Markets

The State Bank of Pakistan (the nation’s central banking institution) and the Federal government are reportedly contemplating imposing a complete ban on all cryptocurrency endeavors. The authorities claimed that digital assets are illegal, are not able to facilitate trade activities, and could be used to finance acts of terrorism and launder money. Pakistan to Ban Crypto? Last October, the Sindh High Court urged the Pakistani government to regulate the cryptocurrency space...

INTERNET CITY, DUBAI, Jan. 12, 2022 – LBank Exchange, a global digital asset trading platform, will list Woonkly Power (WOOP) on January 17, 2022. For all users of LBank Exchange, the WOOP/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 17, 2022. NFT (Non-Fungible Token) market has become one of the most successful markets in the crypto space as its value and popularity have been growing exponentially in recent years. As a...

According to Guido Buehler – Chief Executive Officer of the Swiss-based SEBA Bank – bitcoin will reach a new all-time high in 2022. The exec believes institutional investments will be the main factor for such a price surge. Additionally, the digital bank raised $120 million in a Series C funding round co-led by DeFi Technologies and Alameda Research. The organization vowed to use the funds to expand into new markets globally and increase the product offerings. BTC to Touch...

[PRESS RELEASE – Please Read Disclaimer] Cardano’s price analysis for the day shows a significant bullish outlook, as the price has risen to a level of $ 1.26 in the last 24 hours. Going up more than 10 percent. Rocket continues to move high, as the team aims towards the $1 mark. RocketPad team launching the first glance of its IDO LaunchPad makes things look extremely good for everyone joining in. It could be right time to buy Rocket at the presale market. Rocket Token...

EOS price started a fresh decline from the $3.20 zone against the US Dollar. The price is now trading below $3.00 and the 55 simple moving average (4-hours). There was a break above a key declining channel with resistance near $2.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend recovery if there is a clear move above the $3.00 resistance. EOS price is showing bullish signs above $2.80 against the US Dollar, similar to bitcoin....

Although the price of bitcoin fell recently, it has still managed to be one of the best performing financial assets of the year. The cryptocurrency has managed to have an amazing year in general, reaching all-time highs twice during the year. Over the year, the cryptocurrency first reached an all-time high during the Spring, when it was selling for almost $64,000, followed by another all-time high of Fall, with over $69,000. The cryptocurrency managed to perform better...

2TM Group, the parent company of Brazil’s largest cryptocurrency exchange Mercado Bitcoin, reportedly acquired a controlling stake in Portuguese-based digital asset trading venue CriptoLoja. Last year, the latter became the first platform in Portugal with an official license as a “virtual asset service provider.” Pushing into Europe According to a January 12 report by Reuters, the Brazilian organization, valued at approximately $2.2 billion, declined to disclose the terms of...

Following a bloody start to the new year of 2022, including a dip below $40K, Bitcoin finally sees some green. This analysis will determine if a local bottom was found and some relief to the bulls. Options Market Analysis This coming Friday, January 14th, approximately $690 million worth of bitcoin options contracts will expire on Deribit’s exchange, with a max pain level of $44K, as can be seen below. Currently, the put options open interests are significantly high, which...

Leading Ethereum layer-2 scaling solution, Polygon, announced today that the much-awaited Ethereum Improvement Proposal (EIP) 1559 upgrade will go live on the mainnet next week. Polygon’s London HardFork Set to go Live In an official announcement on Wednesday, the India-based project noted that the upgrade, which will initiate the burning of MATIC, is scheduled to go live on the mainnet on January 18, 2022 at about 8 a.m. UTC. The EIP-1559 upgrade, commonly known as the...

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