumes in September than GBTC for the first time in history. ADVERTISEMENT …
Risk-averse Ethereum traders use this options strategy to increase exposure to ETH
On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the U.S. consumer price index, exchanges’ diminishing supply, and a “cup and handle” bullish continuation chart formation. Traders are …
Coinbase Says Malicious Actors Stole Crypto From at Least 6,000 Traders This Year
Crypto exchange Coinbase says that bad actors have stolen crypto assets from at least 6,000 traders this year. In a letter posted on the California Attorney General website, Coinbase says hackers took advantage of a flaw in the exchange’s SMS Account Recovery process to receive an SMS two-factor authentication token and gain access to the funds, …
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