Markets

BTC entered a near-term pullback after reaching overbought conditions at $42.6k last week. The price fell for four consecutive days, wiping out leveraged longs upon every new intraday low. What Happened During the Recent Pullback With 10 consecutive daily candles higher, extremely overbought conditions on the 4-hour and daily chart, the price at technical resistance, and the third-largest whale sending 3000 BTC to Coinbase, the market was flashing a major signal of a local...

Zabo announced that it would join the digital asset platform Coinbase. However, the statement did not specify the terms of the deal, and the amount paid remains unrevealed. Coinbase’s New Acquisition According to a blog post, Zabo – a Dallas-based cryptocurrency data aggregator – will become part of the Nasdaq-listed exchange Coinbase. The Co-Founders of the start-up Christopher Brown and Alex Treece, commented: “We are very excited to join Coinbase, which has done more than...

Just a few days after filing a motion to receive access to “obtain international discovery” of records belonging to Binance, US Magistrate Judge Sarah Netburn has approved Ripple’s request. The documents should shed some light on the company’s XRP sales made on the exchange. Through its legal team, Brad Garlinghouse, the CEO of Ripple, filed a motion in the Southern District of New York on Monday (August 2nd) to request documents relevant to the ongoing legal case against the...

Founded back in 2018, Zabo provides developers with an application programming interface (API) to connect to any cryptocurrency exchange, digital wallet, protocol, or account seamlessly.Coinbase Global Inc (NASDAQ: COIN) stock closed Wednesday trading at $224.36, 6.16% higher than the opening price. However, COIN stock had retracted approximately 1.66% during today’s premarket trading session before gaining 2% when the market opened today. Although several factors contributed to yesterday’s...

XRP/USD – XRP Forms Bullish Flag Pattern. Key Support Levels: $0.7, $0.658, $0.6.Key Resistance Levels: $0.72, $0.828, $0.9. XRP performed well in the final weeks of July as it surged inside an ascending price channel, allowing it to reach the 200-day MA at $0.78. Unfortunately, it has since been unable to overcome the 200-day MA in August and has since started to retrace to $0.7. The market has now formed a bullish flag pattern as the buyers attempt to defend the lower angle...

[PRESS RELEASE – Toronto, Canada, 5th August 2021] Alkemi Network, a recently-launched project designed to bridge CeFi users with DeFi, has integrated with Nexus Markets, a cryptocurrency exchange, and lending vault platform, to provide Nexus users with DeFi-sourced vaults wrapped in a familiar exchange interface. By utilizing Alkemi Network’s institution-grade liquidity platform, Nexus Markets is able to offer DeFi-level yields through its existing CeFi-based vaults,...

While there’s been all excitement surrounding the EIP-1559 implementation, some independent developers have pointed out some issues with debugging the Ethereum DApps post the upgrade. The wait is finally over and we are just four hours away from the upcoming London hard fork upgrade, the euphoria in the market is clear as the Ether (ETH) price has shot up more than 8% in the last 24 hours.At press time, Ethereum is trading 8.35% up at a price of $2681 and a market cap of $313 billion. The...

Marathon is a well-liked stock among institutional asset managers. Two days ago, the company declared a 66% rise in its Bitcoin month-over-month production.American multinational services company Fidelity Investments has bought 7.4% stakes of Marathon Digital Holdings, which is a patent-holding company and the parent firm of Uniloc.Marathon Digital Holdings currently functions as a digital asset technology company. The firm mines cryptocurrencies, targeting the Blockchain ecosystem and the...

EOS started a fresh increase above the $4.00 resistance against the US Dollar. The price is now trading above the $4.00 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $4.25 and $4.30 resistance levels in the near term. EOS price is showing positive signs above $4.00 against the US...

Litecoin price failed to clear the $150 resistance zone and corrected lower against the US Dollar. LTC price is now trading above $140 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $138 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair might start a fresh increase as long as it is above the $135 support. Litecoin price is holding gains above $135 against the US Dollar, similar...