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“# American convenience store chain now accepts Bitcoin payments ” Retail crypto payment acceptance in the United States continues to grow as Sheetz announces plans to allow the use of virtual currencies in its outlets across America. In a release issued on Thursday, the convenience store chain announced its partnership with digital payments provider Flexa…
“# Crypto will ‘come to life’ in Nigeria, central bank governor says ” At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC) will be legal in the country, Business Insider reports Wednesday. Emefiele did not directly mention a decision…
“# Shanghai Man: Miners banned, exchanges targeted? Here’s what’s really happening ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China regulations, FACT or FUD? Normally, this weekly column takes a…
“# Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000 ” Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000…
“# VCs back Balancer with $24.25M investment ” The capital raise was led by Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital and Kain Warwick, the founder of DeFi protocol Synthetix. The funds will be used to strengthen Balancer’s role as a core infrastructure provider of the DeFi market. “By allowing for the…
“# Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon ” The May 28 futures and options expiry could be a turning point for Ether (ETH) as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the open interest stands at $6.2 billion, only 16% is…
“# ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance ” Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that enables cryptocurrency networks to more easily mint their own stablecoins securely. By utilizing ICHI’s DMA, cryptocurrency communities can create and govern their own fully-collateralized stablecoins and set their value at exactly $1….
“# SEC begins formal review of Fidelity, SkyBridge Bitcoin ETF applications ” A pair of Bitcoin (BTC) ETF applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, or SEC, reigniting a long-standing debate about whether regulators will finally approve America’s first crypto-focused ETF. The…
“# 3 ways traders use moving averages to read market momentum ” The first step to successful trading is the identification of medium and the short-term trends. Traders who remain on the right side of the trend and use risk management principles usually end up earning profits. An equally important activity in the trading process…
“# Pumped up by volume? 5 crypto assets that traders loved this month (and their prices) ” Trading volume — the amount of an asset that changed hands over a given period — is one of the key metrics that investors use to track price trends and assess the market outlook for a specific coin…