Markets

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...

Ethereum co-founder Vitalik Buterin was recently interviewed on the state of the crypto markets, and the future of blockchain technology. He predicted that crypto market volatility will slow to that of gold and stocks in the medium-term – though he doesn’t know at what price.  The developer also spoke about proof of work, proof of stake, and the reluctance of Bitcoiners to embrace the latter.  Where Will Crypto Settle Down? In an interview with blogger Noah Smith, Vitalik...

The past seven days didn’t turn out very well for the broader cryptocurrency market as the total capitalization decreased by roughly $60 billion. It was a week filled with ups and downs, so let’s unpack. This time seven days ago, Bitcoin was trading slightly below $21K, but things quickly took a turn for the worse. The cryptocurrency decreased to $20K and eventually fall below this critical level on Monday, August 29th. It was then the back and forth started. On Tuesday, BTC...

Australia and crypto are becoming a huge pair, which is why so many people in the nation flocked to the Celsius Network earlier in the year to obtain potential interest on their coins. Thus, we can understand that many of them are not too happy about what’s occurred with Celsius over the past few weeks. Celsius Customer in Australia Are Going Through a Tough Time Things got off to a very rocky start when the crypto lending platform decided to halt all withdrawals a few...

[PR – Singapore, Singapore, 2nd September, 2022, Chainwire] Unlocking access to pre-public markets is one step closer to reality with prePO’s upcoming governance and utility token launch. prePO, the first decentralized trading platform for pre-IPO stocks and pre-IDO tokens, has announced its PPO Token Presale, commencing September 20th on Arbitrum. PPO is prePO’s governance and utility token, designed to incentivize high-quality, active participation and long-term alignment....

[PR – Singapore, Singapore, 1st September 2022, Chainwire] Founded in 2021, Mintology is launching a new concept to the market this year, allowing brands of any size to connect with customers, fans and prospects by giving away NFTs at no cost. The NFTs are used as a claimable and marketing tool. The initiative was launched alongside the largest global NFT conference, NFT NYC. At the conference, some of the largest players in the NFT world show off their various products....

August’s monthly candle closed in the red. However, it was a month filled with volatility where the bulls dominated the market until the middle of the month and managed to record a high of $2031. At that point, bears intercepted and pushed the price towards $1420. In any case, all eyes are now on September as we enter the month when the Merge is expected to take place. Technical Analysis By Grizzly The Daily Chart In the daily timeframe, buyers appeared strong this week. They...

Bitcoin cash price started a fresh decline from the $140 zone against the US Dollar. The price is now trading below the $130 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $124 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $112 and $110 support levels. Bitcoin cash price is moving lower below $130 against the US Dollar, similar to...

Binance CEO Changpeng Zhao (CZ) recently released a statement on Binance blog to demystify the company’s relationship with China.  He asserted that Binance is not a Chinese company, and that conspiracy theories of a Chinese employee secretly running the business are untrue.  CZ’s History With China In the statement published on Thursday, CZ began by recounting his personal history with the China. He and his family fled from the nation to Canada when he was 12 years old, only...

The implosion of the South Korean stablecoin project Terra may have dented general sentiment towards the industry, but that has not stopped the second-largest city in the country from pursuing ambitious crypto and blockchain goals. Busan has announced a partnership with FTX to build blockchain-powered business solutions in the coming months. As part of the deal, Sam Bankman-Fried’s exchange will work with Busan city to assist in the development of Busan Digital Asset Exchange...