Crypto News Center

Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity

On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a bearish trend across various timeframes. Ethereum The 1-hour chart highlights ethereum’s recent recovery from $2,508.6...

NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?

RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental factors and efforts made by the development team. THORChain Revenue Rising After Swap Fee Increment...

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins

Bitcoin hit a one-month high price, surging 5.5% over the past 24 hours. Solana rose 8%, topping $170 for the first time since early June. Crypto observers highlight the resiliency of decentralized blockchains as a malfunctioning software update caused worldwide disruptions in IT systems. The crypto rally resumed on Friday with bitcoin (BTC) notching its highest price in a month, while the world grappled with a major IT outage. BTC...

Whales add 71,000 BTC to their holdings during the dip

Bitcoin ETFs see $300m inflow on Monday, highest since early June. Key Takeaways Whales added 71,000 BTC worth $3.9 billion during recent price pullback. Bitcoin ETFs saw $300 million inflow on Monday, highest since early June. Bitcoin whales have added 71,000 BTC worth $3.9 billion to their portfolios during the recent market pullback, according to data from IntoTheBlock. This accumulation occurred as Bitcoin prices fell below $54,000 during the recent...

Equity Market Closes Bearish with N208bn 

Nigerian Stock Exchange with market operators The Nigerian Exchange shed N208bn in market capitalisation, closing bearish on Wednesday. At the end of the day’s trading session, the market capitalization stood at N59tn. At the same time, the All-Share Index dropped by 343.31 points, representing a 0.35 per cent decline to close at 97,296.57 points. This downturn marked a one-week loss of 0.95 per cent and a four-week loss of 0.74...

MLS Launches New NFT Platform, MLS Quest

By Philip Maina 1 month agoTue Oct 29 2024 10:28:42 Reading Time: 2 minutes Major League Soccer (MLS) has launched a new NFT platform known as MLS Quest The platform will allow users to claim digital medallions that will unlock exclusive experiences MLS Quest is powered by the Sui blockchain The Major League Soccer (MLS) has launched a new NFT platform to help the league’s fans collect digital medallions that...

From Likes to Ledgers: The Financial Revolution of Social Media and Cryptocurrency

The direct integration of cryptocurrency into social media platforms is set to revolutionise global finance, offering unprecedented access to financial services. With substantial user bases and advanced anti-fraud measures, these platforms can democratise financial offerings, especially in developing countries.  As social media becomes increasingly integral to daily life, successful models like TikTok and WeChat highlight the potential of merging blockchain payments with social interactions, signalling a transformative era for global...

Who is David Sacks? Trump’s pick for White House AI and Crypto Czar is a Bitcoin holder

Key Takeaways David Sacks has been nominated by Donald Trump as the White House AI and Crypto Czar. Sacks invested in Bitcoin early on and he will be involved in regulating the crypto industry following Trump's nomination. President-elect Donald Trump has nominated David Sacks as his White House AI and Crypto Czar. Who is David Sacks and what is his stance on Bitcoin and crypto? Who is David Sacks? David...

Demand concerns knock FMCG stocks hard

News ETMarkets.com From FY26 and FY27 onwards, the street will start building high-single-digit growth for FMCG companies aided by price hikes, he added. Synopsis Godrej Consumer Products fell nearly 9%, leading a fall in FMCG stocks. Tata Consumer Products slumped 4.1% while Marico, Hindustan Unilever and Dabur shed over 3% each. Colgate Palmolive tumbled 2.9% while Nestle and Britannia Industries fell over 1.5%. ITC closed 1.26% lower. ET Bureau Last...

BTCC Exchange Introduces Up to 50x Leverage on Over 300 USDT-Margined Trading Pairs

VILNIUS, Lithuania, July 26th, 2024, Chainwire In a significant move this July 2024, BTCC has launched up to 50x leverage on over 300 USDT-margined trading pairs. This development follows the successful introduction of 500x leverage on major trading pairs, including BTC, ETH, XRP, SOL, and DOGE. BTCC has now decided to elevate the futures trading experience by increasing the available leverage from 20x to 50x, setting a new standard in...