Markets

The past seven days saw the cryptocurrency market increase, but it wasn’t something particularly considerable. Bitcoin remained rather stagnant and managed an increase of slightly more than one percent. However, there were those who exploded and led the market’s recovery. Namely, XRP. Let’s dive in. Starting with the BTC price – it wasn’t very impressive during the last week. In fact, the primary cryptocurrency only booked an increase of slightly more than one percent and is...

The Asia-Pacific markets displayed a positive trend, with gains observed in South Korea, Japan, mainland China, and Australia. The Hong Kong stock market featuring indices like the Hang Seng Index (INDEXHANGSENG: HSI) experienced a notable bullish surge in its recent trading session, as investors eagerly await the US May jobs report. The Hang Seng Index finished 4.02% higher at 18,949.94, creating significant market excitement and investor optimism. According to reports, the consumer...

Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only. Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC). The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Leading digital currency exchange Coinbase is getting ready to release its new Base protocol in late 2023. Coinbase Says It Will Bring One Billion Users Onboard Base is an Ethereum-focused, layer-2 blockchain. The program has been in a testing phase since February of this year, and those in charge are now...

Michael Novogratz, the founder and CEO of Galaxy Digital, believes the crypto space is lackadaisical right now due to low participation from institutional investors. During an interview with CNBC, the American investor said the market lacks enthusiasm as most of the recent activities in the space are coming from retail buyers while large-scale players are withdrawing. “Quite frankly, crypto is lackadaisical, I’d say. There’s a constant bid from retail. We’re seeing it through...

[PRESS RELEASE – Accra, Ghana, June 2nd, 2023] DPAT, the first Web3 crowdsourcing platform designed to connect investors with real estate and infrastructure opportunities in major African cities, has announced the launch of its highly anticipated updated roadmap and revamped website. Positioning itself as a bridge to new emerging economies, the Ethereum-backed Web3 investment platform is set to attract investors, crypto advocates, and entrepreneurs alike by offering a say in...

Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US. Stocks in Europe opened higher today after the US Senate approved a bill to suspend the government’s debt ceiling. Following a 63-36 vote, US lawmakers agreed to raise the debt ceiling to prevent the country’s first-ever debt default. Congress has now sent the approval to President Joe Biden for assent. As of 9:30 am London time this morning, the STOXX Europe 600 climbed 0.7%...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash is attempting a recovery wave above the $112 resistance against the US Dollar. The price is now trading above the $114 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $116 on the 4-hour chart of the BCH/USD pair (data feed from...

Meme coins continue to reign supreme in the market, with tokens like Dogecoin and Shiba Inu demonstrating the incredible power of retail traders. The latest to join this exciting market is Wall Street Memes (WSM) – a new community-driven token that has already amassed over $2 million through its presale. Given its early success, Wall Street Memes is already being compared to the ultra-popular Pepe coin, which produced exponential returns for investors in mid-April. Early...

The cryptocurrency market has boomed over the past decade, with many tokens boasting billion-dollar valuations. With such exponential growth in the market, many would expect many of the thousands of tokens to fail or continually drop in value, but that rarely happens, especially amongst the top 100 tokens. The value of some of these tokens is controlled with the help of burning tokens. Since the beginning  of crypto, many projects have adopted this mechanism to induce...