Bitcoin faced selling pressure on Friday after Deribit, the world’s largest crypto options exchange by volume and open interest, settled monthly options contracts worth $1.6 billion. The cryptocurrency slipped from $39,800 to…
Month: July 2021
ETH/USD Scores Major July Gains: Sally Ho’s Technical Analysis 1 August 2021 ETH
Ethereum (ETH/USD) extended recent gains above the psychologically-important 2000 figure early in the Asian session as traders continued to benefit from improving technical sentiment that saw the pair trade just below the…
BTC/USD to Break Out in August? Sally Ho’s Technical Analysis 1 August 2021 BTC
Bitcoin (BTC/USD) continued to trade above the psychologically-important 40000 figure early in the Asian session following the pair’s test of the 42414.61 level late last month. Stops were elected above the 42311.77…
Bitcoin Mining Gets 6% More Difficult in First Positive Adjustment Since May
Bitcoin’s difficulty level, a measurement of how difficult it is to mine the cryptocurrency, increased by 6% today in its latest fortnightly change, according to data on BTC.com. It’s the first positive…
MicroStrategy Plans to Continue Amassing Bitcoin – CoinDesk
Business intelligence software developer MicroStrategy will continue to invest in its “digital asset strategy,” CEO Michael Saylor said in the company’s second-quarter earnings announcement Thursday. Saylor noted that the Tysons Corner, Va.-based…
China Vows To Continue Cracking Down On Crypto ‘Hype’
The People’s Bank of China said in a statement Saturday that the central bank will “maintain high pressure on virtual currency trading hype.” The statement comes a day after policymakers set the…
Robinhood Stock Closes Rocky First Week of Trading Down 7.5%
Robinhood might have driven sales of ‘meme stocks’ like Gamestop, AMC and meme-coin Dogecoin, but investors are less interested in shares in the popular stock and crypto trading app itself. Robinhood’s IPO…
Sun, Sand, and NFT Tickets: Here Come the DAO Music Festivals
Atop a sun-drenched platform, above sparkling water and under an open sky, 5,000 music lovers will soon come together for Croatia’s music festival. In the stunning surroundings of Zrce Beach, on the…
‘Not a Drill’: Infrastructure Bill Could Sink American Crypto Industry
Things just got ugly for crypto in Washington, D.C. For years, the threat of major regulation has been raised like a hammer, ready to smash the crypto industry. Now, the hammer is…
Ethereum Yield Farm Token Up 200% in Week After Coinbase Listing
Harvest season has arrived early for FARM holders. The price of FARM, the governance token of decentralized finance protocol Harvest Finance, has increased by 201% over the past week and 46% in…