Crypto traders were caught off-guard as the market paused recent losses, liquidating $230 million in positions over the past 24 hours. Total market capital appeared to be holding around $1.7 trillion this week, after losing more than $200 billion in five days.
Binance’s launch of fiat-to-crypto payments provider Bifinity on Monday, March 7, has met with immediate resistance from U.K’s top regulatory body – Financial Conduct Authority (FCA). With Monday’s launch, Binance confirmed that its newly launched Bifinity service will advance a $36 million convertible loan to Eqonex. This gives Bifinity some specific contractual rights over Eqonex. The FCA explains that Eqonex is the parent company of Digivault, a crypto business officially registered by the FCA under the Money Laundering Regulations (MLRs). The...
Along with the rest of the cryptocurrencies, the exchanges also suffered the ‘dip’.Despite massive popularity, Decentralized Exchanges weren’t alien to the same. Even so, Uniswap managed to maintain its position as the biggest DEX and further cemented it.
The number of non-fungible tokens (NFTs) minted on top of the Cardano ($ADA) network has now surpassed the 800,000 mark as activity on the cryptocurrency’s network keeps surging and its decentralized finance (DeFi) space hits new highs in terms of total value locked. According to a tweet published...
As anticipated in the previous article, Axie Infinity (AXS) saw a patterned breakout towards the $54-mark. Now, it entered into a tight phase while forming strong trendline support (yellow) on its daily chart. Assuming bulls can uphold this trendline support, as they have for over two weeks, AXS would aim to challenge its Point of Control (POC, red) and continue its squeeze phase between the $50-$53 range. Following this, the buyers would try to build up thrust to overturn the...
Whales on the Cardano ($ADA) blockchain have been on a buying spree to the point that their holdings have risen by more than 40% so far this year. The whale accumulation comes as developer activity on Cardano, as measured by GitHub commits, surges, along with its decentralized...
The MATIC/USD pair closed red during the weekend, retesting the monthly support of $1.4. Under the influence of a bearish H&S pattern, the sellers tease to breach this support and dump the pair to the $1 mark. However, the coin turned green today, and the lower price rejection candle indicates the bulls have not yet surrendered.
Filecoin (FIL) has vigorously lost most of its value in the last year since its April 2021 high. In the last six months, bulls could barely initiate a sustainable rally and succumbed to the long-term bearish trendline resistance (white, dashed). The alt now aimed to enter into a tight phase in the $18-$20 mark before retesting its critical support and making a trend-commital move. At press time, FIL traded at $18.38, down by 2.37% in the last 24 hours. FIL Daily...
Crypto funds have not been phased by geopolitical risks in the weeks since Russia invaded Ukraine. CoinShares reports that through last week, investors added to their positions in crypto funds.
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