Markets

The United States-based cryptocurrency exchange Kraken predicted that bitcoin could increase to almost $100,000 by the year’s end and could even surpass that mark, according to some technical instruments. Bitcoin Is Set Towards New Heights In its “October 2021 Market Recap & Outlook,” the veteran platform – Kraken – explained its bullish prediction with past events. It pointed out that Q4 is usually a highly successful period for bitcoin. As such, if the leading digital...

The bears continued to push bitcoin south in the past 24 hours, and the asset dropped to a weekly low of just over $62,000. Most altcoins are also in the red, with Litecoin losing the most value in a day. Bitcoin Saw a Weekly Low Just a few days ago, the primary cryptocurrency broke its previous ATH two times in a row, and the latest peak came at $69,000. As the community was anticipating another run up to $70,000, the entire landscape changed. Instead of going upwards,...

USDC issuer Circle has declared support for the Presidential Working Group on Financial Markets’ proposal to regulate fiat-backed cryptocurrency issuers like banks, stating that the move would foster ecosystem growth. Jeremy Allaire, CEO of Circle, told Yahoo Finance that it is imperative to regulate stablecoin issuers because the growth of such tokens could see the asset class widely adopted by many. “We’re supportive of that recommendation. We think [this] represents...

The cryptocurrency market had a tumultuous week where many projects went up considerably and then stalled and declined. Starting with Bitcoin, this time last week, the price was hovering around $61K, but it had no plans of staying there for long. BTC started climbing immediately and by Monday, it was above $65K. This continued and on Wednesday, propelled by fresh inflation woes, the cryptocurrency charted its current all-time high around $69,000. Unfortunately, right after...

The NFT marketplace of the leading cryptocurrency exchange will host the digital collections of soccer legends such as Alessandro Del Piero, Christian Vieri, and Gabriel Batistuta. With the growing demand for non-fungible tokens, Binance launched such a marketplace earlier this year and has already become the home of many digital collections, including some from the soccer space. The company announced the latest NFT set to go live on its platform in a press release seen by...

The Q3 woes have not hindered FTX.US from posting impressive figures for the same time period. As a matter of fact, the platform claims to lead all crypto asset exchanges in the United States with respect to liquidity. FTX.US’ Volume Soars More Than 500% According to the latest report, the average daily volumes of FTX.US have surged by an astonishing 512% in its Q3 than the previous quarter. The metric even increased to $807 million during a 24-hour period on the 7th of...

[PRESS RELEASE – Gainesville, USA / FL, 12th November 2021] Blue Monster Games, the gaming studio behind the non-fungible token (NFT) driven Kart Racing League, has announced the public sale of their highly anticipated $KRL governance token will start on Friday, November 12th at 2:00 PM UTC. Kart Racing League will be amongst the first 3D NFT-based games to market this year, combining the play-to-earn and evolution features of Axie Infinity, with the addictive game-play of...

Bitcoin cash price started a fresh increase above the $600 zone against the US Dollar. The price is now trading above the $650 zone and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $710 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $710 for a sustained move higher towards $650. Bitcoin cash price is showing positive signs above $650 against the US Dollar, similar...

Ethereum, over the past few months, has had a habit of garnering more praise and attention than bitcoin, the world’s largest and most popular digital currency by market cap. The currency is now getting even more praise from the likes of Rahul Rai, a digital currency hedge fund manager who believes that the asset will overtake bitcoin as the number one virtual asset before 2023. Ethereum Is Going to Flip BTC, Says Rai Rai thinks Ethereum will potentially hit the number...

Months after indicating plans to expand the USDT stablecoin support to Avalanche blockchain, popular stablecoin issuer Tether has finally launched its dollar-pegged cryptocurrency on the eco-friendly network. USDT Now Available on Avalanche With USDT launching on Avalanche, users can now transfer the largest stablecoin by market capitalization at a relatively lower cost, and the transactions will be settled instantly, as Tether’s CTO, Paolo Ardoino, explained: “We’re excited...