Polkadot (DOT) looks ready to extend its ongoing price recovery due to a classic bullish pattern forming on its daily chart. DOT paints “cup and handle” pattern Notably, DOT has been forming a “cup and handle” pattern since mid-June, confirmed by its price crashing and recovering in a rounding, U-shaped trajectory (cup), followed by the development of a trading range…
Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its Z Wallets. Zipmex customers can withdraw Solana (SOL) from their wallets Tuesday and will be able to withdraw XRP on Thursday and Cardano (ADA) on August 9,…
Bitcoin fee markets are showing small signs of life despite bitcoin’s price dropping roughly 70% since its latest all-time highs and hash price — a measure of the value for hash rate — falling by roughly the same amount. Fees and the long-term prospects of fee revenue for miners is a hotly-debated topic, especially during bearish market trends. Bear markets…
During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past 24 hours. Value Locked in Decentralized Finance Falls Short…
In brief Magic Eden, the most popular NFT marketplace on Solana, will add support for Ethereum beginning this month. The startup, which was founded less than a year ago, was valued in June at $1.6 billion following its latest VC funding round. Alongside an announcement of fresh VC funding in June that valued the startup at $1.6 billion, top Solana…
On Tuesday, Marc Zeller, integration lead at decentralized finance (DeFi) borrowing and lending protocol Aave, proposed to freeze the platform’s V3 Fantom market. Created in 2018, Fantom is a directed acrylic graph smart contract platform providing DeFi services, of which Aave is currently bridged. Zeller explained the rationale for removing the Fantom bridge: “After the Harmony bridge event and the…
Decrypt’s Jason Nelson reports from NFT Expoverse in LA with JP Bedoya, Chief Product Officer at Civic, the Web3 identity verification problem rolling out a new set of tools to keep people from spamming NFT drops to take advantage. Source: https://decrypt.co/videos/interviews/qRCnQ5Mi/how-civic-is-battling-web3-bots-and-spam-cpo-jp-bedoya
Polkadot dropped for a second straight session on Tuesday, as the token failed to break out of a key resistance level. This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process. Polkadot (DOT) Polkadot (DOT) was…
Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China. BTC price U-turns as Pelosi lands in Taipei Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking above $23,000 on the day as news came in that Nancy Pelosi, speaker of the U.S. House of Representatives, had…
Enterprise cryptocurrency custody firm Fireblocks is set to offer token minting services through a new integration with Ethereum- and Polygon-friendly platform Tokeny. The new feature allows businesses and retail customers to mint and manage permissioned tokens, digital securities, stablecoins and loyalty programs across various trading applications, payment networks and digital banks. Fireblocks and Tokeny make use of ERC-3643 security tokens…
