Month: August 2022

BREAKING ๐Ÿšจ BITCOIN BULLISH BREAKOUT | My $30K Ethereum Classic Investment | Crypto News & Analysis

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Borrowing USDC with FOX: A Guide

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Fringe Finance, an all-new and inclusive DeFi lending platform, saw the integration of $FOX as a collateral type into its Primary Lending Platform (PLP). With Fringeโ€™s PLP, borrowers can take out $USDC loans against their altcoins. Now $FOX holders will get access to stablecoin loans and will be able to unlock part of the value of their positions without selling their tokens. Below, weโ€™ve prepared a short tutorial on borrowing $USDC with FOX tokens. ย  How do $USDC Loans work? Through Fringe Finance, you can take out instant $USDC overcollateralized…

US Crypto Exchange Giant Coinbase Signs Huge Deal With Investment Firm BlackRock

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Two titans from different corners of the investment world are partnering up to bring cryptocurrency trading to wealthy clients. In a new blog post, top US-based crypto exchange Coinbase announcedย an alliance with BlackRock, the traditional finance investment behemoth with $10 trillion in assets under management (AUM). Institutional investors who use BlackRockโ€™s Aladdin management platform will now be able to purchase Bitcoin (BTC) via Coinbase Prime, with access to other altcoins coming at a future date. โ€œBuilt for institutions, Coinbase Prime integrates advanced agency trading, custody, prime financing, staking, and staking…

Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria

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Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countriesย in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital collectibles minted on the Flow blockchain on Instagram. The high-profile integration helped FLOW surge 54% to reach an intraday high of $2.83 a token. Interestingly, the token’s massive upside move…

The Pelosi Effect? Ethereum Faces Headwinds Over Area At $1,600

Ethereum has lost steam after a week of trading in profits. The elements for a potential extension of the bullish momentum were laid out in the macro-economic stage. Still, rising tensions between China and the United States have brought back uncertainty to the global financial world. U.S. Congresswoman and Speaker of the House of Representatives Nancy Pelosi visited Taiwan earlier this week. Her visit is controversial, as Taiwan is considered a territory in open rebellion by China. The latter responded to Pelosiโ€™s visit by firing artillery near Taiwan and announcing…

BNB rallies 39% despite smart contract deposits dropping 28% โ€” Should investors be worried?

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Cryptocurrenciesโ€™ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNBย managed to gain 39% over that period. BNB (blue) vs. Ether (orange), AVAX (cyan), SOL (yellow). Source: TradingView BNB tokenโ€™s year-to-date performance remains negative by 43%, but the current $49.5 billion market capitalization ranks it the third largest, excluding stablecoins. Furthermore, the leading decentralized application (DApp) is PancakeSwap โ€” 843,630 active addresses in…

Lattice Capital Raises $60M for Second Crypto Fund

Lattice Capital, a venture capital firm that makes early-stage bets on crypto projects and protocols, has raised $60 million for its second fund, tripling the capital commitment from its first purse last August, Lattice general partner Mike Zajko told CoinDesk in an interview. Source

Avalanche (AVAX) Poised For 25% Rally Ahead Of Seoul Web3 Hackathon

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Avalanche (AVAX) price is seen to soar by 24% or $32 within its consolidation period. A breach projected overshooting the descending parallel channel would nudge AVAX closer to its hurdle or resistance level at $25. After AVAX was able to maintain support at $22.50, a bull run is anticipated to happen. Avalanche was recently rejected at $25 due to strong selling activity which precipitated a rebound seen in the last week of July. The challenge here lies with AVAX ability to soar above the descending parallel channel to stir up…

Bitcoin Unaffected by Bank of England’s Super-Size Interest-Rate Hike

The bitcoin mining difficulty ribbon, comprising short- and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode show. Source BankBitcoinEnglandsHikeInterestRateSuperSizeUnaffected CryptoX Portal

๐Ÿšจ Bitcoin Update – ETH Pump or Bull trap | BTC Analysis in Hindi | Crypto Update India

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