Cryptocurrency Analysis and News Portal
Cryptocurrencies continued this week’s slide on Thursday, with tokens of some of the largest blockchains by market capitalization falling as much as 6% in Asian hours before recovering slightly in early European hours.The move came ahead of a $6 billion options expiry for bitcoin (BTC) on Friday during a low-volume
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press release PRESS RELEASE. Avalanche has announced the integration of flexible fiat payment on-ramps on their network, thanks to a new integration with Alchemy Pay. Alchemy Pay is a payment solution that bridges fiat and crypto economies and it will now offer support for Avalanche’s public blockchain’s native token AVAX
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The wealth manager Vaneck has announced it has expanded its exchange-traded note (ETN) offerings to support the tokens polygon and avalanche. The two ETNs follow five previously launched funds in Europe that allow investors to gain exposure to leading digital assets. Vaneck Adds Polygon and Avalanche to Its List of Cryptocurrency
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Avalanche (AVAX) strengthened its case for a potential upside run towards $160 in the coming sessions as it broke out of a classic bullish pattern earlier this week.Dubbed "bull flag," the pattern emerges when the price consolidates lower/sideways between two parallel trendlines (flag) after undergoing a strong upside move (flagpole).
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“Not only is BitGo trusted and allows us to provide more access to our native tokens on Avalanche,” John Wu, president of Ava Labs, told CryptoX in an interview, “but given the enterprise push, and the institutional support of Avalanche, this really is a very powerful company to partner with.” Source
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Avalanche, an Ethereum-rivaling smart contract blockchain, is adding a native version of USDC – the stablecoin backed by cash and liquid cash equivalents that is administered by Boston-based Circle.Bringing USDC to Avalanche should further grease the wheels of decentralized finance (DeFi) on the network, following a recently announced $200 million
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“The current macro de-risking attitude from traditional finance investors has also affected the broader crypto market, meaning that the most common names will see an obvious decrease in pricing,” James Wo, founder of crypto investment fund Digital Finance Group, said in a Telegram message. Original Source
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It relied on smart contracts to execute crypto-to-crypto trades, and later branched out to include lending, staking, and non-fungible token (NFT) services. Developers further expanded Sushi’s capabilities to include nearly 24 other blockchains and layer 2 solutions, a move that helped it lock over $10 billion in assets at one
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“The amount of hype, as well as projects being built in the metaverse, gaming and NFT spaces, is bullish for these blockchains that are designed to build dapps on top of,” said Alexandre Lores, an analyst at Quantum Economics. NFT refers to non-fungible tokens, which can represent interest in property,
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Similar to index products in traditional finance, Cook’s index products are composed of a list of tokens and track the performance of the underlying assets, making it easier for investors to buy a diversified allocation of cryptocurrencies in a single transaction. Original Source
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