Day: November 17, 2023

Dogecoin Jumps 10%, But This Signal Could Bring Rally To A Stop

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Dogecoin has seen a rise of about 10% during the past day, but longs are piling up on the futures market, which may be something to keep an eye on. Dogecoin Funding Rate Attains Highly Positive Values After Rally As explained by the on-chain analytics firm Santiment, DOGE traders are betting on the price rise to continue as long positions are being opened on the futures market. The indicator of interest here is the “Binance funding rate,” which keeps track of the periodic fee that Dogecoin futures contract holders on…

BitGo CEO expects additional round of Bitcoin ETF rejections

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BitGo CEO Mike Belshe says the market should expect another round of spot Bitcoin ETF rejections as there are still issues to be resolved. Although the crypto market is seeing signs that a spot Bitcoin (BTC) exchange-traded fund (ETF) will finally be approved somewhat in the near future, BitGo CEO Mike Belshe thinks the industry should prepare for yet another round of rejections by the U.S. Securities and Exchange Commission (SEC). In an interview with Bloomberg, Belshe, who runs qualified crypto custodian in the U.S., noted that he’s optimistic about…

Crypto Payment Firm Strike Enables Bitcoin Purchases for Users Worldwide

Strike initially rolled out the BTC purchase feature for customers in the United States, allowing only users in the country to buy the crypto asset at no cost. Crypto payment company Strike has expanded its global services, allowing users in 36 countries, including El Salvador, Australia, and some African nations, to purchase Bitcoin (BTC) directly on the platform using their debit cards. In a recent announcement, the firm revealed plans to extend these services to over 65 countries in the future. The global purchase feature is already available to iOS…

Factors That Indicate A DOGE Rally Is Just Starting

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According to on-chain analytics, the next strong Dogecoin rally might be closer than we think. The meme token has been giving traders mixed signals for the past month, but signs like on-chain transaction volume and DOGE’s mission to the moon are starting to point to the next surge being right around the corner.  Despite the majority of cryptocurrencies being in the red over the past 24 hours as consolidation and modest selloffs continue, Doge has managed to post a gain of 6.87%.  Dogecoin Transaction Volume Spikes Price activity indicates that…

XREX receives approval for crypto payment services in Singapore

XREX, a crypto exchange in Asia focusing on cross-border payments, has secured in-principle approval for a Major Payment Institution (MPI) license in Singapore. On Nov. 17, XREX announced on X (formerly Twitter) that it had received initial approval from the Monetary Authority of Singapore for a license that would eventually allow the firm to offer digital payment token services and products in the city-state. XREX has received the in-principle approval for the Major Payment Institution license in #Singapore, issued by the Monetary Authority of Singapore. 🇸🇬This means that XREX Singapore…

How to backup your crypto wallet private keys

In the rapidly evolving world of cryptocurrencies, it is critical to secure one’s digital assets. A crucial element of crypto security is storing a backup of private keys. Private keys are the keys to one’s crypto kingdom, and losing them can cause an irreversible loss of money.  This article will explain the importance of private keys, the risks they pose and the different ways to safely backup keys. What are private keys? In the world of cryptocurrency, every digital wallet is built upon a foundation of cryptographic keys, forming an…

Bitcoin-Focused Project Taproot Wizards Raises $7.5M to Advance BTC Innovation

Taproot Wizards seeks to bring together developers to build different applications and solutions on top of the Bitcoin Base layer that will maximize the potential of the Taproot upgrade carried out in 2021 To strengthen the innovations in the world of Bitcoin, Taproot Wizards secured new funding to further develop the BTC ecosystem. The successful raise shows increasing momentum and interest in expanding Bitcoin’s capabilities beyond being only a store of value. HOLD ON TO YOUR WIZARD HATS! Today we are announcing a $7.5M seed round, led by @standardcrypto, to…

XRP Price Now Enters The DCA Buy Zone: Crypto Analyst

The XRP price has entered what is regarded as the Dollar Cost Averaging (DCA) ranging zone, according to crypto analyst Egrag. While the digital asset’s price oscillates within a critical zone, the analyst maintains a bullish stance on its future trajectory. XRP Price Enters DCA Zone Egrag stated via a post on X, “XRP Color Code (Update): My Stance Forged in the Fires of Conviction: Let me say it 1 million times that I’m still bullish AF, so ease up on the DMs assuming I’ve switched my stance. Remember, markets…