Markets

The launch of APE coin has undoubtedly been the story of the week. The cryptocurrency hit the public markets on Thursday after being airdropped to holders of NFTs associated with the Bored Ape Yacht Club (BAYC). It appears that large Ethereum holders are betting big on the token as well. Two of the largest Ethereum whales snagged a considerable number of APE a couple of days back. The transactions were flagged by popular whale-tracking resource WhaleStats. The first address...

No matter how bad the price gets, Elon Musk – the famed South African billionaire behind companies such as Tesla and SpaceX – says he will not sell his digital currency. Elon Musk Loves His Bitcoins The price of bitcoin has experienced some rather rough fluctuations throughout the first few months of 2022. The currency had hit a new all-time high in November of last year, exploding all the way to $68,000 per unit. Unfortunately, while everyone thought for sure that the...

Positive momentum has been setting foot over the last 48 hours, and ETH is no exception – ending this week with a green candle. But the main question is whether the bear market is over or how confident the participants are about the reversal of the downtrend. Technical Analysis The Daily Chart: Technical Analysis By Grizzly Ethereum is forming a very bullish structure on the daily chart. The second-largest cryptocurrency has made a robust weekly green candle as well. As...

Allerdings hat es nichts mit dem Freedom Convoy zu tun, der Kanada zuletzt auf die Titelseiten brachte. Die kanadische Provinz Ontario hatte schon letztes Jahr neue Regulierungen angekündigt, die auch Crypto-Börsen betreffen. Nun hat Binance veröffentlicht, diese Regulierungen nicht erfüllen zu können; stattdessen zieht man sich komplett aus der Provinz zurück. Crypto News: Binance in Ontario nicht mehr verfügbarNachdem der Staat mehrfach daran scheiterte Cryptocoins selbst zu zensieren,...

After dipping to $40,000 yesterday, bitcoin went on the offensive and tapped $42,000 to mark a near 10-day high. The altcoins have also turned green today, with Ethereum eyeing $3,000 and Avalanche soaring by over 9%. Bitcoin Sees a 9-Day High The primary cryptocurrency experienced enhanced volatility last week when it suddenly pumped by $3,000 in minutes from $39,000 to nearly $42,000. However, the situation reversed shortly after, and the asset retraced just as quickly to...

What’s worse than having money in your account and then suddenly receiving an email saying that you can’t access it because it presumably comes from illicit activities? That is what happened to a group of young Colombians who used to trade crypto in Binance —and they are not too happy about it. For more than five months, a group of Colombian users has reported on social media that their accounts were blocked by Binance because they had received money from illicit activities,...

Piyush Gupta – CEO of Singapore’s largest financial institution DBS Bank – believes cryptocurrencies could turn into an alternative to gold and its role in the current financial system. However, he doesn’t think digital assets could become “money as we know it.” Bitcoin on the Same Level as Gold DBS Bank’s top executive aired his thoughts on several popular cryptocurrency topics during a recent interview for The Economic Times. Similar to many proponents of the asset class,...

Russia’s central bank granted the country’s largest lender Sberbank a license to issue and exchange digital assets. The latest move opens new avenues for the nation’s economy hammered by western sanctions. The Approval According to the official statement, local companies will be able to issue their own digital assets to lure market investments, purchase digital assets through Sber’s system, or make other such transactions under the new license. The lender also stated that it...

“The LBank Show” successfully aired its first episode via Youtube. LBank is one of the top crypto exchanges in the world, which has officially been in the market since 2016. The platform has inaugurated a show titled “The LBank Show” for the industry leaders and innovators to connect with crypto enthusiasts. The guest of the first episode is Allen Wei, Global CEO of LBank. He shared his experience and thoughts of the crypto world, meanwhile answering questions from LBank...

This week was action-packed, and even though the broader cryptocurrency market managed to recover some of the losses from the previous period. Bitcoin maintains relative stability around $40K and seems to have reclaimed the level. Let’s unpack. Bitcoin was sitting at around $39,000 this time last week, and we saw little to no action for quite a while. On Monday, the price dipped below $38K, but the bulls were quick to step up, and all losses were recovered by the end of the...