Markets

Despite pushing the price higher earlier in the week, the bulls have lost momentum as the days went on. As the date of the Merge approaches and the Ethereum market grows hotter, speculation about the future of the price has reached its peak. Technical Analysis By Grizzly The Daily Chart The formation of lower highs and lower lows suggests a bearish structure. The recent bullish leg stalled when it reached the resistance of the 20-day moving average line (in yellow). However,...

It’s been over 9 months since Bitcoin’s all-time high at $69K in November 2021. The cryptocurrency continues its gruesome downtrend and has yet to show any signs of recovery. The market is currently quiet, but next week’s price action could be key to determining the mid-term future. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent...

It appears that the bears are slowly taking control over the market in the short term as the primary cryptocurrency trades below $20K, and the majority of other coins look indecisive at best. Of course, there are certain exceptions. Bitcoin Losing $20K The $20,000 level is one of significant importance. Apart from being a psychological mark, it also contains technical and fundamental support, being the high of the 2017-2018 bull market. With that said, BTC has been flirting...

Leading cryptocurrency exchange Binance has identified two suspects who may be responsible for the theft of $265,000 from decentralized exchange (DEX) protocol KyberSwap in an exploit earlier this week.  Binance CEO Changpeng Zhao (CZ) disclosed the findings on Twitter today, noting that the company has shared the intel with KyberSwap and the appropriate law enforcement agencies.  KyberSwap Suffers Frontend Attack On September 1, the DEX protocol suffered a frontend security...

Coinbase – one of the largest and most popular digital currency exchanges in the world – is teaming up with investing giant BlackRock to give its customers the opportunity to trade digital assets. Coinbase and BlackRock Join Hands Joseph Chalom – global head of strategic ecosystem partnerships at BlackRock – explained in a recent interview: Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to...

Citing legal issues it’s facing in some European countries, Singapore-headquartered CryptoCom has backed out of a $495-million sponsorship deal with Union of European Football Association (UEFA) Champions League. Regulatory Issues Behind Scrapping of Deal The cryptocurrency company that offers trading, DeFi, and wallet services, among others, was set to replace Russian oil major Gazprom as the sponsor for the next five seasons, up to 2027. UEFA ditched the deal with Gazprom...

Binance.US – the American division of Binance, arguably the largest and most popular digital currency exchange in the world – has removed the Amp token given that the Securities and Exchange Commission (SEC) views the asset as a potential security. Binance does not want to get in the middle of what could be a huge legal fight and is apparently removing the token from its listings altogether. Binance Says “No” To Amp Listing There is growing concern as of late about the...

The total cryptocurrency market capitalization dropped below $1 trillion on Saturday as the majority of altcoins are bleeding out. Bitcoin also dropped below the coveted $20,000 as the bulls failed to produce any meaningful increases. Bitcoin Below $20K The primary cryptocurrency has failed to chart any notable increases in the past 24 hours and is down some 1.3%. The bulls attempted to push the price upwards on a few occasions but were unable to do so. Eventually, this...

INTERNET CITY, DUBAI, Aug. 31, 2022 – LBank Exchange, a global digital asset trading platform, will list Vanesse (VNES) on September 5, 2022. For all users of LBank Exchange, the VNES/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on September 5, 2022. Utilizing the power of blockchain technology, Vanesse (VNES) builds a reliable auction ecosystem that allows users to participate in auctions of various products anytime, anywhere conveniently...

BlackRock – the world’s largest asset manager – has partnered with Kraken’s subsidiary CF Benchmarks to assist with its newly established Bitcoin Trust.  According to a report from The Block, BlackRock’s Bitcoin product will be benchmarked using CF Benchmark’s indexes.  CF Benchmarks is a member of the Crypto Facilities Group, of which is part of the Payward Group. Payward owns and operates Kraken, one of the oldest and largest crypto exchanges.  CEO Sui Chung said that...