Markets

Bitcoin will help New York to send a message to the world that the city is open to adopting new and innovative technologies, said mayor Eric Adams. He also showed no regrets about receiving his first paycheck in BTC amid the market meltdown. Bitcoin Sends a Message Ever since last year’s elections, Eric Adams has displayed a pro-cryptocurrency approach, insisting that he will receive his first paychecks in BTC and also transform the Big Apple into a bitcoin hub. While his...

INTERNET CITY, DUBAI, Jan. 20, 2022 – LBank Exchange, a global digital asset trading platform, will list Galaxy Coin (GALAXY) on January 27, 2022. For all users of LBank Exchange, the GALAXY/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 27, 2022. The private Aerospace industry has been steadily growing in recent years, but the emerging companies in this industry are still facing enormous amount of capital needed to advance their...

While the crypto market was bleeding heavily on Friday, Solana experienced another network hiccup that caused panic among traders and DeFi users across the crypto community. 48-hour Solana Network Outage The Solana network has suffered multiple issues within the last few months, and this current incident is the second in January. But unlike other occasions, the latest outage lasted about 48 hours. The Solana team said they first noticed the hiccup on Friday, January 21 2022,...

Users will soon view ‘MetaFi’ as an all-in-one solution for their crypto needs. Crypterium, the crypto banking app with over 650,000 active customers and a turnover of more than €250 million in 2021, is building Choise.com. Choise.com is the world’s first crypto service to combine all the benefits of CeFi and DeFi (centralised and decentralised finance) into one system. Crypterium has coined the term ‘MetaFi’ to represent its latest innovation available to over 100...

The Friday crash had driven ETH below $2,500, wicking at $2,300 – a price not seen since July 2021. Key Support levels: $2,300, $2,000. Key Resistance levels: $2,500, $2,750, 3,000 This week’s market carnage was not kind to ETH, which recorded a daily close below $3,000 for the first time since the end of September. Furthermore, ETH saw a low of $2,300 on Bitstamp, at the peak of the collapse. Since yesterday, ETH was able to rebound till encountering the $2,500 support...

Memes are part of internet culture, but they are therapy for Bitcoiners and crypto traders whenever the market crashes. The Crypto Meme Culture While there are thousands of memes flying around to comfort crypto holders, some of the top-notch memes are those that subtly devalue the efforts of service employees working nine to five jobs in companies like McDonald’s. Anyone interested in crypto for a while and active on Crypto Twitter or any other crypto community must have come...

[PRESS RELEASE – Please Read Disclaimer] Greetings Credefians! We are excited to share with you that our Testnet platform is live and doing great. We are thankful for your participation and impatiently looking forward to receiving feedback on your platform experience. Remember, our Mainnet Launch at the end of January is approaching! As you already know, Credefi opens the doors for investors and SMEs to participate in permissionless lending and borrowing. Our platform enables...

The past hours saw a massive sell-off, causing an unexpected and enormous plunge to sub-$40K in the price of Bitcoin. The onchain data is showing an absolute capitulation phase in the market, which was intensified by long-term holders just before the crashing to $35K. Long Term Analysis: The Daily Chart Yesterday, Bitcoin lost a critical support range at $37K – $40K. As shown in the chart below, before the price decline beneath $40K, both 50-DMA and 100-DMA lines have crossed...

The cryptocurrency market lost over $400 billion worth of its capitalization in the past few days alone. The total market cap currently sits below $1.7 trillion. This came as most of the coins are down tremendously in the past week. Ethereum is down 27.7%, BNB is down 27.8%, ADA is down 17.6, SOL is down 36.2%, and so forth. Bitcoin’s price is currently sitting around $35K and has lost almost 20% in the same time frame. From a technical perspective, it’s important to note...

Amid the current market crash, $1 billion worth of USDT was transferred from Tether’s treasury to Binance. The past couple of days were particularly devastating in both the cryptocurrency and the legacy markets. During Saturday’s trading session, Bitcoin’s price crashed to a low of around $34,000 on Binance, and it’s currently trading at around $35K, struggling to hold above that level. Now, Whale Alert detected that $1 billion worth of USDT was transferred from the Tether...