NFT fans will be able to purchase 10,000 non-fungible tokens representing various “lovable creatures” released by Shiba Inu. The sale should start as early as next week, and users will have to load up with LEASH coins if they want to be among the first to participate. Touted as a Dogecoin-killer, Shiba Inu saw the...Read More
The Solana NFT Marketplace has been officially launched, according to an Oct. 12 tweet from the FTX exchange. Any NFT pieces or collections on the new platform must be on the Solana blockchain; however, there are also plans to support Ethereum-based tokens, which are the industry standard. The FTX.US North American affiliate of the popular...Read More
The People Power Party – the opposition party in South Korea – has reportedly proposed a one-year delay on the upcoming taxation rules on trading with digital assets. The lawmakers also intend to revise the tax rate percentage suggesting that investors who generate profits of more than $42,000 should pay 20%, while the initial legislation...Read More
Ethereum Price has been picking up pace since the closure of September. The coin has reversed its trend with the start of October. And is rising on the charts with intermediate consolidations. The digital asset has been under consolidation for the past couple of days. The coin seems to be moving along a parallel chain,...Read More
Bitmain – one of the world’s largest manufacturers of bitcoin mining machines – revealed it would no longer deliver crypto mining rigs to mainland China addresses. However, the firm would continue shipping its products to overseas destinations. The Crypto Ban Reached Bitmain The Chinese crackdown on cryptocurrency mining and trading has affected Bitmain as well....Read More
Car For Coin – an auction website where users can purchase luxurious cars – also provided bitcoin payments as an option. Other examples of the latest cryptocurrency adoption are the fashion brand – PacSun – and the charity organization – Nicklaus Children’s Hospital Foundation. Paying for Tesla in BTC Becomes Possible Again Even though Tesla...Read More
Ethereum co-founder Vitalik Buterin spoke out against President Nayib Bukele’s compulsory bitcoin usage for merchants and businesses, saying it was against cryptocurrency’s “ideals of freedom.” Buterin commented in response to a Reddit article titled “Unpopular opinion: El Salvador President Mr. Nayab (Nayib) Bukele should not be praised by Crypto community.” The Ethereum co-founder did not...Read More
BTC has had a strong week, breaking over a key downtrend line and the September high of $52.9k. It managed to record an intraweek high of $56.1k, plunging deeper into the technical and on-chain resistance zone of $55k to $58k. Near-term technicals, have reached somewhat overbought levels, implying that a consolidation or minor retreat is...Read More
The Federal Bureau of Investigation partnered up with the Israeli Police to arrest 26 people alleged of offenses related to digital currencies employment. While the operation happened in Tel Aviv, it involved victims who all reside abroad. Detaining The Criminals According to a local report, the FBI and the Tel Aviv district fraud unit of...Read More
Over 20 Chinese digital asset-related businesses revealed they will halt their operations and withdraw from the local market as the country continues its hostile stance on anything crypto. The Effect of The Chinese Crypto Ban China’s negative stance on the cryptocurrency industry has been known for years, and the local authorities tend to remind investors...Read More
The tremendous growth of Axie Infinity and its native token – AXS – in the past year has paid off massively for winners of the AXS Binance launchpad lottery tickets who held their token. $200 Turned More Than $250,000 According to current market prices, the 2,000 Axie Infinity tokens allocated to each AXS Binance Launchpad...Read More
Biden wants to regulate everything, and it seems that cryptocurrencies are directly in his crosshairs. Apparently, the president of the United States is seriously considering issuing an executive order on cryptocurrencies in order to get better clarity of the landscape and exercise a better control over the industry and the activities related to cryptocurrencies. The...Read More
Digital asset marketplace Bakkt has partnered with Google to expand the usability of cryptocurrency. Thus, users will soon be able to add their Bakkt Visa Debit Card directly into Google Pay. Google Pay Meets The Bakkt Card As outlined in a press release from BusinessWire, users can soon spend Bakkt Card crypto funds directly from...Read More
Just four months after the application, Volt Equity’s Volt Bitcoin Revolution ETF has received the green light from the US Securities and Exchange Commission. It will provide investors the option to invest in companies with direct exposure to BTC, such as MicroStrategy. Back in early June this year, the California-based firm Volt Equity filed with...Read More
It’s been a green week all across crypto land as positive sentiment and big gains returned to the market. Leading the scene is Bitcoin, with an impressive surge of around 25%, once again tapping the mid-May highs. Just earlier today, Bitcoin reached a price of $56,000 – something that we haven’t seen since the middle...Read More
One of the largest short-videos sharing platforms in India – Chingari – has successfully raised $19 million from investors such as Kraken, Alameda Capital, Galaxy Digital, and more. The company aims to launch its own token, enter the NFT world, and tap into the Solana blockchain. Chingari Raises $19M The press release shared with CryptoPotato...Read More
Binance users based in South Africa will have until January 6th next year to manually close their derivatives positions as the exchange is halting these services. This is the latest action by the world’s leading crypto trading platform in its efforts to comply with local regulators. As announced earlier on October 8th, Binance has alerted...Read More
Institutions have resumed their appetite for bitcoin instead of gold, claimed strategists from the giant Wall Street bank JPMorgan Chase & Co. Consequently, they attributed the recent price surge to new multi-month highs to substantial purchases coming from large investors. Guess Who’s Back? The demand for bitcoin from institutions is a relatively new concept in...Read More
Over the past seven days, bitcoin’s price is up by roughly 23% according to data from CoinGecko. It’s a considerable advance in a relatively short amount of time, and the third-largest BTC whale has decided it’s time to take some profits. The third-largest Bitcoin address currently holds around 108,265 BTC according to Bitinfocharts. It appears, though,...Read More
Bloomberg launched a scathing attack on the stablecoin issuer in a BusinessWeek article on Oct. 7 titled “Anyone Seen Tether’s Billions?” In it, the financial news giant stated that the stablecoin is essentially a fraud because it does not have the assets to back it. At the time of writing, there were 69 billion USDT...Read More
Orlando Bravo – co-founder of Thoma Bravo – has confirmed that his company plans to invest in the broader blockchain industry. Thoma Bravo’s Investment Plans The billionaire businessman revealed his plans to invest at the Bloomberg Invest Global virtual conference on Thursday. The interviewer questioned him about whether Thoma Bravo will be an investor in...Read More
Shiba Inu – a cryptocurrency nicknamed “the dogecoin killer” has seen an exponential increase in futures trading volume in recent days. This comes amidst a parabolic price pump. Traders Flooding Into Shiba Inu According to data provided by IntoTheBlock, the meme coin’s futures trading volume began pumping on October 4th, up to $1.24B. This quickly...Read More
The price of Ethereum has risen beyond the $3,500 resistance level. Above the $3,550 level and the 100 hourly simple moving average, ETH was able to gain ground. On the hourly chart of ETH/USD, there was a break over a key negative trend line with resistance near $3,475 throughout the rise. The two even broke...Read More
The United States continues to contemplate taking further action in regards to the growing crypto space. In the latest endeavor, the Justice Department has decided to create a task force to stop hackers from utilizing digital asset exchanges to conduct ransomware attacks. Ransomware on Exchanges As reported by Bloomberg, the new team’s goal is to...Read More
Andrew Yang – former member of the Democratic party and primary race – just revealed his new political organization called “The Forward Party.” Shortly afterward, he also confirmed support for the broader cryptocurrency industry. Andrew Yang Loves Cryptocurrency Yang unveiled his new party in a tweet from yesterday, where he clarifies what the party is...Read More
Although Shiba Inu is considered to be a meme coin. The canine-based coin has left several coins behind in the market. Outperforming several potential cryptos in the space. The growth rate is astonishing for investors and traders. Yet it does seem realistic, considering the catalysts that are nurturing the coin’s growth. SHIB Price to the...Read More
Better Markets, a non-profit independent organization promoting public interest in financial markets, has reported that it would welcome any action by the SEC investigating insider trading at the Fed. On Oct. 6, Dennis Kelleher, co-founder, and President of Better Markets stated that a thorough, independent investigation by the SEC is so important. He stated that...Read More
MetaMask – the rapidly growing and highly popular Ethereum software wallet – plans to bring DeFi to large crypto-related institutions. They have partnered with three crypto custodians to respond to different organizational needs. Namely, those are BitGo, Qredo, and Cactus. MetaMask Brings Defi to Major Crypto Companies ConsenSys – the Ethereum software company that created...Read More
The market leader BTC has sparked a rally above $54K, Ethereum too is pacing above $3500. XRP too is set to accelerate as it hits $1.08. However, ADA continues to face heavy resistance in the $2.3 range. Amidst such market activity, Popular analyst and trader Scott Melker predicts new rallies for Polygon and two other...Read More
With the last quarter of the year underway, bitcoin has reclaimed its dominance in the amount of interest shown by institutional investors as it leads the pack in weekly inflows. According to the latest Digital Asset Fund Flows Weekly report by CoinShares, institutional investors have continued to increase their exposure to digital currencies. The asset...Read More
