The cryptocurrency market is on fire. The market capitalization has surged past $2 trillion for the first time in its history. Interestingly enough, this was led mostly by alternative coins, or altcoins, surging in value. Bitcoin, on the other hand, failed to break above $60K on multiple occasions over the past month, giving serious merits to the notion that altcoin season 2021 is brewing. In January this year, CryptoPotato reported that Secrets of Crypto, which is one of the...
Read More »Shares in MicroStrategy Shoot Up Thanks to BTC
Shares in software firm MicroStrategy went up a few days ago after analysts suggested an $850 per share price in the coming future. MicroStrategy Owes Its Success to Bitcoin The figure has a lot to do with the idea that MicroStrategy is quite bullish on bitcoin, and that the firm is doing all it can to purchase the world’s number one digital currency by market cap. MicroStrategy initially bought its first round of BTC in August, when the currency was trading for around...
Read More »Coinbase, Fidelity, and Square Form a Cryptocurrency Council to Lobby Regulators
As nations are dabbling with establishing legislative frameworks on the cryptocurrency industry, several giants have formed a coalition to lobby policy makers and conduct researches to ensure the proper implementation of such rules. According to a Wall Street Journal coverage from today, the prominent names to participate in the new initiative are the mutual fund behemoth Fidelity Investments, the financial service provider Square, the crypto-focused investment company...
Read More »COTI Receives Investment From Cardano’s Venture Fund
By using its ecosystem venture fund dubbed cFund, Cardano has made its first investment in COTI. As part of the deal, the so-called “Finance on the blockchain” project will update the internally developed ADA Pay system to accommodate the upcoming Shelley mainnet. Cardano Invests in COTI Anchored by IOHK and managed by Wave Financial, cFund is a recently launched initiative that enables the parties behind It to “primarily” sponsor projects “synergistic with Cardano.” The...
Read More »Binance Coin Analysis: BNB Sets Fresh ATH Above $400 Following 40% Weekly Surge
BNB/USD – Bulls Set New ATHs Above $400 Key Support Levels: $380, $350, $325.Key Resistance Levels: $400, $410, $441.50. Binance Coin is up by a total of 40% over the past week, allowing it to set a new all-time high price at $401. The cryptocurrency found support at $320 after struggling to break resistance at $348.66 (1.414 Fib Extension) earlier in the week. This level was finally penetrated yesterday, which allowed BNB to rise into the $380.86 resistance (1.618 Fib...
Read More »Chainlink Now Listed on Cryptal
[PRESS RELEASE – Please Read Disclaimer] The newest token available on Cryptal Exchange is Chainlink (LINK). As of today, you can now buy, sell, and trade LINK for USD or BTC. Chainlink was founded and developed by Sergey Nazarov and Steve Ellis. Its ICO was held in September 2017, raising $32 million. There is a total supply of 1 billion LINK tokens, of which over 414.5 million are in circulation. Current market capitalization is over $11 billion. Chainlink connects...
Read More »NFT Platform Auctionity to Expand DRT Usage, Adopt FIAT Payments
[PRESS RELEASE – Please Read Disclaimer] One of the earliest adopters of NFTs, Auctionity has offered crypto enthusiasts a 100% blockchain-based NFT auction platform since 2017, made possible through implementation of the DomRaider network. Auctionity helped to forge a method for the convenient sale of NFTs in 2018 by building an innovative and secure auction protocol; a model which has been validated via scientific publication. Today marks a new milestone for Auctionity as...
Read More »XRP Price Soars to $1 In Anticipation of Today’s Ripple-SEC Hearing
Despite the ongoing legal battle with the Securities and Exchange Commission and today’s hearing, Ripple’s native digital asset has exploded in value in the past few days. XRP is more than 70% up in a week, and its price tapped $1 for the first time since mid-2018. CryptoPotato reported in late 2020 that the SEC has alleged the blockchain-based payment processor of conducting a $1.3 billion unregistered securities offering. Although Ripple’s executives claimed on numerous...
Read More »Tether (USDT) to Launch on Polkadot and Kusama
The largest stablecoin by market capitalization, Tether (USDT), has announced plans to launch on two more blockchains – Polkadot and Kusama. Tether aims to become the first-ever stablecoin operating on Polkadot, but it will first launch on Kusama due to the availability of parachains. USDT Goes on Polkadot and Kusama Tether Operations Limited is the company behind the most widely-utilized stablecoin – Tether (USDT). With over $40 billion of market capitalization, USDT...
Read More »Cardano (ADA) Price Analysis: Bulls Eye Fresh Rally Above $1.25
ADA price failed to settle above $1.280 and corrected lower below $1.220 against the US Dollar. The price is now above the $1.160 support and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.220 on the 4-hours chart (data feed via Bitfinex). The price is likely to start a fresh rally once there is a clear break above the $1.220 resistance. Cardano price is trading above a major support at $1.160 against the US...
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