Crypto news

A slew of leading Ethereum based DeFi protocols– including Aave, Sushi, Curve, and PoolTogether– recently announced a $100M DeFi adoption initiative with Celo, a mobile platform for financial dApps. Adoption Initiative: “DeFi for the People” Announced today, the recent “DeFi for the People” initiative’s numerous founders include Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, and Moola Market, alongside educational and infrastructure partners including Chainlink,...

A new survey suggests that many of the young people that garnered stimulus money from the government during the COVID-19 pandemic spent their funds on stocks and cryptocurrency. Survey Says, “Young People Enjoy Crypto!” This is to be expected in many ways considering the extraordinary level of distrust that many millennials and members of younger generations have towards standard banks and financial institutions. Many of these individuals grew up during the time of the...

XRP/USD – XRP Falls Beneath 20-day MA and Forms Triangle. Key Support Levels: $1.10, $1.05, $0.92.Key Resistance Levels: $1.25, $1.28, $1.36. XRP failed to break $1.27 (bearish .618 Fib) last week on the third attempt to overcome the level. As a result, the coin started to fall throughout the week until support was found on Thursday at around $1.05, provided by the lower angle of the triangle. It rebounded from there over the weekend but could not break the upper angle of the...

ETH/USD – Ether Forms Symmetrical Triangle Key Support Levels: $3150, $2985, $2890.Key Resistance Levels: $3350, $3540, $3700. Since surging from $1800 at the end of July to meet resistance at $3350 in the first half of August, Ethereum has been consolidating inside a symmetrical triangle pattern. It has made over four attempts to break the $3350 resistance, provided by a bearish .618 Fib, and failed on each attempt. Recently, ETH has been using the 20-day MA as support as it...

While the price of bitcoin seems stuck beneath the $50,000 line, the network has actually seen a few all-time highs lately. On-chain data revealed that the weekly BTC transaction volume has exploded to a fresh record, while the number of token holders is recovering nicely. Transactions on the Bitcoin Network to New Highs The analytics company Glassnode recently highlighted the massive uptick in transaction volume on the Bitcoin network. The firm’s data shows that the average...

LBank officially launched a blockchain organization named “LBank Blockchain Port-Harcourt” in Port-Harcourt, Nigeria on August 29th .  LBPH (LBank Blockchain Port-Harcourt) aims to bring more opportunities and blockchain knowledge to people in Africa. The event started at exactly 11. am that hosted over 200+ enthusiastic attendees. The Global LBank CEO Allen also took out time to give a congratulatory message and shared some awesome plans for Nigeria and Africa as a...

BTC managed to make a third weekly close above the 21-week and 200-day moving average as the largest cryptocurrency continues the bull market continuation validation phase. After rallying higher for 5 consecutive weeks with near-term momentum slowing and bearish divergence on the 4-hour chart, consolidation can be expected. Resistance at $50k continues to be the near-term level that BTC must successfully close above in order to follow up on the breakout and bull market...

Leading DeFi and CeFi aggregator OpenOcean has continued to expand its ecosystem and has just recently integrated Avalanche, a high-scalable and open-source platform for launching decentralized finance apps. In a Monday press release shared with CryptoPotato, OpenOcean noted that its integration with Avalanche will allow its users to swap different digital assets utilizing the best prices available in the market, with minimal risks of slippage. OpenOcean Partners With...

The leading cryptocurrency exchange in Australia – Binance Australia – has announced it appointed Leigh Travers as its new Chief Executive Officer. He was previously CEO and Director of the blockchain technology company – DigitalX. Binance Australia Has a New CEO According to an official announcement, Binance Australia has tapped Leigh Travers as its new CEO. The top executive has experience in digital assets and blockchain technology since he was in charge of DigitalX for...

[PRESS RELEASE – Singapore, Singapore, 29th August 2021] APENFT, the premier foundation, and fund for the collection of top-tier NFTs, has announced that it had received the punk avatar (No. 1649) donated by an anonymous early user of CryptoPunks. According to recent trading data, the highest bid for CryptoPunk1649 was up to $165,827. Although this donor prefers to remain anonymous, the address of the previous owner of CryptoPunk1649 was 0xbb511a on arvalabs.com, the official...