Crypto news

After falling to $55,000 yesterday, bitcoin recovered more than $3,000 of value and tapped $58,000. Most alternative coins are somewhat stagnant on a 24-hour scale, except Dogecoin. The meme coin charted a new all-time high hours ago and is close to overcoming BNB as the third-largest digital asset. Bitcoin Heads for $58K The primary cryptocurrency has been somewhat struggling in the past few days, as previously reported. It attempted to break above $58,000 on multiple...

Sometimes, the only way to keep a financial market alive is to think for yourself, and according to Changpeng Zhao – the CEO of Binance, the world’s largest and most popular cryptocurrency exchange – the herd mentality is really doing some heavy damage to the digital asset space. Changpeng Zhao Thinks People Need to Invest Long Term To be fair, he comments in a recent interview that this same attitude is seen in the stock market, though crypto appears to be more...

The second-largest cryptocurrency by market cap, Ethereum, has recently crossed the $3,000 mark for the first time in history. Earlier on Friday, VanEck has filed for an Ethereum ETF with the SEC. VanEck has already submitted a Bitcoin ETF, which is pending review – this is their first Ethereum ETF application. If successful, it will become the first Ethereum ETF to be available on US stock markets. Ethereum’s Growing Momentum Ethereum (ETH) has been hitting new highs on...

[Press Release – Tortola, BVI, 7th May, 2021, Chainwire] Social farming platform Don-key has announced its Initial Dex Offering (IDO) on SuperStarter launchpad. The IDO will occur on May 11, giving community members an opportunity to acquire DON tokens and claim a stake in the yield farming platform that Don-key is building. The public sale on the launchpad developed by SuperFarm follows a private round that saw VCs commit $2.2 million to support Don-key’s goal of creating a...

Hundreds of banks throughout the United States are about to offer bitcoin and cryptocurrencies to their customers thanks to their new partnerships with NYDIG. NYDIG Is Paving the Way for “Crypto Banks” NYDIG is stationed in New York and is a cryptocurrency custody firm. It is also a division of Stone Ridge, an institutional office that made headlines late last year after it invested more than $100 million into bitcoin. The firm has now partnered with Fidelity National...

[PRESS RELEASE – Tortola, BVI, 7th May, 2021,] The Dapp List, focused on rooting out fraudulent projects, has completed a $1.77 million funding round led by notable investors and angels in the cryptocurrency space. Venture and investment funds that joined include CMS Holdings, YBB foundation, LD Capital, Bitscale Capital, BR Capital, GenBlock, SL2 Capital, and Double Peak. A number of angels have also extended support, including Sandeep Nailwal, Co-founder of Polygon, Kenzi...

Dogecoin has become so much more than just a joke or “meme coin,” which is what it began as. Nowadays, Dogecoin is being taken as seriously as one might take bitcoin or Ethereum. Dogecoin Is Reaching New Highs The asset has recently added as much as 130 percent to its overall price. It is presently trading for nearly 69 cents, and analysts say that one dollar per unit is not too far off. This all comes as Elon Musk – the South African entrepreneur behind billion-dollar...

The past seven days were particularly favorable for altcoins. This is mainly because bitcoin fails to produce any major gains in comparison, which has seen its total market dominance drop down to 44% – a level last seen back in 2018. It’s worth noting that the primary cryptocurrency is up more than 6% on the weekly, which is in no way inconsiderable. Last weekend we saw an attempt for a breakout, but bears stepped in and prevented it. The same thing happened on Monday when...

The recently-appointed SEC Chair, Gary Gensler, believes the cryptocurrency industry and the people involved need more advanced protection. In a recent interview, he also referred to bitcoin as a speculative store of value and called for an update of the existing regulations in the US. Advanced Protection for Crypto Investors in the US The cryptocurrency boom that started in late 2020, in which prices blossomed, and global demand skyrocketed, has caught the attention of...

The Dogecoin mania continues to expand rapidly as recent research outlined the growth of Twitter engagements. The meme coin trails only to bitcoin and is well ahead of Ethereum, Cardano, Ripple, and Binance Coin. DOGE Second Only to Bitcoin Apart from NFTs, 2021 has been the year of Dogecoin so far. The meme coin has seen mass adoption from celebrities, companies, and, eventually, retail investors, and its value has skyrocketed. To be more precise, the Shiba Inu-inspired...