Author: Donald Munn
More than a decade after the release of Bitcoin, Ripple’s report seeks to explore the relationship between crypto and traditional financial systems. Ripple’s report on the connection between cryptocurrencies and traditional finance The complex interconnections between cryptocurrencies and traditional finance, according to the Ripple report In the report, the company’s analysts sought to highlight what the relationship between the digital currency system and the traditional finance system has been so far. One of the conclusions highlighted by the report is the following: “Over a decade later, crypto asset adoption has soared but these non-traditional financial instruments have not replaced the…
Just yesterday, Brave announced that its wallet will also support the Solana blockchain. Thanks to this new implementation and several added features, it will be much easier for users to interact with numerous dApps on the market. Brave offers new cross-chain solutions: now also supporting Solana’s blockchain BAT and the Brave Wallet become integrated with Solana Brave is the leading browser for Web3 interfaces. It was born with the idea of changing the digital advertising industry, a world where users have no choice but to display content as they please. Today, thanks to Brave, it is possible to receive BAT…
Martin Shkreli, the former manager of three hedge funds who went to prison for fraud, spoke in enthusiastic terms about DeFi and Uniswap in particular. Martin Shkreli Martin Shkreli’s optimistic view on DeFi Martin Shkreli, the former founder and CEO of MSMB Management, Retropin and Turing Pharmaceuticals, who became famous for managing to raise the price of a life-saving drug by 5,000%, was released from prison and transferred to community confinement on Wednesday. The manager had been convicted of fraud and sentenced to seven years in prison in 2018. Upon his release from prison, Shkreli spoke about cryptocurrencies and DeFi,…
Coinbase recently officially announced the integration of the most popular dApps based on the Ethereum blockchain into its main app. Coinbase announces a new service that will allow easier access to the world of dApps These are in particular dApps related to NFTs, DeFi and DAO made available in-app thanks to an integrated browser, which will allow, among other things, buying NFTs on marketplaces such as Coinbase NFT and OpenSea, trading on DEX such as Uniswap and Sushiswap, and lending on DeFi platforms such as Compound and Curve. For now, only a small group of users in the US on…
During the Permissionless conference at Blockworks, Coinbase’s Chief Product Officer Surojit Chatterjee said that the app and wallet will now adopt a new DeFi approach, integrating new features with the goal of mainstream Web3. Coinbase and the new DeFi approach of its App and Wallet Surojit Chatterjee, Chief Product Officer of Coinbase, was featured at Blockworks’ Permissionless conference, where he described the new features that will be integrated into Coinbase Pay and Coinbase Wallet, with a DeFi-first approach. According to reports, the plan is to expand Coinbase Wallet to more cryptocurrencies, and to integrate new features focused primarily on API,…
Bitcoin Analysis Bitcoin’s price rallied nearly 5% during Monday’s daily session and BTC’s price concluded Monday’s frame +$1,441.6. The first chart we’re looking at today is the BTC/USD 1D chart from micah_trader. BTC’s price is trading between the 1 fibonacci level [$19,918.98] and 1.618 [$30,274.84], at the time of writing. The chartist posits that maybe BTC’s just finished an ABC correction within the Wave 4 corrective wave. The overhead targets for bullish BTC market participants are 1.618, 2.618 [$47,033.51], 3.618 [$63,792.19], and 4.236 [$74,149.05]. Bearish traders that are short the BTC market are looking to do the opposite and send…
Bitcoin Analysis Bitcoin’s price traded sideways on Sunday and finished marginally in green figures for a second consecutive day. BTC’s price finished Sunday’s daily session +$46.4. Bullish BTC market participants also finally stopped the streak of red weekly candles at nine consecutive by finishing last week’s candle in green figures. The BTC/USD 1W chart below from lorinstocksinvesting shows BTC’s price trading in between the 61.80% fibonacci level [$28,754.94] and 50.00% fib level [$36,480.55], at the time of writing. Despite wicking down below the 61.80% fib level in the last few weeks, BTC’s price has rallied back above the $29k level.…
Bitcoin Analysis Bitcoin’s price topped out at local overhead resistance on Wednesday and sellers reversed course back to the downside quite violently. When Tuesday concluded BTC’s price was -$1,960. The first chart we’re looking at today is the BTC/USD 1W chart from TradingShot. Traders can see that BTC’s price is still testing a long term trend line on the weekly timescale dating back to 2019. The chartist notes that historically BTC’s price has come back to touch the 1W MA200 before signaling a bottom price for a bear market. The aggregate crypto market cap also couldn’t break the $1.29t level…
Bitcoin Analysis Bitcoin’s price continued its recent ascent on Tuesday and bullish market participants sent BTC’s price higher for a fourth consecutive day. BTC’s price closed Tuesday’s daily session +$65.7. The first chart we’re looking at today is the BTC/USD 1W chart below from perrynoid. BTC’s price is trading between the 1.618 fibonacci level [$28,666.36] and 0.786 [$36,891.54]. The chartist posits that BTC’s price is forming a broadening wedge that dates back to January 2021. BTC/USD 1W chart: the price is trading between the 1.618 fibonacci level [$28,666.36] and 0.786 [$36,891.54]The Fear and Greed Index is 17 Extreme Fear…
Bitcoin Analysis Bitcoin’s price rallied by more than 7% on Monday to start the new week after incessant selling pressure for the last nine weeks. BTC’s price closed Monday’s daily session +$2,253.3. The first chart we’re looking at for Tuesday is the BTC/USD 8HR chart below from nihilist78. BTC’s price is trading between 0.382 [$30,479.54] and 0.236 [$33,272.61], at the time of writing. Bulls are hoping Monday’s daily session was a precursor to a larger macro move forthcoming. The first obstacle for bullish traders is overhead resistance at the 0.236 with a secondary target of 0 [$37,787.60]. Bearish traders are…