Category: Cryptocurrency News

DappRadar and the Blockchain Game Alliance produce the Q1 numbers behind the top play-to-earn and GameFi dapps.

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PRESS RELEASE. TradeStars has recently announced the launch of their brand new feature, Daily Fantasy Sports (DFS). The launch of DFS shall link the DeFi trading layer with that of the DFS gaming layer via that of a P2E (Play To Earn) model. In this way, TradeStars users can seamlessly trade fantasy stocks in addition […]

Bitcoin futures premiums have been consistently trending in the low for some time now. There have been instances where they have broken out of this trend of low performance, but they seem to fall right back in. This does not spell all bad news for the futures premiums as it hints at exhaustion coming. This is attributed to the premiums trading close to yearly lows indicating that it is nearly a point of exhaustion across the board. Bitcoin Futures Premiums Down The reason behind the bitcoin futures premiums being down can be attributed to sell-offs that have rocked the digital asset in recent times. Not only have the sell-offs been apparent in investors who are directly exposed to the cryptocurrency but those who have exposure through traditional markets vehicles like ETFs have been selling off too. The most prominent of these have been the high outflows recorded from the ProShares BITO ETF, which is said to be one of the major drivers behind the low basis. BTC futures premium down | Source: Arcane Research Across crypto exchanges FTX and Binance, the bitcoin three-month basis has been trending around 25 to 3%, one of the lowest ever recorded. The last time the basis had touched this low had been in February when bitcoin’s price had been struggling. The value of the digital asset had promptly recovered following a short squeeze that fueled a $6,000 recovery for the cryptocurrency, seeing it touch a peak of $44,000. Related Reading | Top Ethereum Whales Now Hold Almost $1.5 Billion Worth Of SHIB However, after this has come more low momentum on the futures premium basis front. It is now trading even lower than it did in February, lagging behind its offshore venue peers at a premium of 1.34%. This is seen as a direct indicator of how investors are feeling toward the digital asset. Since Bitcoin had lost its footing above $40,000, sentiment has turned generally bearish and this has translated to muted futures premiums at rarely seen low levels. BTC trading north of $41,000 | Source: BTCUSD on TradingView.com A light at the end of the tunnel looks to be coming up though given the history of performance that has followed low futures premiums such as this. They are historically known to be short-lived, usually followed by a surge in the price of the digital asset, as was recorded in late February. Related Reading | Could Netflix Tumble Down The Crypto Market? If this is the case and bitcoin follows historical patterns, then another $6,000 rally would put the digital asset at the $47,000 mark. And if sell-off exhaustion does kick in, sentiment could quickly turn back into the positive, leading to more surge in the price of the cryptocurrency. Featured image from MARCA, chart from TradingView.com

A classic technical indicator risks sending AAVE’s price toward $105 in the next few months.

Just a heads up for those of you who may be unaware, perhaps you haven't been getting the emails, or ignoring them as spam, like me. Coinbase, Gemini, and Public are just three exchanges I use, and ALL are affected by this (others include Robinhood and Venmo). When you initially make an account with one…
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As one of the most influential people in the crypto space, the CEO of Ripple says he owns Bitcoin and other cryptocurrencies. But to him, only promoting Bitcoin will stop industry growth. As a result, the crypto industry could potentially lose millions for miners with less incentive than before if nothing changes soon. At the CNBC event, Brad Garlinghouse, CEO and founder of Ripple, recently said that the tribalism around Bitcoin and other digital currencies has been holding back the industry’s growth. Related Reading | Could Netflix Tumble Down The Crypto Market? “It is not good when people in the cryptocurrency space are divided into tribes,” said Garlinghouse at a CNBC-hosted fireside chat last week at the Paris Blockchain Week Summit, in an interview that was published today on CNBC. When asked about his thoughts on XRP, Garlinghouse shared that he is indeed invested in other notable digital currencies such as Bitcoin and Ethereum — despite being charged by the SEC for playing an integral role in the $1.3 billion sales of unregistered securities offerings. Garlinghouse said, “I own bitcoin, I own Ether, I own some others. I am an absolute believer that this industry is going to continue to thrive.”  “All boats can rise,” says Garlinghouse. “Adopting other digital currencies, we see this as an opportunity for growth and adoption outside of XRP.” Ripple CEO On Industry Growth When asked about investors who have devoted their funds exclusively to bitcoin, Garlinghouse did not mention any names. Still, people in the cryptocurrency industry focus on just one coin. He said; Tribalism around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market. One most prominent example of Bitcoin tribalism is Jack Dorsey, the former Twitter CEO and founder of Square Inc. He has publicly declared support for Bitcoin on several occasions. In addition, he recently sponsored research to foster its development as an asset class to make it more accessible in society. Earlier this year, Dorsey said that he is a Bitcoin maximalist. As a result, he doesn’t plan on adopting any other cryptocurrency soon, including Ethereum. Another example of a Bitcoin tribalist is Michael Saylor, the CEO of MicroStrategy. He has converted a vast percentage of company reserve cash into Bitcoin. Related Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position The company is a major player in the crypto market, with its holdings totaling over 129,000 Bitcoins. Garlinhouse said the problem with this maximalism is that it has frustrated efforts to lobby U.S. lawmakers. Most representatives would mainly agitate for the cryptocurrency they own rather than taking an interest in what’s best for everyone else. Garlinghouse added; The lack of coordination in Washington, D.C., amongst the crypto industry, I find it to be shocking.    Featured image from Pixabay, chart from Tradingview.com

This is just another example of how delusional cryptocurrency communities are. Coffezilla made a youtube video exposing SafeMoon's billion dollar fraud: SafeMoon's founders and employees are currently being investigated by the FBI, while obviously having commited fraud that is documented on the blockchain and in several recordings. They even admitted deleting evidence on video. It…
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Celsius Network CEO Alex Mashinsky shared his insights on the Bitcoin and Ether markets at Paris Blockchain Week Summit.

APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains. AAVE AAVE was up by nearly 10% in today’s session, as prices rallied for a third consecutive […]