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Bitcoin, Ethereum, Crypto News and Price Data CoinDesk This news is republished from another source. You can check the original article here
Looking back over the past few years, cryptocurrencies are arguably one of the biggest agents of change that the global financial services industry has seen. Initially considered to be too risky for an average investor, these blockchain-powered assets have unleashed a host of options for investors that give them an edge over traditional instruments of finance. Cryptocurrencies eliminate third-party intervention from institutions like banks and brokerage firms, so your investments are safe from random charges. Besides, with data privacy and transparent frameworks, users can enjoy secure trading experiences. And lastly, as the sustained rally in cryptocurrency prices has shown, these…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the the impact an upcoming speech from US Fed Chair Jerome Powell could have on Bitcoin price action. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 25, 2022 The US Fed Reserve Chair Jerome Powell will speak at the global central banking conference in Jackson Hole, Wyoming, focusing on the future economic outlook. Depending on if that outlook is hawkish or dovish, Bitcoin could sink further or begin to soar. Daily BTCUSD Looks Dangerous As Bears Remain Dominant On daily timeframes the picture…
Aug 25 (Reuters) – Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora Acquisition Corp in a deal valued at $885 million, the companies said on Thursday. The transaction will raise up to $321 million of cash held in GSRM’s trust account and will be used to support Bitcoin Depot’s working capital, complete acquisitions and scale its platform and suite of products. Assuming no redemptions, the combined company will be valued at $755 million, including debt, with an equity value of $885 million and up to $170 million in cash…
While the broader cryptocurrency market stages recovery after last week’s selloff, meme coin Shiba Inu (SHIB) has risen over 9% today and recorded a weekly high. SHIB, the 12th-largest cryptocurrency, has a market capitalization of $8.01 billion and currently trades at around $0.00001439, according to data from CoinMarketCap. SHIB’s upwards price action is primarily a result of a spike in the token’s burn rate earlier this week, and expectations around the launch of Shibarium (a layer-2 blockchain to be launched by Shiba Inu). Nearly 110 million SHIB tokens have been burned over the past 24 hours, and 40% of the…
ANI | Updated: Aug 25, 2022 15:15 IST New Delhi [India], August 25 (ANI/ATK): The versatility of the crypto space and its assets has piqued individuals’ interests since the inception of the crypto world roughly a decade ago. Created as an alternative to fiat currencies, cryptocurrencies have evolved to accommodate new innovations such as Non-Fungible Tokens (NFTs), the Metaverse, and Virtual Reality (VR).Alongside Bitcoin and Ethereum, several neoteric currencies are also working to be in the spotlight. Even though these two coins (Bitcoin and Ethereum) have succeeded in instigating change in the digital currency community, some limitations have been identified…
Source: lucadp / Shutterstock When looking for the best cryptos to buy, it’s important to take macroeconomic conditions into consideration. When the Fed raises interest rates, the overall value of the cryptocurrency market decreases. That has essentially been the pattern that has been established in 2022. The Fed instituted its first rate increase of 0.25% on March 16. That was followed by a 0.50% rate increase in May and two subsequent hikes of 0.75% in June and July, respectively. Investors who reference this chart that tracks the cryptocurrency market capitalization will understand the overall trend of rate hikes on crypto.…
Crypto analytics platform Santiment is expressing bullishness on one Ethereum-based token that has already rallied by triple-digits. Santiment says that the utility token of sports fan engagement platform Socios.com, Chiliz (CHZ), is set to continue rallying as whale activity surrounding it hits a five-month high. “Chiliz has peppered its way into the top-40 crypto assets by market cap and +150% price surge in the past four weeks. Whale transactions hit the highest network amount since March 29th. Even if whales are profit taking, the CHZ rally could continue.” Source: Santiment/TwitterChiliz is trading at $0.245 at the time of writing, up…
American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression.The firm’s founder and CEO Brian Armstrong delved into the long-term prospects of the American cryptocurrency exchange in a wide-ranging interview with CNBC’s Crypto World on Aug. 23. A key talking point was the potential of lower revenues from fees in the future and how the company plans to preempt this possibility.Armstrong highlighted his belief that profit margin compression was bound to occur in the future as more exchanges and competitors launch similar products and services which could compete for market…
Metaverse is poised to become the new normal. It’s a space on the internet to learn, experience, interact and grow. While metaverse is a whole new science, decentralization can make it even more robust. One of the most influential crypto projects striving to decentralize metaverse and Web3.0 is MXC. In this MXC price prediction we will unfold price targets plus breakthrough fundamentals of MXC or “Meta X Connect”.The thriving mining community and the combined strength of the broad MXC core supporters are integral to the MXC Data Network. It undoubtedly has been one of the well-performing cryptos since the beginning…