Markets

[PRESS RELEASE – Please Read Disclaimer] London, 5th July 2021 The SYNAPSE NETWORK is our own, custom-designed cross-chain technology. It’s not only 100% ready to use, but it’s also battle-tested. Cross-chain is about allowing you to invest not into two separate pools on different chains but into one pool using your favourite one. Cross-chain solutions have long been a major unsolved need in the market, but no project has managed to successfully introduce them within the...

Following the positive weekend in terms of trading action, bitcoin has retraced by a few thousand dollars to just above $34,000. Most altcoins have also failed to continue upwards as ETH has dipped below $2,300, and BNB is close to breaking beneath $300. Bitcoin’s Trading Volume Drops as BTC Retraces Bitcoin proved most assumptions wrong in the past few days. There were concerns that history is to repeat itself and the asset could lose traction during the weekend as it did in...

Ripple price started an upside correction above the $0.6500 resistance against the US dollar. The price is now trading nicely above $0.6500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.6700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it stays above the main $0.6500 support zone. Ripple price is slowly recovering above $0.6500 against the US...

Coinbase executives continue to move among the big names in the financial landscape. This month, it was the turn of none other than U.S. Federal Reserve Chairman Jerome Powell. According to Powell’s working schedule for May, the head of the Fed had a face-to-face meeting with the head of the cryptocurrency exchange Coinbase Global Inc. on May 11. Paul Ryan, a former Speaker of the U.S. House of Representatives, was also invited to the event. The meeting lasted half an hour,...

Bitcoin has not been doing too well as of late. The currency hit a serious snag in May when after a series of negative events – including tweets from Elon Musk –the world’s number one digital asset sank by more than 40 percent, causing it to slip from its recent all-time high of approximately $64,000 per unit to the mid-$30,000 range. According to analysts at financial giant JPMorgan, bitcoin’s market share needs to jump beyond the 50 percent mark if the bearish trends...

Mercado Bitcoin – which means “Bitcoin Market” in English – is a Latin American cryptocurrency trading platform based in Brazil. Through a Series B funding round, the company managed to garner a whopping $200 million in additional funds through the SoftBank Latin America Fund, suggesting the growing presence of bitcoin and cryptocurrency in Latin American regions. Mercado Bitcoin Is at the Top of Its Game At the time of writing, the parent company of Mercado Bitcoin –...

Balancer is one of the pioneers in the DeFi space and a core building block of its infrastructure. The protocol allows for efficient trading by pooling crowdsourced liquidity from investor portfolios while also identifying the best available price. Data from Token Terminal reveals the growth of the platform in terms of total value locked over the past year. Balancer Chart. Source: Token Terminal Before the most recent market-wide slump, which took place in May, Balancer had...

The demand for the Purpose Bitcoin ETF has resumed after the mid-May decrease. Consequently, the company’s product has increased the bitcoins it holds by almost 30% in less than two months. Purpose BTC ETF Holds Almost 22.5K Coins CryptoPotato reported earlier this year when Canada’s Ontario Securities Commission (OSC) approved a filing by the financial services company – Purpose Investments – to launch an exchange-traded fund tracking the performance of the primary...

[Featured Content] It goes without saying that the past year has been particularly exciting for the entire cryptocurrency market. Last March, during the coronavirus-induced global market crash, Bitcoin’s price dropped to a low of around $3,800, and a lot of people thought it would go even lower. The market, however, saw this as the absolute bottom and started advancing parabolically. This year, BTC reached an all-time high at a whopping $65,000 – more than 3 times higher...

Bitcoin’s weekend struggles seem to be nowhere near as the cryptocurrency initiated another leg up and reclaimed $35,000. Most of the altcoins have charted gains as well, with Ethereum jumping above $2,300 for the first time since mid-June. Bitcoin Reconquers $35K After the volatile week in which BTC reached a multi-day high of $36,600 and then retraced to below $33,000, all eyes were on the weekend as recent history showed that the asset tends to head south when the workweek...