Latest Market News
Bitcoin is down 6.5% this week as the cryptocurrency drops back beneath $20,000. The cryptocurrency has been in an extended downtrend as it continues to trade inside the confines of a 3-month-old falling price channel (see daily chart below). In fact, Bitcoin lost a total of almost 38% in June 2022, making it one of the worst-performing months in over eleven years.
The Coinbase cryptocurrency exchange is making a concentrated push to expand its business in Europe, despite recently laying off 18% of its workforce amidst bearish cryptocurrency market conditions.
Meta will be shutting off its Novi digital wallet starting with September 1. According to the Novi website, users should withdraw their balances before that date.
With the cryptocurrency bear market still in full effect, it’s easy to miss the exciting developments that are happening in the cryptocurrency and blockchain industry. Let’s take a look at three crypto assets that will be especially interesting to follow in the next few days.
With uncertainty mounting and speculative interest waning, NFT users and investors are looking for more than just a ‘quick flip’. Three use cases emerging from the music business are prioritizing utility over speculation.
Bitcoin is down by a total of almost 9% this week as the cryptocurrency loses ground above $20,000. The week has been a slow grind lower after BTC failed to overcome the resistance at $21,670 earlier in the week. It managed to find support at $18,590 yesterday and rallied toward the end of the day to allow the monthly candle to close above the previous 2017 all-time high price.
Crypto asset manager Grayscale Investments is suing the U.S. Securities and Exchange Commission (SEC) after the regulator rejected its application to convert the Grayscale Bitcoin Trust (GBTC) into an ETF.
Timing is a critical factor in trading crypto and identifying the best time to buy and sell is the magic behind making a profit in the crypto space. Therefore, Kucoin has introduced its trading bot, available to all its users. With the KuCoin Trading Bot, you do not lose sleep monitoring the market every time, all you need to do is set your trading strategies and the bot sells at your ideal selling price before the price dumps back to your entry price or even below.
The KuCoin cryptocurrency exchange has created an entire platform dedicated to providing passive income opportunities for crypto investors. In this article, we will cover all of the passive income options provided by KuCoin to give you a flavour of what can be earned by using the platform.
Holograph, a project working on interoperability solutions for NFTs, has announced a partnership with interoperability protocol LayerZero. Through the partnership, Holograph will look to deliver their NFT bridging solution, which addresses the pain points of “multichain” NFTs as we know them today.
