Crypto news

Digital asset platform, Bakkt Holdings, which is majority-owned by Intercontinental Exchange (ICE), generated quarterly net revenue of $13.6 million, an increase of 60% year over year (YoY). Despite the bearishness in the market, Bakkt managed to trim its net loss to $27.6 million in the second quarter of the year, as per its latest financial report. This is an almost 13% upswing compared to the $31.9 million loss that it had registered during the same period last year. Due...

Paul Krake is an ex-macro hedge fund manager that doesn’t think much of crypto. In fact, he’s downright skeptical of the space. Paul Krake Doesn’t Think Much of Crypto In a recent interview, Krake said he’s convinced many digital currencies are going to vanish into thin air in the coming years. He thinks a lot of them are fraudulent and will not stand the test of time. He stated: There are 19,000 [crypto] coins in the world. 18,980 of them are going under… Crypto is BS,...

Bitcoin continues its struggle to push and hold above $24K, as it has been rejected from this significant level for the third time. The price rebounded from the $20K support level last month and has been making higher highs and lows on the daily chart. This resulted in the creation of a bullish structure. Can the cryptocurrency finally break through its goal of the $24K resistance level? Technical Analysis By: Edris The Daily Chart As of this writing, Bitcoin has yet to break...

The past week was particularly eventful, and that’s reflected in the overall performance. The total cryptocurrency market capitalization is up almost $100 million as most of the coins are well in the green. Let’s unpack. Starting with Bitcoin, it’s up 5.2% over the week and is currently trading around $24,000. This time last week, the cryptocurrency was hovering around the $23K area, where it remained until Monday, when the price took off and reached $24K. The euphoria was...

Voyager Digital investors and Dallas Mavericks fans are lashing out at the NBA team’s owner Mark Cuban for his role in promoting the insolvent lending platform’s unregulated crypto products. The billionaire entrepreneur is now facing a civil lawsuit. According to the court document, the plaintiffs alleged that Cuban and Voyager Digital CEO Stephen Ehrlich targeted young and inexperienced fans to put their savings into Voyager Digital by promoting it on numerous occasions. The...

App Swarm, Corp. – a company that focuses on mobile development, crypto assets, non-fungible tokens (NFTs), and cybersecurity solutions – is boosting the amount of crypto equipment it’s employing to focus more on mining Ethereum, the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin. App Swarm Says It’s Mining a Lot of ETH It’s a unique situation given that so many hobby miners and small mining companies appear to be suffering...

NFTs will change everything. Through NFTs, art no longer has to be static in time. A physical piece of art is what it is, while an NFT is a mutable key that can evolve over time as utility is built for it. An NFT is a digital imprint that lasts forever in the virtual world, while a physical art is transient in time and space. This is not to denigrate physical art, or to suggest it will be somehow less important or valuable as a result of NFTs. Quite the opposite, NFTs...

Bitcoin cash price started a fresh increase from the $130 zone against the US Dollar. The price is now trading above the $140 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $136 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $146 and $150 to continue higher in the near term. Bitcoin cash price is climbing above $140 against the US Dollar, similar to bitcoin. BCH/USD...

MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH instead.  Yet despite what such a conversion could do to boost ETH’s price, Vitalik Buterin said it was a “terrible idea.” Removing Exposure to USDC In the governance channel of MakerDAO’s official Discord, Rune expressed concerns over the US Treasury Department’s latest...

Federation – a psy-punk music project – has unveiled a new limited edition non-fungible token (NFT) album it’s calling “F.” The album is only available on RCRDSHP, an NFT platform that features a wide variety of collectibles all purchasable by cryptocurrencies such as bitcoin. Federation NFT Album “F” Now Available to Buy The NFT space has gotten huge in just the last two years alone. While NFTs have technically been around since 2017, they expanded heavily in 2020 –...