Markets

The platform includes a Coinbase Commerce button which allows merchants to easily accept payments for goods, services, and donations. In a groundbreaking move towards enhancing the user experience in onchain payments, Coinbase Commerce has unveiled a comprehensive set of product updates. This development, announced in a recent blog post, is set to address the challenges posed by cryptocurrency volatility, making onchain payments more accessible and seamless for thousands of global...

This acquisition will prepare CoinShares to position itself in the US markets ahead of the upcoming launch of spot Bitcoin ETFs. Europe-based crypto asset management firm CoinShares has obtained an exclusive option to acquire the ETF unit of Valkyrie Investments. This will help CoinShares strategically position itself in the US market amid expectations of the Securities and Exchange Commission approving a spot bitcoin ETF. The option, valid until March 31, offers CoinShares the...

Bitcoin cash price started a fresh decline from the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $242 resistance zone. Bitcoin cash price is struggling below the $240 zone against the US Dollar,...

With U.S. spot Ethereum (ETH) ETFs now a realistic prospect, some experts are questioning whether their approval will impact the market as much as a Bitcoin (BTC) equivalent. Bitwise – the world’s largest crypto index fund manager – says they won’t be. In conversation with CryptoPotato, the firm’s analyst Juan Leon explained why. Ignorance Of Ethereum According to Leon, while many institutional investors have grown more informed and receptive to BTC as an investment asset,...

South Korea’s National Pension Service (NPS), which is one of the largest pension funds in the world, bought approximately $20 million worth of Coinbase stock (COIN), an investment that has raked in an unrealized 40% profit for the fund. The move marked the first time NPS would include a crypto-based company in its U.S. stock portfolio. NPS Coinbase Shares Purchase in Profit In a stock holdings report submitted to the U.S. Securities and Exchange Commission (SEC) on Nov. 16,...

Cardano’s native token experienced an upsurge, alongside various alternative cryptocurrencies, fueled by growing optimism among investors in the broader market. With a remarkable monthly gain exceeding 55%, ADA reached a price level reminiscent of April, briefly touching $0.40 this week. This positive momentum has the potential to boost ADA to surpass a significant resistance level in the near future. New data also indicates that the ongoing consolidation phase closely...

Per the S-1 filing submitted to the SEC, the iShares Ethereum Trust is designed to reflect the performance of the Ethereum. BlackRock Inc (NYSE: BLK), a top investment asset management firm, has filed for a spot Ethereum Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This comes only a week after it registered the ETF dubbed iShares Ethereum Trust with Delaware’s Division of Corporations, and almost six months after filing for Bitcoin equivalent,...

Litecoin (LTC) has experienced a monthly surge of approximately 20%, briefly surpassing the $74 mark, in tandem with a broader resurgence in the cryptocurrency market. The increased network activity has played a pivotal role in this upward trend. Data compiled by IntoTheBlock reveals that active addresses on the Litecoin Network have reached a six-month high. On November 13th, the count of active addresses, indicating those involved in transactions, soared to 979.55k,...

The Polygon Ecosystem Growth address has distributed 217 million MATIC tokens to approximately 70 addresses within the last 24 hours. This strategic move aims to foster development and expand the ecosystem. As a result of this token distribution, there has been a slight impact on MATIC’s market price, leading to minor declines. Polygon Ecosystem Growth 217 Million Distribution According to etherscan data, approximately 70 wallets were credited with 217 million MATIC,...

Philippines’ state-owned Development Bank of the Philippines and Land Bank of the Philippines serve as the issue managers for the tokenized treasury bonds. The Philippines aims to boost its domestic debt market by introducing tokenized treasury bonds, with an initial offering of at least 10 billion pesos ($179 million). This marks the country’s first foray into the issuance of tokenized bonds. However, the government retains flexibility in adjusting the issue size. The move aligns with...