Bitcoin bulls may get some respite from a derivatives market indicator that hints at a price bottom. As the price of Bitcoin (BTC) is attempting to establish support at $37,000 on Tuesday, the recent $30,000 lows may have been the bottom, suggests one derivatives market indicator that has a history of accurately predicting BTC/USD cyclical …
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A number of blockchain projects have exploded in popularity in recent months, but their block sizes have stayed the same. What’s the answer to this looming scalability crisis? The cryptocurrency sector has undergone a seismic shift in recent years as retail investors and publicly listed companies make their way into the space. Globally, estimates suggest …
Continue reading “The importance of block sizes, and the rise of off-chain solutions”
Will $37,000 hold for more upside in the near term for Bitcoin? Bitcoin (BTC) prices pulled back on May 25, wiping a small portion of the gains it had made during the previous session amid another day of volatile trading. The BTC/USD exchange rate fell up to 6.11% after opening the Asia-Pacific session at $38,856. …
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The crypto custody business blossomed in 2019, spearheaded by fintech firms, but now its center of gravity might be shifting. Custody services aren’t the most compelling corner of the crypto ecosystem, but 21st-century solutions for storing and safekeeping digital assets are critical if cryptocurrencies are to achieve widespread adoption. For that reason, Cowen Inc.’s recent …
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The South African Reserve Bank has begun exploratory studies on central bank digital currencies. South Africa is the latest country to begin exploring the possibility of creating its own sovereign digital currency. According to a release issued on Tuesday, the South African Reserve Bank has begun preliminary feasibility studies about the “desirability and appropriateness” of …
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“Bison Trails is committed to the growth of the crypto ecosystem and innovative networks like Celo,” said Joe Lallouz, CEO of Bison Trails. Blockchain infrastructure company Bison Trails has partnered with Volt Capital to allow users of the Celo Network to stake their tokens securely through their mobile devices. The collaboration sees Bison Trails running …
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Strong hands accumulated Bitcoin throughout last week’s historic correction but BTC’s inability to reclaim the $40,000 level has some traders afraid of a dead cat bounce. The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is …
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The soon-to-be-launched platform will feature NFTs from artists like Whitney Houston, Doja Cat, John Legend, TLC, H.E.R, Quincy Jones, Charlie Puth, Jacob Collier, G-Easy, AURORA, The Kid LAROI, Alesso and more. Sustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that …
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The funding rate for MATIC and AAVE is currently rewarding traders who are leveraged longs, but it might not last for long. Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority …
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The Ethereum-based scaling solution recently appeared on the Mark Cuban Companies website, seemingly affirming his investment in the project. Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent …
ETH ETH Price Index The Ethereum price has bounced from last week’s selling and is now aiming at the highs once more. The number two coin in the crypto market now has a market cap of $290 billion and hit another new record high last week even as Bitcoin struggled. The announcement of more institutional …
Continue reading “Ethereum Aims for the Highs Again, SOL Shines Bright, CELO, Apr. 26”
So what is DeFi exactly? Will this be just a passing trend or will ignite a “new revolution” in the global market? All will be revealed in the following article. So let’s dive in! What Exactly Is DeFi? DeFi stands for Decentralized Finance. This is the term used to refer to financial applications built on …
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The popular U.S.-based cryptocurrency exchange Coinbase successfully ran its IPO last week, becoming one of the first crypto companies to do so. Its success means that other crypto exchanges could follow suit. Here are the stances of various exchanges. Coinbase Coinbase carried out its IPO on Wednesday, April 15. On that day the company’s Class …
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Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy. On a day in which Bitcoin crashed briefly to $30,000 in a rampant bear market, the leading cryptocurrency never got anywhere close to that on Korean exchanges. The so-called “kimchi …
Continue reading “Korea’s crypto market is among the strongest — and the strangest — in the world”
The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for this task. Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of …
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