Month: April 2021

VeChain to Consolidate Before Next Major Price Movement

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After a recent poll that deemed VeChain one of the most undervalued altcoins in the market, VET embarked on an uptrend that has seen it make new all-time highs.  VeChain May Slow Down  Salesforce’s decision to start testing enterprise adoption ideas on top of the VeChainThor blockchain has been the catalyst that pushed this cryptocurrency to new horizons.  VET’s market value has risen by nearly 70% since the announcement was made, going from $0.106 to a new all-time high of $0.176.  VeChain’s recent price action seems to have shaped a bull flag on…

FTX Pre-Trading of COIN Sees Violent Repricing Ahead of Coinbase Listing

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Share this article While recent reports expect COIN to open around $349 a share, pre-trading on FTX had pitted the Coinbase stock at $640. A violent repricing has since followed, with the asset falling more than 30% on the crypto trading platform. FTX Users Overestimate COIN After a steady increase in the last few days, COIN/USD on FTX hit its all-time high above $640 a few hours ago. However, reports announcing COIN was expected to open at $349 provoked a drastic drop on FTX. COINBASE GLOBAL CLASS A SHARES INDICATED…

Shapeshift to Pioneer Cross-Chain Trading With THORChain

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Share this article ShapeShift users can now swap Bitcoin, Ethereum, or Litecoin directly across their respective blockchains is now possible for the first time ever. A First From ShapeShift’s DEX Swapping assets between different blockchains have been a much-requested feature of DeFi, which, so far, had not seen much progress. Vitalik Buterin himself tweeted in March 2020 about the necessity to allow users to trade between the two most important blockchains. We should put resources toward a proper (trustless, serverless, maximally Uniswap-like UX) ETH <-> BTC decentralized exchange. It’s embarrassing…

Dogecoin Price Doubles Overnight, Hits New All-Time High

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Key Takeaways Dogecoin’s market value has doubled in the last 36 hours. A further spike in buying pressure could see it rise another 8%. But the presence of whales on the network suggests DOGE could pump even more. Share this article Dogecoin made headlines after skyrocketing by more than 100% to make a new all-time high of $0.146.  Dogecoin Makes New All-Time High  Dogecoin has resumed its uptrend after consolidating for more than two months. Throughout the stagnation period, DOGE made a series of higher lows while the $0.0887 resistance…

Coinbase CEO Details New Revenue Streams Hours Before NASDAQ Listing

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Key Takeaways Brian Armstrong went on Squawk Box to discuss Coinbase’s business model. Investors are wary that the exchange relies too heavily on transaction fees. Armstrong said we will not see lower fees on Coinbase on the short-term. Share this article Brian Armstrong expects Coinbase Earn, its debit card, custody for institutional clients, and staking revenue to become more than half of the firm’s revenue. Coinbase Soothes Investor Worries In 2020, 96% of Coinbase’s revenue was generated through transaction fees. As competition in the space mounts, however, Armstrong’s firm will…

CEO says PayPal’s crypto commerce may reach $200M volume in just months

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As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future.  Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate,” an online event that took place on April 13. During a fireside chat with Michael del Castillo, associate editor at Forbes, Schulman mentioned that the financial system will undergo more changes over the next five years compared to…

European Central Bank releases results of digital euro consultation

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The European Central Bank has published the results of a public consultation on a potential digital euro as the institution inches closer to deciding whether to formally study such an initiative.  According to a Wednesday announcement, the ECB received more than 8,200 responses to its public digital euro consultation — a personal record for the bank regarding participation in a public consultation. 47% of total responses came from Germany, with a significant amount also coming from Italy and France, accounting for 15% and 11% of total responses, respectively. The majority of respondents…

Binance Will Launch Coinbase Trading Alongside Nasdaq

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Hours before Coinbase begins trading on Nasdaq, Binance, another top cryptocurrency exchange, has announced the launch of the Coinbase Stock Token on the platform. Binance Launches Coinbase Tokens The stock token listing will follow immediately after Coinbase’s scheduled listing on Nasdaq today.  After the trading pair is open, Binance users will be able to trade the token with zero commissions. Earlier this week, the exchange announced users’ ability to trade a similar stock token in Tesla. The new feature is made possible to a partnership with CM-Equity AG and Digital Assets…

Ethereum Sets New ATH, Here’s Why The Bulls Could Aim $2,500

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Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels. Ethereum is gaining pace above the $2,200 and $2,250 resistance levels. The price is now trading well above $2,250 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards the $2,400 and $2,420…

Kevin Smith sells horror flick rights as NFT, Megadeth’s ETH, farming MEMEs …

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Filmmaker Kevin Smith is releasing his latest horror anthology “Killroy Was Here” as a non-fungible token.  The owner of the NFT will secure the rights to exhibit, distribute, and stream the work, making it a revenue generator outside of just a resale. The filmmaker said on Twitter that: “Back in 1994, I took my first flick to Sundance to sell it. Now in 2021, I’m taking my new flick to CRYPTO to sell it!” Smith, who will auction off his work on his independent crypto gallery ‘Jay and Silent Bob’s…