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Day: August 9, 2022
Axie Infinity looking to ‘double-down’ on Korean market: KBW
Sky Mavis, the firm behind play-to-earn (P2E) heavyweight Axie Infinity is looking to “double down” in South Korea and ramp up adoption despite the regulatory hurdles. Speaking with Cointelegraph at the Korea Blockchain Week on Tuesday, Sky Mavis co-founder and growth lead Jeffrey Zirlin stated that despite the domestic ban on P2E games still being in place, the “Korean market is one of the most important gaming markets in the world, and we have tons of players in South Korea.” Zirlin added that the company is currently looking at ways…
BIG RISES THROUGHOUT THE WEEK for Bitcoin Ethereum and Altcoin Market, Resistance Above as News Hits
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io After a positive week in the crypto market as the Bitcoin price rises to $24,200, and Ethereum’s price reaching into the $1600s, overhead resistances have arrived. Bitcoin is also working out the 50-day moving average along with the 200-week moving average as we start to wrap this week up, along with some surprising news hitting the market yesterday as Tesla and Elon Musk announced that they have sold Bitcoin! The chapter is coming to a close with Elon and Bitcoin, and we…
Colombians Make Up 20% of the Customers of New Gen Crypto-Powered Accounts According to BBVA – News Bitcoin News
BBVA, a private bank based in Spain, released an article that states Latam users are very interested in their crypto-powered solutions. The institution informed that close to 20% of the users of their New Gen accounts, which are available from Switzerland, are Colombians who are attracted by the crypto services offered by these accounts. Colombians Attracted by Crypto Services, According to BBVA Cryptocurrency solutions and their associated services are being embraced more and more by Latam users due to the characteristics of their economies. According to BBVA, a…
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MATIC Price Demonstrated Bullishness, How Soon Will It Touch $1?
MATIC price had been on a bearish trajectory for the past few days. Over the last week, the coin hasn’t made any progress in terms of price appreciation. In the last 24 hours however, MATIC registered a 2% increase in its market value. Currently Polygon MATIC price is slightly underneath the $1 price mark. Price of MATIC has been stuck below the $1 mark for months now, every time the bulls start to pick up momentum, the coin was met with selling pressure. For MATIC to invalidate the bearish thesis…
Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase
Bitcoin price gained pace above the $23,500 resistance against the US Dollar. BTC could start a fresh increase if it stays above the $23,500 pivot level. Bitcoin started a decent increase above the $23,500 level. The price is now trading above the $23,500 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $23,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $24,000 resistance to start a fresh increase in the near…
Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report
Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report. Said inflows reached $16.3 million last week, adding to a total of $159 million in inflows over the last seven weeks. CoinShares Head of Research James Butterfill on Aug. 8 said the rise in market sentiment for Ethereum-focused products is largely due to “greater clarity” relating to the upcoming Merge, which is set for Sep. 19, with Butterfill stating: “We believe this turn-around in investor sentiment…
When Coinbase matures it's volatility will decrease, says Oppenheimer's Owen Lau
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Owen Lau, Oppenheimer senior analyst, joins ‘Closing Bell’ to discuss Coinbase shares jumping on a BlackRock partnership. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective…
CryptoDickbutts NFTs Erect Nearly 700% In Daily Sales Volume
CryptoDickButts (CDB) floor price has skyrocketed with the overwhelming support from popular influencers. CDB soared on Sunday, outpacing other well-known NFT collectibles with significant volume. CDB was able to land the 6th spot for the largest daily trading volume for NFTs on OpenSea. As of this writing, CryptoDickbutts has soared by a whopping 690% or roughly 290 ETH equivalent to around $495,000 surpassing leading NFT projects such as Art Blocks, Cool Cats, and Goblintown. CDB’s trading volume has remarkably increased by over 135% in the last seven days. The CryptoDickbutts…