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Bitcoin (BTC) Falls Sharply Towards $60,000 — Where Will It Find Support?

Bitcoin (BTC) decreased considerably on Nov 15 and followed it up with an even sharper fall on Nov 16. It is currently attempting to find support.Sponsored Sponsored BTC has been moving downwards since reaching an all-time high price of $69,000 on Nov 10. The downward movement was followed bearish divergences in both the MACD and RSI. Such occurrences often precede bearish trend reversals. The closest support level is found at $57,850. This is the 0.382 short-term (white) Fib retracement support level. If it fails to initiate a bounce, there would

Meet the dETH Token, a HODLable Leveraged ETH

The world of finance is being turned on its head thanks to the new wave of innovative Decentralized Finance (DeFi) applications being created. Sponsored Sponsored The transparency and decentralization offered by DeFi protocols are unparalleled, making it impossible for traditional financial services to match. The oldest and most time-tested financial products are now being replicated on the blockchain. Not only that, but we are also witnessing the birth of new and never-before-seen financial services such as cryptocurrency synthetic assets, decentralized exchanges (DEXs), and decentralized insurance, just to name a few.Sponsored

Here’s how crypto-market’s 24/7 trading is setting an example

The past couple of years have witnessed the continued growth of institutional investments flowing into the cryptocurrency market. It includes not only hedge funds and family offices but even pension funds and conservative custody banks parking their funds here. Naturally, this has led to the entangling of traditional and crypto finance, with the latter having profound effects on stock and currency markets. These include the trading times that these markets follow. While cryptocurrency exchanges operate non-stop, traditional exchanges operate only during specific days and time frames. This could change in

Blockchain unicorn Animoca Brands teams up with a K-Pop agency to create NFTs

Animoca Brands, a Hong Kong-based blockchain game developer, is teaming up with a Korean entertainment agency to offer digital collectibles starring music artists and actors, adding K-pop groups to the non-fungible token hype.  The move will add to the increasing list of celebrities who have embraced NFTs, which also includes BTS. K-pop related NFTs On Monday, Animoca announced a collaboration with Cube Entertainment, the South Korean talent agency behind girl group (G)I-dle and boy band BTOB, to start an NFT-related project.  NFTs are blockchain-based digital assets that verify the validity

TA: Ethereum Regains Strength, Indicators Suggest Fresh Run To $4,850

Ethereum started a fresh increase from the $4,500 zone against the US Dollar. ETH could extend upsides towards $4,850 unless it fails to stay above the 100 hourly SMA. Ethereum started a fresh increase above the $4,600 and $4,700 levels. The price is now trading above $4,650 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains above the $4,800 resistance zone in the

‘Properties like Ethereum, Algorand are gonna go up’ because…

The market **is** choosing — Bitcoin and other cryptocurrencies — over paper money, with which governments are conducting a very dangerous experiment. Although, here’s another common scenario. Buying Bitcoin is better than putting their money into traditional assets like stocks, bonds and gold. This renowned hedge fund manager recently discussed the same in a CNBC interview – although incorporated a different scenario to this discussion. Anthony Scaramucci, a former White House Communications Director expects Bitcoin (BTC), Ethereum (ETH) and Algorand (ALGO) to serve gold’s role as the superior inflationary hedge.

Lending protocols lead market recovery as Maker paves way for gains

After Bitcoin’s ATH of $69k on 10 November, not just the top coin, but the larger market has been somewhat mellow. However, even with the top two coins consolidating, there seemed to be some altcoins that presented double-digit gains as they rallied. Interestingly, the lending protocol landscape was one that seemed to be making the most headlines, with Maker leading the way with 8% gains.  The DeFi sector seemed to be paving the way for recovery with DeFi’s Total Value Locked increasing by 5.27% from last week, pushing the TVL

Cryptoday 058 – Paano Kumita Gamit ang Katana Dex ng Axie Infinity (Part 2)

Share some Bitpinas love:Isang linggo na ang nakakaraan simula ng lumabas ang Katana, ang decentralized exchange ng Sky Mavis. Ngayon ay mayroon na akong sapat na impormasyon upang makapagbigay ng mga praktikal na payo. Narito ang TLDR; Hindi natin maaaring husgahan ang maaaring kitain sa Katana base lamang sa trading fees. Kapag ginawa natin ito, mag-mimistulang mas mababa ang kita dito kumpara sa AXS staking. Ang tanging paraan upang masuri ito ay ang pag estima ng halaga sa hinaharap ng $RON rewards. At lubos na magiging teknikal ang usaping ito!This

Christine Rankin and Viktor Fritzén Join CoinShares as Non-Executive Directors

Europe’s largest digital asset management firm, CoinShares announced the appointment of Christine Rankin, a former partner at PWC, and Viktor Fritzén, former corporate finance analyst at Goldman Sachs, as independent non-executive directors of the company today.The newly appointed independent non-executive directors have extensive experience in the global financial sector. CoinShares aims to expand its operations and services in the future.In her career, Rankin held key positions at some of the leading organizations in the world. Currently, she holds the position of Senior Vice President, Corporate Control of Veoneer, a worldwide

9 Random Questions About Shiba Inu Answered

As the meme coin hype continues, more and more people are finding out about Shiba Inu and crypto in general. As a result, there are many random questions surrounding Shiba Inu that many newcomers to crypto might not know the answers to. Let’s go over some of the most popular questions on Google that people have about Shiba Inu. Is Shiba Inu coin real? One of the most popular questions is whether or not $SHIB is real. Shiba Inu is real in the sense that it’s a ERC20 token that

U.S. Banks Entering Cryptocurrency Adds Real Legitimacy To The Industry

The United States government is once again adding more legitimacy and credibility to the rapidly growing cryptocurrency industry. This is through clear regulations that will further incorporate the sector into the country’s financial system and economy. Sponsored Sponsored In an interview with Reuters, Jelena McWilliams, chair of the Federal Deposit Insurance Corp. (FDIC), said that banks must be allowed to hold crypto on their balance sheets, provide custodial accounts in digital assets and facilitate crypto trading for clients. Thus, demonstrating the rapid rise of digital assets this year. In addition to

Shiba Inu Leads the Pack — Top Altcoin Gainers of October 2021

October was a very bullish month for cryptocurrencies. Bitcoin (BTC) increased by 32% and reached a new all-time high price on Oct 20 and six altcoins increased by triple digits, led by Shiba Inu (SHIB).Sponsored Sponsored The ten altcoins that increased the most during the month of October were: Shiba Inu (SHIB): 1005%Secret (SCRT): 350%Frax Share Price (FRX): 224%Fantom (FTM): 190%Curve DAO Token (CRV): 120%Harmony (ONE): 100%1Inch (1INCH): 97%Near Protocol (NEAR): 79%Thorchain (RUNE): 75%Axie Infinity (AXS): 67% SHIB SHIB has been moving upwards since the beginning of October. It has