Cryptocurrency Analysis and News Portal
Non-fungible token (NFT) assets have been extremely popular in 2021 and it doesn’t seem like the NFT hype is going away any time soon. A number of NFT collections have propelled the industry to new heights with enormous sales, outpacing some of the most popular auctions selling physical items. One
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“Tether’s competitive advantage, and the area of highest competition between stablecoin platforms, lies not in the operational features of the tether token itself but rather in the liquidity of the tokens in the marketplace, Tether’s presence on multiple blockchains, and the stability, reliability, and profitability of Tether as an entity,”
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Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period.According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion Chinese renminbi (about $167.5 million) in total net revenue for Q2. This figure marks
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Digital asset exchange Gate.io exceeded $420 million in daily trading volume in August 2021 for its leveraged ETFs offering, accounting for 53% of the total spot trading volume on Gate.io for the day. After 15 years of use in traditional financial markets, leveraged ETFs have entered the cryptocurrency market. Investors leverage
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Cardano’s (ADA) price has made a splash on the charts this week. The asset’s success lately can be attributed to the growing interest in the upgrade that would see smart contracts be a reality on the blockchain. Cardano’s (ADA) price has also followed the run-up that the market has experienced
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The ongoing case between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) took another turn this week when the company was granted access to Binance's documents.U.S. Magistrate Judge Sarah Netburn granted Ripple CEO Brad Garlinghouse’s motion to “Obtain international discovery” of Binance records. According to the docket,
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HSBC shares in Hong Kong jumped more than 3% following earnings release. On NYSE, the stock is up 1.56%.In an announcement that has taken the industry by storm and caught experts unaware, HSBC Holdings plc (NYSE: HSBC) has announced that its Pre-tax profit for the first half of the year
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Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin seals 10 green candles in first since 2012Data from Cryptox Markets Pro and TradingView showed BTC/USD gaining for a tenth straight day
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The fiscal and economic policies being rolled out by the Feds in various nations, particularly the United States can also help in the Bitcoin price retracement moves.The price of Bitcoin (BTC) is seeing a gradual retracement as market bulls’ effort leading to the breach of the $40,000 resistant zone was
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