Markets

Large American banking organizations are rushing into the cryptocurrency industry, according to recent reports. Goldman Sachs, a former Bitcoin critique, has enabled its institutional clients to trade BTC derivatives, while Citigroup is looking into releasing crypto-related services amid growing demand. Goldman Clients Trade BTC Derivatives Out of the largest US-based banking institutions, Goldman has perhaps the most controversial history with the crypto space. The entity...

As Ripple has stated, the surge in sales resulted from the increase in its On-Demand Liquidity (ODL) customers. Besides, it expanded XRP integration within several platforms.The first three months of 2021 turned out to be highly fortunate for Ripple, the company behind XRP. In the report released on Thursday, Ripple revealed it increased its XRP sales by 97% in the first quarter of 2021, it reached $150.34 million. In comparison, in Q4 2020, this figure was $76.27 million.Q1 2021 was...

Stellar was first released more than six years ago, and it is now widely regarded as one of the safest, most cost-effective, and fastest payment solutions available on the market. It was developed by the Stellar Development Foundation, and due to its significant strengths, it was quickly adopted by various companies. And now, 1xBit joins that list, allowing its users to bet and play casino games on their website using Stellar. What makes Stellar so good? The first major...

Bitcoin cash price started a fresh surged above the $1,000 barrier against the US Dollar. The price is now trading well above the $1.200 support level and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $1,360 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct lower, but dips are likely to remain well bid near the $1,200 level. Bitcoin cash price rallied over 30% and it broke the...

Coinbase informed their customers that they can begin to deposit ICP tokens as soon as the Mercury Genesis Launch Event takes place.As DFINITY Foundation prepares for the Mercury Genesis Launch Event scheduled to take place on May 7, 2021, cryptocurrency derivatives trading platform FTX has launched the Internet Computer Protocol futures ICP-PERP. Additionally, Coinbase Pro is set to list ICP tokens after the Genesis event tomorrow.According to metrics provided by FTX, ICP-PERP was trading...

[PRESS RELEASE – Please Read Disclaimer] May 6, 2021, British Virgin Islands – KnitFinance, the first Polkadot-based cross-chain asset wrapping protocol is pleased to announce that it has successfully raised $1 million in its latest fundraising round. This comes as KnitFinance approaches its SHO on DAO Maker scheduled to take place on May 17. The project’s initial market cap is ultra-low with immense scope for exponential growth. Reputed blockchain technology investors who...

[Press Release – Singapore, Singapore, 6th May, 2021] Moma Protocol, an innovative solution to solve scalability, liquidity and speculation needs in the current DeFi lending market, has completed a $2.25 million dollar round of funding led by Fundamental Labs and SevenX Ventures. Moma Protocol creates, manages, accelerates, and aggregates lending markets through a proprietary smart contract factory, creating an ecosystem that allows for the infinite expansion of lending...

The Uniswap version 3.0 brings along the concept of Concentrated Liquidity resulting in better capital efficiency for liquidity providers.On Wednesday, May 5, automated market maker Uniswap announced its version 3.0 going live on the Ethereum blockchain network. The newly launched version of the automated market maker aims to attract more crypto-traders and high-net investor funds.As revealed by Uniswap in March, version 3.0 will make the on-chain exchange of tokens more capital efficient....

In the last thirty days, the Fantom Foundation has seen one of its most whirlwind months of action since its public release.A new blockchain platform is on the scene, and it’s drawing the eyes of industry leaders across the globe. Fantom, a blockchain platform ensuring security, scalability and speed, is making waves across the world, with thousands of users flocking to use the platform daily.   The platform prides itself on its high-performance, scalability, and secure smart-contract...

EOS started a strong increase above the $6.90 and $8.05 resistance levels against the US Dollar. The price is currently trading well above the $8.00 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $6.95 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is accelerating higher, and it could soon clear the $9.50 and $10 resistance levels. EOS price is gaining pace above $7.50 zone...