Coins

Ethereum takes off for 12 percent upswing eyeing $2,000

March 18th, 2021

Ethereum held firmly to the support at $1,700, halting the correction from last week’s high of around $1,940. The buyer congestion at this zone called off the bearish leg, eyeing lower levels toward $1,400. A rebound occurred with Ether bulls focusing on gains above $2,000. The formation of a descending triangle has accentuated the bullish…

Grayscale Adds 10K Ethereum As Price Flirts Around $1800, Whale Addresses Holding Strong

March 17th, 2021

After moving past $1900 levels last Saturday, Ethereum (ETH) failed to break past its all-time high above $2000 and has retraced back. At press time, ETH is trading at a price of $1781 with a market cap of $204 billion. As the ETH price continues to flirt around $1800 levels, Grayscale has again started accumulating…

Elon Musk Drops The Idea of Selling The NFT Song, Turns Down $1 Million Offer

March 17th, 2021

One day after testing the waters of selling an NFT song as an NFT, Elon Musk is having a change of heart. The Tesla and SpaceX CEO has decided to drop off the idea of selling the NFT song. Actually, doesn’t feel quite right selling this. Will pass. — Elon Musk (@elonmusk) March 16, 2021…

DC Comics Warns Freelancers Not to Participate in NFT Auctions Featuring the Company’s IP

March 16th, 2021

DC Comics, the American comic book publisher may be getting into the non-fungible token (NFT) ecosystem in the future. The company is the oldest comic book publisher in the U.S. owning characters such as Superman, Batman, and Wonder Woman. In a letter dated March 11, 2021, DC Comics’ senior VP of legal affairs wrote a…

Nearly 19,000 Bitcoins Deposited on Gemini Exchange, Coinbase Premium Negative

March 15th, 2021

After hitting its all-time high above $61,500 levels on late Saturday, Bitcoin (BTC) seems under pressure at this stage. At press time, BTC has slipped below $60K levels and is trading 2.5% down at $59,666 with a market cap of $1.114 trillion. However, there’s a big red-flag at this stage and new buyers would maintain…

Polkadot is drawing closer to a 31 percent upswing, eying $50

March 15th, 2021

Polkadot is among the few crypto assets set to begin the week in the green. Bitcoin surprised many by making a real break above $60,000 over the weekend. DOT is most likely following in its footsteps to achieve another record high. Meanwhile, DOT is trading at the apex of a symmetrical triangle. This pattern highlights…

Elon Musk Wants Coinbase to List Dogecoin as the Cryptocurrency’s Adoption Grows

March 14th, 2021

Spacex and Tesla CEO Elon Musk have once again tweeted in support of dogecoin. He wants the crypto exchange Coinbase to list the cryptocurrency and says he will get a Shiba Inu, the dog breed featured as the face of dogecoin. Meanwhile, the coin’s adoption is growing, advocated by celebrities like Mark Cuban. Elon Musk…

Norway’s Fourth-Richest Man Invests in a Crypto Mining ASIC Manufacturer

March 13th, 2021

According to regional reports, the Norwegian billionaire and hedge fund manager, Ole Andreas Halvorsen, is investing funds into an energy-reducing cryptocurrency mining chip hardware company. The company Norway’s fourth richest man is investing in claims to build application-specific integrated circuit (ASIC) mining chips that are allegedly 300%-500% more energy efficient than existing hardware. Norwegian Hedge…

DC Comics Is the Latest to Join the NFT Mania With Digital Batman

March 13th, 2021

A day after Beeple’s digital artwork sold for a record $69 million, America’s popular comic book publisher is now joining the NFT craze with its iconic Batman character. DC Comics is the latest big-name after NBA Top Shots and Christie’s to join the non-fungible token (NFT) mania. NFTs are basically blockchain-based cryptographic tokens that are…

Ethereum’s Buterin Highlights Layer-Two Rollups as Potential Scaling Solution

March 12th, 2021

As questions circle about the network’s capacities following surging transaction costs and accelerating activity in the decentralized finance (defi) arena, Ethereum’s founder Vitalik Buterin opines that layer-2 solutions could help the network scale by a factor of 100x in mere months to meet growing demand. Sidechain Bundling Touted as Workaround to Current Network Congestion Ethereum…