QNT’s sway beyond its EMAs incorporates a ‘buy’ edge; can buyers sustain the narrative? The alt saw a significant decline in network growth. Quant (QNT) heightened its bullish superiority following the broad market revival over the past few days. The upside placed the alternative token well beyond its EMA ribbons as it provided support within…
Ethereum soars gradually while trading beyond $1,300. The price wavered beyond $1,310 and 100-Hr SMA. There’s a crucial bullish line emerging with support at $1,320 on ETH/USD’s hourly chart. A decisive move past the resistance at $1,350 would welcome a bullish momentum. ETH Price Still Supported Ethereum stayed well beyond the $1,250 mark. It saw…
Popular Solana-based NFT market Magic Eden announced last week that it has expanded to the Ethereum blockchain. Meanwhile, the platform is already making plans to increase its foothold in the ecosystem. Magic Eden Release Proposal To Build An NFT Market For The ApeCoin Community According to reports, Magic Eden wants to build a BAYC NFT…
XP, the largest brokerage firm in Brazil, has decided to offer cryptocurrency trading services. The company will allow clients to trade crypto on its Xtage platform beginning in August. Meanwhile, the company stated that it would only allow trading of BTC and ETH in August. However, the brokerage will add other digital assets by 2023….
The past months have been rough for the cryptocurrency sector as the bearish market continues. In the early hours of July 12th, BTC’s price had settled into a solid holding pattern. Also, the flagship currency eventually added further negative volatility later on. However, the global market dipped upon publication of the U.S. inflation statistics. The…
Due to the increase in heat waves in Texas, cryptocurrency miners have stopped operations. Many believe the heat wave could push the state’s electricity grid to its breaking point. The nonprofit firm ERCOT (Electric Reliability Council of Texas) asked its customers to shut down. This was after power use increased to 78,206 MW on July…
VTB Bank, one of Russia’s largest banks, has achieved a milestone in the country. It conducted the first cash-backed virtual financial asset payment with a fintech firm. According to Reuters, the fintech firm, Lighthouse, carried out the transaction. Lighthouse is a subsidiary of VTB Factoring and has a license to exchange virtual assets. VTB noted…
According to a professional market analyst, the US Federal Reserve might be influencing market movements. Analyst Caleb Franzen believes the bank’s monetary policies affect asset prices and crypto. Also, Franzen made these analyses at the “Best Business Show” on the 20th of June. The show’s host, Anthony Pompliano, interviewed the senior analyst about the ongoing…
Globally, the crypto market continues to garner more adoption from different sectors. Major financial institutions have come to recognise the usefulness of crypto as a financial asset. As a result, they are entering the crypto industry. According to Reuter’s report on June 7th, three finance companies plan to increase access to crypto. The three firms,…
In recent news, the Reserve Bank of India (RBI) has shown massive support for CBDCs. The central bank believes that the widespread adoption of CBDCs will end the era of private cryptos. RBI Believes CBDCs Will Overshadow Crypto According to the Indian Times, the deputy governor of the RBI, Rabi Sankar does not support crypto….
At the moment, it appears that the crypto market has gained little momentum. Cryptos such as Ethereum has broken away from its consolidation. It aims for the $2000 price mark and might get there if the bulls can hold the market. Over the past 24 hours, the crypto has risen by 4% into the $1900…
2021 saw several countries discuss its CBDC program. While several are already in the advanced stages of issuing its digitized currency, others are still weighing the benefits of adopting it, circulation, and use cases. One country that has provided an update regarding its digitized currency circulation is Mexico. The Latin America nation on Thursday via…
Top BTC mining firm Marathon Digital’s partnership deal with Compute North (its data center partner) has been extended. The data center will be used to run the operations of over 90K mining machines of the mining company. This new deal extends the previous deal in which the data center had earlier agreed to host the…
At this publication, Bitcoin trades at $32,024.68 after 4.1% losses in the past 24 hours. As expected, other alternative coins saw southward price movements. While writing this content, EOS trades 8.8% lower since the past day. As a result, the altcoin saw its market capitalization plunging on the trading chart. Monero noted price declines amid…