Crypto news

Dapper Labs – the same company that invented Crypto Kitties – is building a new platform called Top Shot that will feature blockchain-based basketball and NBA trading cards.Dapper Labs Is Bringing Its Next Big Project to FruitionThe cards boast several high-ranking players in the league, as well as various top basketball moments in history bundled in packs. Some of the featured players or moments on the cards include a dunk by Zion Williamson and the euro step from Giannis Antetokounmpo. Top...

Analysts are still struggling to make sense of the situation surrounding both cryptocurrency and the presence of institutional traders.Institutional Traders May Not Have to List All Their AssetsThe good news is that more institutional players have become involved with crypto in recent years. New evidence from the likes of companies such as Grayscale suggest that, considering the platform has recorded more than $1 billion in BTC investments for its third quarter. This means that more than $300...

Ethereum saw a 3.4% price rise today as it hit the $389 level.The cryptocurrency had reached as high as $408 earlier in the week and went on to drop into the $380 support.Against Bitcoin, Ethereum fell lower from the 0.035 BTC resistance but found strong support at 0.0326 BTC.ETH/USD: Bulls Set Targets To Breach $400 AgainKey Support Levels: $370, $350, $321.Key Resistance Levels: $400, $408, $420.Ethereum has seen a strong 8% price increase over the past seven days of trading, which allowed...

Bitcoin’s had a tumultuous week of trading, there’s no doubt about it. While the overall trend remains intact, according to most analysts, the cryptocurrency definitely kept us on our toes. Last Sunday was likely the most volatile day of the week when Bitcoin surged past $12,000 only to drop to around $11,300 in a violent wick. This also led a lot of alternative coins to follow the same pattern, leaving many traders in dismay. It didn’t take that long for BTC to recover as it...

After weeks of reaching new highs, both bitcoin and gold have drawn back a little bit after news has emerged that the United States is doing better in the jobs department than originally anticipated.Bitcoin Takes a Few Steps BackSometimes, it’s necessary to give something up to garner a positive outcome of some kind, and in the case of people’s livelihoods and financial stability, what could be more important? With so many people out of work as of late due to the growing coronavirus pandemic,...

The past week was incredible for Bitcoin. During the previous weekend, the primary cryptocurrency saw its price touching above $12K and dumping to $10,500. A loss of $1600 in a matter of minutes.However, throughout the past week, the price slowly recovered towards the $12K mark once again. On Thursday, when it seemed that a new 2020 record is coming up, we warned here following a second failure to break the $12,000 resistance mark.Yesterday Bitcoin plunged to as low as $11,200 (prior...

Germany’s financial regulator has come down hard on Bitcoin ATMs that are operating in the country without a license.BaFin Clampdown on Unlicensed Bitcoin ATMsAccording to a report by Handelsblatt, the German Federal Financial Supervisory Authority (BaFin) targeted operators of Bitcoin ATMs that were working in the country illegally. Only BTC machines with a BaFin license according to the German Banking Act can function in Germany.The report further reveals that the operator of BTC ATMs under...

Grayscale Investments, Barry Silbert’s bitcoin, and crypto asset management firm will launch a nationwide advertising campaign in the United States next week. Silbert, also the founder of Digital Currency Group, announced it on Twitter a few hours back.Grayscale ‘To Bring Crypto To The Masses’ In Another Ad CampaignIn a tweet posted earlier today, Grayscale CEO Barry Silbert ‘dropped’ the news about his firm’s ad campaign going live next week. It will kick off with a television commercial on...

Anthony Pompliano of Morgan Creek Capital fame has always been a big bitcoin guy, and now he’s taking his predictions even further. He’s sticking to his guns when it comes to bitcoin reaching $100,000 by the end of 2021, though now he’s stating that the currency will potentially shoot up to a whopping $450K after that, and the bitcoin market cap will be comparable with that of gold and hit the trillions.Anthony Pompliano: BTC Is Going to Shoot Up, Up, UpPompliano is confident in bitcoin’s...

Congress and politicians appear to be getting in on the bitcoin and cryptocurrency game a lot more over the past several months. Recently, Republican representative Tom Emmer of Minnesota commented that bitcoin is about to get a lot stronger and much more relevant in the coming weeks.Tom Emmer: Bitcoin Is About to Get a Lot TougherBitcoin has had a very strange year in 2020. The currency initially started in the high $6,000 range but spent the first few days of the year rising into the low to...