Markets

[PR – Utrecht, The Netherlands, May 14, 2021] AllianceBlock has announced it will launch a decentralized capital market on the Edgeware smart contract platform. The protocol brings unprecedented tooling to the Substrate-based Wasm contract palette, including NFT contract standards, Defi and DAO primitives to their peer-to-peer market, further empowering collectives and individuals to lend and fund across the network. In the longer term, AllianceBlock is positioned to bridge...

To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well. Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately, it was all downhill from there, with the exception of the first few days as on Monday, BTC had an unsuccessful attempt at the coveted...

Dogecoin’s price is up 25% in the last 24 hours after the news on its anticipated Coinbase listing.US cryptocurrency exchange Coinbase has announced that it plans to list Dogecoin (Doge) on its platform. CEO of Coinbase Brian Armstrong speaking on the company’s strong Q1 performance stated that Coinbase‘s decision to list Dogecoin is part of a plan to change its processes for listing coins and to add digital assets that have just been minted. Armstrong added that the crypto exchange will soon...

Notably, during the first quarter, Coinbase recorded a net profit of over $771 million, more than fourfold of what the company reported during the fourth quarter.Coinbase Global Inc (NASDAQ: COIN) stock was up over 6% in today’s pre-market to trade around $282.30. However, COIN stock closed yesterday trading at $265.10, down 6.53%. The spike in Coinbase stock on Friday’s pre-market was largely attributed to the Q1 earnings and revenue results that significantly skyrocketed in regards to 2020...

Despite the recent market-wide crash, Ethereum continues to lead amid the large-cap cryptocurrencies. Today, we take a closer look into the following cryptos: Bitcoin Bitcoin is down by a total of 10% this week as it saw turbulence over the past two days with Telsa removing BTC payments for its vehicles. The cryptocurrency failed to break a falling resistance trend line at around $59,000 at the start of the week and started to head lower from there. On Wednesday, the...

It’s been a tumultuous couple of days in the cryptocurrency market following the latest declines. According to a reputable analyst, however, the short-term downside might not be over, though other on-chain metrics also suggest that the long-term does look promising. More Short-Term Downside for Bitcoin Price? The past two days were challenging for bitcoin’s price. From a high of around $58,000 on May 12th, it went all the way down to $45,700 (on Bitstamp) yesterday. This...

Coinbase has had a spectacular 2021. The company announced $1.80 billion of revenue, $585 million more than the fourth quarter of 2020, and $191 million more than its results from a year ago. Much of these numbers are driven by the growing interest in cryptocurrencies. 56 million users and 6.1 million monthly transactions put the company right on the money radar, primarily since Coinbase benefits from the fees generated by every trade made on its platform. The IPO was also...

Bitcoin appears rather stable as of late. The currency has had some relatively wonky up-and-down moments over the past few weeks, but for the most part, the currency has found some sturdy ground to stand on over the past two days and is trading for a little over $56,000. It is not the $64,000 it was at just a few weeks ago, but it is certainly not the $49,000 it briefly dropped to after that. Bitcoin Is Seeing Some of the Same Patterns Either way, one research group is...

However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources. Bitcoin price slid as much as 15%, below $50,000, after Elon Musk halted Tesla Inc (NASDAQ: TSLA) purchases with the cryptocurrency due to environmental concerns. The asset shed over 10k in a few hours, with over $365 billion wiped out in the liquidation. Consequently, almost the whole cryptocurrency market was affected by the...

Assuming that BTC can reach over $1,000,000 by 2030, it’s possible that Bitcoin can reach $10,000,000 if it’s still in its current form and has not been converted into another high-valued asset.Since its inception, Bitcoin has changed the financial world and more. It’s cut the use of intermediaries and increased the assets it can be used on. However, the price of any cryptocurrency is captive to market price volatility, making it difficult to predict the coin’s future. We can watch for trends...