Markets

CV VC, the Swiss-headquartered global blockchain investor reports distinct heating up in blockchain, as startups prove their utility benefit and positively impact the way the world transacts and interacts. CV VC has recently: Optimized its existing portfolio with new funding, such as in Proof of Impact which has just closed a USD 6m raise Opened CV Labs in Cape Town, South Africa, and will follow suit in Berlin, Germany Invested in 12 African startups that possess more utility in their...

Bitcoin’s dominance is steadily declining and now fell below 40%, now standing at 39.05%. This came as a result of Ethereum outperforming the top cryptocurrency by market cap due to its price increase before the long-awaited merge. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $24,095.98, while Ethereum, the second-largest cryptocurrency by market capitalization, has risen to $1,895.48, up 11.47% in the last week. The top...

Coinbase – the largest cryptocurrency exchange in the United States – will temporarily suspend Ethereum-based deposits and withdrawals during September’s “merge” upgrade.  The exchange posted a blog post on Tuesday explaining what to expect from both Coinbase and Ethereum following the network’s long-awaited transformation.  Ensuring a Smooth Transition Per Coinbase’s announcement, the suspension – which will impact all on-chain ETH and ERC-20 token movements – is to ensure...

Compound Labs has announced the first smart contract deployments for Compound III, which will create a USDC market on Ethereum.  The contracts await activation by Compound governance but are now open to review by the community.  According to the latest update from Compound’s protocol development log, the deployment brings Compound III “just a governance proposal away from being live.” One of the smart contracts involved is a ‘configurator’, which will allow Compound to set...

Crypto lending platform Celsius Network has been in the news several times over the past few weeks. The company has made repeated headlines given that it took a big step towards centralization and ultimately paused all customer withdrawals as a means of coping with ongoing market volatility. Celsius Is Filing Bankruptcy Sadly, things didn’t quite stop here. Word has since been received that Celsius is now entering bankruptcy proceedings, hinting that maybe this crypto...

A new poll is suggesting that most people think bitcoin will hit $10,000 per unit in the coming weeks and months rather than $30,000. Will Bitcoin Fall Down to $10K? The survey in question asked, “What do you think bitcoin will do first? Hit $30K or $10K?” Many of the survey respondents said that the latter number would be struck, suggesting sentiment surrounding bitcoin in recent weeks has become rather negative. The world’s number one digital currency by market cap is...

ADA price started a fresh increase above the $0.54 resistance against the US Dollar. The price is now trading above $0.54 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.536 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it stays above the $0.530 support zone. Cardano price is showing positive signs above $0.530 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price started a downside correction from the $2,000 zone against the US Dollar. ETH price is now trading above $1,800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,820 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,780 zone. Ethereum price is correcting lower below $1,900 against the US Dollar. ETH/USD could rise again...

Digital banking platform, Revolut has been awarded authorization by the Cyprus Securities and Exchange Commission (CYSEC) to expand its crypto services across the European Economic Area (EEA). According to a new report, Revolut has become the first entity to be awarded crypto-asset service provider (CASP) from the regulator of the island country. The news comes amidst its ongoing hiring spree despite a lackluster market. Cyprus’ Crypto Authorization With the new...

Many projects introduce a deflationary mechanism in their tokenomics. For a large part, this is usually done through a so-called token burn. Binance is undoubtedly the most famous industry participant in removing chunks of its native cryptocurrency (Binance Coin – BNB), and the way they do it has changed throughout the five years of its existence. So far, the exchange has burned billions of dollars worth of BNB, pursuing its goal of reducing the token’s total supply by 50%....