Acknowledgment: Derek Pennings came up with “The Entry Indicator.” I helped him with putting the thought process in writing. You can find him on Twitter @PenningsDerek. Not Again It happened. Again. Price dropped more than 50% from its all-time high. During times like these, people wonder whether the bottom is in or not. Nobody wants to sell the bottom. And…
On Feb. 18, the Russian Ministry of Finance kicked off public consultations on the rules of cryptocurrency issuance and transactions. While a welcome development, it is less than the country’s crypto space had expected to get. Earlier in the week, the government announced that by Feb. 18, a bill containing the finance ministry and central bank’s consolidated position on crypto…
Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they try to adopt rules for the industry. Binance to Provide Crypto Expertise to Russian Banking Sector and Government The…
On Friday, blockchain platform Harmony — whose mainnet runs on the Ethereum network, claiming to have two-second transaction finality and fees 1,000 times lower than Ethereum — announced the launch of its Bored Ape Yacht Club Passport. The Passport enables users to import proof of their apes into DeFi Kingdoms, a play-to-earn game built on the Harmony blockchain with over…
press release PRESS RELEASE. Using the latest Developments on the Decentralized Finance Market Alium introduces the Hybrid Liquidity Model, allowing users to trade almost any crypto using the Liquidity available both on Alium and the rest of the DeFi market. Hybrid liquidity allows traders to use both Liquidities available on Alium and on most of the major exchanges using the…
If you’re not keen on joining Mark Zuckerberg in the Metaverse, I have bad news for you: You’re already there. You don’t need a virtual reality headset to enter a virtual world. Humans have been representing reality since our distant ancestors first painted on cave walls. If TV, radio, books or newspapers have ever given you access to events that…
This week in coins. Illustration by Mitchell Preffer for Decrypt. A brief crash dropped the price of Bitcoin to $39,638 on Friday, according to CoinMarketCap. The world’s favorite cryptocurrency, as of this writing, was trading near $39,975.50, an overnight drop of 1.21%—about 5% cheaper overall than last weekend. Ethereum, the second-largest cryptocurrency, was trading at $2,733—about 5% lower than a…
While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have seen a significant increase in…
THETA, GALA, and SAND were some of Saturday’s biggest cryptocurrency casualties, as an onslaught of bearish pressure pushed prices lower. This came whilst market bulls were few and far between to begin the weekend. Biggest Gainers As of writing, DOGE and LUNA were both marginally higher, however it was XRP that made the most gains within the crypto top 100…
BlockFi isn’t the only company that offers high-yield crypto accounts, where customers deposit crypto for the promise of high APY and the company lends out that crypto to other crypto companies for fees. Celsius, Nexo, and Eco all offer something similar. But BlockFi is the first to reach a settlement with the SEC that requires it to treat its products…
