Meanwhile, the number of unique addresses interacting with SHIB token have fallen by 66.1% since peaking around 107,000 on Oct. 28, according to Santiment. On Oct. 28, there were 53,546 addresses interacting with SHIB for the first time, but the new addresses holding SHIB today have dropped by more than 64%. Source
Google’s parent company Alphabet has made a $1 billion equity investment in the Chicago Mercantile Exchange Group, the exchange responsible for many crypto derivatives products. In a Thursday notice to investors, the CME Group announced the $1 billion investment from Alphabet in addition to a 10-year strategic partnership with Google Cloud aimed at accelerating the exchange’s move to the Cloud and changing the way global derivatives markets operate. Google made the investment through the company’s nonvoting convertible preferred stock. “Through this long-term partnership with Google Cloud, CME Group will transform…
Paytm, India’s leading digital payments company, has said Thursday that it would consider Bitcoin services if the country’s regulatory framework for cryptocurrencies was more definite. Speaking to Haslinda Amin and Rishaad Salamat during an interview on Bloomberg TV, Paytm’s Chief Financial Officer Madhur Deora stated that the rules surrounding Bitcoin (BTC) remain in a “grey area” in India. “Bitcoin is still in a regulatory grey area if not a regulatory ban in India. […] At the moment Paytm does not do Bitcoin. If it was ever to become fully legal…
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At the end of October, the product comparison website finder.com published new survey data about price predictions concerning the leading crypto asset ethereum. On November 1, Finder’s researchers published price predictions for the ethereum competitor solana, as Finder’s panelists predict the digital asset is expected to reach $235 by the year’s end and $1,178 by the end of 2025. Solana Expected to Hit $1,178 by 2025 During the course of 2021, finder.com, an investing companion application and product comparison website, has been covering a number of popular crypto assets to…
Crypto arbitrage is a type of trading strategy where investors capitalize on slight price discrepancies of a digital asset across multiple markets or exchanges. In its simplest form, crypto arbitrage trading is the process of buying a digital asset on one exchange and selling it (just about) simultaneously on another where the price is higher. Doing so means making profits through a process that involves little or no risks. The other great thing about this strategy is you don’t have to be a professional investor with an expensive set-up in…
“Players spend billions of dollars on digital assets each year, but the value of their collections has been locked away from them. Utilizing NFTs in gaming creates a whole new set of game design principles built around scarcity vs. inflationary free-to-play economies,” said John Linden, co-founder and CEO of Mythical Games, in the company’s press release. Source
Bitcoin’s (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin’s market value to its realized value — similar to the price to book (P/B) ratio that compares a company’s market value to its book value. In doing so, MVRV attempts to identify whether an asset is under or overvalued. A 2017-like bullish setup An MVRV reading above 3.7…
Bitcoin has traded in a tight range between $60,000 support and $64,000 resistance over the past week. Short-term buyers have been active on pullbacks, which suggests downside could be limited into Asia trading hours. Upside momentum is slowing after BTC made an all-time high around $66,900 last month. It appears that buyers were quick to take profits around the price high, especially given short-term overbought signals on the charts. BTC was trading around $61,500 at press time and is down about 1% over the past 24 hours. The relative strength…
Digital bank Revolut is looking to hire a tech lead to build a crypto exchange, according to a new job posting. The successful candidate will be “leading a technical team to architect and build Revolut Crypto exchange,” according to a job ad posted on LinkedIn on Thursday. Revolut is looking for experience in building order-matching engines such as those used by crypto exchanges. The U.K.-based fintech, which has a $33 billion valuation, has been offering crypto buying and selling services for several years. If finally allowed users to transfer their…