Month: August 2022

Polkadot Loses Steam As DOT Sheds 10% After Weekly Gains

Another tumbling block for Polkadot (DOT) as its price has declined by over 10% touching $7.70 after closing July in flying colors. Further, DOT seems to hold on to the support zone above $8 especially as the coin will encounter hurdles at $10. Just when it thought it was bound for the home run, the ETH killer succumbed and slumped after wowing everyone with an impressive bullish streak. More so, Polkadot was seen to have a bearish movement and has tanked to $7.70. DOT Price Spikes 12% Then Drops 10%…

BNB Ready To Break Above $300? Fundamentals Support Bulls

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Binance Coin (BNB) has been moving sideways around the critical level at $300 and might gather momentum for a rally. The cryptocurrency saw significant losses over the past months, but it has been able to recover faster than other altcoins. At the time of writing, BNB’s price trades at $290 with a 4% and 17% profit over the past 24 hours and 7 days, respectively. Thus, making this cryptocurrency one of the best-performing assets in the crypto top 10 by market cap only surpasses Polkadot’s (DOT) 22% profit in one…

Bitcoin bulls aim for $25K price on Friday’s $510M options expiry

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Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the upper hand on Friday’s $510 million BTC options expiry. Bitcoin index/USD 1-day price. Source: TradingView Investors have been reducing their risk exposure as the Federal Reserve raises interest rates and unwinds its record $8.9 trillion balance sheet. As a result, the Bloomberg Commodity Index (BCOM), which measures price changes in crude oil, natural gas, gold, corn…

The real adoption of Bitcoin salaries

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Are cryptocurrency wages an idea whose time has come? Maybe not. It’s one thing, after all, to dabble in Bitcoin (BTC) with one’s excess cash and quite another to take a significant portion of one’s salary in BTC.  Moreover, there are often tax and custody questions about crypto, as well as concerns about price volatility. There’s the matter, too, that few actual items and services can be purchased at present with cryptocurrencies. It’s not surprising, then, that aside from some celebrity athletes like Tom Brady and Aaron Rodgers and some…

Binance.US Voluntarily Delists Cryptocurrency SEC Deems Security

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On Monday, Binance.US announced that it was in the process of delisting AMP, which had been classified as a security by the SEC in a recent insider-trading case involving Coinbase Global. Binance.US stated that will discontinue trading of the AMP token until more clarity around its classification materializes. In an effort to demonstrate its willingness to be regulatorily compliant, the world’s biggest cryptocurrency exchange by market volume’s U.S. arm, Binance.US has voluntarily delisted one of the cryptocurrencies singled out as a security by the U.S. Securities and Exchange Commission. On…

Canadian taco franchise uses NFTs for customer loyalty program

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With 19 locations across Canada and a plan for expansion into the United States, this $6 million taco franchise wants to capitalize on their growing customer base. The collection, Tenacious Tacos, allows holders to receive both Web3 and real benefits. Moreover, for those who wish, they can stake their nonfungible tokens (NFTs) to earn additional digital rewards. According to the official statement, staked Tenacious Tacos can be redeemed for rewards such as the chance to win a lifetime of free food or monthly payouts in ETH/WETH. Previously Landry’s restaurant group,…