Privacy coin Monero presses on full steam ahead as its daily transaction count reaches all-time highs. Data from bitinfocharts.com shows the daily number of XMR transactions peaked at 20.136k on October 12, 2020. This smashes the previous all-time high of 16.689k daily transactions, achieved less than a month and a half ago. Source: bitinfocharts.com Since…
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It has been more than a decade since the first cryptocurrency, Bitcoin came into existence. As it continued its struggle to gain wide-spread adoption, people soon realized the importance of the cryptocurrency’s underlying technology which could be used for a variety of applications, opening doors to decentralized applications (DApps) and now Decentralized Finance (DeFi). Now…
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On September 24th, Phemex put in motion an exciting competition for crypto traders – The Phemex Trader’s Arena. Registrations are open until October 23rd, so make sure you don’t miss out. Phemex’s competition has a prize pool that ranges between 2 BTC and 100 BTC, depending on the final number of participants. It is a…
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The NEAR blockchain completed a major milestone this week after stakers and delegators voted on the governance rules of the network. The purposeful decentralization of power by the NEAR team effectively completes the blockchain’s transformation to becoming public and permissionless, run only by a democratically governed community. NEAR Goes Permissionless The transfer of power to…
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New York-based asset managers Stone Ridge confirms 10k Bitcoin ($115 million) holding in its treasury. Stone Ridge purchased the Bitcoin via subsidiary firm New York Digital Investment Group (NYDIG), one of the few companies with a BitLicense issued by the New York State Department of Financial Services (NYSDFS). Stone Ridge becomes the latest high profile…
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Chainlink (LINK) has been one of the fastest-rallying coins over recent weeks. The leading Ethereum-based cryptocurrency underwent a strong bounce from its $7.75 lows to a recent high just shy of $12. This meant that from the lows, Chainlink gained over 45%, making it one of the top-performing coins from the September lows. LINK has…
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No traders may want to purchase Yearn Finance (YFI) after it plunges below $12,000, according to an independent analyst. The pseudonymous entity said in a tweet on Wednesday that the Yearn Finance’s native token “is dead” if it fails to hold above the said support level. In a separate tweet, he published an outlook that…
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Ripple remained in a positive zone above the $0.2500 support against the US Dollar. XRP price is likely to rally further if it clears the main $0.2600 resistance. Ripple started following a nice bullish path above the $0.2450 resistance against the US dollar. The price is now trading well above $0.2500 and the 100 simple…
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Bitcoin price is still struggling to gain bullish momentum above $11,500 against the US Dollar. BTC could start a major downside correction if it breaks $11,200 and the 100 hourly SMA. Bitcoin is struggling to settle above the $11,500 and $11,520 resistance levels. The price is currently trading just above the $10,400 support and the…
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Ethereum corrected lower after testing the $395 resistance against the US Dollar. ETH price is currently following the 100 hourly SMA, and it could resume its rally above $385. Ethereum is following a nice bullish trend above the $375 and $380 levels. The price is trading above the 100 hourly simple moving average, but it…
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