Ethereum made headlines this week after touching new highs on Wednesday and later on Thursday: here is your monthly review for April 2021 Bitcoin struggles to break $56k while Ethereum closes in on $2.8k It has been another frustrating week for Bitcoin bulls who failed in their attempt to send BTC price above the $56k …
Monthly Report: Ethereum Sets New High as Banks Show Support for Crypto Read More »
XRP price has increased nearly 50% over the past week Ripple’s XRP continues to seek new gains after another spike this week. Buying pressure has seen XRP/USD value surge by 12% over the past 24 hours, cumulatively taking the cryptocurrency’s price nearly 50% north since 25 April when bulls rebounded above $1.00. XRP price is …
Ripple Price Analysis: XRP Sees Fresh Upside as Bulls Push Above $1.50 Read More »
Paxos, the firm behind the eponymous blockchain infrastructure platform, has announced the completion of a Series D funding round Paxos yesterday confirmed it had closed a $300 million Series D funding round led by the venture and growth equity investment firm Oak HC/FT. The funding round featured other big names, including PayPal Ventures, Declaration Partners, …
Blockchain Firm Paxos Announces $300 Million Series D Funding Read More »
Fidelity Investments has launched a digital asset analytical tool designed for institutional investors in the cryptocurrency market Financial services firm Fidelity Investments announced yesterday that it had launched SherlockSM, a digital asset data and analytics tool. The analytics tool is designed to serve institutional investors in the cryptocurrency space. Thanks to SherlockSM, institutional investors can …
Fidelity rolls out digital asset analytics tool SherlockSM Read More »
ETH eyes $3k, BTC holds above $54k, and XLM is set for an upside above $0.55 Ethereum (ETH) reached a new all-time high of $2,800, leading the altcoin market as Bitcoin (BTC) continued to battle pressure near $54,000. Ethereum might attempt to reach $3,000 over the next few days, while BTC is likely to first …
With Dogelon Mars already making gains of 1,651.5% following last week’s launch, some traders may be wondering how to get hold of the new coin There has been a lot of buzz around new cryptocurrency Dogelon Mars since it launched last week. Despite being very new, the coin has already received some important exchange listings …
How To Buy Dogelon Mars (ELON): Best Places to Buy the Meme Crypto Read More »
A task force formed by the Department of Justice is set to give recommendations on how to tackle ransomware involving digital assets today Last week, the Department of Justice put together a team of experts commissioned to come up with practical ways of combating ransomware. The task force, which comprises government and industry experts, is …
DOGE price needs to hold support at $0.29 to retain the upside advantage Dogecoin’s price history in 2021 shows that a new pump could materialise at any time. It is not something to discount, especially if its most prominent supporter Elon Musk talks about DOGE, which has pumped the coin in the past. Yesterday, DOGE …
Dogecoin Price Analysis: DOGE Looks For Fresh Momentum as 20% Gain Fades Read More »
Binance Stock Tokens have hit the ground running, but they could bring legal trouble to Binance Germany’s Federal Financial Supervisory Authority has warned that Binance Stock Tokens may have infringed some securities laws. The regulator claims that the tokens failed to meet all the legal requirements and an investigation on Binance is in progress. Tokenised …
Binance Stock Tokens Yet to Check All Regulatory Boxes Read More »
Germany has passed a new law that would allow thousands of institutional investment funds to invest in cryptocurrency A new law in Germany now permits over 4,000 institutional investment funds to gain exposure to cryptocurrencies. The move could spark massive cryptocurrency adoption in Europe’s largest economy over the next few months or years. The new …
Germany allows institutional funds to invest in cryptos Read More »
ADA price might rally towards $2.00 if bulls clear overhead resistance at $1.50 Cardano’s price has broken higher since stemming a major downtrend at $0.92 on 21 April. The cryptocurrency ranked 6th by market cap has seen its value increase by about 13% this past week, with an intraday surge of 8% currently placing it …
Cardano price outlook: ADA bulls target breakout and retest of $1.50 Read More »
MATIC price reached a new all-time high of $0.91 but currently trades near $0.70 Polygon (MATIC) has seen its price against the US dollar rise to a new all-time high of $0.91 following its 54 percent gains on 27 April. The cryptocurrency has shaved off some of the gains as traders seeking short-term profits look …
Polygon Price Analysis: MATIC Corrects After 54% Rally Read More »
A recent study in Russia has revealed the country’s residents have mixed feelings about cryptocurrencies According to a poll conducted by the Bank Otkritie Financial Corporation, one of Russia’s leading banks, many Russians say that cash will likely remain the dominant payment method for the foreseeable future. The findings were published by Nord News, which …
Research Shows Russia is Divided On Crypto Adoption Read More »
BTC/USD has failed to clear resistance near $55,800, a level bulls need to breach to target $60k Bitcoin continues to struggle for an upside following its recent downward correction. The cryptocurrency’s price against the US dollar remains largely unchanged over the past 24 hours as bears try to restrict action below the $55k level. Buyers …
Bitcoin Price Analysis: Here’s Why BTC Might Refresh Towards $60K Read More »
U.S. Bank provided details of its new cryptocurrency offerings, revealing that it would support the NYDIG’s Bitcoin exchange-traded funds (ETF) pending regulatory approval According to a blog post yesterday, U.S. Bank revealed that it is finalising cryptocurrency custody services. The bank provided details of three new cryptocurrency initiatives as it looks to offer more services …
U.S. Bank to support NYDIG’s Bitcoin ETF if approved Read More »
Ethereum prices have seen strong upside momentum, creating a record high just above $2,700 earlier today Ethereum prices saw a rise this morning, hitting a new all-time high figure of $2,713. The token started gaining momentum yesterday and built on it before cutting above the $2,700 mark. Ethereum gained over 11% between yesterday and this …
Ethereum Price Rallies to Set a New High Above $2,700 Read More »
Electric vehicle (EV) automaker, Tesla, has made a profit following the sale of some of its Bitcoin holdings California-based energy and electric vehicle company, Tesla, has published its earnings for Q1 — including profits made from its recent Bitcoin sale. According to the earnings report, the company cashed out a portion of its Bitcoin holdings, …
Tesla Shows Profit Made With Bitcoin Sale in Earnings Report Read More »
The major banking institutions based in Shanghai have aligned with the Digital Yuan over other popular payment methods Six of the top banks in China have thrown their weight behind the country’s digital currency, according to a recent report. They include the Bank of China, China’s Construction Bank, the Industrial & Commercial Bank of China, …
Top banks in China Give Backing to the Digital Yuan Read More »
JPMorgan Chase is reportedly set to offer its wealthy clients access to Bitcoin funds, becoming the latest US bank to provide such service to its customers Investment bank JPMorgan Chase is set to provide its wealthy clients access to Bitcoin funds. The funds could be available as early as this summer, with the bank set …
JPMorgan to provide wealthy clients access to Bitcoin funds Read More »
PayPal chief yesterday acknowledged that the demand for PayPal’s crypto is more than what was projected PayPal CEO Dan Schulman has revealed that interest in the crypto offering from the firm has grown beyond initial expectations. The overall crypto market reacted positively when PayPal first announced it would support cryptocurrency purchases on its platform, with …
PayPal Chief: Interest in Crypto has Exceeded Expectations Read More »