Crypto news

This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing signs of weakness, and it declined all the way to $57K on Sunday. From there, Bitcoin started trading flat and made another unsuccessful attempt at $60K...

It sounds like everyone is learning from Coinbase. The popular cryptocurrency exchange in San Francisco, California, announced last year that it was getting ready to go public. The trading platform will begin trading on the Nasdaq next week on April 14, and now it looks like Kraken is going to follow suit. Kraken Is Heading Down the Coinbase Road Kraken is another large cryptocurrency exchange. Also stationed in northern California, it is a direct competitor to Coinbase, though it claims it...

As the crypto market gradually recovers from Wednesday’s dip, ENJIN Coin (ENJ) received a significant boost in price following its listing on Coinbase Pro, the professional trading platform of the U.S.-based exchange, Coinbase. Coinbase Lists ENJ and Three Others The San Francisco-based exchange noted in an announcement this week that ENJ alongside 1INCH, OGN, and NKN will be available for trade today by 4 PM UTC if liquidity conditions are met.  “Once sufficient supply of...

The popular multi-asset DeFi platform powered by Kava Labs has optimized its network with the release of the Kava 5.1 upgrade. The company cited enhanced earnings from lending and decreased risks as the main benefits from the update. Kava 5.1 Arrives The software protocol enabling its users to utilize multiple crypto assets to borrow and lend funds without the need for a third-party intermediary announced its latest developments in a press release shared with CryptoPotato....

FiCAS AG's weltweit erster aktiv verwaltete Krypto ETP wurde and der Börse Stuttgart gelistet FiCAS AG’s landmark „15 FiCAS Active Crypto ETP“ is now listed at the Börse Stuttgart under WKN A3GQYG and ISIN CH0548689600. Ali Mizani Oskui, the founder of FiCAS AG, said, „We are delighted that our unique actively-managed cryptocurrencies investment vehicle is now listed at the...

The World Wrestling Entertainment announced today it will create the corporation’s first-ever non-fungible tokens (NFTs) representing legendary moments from the career of one of the most iconic fighters – The Undertaker. The four-tier drop will be launched ahead of the company’s biggest event this Saturday, April 10th – WrestleMania. The Deadman as an NFT WWE announced it will release non-fungible tokens featuring Mark William Calaway, better know by his ring name, The...

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to...

America’s oldest bank, BNY Mellon, will become the first service provider for a Bitcoin exchange-traded fund (ETF) launched by Antoni Scaramucci’s SkyBridge and First Trust Advisors, pending approval. According to a press release, if the SEC approves the ETF, BNY Mellon will provide several services for institutional clients, such as ETF basket operation, order taking, fund accounting, fund administration, and transfer agency services. Traditional Institutions Jumping on the...

A few months after questioning bitcoin’s store of value status, Tom Jessop, the head of Fidelity Digital Assets, stated that BTC and the entire industry are at a “tipping point” in terms of maturation and global adoption. He breached the COVID-19 pandemic and the “ultralow” interest rates as the most significant reasons behind crypto’s rise. Tipping Point for Bitcoin Adoption Fidelity Investments has been among the most receptive institutions when it comes down to the...

Robinhood, a popular U.S. crypto brokerage app, announced that it recorded an almost six-fold increase in the number of users that traded cryptocurrency using its platform in Q1 2021. In a blog post published on Thursday (April 8, 2021), Robinhood noted that 9.5 million users carried out crypto trading via the platform in the first quarter of 2021, signaling a spike from its Q4 2020 record of 1.7 million. The company’s Q1 2021 record further shows the growing popularity of...