Category: NewsBTC

NewsBTC: Chainge Finance officially becomes the most liquid cross-chain crypto trading venue on the market

In early 2009, Bitcoin trading was peer-to-peer, initially via PayPal. However, it only took a few months before the first ramp was launched. Mt Gox and earlier variants were, as expected, rudimentary and centralized. Fast-forward less than a decade later, and crypto trading is a vibrant industry with billions moved every day. Exchanges are critical channels for moving billions of assets between users and chains. As the industry expands and crypto finds adoption, their role will only be magnified. This rise is especially when decentralized finance (DeFi) is at the fore, dangling irresistible offers. DeFi and the Role of Liquidity...

NewsBTC: IOVLabs’ “Everyday DeFi” Aims To Onboard The First Billion Users To Bitcoin DeFi

The security of Bitcoin’s network, paired with smart contracts, paves an exciting future for decentralized finance. IOVLabs, with the help of Rootstock technology, will bring Everyday DeFi to a global audience. Onboarding the first billion users is the primary objective. The Promise of Everyday DeFi It sounds very appealing to see more decentralized finance opportunities for everyone. Despite the industry’s popularity, it primarily caters to existing cryptocurrency users and holders, whereas the rest remains a bit left out. That is unfortunate, as over a billion people are still unbanked or underbanked today. A viable solution needs to be found between...

NewsBTC: TA: Ethereum Fails Near Key Resistance, Why $1,700 Is The Key

Ethereum struggled to clear the key $1,920 resistance against the US Dollar. ETH declined sharply and now testing the main $1,700 support zone. Ethereum failed to surpass the main $1,920 resistance zone. The price is now trading below $1,800 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair might decline heavily if there is a clear move below the $1,700 support zone. Ethereum Price Trims Gains Ethereum gained pace above the $1,850 resistance level to start...

NewsBTC: The Nightly Mint: Daily NFT Recap

Ready, set, run. This NFT horse racing game just paired with one of the biggest beer brands in U.S. while one of the biggest video game developers and publishers is dipping their toes in play-to-earn. Another day, another slate of NFT headlines. Let’s review a few of the biggest stories in the non-fungible token space today. The Nightly Mint Latest Mint: Budweiser Hits The Ground Zed Running Zed Run certainly sees less mainstream coverage today than it has previously, but the digital horse-racing NFT project – powered cross-chain on Ethereum and Polygon – continues to nail down major partnerships, and...

NewsBTC: Aave Broke Past Crucial Resistance, Which Way Is It Headed Now?

Aave managed to break past its crucial resistance of $104 over the last 24 hours. As the market demonstrated strength, altcoins across the industry attempted to move north. Bitcoin climbed above the $30,000 price level and this extended gains across the altcoin market. At the time of writing, Aave was still quite close to the $104 price level which now acts as a support. The bulls need to amplify in order for the bearish thesis to be invalidated. Over the last week, Aave gained about 10% on its chart. A current fall in price will push the coin below the...

NewsBTC: TA: Bitcoin Turns Bearish, Risk of Drop Below $29K

Bitcoin failed to continue higher above $31,750 against the US Dollar. BTC declined sharply and traded below the $30,000 support zone. Bitcoin started a fresh decline from the $31,750 region. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $30,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down towards $28,500 or even $28,000. Bitcoin Price Dives 6% Bitcoin price extended increase above the $31,400 resistance zone. However, BTC struggled...

NewsBTC: Cardano (ADA) Seems To Have Gained Its Bullish Streak Again, What’s Next?

Cardano (ADA) has been one of the top gainers in the last 24 hours. Price of asset has pictured a bullish action on the daily chart. The bulls have regained strength and has continued to move past other resistance marks. The major resistance mark for the coin now rests above the $0.60 level. After the coin manages to trade above the aforementioned price level for the upcoming trading sessions, the bulls will find a strong footing. If ADA fails to cross above the $0.64 crucial resistance mark then the coin can again fall back to the $0.50 support level. With...

NewsBTC: Bullish: Bitcoin Marks First Green Weekly Close After Two Months In The Red

Bitcoin has been marking multiple weeks of consecutive red closes. This has been the case for the last two months when the leading cryptocurrency had seen 9 consecutive weeks of red closes. Unsurprisingly, this had pained a very bearish image for the digital asset. However, it seems the tide has begun to turn as bitcoin has now ended its streak. A break above $30,000 in the early hours of Monday put BTC in its first weekly close in more than two months. Better Days Ahead For Bitcoin? While the price of bitcoin has been in recovery, it does not exactly...

NewsBTC: Sentiment Check: Investors Add To Their Bitcoin Positions, $126M In Net Inflows

Bitcoin approaches a critical level of resistance as it was finally able to break its downside price action. The cryptocurrency stills face numerous headwinds if it wants to reclaim previous highs, but some clues point to potential short-term relief. Related Reading | Ethereum Single-Day Liquidations Reach Three-Year High As Price Breaks $1,900 At the time of writing, the benchmark cryptocurrency trades at $31,400 with a 5% profit in the last 24-hours and a 6% profit in the past week. This has been one of the best trading sessions for BTC’s price in the past week and suggests a potential change in...

NewsBTC: Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently

On-chain data shows Bitcoin whales holding between 1k to 10k BTC have expanded their reserves recently, a sign that could be bullish for the crypto’s price. Bitcoin Reserves Of 1k-10k BTC Holders Have Observed Growth Recently As explained by an analyst in a CryptoQuant post, the whales holding between 1k to 10k BTC have shown smart-money behavior in the past as they usually buy near bottoms and sell near tops. The relevant metric here is the total amount of coins currently being held by the different holder groups in the Bitcoin market. The criteria for grouping the investors here is...

NewsBTC: Why Commodities Could See Decline Soon, Good News For Bitcoin?

Global commodities could be about to take a hit, the move might translate into some relief for Bitcoin and the crypto market. The nascent asset class has been experiencing downside pressure as the U.S. Federal Reserve (FED) is set to stop inflation from worsening. Related Reading | Bitcoin Records 1st Weekly Green Candle In 3 Months – A Start Of A Bull Run? At the time of writing, Bitcoin (BTC) trades at $31,300 with a 4% profit in the last 24-hours. In the past week, the benchmark crypto records a 6% profit. BTC’s price has finally broken its consecutive weeks of...

NewsBTC: DEA Appoints Tatsuya Kohrogi Vice President & Head Of Global Business

Singapore-based GameFi ecosystem Digital Entertainment Asset Pte. Ltd. (DEA) has revealed the appointment of Tatsuya Kohrogi to the role of Vice President and Head of Global Business. Kohrogi will be leveraging his extensive experience to help DEA expand into new markets. Commenting on the company’s latest talent acquisition, DEA CEO Naohito Yoshida notes, “Tatsuya is a dynamic leader and is highly experienced in building partner relations, creating and implementing leading initiatives and strategies. As we begin to expand our business across Asia, Europe, and North America, we are confident each region will grow under Tatsuya’s leadership.” Prior to joining DEA,...

NewsBTC: Ethereum Single-Day Liquidations Reach Three-Year High As Price Breaks $1,900

Ethereum is back on another winning streak as it breaks above $1,900. This follows a weekend that was mostly characterized by low momentum but would eventually turn for the better. In the wake of this, there have been a lot of short liquidations in the market due to the recovery. However, the liquidations in Ethereum hit a new three-year high when thousands of short positions were liquidated on the Bitfinex cryptocurrency exchange. Bitfinex Short Liquidations Grow The Bitfinex crypto exchange is one of the largest exchanges in the world and is highly favored by both amateur and professional traders. This...

NewsBTC: How Fractional Ownership Is Bringing Iconic Real-World Objects To The Public

Fractional ownership has become a hot topic in the decentralized world. Now that many industries have integrated blockchain technology, which are the latest industries jumping aboard the trend of fractionalization? How can it improve accessibility to the market of high-end collectibles? Read on to find out. Driven by fast-paced blockchain technology adoption, the concept of fractional ownership has had a recent increase in its usage and familiarity on the world scene. As a result, what was once an idea understood mainly by those operating in the stock market is now part of the vernacular of newcomers to the world of...