Day: February 20, 2023

Ethereum’s deflation accelerates as Shanghai upgrade looms — Can ETH price avoid a 30% drop?

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The price of Ethereum’s native token, Ether (ETH), has surged by more than 40% year-to-date to around $1,750, the highest level in seven months. However, ETH’s price is not out of the woods yet despite several bullish cues in the pipeline, such as the Shanghai upgrade. Ethereum price bull trap? Ether’s rise aligns with similar upside moves elsewhere in the crypto market, responding to lowering inflation that reduces the Federal Reserve’s likelihood of continuing to raise interest rates. At the same time, warnings about an imminent bull trap in the markets…

Ethereum’s deflation accelerates as Shanghai upgrade looms — Can ETH price avoid a 30% drop?

The price of Ethereum’s native token, Ether (ETH), has surged by more than 40% year-to-date to around $1,750, the highest level in seven months. However, ETH price is not out of the woods yet despite several bullish cues such as the Shanghai upgrade in the pipeline.  Ethereum price bull trap? Ether’s rise has appeared primarily in the wake of similar upside moves elsewhere in the crypto market, responding to lowering inflation that reduces the Federal Reserve’s likelihood of raising interest rates aggressively. At the same time, warnings about an imminent bull…

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Solana (SOL) Price Shoots More than 12% with Helium Announcing Merge Date

With the recent Solana (SOL) price pump a staggering $5.86 million worth of Solana futures positions was liquidated over the last 24 hours. Solana bulls are clearly in action once again as SOL price has jumped by 12% in the last 24 hours and is currently trading at $26.4 with a market cap of $9.9 billion. Currently, SOL is the largest gainer among the top 50 cryptocurrencies by market cap. With today’s price surge, SOL has extended its weekly gains to more than 21% and is now the 11th largest…

Ark Invest Purchased Total of 133,321 Coinbase Shares Last Week, COIN Up 17% on Friday

Ark Invest increased its Coinbase shares holding via its two ETFs, ARKK and ARKW, spending more than $20 million on COIN since January. ARK Investment Management LLC (Ark Invest) is already enjoying dividends on the Coinbase (NASDAQ: COIN) shares it purchased last week. Between February 13th and 17th, the investment management firm bought a total of 133,321 shares in the crypto exchange. However, reports have stressed that Ark Invest bought the Coinbase shares on Monday and Tuesday, with no buy or sell activity for the rest of the week. Coinbase’s shares closed…

China Issues New Rules for Overseas IPOs Effective from March 31

Over time, multiple Chinese agencies have consistently provided new rules to guide and protect national security and personal data. The China Securities Regulatory Commission (CSRC) has announced rules for local companies filing Initial Public Offerings (IPOs) overseas. The new rules give domestic companies more clarity on if they can list outside their home country. According to the CSRC, the laws binding the filing of overseas IPOs will become effective for all companies in China from March 31. China Formalizes Laws for Overseas IPOs Announcing the new regulations, the Commission explained…

Crypto Dominates as Payment Method for Remote Workers in Latam – Bitcoin News

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Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat currencies, and the influence of high levels of inflation in the region. Remote Workers Prefer to Be Paid With Crypto in Latam According to a report from the Deel Lab for Global Employment, most remote workers in Latam prefer to be paid in cryptocurrency, reinforcing the popularity…

Binance to bring fans closer to sports teams with fan token platform

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Crypto exchange Binance has launched a new update to its fan token platform that focuses on helping sports teams engage with their fans by offering various rewards to token holders.  In an announcement sent to Cointelegraph, the crypto exchange said that its fan club program will now let fans gather points that they can exchange for rewards that range from getting tickets to games, having access to meet and greets, receiving video clips from their favorite players and participation in exclusive dinners with the athletes. Fan from Binance Fan Token…