Markets

[Featured Content] Stablecoins have become extremely popular in the last few years, given their backing with real-world assets, offering better liquidity as well as protection against volatility. In theory, these coins, with their fiat currency backing, are a great way to promote crypto among the masses. Being backed by a fiat currency means that a stablecoin such as USDT will automatically adjust its price by rebasing according to the USD price during fluctuations in the...

Coinbase – one of the world’s largest and most popular cryptocurrency exchanges – has acquired a Dallas, Texas-based crypto startup known as Zabo. Coinbase Gets Its Hands On Zabo Zabo is a relatively new firm, with its seed funding round occurring just last year in 2020. At that time, the company managed to raise more than $2.5 million thanks to the leadership of financial enterprises like Austin’s Moonshots Capital. It was one of the firm’s first blockchain-based...

According to SEC officials, Poloniex and its employees operated the trading platform by prioritizing profits over compliance. Poloniex, a digital asset trading platform has agreed to a cease and desist order from the United States Securities and Exchange Commission (SEC) and is also set to pay over $10 million in settlements for charges against the operation of an unregistered exchange. According to the order as contained in a Press Release from the SEC, Poloniex did not agree to the charges...

The duo of Bitcoin and Ethereum has a unique price correlation that sees a slip in one asset rub of on the other and vice versa.The broader digital currency ecosystem is seeing a tremendous face-off between the bulls and the bears as price volatility wars stir an upshoot in some digital currencies, it has fueled a slip in others like Ethereum. While Bitcoin (BTC) is currently trading at a gain of 1.96% to $45,705.44, Ethereum (ETH) is down by 0.12% to $3,122.50.The EIP 1559 Upgrade Sentiment...

The business niche Deliveroo operates in has many rivals, with the biggest including Delivery Hero.The shares of British online food delivery company Deliveroo PLC (LON: ROO) is trending upward today on the news that German rival, Delivery Hero SE (ETR: DHER) has taken up a 5.09% stake in the business. According to a CNBC report, the Delivery Hero stake is valued at about £400 million and was made at the last trading day of the past week.While the exact size of the investment is not...

With the goals of increasing TVL, adding liquidity, attracting traders, and boosting platform stability, Phoenix Finance is working towards providing the best conditions possible to attract more users to its platform and grow within the DeFi sector.The success of DeFi in the past 12 months has been remarkable, with the amount of funds in DeFi protocols rising to over $40 billion.DeFi protocols are now providing a vast array of financial services like borrowing and lending of funds, trading...

Stellar lumen price started a decent increase above the $0.2800 resistance against the US Dollar. XLM price is now trading near $0.2800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2760 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase as long as it is above the $0.2700 support zone. Stellar lumen price is showing positive signs above $0.2700 against the US Dollar,...

Ripple price gained traction and it rallied above $0.7500 against the US dollar. The price is now trading well above the $0.7500 resistance and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.7500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $0.7000 support zone. Ripple price is trading in a positive zone above $0.7500 against the...

Ethereum is surging like crazy as of late. Many investors are piling into the world’s second-largest cryptocurrency by market cap and the primary competitor to bitcoin after its newly scheduled upgrade took place. The upgrade is simply going by the codename “London” at the time of writing. Ethereum Is Booming! Over the past day alone, Ethereum has surged by more than eight percent. It appears the currency’s rally is allegedly helping its fellow altcoins, such as BNB –...

BTC has continued to push up with impressive spot volume hitting an intraday high of $45.3k even during weekend trading. The cryptocurrency is now testing one of the most critical levels of resistance at the 200-day moving average. Successfully reclaiming this level will trigger a significant buy signal in technicals, likely encouraging large momentum traders and other market participants to enter the market, further adding to buying pressure in an already supply exhausted...