Thumbnail Crypto Finance Group, InCore Bank, and Inacta have selected Tezos for the development of innovative, compliant, on-chain digital products for the financial market. At the center of these products, a new Tezos-based token standard called ‘DAR-1’ has been developed for asset tokenization based on the Tezos FA2 standard. Bank Smart Contracts 24 August 2021,…
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Coinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September.
Noob here. I have ETH sitting on my coinbase pro account. I also have a trezor where I’ve transferred some BTC in the past. Could I stake ETH if I transferred it to my trezor? Can you even transfer ETH to a trezor? Or should I transfer it to Coinbase and stake it there? Should…
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Hey everyone, apologies if this has been asked before but I've searched around and couldn't find anything on the topic. Basically, I'm trying to understand the specific details of how your wallet is kept secure via seed phrases. Once input into a software or hardware wallet, from what I understand, a secret key is…
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Cryptocurrency exchanges are fundamental infrastructure elements that play an important role in the cryptocurrency market ecosystem. Like other significant projects, exchanges and exchange protocols have their own native cryptocurrencies, which are used within the ecosystem of the exchange’s products, and can also reflect their financial status. In July, the KCS cryptocurrency — the native token of the KuCoin cryptocurrency exchange — turned out to be the best performing asset compared to its competitors. The KuCoin (KCS) exchange token was trading at $7.36 at the beginning of the month. A week later, on July 7, its price doubled and amounted to $14.42. By the end of the month, the price of the KuCoin exchange token rose to $10.21. The overall increase in the price of KCS amounted to 38% in July. The Binance (BNB) exchange token started the month with a price of $299. On July 7, it reached a record monthly value of $338. However, three weeks later its price dropped to $256. On the last day of July, the BNB token was trading at $332 — 11% higher than at the beginning of the month. On July 1, the native cryptocurrency of the Huobi (HT) exchange boasted a price of $10.73. Unlike the KCS and BNB tokens, it did not demonstrate any significant growth and dropped in price to $7.57 on July 20, before returning to its starting values of $10.79 at the end of the month. Thus, the KuCoin cryptocurrency was the most attractive for traders and investors in July from a dynamics and profitability standpoint. Notably, the prices of native exchange cryptocurrencies were not affected by Binance’s scuffles with the many regulators around the world, and the peak values of the price of the KCS and BNB tokens correlate with the price of the second largest cryptocurrency – Ethereum (ETH). Ethereum started the month with a collapse from $2,265 on July 1 to $2,033 on July 2, before going into growth to $2,393 on July 7 with a subsequent decline. The second-largest cryptocurrency returned to the $2,400 mark only at the end of the month. Meanwhile, Bitcoin spent most of the month in the price range of $34,840 to 34,430. After July 26, it entered a growth stage, ending the month with a price of $41,504. Thus, Bitcoin grew by 19.25% in July – less than the KCS altcoin, but more than the BNB and Huobi tokens. The popularity of cryptocurrencies around the world continues to grow, resulting in an increase in the number of new users of cryptocurrency exchanges along with the volumes of financial transactions. Both factors can lead to an organic increase in the value of native exchange cryptocurrencies. Another reason that the prices of the KCS, BNB and HT tokens will depend on is the total capitalization of the cryptocurrency market. As evidenced by the data, cryptocurrencies are often correlated. Image by Pexels from Pixabay
FTX has purchased naming rights to the Cal Memorial Stadium in its second major sports branding venture after buying the naming rights to the Miami Heat arena in March.
Bitcoin price failed to stay above $50,000 and corrected lower against the US Dollar. BTC could correct lower towards the $48,250 support in the near term. Bitcoin tested the $50,500 resistance level before correcting lower. The price is now trading near $49,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $49,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards $48,250 or even $47,300 in the near term. Bitcoin Price Corrects Lower Bitcoin price traded above the $50,000 resistance, but there was no upside continuation. BTC tested the $50,500 resistance level and recently started a downside correction. There was a break below the $50,000 and $49,800 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $48,098 swing low to $50,506 high. There was also a break below a key bullish trend line with support near $49,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $49,000 and the 100 hourly simple moving average. The 61.8% Fib retracement level of the upward move from the $48,098 swing low to $50,506 high seems to be acting as a support. Source: BTCUSD on TradingView.com If there is a downside break below the 100 hourly simple moving average, the price could continue to move down. An immediate support is near the $48,500. The next major support is near the $48,250 level. Any more losses could open the doors for a move towards the $47,300 support zone in the near term. Fresh Increase in BTC? If bitcoin stays above the $48,250 support zone, it could start a fresh increase. On the upside, an immediate resistance is near the $49,500 level. The first key resistance is near the $50,000 level, above which the bulls might aim a retest of $50,500. Any more gains could set the pace for a larger increase above $51,000. The next major stop for the bulls may possibly be near the $52,000 level in the coming days. Technical indicators: Hourly MACD – The MACD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $48,250, followed by $47,300. Major Resistance Levels – $49,500, $50,000 and $50,500.
I've seen a huge amount of posts recently regarding "how to get free $5 crypto from surveys" etc This is a terrible idea! You are opening your device to malware and other nasty viruses that want your info and seed phrase… Your personal info and security of your wallet should be far more valuable than…
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Solana represented one-third of total inflows to institutional crypto investment products this past week.
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