ETC rose by over 10% to start the trading week, as prices rose to a two-week high on Monday. FTM also saw its value increase during today’s session, climbing by nearly 20% earlier in the day. Ethereum Classic (ETC) ETC was one of the most notable gainers during Monday’s session, as cryptos were mostly in the green to start the…
In the space of a few short years, former high-school dropout cashier from Sweden Carl “The Moon” Runefelt has been transformed into a top crypto influencer who shares videos of his life of private jets, supercars and million-dollar watches that inspire his followers and annoy his critics. Drawing from quantum physics, he has an explanation for his unlikely success —…
Tl;dr: Coinbase Wallet makes it simple to trade tokens on your choice of network. This month, we expanded our trading features to support token swaps on BNB Chain and Avalanche. By Catherine Shyu Sullivan, Senior Product Manager More than $1 trillion were traded on decentralized exchanges (DEXs) in 2021 — a staggering 858% increase from 2020. Coinbase Wallet brings the…
The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea’s largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday advising investors about the risks associated with the privacy-enhancing upgrade. Litecoin’s use of privacy-focused technology…
Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with self-sovereignty, however, is inheritance. An estimated 4 million Bitcoin (BTC) has been lost over time and now sits in inaccessible wallets. How many…
It’s been a record-breakingly good month for ENS domain name registrations as revenue tops $8 million, according to lead developer Nick Johnson. The Ethereum Name Service (ENS) is a domain name provider for the Ethereum blockchain. The service itself, which was launched in 2017, is governed by a DAO, or decentralized autonomous organization. “May is now an all-time high for…
Japanese bank Sumitomo Mitsui Trust is launching a new company for institutional clients looking for custodial services for bitcoin and other cryptocurrencies.The new company will be called Japan Digital Asset Trust and is a joint-venture with 85% ownership belonging to Bitbank, and 15% belonging to Mitsui Trust. The venture reportedly has $2.3 million of committed capital for launch and expects…
Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost “overbought.” Monero price RSI meets rising wedge Downside risks have been mounting due to XMR’s relative strength index (RSI), which almost hit 70 this May 23, indicating that the market is considered overvalued. An oversold RSI…
About the Author Kevin Virgil is the Managing Director of Asset Management at Everyrealm, a leading investor and developer of metaverse platforms and projects. The past few days have not been kind to any asset class, particularly in my chosen field of digital assets. Like many professional investors, I tend to crack open the history books at times like this…
Balenciaga, a Kering-owned luxury fashion house, will begin accepting bitcoin and other cryptocurrencies as payment.First, flagship stores located in the U,S. and Balenciaga’s website will trial the new payment feature with further roll-outs expected at later dates. Balenciaga is the second member of the Kering Luxury Group to accept bitcoin and other cryptocurrencies as payment, following Gucci. Balenciaga, a luxury…
