Forget the old meme coins: a new frog-themed token is turning heads. Pepe Unchained (PEPU) has burst onto the scene this week with its presale, raising 0k and promising to be more than just another speculative crypto asset. This layer-2 solution aims to solve some of the key issues plaguing the meme coin space – […]
Bitcoin News
Is this the Next Big P2E Meme Coin? PlayDoge ICO Starts With a Bang
The new PlayDoge ($PLAY) presale has kicked off with a bang, having raised 0K in its opening day. With the project introducing a new Play-to-Earn (P2E) game to the meme coin market, PlayDoge is well-positioned between two hot crypto narratives, hinting a successful run is on the horizon. Its native $PLAY token hosts numerous utilities, […]
Bitcoin News
Bitcoin SV (BSV) Ushers In 2024 With A 110% Bang – Details
The hard fork token from Bitcoin, known as Bitcoin SV, continues to rise and has crossed 0 for the first time since February 2022.
The price spike, which is noteworthy for having increased by almost 110% in just one week, is mostly attributable to increased trading activity and interest in the South Korean market.
Upbit Spurs Bitcoin SV Surge: Insights
Upbit, the biggest cryptocurrency exchange in South Korea, has been the center of this increased interest in BSV. On New Year’s Day, Upbit registered a significant 5 million in BSV trading activity.
With a total trading volume of 3.5 million, this trading frenzy has driven Bitcoin SV’s market cap to .7 billion.
The trend is not exclusive to Upbit, as the trading volume of the token on OKX has also significantly increased, surpassing .5 million. In the past 24 hours, BSV’s trading activity has surged by more than 300%.
By trading volume, Bithumb, a significant regional exchange, ranks among the top three as well. Notably, throughout the past 24 hours, Upbit and Bithumb have accounted for around 70% of BSV’s total trading volume.
As of this writing, Coingecko statistics indicates that BSV was trading at 2.87, up 7.3% and 109.1% over the previous day and week, respectively.
Positive indicators including a bullish Relative Strength Index and a Moving Average Convergence Divergence, together with a trading volume rise of more than 40%, back the surge.
The RSI is moving north while in the overbought area, suggesting a bullish future trajectory for the price of BSV. While the price of Bitcoin SV appears to be accelerating, the MACD is likewise in the green zone, indicating purchasing pressure on the cryptocurrency.
The Bitcoin fork stands out as one of the top cryptocurrency gainers, and although encountering resistance around the 5 level, BSV’s performance follows a wider pattern of erratic moves in the crypto market.
Bitcoin SV’s Rise Amid Regulatory Moves
In an effort to transform Bitcoin SV into an enterprise-level blockchain and peer-to-peer payment system, proponents highlight the platform’s scalability, reliability, and security. The recent surge in Bitcoin and the likelihood of the SEC approving a spot ETF are driving interest in BSV.
Meanwhile, to counteract illicit behavior, South Korea recently established a regulatory framework for cryptocurrencies. In a significant move toward regulation, the nation mandated on December 28 that public servants register their cryptocurrency holdings. Controlled domains offer security, which may have drawn investors to these developments.
Although there remains resistance in the vicinity of 5, BSV has outperformed the overall market and is now a top gainer. Depending on how investors respond to its distinct value proposition and how the larger crypto scene develops, the market’s trend may continue or slow down. Watch BSV closely as it forges ahead in the dynamic digital asset market.
Featured image from Shutterstock
Bitcoin Price Starts 2024 With A Bang, Is ETF Approval Imminent?
Bitcoin price is up over 5% and it cleared the ,000 resistance. BTC is showing positive signs on rumors of spot ETF approval by the EOD.
- Bitcoin is gaining pace above the ,000 and ,400 resistance levels.
- The price is trading above ,000 and the 100 hourly Simple moving average.
- There was a break above a key ascending channel with resistance near ,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair is up over 5% after several rumors of BTC spot ETF approval by EOD.
Bitcoin Price Rallies Above K
Bitcoin price formed a base above the ,200 level and started a fresh increase. BTC cleared a few major barriers near ,200 to enter a bullish zone.
Several rumors circulating that spot ETF approval is possible by the end of today. The price is gaining pace on this rumor and broke the ,000 level. There was also a break above a key ascending channel with resistance near ,500 on the hourly chart of the BTC/USD pair.
Bitcoin even cleared the ,000 resistance. A new multi-week high is formed near ,499 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the ,300 swing low to the ,499 high.
Bitcoin is also trading above ,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the ,500 level.
Source: BTCUSD on TradingView.com
The first major resistance is ,000. A close above the ,000 level could send the price further higher. The next major hurdle sits at ,800. Any more gains above the ,800 level could open the doors for a move toward the ,000 level.
Are Dips Attracted In BTC?
If Bitcoin fails to rise above the ,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the ,000 level.
The next major support is near ,500. If there is a move below ,500, there is a risk of more losses. In the stated case, the price could drop toward the ,500 support in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – ,500, followed by ,800.
Major Resistance Levels – ,000, ,500, and ,500.
Binance To Enter Japan With A Bang, Will List More Tokens Than Any Local Exchange
According to Japanese-based crypto media outlet Coinpost, Binance will launch in Japan fully this month and intends to list 34 tokens on its exchange. This means the platform will offer more tokens than its local competitors in Japan, with major domestic exchanges Bitbank, GMO Coin, and Coincheck listing 30, 36, and 22 tokens, respectively.
The largest crypto exchange by trading volume intends to list its native BNB token, making this the first time it will be available in the country. Some of the other tokens expected to be listed include Axie Infinity (AXS), Solana (SOL), and Avalanche (AVAX).
A Remarkable Re-entry
News of the re-entry into Japan was announced by the CEO of Binance via a Twitter video. According to him, the platform has been making efforts to re-enter the Japanese market for a while now. He was effusive with his praises and noted that since 2017, Japan had established crypto exchange regulations, including the recent stablecoin regulations enacted in June. He also stated it was “fantastic to see Japan being a leader in the Web3 regulatory environment.”
He further added that Binance was glad to once again partake in the Japanese market after its purchase of the Sakura Exchange BitCoin (SEBC) platform in November last year. Following the acquisition, SEBC changed its name to Binance Japan Inc.
The purchase of the exchange was instrumental in paving the way for the re-entrance of Binance in Japan. Binance will initially offer sport trading services. However, the exchange will not render leveraged trading services since this will require a Type 1 Financial Instruments Business license, with more restrictive standards.
Additionally, cryptocurrency users in Japan will also be offered access to Binance Earn, a specially designed program that enables participants to earn interest on their cryptocurrency deposits. The exchange will also render Japanese crypto traders an opportunity to trade on its NFT marketplace.
Major Regulatory Win for Binance
This recent announcement marks a major regulatory win for Binance. In the recent past, the platform has faced various regulatory challenges and was recently made to drop its license application in Germany.
In France, the exchange also faces regulatory investigations, with French authorities accusing Binance of being involved in offering illegal digital assets services and failing to curtail money laundering.
Therefore, this latest announcement of a re-entry into the Japanese market heralds a major regulatory win for the embattled exchange.
Cardano Enters 2023 With A Bang, But ADA Still Bearish In The Short Term
Cardano (ADA) started 2023 with an upward trend that retested the .2522 resistance level but has since failed to gather any meaningful momentum to sustain the run.
As of writing, Coingecko notes an increase of a measly 0.2%. This might be small gains, but is a great indicator that investor sentiment has reversed by the start of this fiscal year.
Can ADA Bounce Back?
Cardano in 2022 has been very bearish in terms of its native token ADA. Even after its Vasil hard fork, an event likened to the Ethereum Merge, the token still continued its downward spiral to its current price of .2491.
One reason that pushed ADA’s price down is the current macroeconomic situation. During the first quarter of 2022, the U.S. Federal Reserve raised rates until last month which is the seventh rate increase in 2022.
This in turn had adverse effects on the market, pushing the price of both traditional finance instruments and digital assets down. But 2023 seems to have a new effect on the struggling ecosystem.
Cardano Fared Better Vs. Competitors
The recent FTX debacle dealt a blow to any protocol or ecosystem affiliated with the failed exchange. Solana, a touted “Sam coin”, fell in value tremendously. According to recent news, Solana’s native token SOL has fallen so much that some are saying they are nearing collapse.
According to Santiment, ADA is undervalued at the moment, showing extreme exhaustion of the bears. Twitter users who are very bullish on Cardano share metrics that are increasing. With the upcoming on-chain upgrade bringing more features on the platform, investors on ADA might see more bullish action in the coming weeks.
Check the #Cardano on-chain stats. Everything goes up. pic.twitter.com/Q7pw44WTkA
— Cardano YODA (@JaromirTesar) January 1, 2023
With Solana down, the NFT market is shifting from Solana to Cardano. However, Cardano still has a long way to go to be even on par with Solana’s trade volume and value. ADA investors and traders could see the token break through the .2522 price resistance.
A break on this price resistance level could be a new sign of life to the struggling ecosystem. In the long term, investors and traders should watch for macroeconomic developments as this has a strong effect on the crypto markets.
As markets recover, ADA’s current price movement could be a catalyst to a stronger bullish movement. However, ADA’s volatility is increasing which, if the .2522 resistance holds, can lead to drops as low as .2397.
-Featured image: The Independent
After an Impressive Performance in 2020, the New Year Starts with a Huge Bang for CoinMetro
CoinMetro, a popular Estonia-based cryptocurrency exchange platform has gained a lot of ground in the past one year, despite the ongoing pandemic causing a widespread disruption. One of the significant developments during the year is the launch of a digital securities marketplace in association with Ignium.
The digital securities marketplace launch was soon followed by the CoinMetro Bond sale that went live in November 2020, with a target to raise EUR 2,500,000. Set to end on January 30, 2021, the tokenized bond offering allows users to purchase CoinMetro bond for as less as EUR 10 and earn an annual interest of 8-12% over a fixed 2-year term. The platform has now sold out, raising 2,500,000, of which over EUR 2,000,000 worth of investment was received in under 24 hours.
Meanwhile, Bitcoin’s bullish trend and a highly positive outlook towards the cryptocurrency market has turned 2021 into a great year so far for CoinMetro. Within the first two weeks, the platform has witnessed its monthly revenue surpass that of any other month, which has forced the company to rework its estimates for the remaining days of January 2021. According to official projections, January 2021 will see CoinMetro’s signups increased by 25 times, combined with a 63x jump in revenues and a whopping 380 times rise in trading volume. The growth of CoinMetro is also reflected in XCM’s value – the platform’s native token which has registered a 300% increase in this month.
In the last year, CoinMetro’s total annual volumes rose by 30 times, combined with a 20-fold increase in revenues and a 12-fold rise in the number of new registrations. If the recent performance is any indication, then the platform might end up outperforming itself by a huge margin in 2021. Apart from CoinMetro, other exchange platforms are also expecting the new year to turn out positive for them as the rising cryptocurrency prices have renewed investor interest in the digital asset. A large number of new users on these platforms are expected to be first-time crypto investors and traders, of which a significant portion will be active traders. They will create a sustainable demand for crypto assets, further strengthening crypto prices as well as platform revenues in the form of trading and exchange fees.
Founded by Kevin Murcko, CoinMetro is designed to offer people access to products and services that solve problems associated with traditional finance, while helping them create wealth. Apart from the cryptocurrency exchange and Europe’s first end-to-end security token platform, CoinMetro also offers margin and copy trading features supporting both fiat and crypto collaterals. Unlike some of its counterparts, most of the products on CoinMetro are built in-house, capable of providing an enhanced user experience at low costs. Last year, CoinMetro launched its own fiat on-ramp solution supporting USD, EUR, GBP and AUD deposits and withdrawals using multiple payment options. The platform holds necessary licenses from the government of Estonia and is registered with regulators in Australia and the United States.
The platform’s growth will be amplified further by some of the much-awaited developments including the launch of a secondary security token marketplace, XCM staking platform, additional licensing and significant improvements to the platform’s UI and UX. CoinMetro looks forward to supporting multiple new companies with fundraising on its platform while exploring partnerships with trading software providers and other big players in the crypto space. Overall, CoinMetro intends to make 2021 a year full of surprises for its community.
‘More Bang for Less Byte’: ICOs Confront Growing Pains
If the opening reception at Token Summit II was any indication, the ICO market is still brimming with enthusiasm, but struggling to figure itself out.
CoinDesk
‘More Bang for Less Byte’: ICOs Confront Growing Pains
If the opening reception at Token Summit II was any indication, the ICO market is still brimming with enthusiasm, but struggling to figure itself out.
CoinDesk
The Big Bang Theory and Bitcoins Mainstream Media Perception
Hit CBS show The Big Bang Theory featured a Bitcoin-focused storyline in an episode which aired last night. The most successful science nerd sitcom, The Big Bang Theory, aired it&8217s Bitcoin-focused episode last night going out to an estimated 12.6 million viewers. The episode, which went by the titleThe Bitcoin Entanglement, followed Sheldon and the gang as they embarked on a mission to track down the long lost, and forgotten Bitcoins that they had minednRead MorenThe post The Big Bang Th
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