Cryptocurrency Analysis and News Portal
The price of Ether (ETH) rallied 18% between Feb. 13 and Feb. 16 but has since been range trading near the $1,700 level. Despite the recent price improvement, Ether derivatives metrics remain neutral-to-bullish ponder the investors the tighter regulatory environment and the potential impact of Ethereum’s Shanghai upgrade.Investors' biggest concern right
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Data ownership registration should be preserved on chain for a minimum of 30 years, China’s Shenzhen government said in a draft proposal of its data property rights registration regime published on Monday.See related article: China has seen blockchain’s future and it doesn’t include cryptocurrenciesFast factsUnder the proposal, data owners can
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The upcoming Ethereum Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the network’s move to proof-of-stake (PoS), which started during the Merge on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether (ETH) will gradually become liquid for the first time since December 2020. According
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Bitcoin (BTC) price rallied over 12% on Feb. 15, marking the highest daily close in more than six months. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors' risk assessment for cryptocurrencies.A stronger than expected U.S. inflation report on Feb. 14
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Bitcoin (BTC) trended toward $24,000 at the Feb. 16 Wall Street open after fresh macroeconomic data from the United States overshot estimates.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHot U.S. PPI data "rattles" marketsData from Cryptox Markets Pro and TradingView showed BTC/USD retracing some of its latest gains on the day, trading
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According to Ardern, investors had bought BTC put options, or bearish bets, in the lead-up to the CPI release, which means market makers sold puts and sold bitcoin in the spot/futures market to hedge against the risk of price slide. So, after prices began to rise post-CPI, market makers had
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But the question is, what does this mean for the price of bitcoin? On one hand, a collision between a large group of stalwart HODLers and a new, growing group of retail users is, in, theory, bullish for the price of bitcoin. Others, however, aren’t so sure. Source
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“The news flow has been rather bearish for crypto and you can’t forget about tomorrow’s inflation report that could be hot and spell trouble for risky assets,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note. Source
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“The advancement of the technology backing stablecoins is a necessary component to unlock the future of finance,” said Johann Eid, vice president of Go-To-Market at Chainlink Labs, the developer firm behind Chainlink. “As more and more traditional financial institutions partner with MakerDAO and assess the applicability of DeFi, the required
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Blockchain scaling technology firm StarkWare is set to partner with Chainlink Labs to bring oracle services, data and price feeds to the StarkNet ecosystem.The coalition will see StarkWare join Chainlink’s Scale program and brings Chainlink price feeds to StarkNet’s testnet. StarkNet tokens will also fund certain operating costs for Chainlink
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