Altcoins soar after Bitcoin price bounces off a key moving average
Bitcoin price reliably bounced off the 20-day moving average, which catalyzed an explosive rally from VGX, CHSB and EWT. Go to Source Powered by WPeMatico
Month: August 2021
Polygon will create a decentralized autonomous organization
“As the Polygon ecosystem grows, the committee members have a front-seat opportunity over others to increase cross-collaboration for their products,” said the platform. Go to Source Powered by WPeMatico
Bitcoin gains strength as Friday’s $600M BTC options expiry approaches
The Fed’s plan to taper a massive monthly economic stimulus pulled stocks down, but BTC ignored critical comments and looks strong heading into Friday’s options expiry. Go to Source Powered by WPeMatico
Avalanche (AVAX) in ‘overbought’ zone after 100% gains in a week — Correction ahead?
The AVAX/USD exchange rate slips more than 16% after testing its May 2021 resistance level. Go to Source Powered by WPeMatico
Crypto-friendly CFTC commissioner Brian Quintenz reportedly plans to step down
Quintenz’s 5-year term at the agency was originally scheduled to end in April 2020, but he has twice extended his departure. Go to Source Powered by WPeMatico
Weekly Defi Swaps Tap $17 Billion While Dex Aggregators Now Share 22% of the Trade Volume
Over the last seven days, decentralized exchange (dex) trade volume has tapped $17 billion across the 21 Ethereum dex platforms. Pancakeswap has seen between $400K to $860K every 24 hours during the last week as well. Meanwhile, dex aggregators are eating away at dex trade volumes, becoming more popular by the day. Uniswap Commands Top … Read more
BTC price holds $44K support in ‘great sign’ for Bitcoin bulls
Bitcoin refuses to dip to even its $42,000 February all-time highs, but familiar resistance higher up looms large. Go to Source Powered by WPeMatico
Galaxy Digital partners with Bloomberg for DeFi index
According to Bloomberg, the nine DeFi assets selected for the index at launch were based on “institutional trading and custody readiness” in the United States. Go to Source Powered by WPeMatico
Global Cryptocurrency Adoption Jumps 881% Led by Asian Countries, Index Shows
Blockchain data platform Chainalysis has published its 2021 Cryptocurrency Adoption Index, which ranks 154 countries by crypto adoption. According to the firm, global crypto adoption has grown by over 2,300% since Q3 2019 and over 881% in the last year. New Global Cryptocurrency Adoption Index On Wednesday, Chainalysis published a preview of its 2021 Geography … Read more
Stablecoin adoption and the future of financial inclusion
With the proper regulation, stablecoins could potentially fulfill their promise and enable more funds to reach those in greatest need. Go to Source Powered by WPeMatico
