Day: March 4, 2021

Ethereum Struggles Above $1,600, Why 100 SMA Is The Key

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Ethereum traded to a new monthly high at $1,655 before correcting lower against the US Dollar. ETH price is struggling to stay above $1,600, but it is likely to remain stable as long as above the 100 hourly SMA. Ethereum extended its rise above the $1,600 and $1,625 resistance levels. The price is now correcting below $1,600 and approaching the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could…

SushiSwap deploys contracts on five new networks

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Major DeFi protocols are moving to cultivate a multi-chain decentralized finance ecosystem, with SushiSwap deploying its contracts on five networks, and Balancer announcing ports onto Moonbeam and Polkadot.  On March 3, SushiSwap CTO, Joseph Delong, announced the DEX had deployed contracts on xDai, Moonbeam Network, Binance Smart Chain, Polygon (previously called Matic), and Fantom. Delong noted Sushi is planning additional future deployments, including on Optimism. A Solana port is also under consideration. While the CTO stated users can expect “relatively complete” experiences on Fantom and Binance as both networks currently…

Polygon-based QuickSwap’s TVL grows by $75M in two weeks

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Polygon-based DEX QuickSwap has attracted more than $105 million in worth of liquidity since the start of 2021. The Uniswap clone began the year with only $300,000 worth of assets locked in its protocol, with more than three quarters of the exchange’s total value locked being added in the past fortnight. QuickSwap is currently the leading second-layer decentralized exchange by daily volume with $38.5 million worth of trades over the past 24 hours. The second-largest L2 DEX by volume is Loopring with $8.4 million, followed by ZKSwap with $2.5 million.…

Is Ethereum's DeFi The Future Of Finance – $3,000 Ethereum Price Prediction!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today we dive into my $3,000 Ethereum price prediction and I tell you why Defi is the Future of Ethereum. – Let’s Dive Right on into it! Sign up for CT2A and use Coupon Code “NewYears2021″ for $75 off at checkout!: Sign up for ByBit with this link and start leverage trading! For inquiries, please contact us at CryptoJebb@gmail.com If you would like to support the channel, below are affiliate links that give me a kickback when you use them. They cost…

Bitcoin Turns Attractive Above $50K, Why BTC Could Rally To $55K

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Bitcoin price extended its rise and cleared the $50,000 resistance against the US Dollar. BTC is now consolidating gains and it is likely to climb further above $52,000. Bitcoin is trading in a positive zone above the $50,000 and $50,500 support levels. The price is now trading well above $51,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $49,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its rally once it clears…

Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany – Finance Bitcoin News

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Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn Away Customer Deposits Banks in Germany have been telling customers to take their deposits elsewhere as they can no longer sustain the cost of parking money at the ECB, the Wall Street Journal reported Tuesday. The central bank has been imposing negative…

Coinbase Suspends XRP Trading, Ripple’s Fall Could Be Good For Bitcoin

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A broad sell-off in cryptocurrencies was led by XRP Tuesday as Coinbase announced it would suspend trading of the Ripple-affiliated token amid trouble with the U.S. Securities Exchange Commission. This could nevertheless be good news for bitcoin, according to ARK Invest Analyst Yassine Elmadra. #cryptocurrency #digitalfinance #finance Subscribe to CoinDesk on YouTube: Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: spotify:show:2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: spotify:show:7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset…

Compound to offer cross-chain borrowing via Gateway

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Decentralized finance lending protocol Compound has unveiled a new blockchain that will enable cross-chain collateral. It is the latest move to mitigate expensive operations on the Ethereum network and enable more interoperability in the DeFi ecosystem. The new Gateway chain, announced on Mar. 2, has been described as a cross-chain interest rate market that allows users to borrow assets that are native to one chain, such as Ethereum, with collateral from another chain, such as Polkadot or Celo. Compound Finance originally announced the platform in December 2020 when it was…

1 in 5 investors at firms that don’t trade in crypto say they are ‘likely’ to in future

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A survey carried out by JPMorgan found that one in five institutional investors at firms that don’t currently trade in cryptocurrency believe their companies are likely to do so in future. The survey of more than 3,400 investors representing 1,500 institutions, found that 11% of respondents work at firms that trade or invest in crypto, while 89% do not. Promisingly however, twice as many institutions appear likely to invest into crypto ashan those who have already taken the plunge, signalling institutional money may continue to flow into the markets over…