Markets

[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...

Litecoin price started a strong increase above the $300 resistance against the US Dollar. LTC price is now trading well above the $300 level and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $300 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is correcting gains, but dips are likely to remain well bid above $300. Litecoin price is gaining pace above the $300 zone against the US Dollar,...

Ethereum—the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin—has struck gold over the weekend and has seemingly hit a new all-time high exceeding $3,000 per unit. Ethereum is Trading for More Than $3K Ethereum is arguably one of the biggest and most popular coins around. While it may not have the market value of bitcoin or the size and scope of its predecessor, it is still a very important coin for many reasons, the biggest...

There are many drivers which supported the recent bullish run of cryptocurrencies. Many indicators which we got used to indicated the bullish run mid April, however we owe today’s bullish continuation to none other than Mrs Yellen – the US Treasury Secretary.Although there are obvious leaders in selecting the altcoins to buy based on their market activities, like Doge, ETC, ETH, I’d like to concentrate on these three alts that yet to show greater gains.TrilliumAlien Worlds is a metaverse,...

Robby Gutmann, CEO of NYDIG, said that banks have shown great interest to incorporate Bitcoin as an asset.In one of the latest and largest institutional moves towards the cryptocurrency market, NYDIG has announced a strategic partnership with Fidelity National Information Services (FIS) Inc (NYSE: FIS) to bring Bitcoin (BTC) to over 300 million United States banks in the coming months.“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin...

Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A...

Shares of Safello Group are expected to start trading on Nasdaq First North Growth Market under the ticket SFL on May 12, 2021.Safello Group, the Swedish cryptocurrency broker, has announced that its initial public offering (IPO) has recorded an oversubscription of 1,240%. The company’s initial offering of new shares worth 40.5 million Swedish kronor (almost $4.8 million) was met with subscription bids of up to 502 million kronor ($59 million) worth of shares.Safello Group also announced...