Bitcoin bulls controlled most of the price action in the market last week despite the mundane trading. The flagship cryptocurrency managed to clear the resistance at $55,500, which bolstered the price to around $59,000. Although investors had speculated BTC closing the day above $60,000 on Monday, a correction ensued, with the largest cryptocurrency diving under
After attaining $59,000 levels on Monday, May 3, Bitcoin has slumped back 4.5% and is currently trading at $55,677 with a market cap of $1.042 trillion. Although Bitcoin seems under selling pressure at this point, its on-chain fundamentals clearly point that the world’s largest crypto is undervalued at this stage. Bitcoin’s Network Value to Transaction
Ethereum launched to another colossal milestone after striking price levels beyond $3,000. The gigantic smart contract token rallied as Bitcoin failed to rise above $60,000. The lift above $3,000 paved the way for gains that closed the gap toward $3,500. In the meantime, ETH trades at $3,250 after losing some ground from the all-time high.
eFIN is a comprehensive suite of blockchain-based solutions, including a decentralized exchange, a privacy coin, a mobile and web wallet, and a hybrid dex swap aggregator. The project intends to address some of the prominent challenges of the blockchain industry. eFIN is aiming for exponential growth and mass adoption with its strategic partners, such as
Looking to cash in on that new process of cryptocurrency staking? ethbox is a new interface design that can help provide transparent and user-friendly staking for first-timers and other crypto investors, in today’s diverse defi markets. Essentially, ethbox operates on the basis of using ERC20 + BEP-2 is already running, more token standards will be
Dogecoin ($DOGE), the meme currency turned sixth largest crypto asset rose above $0.40 again after weeks of consolidation post reaching ATH of $0.4377. The recent price surge is believed to be fueled by the eToro support that added the meme currency for millions of its customers today. The trading app boasts of 20 million customers
crypto.com, a Hong Kong-based cryptocurrency payment platfrom with over a 3 million user base has become the first firm to use CipherTrace’s new traveler tool to comply with FATF’s global Anti-Money Laundering (AML) travel rule laws. The newly updated FATF guidelines are considered to be quite complex and thus a compliant solution from CipherTrace makes
Digital Currency Group (DCG), the parent company of the world’s largest crypto asset manager Grayscale has approved to increase the purchase of Grayscale Bitcoin Trust ($GBTC) worth $750 million in a recent announcement. The recent purchase would increase the GBTC holding by $500 million on top of early authorization for a $250 million purchase. As
Etheruem (ETH) has stormed the crypto market clearly hitting new all-time highs every single day. The ETH price touched an all-time high of $3194 earlier today toppling some of the top financial institutions like PayPal and Bank of America. The ETH performance over the last month has been nothing short of pathbreaking. In fact, it
Chicago Mercantile Exchange (CME) Group, the world’s leading, and most diverse derivatives marketplace is launching Micro Bitcoin Futures which would be 1/10 of the Bitcoin value and promises to offer an efficient way for institutions to invest in one of the fastest-growing digital asset markets. Tim McCourt, CME Group Global Head of Equity Index and
One new company is looking to revolutionise the prize game sector, crowning 58 millionaires in the process and ultimately, one billionaire. That company is UK-based, Goobig. Originally setting out to create a company that could challenge traditional national lotteries and simultaneously stimulate a much younger, tech savvy audience, Goobig aims to go one step further.
Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this, Accenture has entered a non-profit partnership with the Digital Dollar Foundation. The report comes just at a
The world’s second-largest cryptocurrency Ethereum (ETH) is roaring past new highs every single day. After hitting the $3000 milestone earlier today, ETH is now trading 10% up at a new all-time high of $3194 and a market cap of $369 billion. This ETH price rally has been backed by strong fundamentals as well as with
The world’s second-largest cryptocurrency has smashed past its historic milestone of $3000 today! At press time, ETH is trading at a price of $3052 with a market cap of $353 billion. The ETH price rally has been historic since the beginning of 2021. Just over the last four months, ETH has surged 4x or delivered
Revolut Finance App, a popular mobile banking application with nearly 15 million users has become the latest mobile finance app to offer Bitcoin withdrawals as per leaked emails accessed by Forbes. This bull season Bitcoin has seen one of its biggest adoptions drives with many mainstream payment processing giants such as PayPal, Venmo, and Square
The total value of Grayscale Ethereum Trust has reached over $9.3 billion today as the second largest continues its bullish momentum throughout the week. Grayscale’s private crypto investment funds have become quite popular among investors in the absence of regulated crypto investment vehicles for institutions. The Grayscale Bitcoin Trust is one of the largest crypto