Markets

AAVE, one of the market’s leading lending protocols, brings further offerings to its value proposition. In a recently released announcement, the protocol revealed that they have now enabled Uniswap and Balancer LP tokens to be collateralized on the platform.AAVE currently holds over $5 billion in total value locked, according to data from DeFi Pulse, and it ranks third in terms of this metric, trailing behind Maker and Compound.In a recent announcement, however, the protocol has taken steps...

In light of the recent performance of the Nvidia cards, Ethereum miners are most likely going to be drawn into purchasing the cards.When Nvidia launched a new system to help it drastically reduce the hash rate of mining the second largest crypto asset by market cap, Ethereum, on its new RTX 3060 graphics card last month, little did it know that malicious actors were waiting in the wings to pounce on it. Reports have emerged that crypto miners have been able to outmaneuver the system and they...

Wedbush analyst Dan Ives thinks Tesla is preparing to shift focus to become a pure technology company.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk now has been given a new title ‘Technoking of Tesla’, according to an 8-K SEC filing Monday. Besides, the company also changed its CFO title to ‘Master of Coin’. However, Tesla disclosed that both Musk and Zach Kirkhorn will maintain their original titles.“Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to...

Now Bitpanda is going to expand its offerings beyond cryptocurrency trading, serving as a one-stop platform for anyone looking to trade digital securities.Vienna, Austria-based cryptocurrency trading platform Bitpanda has completed its Series B funding round, raising $170 million from both old and new investors. As reported by TechCrunch, the latest capital support for the firm was lead by the company’s old partner, Valar Ventures, a Peter Thiel-backed fund, as well as new investors from DST...

Founders of Glassnode disclosed that there was an all-time high record of $500 million in Bitcoin getting liquidated.The price of Bitcoin has taken its usual pullback soon after hitting an all-time high price of $61,000 on March 15. Many traders believe that this is a normal market behavior as after hitting around $58,000, the price of the digital asset took a nosedive to fall as low as $45,000.In the most recent attempt to break the $61,000 resistance level, Bitcoin was highly betrayed by...

ADA price failed to correct above $1.100 and extended its decline against the US Dollar. The price is now consolidating near the $1.000 support and well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.100 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of a sharp decline below the $1.000 and $0.9800 support levels. Cardano price is showing bearish signs below $1.100 against the...

Ethereum price traded as high as $1,947 before starting a downside correction against the US Dollar. ETH price is currently trading near the $1,700 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,720 on the 4-hours chart (data feed from Coinbase). The pair could decline heavily if there is a clear break below $1,720 and $1,700. Ethereum price is correcting gains from well above $1,900 against the US...

Young Americans want to buy bitcoin, and they will use the stimulus checks to do so, said Galaxy Investment Partners’ CEO Mike Novogratz. He added that the primary cryptocurrency had become a proven asset in the past few months with the entrance of giant institutions and corporations.Retail Pushed Bitcoin Higher, Says NovogratzThe first-ever cryptocurrency went on a wild run in the past few days. During the weekend, bitcoin broke its previous ATH, breached above $60,000, and marked a new...

The crypto market still has the potential to climb higher, have a look at the coins that can be your profitable partners for the next weeks and months.In search of promising investment opportunities, it would be absolute madness to ignore cryptocurrencies. In a single year – 2020, the market capitalization rose from $200 million to $1 trillion and today it reaches $1.2 trillion. While everyone knows about Bitcoin and Ethereum, most coins stay in the shadows. But there are some...

MicroStrategy – after months of buying bitcoin and crypto – has decided to continue this run of excessive digital asset spending and has just purchased an additional $15 million worth of the world’s number one digital currency by market cap. The company now owns nearly $5 billion in bitcoin and is arguably the most bitcoin-centered institution out there. MicroStrategy Has Bought Another $15 Million in BTC The news is certainly positive in the sense that we all know...