Cryptocurrencies traded higher to start the month of February, as markets look to forget January’s red wave. ETH is trading close to 10% higher as of writing, with bitcoin gaining almost 4% today. Bitcoin Bitcoin, which fell by as much as $16,000 last month, has recently started to regain some steam, climbing by over 11% in the last week. This…
Ethereum’s native token Ether (ETH) looks ready to continue its ongoing rebound move toward $4,000, according to a technical setup shared by independent market analyst Wolf. Classic bullish reversal pattern in the works? The pseudonymous chart analyst discussed the role of at least three support levels in pushing the ETH price up by nearly 30% from its local bottom of $2,160.…
MicroStrategy bought 660 more bitcoin for $25 million as the price dipped below $40,000 per coin.The software intelligence company now holds over 125,000 BTC in its treasury, bought for $3.78 billion.This is the first announced purchase of the year for the world’s largest corporate holder of bitcoin. MicroStrategy, the software intelligence company that since 2020 has been accumulating bitcoin nonstop…
Russian citizens reportedly own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to government estimates. A Bloomberg report noted that Russians own about 12% of the total global crypto holdings. The crypto holdings estimates were calculated by analyzing IP addresses of some of the most significant crypto exchange users in the country along with a few other data points, said…
Solana Pay is a peer-to-peer payments infrastructure designed to enable the global market of online merchants and point-of-sale providers the ability to accept and settle payment transactions in a panoply of digital assets. A joint collaboration between Solana Labs, Checkout.com, Circle and Citcon, in addition to wallet integrations from Phantom and FTX, the platform’s inbuilt software development kit acts as…
sponsored In the growing DeFi panorama, both institutional traders and retail investors are starting to notice the inherent privacy issues with the most popular Layer-1 blockchains. The extreme transparency of L1s such as Ethereum, Solana, and Avalanche, to name a few, leaves investors vulnerable to attacks such as front-running and MEV. Meanwhile, the lack of interchain features to seize the…
Central Bank of Jordan (CBJ) has revealed that it is researching issuing a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing. Adel Al Sharkas, the governor of CBJ, has reportedly stated that his institution is researching the option of creating a legal digital currency. He also predicted that cryptocurrency…
Bitcoin (BTC) jumping to $39,000 has already activated large-volume investors this week, the latest data shows. Analyzing whale behavior, on-chain monitoring resource Whalemap revealed accumulation underway at levels above $36,000. This week’s BTC price “triggered” whales Identifying clusters of whale bids, Whalemap uncovered what appears to be renewed market confidence among those with some of the largest BTC balances —…
In brief Sports Illustrated will launch an NFT platform in partnership with startup OneOf. The NFTs will be minted on Polygon. OneOf’s music NFT platform is based on Tezos. The bustling sports NFT collectibles market is about to add another potentially major player. Today, 68-year-old magazine Sports Illustrated announced an alliance with NFT startup OneOf to launch a sports NFT…
The Crypto Open Patent Alliance (COPA) has welcomed Meta as a member, with the social media giants vowing to make its core crypto patents accessible to all. Meta, formerly Facebook, has joined the COPA, a group that advocates for public patents on crypto and blockchain-related technologies. On Monday, the organization published a statement announcing Meta and noting that Shayne O’Reilly…
