Markets

The extremely volatile nature of cryptocurrencies is one of the major reasons why many traditional investors are still hesitant to join the industry.  One minute, traders are basking in the euphoria of skyrocketing peaks, and the next they are scratching their heads wondering what happened. While there are no clear-cut indices to gouge crypto volatility, some of the reasons for it in traditional markets apply – including new developments and speculation. But new entrants in...

Bitcoin has been undergoing a serious correction as of late. The world’s number one digital asset by market cap has hit a new high of approximately $63,000 per unit, but since that day, it has lost about $8,000 off its price. Thus, the currency is now trading for just over $55,000, and companies such as JPMorgan are beginning to take notice. JPMorgan: We Need to See $60K Again Soon In a new report, JPMorgan appears to be rather bearish on bitcoin… again. To be fair, it...

Let’s get it straight, Defi has exploded in the last year and it is poised to grow exponentially in the near future. Last week Uniswap’s trading volume surpassed $10B, yes, $10B. There are a handful of well-known DEXs, and to trade in those, either, users have to use their own funds or transfer funds from lending platforms and transfer for trading. It is a time-consuming, laborious and expensive process to transfer from lending platforms to DEXs. Introducing Lever Lever...

Cardano, currently the sixth-largest cryptocurrency project by means of total market capitalization, has partnered up with the Ministry of Education of Ethiopia to work on a blockchain-based national ID system. Announced on Twitter, Cardano has entered into a partnership to create a blockchain-based national ID and attainment recording system. Touted as the “world’s largest blockchain deployment,” it should roll out to 5 million students in Africa. The thread also reveals...

The altcoins including Ethereum (ETH), XRP and Binance coin (BNB) have also seen gains this week, contributing to the crypto market rebound.Bitcoin (BTC) price is up by 10%, leading a crypto market rebound, after suffering a drastic fall last week. The biggest cryptocurrency lost 18.3% of its value last week, fell to a seven-week low of $47,079, its biggest fall since mid-March this year. Before last week’s price drop, Bitcoin was steadily embarking on a bun run, reaching an all-time high of...

The to-be-launched Binance NFT platform will offer two major services: Premium events and trading.Cryptocurrency exchange platform Binance has revealed plans to launch its own non-fungible token (NFT) marketplace. Binance users will be able to create and trade NFTs on the new platform. The exchange platform announced the launch of the NFTs marketplace on the 27th of April.The NFT market has been expanding over the past months. Celebrities, athletes, and companies have ventured into the...

Reef Finance is building its blockchain dubbed Reef Chain to enable future decentralized applications. Reef Finance native token REEF jumped more than 8.44% in the past 24-hours to trade around $0.03635 at the time of reporting according to Binance-backed CoinMarketCap. Although the spike in REEF price could easily be attributed to the ongoing cryptocurrency bull market, the company also announced that it has formed a strategic alliance with Aavegotchi.Notably, Aavegotchi is a leading...

Trading and transactions with the Chia coins are expected to be enabled on May 3.Chinese hardware and motherboard manufacturer Onda has stepped up to the challenge of the rising shortage of SSD and HDDs in the market by rolling out a new dedicated motherboard for Chia cryptocurrency mining. Since the Chia digital currency Mainnet was launched back in March, the mining activities around the cryptocurrency have gained traction, leading to the scare of a shortage in HDDs and SSDs in the Chinese...

National Football League Spieler Sean Culkin hat über Twitter angekündigt, dass er sich von nun an sein Gehalt in Bitcoin auszahlen lässt. Culkin spielt für den Super Bowl 2021 Teilnehmer Kansas City Chiefs und erhält derzeit pro Jahr fast eine Million US-Dollar. Bitcoin News: NFL-Profi erhält Gehalt in BitcoinIn seinem Twitter Thread erklärt der Tight End, warum er diesen Schritt unternommen hat:Crypto.. Bitcoin.. Markets.. Do you wanna learn something new about me? Check the thread! Here...

ADA price started a fresh increase after testing the $1.00 support against the US Dollar. The price is now trading above the $1.200 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.150 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue high above the $1.300 and $1.348 resistance levels. Cardano price is rising and trading above $1.200 against the US Dollar, similar...