Ether (ETH) appears to be reviving, as cryptocurrency expert Willy Woo recently tweeted that the cryptocurrency is positioning itself to “break upwards out of a very long term, 3.5-month bearish trend line.” Ether, the world’s second largest cryptocurrency in terms of market capitalization, crossed the $3,000 threshold for the first time since March 8. With
The APE crypto project has arisen as the most purchased digital currency by the largest Ethereum wallet in the last 24 hours. The release of the APE crypto project has been the table-shaker of this week. Interestingly, last Thursday, the APE coin was deployed into the public markets after being distributed to BAYC NFT holders
The Bitcoin network’s on-chain activity still appears to be in a bear market as U.S. and E.U. buyers are struggling to stay ahead of sellers based in Asia. Blockchain analytics firm Glassnode’s latest report on the weekly activity of the Bitcoin (BTC) network shows that the price of the largest crypto by market cap has
Ethereum co-founder Vitalik Buterin recently spoke about his biggest concerns about the crypto industry with TIME Magazine. Following the interview’s publication, Buterin responded to tweets that negatively compared his appearance to that of Tom Brady, retired NFL star and founder of the NFT marketplace Autograph. The quote tweets on the new time article about me are truly
Data security and accessibility have become important issues of the modern age as the world slowly progresses towards a Web3 future that establishes blockchain technology as the underlying infrastructure for the new internet. One project that is looking to capitalize on this growing trend by establishing tools for the new Web3 data economy is Ocean
Cryptocurrency exchange Gemini has received an electronic money license from the Central Bank of Ireland. It was the 18th organization to receive the license, and the first since October 2020. Gemini joined such license holders as Coinbase, Stripe, Square and Meta. The e-money license, which Gemini applied for in early 2020 and received March 14,
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday
A new week in the cryptocurrency market has brought more of the same sideways price action that the wider ecosystem has experienced in recent months, as Bitcoin (BTC) continues to hold support near $41,000 while some analysts warn that high inflation and rising interest rates could see the top cryptocurrency fall to $30,000. On the
On Monday, Euroclear, a securities clearing firm that claims it has over 37.6 trillion euros in assets under custody, announced an investment into Fnality, a consortium of financial institutions focused on the regulated adoption of tokenized assets and marketplaces, for an undisclosed amount. Meanwhile, Euroclear is also focusing on developing its distributed ledger technology, or
Bitcoin (BTC) the Wall Street trading session with a spike over $41,500 on March 21 as last week’s late gains endured. McGlone: Fed is saying ‘Don’t buy the dip’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing $500 into the Wall Street open to see a strong start after its best weekly close in
THORChain (RUNE) has appreciated nearly 41% in the past seven days, according to the data from Cointelegraph Markets Pro, and its recent price action is even leading the entire crypto market in the first quarter of 2021. Its mainnet launch, which was originally slated last year, is one of the main factors that led to
Cryptocurrencies failed to break the 42-day long downtrend after the $1.95 trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally. Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14-21. Such performance was positively
The United States Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers WisdomTree and One River. According to separate Friday filings, the SEC will push the deadline for approving or disapproving a rule change allowing shares of the WisdomTree Bitcoin Trust and One
SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. Sushi’s new legal structure will be based on a community-approved proposal from Mar. 20 that cited the need for an association or foundation to help provide
Bitcoin (BTC) starts a new week on a tentatively stronger footing as macro cues curiously stabilize. After a calmer weekend than most recently, BTC/USD managed to seal its highest weekly close since February, casting off concerns that an imminent bout below $40,000 could enter. Instead, conditions are beginning to favor a more bullish perspective on
Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022. An astonishing growth trend, the steep influx relates to the low values that have been observed during previous periods. The number of crypto transactions
China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown. Chinese social media giant WeChat reportedly removed several digital collectible platform accounts for violations of the rules. Digital collection platform Xihu No.1, one of the
Flexid Technologies, a blockchain startup promoting the use of digital identities, said its solution was recently used by thousands of Zimbabwean households and patients that participated in a local health survey study. Using Technology to Drive Down the Cost of Healthcare A blockchain startup, Flexid Technologies, revealed it recently made its digital identity solution available
South by Southwest — commonly referred to as “South By” or “SXSW” — has returned to Austin, Texas this year to showcase the latest trends in interactive media, music, art, film and technology. While SXSW runs through March 20, 2022, the entertainment and technology festival kicked off its first weekend with a large focus on
Bitcoin (BTC) stayed the near top of its recent trading range on March 20 as the weekly close looked set to crack a multi-week high. Weekly close could set 4-week high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maneuvering around the upper $41,000 zone Sunday. Friday’s late surge had broadly held, and Saturday saw