Axie Infinity buyers attempted to cool the intensified sell-off condition by securing reliable footing near the $28 mark within the past couple of days. As the retracement dragged to token towards multi-month lows, AXS chalked this phase in a downside channel within the previous month. The nearest floor remains crucial in detecting future price actions…
Binance CEO, Changpeng Zhao, took to Twitter to reveal that the company that they registered with Canadian authorities had been approved. The company named Binance Canada Capital Markets has been licensed to operate a list of financial services. The license gives the company rights to operate for the next 3 years. Binance is expanding its…
Ethereum based Blockchain network, the Polygon protocol has revealed how it had secretly patched a system vulnerability that could have seen it lose all its MAFIC tokens for good. The one constant in the crypto Blockchain tech is system vulnerability and inherent bugs. All systems leveraging Blockchain networks are indeed vulnerable as it is one…
Nayib Bukele is making headlines once again. Unsurprisingly it is for recent remarks against his administration’s detractors concerning their Bitcoin stance. The leader who likes to call himself the CEO of El Salvador took to Twitter to make the bold claim that fiat currencies are finished. Details Of The Tweet The President explained that the…
Art online marketplace, Artnet, has disclosed that it will be launching into NFTs. The company’s background in allowing users to access and gather information about art made this an unsurprising and welcome development. In addition, the company already hosts a large number of select auctions yearly. In August, the firm had already seen a boost…
The eighth biggest crypto exchange around the world per Coingeko, Kraken, declared to initiate its support for the trade of SHIB (Shiba Inu), a crypto token that has taken inspiration from Dogecoin and acquired much fame following the success of meme tokens in the time of lockdown during COVID-19. Shiba Inu, to be listed on…
Payment solutions behemoth Visa has disclosed that they have successfully acquired Currencycloud for nearly a billion dollars. The purchase aims to make transactions across borders more efficient and honest. The company, with the move, will make transactions more efficient for both the firms and the customers of these businesses. Benefits Of The Deal Visa and…
A leading economist at the International Monetary Fund (IMF), Gita Gopinath, talking at a summit organized by a non-profit economic research institute in India, pushed developing countries to create homogeneous regulations for crypto rather than a ban on the technology. She, however, agreed that the matter of cryptocurrency regulation is a complicated topic. She noted…
A one-time governorship candidate in South Carolina and a renowned businessman, John Warren, has started a Bitcoin mining firm called GEM Mining. The company’s report revealed that the former Lima One CEO has four other partners who have control of different parts of the firm. The team comprises people known to be successful businessmen in…
Danal subsidiary has partnered with Samchully Motors and has announced BMWs will now be purchased using Paycoin (PCI). The local luxury auto dealership partnership makes it the first time people can pay for vehicles entirely using crypto. The FinTech solutions provider collaborated with BMW and earmarked a line of customer favorites for sale. A Big…
There’s a high probability that Binance Coin (BNB) will go higher. The bullish pattern the cryptocurrency has maintained supports this view. It has held its position above the $510 mark, changing the previous resistance to Support. This action flies against the minimal presence of bullish indicators on the technical indicators. BNB has been going down…
The author of the bestseller ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has predicted a major crash in the financial, crypto, and commodity market. The famed author and investor tweeted claims the United States government was pushing false inflation. He noted that inflation would lead to panic. As such, he predicts a further crash of the…
A Brazilian Senator, Irajá Silvestre Filhothe, has motioned to see Bitcoin mining firms operating in the country using renewable energy sources to operate tax-free. The senator also called for the removal of taxes on the importation of Bitcoin mining equipment and the government changing its classification of crypto to view them as currencies. A media…
As per the latest reports, a major digital asset exchange headquartered in Singapore had its operations suspended in the country. The name of the particular exchange is Bitget and it reportedly had its operating license suspended in Singapore. The reports confirm that it is the Monetary Authority of Singapore that has taken action against the…
Bitcoin starts another week as market players still contemplate the recent massive crash that had the leading crypto exploring the $4200 level at some point. Though Bitcoin registered a modest recovery, it now faces multiple obstacles in BTC’s full-recovery attempts. The first challenge for BTC bulls is at $50,000. Market players appear confused for…
In the past 24-hours, the price of RPS League (RPS) has been experiencing a downtrend. The report from CoinMarketCap shows that the price of RPS has dropped at an alarming rate, showing a 99.42% drop in the past 24-hours. RPS is the rewarding token for the “RPS League” game that hasn’t been able to catch…
LUNA, the native staking token that serves as the foundation of the Terra blockchain, reached a new all-time peak of $68.29 earlier this week. According to data published by CoinMarketCap, the cryptocurrency has gained over 14% in the last 48 hours. As a result of the most current price increase, LUNA’s market capitalization has surpassed…
Dogecoin trades on downtrend mode as it prepares a 20% surge towards $0.239. Magnified buying momentum will see the meme coin extending its run-up to $0.256. However, breaking beneath the $0.183 range low will cancel the bullish outlook. Dogecoin price appears to head towards the price zone that exhibits high reversal probability. That confirms that…
Ether (ETH) has reached a new high against BTC. ETH year-to-date returns have increased to slightly above 350%, all as a result of its new high achiever this week. For the first time this year, the ETH/BTC pair bid hit a record 0.0835 BTC on Coinbase. This bullish movement started sometime in October after Ethereum…
Despite China’s ban on Bitcoin mining, the business has expanded rapidly in the previous 5 months. Following China’s crypto ban earlier this year, bitcoin mining hash rate decreased by more than 50%, attributable mostly to the exodus of Asian crypto miners. Mining hashrate recovers after China’s ban on Bitcoin mining Data availability suggests that the…
India, like many countries, is in the throes of coming up with crypto regulations. The country’s parliament is about to introduce a bill to regulate the market. With this in mind, many groups have expressed their views on what they think should be covered by the bill. Opinions Of Concerned Bodies IndiaTech, an independent company…
Despite a turbulent week in the intra trading market, Shiba Inu has lifted the spirits of members of the crypto community with some good news. The 12th largest crypto by market capitalization has announced an ambitious plan to build its metaverse. The popular meme currency’s team announced that they have hired William David Volk to…
A new Grayscale analysis has shown that making the metaverse more widely adopted might be a $1tr market by 2029. Two of Grayscale’s top analysts, David Grider and Matt Maximo, headed the research. An Interlinked Crypto-Based Metaverse The angle of their analysis was an interlinked crypto-based metaverse like the Decentraland. Using current metaverse user data…
A day after SHIB holdings on the major wallets on the Ethereum Network reportedly dropped 4%, another whale trader has capitalized on the dip to purchase more Shiba Inu tokens. The whale-tier address announced entry with $36M worth of SHIB bought. The correction on the crypto market is still going on, with many whales abandoning…
Avalanche defied the general downward movements in the cryptocurrency market to keep making new gains. Late yesterday the altcoin reached new highs of $146. The token also edged out Dogecoin in the top ten cryptocurrency list. The token grew in value by 20% yesterday to reach these new highs. The move meant the coin grew…
