Ether price is resting at a crucial level and holding it means the rally to new yearly highs can resume. As the price of Ethereum’s native digital currency Ether (ETH) has had record-high transaction fees recently, the price of ETH also showed an increased amount of volatility. A new high was hit at $495 at […]
Continue Reading
The U.S. dollar currency index caps six days of gains with fresh resistance, while stocks could give Bitcoin a fresh boost, says Michaël van de Poppe. Bitcoin (BTC) may get a “relief” rally closer to $11,000 as stock markets recover and concerns remain over the U.S. dollar. In a tweet on Sep. 8, Cointelegraph Markets […]
Continue Reading
China looks into DeFi. Cointelegraph China’s DeFi Marathon invited global DeFi projects, venture capitalists, and influential individuals to join a three-day online decentralized finance themed event, from Sep. 2 to Sep 4. Participants included Ontology, Darwinia network, Miniswap, and Dexe.network blockchain projects along with DeFi projects such as ForTube, Bitfrost, Gollf, Akropoliks, and Nest protocol. […]
Continue Reading
NFT marketplace Rarible has received an undisclosed investment from CoinFund amid a transition to community governance New York-based crypto investment firm CoinFund has made an undisclosed investment into the digital art-focused non-fungible token (NFT) marketplace, Rarible. According to a September 8 announcement from Rarible, funds from the pre-seed round will be used to develop a […]
Continue Reading
Kraken predicts that Bitcoin will produce a negative performance for September before returning to ‘aggressive volatility’ In its August 2020 volatility report, U.S.-based cryptocurrency exchange Kraken has predicted that September will bring excessively negative returns for Bitcoin (BTC). The report notes that historically, September is Bitcoin’s worst-performing month, with an average return of -7%. It […]
Continue Reading
The recent crypto market crash has wreaked havoc on DeFi tokens, with with 95% of DeFi assets posting a seven-day loss The decentralized finance (DeFi) bubble appears to have popped for the time being, with half a dozen top DeFi tokens shedding half of their fiat value over the past seven days. According to crypto […]
Continue Reading
“In Bitcoin we trust”, say miners unfazed by the market. Bitcoin’s price decreased by $2,000 in the past few days, yet the network’s hashrate has set a new all-time high, breaking the 150 TH/s plateau for the first time in its history. Bitcoin hashrate. Source: Glassnode. Hashrate is a key indicator when determining the health […]
Continue Reading
Regulated Bitcoin futures exchange LedgerX has launched physically-settled BTC futures contracts. LedgerX, a regulated futures exchange in the U.S., has introduced physically-settled Bitcoin (BTC) futures contracts. This allows investors to receive physical delivery of BTC and some analysts believe this will amplify the impact on the price of BTC. XBT/USD daily chart. Source: TradingView.com How […]
Continue Reading
“Millennials are buying more of the Bitcoins and the cryptocurrencies,” says Ruchir Sharma. According to a Morgan Stanley executive, the young and adventurous usually go for crypto, while older investors stick to more traditional assets. In a Sept. 8 interview with CNN anchor Julia Chatterley, Morgan Stanley’s head of emerging markets and chief global strategist […]
Continue Reading
Bitcoin’s dominance rate dropped to a 14-month low before last week’s double-digit correction, possibly a sign that the market was overheating. Last week’s Bitcoin (BTC) 11.4% drop might have seemed unexpected or entirely out of the norm. The truth is, the lack of a more substantial correction since the 50% drop that occurred on March […]
Continue Reading