As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future. Automated market makers, in particular, changed the game by eliminating the need for order books entirely and replacing them with liquidity pools. This model was …
Continue reading “How cross-chain liquidity aggregation can shape the future of DeFi”
Bitcoin (BTC) dropped back below $39,000 on Aug. 2, suggesting that short-term traders were booking profits after the price failed to close above $42,451.67. However, lower levels could again attract buying as seen in late July. Data from Santiment showed that Bitcoin held on wallet addresses storing between 100 and 10,000 Bitcoin rose to a …
Continue reading “Price analysis 8/2: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK”
The lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, now involves major crypto exchange Binance after a recent filing on behalf of Ripple CEO Brad Garlinghouse. According to court documents filed in the Southern District of New York on Monday, Garlinghouse’s legal team has requested documents “relevant to the case …
Closely followed on-chain analyst Willy Woo is laying out a price path for Bitcoin (BTC) this cycle. In a new episode of What Bitcoin Did with Peter McCormack, Woo names a few key levels that can trigger a continuation of the Bitcoin bull market. ADVERTISEMENT According to the analyst, Bitcoin’s on-chain fundamentals currently give …
While Bitcoin’s (BTC) price has slipped by more than 8.2% after rising to $42,230, the 43.5% rally included 10 consecutive days of gains. But despite BTC currently trading at around $39,700 as of Aug. 2, some analysts anticipate that it can rise by another 100%. Nunya Bizniz, an independent market analyst, posted the bullish setup …
Continue reading “Bitcoin chart fractal suggests BTC price will rally to at least $80K by September”
Crypto-asset trading firm Voyager Digital has arranged to purchase payments company Coinify in a deal worth $85 million in cash and stock. In a Monday announcement, Voyager said it would issue 5.1 million shares of its stock — worth roughly $70 million at the time of publication — as well as provide $15 million in cash …
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Bitcoin (BTC) has seen an impressive rally of 44% with ten green days in a row. This rally and the substantial number of green days resulted in a sentiment shift. Practically two weeks ago, the market was comparable to a funeral, with many expecting more downside to $20,000. However, the sentiment completely shifted after the …
Continue reading “Bitcoin technicals: How low will BTC price go after failing at $42K resistance?”
Institutional outflows from cryptocurrency funds intensified last week, a sign that fund managers were still taking profits on their Bitcoin (BTC) holdings following a historic run-up through April. Digital asset investment products saw cumulative outflows totaling $19.5 million for the week ended Friday, marking the fourth consecutive weekly drawdown, according to CoinShares data. The bulk …
A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes says he might rethink a bearish call on BTC if it convincingly breaks a certain price level. The pseudonymous analyst, known as Dave the Wave, tells his 70,100 followers that no significant rallies will happen for Bitcoin until it crosses a …
Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge in terms of active addresses in the past week of July, with …
Continue reading “Active Bitcoin addresses surged 30% in late July, data shows”
Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain. According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of $120.7 million. The news marks a continued increase of Marathon’s Bitcoin mining inventory, …
Continue reading “Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power”
Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin needs to hold mid-$30,000 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday. After a successful weekend …
Continue reading “BTC price sees 6% correction in contrast to booming Bitcoin on-chain data”
Nonfungible tokens, or NFTs, are known by the mainstream as digital assets that represent real-world objects such as art, music and fashion, among others. Yet, while most of the world may be enamored by the high selling prices of NFTs launched by celebrities, athletes and other famous individuals, nonfungible tokens are starting to pique the …
Continue reading “NFTs are next for enterprise Ethereum, says ConsenSys founder Joe Lubin”
Digital asset exchange and payment platform Crypto.com says that the number of global crypto users has massively surged in the first half of 2021. In a new study, Crypto.com claims that the growth of the global crypto market has rapidly accelerated from 106 million users in January to 221 million users in June. Source: Crypto.com …
Crypto as a payment option for real estate continues to gain traction as the adoption of digital currencies for commercial transactions continues to take shape. Scott Paul, founder of Utah-based marketing agency Wooly, put up his Saratoga Springs home for sale, with Dogecoin (DOGE) as an acceptable payment method, according to a report by Fox …
Continue reading “Brand executive posts discounted Utah home listing for Dogecoin”
