Markets

Despite falling prices and the overall dying positions of the crypto space, bitcoin bull and gazillionaire hedge fund manager Mike Novogratz recently commented that bitcoin is still a solid asset that’s worth holding. Mike Novogratz Remains Loyal to BTC The crypto space has been suffering heavily over the past few months. The world’s number one digital currency by market cap, for example, reached a new all-time high of more than $68,000 per unit ten months ago in...

Bitcoin has been experiencing a prolonged bear market since the all-time high of $69K in November 2021. The past 24 hours have also proven to be quite a challenge for the cryptocurrency as it dropped below $19,000. Yet, the next few days or possibly weeks are likely to be critical for the mid-term future of BTC’s price. Technical Analysis By Shayan The Weekly Chart Historically, Bitcoin bear markets have concluded after participants underwent a phase of massive capitulation...

SEBA Bank, a leading global crypto bank, simplifying access to the digital assets economy through a suite of fully regulated banking services, has today launched Ethereum staking services, an institutional-grade offering enabling clients to earn staking rewards on Ethereum, the second largest cryptocurrency by market cap. The launch of SEBA Bank’s Ethereum staking services caters to growing demand from institutions to manage a range of digital...

Solana price started a fresh decline from the $34.50 resistance zone against the US Dollar. The price is now trading below $32 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $33.30 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear move below the $30.00 support zone. Solana price is trading below $33 against the US Dollar, similar to bitcoin....

Bitcoin price started a fresh decline below the $20,000 zone against the US Dollar. The price is now trading below $20,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $19,550 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $18,500 level in the near term. Bitcoin price is struggling below $20,000 against the US Dollar. BTC might extend...

21.co, the parent crypto ETF issuer 21Shares, has announced raising $25 million in a funding round led by Marshall Wace. Following the latest capital infusion, the company is now valued at $2 billion. The firm also said that the post-money valuation makes it “Switzerland’s largest crypto unicorn.” The funding round, which was 21.co’s first in the last two years, also saw the participation of Collab+Currency, Quiet Ventures, ETFS Capital, and Valor Equity Partners. The...

Despite the ongoing bear market, the world’s largest cryptocurrency exchange – Binance – continues to expand its team. Henrique Meirelles, who served as Brazilian Central Bank President and Economy Minister of the country, reportedly joined the platform as an adviser. Contrary to Binance, which went on a hiring spree during the crypto winter, many of its rivals dismissed a chunk of their staff in the past few months. Such examples are CryptoCom, Coinbase, Bybit, Gemini, and...

The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately $25.9 million. In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around $167 million. One of the leading crypto mining companies announced that August had been a highly successful month for the firm. In the past four weeks, it increased its...

Jeremy Allaire – CEO and co-founder of Circle – isn’t sweating over Binance’s latest decision to stop supporting trades for USD Coin (USDC).  In a thread on Tuesday, Allaire broke down why he thinks the development is not only good for Binance but ultimately a boon to USDC utility and adoption. Binance Converges Around BUSD On Monday, Binance announced that all of its customers’ existing funds held in USDC, USDP, and TUSD would be auto-converted into Binance USD (BUSD) on...

The love affair between Elon Musk and Dogecoin is continuing. Despite falling crypto prices and a market that’s never appeared more uncertain, Musk has emerged in recent days to say Dogecoin is the only digital currency that’s truly worth anything and that the coin doesn’t take itself “too seriously.” He also praised its “transactional output.” Elon Musk and Dogecoin: A Match Made in Digital Heaven Musk has been much fairer to Doge than he has to assets like bitcoin, for...