Markets

Although it’s the largest and most well-known cryptocurrency globally, bitcoin has lost its top trending spot in the US last week. Instead, the first place went to an NFT platform called Ethernity Chain, which will host the NFT of skateboarding legend Tony Hawk.At the same time, ERN’s price has skyrocketed by more than 20-fold since early March.Ethernity Chain Trends at N1 in the USThe popular monitoring resource CoinGecko breached the top ten trending crypto assets in the US from March 20th...

It’s official – 2021 is the year of institutional cryptocurrency. While banks including Goldman Sachs and Deutsche Bank rush to expand into cryptocurrency services for their clients, firms such as MicroStrategy and Tesla are scooping up BTC worth billions to add to their balance sheets.Now, speculation is rife that Apple may be next, with Tim Draper including the Cupertino tech giant on his list of firms likely to make a move into crypto. But how likely is it?BTC As a Store of WealthAs a tech...

After several days of price slumps, bitcoin has bounced off and neared the $55,000 level. Despite this increase, though, its market dominance has suffered as most altcoins have added more value in a day. Ethereum has jumped to $1,700, BNB is above $250 again, and Cardano has increased to $1.20.BTC Recovers to $55KThe past several days didn’t go well for the primary cryptocurrency. Following a pro-BTC announcement from Elon Musk’s Tesla, the asset spiked to above $57,000. However, the...

Backed by industry leaders, including Boxmining, KVestor, Orion Protocol, and Vendetta Capital, ethbox aims to mitigate any risk involved in ERC-20 transactions.Boxmining Founder Michael Lu joins ethbox as an advisor as a successful IDO whitelisting sets an excellent precedent for the upcoming EBOX token sale.EBOX Tokens Listed on Uniswap as Project Showcases Transformative Plan to Simplify & Secure Ethereum TransactionsSurfing on the Initial Dex Offering (IDO) hype within the...

This week was tough across the board as both cryptocurrencies and legacy markets took a beating. Bitcoin was rejected at $60K and dropped all the way down to $50K, but, fortunately, it found support and is now attempting a recovery.The cryptocurrency started the week trading at around $59K and took a shot at the coveted $60,000 mark but failed. It was all downhill from there as BTC retraced all the way down to $50,000 before finding serious support and bouncing back to where it’s currently...

Elon Musk – the South African entrepreneur behind such ventures as SpaceX and electric car company Tesla – is taking a lot of guff for the $1.5 billion bitcoin purchase he engaged in last February. However, he does have a loyal fan in hedge fund manager Anthony Scaramucci, who has come to his defense. Elon Musk Is Taking Some Flack Musk has done quite a bit for the world of cryptocurrency. Buying bitcoin in the way that he did allowed the world’s number one digital...

It was a tough week in the cryptocurrency market as the majority of it is in the red. The big exception this week is THETA which skyrocketed and found a place in the top 10.BitcoinBitcoin is down by a total of 8% over the past week of trading as the cryptocurrency currently trades at $53,330. It attempted to break resistance at $60,000 last weekend but failed. As a result, it started to head lower on Sunday and went on to break beneath the March ascending trend line on Monday.After that,...

[PRESS RELEASE – Please Read Disclaimer]March 16, 2021: FXT has announced the listing of FXT tokens on Coinsbit and Bilaxy exchanges.FXT is a blockchain-based Forex Trading Markets platform that enables investors to predict market conditions and profit from favorable conditions. FXT provides its users with institutional-grade security, round-the-clock customer support, and multiple deposit and withdrawal methods to ensure a world-class user experience.The native token of FXT – known as FXT...

The founder of Cardano, Charles Hoskinson, tuned in through another video, explaining some of the next steps ahead of the team. In the laid-out roadmap, he outlined that a testnet for the long-awaited smart contracts on Cardano should be rolled out in late April or early May.Cardano Smart Contracts Getting CloserAt the time of this writing, Cardano’s native cryptocurrency, ADA, is trading at around $1.20 and sits on a market cap of almost $40 billion. This makes it the fourth-largest project...

Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company.Chinese electric vehicle maker Nio Inc (NYSE: NIO) has announced a halt to its auto production activity for 5 days. According to the official announcement, the suspension of its car manufacturing applies to its Hefei plant and the primary reason cited for this unprecedented move is the shortage in the supply of semiconductors.The challenge of...