Exchange tokens bounce from key support levels as COIN looks for direction

Bitcoin’s sharp correction to $50,000 brought Binance Coin, FTX Token, OKex and Huobi Token to their lower support levels but data shows there is still a bullish case for exchange tokens. A lot of hype was built up before the Coinbase listing on the Nasdaq on April 14 and several cryptocurrencies rallied in the run-up to the event. However, traders usually buy the rumor and sell the news. In this case, they bought until the event, and then several investors seem to have booked profits aggressively. This resulted in a correction in several major cryptocurrencies, including Bitcoin (BTC). Crypto market…

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Gilded adds bulk pay feature to facilitate ETH and stablecoin payments for up to 500 users

CryptoNinjas » Gilded adds bulk pay feature to facilitate ETH and stablecoin payments for up to 500 users Gilded, a B2B payments and accounting platform for cryptocurrency, today announced the availability of Mass Pay, a full-service solution that allows businesses to pay up to 500 employees at once in ethereum-based tokens including stablecoins. Mass Pay enables any business to become a blockchain business, facilitating one streamlined cryptocurrency transaction that saves them time and prohibitive gas fees when on the Ethereum blockchain. “In a climate with an increasingly tech-savvy workforce that’s embracing the maturing crypto ecosystem, the appetite for salaries paid…

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Decentralized trading exchange Injective Protocol closes $10M funding round

CryptoNinjas » Decentralized trading exchange Injective Protocol closes $10M funding round Decentralized derivatives exchange Injective Protocol, today announced that it has closed a funding round of $10 million, valuing the network over $1 billion. Injective enables instant transaction finality and allows its users to trade with zero fees. Led by a team of Stanford and Harvard graduates, Injective streamlines fully decentralized trading with a fast and secure layer-2 exchange that allows individuals to trade any market, including stocks, crypto, forex, crypto, NFTs, and even synthetic assets. A group of prominent new and existing investors who participated in the round includes…

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Bitcoin vs Dogecoin – Difference at network level

With all the Dogecoin hype , mainstream media has been comparing Doge with established cryptos like Bitcoin. Trying to understand the difference at the technical level - It comes up that Bitcoin network has better security. Is that due to the hashrate ? If more miners start switching to Doge, wouldn't that solve the problem ? Doge code is also almost same as Bitcoin. Ignoring the coin supply factor, where Doge can continue creating 5 billion coins per year, is there any other reason Bitcoin network is superior ? Does it boil down to simply which network gets more adoption…

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Potential Island Reversal Leaves Bitcoin Bulls Stranded

Months ago when Bitcoin price made it through $13,000 top analysts said “the train has left the station,” and they were right. Or maybe a rocketship would have been a better analogy. The cryptocurrency took off and has yet to refuel, until now. With momentum waning, bears have staged an “island reversal” that could push off higher prices again for some time. Here’s what to expect from the tropical-sounding pattern that could leave bulls stranded for some time. Technical Analysis Education: What Is An Island Reversal? According to Investopedia, an “island reversal” is a price pattern on a daily candlestick…

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Interview: Understanding The Bitcoin Market With Glassnode’s Rafael Schultze-Kraft

Glassnode’s Rafael Schultze-Kraft joined "The Bitcoin Magazine Podcast" to discuss the insight offered by on-chain Bitcoin analytics. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast This week for “The Bitcoin Magazine Podcast,” host Christian Keroles and guest host William Clemente sat down with Rafael Schultze-Kraft, the CTO of Glassnode. Glassnode is an on-chain analytics company and it thrives by making it accessible and easy for Bitcoin enthusiasts, investors and analysts alike to get their hands on cutting-edge metrics and indicators for bitcoin and other major cryptocurrencies. On-chain analytics is the practice of using blockchain…

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Brian Armstrong: Crypto Regulation Is a Big Problem

Brian Armstrong – the CEO of Coinbase, one of the world’s largest and most popular cryptocurrency exchanges – has been having one heck of a week. The trading platform made its stock debut on the Nasdaq a few days ago, and things appear to really be taking off. Brian Armstrong: No Hacks, No Regulation Coinbase saw its stock trading for well over $300 per share. Given that the company is likely valued at more than $100 billion at this stage, this is small beans compared with what could potentially arrive in the future. The cryptocurrency space has grown to unprecedented levels…

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Uniswap Price Analysis: 20 April

A lot of the gains Uniswap was able to register in the past month were undone as bearish pressure overwhelmed the crypto market a few days back. While many of the altcoins were quick to recover, UNI’s case wasn’t the same and since the price drop, UNI has been trading extremely range-bound.  At the time […]

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B2Broker Continues to Work Hard to Deliver a Full Suite of Technology and Liquidity Solutions

PRESS RELEASE. B2Broker is a technology and liquidity provider serving clients in the crypto and foreign exchange (FX) industry with over 165 employees worldwide. Since setting out in 2014, the company has secured some of the most well-known global clients in the financial services industry, resulting in over 350 institutional customers to date. The company has a strong track record of releasing new and updated products to cater for its expanding client base and is now recognised as having the deepest multi-asset liquidity pool in the industry, aggregating multiple liquidity providers. B2Broker has also made big strides in recent years…

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PotCoin launches new desktop and mobile wallets; NFT treasure hunt with over $150K in prizes

CryptoNinjas » PotCoin launches new desktop and mobile wallets; NFT treasure hunt with over $150K in prizes PotCoin, a cryptocurrency for the digital and global cannabis industry, today announced some new updates including an NFT treasure hunt with over $150,000 in prizes, new desktop and mobile wallets, and the launch of PotCoin Rewards. New Mobile & Desktop Wallets With the migration of PotCoin to the Nexus Network, one of the most exciting projects coming to life is the launch of new and improved desktop and mobile wallets. Sending and receiving coins is the network and making it a smooth experience will…

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Communist Party of Cuba Suggests Including Cryptocurrencies as an Alternative to Deal With Economic Crisis

When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing interest in digital assets to face the economic crisis. Party Delegates Want to Assess Feasibility of Cryptos in the ‘Current Economic Conditions’ According to Directorio Cubano, some members of the PCC suggested that the country should make its inception into the crypto sphere as “an alternative to face the current economic crisis” that…

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Snack companies are openly celebrating 4/20 thanks to DOGE

Since Slim Jim began furiously promoting Dogecoin on Twitter in February, the number of followers on its account has quintupled. United States-based meat snack Slim Jim is the latest food brand to jump into the crypto space by promoting the meme-centric cryptocurrency Dogecoin. In a tweet today, Slim Jim announced it was launching its own nonfungible token, or NFT, featuring the Dogecoin (DOGE) Shiba Inu on the face of the moon underneath a rocketship with the body of the slender meat snack. The NFT offering follows a fury of tweets since February — the sheer number of which might even make Elon…

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A Rising (or Falling) Crypto Tide can Lift (or Lower) All Coins

Below is a short note on recent tides in BTC and crypto-assets from Justin Chuh, Senior Trader at the regulated digital asset investment manager Wave Financial. Q1 2021 hedge fund letters, conferences and more Short-Lived Highs Bitcoin, ether, and almost every other of the 8,000+ cryptocurrencies in the $2 trillion class enjoyed relatively short-lived highs […]

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Despite Deep Plunge, Bitcoin Exchange Reserves Keep Dwindling

After a record weekend liquidation, Bitcoin price bounced back above $57,000 – gaining back approximately $3,000. At 14:21 GMT on Monday, the price of the coin was trading at $56,367, at a gain of 2.32% in the last 24 hours. The Sunday fall saw about $9.79 billion bleed out of long positions getting “rekt,” making the weekend fall one of the biggest liquidation events in the entire history of crypto. Historic Liquidations Send Prices Tumbling On Hash Rate FUD The sell-off has been attributed to several FUD including Coinbase founders selling their stock to the recent slump in Bitcoin hash…

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How IBM Will Turn Patents On NFTs With Its Blockchain

IBM’s partner IPwe will tokenize patents as non-fungible tokens (NFTs), according to a press release. The company will build an infrastructure to store the NFTs. The objective is to improve the way patents are traded. IPwe hopes to “bring new liquidity to this asset class for investors”. Hosted on IBM Cloud, IPwe’s platform operates as a “global patent marketplace”. On it, users can research, seek, and transact with Intellectual Property. The company has operations in over 50 countries worldwide. Per the release, the cooperation aims to offer corporations and investors a transparent platform to trade their patents. A company could…

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With DeFi, two coins stand out YFI and Aave…here’s why

The past few months have seen significant growth in the cryptocurrency market. Despite short-term price correction that tends to punctuate the market, the overall price trend has been upward and DeFi tokens too have seen considerable growth in similar timeframes. DeFi’s total value locked illustrates this growth, having surged from over $700 million to close […]

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Despite Hash Rate Drop, Surge In Transaction Fees, Bitcoin Is Resilient

A recent plummet in hash rate and spike in transaction fees has raised some questions about Bitcoin’s resilience. But they shouldn’t. Over the weekend, the Bitcoin hash rate dropped off a cliff, leaving many industry participants wondering what had happened. Over the last couple of days, information and context has been provided by industry experts as to what was behind this steep fall in hash rate. For instance, this Twitter thread by Mustafa Yilham does a great job explaining the current situation. TLDR: A large amount of Bitcoin miners in the Xinjiang region had to shut off their machines, due…

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Lucky Gift Cards: When The Pool Wins, You Win Bitcoin

Gift cards are always popular due to their flexibility. A recipient can head to the store and purchase anything they want on their own time. The giver does not have to worry or stress about finding the perfect gift. They also don’t have to figure out what a loved one or friend’s personal needs or preferences are. But did you know there’s a way to give a gift card to commemorate a special occasion and help them potentially win bitcoin? And before you ask: Yes, you can also purchase a Lucky Gift Card for yourself! Lucky Gift Cards allow holders…

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Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high

Monero's price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors. As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success. One such project that has been gaining traction in recent weeks is Monero (XMR), a privacy-focused project that recently celebrated its seven-year anniversary and is now looking…

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