For instance, the native community of Bancor, an Ethereum-based decentralized exchange, is voting on a proposal to destroy a significant chunk of the protocol’s endemic coin, the bancor network token (BNT), in the hope that the so-called token burn will bode well for the cryptocurrency’s price. Source
In Custodia’s complaint, lawyers for the Wyoming-based bank argued that a master account was “vital to Custodia’s ability to operate effectively and efficiently,” and that the Fed’s continued waffling on the decision was detrimental to Custodia’s customers – and, furthermore, indicated a “black box bureaucratic process with no clear rules” that allowed it to “act in complete secrecy, whenever and however they choose.” Source
The Norwegian browser company has already offered in-browser crypto wallet support to nine blockchains since its beta version in January. Source
Ethereum saw a major rejection near the $1,420 zone against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,220 support. Ethereum started a fresh decline from the $1,420 resistance zone. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,325 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but it might face sellers near the $1,285…
The largest non-fungible token (NFT) marketplace by sales volume, Opensea, has announced a new “immersive and secure minting experience” by giving NFT creators the ability to showcase “collections with dedicated drop pages and greater discoverability” on Opensea’s new homepage. Moreover, the company also announced on Tuesday that the NFT marketplace will soon support the layer two (L2) protocol Arbitrum. Opensea Announces NFT Drop Improvements and Arbirtum L2 Support Opensea has made a number of changes and it just recently revamped the NFT market’s homepage. The NFT marketplace is the largest…
The marketplace said in a tweet that, starting Wednesday, creators will be able to set fees associated with selling NFTs on the network. OpenSea said it’s planning to support several collections already minting on Arbitrum, including Smolverse, GMX Blueberry Club and Diamond Pepes. Source
Bitcoin (BTC) is on the defensive ahead of a pivotal Federal Reserve decision on Wednesday on interest rates and appears to be on track to test support at $18,300, which, if breached, could make the bear market worse, according to technical analysis by Katie Stockton, founder and managing partner at Fairlead Strategies. Source
The price of Solana (SOL) has been volatile against tether (USDT), causing more pain for hodlers. Despite showing such strength, the price of Solana (SOL) has risen from $30 in recent weeks to around $45, as many investors hoped for more relief rallies to around $60. Solana (SOL) prices were rejected and have continued to fall with no significant bounce. (Data from Binance) Solana (SOL) Price Analysis On The Weekly Chart SOL’s price dropped from $250 to around $30, representing a drop of more than 70% from its all-time high.…
In this episode of NewsBTC’s daily technical analysis videos, we provide a weekly wrap up on Bitcoin price action and look ahead into what might be a critical weekend for crypto. VIDEO: Bitcoin Price Analysis (BTCUSD): September 16, 2022 Overall, there isn’t all that much more to report this week. Bitcoin is still struggling to maintain support and continues to creep lower and lower. We could get some sort of larger movement soon, however. The LMACD is close to crossing bearish on the daily. Sometimes, although the crossover looks all but…
After showing so much strength as the price rallied from $1,024 to a region of $2,000 against tether (USDT) ahead of the anticipated merge, many call for a bull run and a $4,000 Ethereum price at the end of the “Ethereum Merge.” The price of Ethereum has not shown that run it showed in recent months as the price has struggled to break above $1,800. (Data from Binance) Ethereum (ETH) Token Price Analysis On The Weekly Chart ETH saw a decline in its price from $4,500 to around $1,024, with…