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“# Bitcoin loses $48K as analysts eye next zones for a potential BTC price bounce ” Bitcoin (BTC) headed down to test new support on Wednesday after a breakdown of bullish trajectory sparked predictions of $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Old resistance provides a backdrop for BTC price rethink Data from Cointelegraph…
“# Philippine regulator tells Axie Infinity players they must pay tax on income from game ” Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games. An August 23 report…
“# Number of Cardano millionaires rises by 173% after ADA price hits new highs ” Cardano (ADA) addresses with a balance greater than $1 million have surged 173% during the latest ADA price rally. Specifically, the ADA/USD exchange rate gained almost 200% after bottoming out at $1.007 on July 20. The pair reached its record high of…
“# Bitcoin rejects $51K after Michael Saylor reveals new BTC purchase — What’s next? ” Bitcoin (BTC) is currently facing a crucial resistance to break through after a massive rally of 70% since the recent low in July at $28,000. This resistance is found in the psychological area between $50,000 and $51,000 and can be…
“# Bitcoin returns to classic resistance, but belief in a fresh BTC price pullback is fading ” Bitcoin (BTC) stayed tantalizingly close to $50,000 on Tuesday as bulls contended with a classic resistance level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Too late for “dirt cheap” Bitcoin? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3 ” The latest rally in the Cardano (ADA) market has activated a classic bearish pattern that threatens to lower its prices by as much as 15%. Dubbed as a rising wedge, the textbook pattern forms when the price consolidates between upward…
“# Swiss B2B bank InCore launches new tokenization tool using Tezos ” Deutsche Boerse-backed digital asset firm Crypto Finance AG and Swiss business-to-business (B2B) transaction bank InCore are launching a new tokenization tool based on the Tezos blockchain. InCore Bank officially announced Tuesday a new collaboration with Crypto Finance AG and Swiss IT consulting firm…
“# Monero price rises 20% after Atomic Swap implementation ” Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, has posted a 20% price surge following the launch of the Atomic Swap implementation program last week. On Friday, the Monero Project officially announced a rollout of the Atomic Swap implementation developed by the cross-blockchain protocol COMIT,…
“# Time to pump? Data suggests traders intend to push Filecoin (FIL) above $100 ” Filecoin (FIL) accumulated 65% gains over the past 30 days to reach its highest price since June 8. The recent strength was accelerated after an Aug.6 partnership with Chainlink’s oracle protocol on Aug. 6 allowed the projects to join their…
“# DeFi protocol BENQI hits $1B TVL days after launching ” Liquidity market protocol BENQI has reached $1 billion in total value locked, or TVL, less than a week after launching on the Avalanche (AVAX) network, a major milestone that highlights the explosive growth of decentralized finance (DeFi) lending services. Benqi Finance announced the milestone…