Bitcoin (BTC) kept investors guessing on May 3 as markets awaited Wednesday’s Federal Reserve comments. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tudor Jones says “no thanks” to stocks, bonds Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering just above $38,000 at Tuesday’s Wall Street open. The pair had stayed practically static over 24 hours to the time of…
Today, we have some thrilling news to share about our company: Decrypt has raised $10 million in funding from 22 investors at a $50 million post-money valuation, and has spun out from ConsenSys Mesh. We launched Decrypt in 2018 inside the ConsenSys Mesh incubator program with the aim of helping the world understand crypto and Web3. At the time, it…
Non-fungible tokens (NFTs) have redefined the concepts of digital expression, culture and ownership for creators and collectors alike. But the fast-changing, complex ecosystem has made it difficult for many to join in the excitement of the space. Kraken is ready to change that. Today, we are delighted to open the waitlist for Kraken NFT — the complete solution for exploring,…
BTC continued to trade below $40,000 prior to Wednesday’s FOMC meeting, as crypto markets anticipated a potential rate hike. ETH was also trading close to its long-term support level, with many hoping for an end to current bearish sentiment, after tomorrow’s announcement. Bitcoin BTC was trading below $40,000 on Tuesday, as the world’s largest cryptocurrency was marginally above its long-term…
ApeCoin (APE) announced its integration with Ethereum (ETH) sidechain Polygon after the recent Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incident that led to speculation on a new chain for APE. One of the world’s largest Web3 ecosystems, @0xPolygon now supports ApeCoin making it available for 19,000+ dApps and games across the board! https://t.co/vUoGTAfqkl — ApeCoin (@apecoin) May 2, 2022…
Ethereum has proven to be a formidable force. While its major issues have spawned other coins aimed at addressing them, Ethereum looks to shed its old skin with the release of Ethereum 2.0. Despite the fact that Ethereum was created six years after Bitcoin (BTC) and the introduction of blockchain technology, the digital asset Ether (ETH) has grown to be…
The U.S. Securities and Exchange Commission (SEC) is expanding its crypto investigations unit. According to a statement today, this expansion would bring the number of personnel to 50 overseeing the fast-growing crypto industry. The Commission specifically highlighted crypto exchanges, lending and staking services, decentralized finance (DeFi) projects, stablecoins, and NFTs as sectors upon which the unit would focus. “Crypto markets…
Ethereum Name Service, or ENS, surpassed a million created names this week, according to statistics from the crypto metrics dashboard Dune Analytics. Data shows that there’s been a significant spike in ENS names registered during the last 30 days, and 24-hour statistics indicate ENS has been a top burner in terms of protocols burning the most ethereum. Over a Million…
Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach to regulation. On Monday, May 2, a crypto venture advisor at Presight Capital and a long-term expert on European regulation, Patrick Hansen shared some…
Cardano (ADA) price has been rebounding after falling to the worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA’s upside retracement could continue in the coming weeks. Can ADA price extend the recovery? ADA’s price has started bouncing after testing the same support area that preceded a 65% bull run in March 2022. Specifically, ADA/USD witnessed a…
