Protocol integrations, gas fee reimbursements and a bump in DeFi activity back Balancer’s rally to a new all-time high. Decentralized finance (DeFi) was the driving force behind the growth in the cryptocurrency market in early 2021, but lately, the sector has taken a back seat to nonfungible tokens as famous artists and legacy auction houses…
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Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry. Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time…
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Bitcoin bulls attempt to chip away at the $60,000 resistance level as rising U.S. Treasury yields continue to cause havoc in global financial markets. Bitcoin (BTC) continued to face strong resistance at the $60,000 level on March 19 as bulls spent the day climbing back from an early morning drop which briefly pushed BTC into…
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German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market. Germany’s Federal Financial Supervisory Authority, or BaFin, has warned investors about the risks involved in cryptocurrency investments. In a consumer protection alert issued on its website on Friday, the regulator offered a…
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The integration with Simplex will provide DOT users another route from fiat into crypto. Fiat-to-crypto on-ramp provider Simplex will now support Polkadot in its network of crypto exchanges, wallets and brokers. In an announcement today, Simplex said its integration of Polkadot and its DOT token would allow crypto users to purchase the token with a…
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English Premier League soccer club Manchester City is debuting a blockchain-based fan token, promising free tokens for registered Cityzen fans. Major English football club Manchester City is the latest sports club to launch its own blockchain-based token to power new tools for digital fan engagement. According to an official announcement Friday, Manchester City has partnered…
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Kraken’s head of growth, Dan Held, thinks Bitcoin could reach $1 million within the current market cycle. According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million. In Held’s view, this market cycle is fundamentally different from previous ones. “This is…
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Global banking giant Deutsche Bank expects governments to start regulating Bitcoin by the end of 2021. Bitcoin’s (BTC) market capitalization of $1 trillion and potential for continued growth have made the cryptocurrency “too important to ignore,” according to Deutsche Bank analysts. Deutsche Bank Research, the financial research subsidiary of global banking giant Deutsche Bank, issued…
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After nearly a decade of progress since Bitcoin’s inception, regulators could be gearing up for further action, given the industry’s recent growth. Regulators may see crypto’s recent growth as a problem, according to Messari CEO and founder Ryan Selkis. “I’ve never been more bullish on crypto but I think everyone might be mispricing global regulatory…
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Bitcoin price briefly rallied above $60,000, but analysts say bulls are holding dry powder until after the March BTC futures expiry. Bitcoin (BTC) briefly reclaimed the $60,000 level on March 18 as concerns over the strength of the equities market mounte due to rising U.S. Treasury yields. Data from Cointelegraph Markets and TradingView shows that…
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