Crypto news

Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital Management will act as the sub-advisor. Founded in 1965, CI Global Asset Management is an asset manager with over $180 billion in AUM as of January 2021....

ETH/USD – Bulls Meet Resistance At Bearish .618 FibKey Support Levels: $1680, $1620, $1500.Key Resistance Levels: $1755, $1800, $1875.Ethereum is now up by a total of 21.6% over the past week as it hit the resistance at $1755 today (bearish .618 Fib). The coin had started heading lower toward the end of February until it found support at $1425 (previous ATH).It rebounded from there and it pushed higher into resistance at $1580 (bearish .382 Fib Retracement). It struggled at this level during...

Although Ethereum’s price has tumbled by a few hundred dollars since its peak in February, whales have continued to accumulate large portions of the second-largest digital asset. Recent data revealed that large ETH investors own nearly 70% of the total supply – the highest level since late 2017.ETH Whales At a 3-Year HighThe price of ETH has been on a roller-coaster since the start of the year. The asset entered 2021 at $720 before the bull run took it above the previous all-time high at...

The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the digital asset’s underlying technology.Miss Out? “No Way”!Asian smartphone giants, Meitu yesterday joined the league of institutional...

The hype around non-fungible tokens (NFTs) continues to escalate as demand for primary sales is only growing higher.The last manifestation of this was earlier during the BossLogic NFT drop that took place on the OpenSea marketplace, causing it to essentially crash under the high traffic.OpenSea Crashes as Traffic SurgesOpenSea, touted as the largest NFT marketplace crashed last night under a serious surge in traffic caused by an NFT drop.The platform took it to Twitter to explain what...

[PRESS RELEASE – Please Read Disclaimer]Given increasing Ethereum costs and the high friction associated with L1, Polygon and Router are teaming up with leading crypto projects to enable instant, gasless trading, and farming for Defi.Background: Router Protocol is building a cross-chain liquidity protocol and the first node of the Router Protocol is Dfyn.network which is a functional AMM-based DEX on Polygon (Previously Matic). This yield farm will be based on Dfyn.network, i.e. the projects...

Stellar lumen price is likely forming a base above the $0.3800 support zone against the US Dollar. XLM price is now consolidating near $0.4100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4120 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase as long as it is above the $0.3800 support zone. Stellar lumen price is showing a few positive signs above $0.3800 against...

Ripple price is slowly moving higher towards the $0.4800 and $0.5000 resistance levels against the US dollar. The price is now stable above the $0.4450 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue higher once it clears the $0.4800 and $0.5000 resistance levels. Ripple price is showing a few...

In recent news, it was announced that Mark Cuban – the billionaire owner of the Dallas Mavericks basketball team – will allow Dogecoin to be utilized for purchasing tickets and merchandise related to the team. Many analysts and industry experts see this as a positive move, but Mike Novogratz – a billionaire investor and former hedge fund manager – is less than pleased about the idea. Mike Novogratz Is Against Dogecoin Cuban has never really taken bitcoin or crypto...

Global cryptocurrency platform Eco has gotten its fingers on some serious cash following a heavy funding round that garnered the company roughly $26 million. The event was led by a16z Crypto. Eco Is Making a Lot of Moolah The company was founded three years ago in 2018. It’s main claim to fame is a crypto product it initially developed for around-the-world purchases of everyday items. However, Eco has made it clear in the past that it is not a banking or financial...