Markets

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,660 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $1,650 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,650 and $1,660. Ethereum price is declining below $1,660 against the US Dollar. ETH/USD remains at a risk of more downsides...

The London Stock Exchange (LSE) is reportedly planning to develop a digital markets enterprise. The move aligns with its broader strategy to become the first major exchange offering comprehensive trading of traditional financial assets on blockchain technology. One of the world’s oldest stock exchanges which can trace its history back more than 300 years, is “definitely not building anything around cryptoassets.” The focus is rather on blockchain technology to improve the...

A recent study by blockchain and Web3 software company Consensys has found Nigeria to be leading in cryptocurrency awareness across all continents, with 99% having heard of the asset class and 91% willing to invest. The survey was taken by 15,158 people online across 15 countries, including the U.S., the U.K., Argentina, France, India, Japan, Mexico, South Korea, the Philippines, and Nigeria, from April 26 to May 18, 2023. Together with market research and data analytics firm...

Cardano’s native token has recently undergone a notable decline in its value, with its price dropping by approximately 17% over the last month. During the same period, however, the on-chain activity has defied expectations. According to the latest data by Santiment, Cardano’s surging transaction volume is noteworthy, given the contrast with its subdued market value compared to its April peak. ADA has witnessed a 1,700% surge in its weekly on-chain transaction volumes since...

Bybit introduces TradeGPT, an AI tool merging ChatGPT’s language model with real-time data for market insights and user assistance. It is free for all users. Cryptocurrency exchange Bybit has announced the launch of “TradeGPT”, a new AI-powered trading tool. This new assistant combines the power of ChatGPT’s language model with sophisticated real-time data from the Bybit platform. According to Bybit’s statement, TradeGPT will make it easier for users to access updated market analyses and...

Could bitcoin, the world’s number one digital currency by market cap, reach a whopping price of about $180,000 before the end of next year? According to representatives of financial agency Fundstrat, the answer is a resounding “yes.” Fundstrat Predicts Big Things for Bitcoin Fundstrat is a company that’s headed by the effervescent Tom Lee, who’s known for making large and wild predictions about where the price of bitcoin will be in the coming future. While he...

Portuguese soccer legend Cristiano Ronaldo has taken a lie detector test for the world’s largest crypto exchange, Binance, an activity he called one of his hardest challenges. The lie detector test stirred mixed reactions and speculation from the crypto community regarding Binance’s aim for subjecting the soccer megastar to such activity. Ronaldo’s Partnership With Binance Ronaldo’s lie detector challenge comes barely two months after he launched his second non-fungible token...

Bernstein analysts believe that diversification presents a significant commercial opportunity for asset managers. It allows them to enter the rapidly growing digital asset market and benefit from increased demand and market growth. In the world of finance, few innovations have garnered as much attention and excitement as the potential launch of crypto exchange-traded funds (ETFs). Bitcoin (BTC) has been the center of attention in finance for years, but the advent of crypto ETFs is poised...

The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency.  JPMorgan Chase & Co (NYSE: JPM) has predicted that the United States Securities and Exchange Commission (SEC) will be compelled to approve spot Bitcoin (BTC) Exchange-Traded-fund (ETF) applications from various asset managers following Grayscale’s favorable court ruling. Grayscale Investments, a prominent player in the...

Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed...