Institutional investors can get USD on credit without liquidating their ETH. Crypto custody bank Anchorage Digital is expanding its services into crypto-backed loans for institutional investors. Clients at Anchorage can now access a line of USD credit backed by Ethereum through its partnership with U.S. commercial bank BankProv. Anchorage Financing will introduce a simple way …
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DeFi protocol Impossible Finance is building a multi-chain incubator to expand out from BSC. Impossible Finance, a Defi protocol built on Binance Smart Chain, has completed a $7 million seed funding round backed by over 125 institutional and angel investors — with the funds going towards the development of a multi chain DeFi incubator. The …
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CZ claims Binance didn’t really make Binance Smart Chain, Beijing to distribute $6.2 million in free digital yuan, and miners speak out about clean energy mining 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 …
Another price dip is required before continuation, one trader says, giving a short-term target of $36,000 for BTC/USD. Bitcoin (BTC) edged closer to $40,000 on Thursday as bulls gathered increasing signals that the bottom is in. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD to $36,000 next? Data from Cointelegraph Markets Pro and TradingView showed …
Continue reading “Bitcoin nears $40K amid warning BTC price will correct before bull market resumes”
Falling Ethereum gas fees, the launch of Convex Finance and the DeFi sector reaching a potential bottom back CRV’s impressive 150% rally since May 23. DeFi tokens and protocols took a heavy hit on May 19 as Bitcoin price dropped to $30,000 and while BTC has entered what some analysts describe as a ‘compression’ phase, …
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It could soon be a sea of green for Bitcoin and altcoins, sources argue, thanks to a convergence of data and the sheer power of memes. Bitcoin (BTC) is slowly but surely preparing to flash the “buy” signal, a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle. In its latest …
Continue reading “AMC ‘meme stock’ frenzy may spill over to crypto as Bitcoin metric nears buy zone”
Miami Mayor Francis Suarez says he owns both Bitcoin and Ether but has been too busy to buy the recent dip. Francis Suarez, the crypto-friendly mayor of the city of Miami, may have further cemented his status as a cryptocurrency proponent. Appearing on the CNBC Squawk Box program, Suarez revealed that he owns both Bitcoin …
Continue reading “Miami mayor bought Bitcoin after Congress passed $1.9T stimulus bill”
Cryptology Asset Group wants to invest $100 million into new crypto and blockchain-focused venture funds. Cryptology Asset Group, a Malta-based investment outfit co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is set to offer support for crypto VC firms. In a release issued on Thursday, the European holding company announced plans to float a …
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Ethereum price has outperformed Bitcoin by 32% since May but derivatives data shows pro traders are feeling less bullish about the top altcoin. Ether (ETH) has outperformed Bitcoin (BTC) by 32% since May and even though there has been a steady flow of bullish reports from JPMorgan and Goldman Sachs, derivatives metrics show elements of …
Continue reading “Ethereum has strong fundamentals, so why are pro traders bearish on ETH?”
China’s southern Hainan province is the latest to warn investors against crypto-based fundraising schemes. Following China’s major regulatory crackdown on cryptocurrencies, financial regulators in Hainan, the smallest province in the country, reportedly issued a warning against crypto- and blockchain-focused illegal fundraising schemes. According to local reports, the Hainan branch of the People’s Bank of China …
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Bearish divergences and overbought conditions on the RSI are signals traders can look for when considering whether to close a position. A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they …
Continue reading “Here’s 3 ways the relative strength index (RSI) can be used as a sell signal”
Tokenized Apple, Tesla and GameStop stocks have surpassed $1 million per day in trading on cryptocurrency exchanges Binance and FTX. Is tokenization of securities the way of the future? In an interview with Raiffeisen Bank International, the bankers leading its blockchain research hub stated that indeed, by 2030, most securities will have been tokenized. To …
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“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone. Despite a massive drawdown in May, the Bitcoin (BTC) bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000, according to Mike McGlone, Bloomberg’s senior commodity strategist. $20K or $100K …
Regulatory hurdles and the economic impact of the pandemic have derailed some CBDC projects, but not all hope is lost. With the crypto market turning up its pace of growth over the last year and a half, the idea behind central bank digital currencies (CBDCs) seems to have gained an increasing amount of traction among …
Continue reading “The CBDC promised land: As some governments falter, others press on”
ROK Capital and the Solana Foundation have formed the Solana Eco Fund, aiming to spark a fire of Solana blockchain-based growth in Korea. Solana-related news has surfed a number of headlines in recent months. The blockchain now appears headed for major strides in Korea, with significant funding for its surrounding ecosystem. “As one of the …
Continue reading “Korean Solana expansion gets $20 million boost”
