One little-known crypto asset is on a parabolic rally, recording new all-time highs despite the prolonged market-wide correction. The altcoin in question, Quant (QNT), rallied to a new all-time high of $104.41 from a seven-day low of $45.23, according to CoinMarketCap. The meteoric ascent represents a surge of 130.84% in just one week. ADVERTISEMENT …
Category archives: Trending Crypto news
Is Cardano the Strongest Altcoin on the Market? Analyst Michaël van de Poppe Updates Bitcoin and Crypto Outlook
Closely-followed crypto analyst Michaël van de Poppe is updating his outlook on Cardano (ADA) and the rest of the markets at large. In a new strategy session, Van de Poppe says that should Bitcoin start showing new signs of strength, Cardano could be one of the first altcoins to respond to the action. ADVERTISEMENT …
The future of finance is DeFi intelligence
Decentralized finance has become one of the fastest-growing sectors within the cryptocurrency ecosystem over the past year. At the time of writing, the total value locked in DeFi has exploded to over $100 billion. Despite impressive figures, decentralized finance is still in the beginning stages of development, which begs the question: What’s next for this …
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Here Are the Top 9 Crypto Assets To Own for the Next Five Years, According to Altcoin Daily
Crypto trader and the host of Altcoin Daily, Aaron Arnold, is listing nine crypto assets that he would invest in and hold over the next half a decade. Aaron says that he would allocate half of his portfolio to Bitcoin (BTC) as it is the gold standard for permissionless blockchains. ADVERTISEMENT “My first $500 …
Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi
In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena …
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Crypto traders say negative funding rates are buy signals, but are they?
Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures there are no exchange risk imbalances. Even though buyers’ and sellers’ open interest is matched at all times, leverage can vary, and when buyers (longs) are demanding more leverage, the funding rate turns positive. Thus, they …
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SEC accuses XRP Army of issuing ‘false statements’ against its leadership on social media
The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders are targeting its members on social media platforms with allegedly false statements. In a Thursday motion addressed to Judge Sarah Netburn in the Southern District of New York, the SEC …
Bitcoin Whales Accumulating, Ethereum Whales Now Holding Record Levels of ETH: Santiment
Crypto intelligence platform Santiment reports that large Bitcoin holders are continuing to add to their positions despite the drastic fall in prices. Santiment says that Bitcoin whales who hold “between 100 and 10,000 BTC” started accumulating amid the price crash. ADVERTISEMENT “… the whale trend is continuing to be accumulating. Over the past couple …
NYC Mayoral Frontrunner Plans To Make Big Apple Center for Bitcoin and Crypto Adoption
The frontrunner in the New York City mayoral race seems to be a fan of Bitcoin. While giving a speech on the night of the Democratic primary election on June 22, mayoral candidate Eric Adams said he is going to make New York City “the center of Bitcoins.” ADVERTISEMENT “We’re going to be the …
Beeple Co-Founded WENEW To Build Its Carbon Negative NFT Platform for Iconic Moments on Polygon
June 25, 2021 – Singapore, Singapore Mike Winkelmann aka Beeple is an extremely talented digital artist, animator and art world disruptor, most famously known for being the first artist to have a digital piece sold via Christie’s famous auction house. Beeple has been a strong evangelist and supporter of NFTs, grassroots creators and collectors, helping …
Glassnode Spotlights 7 Crypto Projects, Says Wave of Innovation Underway Despite Market Downturn
Even as the crypto markets experience prolonged turbulence, the decentralized finance (DeFi) space appears to be alive and growing. In a new Glassnode insights report, the on-chain market intelligence firm says that despite an emerging trend in the sector, DeFi developers are still building and they’re building quickly. ADVERTISEMENT “Despite bearish on-chain activity, more …
Nigerian secondary school will accept crypto payments despite regulatory uncertainty
A private secondary school based near the Nigerian city of Kano has announced it will be accepting payments for school fees in cryptocurrency amid the country’s central bank banning financial institutions providing services to crypto exchanges. According to a Thursday report from local news outlet Kano Focus, the director of the New Oxford Science Academy …
Marvel reveals official NFTs will be available on VeVe marketplace by 2022
The VeVe virtual marketplace will soon have official nonfungible tokens and digital comic books from Marvel. In a Thursday announcement, Marvel Entertainment said it had partnered with Orbis Blockchain Technologies to release nonfungible tokens, or NFTs, and digital collectibles on the VeVe marketplace app starting later this year. According to the entertainment company, the NFTs will …
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Price analysis 6/25: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC
Bitcoin (BTC) price remains jittery and throughout this week, every relief rally is being sold into. This is a classic bear market reaction and may not end in a hurry. However, the current price action should not worry investors because the longer the time spent in a bottoming formation, the stronger the base for the …
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Blockchain not suitable for CBDC, says Swiss national bank economist
Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank. Carlos Lenz, chief economist at the Swiss National Bank, argued that blockchain-based decentralization features are not efficient for a state-controlled digital currencies like a digital franc, German-language …
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