This week, Glenn Williams Jr. argues that decentralized exchanges (DEXes) have an intriguing road ahead amid the wreckage of FTX. Then, Kelly Chambers of THEIA8900 notes the digital-asset myopia among financial advisers focused on bitcoin (BTC) and Ethereum’s ETH. Source
The price of Ether (ETH) declined 9.8% between Feb. 19 and Feb. 25 after the price resistance at $1,725 proved stronger than expected. Still, the correction was insufficient to break the 6-week-long ascending channel and did not cause Ether derivatives metrics to turn bearish. Ether (ETH) price index in USD, 1-day. Source: TradingView Ether’s price resilience can be partially explained by the operational failure of some of its smart contract blockchain competitors. For instance, Solana (SOL) faced a 20-hour-long outage on Feb. 25, which was only resolved after a network…
CryptoX – Cryptocurrency Analysis and News Portal Coinbase CEO Brian Armstrong said the exchange decided to suspend trading of Binance USD (BUSD) because the company had concerns about its liquidity. Source The post Coinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns appeared first on CryptoX. CryptoX Portal
Kenetic Capital led the round ahead of Redeem’s second-quarter product launch. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io MOMENT Ukrainian forces blow up two Russian armoured vehicles using missiles and mines. This footage has not yet been … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Litecoin surged to a nine-day high to start the month, breaking out of a recent resistance point in the process. The token climbed past the $95.00 level, as bulls made a run for the $100.00 mark. Polygon also snapped a recent losing streak, by bouncing from a key support point. Litecoin (LTC) Litecoin (LTC) climbed to its highest point in over a week on Wednesday, following a breakout of a recent resistance level. Following a low of $93.52 on Tuesday, LTC/USD started the month of March by climbing to a…
Similar to AI art platforms such as DALL-E or Midjourney, Bicasso users can type in a creative prompt to produce a unique image, or they can upload an image for the tool to adapt. Users can then mint their images as NFTs on Binance’s native BNB chain. Source
“A win for Puerto Rico,” said a blockchain trade association executive. Source link
The reported first-ever annual profit by Revolut follows the fintech giant’s January decision to suspend launching RevCoin. British-Lithuanian neobank and fintech platform Revolut recently reported its first-ever annual profit due to increased user engagement. The London-based fintech giant revealed it raked in a net profit of £59.1 million for 2021. According to Revolut, its commendable performance for the given year was due to a sharp increase in its paid packages subscription. In addition, the company revealed that overall usage of its app also grew substantially in 2021. Revolut raked in revenue of…
Bitcoin (BTC) moved just 0.03% last month in U.S. dollar terms, making February 2023 likely its least volatile in history. Data from Coinglass from after the monthly close confirms that BTC/USD went practically nowhere for four weeks straight. Bitcoin monthly candle barely leaves a trace To say that Bitcoin is less volatile than it was is something of an understatement when it comes to February. Despite its ups and downs, mostly due to macroeconomic data, BTC price action finished the month almost exactly where it began at around $23,500. That…