“We have a rigorous framework in place to help us regularly review the crypto we offer on Robinhood,” a spokesperson told CoinDesk in a statement. “We are extremely selective about the assets we offer as we build toward our goal of making Robinhood Crypto the most trusted, lowest cost, and easiest to use on-ramp to crypto.” Original
Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone. Point of control establishing below $17,000? Bitcoin’s lack of volatility has led commentators to debate when a breakout could occur — and in what direction it could go. So far, however, the increasingly narrow trading range in place since the FTX saga in November remains in control. Now, on-chain analysis…
Using Venly, sellers on Shopify can sell NFTs, offer NFT-gated experiences or use NFTs for authentication by tying them to physical products. Shopify merchants can now mint and list their NFTs through their storefronts using one of the platform’s blockchain apps – Venly. Merchants do not need to refer clients to popular, dedicated NFT marketplaces like OpenSea, Rarible, or Magic Eden. They can instead use Venly to mint NFTs on Avalanche. Layer-1 blockchain platform Venly announced the addition of Avalanche support on Thursday via its Shopify NFT minting app. The…
According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one blockchain designed for trading, Sei Network’s stated features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented: “AMM [Automated Market Makers] was the dominant market-making method in crypto for the past 2 years. The lack of a more efficient market-making strategy is in large part because of…
Solana (SOL) has been completely engulfed in FUD since the FTX crash. This invariably resulted in the price of the token declining much faster than the rest of the market, and last week, SOL touched single-digit values for the first time in almost two years. However, there seems to be a turn in the tide for the digital asset as it receives support from Vitalik Buterin. Vitalik Buterin Offers Support To Solana Taking to Twitter, Ethereum founder Vitalik Buterin expressed support for Solana for the first time. Solana which had…
The Polygon (MATIC) price has been on a downward spiral for the last couple of weeks. Over the last 24 hours, MATIC lost 4% of its value. The altcoin has also lost about 6% in the last week. Earlier in November, MATIC touched the $1.20 price mark and plunged significantly. Since the coin plummeted in November, the Polygon price has noted a freefall in its value. Going by the technical outlook on the daily chart, buyers are nowhere to be found. It will be difficult for MATIC to sustain itself…
Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone. DOGE gained pace and traded below the $0.072 support against the US dollar. The price is trading below the $0.0700 zone and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could dive further towards the $0.062 support in the near term. Dogecoin Price…
But the “Sam coin” is still down nearly 95% this year. Source
NEAR, the native crypto of Near Protocol, seems to continue mirroring the trajectory of Bitcoin, one of the main driving forces of the cryptocurrency industry. The largest crypto asset boasting a total market capitalization of $320.76 billion has so far failed to establish a strong upward momentum that will enable it to exit 2022 with a higher value. In fact, BTC, which is trading at $16,658, is in danger of ending the year with a meager gain of less than 2%. At the time of writing, the maiden crypto has…
Ethereum started a fresh decline from the $1,230 resistance against the US Dollar. ETH could accelerate lower if there is a clear move below the $1,180 support. Ethereum is showing bearish signs and trading well below the $1,230 resistance zone. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,205 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a clear move below…