Coins

Grayscale’s Filecoin Trust and Chainlink Trust Sees Massive Institutional Buying Amid Price Rally

April 1st, 2021

As Bitcoin (BTC) continues to consolidate around $59,000 levels, altcoins are leading the market. However, we shall be talking about two altcoins – Filecoin (FIL) and Chainlink (LINK) – who have registered strong rallies over the last week with growing institutional interest. Amid just two weeks of launching the Grayscale Filecoin Trust and the Grayscale…

Ethereum edges closer to $2,000 as crypto market uptrend renews

April 1st, 2021

Ethereum managed to close the day above $1,800, confirming to investors that market stability was intact. A rebound was staged from this short-term support, with Ether stepping above $1,900. At the time of writing, the pioneer flagship cryptocurrency is doddering at $1,920 amid a bullish building momentum. The four-hour chart shows that Ether is in…

Ripple ODL Partner Mercury Secures Entry to South Africa’s IFWG Regulatory Sandbox

March 31st, 2021

South Africa is set to get a major overhaul in its cross-border payments facility. Mercury, Ripple’s partner for on-demand liquidity has secured a place in the “first cohort of South Africa’s Intergovernmental Fintech Working Group (IFWG) Regulatory Sandbox”. This is a big step in bringing the FinTech revolution to the African continent. The IFWG platform…

Ethereum V-shaped recovery seems unsustainable amid looming correction

March 30th, 2021

Ethereum shot up on Monday, extending the recovery staged from the anchor at $1,550. The rally was supported by news that Visa has added support for cryptocurrency transactions due to increasing customer demand. Ethereum stood out because the USDC digital currency chosen executes on its blockchain. Several technical hurdles were pushed into the rearview mirror…

airBaltic Now Accepts Dogecoin As Payments Along with other Cryptocurrencies

March 29th, 2021

airBaltic, an airline operator majority-owned by the Latvian State has expanded its cryptocurrency payment options beyond Bitcoin (BTC). According to the company’s official release, customers can now pay for tickets using Elon Musk’s favorite coin, Dogecoin (DOGE), Bitcoin Cash (BCH), Ethereum (ETH), and four other stablecoins including Gemini Dollar (GUSD), USD Coin (USDC), Paxos Dollar…

Ethereum’s Hashrate Reaches New ATH Fueling ETH Price Recovery

March 28th, 2021

According to on-chain data analytics provider, Glassnode, Ethereum’s Hash Rate just reached an all-time high (ATH) of 532,411,759,741,113. As a Proof-of-Work (PoW) network, the hashrate is a measure of the processing power of the Ethereum blockchain. The hashrate specifically helps determines the number of times the network can attempt to complete a difficult mathematical puzzle…

XRP Price Prediction: Analyst Predicts $XRP to Rally 8X Post this Key Resistance Breach

March 27th, 2021

XRP price is currently trading at $0.55 with a 3% rise over the past 24 hours eyeing to breach the key resistance of $0.56. The seventh-largest cryptocurrency failed to hold its position above $0.56 yesterday after reaching $0.571. Prominent crypto analyst  Credible Crypto on Twitter suggested that if XRP manages to get past the key…

TIME Magazine Owner Among Lead Investors in Chainalysis $100M Funding Round

March 26th, 2021

Chainalysis, one of the leading crypto data analytic firms has raised $100 million in a new funding round taking its valuation to $2 billion doubling from its earlier valuation of $1 billion just four months ago. The funding round was lead by crypto-focused venture capital firm Paradigm and saw investment from billionaire Marc Benioff, the…

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

March 26th, 2021

Alipay and WeChat Pay the two dominant players in China’s online payments marketplace are all set to see tough competition from the country’s very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the…

After Bitcoin and Doge Elon Musk All Set to Pump “DeFi”

March 25th, 2021

Elon Musk is notorious for shilling Dogecoin quite often and Bitcoin a few of the times post-Tesla’s $1.5 billion Bitcoin purchase. However, now he has set his eyes on the defi market, the biggest success story from the crypto space in 2020. Musk tweeted Don’t  defy Defi Don’t defy DeFi — Elon Musk (@elonmusk) March…