Markets

Bitcoin took another hefty fall in late August. The world’s number one digital currency by market cap fell to just over $20,000 following the speech given by Jerome Powell of the Fed in which he talked about the state of the economy. Bitcoin Is Continuing to Experience Bearish Trends Powell hinted that more rate hikes were likely in order, meaning bitcoin is set to suffer further at the hands of what can only be considered, at this point, to be an extremely incompetent...

Bitcoin cash price started a fresh decline from the $125 zone against the US Dollar. The price is now trading above the $115 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $120 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a recovery wave if there is a clear move above the $120 and $125 levels. Bitcoin cash price is recovering from the $105 zone against the US...

Uniswap Foundation, the organization that oversees the development of the largest DEX in the world, has stated that its first wave of grants sums up to almost $1.8 million total. According to the official announcement, the grants vary in size and scope and are spread across three areas – protocol growth, community growth, and governance stewardship. Uniswap Diamond Uniswap Diamond is heralded as one of the most ambitious initiatives to be funded by Uniswap Grants. All...

Michael Saylor – Co-Founder and Chairman of the business intelligence software MicroStrategy – predicted that bitcoin’s price will reach its all-time high levels from November 2021 (approximately $69,000) “sometime in the next four years.” Over the years, the 57-year-old entrepreneur has presented himself as an outspoken supporter of the leading cryptocurrency, while his company is the largest BTC corporate holder. Earlier this week, it accumulated additional 301 coins,...

Recent technical signals suggest bitcoin could be due for a breakout soon, something that’s sure to make investors everywhere squeal with joy. Bitcoin Might Be Coming Back Soon The crypto space has been doing rather poorly as of late, with bitcoin – the world’s number one digital currency by market cap – leading the way into the doldrums. BTC has crashed by more than 60 percent from its November 2021 all-time high of $68,000, and the crypto space has lost more than $2...

As predicted, the FOMC-mandated 75 bps rise negatively impacted traditional and cryptocurrency markets. Ethereum (ETH) dived 13%, dropping towards the $1200 level, recording its lowest level since mid-July. Technical Analysis By Grizzly The Daily Chart ETH is currently trading amid a critical support zone between $1230 and $1280 (in green), along with the 0.618 Fib Retracement level at $1210 (in yellow). After reaching this Fib level, ETH quickly climbed back by 6% earlier...

The California-based cryptocurrency exchange – Coinbase – reportedly appointed at least four Wall Street traders and established a group to use the company’s own funds to trade cryptocurrencies. Undisclosed members of the platform described the activity as “proprietary” trading. On another note, the company received regulatory approval from the Dutch Central Bank to start providing its products and services on the domestic market. The $100 Million Test Transaction According...

Many new ideas have just come onto the market in recent years. There have been both very innovative and truly revolutionary ideas. This has changed the market and some novelties have even triggered a real hype. These include bitcoin casinos, among others. Online casinos have been enjoying a steady rise in popularity for a long time. However, with each innovation, they experience even more hype. The cryptocurrencies like Bitcoin and Ethereum have caused major changes in...

[PRESS RELEASE – New Jersey, USA, 21st September 2022] Oraichain Labs US (OLUS), a new FinTech startup founded in the United States, is launching with the goal of modernizing and broadening access to capital markets by establishing itself as a leader in asset fractionalization. OLUS will develop a secure, scalable, and compliance-focused infrastructure, with the goal of leveraging the transformative power of decentralized ledger technology to streamline the process for both...

[PRESS RELEASE – Majuro, Marshall Islands, 21st September 2022] What’s better than low fees? No fees. Gate.io is excited to announce ZERO trading fees on most spot and contract market trading pairs. The no-fee structure was launched in two phases, first on September 16 (UTC) and then on September 20 (UTC), for spot and other markets, respectively. After a breakthrough year for the exchange, this radical change in fees is an ambitious move to give back to the crypto community....