Just yesterday, Live Bitcoin News published an article about Clean Spark and all the growth it was experiencing. Apparently, it is not the only major crypto mining firm undergoing massive changes. Today, news has come out about Marathon Digital Holdings, Inc., which is a competing firm that is now experiencing heavy updates of its own. Marathon Is Headed for the Big Time July has been one of the biggest months for Marathon in quite a while. The company produced more than...
Read More »Bitcoin Pushes $42K, Ethereum London Hard Fork Now Live: The Weekly Crypto Recap
It was an exciting week in the cryptocurrency market with a lot of developments – both in terms of price and otherwise. Bitcoin went through a correction but managed to recover, while Ethereum’s long-anticipated London hard fork went live officially. Starting off with BTC’s price, the week was rather intense. Last weekend, we saw the cryptocurrency appreciating all the way up to $42K. The bulls were exhausted at this point, as multiple indicators started flashing overbought...
Read More »Dan Morehead: BTC Could Reach $700K By the Year 2031
Bitcoin has been struggling as of late. While the currency has jumped into the high $30,000 range, the world’s number one digital currency by market cap had initially dropped by more than 50 percent from its mid-April high of roughly $64,000. Bitcoin May Reach $700K in the Next Decade Still, that isn’t stopping people from losing hope, and now Dan Morehead – the founder of Pantera Capital – is suggesting that bitcoin could spike as much as 1,500 percent within the next...
Read More »Binance Restricts Derivatives Products in Hong Kong
The world’s leading cryptocurrency exchange continues to tailor its product suite in a way that caters to customer protection regulations. In a recent announcement, the exchange revealed that users from Hong Kong “will not be able to open new derivatives products accounts,” with immediate effect. Moreover, “with effect from a date to be announced in a later notice,” remaining Hong Kong users will have a 90 days grace period to effectively close their currently opened...
Read More »Bitcoin Price Analysis: BTC Testing Top of Trading Range, Breakout to $50K Possible?
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...
Read More »Coinbase to Acquire the Cryptocurrency Start-up Zabo
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...
Read More »US Judge Grants Ripple Access to Binance Documents in its Battle Against The SEC
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...
Read More »Coin Stock Jumped 6.16% Yesterday, 2% Up Now, Coinbase Acquires Data Aggregator Zabo
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...
Read More »Ripple Price Analysis: XRP Forms Bull Flag After Getting Rejected at 200 MA
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...
Read More »Alkemi Network Partners With Nexus Markets To Bring Institutional DeFi To Exchange Users
[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,...
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