Bitcoin (BTC) ranged around $48,000 on Friday as hopes of a bull run endured thanks to low supply and upcoming corporate disclosures. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Anticipation builds for cross-crypto breakout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to consolidate into Friday, with the latest options expiry now due. The …
Continue reading “Bitcoin sees ‘quite healthy’ consolidation on $200M BTC options expiry day”
Cryptocurrency strategist Michaël van de Poppe is analyzing Cardano (ADA), which has fallen by about 10% from the 7-day high recorded around the time its smart contracts functionality was added. Van de Poppe says that ahead of the September 12th “Alonzo” upgrade which ushered in Cardano’s smart contract era, ADA had recorded impressive price gains …
More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on September 13 — but there’s a catch. As of now, the 200 smart contracts listed are in timelock and cannot be used by developers until they’re released. The Vercel App currently puts the number of smart contracts …
Continue reading “200 smart contracts on Cardano … but there’s a catch”
HodlX Guest Post Submit Your Post When Reddit users coordinated themselves to use their Robinhood accounts to buy GameStop shares en masse, the short squeeze they created sent shockwaves through Wall Street. The 1,600% rally that was created turned retail investors and individuals who were new to trading wealthy overnight. ADVERTISEMENT The squeeze also …
Some U.S. Senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets. Democrat Senator Maggie Hassan is the latest to raise concerns about the use of cryptocurrency as a means of payment for ransomware attacks. The Senate Homeland Security and Governmental Affairs Committee member …
Continue reading “Democrat Senator lobbies agencies over the use of crypto in ransomware”
More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark …
Continue reading “$1.2B in Ether withdrawn from centralized exchanges in record daily outflow”
Credit rating agency Standard and Poor (S&P) Global believes the country of El Salvador has severely harmed its credit rating after enacting its Bitcoin Law recognizing BTC as legal tender nationwide on Sept. 7. According to a Sept. 16 report from Reuters, El Salvador’s Bitcoin embrace exposes its economy to significant financial risks and could …
Continue reading “El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global”
Decentralized finance protocol Minterest has just secured $6.5 million in funding for a long-term yield optimization platform. The private fundraising round was contributed to by a number of venture capital companies including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital and others. The Estonian-based team intends to use the funding to develop the lending and …
Continue reading “Estonian ‘auto liquidation’ DeFi platform Minterest raises $6.5m”
The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market. According to a Sept.16 report from Bloomberg citing anonymous sources, Treasury officials are readying policy recommendations designed to ensure stablecoin holders can freely convert between their tokens and …
Continue reading “Treasury plots stablecoin crackdown even as Tether’s dominance wanes”
On Sept.16 Avalanche (AVAX) price hit a new all-time high at $68.89 and over the last few months the project has risen to challenge the Ethereum (ETH) network’s dominance among smart contract platforms. According to the project’s website, the layer-one protocol capable of surpassing 4,500 transactions per second (TPS) with a time to finality of …
Continue reading “Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?”
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Regulatory noise In this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so …
Starting today, Horizen (ZEN) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store ZEN in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Horizen (ZEN) is a blockchain ecosystem that …
Continue reading “Horizen (ZEN) is now available on Coinbase”
Starting today, Shiba Inu (SHIB) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store SHIB in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro . Shiba Inu (SHIB) is a …
Continue reading “Shiba Inu (SHIB) is now available on Coinbase”
Smart contracts have become a reality on the Cardano network after September 12th. After the Alonzo Hard Fork Combinator launch, developers could now go ahead and start creating smart contracts on the ecosystem. This would aid in developers creating decentralized applications (DApps) to provide decentralized finance (DeFi) services to the users of the blockchain. With …
In a recent development, Coinbase issued a junk bond, and the market seemed to be hungry for the instrument. Currently, the US crypto exchange is recording more demands for these bonds every day. With these demands, the crypto exchange’s sales have grown from $1.5B to $2B. Bonds are fixed investments that yield interest monthly. But …
Continue reading “Coinbase Is Set To Increase Corporate Bonds Amid Rising Demand”
