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Biggest Movers: SHIB Bounces From Key Price Floor, Climbing to 1-Week High
25.8.2022
Shiba inu was trading over 10% higher during Thursday’s session, as the token rallied to a one-week high. Following a week’s worth of consolidation, the meme coin bounced from a key support level, moving closer to a resistance point of $0.00001500. Ethereum classic was also in...
Crypto Derivatives Industry 'Expects' Severe Regulation, Bitcoin’s Price to Return to USD 65K - Report
25.8.2022
More than half of global crypto derivatives industry representatives say they expect to see a more severe approach by the world’s regulatory agencies as a result of the recent decreases in the prices of cryptoassets – but a decisive majority of the surveyed experts argue that bitcoin (BTC) will...
Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge
25.8.2022
The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial...
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,700 as “Merge” Date Confirmed
25.8.2022
Ethereum was back above $1,700 in Thursday’s session, as the date for the long-awaited “Merge” was finally confirmed. A blog post from the Ethereum Foundation stated that the event will begin on September 6, and be completed between September 10 and 20. Bitcoin also moved...
The Euro Regains Parity As Market Confidence Rises
25.8.2022
On 25th August, the euro surged over par with the greenback as traders watched to see if Federal Reserve Chair Jerome Powell would adopt a more tough stance at a conference this week as the current U.S. currency advance lost pace. The euros and other currencies connected to general investor...
ETH is Best Top 10 Performer as First Stage of Merge Confirmed; It's 'Obviously a Very Tradable Event'
25.8.2022
The price of Ethereum’s native ETH token rallied on Thursday after the Ethereum Foundation on Wednesday announced that the Bellatrix upgrade – a key step that must be completed before the Merge – is scheduled for September 6.
As of Thursday at 09:30 UTC, ETH stood at 1,707. The token is up 4.2%...
NFT Market Rises in a Day; Over USD 100M in NFTs Got Stolen in a Year, Says Elliptic
25.8.2022
The market for non-fungible tokens (NFTs) has seen a relief rally in the sales volume over the past 24 hours, while blockchain analysis firm Elliptic found that over USD 100m in NFTs have been stolen over the past year.
The overall trading volume of blue-chip NFTs has seen an uptick over the past...
Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes
25.8.2022
Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 billion between January 2021 and June 2022 mean the West African nation is now Paxful’s largest market. Kenya, which saw traded volumes of over $325 million during the same period, now ranks as the crypto exchange’s...
Bitcoin and Ethereum Start Recovery, ETC and ATOM Rally
25.8.2022
Bitcoin price remained supported above the USD 21,000 zone. BTC started a recovery wave and climbed above the USD 21,500 zone. It is currently (04:00 UTC) showing a few positive signs and might rise towards the USD 22,000 level.
Similarly, most major altcoins are slowly moving higher. ETH was able...
First Mover Asia: Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K
25.8.2022
A study by crypto exchange’s KuCoin found that 15% of the country’s population aged 18-60 held or had traded crypto in the past six months; ether trades sideways
Largest Southeast Asian Bank DBS Sees Crypto Trading Volumes Soar as Investors Bought the Dip
25.8.2022
DBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bought on its exchange grew nearly four times during that time period. DBS Crypto...
Market Wrap: Bitcoin Rises Slightly Along With Stocks
24.8.2022
U.S. equity indexes snapped a three-day losing streak on Wednesday, dragging along crypto assets. Bitcoin and other crypto assets rose along with U.S. stocks, which broke a three-day losing streak on Wednesday as investors' appetite for riskier assets returned. This article originally appeared...
Biggest Movers: APE Extends Rally, HNT Recovers Following Recent Losses
24.8.2022
Apecoin rose for a fourth consecutive session on Wednesday, as prices of the token climbed by as much as 5%. Today’s surge sees the token move to its highest level since last Friday. Helium was another notable gainer on hump day, rising by as much as 14% earlier in the day. Apecoin (APE)...
Bitcoin Price Rally Failed to Attract Active Users, Exchange Flows Reveals 'Lackluster' Demand – Glassnode
24.8.2022
The recent uptrend for bitcoin (BTC) did not attract a new wave of active users, while exchange flows also suggest a “relatively lacklustre influx of capital,” the on-chain analytics firm Glassnode has found....
Read More: Bitcoin Price Rally Failed to Attract Active Users, Exchange Flows Reveals...
Bitcoin, Ethereum Technical Analysis: ETH Moves Towards $1,700, BTC Largely Unchanged
24.8.2022
Ethereum moved closer to $1,700 in today’s session, as prices continued to rebound following recent losses. Bitcoin was largely unchanged from Tuesday’s session, as the world’s largest cryptocurrency was once again trading above $21,000. As of writing, the global crypto market...
Bitcoin and Ethereum Aim At Key Upside Break
24.8.2022
Bitcoin price consolidated above the USD 21,000 support zone. BTC is still struggling to gain pace above the USD 21,650 resistance. It is currently (11:20 UTC) showing a few positive signs and might start a recovery wave towards USD 22,000.
Similarly, most major altcoins are facing important...
Second Biggest Brazilian Bank Bradesco Not Interested in Crypto, Alleges It Is Still ‘Very Small’
24.8.2022
Bradesco, one of the biggest banks in Brazil, has stated it does not have plans to enter the cryptocurrency market in the near future. In an interview, Bradesco CEO Octavio de Lazari Junior stated that the company was currently not interested in launching crypto services to its customers...
New fix for curse of Impermanent Loss proposed on Avalanche
24.8.2022
Trader Joe says its "Liquidity Book" will mitigate the impermanent loss "suffered by so many liquidity providers on other DEXs" during times of market turbulence
Bitcoin and Ethereum Stuck In Range, Altcoins Struggle
24.8.2022
Bitcoin price remained in a range above the USD 21,000 support zone. BTC made a few attempts to clear the USD 21,650 resistance but failed. It is currently (04:00 UTC) trading in a range and might soon make the next move.
Similarly, most major altcoins are struggling to start a recovery wave....
SEC Chairman Says Crypto Should Be Treated Same as Other Capital Markets
24.8.2022
SEC Chairman Gary Gensler says that there is no need to treat the crypto market differently from other capital markets. Noting that “the SEC will serve as the cop on the beat,” Gensler encouraged crypto trading and lending platforms “to come in and talk to SEC staff.”...