Markets

Polkadot’s DOT went through a major flash crash on Binance’s COIN-margined futures platform which saw its price reduced to $0.20.The past couple of days have been somewhat challenging in the cryptocurrency market, as the entire capitalization saw around $150 billion wiped off.The adverse developments followed Wall Street’s slump as legacy markets suffer throughout the entire week.Meanwhile, Bitcoin’s realized correlation with the S&P 500 sits at a 5-month high which, naturally, reflects...

Bitcoin cash price is struggling to clear the $550 resistance zone against the US Dollar. The price is now trading below $500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $525 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down towards the $450 and $415 support levels. Bitcoin cash price is showing bearish signs below $500 against the US Dollar, similar...

It looks like the trouble bitcoin has been experiencing as of late is coming to an end. The world’s number one digital currency by market cap has been traversing the doldrums as of late, falling even further into the mid-$40,000 range, though at the time of writing, things have improved somewhat. The currency is back above the $50,000 line and trading more in the range that investors have become used to these past few weeks. Bitcoin Is Starting to Improve The present...

[PRESS RELEASE – Please Read Disclaimer]Mar 3, 2021 – Polkadex, the decentralized exchange (DEX) built for Web3 and decentralized finance (DeFi), has raised $3 million in seed and private investment rounds from LD Capital, Kenetic Capital, OkEx capital, NGC, QCP, AU21 Capital, CMS Holdings, OKEx Capital, PNYX Capital, Genesis Block Capital, JRR Group, Cluster VC, GBIC,  Momentum 6 and Outlier Ventures. The proceeds will be used to fuel Polkadex’s growth and become the first orderbook based...

Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen have recently appealed to Judge Analisa Torres, filing two separate motions to dismiss the US SEC’s amended complaint against Ripple and its executives.Regulatory OverreachIn a letter dated March 3, 2021, the Attorneys representing Garlinghouse stated that the lawsuit filed by the SEC against Ripple was simply a “regulatory overreach.”They argued that the SEC’s allegations of Garlinghouse aiding and abetting the sale of XRP, which...

ADA/USD – Bearish Divergence Sends Market LowerKey Support Levels: $1.07, $1.00, $0.944.Key Resistance Levels: $1.20, $1.32, $1.40.ADA is down by 9% as it falls beneath the support at $1.22 (.236 Fib) to reach $1.14. The cryptocurrency is now down by a total of 23% since hitting the ATH price at $1.48 last week. Nevertheless, ADA is still up by a whopping 224% over the past month of trading, so the retracement could be somewhat expected.There were hints of bearish divergence since...

With the NewsCrypto Coin (NWC) token now being launched on PancakeSwap, users are able to benefit from its impressive liquidity and range of additional features – providing even more utility to NWC holders. Cryptocurrency trading education, analytics, and social prediction platform NewsCrypto is set to become one of the first cross-chain cryptocurrencies added to PancakeSwap – the leading decentralized exchange on Binance Smart Chain.As a platform designed to make cryptocurrency trading more...

UBS analyst also highlighted that “Tesla has the potential to become one of the most valuable software companies.”The performance of leading electric car maker Tesla Inc (NASDAQ: TSLA) in the stock market has convinced a long-time skeptic into a fervent believer of the potential it holds. The hitherto skeptic, UBS analyst Patrick Hummel, was forced to change tunes as he more than doubled his Tesla stock price target from $325 to $730 while adding that the “the narrative is no longer about the...

Binance Smart Chain has become somewhat of a hot topic amid DeFi gem seekers in the past few weeks.The network saw an influx of new projects, reminiscing of the early days of the DeFi craziness last summer.In any case, hours ago, the community was shocked earlier today when news broke out that one of the newer protocols, Meerkat Finance, was drained.Meerkat Finance is a yield farming protocol that runs on Binance Smart Chain, and a few hours ago, the team revealed that it was “hacked” and...

Okta and Auth0 are set to focus on the identity on the internet, that is today a billion-dollar industry.Okta Inc (NASDAQ: OKTA) stock closed yesterday trading at $241.22, down 6.89%. The dip accelerated further during the pre-market trading session, as it was down approximately 10.66% according to MarketWatch. The sudden dip was associated with an announcement from Okta that it will purchase Auth0 for $6.5 billion.However, the deal is expected to be finalized by next year during the second...