XRP explodes toward $0.6, leading crypto market recovery
Ripple and THETA are the best performing cryptocurrencies in the top ten list. As discussed, THETA has rallied more than 32% in the last 24 hours but seems to have hit a wall at $14. On the other hand, XRP is
up nearly 12% to exchange hands at $0.53.
Ethereum Futures Are Now Trading on CME
The Chicago exchange has now traded 77 ETH contracts after going live on Sunday. The Chicago Mercantile Exchange (CME) has launched its much-anticipated futures contracts for ether (ETH), the native cryptocurrency of the Ethereum blockchain network. Announced in mid-December, trading in ether futures went live late Sunday, with the February contract registering an opening price of $1,669.75. At the time, the spot price stood at around $1,600.
Crypto.com launches CRO token mainnet
The crypto exchange said the new open-source public blockchain was aimed at “payments, Defi and NFTs.” Cryptocurrency exchange Crypto.com has launched a fully decentralized open-source public blockchain, the Crypto.org Chain. Last month, Crypto.org burned more than 70 billion CRO — roughly $10 billion at the time — in advance of the mainnet launch. The new chain has already processed more than 7,000 transactions at the time of publication.
Cardano (ADA) Could Soon Support NFT Marketplaces, Charles Hoskinson Suggests
Cardano founder Charles Hoskinson has suggested that non-fungible token (NFT) marketplaces may soon be support on the Cardano blockchain and the project has approached several leading marketplaces about moving onto its network. Hoskinson’s words came through social media as he works on Cardano’s upcoming Alonzo hard fork.
Bitcoin Steadies Above $50K
Bitcoin price extended its decline and traded close to $50,000 against the US Dollar. BTC is now consolidating losses and it is likely to start a recovery towards $55,000. After a break below $53,000, bitcoin extended its decline. BTC broke the $52,500 and $51,200 support levels to move further into a bearish zone.
Dai vs. Traditional Fiat: Examining the Advantages and DisadvantagesIn the world of finance, the emergence of cryptocurrencies has brought about significant changes to the traditional financial landscape. One such cryptocurrency that has gained considerable attention is Dai. In this article, we will delve into the advantages and disadvantages of Dai compared to traditional fiat currencies. By understanding the key differences and benefits of…
Finding the Best Crypto News Sources in 2023The cryptocurrency market is fast-paced and ever-changing. With new projects launching, regulations shifting, and prices fluctuating daily, it’s essential for crypto investors to stay up-to-date on the latest developments. However, the sheer amount of crypto news sites and platforms makes it difficult to identify trustworthy sources. How can you discern quality crypto journalism from hype,…
Top 5 Best Memecoins in 2023It’s the year 2023, and the meme culture got more popular than anytime. Every industry started to use memes for marketing or purely for fun. The crypto space is not an exception of the rule. Internet memes turning into crypto tokens is something normal in 2023, but it wasn’t always like this. Let’s see how…
Momentum Trading in Cryptocurrencies: Riding the Price Trends to Profit in 2023In the ever-evolving world of cryptocurrencies, momentum trading has emerged as a prominent strategy for savvy investors seeking to capitalize on price trends. With the volatile nature of digital assets, momentum trading entails identifying and riding the wave of price movements, aiming to secure profits in both bullish and bearish markets. This article delves into…
Australian crypto exchange launches learning schemeThere has barely been a day over the past year or so when crypto has been out of the news in Australia. It all began with the sudden collapse of FTX, which led to widespread concern among Australia’s banks and governing bodies, with crypto transactions facing extra controls and restrictions. More recently, we’ve seen a…