A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency
Month: September 2021
The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that allowed ERC-20 tokens to
China bans Bitcoin (BTC), again. No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with
XRP has picked bullish momentum in the 1-hour chart with a 4.7% increase. Higher timeframes seem equally bullish with the weekly and monthly chart recording a 7.8% and 154% rally, respectively. XRP retraces in the daily chart. Source: XRPUSDT Tradingview XRP price performance has recovered since the start of 2021 when the token experienced a
Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure. This sent Bitcoin and Ethereum back to their critical support zones. At the time of writing,
Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week. According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh aging process. 1-year-old supply bottoms out Highlighting its active supply metric, Glassnode researchers noted that the percentage of the Bitcoin
Axie Infinity’s native cryptocurrency AXS bounced higher on Se as the market’s focus shifted on its listing across two major crypto trading platforms: Bitfinex and Bitstamp. The AXS/USD exchange rate surged 15.52%% to $69.86, negating all the losses that it incurred at the beginning of this week. The intraday rally came as a part of
While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products. On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round. Each block bundle is known as an epoch, which are finalized
Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: After failing to reach $50,000, Bitcoin (BTC) slid back down to $40,000 on Monday before recovering to $44,000. What, or who, was behind this pullback? Dogecoin
It’s not the first time that the native token of the Avalanche blockchain has encountered wild fluctuations. In February, AVAX shot as high as $60 only to reach a nadir in June–July. But after bottoming at $9.34, AVAX is now beyond $60 and is currently trading at $76. This has earned it a spot in
Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by them. These assets can be anything from fiat money, commodities like
This week’s combination of bearish factors was enough to bring Bitcoin (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept.24. There’s still room for some surprises, especially considering the deadline is 8:00 UTC on Sept. 24. However,
Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the FOMC meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out
The emergence of decentralized finance (DeFi) has reshaped the landscape of the cryptocurrency ecosystem, which was once dominated by centralized exchanges like Coinbase and Binance and helped to make it more accessible for users and projects seeking to gain access to the markets. As DeFi emerged as a cheaper, more accessible option for investors and
Ripple’s partner Accenture, the technology and business consulting firm, has published a paper with SWIFT on the potential for central bank digital currencies (CBDC) payment solutions. Titled “Exploring central bank digital currencies: How they could work for international payments”, the paper claims there is surging interest for these types of assets. Accenture is a Fortune
A new survey has revealed bleak insights into the apparent willingness of retail investors to follow digital asset advice from the social media accounts of celebrities and influencers. According to a Morning Consultant survey of 2,200 U.S. adults, 45% of crypto-holding respondents indicated they would be likely to seek exposure to a digital asset if
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