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“# Visa invests $150,000 in NFT CryptoPunk Asset ” Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017. In a blog post announcement released…
“# These 2 indicators gave traders a buy signal hours before Filecoin and Near rallied ” In financial markets, the uneven distribution of information comes hand-in-hand with theuneven distribution of economic power. The cryptocurrency market is no exception and oftentimes those with insider knowledge or access to industry-grade data intelligence tools can put their digital…
“# Robinhood shareholders want crypto wallets and a hat ” Retail shareholders of crypto-friendly trading app Robinhood are demanding a crypto wallet along with a branded hat and hoodie, a public shareholders questionnaire revealed. The public question crowdsourcing platform Say, which was Robinhood’s first purchase after it went public, enabled retail shareholders of Robinhood to…
“# Pro traders know it’s time to range trade when this classic pattern shows up ” A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes,…
“# Bullish Ethereum traders can place risk-averse bets with this options strategy ” Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee…
“# Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time ” Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s…
“# VGX, PERP and LUNA rally while Bitcoin price struggles to hold $38K ” Last week’s momentum in Bitcoin has all but faded as (BTC) price is once again below the $39,000 level with bears and bulls locked in a heated battle for market dominance. Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin price falters,…
“# Bitcoin technicals: How low will BTC price go after failing at $42K resistance? ” Bitcoin (BTC) has seen an impressive rally of 44% with ten green days in a row. This rally and the substantial number of green days resulted in a sentiment shift. Practically two weeks ago, the market was comparable to a…
“# 3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks ” Ethereum’s native asset Ether (ETH) dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion. In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time…
“#‘Little guy’ may feel sharp pain from Robinhood’s IPO arrow” The people at Robinhood made IPO history this past week when they reserved an unheard-of chunk of its initial public offering, around 35 percent, for the trading app’s small-investor clients. And if you’ve been listening to company honchos and its soon-to-be mega-rich CEO Vlad Tenev,…