Markets

Bitcoin price started a fresh increase above the $60,000 resistance against the US Dollar. The price is now trading above $62,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $62,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is showing positive signs and it could continue to rise above the $65,000 level. Bitcoin price is gaining pace above $60,000 against the US Dollar. BTC...

One of the leading European economies – France – has reportedly fulfilled its 10-month experiment aiming to test how a central bank digital currency would interact with its debt market. The financial services company Euroclear led the project, in which some of the nation’s largest banks took part. France Pushes for a CBDC Last year, Banque de France – the country’s central bank – collaborated with the Belgian financial services company Euroclear and many of the leading French...

Coinbase is one of the largest cryptocurrency exchanges in the world. There’s no denying that, but sometimes, even the big dogs can be outdone by little pups as Dydx has shown. Dydx Is Looking to Be the Best of the Best Dydx is one of the globe’s newest crypto trading platforms. The company is only about four years old, and yet its daily trading volume is larger than anything Coinbase has experienced in recent days. Based in San Francisco, CA, Dydx recorded a trading...

As we all remember, Elon Musk and Tesla shocked the world when back in February, they purchased approximately $1.5 billion worth of bitcoin, the world’s most popular digital currency by market cap. The company was one of the first institutions to add the digital currency to its balance sheet. Today, that $1.5 billion is worth approximately $2.5 billion, meaning Musk and Tesla have grown by about $1 billion in just eight months. Elon Musk Made the Right Choice to Hold...

One of the most successful teams in the history of the NBA – The Los Angeles Lakers – announced an official team sponsorship with Socios.com. Thus, the latter doubled down on its expansion strategy into the US market. The Lakers Joining The Crypto Space According to a recent announcement, the leading global blockchain provider for the sports and entertainment industry – Socios.com – will be the presenting sponsor of the Los Angeles Lakers Facebook Group from the beginning of...

[PRESS RELEASE – Please Read Disclaimer] The cryptocurrency space has seen many dominant trends in the past several years. From ICOs taking the main stage in 2017 to decentralized finance in 2020 and NFTs this year. The past several months saw the emergence and rapid popularity increase of the play-to-earn applications, enabling users to benefit from the near-real-life experience and in-app benefits. dotmoovs, a play-to-earn blockchain-based platform aiming to gamify sports,...

ADA price is struggling to clear the $2.18 and $2.20 resistance levels against the US Dollar. The price is now trading below $2.20 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2.21 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase unless there is a break below $2.05. Cardano price is struggling below the $2.20 resistance against the US Dollar, unlike bitcoin. ADA price...

[Featured Content] The cryptocurrency market has expanded disproportionally throughout the past year and it’s currently valued at more than $2.4 trillion. What used to be a small niche industry is now a force to be reckoned with and more people are jumping on the bandwagon Data from CoinGecko reveals that the daily trading volume is also in the hundreds of billions, showcasing a serious interest when it comes to trading cryptocurrencies. This has especially been the case in...

Coinbase – one of the biggest and most popular cryptocurrency trading platforms in the world – has announced it is developing an entire marketplace devoted to non-fungible tokens (NFTs). Coinbase Is Growing Through Its New NFT Market The non-fungible token world is growing every day. With so many sports-related events and even artwork now being tied to NFTs, individuals have found a way to ensure all their memories and important moments are recorded permanently to the...

Binance recently completed its 17th token burn. Over 1 million BNB were removed from circulation, comparable to previous burns. However, due to increased token value, this is the highest value burn of BNB to date. Binance announced the recent burn on their site earlier today – the 17th burn since the first in October 2017. According to the exchange, 1,335,888 BNB were removed. In dollar terms, this equals $639,462,868 at the time of the burn. Specifically, 1,318,049 BNB were...