Category: Reviews

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…

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…

Signal Mentions Zcash, Lightning As Possible Options

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Key Takeaways Signal has published an update on its efforts to implement MobileCoin (MOBI) cryptocurrency payments. It addressed some of the criticism that the cryptocurrency has received, such as high fees and price volatility. It also discussed the possibility of future crypto integrations such as Zcash and Bitcoin via the Lightning Network. Share this article Signal announced last week that it plans to introduce cryptocurrency payments. Now, it has published further details on those plans. More Than Just MobileCoin? Last week, Signal announced support for MobileCoin (MOBI) payments. That cryptocurrency…

Social Trading Platform Enso Finance Raises $5M in Funding Round 

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Key Takeaways Enso Finance has raised $5 million from Polychain, Dfinity Beacon Fund, Multicoin Capital, and other key industry players. Enso Finance is a DeFi tool for creating permissionless trading strategies. It’s hoping to make DeFi more frictionless and accessible. The project will initially launch on Ethereum, though it has plans for “multi-chain support” to follow. Share this article Soon-to-launch social trading platform Enso Finance gets a cash injection.  Enso Finance Closes Funding Round  Enso Finance has closed a $5 million funding round. Polychain and Dfinity Beacon Fund led the…

DeFi Project Spotlight: Bancor, The Dark Horse Decentralized Exchange

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Share this article In 2017, Bancor pioneered automated market makers (AMMs) to replace order books using a native reserve asset, the BNT token. After losing ground to other decentralized exchanges such as Uniswap or Sushiswap, Bancor’s v2.1 showed that the project is far from over.  Re-Introducing Bancor Understanding Bancor can be tricky because of the system’s complexity, but there is a reason why the total value locked in the protocol has skyrocketed in 2021. Bancor’s USD monthly volume. Data from Dune Analytics In October 2020, Bancor released v2.1 to an…

TIME Will Invest In Bitcoin and Partner With Grayscale

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Key Takeaways TIME says that it is creating a series of educational crypto videos with the investment firm Grayscale. The company also plans to put Bitcoin on its balance sheet and pay its president, Keith Grossman, in Bitcoin. TIME previously created a series of NFTs and is planning to accept crypto as payment for subscriptions. Share this article TIME Magazine is taking further steps toward crypto adoption, as revealed today by Grayscale CEO Michael Sonnenshein. Three Big Announcements Sonnenshein noted that the company is taking three actions. First, TIME is…