Markets

Paris Hilton, who is a great-granddaughter of Conrad Hilton, the founder of Hilton Hotels, auctioned one of her artworks for 40 units of Ethereum last year.American media personality Paris Hilton released her first Non-Fungible Token (NFT) after she was influenced by a respected gamer, artist, and entrepreneur KimDotcom. However, it is reported that she was involved with the NFT market last year, according to news outlet Decrypt. Reportedly, Paris Hilton who is a great-granddaughter of Conrad...

The recent price developments have not deterred institutional investors from allocating funds in bitcoin. Just the opposite, the latest major withdrawal from Coinbase to custody wallets worth $630 million became a fact earlier today, suggesting that institutions keep accumulating.Institutions Double-Down on BTCCryptoQuant’s CEO Ki Young Ju has repeatedly outlined the connection between bitcoin’s price and institutions using the largest US-based crypto exchange, Coinbase, to purchase more of...

The US stock market is perhaps responding to a 1.41% drop in the 10-Year Treasury rate, a major focus point for equity investors.The US stock market is seeing a strong pull back after starting the week on a stellar note. The Dow Jones Industrial Average (INDEXDJX: .DJI) slipped by 0.46%, shedding 143.99 points to 31,391.52. The Nasdaq Composite (INDEXNASDAQ: .IXIC) dropped 1.69% to 13,358.79 while the S&P 500 Index (INDEXSP: .INX) which recorded a 2% bullish jump on Monday shed off 31.53...

BUZZ already has support from some big names. Jim Cramer says that the ETF ‘resonates’ with him.The VanEck Association is expected to launch VanEck Vectors Social Sentiment ETF (NYSE: BUZZ) on Thursday, March 4. The ETF will monitor online chatter about the BUZZ NextGen AI US Sentiment Leaders Index. The Index will include the 75 most-favorably mentioned companies on the web with a market cap of no less than $5B. A few stocks listed on the Buzz index include DraftKings (NASDAQ: DKNG), Twitter...

Index tokens are a vital tool for making breakthroughs happen. By providing automated rebalancing and diversification of crypto portfolios, they represent both convenience and risk alleviation.Index tokens bring asset automation and risk reduction to your yield farming ventures. As blockchain finance continues to evolve, they aim to streamline investment experience just as ETFs do in the traditional stock market.What Are Index Tokens?The GameStop short-squeeze drama is simmering down now, but...

Generally, NFTs are on the right path of attracting more traders, taking the non-fungible token collectibles markets to the sky.NFT is having a great year, recording massive sales with its numerous digital collectibles. NFTs have a big collection of palpable and abstract items that carry their uniqueness and on-chain look. The non-fungible token is essentially based on Ethereum (ETH) and has a booming market with sports collectibles, trading cards, art collectibles and even digital kick...

[Featured Content]The cryptocurrency industry is booming throughout the past year, and the increase in the total market capitalization is definitive proof.The market is, at the time of this writing, valued at about $1.5 trillion. The same can be said about the DeFi industry. The total value locked in various protocols exceeds $39 billion, and the direction has been up only for quite some time.However, this has also brought certain inefficiencies in different solutions, including Ethereum....

[PRESS RELEASE – Please Read Disclaimer]Victoria, Seychelles, 3rd March, 2021, // ChainWire //KuCoin, an IDG-backed crypto exchange, announced that its leveraged tokens have been made available for beta test. The first batch of leveraged tokens to be introduced are BTC3L, BTC3S, ETH3L and ETH3S, and invited users will be able to trade the tokens in the KuCoin Sandbox. The feature will be officially launched in the middle of March.Leveraged tokens are a new type of crypto derivative without...

Retail investors appear to have flooded the third-biggest cryptocurrency by market cap – Cardano’s ADA. Google searches have skyrocketed to new highs in the past few weeks, coinciding with the latest price record for the ADA token.Cardano Google Searches Through the RoofGoogle trends data is generally a good indicator of the behavior of retail investors, especially when it comes down to the cryptocurrency space. The number of Google searches for a specific token/project provides a rather...

Tron price remained stable above the $0.0420 support zone against the US Dollar. TRX price is now testing the $0.0480 resistance and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0480 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0480 and $0.0500 resistance levels in the near term. TRON price is showing positive signs above $0.0420 against the US Dollar,...