Day: September 6, 2022

CAKE Sets Sights For $5 After More Than 7 Million Tokens Are Sent To A Fiery Death

The Pancakeswap token (CAKE) has been one of those cryptocurrencies that have been steadily growing in the background. The popularity of the decentralized exchange (DEX) contributed tremendously to its rise until it took a hit in the bear market like other digital assets. However, a new development has opened up new promises as millions of CAKE tokens have been removed from circulation. 7 Million Burned CAKE  A scheduled burn had seen millions of CAKE tokens taken out of circulation. Pancakeswap announced the burn on Twitter with figures showing that a…

Euro Ice Hockey Champions Rögle Partners With Locker Token – Press release Bitcoin News

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press release PRESS RELEASE. The connected future of sports and blockchain is on the horizon as Rögle announced an NFT-driven partnership with Locker Token earlier today. The partnership, as entailed in an official release, establishes a formal relationship between the two entities while also providing an insight into Rögle’s intention to launch players and in-game moments as NFTs – with the support of Locker blockchain developers. As part of the partnership, Rögle players will display the Locker logo on the front of team helmets in the upcoming SHL season, while…

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Russia Exploring Stablecoin Settlements With Friendly Nations: Report

Tass quoted Russia’s Deputy Finance Minister Alexey Moiseyev as saying “We are currently working with a number of countries to create bilateral platforms in order not to use dollars and euros. We offer mutually acceptable tokenized instruments that will be used on these platforms, which are essentially clearing platforms that we are currently developing with these countries.” Source

Ethereum ETHUSD Gains Momentum Ahead Of The Merge

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In this episode of NewsBTC’s daily technical analysis videos, we are going to look at Ethereum ahead of the Merge across a variety of timeframes using both the USD trading pair and versus Bitcoin. Take a look at the video below: VIDEO: Bitcoin Price Analysis (ETHUSD & ETHBTC): September 6, 2022 Not much has changed in Bitcoin and other cryptocurrencies since last week. However, Ethereum continues to gear up for the upcoming Merge and posted some decent gains over the weekend. Here is a closer look at Ethereum performance ahead of…

Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears

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Bitcoin (BTC) traded in an increasingly narrow range on Sept. 6 as bets piled in over an imminent breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance futures giant sucks in spent BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying under $20,000 for a fourth straight day with bulls failing to crack resistance. As many wondered when and how the latest consolidation phase would end, two popular social media traders noticed an ongoing accumulation trend by an unknown large-scale Binance futures trading entity. With retail investors selling,…

ETC up Nearly 30% on Tuesday, as Merge Timeline Is Set – Market Updates Bitcoin News

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Ethereum classic was a notable mover in today’s session, as the token rose by nearly 30% on Tuesday. The surge comes as it was confirmed that the Ethereum merge event will take place next week, between September 13-15. Another big mover was avalanche, which rose by over 8% earlier today. Ethereum Classic (ETC) Ethereum classic (ETC) climbed above the $40 mark on Tuesday, as markets reacted to news of The Merge event. Following a low of $32.20 to start the week, ETC/USD surged to a peak of $41.46 earlier in…

Will the Ethereum Merge crash or revive the crypto market?

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On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the Ethereum Merge and how it might impact the crypto market To kick things off, we broke down the latest news in the markets this week. Surge or purge? Why the Merge may not save Ether (ETH) price from “Septembear.” Options data, macroeconomic catalysts and technical signals suggest a decline in Ether price is on the table despite the Merge. Ethereum’s native token, Ether, is not immune to downside risk in September after rallying approximately 90% from its bottom…

Circle co-founder says converged dollar books on Binance would be good for USDC

According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is “a good thing” for USDC. “This move would lead to a gradual net share shift from USDT to BUSD and USDC,” said Allaire.  The day before, Binance announced it would cease trading support for USDC and auto-convert deposits after Sept. 29 to a consolidated Binance USD balance comprising other stablecoins pegged to the U.S. dollar. Users will be able…

Why Bitcoin Casinos Are Proving To Be A Better Alternative

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Bitcoin casinos are becoming increasingly popular due to their plethora of advantages. With the more mainstream adoption of cryptocurrency, these casinos have been able to plug a significant gap in the gambling industry. For many, the fact that they have to input their personal banking information into online casinos to be able to place wagers is a huge deterrent. This is where crypto casinos have been able to provide even better. Being able to provide privacy for users while also maintaining transparency on the part of the casinos has made…