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“# Data shows Polkadot crashes after reaching $1B open interest — Will it happen again? ” Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger…
“# Parabolic gains for OriginTrail, Maker and XYO Network rouse ‘altseason’ hopes ” Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level. At the moment, gaming tokens, supply chain-related projects and…
“# To the moon: Huobi wants to send someone to space for its 8th birthday ” Huobi Group, a major global blockchain company behind the world’s third-largest cryptocurrency exchange by trading volume, is celebrating its eighth birthday in a somewhat unusual way. The company will hold a series of events as part of its eighth-anniversary celebrations,…
“# Illuvium, LCX and Tokemak hit new highs as Bitcoin dominance lingers ” During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC…
“# Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub ” Thailand’s oldest bank plans to become the majority shareholder of one the largest crypto exchanges in the country after a $536.7 million purchase. According to a Nov. 2 announcement, Siam Commercial Bank’s SCB X Group is expected to buy a 51% stake in…
“# Coinbase acquires Indian AI startup to improve customer service ” Coinbase, the largest cryptocurrency exchange in the United States, is working to improve its customer support while expanding in India by acquiring a new startup. Coinbase officially announced Tuesday the acquisition of Agara, an artificial intelligence-enabled support platform with operations in India and the…
“# Price analysis 11/1: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, LUNA ” Bitcoin (BTC) and Ether (ETH) had their highest monthly close ever in October, indicating strong momentum that favors buyers. The focus now shifts to November, which has been largely bullish for Bitcoin. Since 2013, Bitcoin has closed November in the…
“# Crypto.com is the #1 app in the Google Play Store in the US ” Cryptocurrency exchange Crypto.com now tops the charts as the most downloaded app for the U.S. Google Play Store across all categories. According to the most recent list of Google Play Store’s top free apps, Crypto.com’s app has surged in number…
“# Binance crypto withdrawals return to normal following system backlog ” Major cryptocurrency exchange Binance announced the suspension of all transaction withdrawals on its platform on Monday morning due to a “large backlog” of data. CEO, Changpeng Zhao, assured all users that funds were safe, before the functionality was restored. The platform shared this announcement…
“# Huobi trials NFT marketplace to further GameFi and metaverse strategy ” Huobi Group, the company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges. Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users…