Markets

[PRESS RELEASE – Singapore, Singapore, 30th December 2021] Venus Protocol, a decentralized money market on Binance Smart Chain, is celebrating its Mission to Venus contest by boosting the rewards distribution on its new XVS Vault over the next 120 days, offering a big increase in annual percentage yield for stakers of the native Venus token. The MissionToVenus contest launched in December and offered more than $1 million in rewards through various token airdrops, NFT objects,...

Rep. Lee Kwang-jae – a member of the ruling Democratic Party in South Korea – is reportedly planning to receive campaign donations in digital assets. He also intends to issue non-fungible tokens (NFTs) as a receipt for such contributions starting from mid-January next year. Crypto to Fuel Political Campaigns According to a December 30 report by The Korea Held, the cryptocurrencies included in the initiative will be the two biggest by market capitalization – Bitcoin (BTC) and...

December was a tough month for the price of BTC, recording a monthly low on December 4 just below $42K, according to Bitstamp. A little more than one day remains for this year, and it seems that BTC will end 2021 beneath the $50K price mark. Options Market Analysis An important factor that should be considered in options market analysis, especially in noteworthy expiries, is the Max Pain Price. Max pain price is the strike price that brings maximum loss to option buyers....

RadioShack – the out-of-business electronics superstore that we all used to go to for the latest remote-controlled vehicles and other trinkets – has rebranded itself and is now entering the cryptocurrency market. It’s first order of business will be to establish a whole new digital currency trading platform for users to enjoy, suggesting that crypto has indeed crossed into mainstream territory once and for all. RadioShack Has Its Sights Set On Crypto It’s amazing to see...

It’s safe to say that 2021 was a particularly explosive year for the entire cryptocurrency market. It was also one where particularly strong narratives were centered around different segments – a year full of plot changes and various metagames. With this said, as we approach the last hours of the year, we’ve taken the liberty to cherrypick five of the most influential trends during the past 12 months. The below come in no particular ranking as all of them excelled in specific...

Key Support level: $0.000030  Key Resistance level: : $0.000038  SHIB was rejected by the $0.000038 resistance and pushed lower following the market’s downturn that started on Tuesday. The current support is found at $0.000030 and could be retested if the overall market remains bearish. Chart by TradingViewTechnical Indicators Trading Volume: The volume has been low despite the current correction. This gives hope that SHIB can quickly reverse course once buyers return. RSI:...

The leading Russian bank – Sberbank – created a blockchain exchange-traded fund (ETF) tracking prominent companies in the cryptocurrency industry, such as Coinbase and Galaxy Digital. This is the first such product in Russia, which allows local investors to delve into the digital asset market without having to purchase, store, or sell tokens. Russia Has a Blockchain ETF Sberbank disclosed that the exchange-traded fund is called “Sber – Blockchain Economy” and trades under the...

EOS price started a fresh decline from the $3.50 zone against the US Dollar. The price is now trading below $3.20 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $3.15 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend losses if there is a proper close below the $3.00 support. EOS price is showing bearish signs below $3.20 against the US Dollar, similar to bitcoin. The...

Litecoin price is facing resistance near the $150 zone against the US Dollar. LTC price is now trading below $150 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $156 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $140 support zone. Litecoin price is consolidating above $140 against the US Dollar, similar to bitcoin. LTC price...

India’s crypto saga did not have any significant breakthrough this year. As the regulatory climate remained unclear, the country’s market regulator feels mutual fund houses should not come up with fund offers related to cryptocurrency assets. SEBI Not Excited About Crypto NFOs The Securities and Exchange Board of India (SEBI) chairman, Ajay Tyagi, reportedly noted that the regulatory entity does not want the domestic mutual funds to develop any crypto-based new fund offers...