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“# 3 reasons why Elrond (EGLD) price is hitting new daily highs ” DeFi-focused protocols are seeing a sustained upward move and the the momentum appaers to be picking up pace now that the NFT sector has cooled off over the past two weeks. Since the beginning of August, Elrond (EGLD), a scalable and secure…
“# New report reveals top-graded exchanges at three-year peak volume dominance ” Recent data from market analyst firm CryptoCompare reveals that the leading six cryptocurrency exchanges, as per the company’s analytical model, were responsible for a three-year high in spot volume throughout the month of August. The metric grades all cryptocurrency exchanges across a multitude…
“# 2 key Ethereum price metrics back traders’ confidence in $3,800 ETH ” According to derivatives markets, Ether (ETH) traders are still confident that there is the chance formore upside even though the 23% correction on Sept. 7 took a hit on prices. Ethereum network congestion also peaked on Sept. 7 when the average transaction…
“# Are strong technicals enough to bring Bitcoin price to $100K in 2021? ” After scaling up to a relative high of around $53,000 just over two weeks ago, it seemed as though Bitcoin (BTC) was well on its way to reclaiming its former all-time highs. However, the series of events that unfolded over the…
“# Huobi Ventures launches $10M fund for early-stage GameFi investment ” Huobi cryptocurrency exchange’s dedicated investment arm, Huobi Ventures, has set up a $10-million fund to invest in early-stage GameFi projects that combine decentralized finance (DeFi) features with gaming. The fund will provide direct investment to projects that integrate blockchain gaming with DeFi mechanisms. The…
“# SEC chair doubles down, tells crypto firms ‘come in and talk to us’ ” Gary Gensler, chair of the United States Securities and Exchange Commission, is once again urging crypto projects with securities to register with the regulatory body to ensure thinvestors are protected. In a prepared statement for his testimony at the Senate…
“# Gala Games (GALA) rallies 265% shortly after Binance listing announcement ” Nonfungible tokens (NFT) and play-to-earn gaming are two of the hottest trends in the crypto sector because each presents new avenues for attracting users and the unique character of each niche allows participants to generate wealth rather than having to spend money to…
“# Price analysis 9/13: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI ” Bitcoin’s (BTC) failure to make a strong recovery in the past few days has resulted in profit-booking in most major altcoins, threatening to pull the total crypto market capitalization back below $2 trillion. The U.S. equity markets witnessed profit-booking and…
“# BREAKING: Coinbase plans to raise $1.5B via debt offering ” Coinbase, the largest cryptocurrency exchange in the United States, is planning to raise $1.5 billion via a debt offering, the company officially announced Monday. The Nasdaq-listed crypto exchange is looking to use the capital raised to further grow the company’s balance sheet for general corporate…
“# India’s Income Tax Department may soon target crypto trades and ecosystem ” As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured. According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax…