crypto
Flare Network, a prominent Layer-1 blockchain known for its robust data management capabilities, has announced the deployment of SparkDEX’s V2/V3 decentralized exchange (DEX) and perpetuals platforms on its Ethereum Virtual Machine (EVM) compatible chain. This move marks a significant milestone in decentralized finance (DeFi), integrating sophisticated trading tools with advanced data aggregation on Flare’s platform. A new frontier for DeFi tradersThe SparkDEX DeFi Hub aims to revolutionize the trading landscape by offering a seamless, integrated platform for both novice and experienced trader...
Invezz
Bitcoin (BTC) miners have held onto their stash. The trend ensues as Bitcoin has managed to regain ground above $63,000. According to Salman Khan, Marathon Digital Holding’s CFO, the mining giant hasn’t sold any of its 18,536 Bitcoins, which are worth over $1 billion, as of this writing. Selling pressure from Miners dropKhan highlighted that Bitcoin has been “outperforming other asset classes” with a return rate of over 150%. He noted that Marathon expects the price of the flagship cryptocurrency to go up from its current level. He added that several “market dynamics” need to be considered whe...
Invezz
Bitcoin and Notcoin have demonstrated significant price surges amid a broader market recovery, revealing a strong correlation between the two. Bitcoin has reclaimed ground above $63,000, while Notcoin has broken past the $0.016 mark, showcasing robust performance amid market fluctuations. Bitcoin hits $63K as market sentiment turns positiveBitcoin has once again surpassed the $63,000 mark after surging by more than 5% in 24 hours, marking a significant recovery from its two-month low of $53,500 on July 4. Earlier today, BTC hit a high of $63,218.89, signaling a potential end to the recent sell...
Invezz
PancakeSwap, a leading decentralized finance (DeFi) network, made a bullish move to boost the project’s growth. The platform has confirmed a massive token burn, destroying 8,820,499 CAKE coins (worth about $17 million) to reduce the asset’s supply. PancakeSwap’s recent developmentsToken burns reduce the asset’s overall supply, triggering scarcity and bolstering the price amid stable demand. PancakeSwap has removed over 8.8 million tokens from circulation. Moreover, the project revealed various significant developments. Meanwhile, revenue metrics from several activities highlight varying perfor...
Invezz
Indian homegrown cryptocurrency exchanges are recovering from the shock that the imposition of a controversial tax on crypto earnings dealt them with but sentiment is looking up now due to Bitcoin halving and US presidential elections around the corner. As we enter the second half of 2024 — a crucial year for Crypto — Invezz spoke to Rajagopal Menon, vice-president at WazirX, a major Indian crypto exchange and trading platform, and discussed the company’s prospects going forward, re-entry of Binance, budget expectations and more. Edited excerpts: Invezz: 2024 was a year of landmark events in t...
Invezz
Bitcoin rose to above $63k on Monday to reach a two-week high as cryptocurrencies mirrored gains amid condemnation of the attempted assassination of former US Donald Trump. Top altcoins Ethereum, Solana and BNB also gained as the broader crypto market cap rose 4% to $2.4 trillion. Amid these movements, traders are eyeing a potential bull run ahead of the upcoming US election. Memeinator, a low cap meme coin that could explode amid a Trump win, is getting a lot of attention. Bitcoin rises amid Trump assassination attemptThe price of Bitcoin has risen for the past three days, breaking higher sin...
Invezz
Ethereum price has staged a strong comeback in the past few days, helped by the strong Bitcoin rebound. The ETH token has risen for four straight days and has moved to its highest point since July 3rd. It has jumped by 20% from its lowest point last week, meaning it has moved into a technical bull market. Spot Ethereum ETF approvalEthereum price has rallied because of the rising hopes that the Securities and Exchange Commission (SEC) will approve a spot Ether ETF soon. Analysts believe that the approval will happen as soon as this week. Several companies have applied for these ETFs. Some of th...
Invezz
Cryptocurrency prices have started the week well, with Bitcoin soaring above $62,000 for the first time since July 2nd. It has soared for four straight days and jumped by almost 20% from its lowest point this month. This rally is because Germany’s Saxony state has concluded dumping its Bitcoin holdings in exchanges and is now selling them. Bitcoin’s rally has triggered a rebound of most altcoins, with BILLY, Michi, Mother Iggy, and JasmyCoin (JASMY) rising by double digits. Our crypto chart of the week is Jasmy, which is nearing a crucial technical level. JasmyCoin formed a hammer chart patter...
Invezz
Cryptocurrency prices held quite well during the weekend as a sense of optimism spread in the industry. Bitcoin hovered slightly below $60,000 as the crypto fear and greed index rose to the neutral point of 45. Solciety, on the other hand, has raised over $954k in less than two weeks as the token sale continues. Top crypto performersCryptocurrencies rebounded as the German government concluded moving its coins to exchanges. It is estimated that the government has now sold bitcoins worth over $5 billion. Bitcoin’s performance in this period has been relatively steady even as these coins moved i...
Invezz
Donald Trump-themed tokens like MAGA and Super Trump (STRUMP) are rising following an attempted assassination incident at a rally in Pennsylvania. Prior to today’s surge, these tokens have experienced massive gains since their inception, attracting significant attention from investors. However, if you missed out on these opportunities, the Solciety (SLCTY) meme coin presale offers an intriguing alternative. With its recent price surge, Solciety presents a promising option for those looking to capitalize on the growing trend of political-themed cryptocurrencies. MAGA token price has risen by 48...
Invezz
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