Day: November 16, 2023

There Is a World of Web3 Outside the U.S. and Europe

Reflecting on distinct countries, several differences stand out. Singapore and Hong Kong are aiming to become global business hubs, attracting significant capital. Many venture funds have opened headquarters in those cities, drawn by frequent and transparent regulatory updates. Japan is grappling with nuances of IP ownership. In Korea, centralized exchanges like Upbit often outperform giants like Binance (in part driven by Korea’s crypto enthusiasm and restrictions on gambling). Vietnam, while lacking substantial capital, boasts a community of enthusiasts and developers. Meanwhile, Thailand doesn’t have a prominent developer or enthusiast presence,…

Bitcoin Bulls Are Back! Latest Signal Confirms Bullish Trend is Brewing

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Those burned by the last big Bitcoin bull run are rightfully skeptical that another one is here so soon. However, a trend strength indicator is now confirming the existence of a new bullish trend emerging. Are bulls finally back in control over crypto? Sidelined investors and traders will want to pay attention. How Technicals Could Confirm A New Bullish Trend In Bitcoin Bitcoin price is pulling back after a few failed attempts to make it though $38,000 resistance. This sudden weakness after a major breakout is both reassuring for bears…

Sushi Expands to ZetaChain to Add Native Support for BTC

“We’re aiming to empower bitcoin holders to engage with key DeFi primitives, such as trading, along with more sophisticated applications like lending and borrowing,” Jonathan Covey, a core contributor to ZetaChain, said in an interview with CoinDesk. By allowing bitcoin to be used with Sushi, it goes beyond its traditional use case as just a store of value, he said. Source

BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K

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Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued. BTC/USD 1-hour chart. Source: TradingView Analysis: Door open to deeper BTC price correction Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day. The landscape closely followed events from earlier in the week, where bulls failed to flip new highs to support and endured long liquidations. These were less present on the day, with around $21 million of BTC…

Flare Network join hands with Bloxico to release a reputation score platform

Flare, an Ethereum-compatible network that prioritizes blockchain interoperability, is partnering with Bloxico, a technology company, to introduce a reputation score platform. In an exclusive press release shared with crypto.news, Flare said the platform aims to combine objective and publicly accessible on-chain data with subjective community data to calculate the reputation score of network users. With Flare Reputation Score, it will be easy for the blockchain to onboard new users. This is because scores derived from the platform will instantaneously provide a transparent evaluation of the trustworthiness of network participants.  Flare…

BlackRock Files Ethereum Spot ETF With SEC

Per the S-1 filing submitted to the SEC, the iShares Ethereum Trust is designed to reflect the performance of the Ethereum. BlackRock Inc (NYSE: BLK), a top investment asset management firm, has filed for a spot Ethereum Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This comes only a week after it registered the ETF dubbed iShares Ethereum Trust with Delaware’s Division of Corporations, and almost six months after filing for Bitcoin equivalent, the iShares Bitcoin Trust. Notably, the iShares brand is associated with all…

Solana Balloons To 50%, Nearly Triples in a Month

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SOL, the native token of Solana, has demonstrated exceptional performance once again, surpassing all other prominent cryptocurrencies in the market. The proof-of-stake blockchain platform had a notable increase of nearly 18% in value on the day after remarks made by Cathie Wood, the CEO of Ark Invest, who highlighted the robustness of the Solana network. Solana has experienced a significant upward trend during the year, which some experts have interpreted as a price correction following a prolonged period of undervaluation. According to Coingecko, there has been a significant increase of over…

JPM Coin’s new feature props Solana, Cardano, and Everlodge prices

JPMorgan has introduced programmable payments, a new feature, through the JPM Coin. The goal is to automate transactions and provide smart banking benefits. Meanwhile, Solana (SOL) remains in an uptrend, drawing investor attention. On the other hand, Cardano (ADA) has been charting higher, while Everlodge (ELDG) is also growing in the ongoing presale in stage 6. Summary Solana to spike in value to $83.19 by the start of 2024 Cardano to experience a price upswing to $0.62 during Q4 Everlodge can spike in value by 27x Solana analysts bullish Solana…