Coinbase is one of the largest cryptocurrency exchanges in the world. There’s no denying that, but sometimes, even the big dogs can be outdone by little pups as Dydx has shown. Dydx Is Looking to Be the Best of the Best Dydx is one of the globe’s newest crypto trading platforms. The company is only about four years old, and yet its daily trading volume is larger than anything Coinbase has experienced in recent days. Based in San Francisco, CA, Dydx recorded a trading...
Read More »Jesse Sullivan, a Conservative with a Crypto Background, Is Running for Governor of Illinois
37-year-old Jesse Sullivan is a Republican businessman that’s entering the race for the governorship of Illinois. Right now, the governor’s position is held by J.B. Pritzker, a billionaire and heir to the Hilton hotel fortune. Sullivan Is Making a Run for Governor What makes Sullivan so unique? He established a nonprofit organization that survived primarily thanks to cryptocurrency donations. Sullivan has worked primarily as a venture capitalist prior to entering...
Read More »The Bitcoin Stash of Elon Musk Has Grown By Roughly $1 Billion
As we all remember, Elon Musk and Tesla shocked the world when back in February, they purchased approximately $1.5 billion worth of bitcoin, the world’s most popular digital currency by market cap. The company was one of the first institutions to add the digital currency to its balance sheet. Today, that $1.5 billion is worth approximately $2.5 billion, meaning Musk and Tesla have grown by about $1 billion in just eight months. Elon Musk Made the Right Choice to Hold...
Read More »Cardano (ADA) Price Analysis: Bulls Facing Uphill Task
ADA price is struggling to clear the $2.18 and $2.20 resistance levels against the US Dollar. The price is now trading below $2.20 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2.21 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase unless there is a break below $2.05. Cardano price is struggling below the $2.20 resistance against the US Dollar, unlike bitcoin. ADA price...
Read More »Ethereum Price Analysis: ETH Remains In Uptrend Above $3,700
Ethereum price started a fresh increase above $3,500 against the US Dollar. ETH price is now trading above $3,500 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $3,800 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh rally if it clears the $3,800 resistance zone. Ethereum price is showing positive signs above $3,500 against the US Dollar. ETH/USD could gain pace above the $3,800 and...
Read More »Coinbase Is Building a Whole New Platform Devoted to NFTs
Coinbase – one of the biggest and most popular cryptocurrency trading platforms in the world – has announced it is developing an entire marketplace devoted to non-fungible tokens (NFTs). Coinbase Is Growing Through Its New NFT Market The non-fungible token world is growing every day. With so many sports-related events and even artwork now being tied to NFTs, individuals have found a way to ensure all their memories and important moments are recorded permanently to the...
Read More »Vladimir Putin May Be Open to Accepting Crypto in the Future
Russian president Vladimir Putin has stated that he is not a big bitcoin hater. In fact, he even hinted in a recent interview that Russia could be the next big country to declare the currency a national payment option in the coming future, though a specific timeline was not given. Vladimir Putin Discusses Crypto The discussion centering around crypto hails from a recent one-on-one Putin had with CNBC. A question regarding oil contracts being settled in crypto rather than...
Read More »Jurrien Timmer: Bitcoin Will Reach Six Figures in About Two Years
Jurrien Timmer – the director of Fidelity – believes that the price of bitcoin could reach $100,000 by the year 2023. Timmer: The Price of BTC Is On the Verge of Exploding At first glance, this prediction seems a little farfetched, especially when one considers the major hurdles bitcoin has been through over the past few months. Following news that Elon Musk was rescinding his decision to allow customers to pay for Tesla vehicles with bitcoin and that China was expelling...
Read More »Stellar Lumen (XLM) Price Remains In Uptrend Above $0.40
Stellar lumen price started a steady increase above $0.3200 against the US Dollar. XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if there is a clear break above the $0.4000 resistance zone. Stellar lumen price is trading well above $0.3500 against the US Dollar, similar to bitcoin. XLM price...
Read More »Back Bay Baptist Church Says “Yes” to Bitcoin Donations
A Baptist church in the state of Mississippi has become the latest venture to accept donations in cryptocurrency. Back Bay Baptist Church in the city of St. Martin has announced that it will begin to accept digital currencies for any donations now that the coronavirus pandemic has allegedly made making standard fiat payments difficult for some attendees. Back Bay Gives a Greenlight to Crypto Payments Bitcoin and many of its digital counterparts were initially created to...
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