A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a …
Continue reading “Pro traders know it’s time to range trade when this classic pattern shows up”
A team from the biggest soccer league in the world has put the Dogecoin (DOGE) logo on their jerseys for the 2021/2022 season. Watford Football Club (FC) of the English Premier League will feature DOGE on their sleeves as part of a sponsorship deal with gambling website Stake.com, according to a report from The Athletic. …
Continue reading “Dogecoin Rising: Premier League Gives World’s Favorite Memecoin Big Promo Push”
Credit rating agency Fitch Ratings thinks that El Salvador’s insurance firms will be on thin ice when the country adopts Bitcoin. Fitch, one of the “Big 3” credit rating agencies, argues that exposure to the crypto asset’s volatile price action and operating risks could be a credit negative for El Salvador’s insurance companies. ADVERTISEMENT …
The daily supply of Ethereum is under heavy pressure as the leading smart contract platform now burns thousands of ETH per day. Etherchain, an Ethereum on-chain monitoring tool, shows that the second-largest crypto asset is now torching 4.23 ETH per minute, which equates to 6,091.2 ETH burned per day, worth over $19 million at time …
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Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the prospect of another prolon bear market. Currently, the BTC rally has stalled out near …
Continue reading “Analysts say this key metric suggests an altcoin season is at hand”
After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency. In a Tuesday announcement, the Dogecoin Foundation said it would be re-establishing itself in an effort to support the Dogecoin (DOGE) community as well as promote the future of the blockchain. …
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Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets. In a recent interview with the Boston Globe, Chrstine Sandler, the head of sales and marketing for Fidelity Digital Assets, said institutional interest in crypto is growing. …
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The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations. Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining. The limiter works on both the BIOS and driver level detecting mining algorithms …
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With Bitcoin investing now available on the eToro platform for clients in the Netherlands, we would like to take this opportunity to cover some of the basics of buying Bitcoin for beginners. So, if you don’t know your Bitcoin from your blockchain, this article is here to help. Is there a Bitcoin barrier to entry? …
Two members of the United States House of Representatives have petitioned the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission to work with participants in the crypto space for transparency and regulatory clarity. In a Monday tweet, Representative Glenn Thompson said he had submitted a letter with Representative Patrick McHenry to …
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Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisory position and $500,000 — whether they like it or not. In a Tuesday update, the Poly Network team said in a seeming attempt to gain access to hacker’s expertise, it would be inviting them to the position of chief …
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The cryptocurrency market has successfully rebounded from the two-month slump it had gone into from late May to the end of July. Bitcoin (BTC) and Ethereum (ETH) have been leading the charge, posting impressive gains over the last two weeks. The market is seeing price levels that it had reached back in May of this …
Continue reading “Cryptocurrency derivatives market shows growth despite regulatory FUD”
Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays. Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction speed.” While deposits utilizing the OE network are set …
Continue reading “1inch announces deployment to Optimism’s layer-2 solution”
North American retail giant Walmart is on the hunt for a cryptocurrency product lead to take charge of the company’s digital currency strategy. The retailer’s job listing seeks a leader with at least a robust 10-year background in product or program management as well as technology commercialization. The chosen individual also needs to have previous …
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A prominent crypto strategist and trader says he’s expecting Dogecoin, Solana and one more altcoin to ignite huge rallies while Bitcoin and Ethereum take a breather. The pseudonymous trader, known in the industry as Pentoshi, tells his 291,000 Twitter followers that Dogecoin (DOGE) is poised to rally to $0.42 after taking out resistance at $0.23 …
