IQ Protocol Announces Live Staking Pool for Trading Tools Provider, Autonio, and Their Native $NIOX Token
Tallinn, Estonia, 7th March, 2022, Chainwire
Bitcoin maximalist trashes ‘sh*tcoin’ Cardano – How did the community react?
admin2022-03-08T11:00:13+00:00Crypto-enthusiasts see Cardano with two different perspectives. One group has always had significant confidence thanks to the platform’s impressive developments. Developers have worked on scaling concerns, as well as fastened the speed of transactions and what not. On the contrary, many others still consider Cardano a shitcoin. In doing so, this group targets the alleged lack of any real-life utilities.
Who’s laughing at Cardano?
Popular Bitcoin podcast host Peter McCormack falls in the second category, recently referring to the cryptocurrency as a...
ETH Struggles Below $3K –
admin2022-03-08T08:27:05+00:00Ethereum price started a fresh decline from well above $3,000 against the US Dollar. ETH price is now trading below $2,800 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2,590 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $2,445 support zone. Ethereum price is gaining bearish momentum below $2,800 against the US Dollar. ETH/USD remains at a risk of...
$220 M Positions Wiped In Last 24 Hrs As Crypto Faces Multiple Regulatory Decisions In US And Europe
admin2022-03-08T08:23:55+00:00Crypto 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.
Shorts disappointed as losses pause
Traders positioning for a further decline in markets were disappointed as crypto traded steady, data from coinglass showed. $96 million in short positions were liquidated in the past 24 hours, with Bitfinex seeing the...
U.K’s FCA Threatens to Cancel License for Binance’s Newly Launched Service Bifinity
admin2022-03-08T03:43:35+00:00Binance’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...
The evidence in favor of Uniswap’s 78.5% domination of DEX market
admin2022-03-08T02:30:40+00:00Along 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.
King DEX – Uniswap
Since November began, the daily and weekly traded volume on Decentralized exchanges took a significant hit. Uniswap, the leading DEX, witnessed a 53% drop in weekly volumes from $26 billion to $12 billion. But other DEXs lost much more than...
Number of NFTs Minted on Cardano ($ADA) Network Surpasses 800,000
admin2022-03-08T01:20:00+00:00The 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...
Exploring the long-term bullish and bearish cases for Axie Infinity
admin2022-03-08T00:30:37+00:00As 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-$53 range. Following this, the buyers would try to build up thrust to overturn the...
Cardano ($ADA) Whale Holdings Rose Over 40% to New High This Year, Data Shows
admin2022-03-07T22:45:00+00:00Whales 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...
Biden Will Sign Executive Order on Crypto This Week: Report
admin2022-03-07T22:19:14+00:00