Ethereum News by Thebittimes.Com

The Aave price prediction shows that AAVE is likely to break above the channel as the coin is ready for a spike above $70. Aave Prediction Statistics Data: Aave price now – $63.5 Aave market cap – $905 million Aave circulating supply – 14.4 million Aave total supply – 16 million Aave Coinmarketcap ranking – #43 AAVE/USD Market Key Levels: Resistance levels: $78, $80, $82 Support levels: $50, $48, $46 AAVEUSD – Daily Chart AAVE/USD is refreshing to a new high after touching the daily high at $67.1. The coin is currently trading at $63.5 with a bullish crossover and trend the intraday. Today, the Aave price is crossing above the 9-day and 21-day moving averages as the higher resistance is expected at the $70.0 resistance level. Aave Price Prediction: Aave Price Ready to Spike At the time of writing, the Aave price is likely to increase the bullish movement if the price crosses above the upper boundary of the channel. Currently, the techn...

Also Read: Ethereum Founder Feels Sorry For Solana; Here’s Why advertisement Bitcoin Whales Upto Something Big? Ali Charts, a crypto analyst mentioned that around 1.84 million wallet addresses scooped 910,000 Bitcoin s. This accumulation came in between the price range of $29,930 and $30,800. However, the whale buying eventually resulted in Bitcoin breaching the vital $31k price level. He suggested that it is important for Bitcoin to hold this demand ahead. As per the data, this is a good chance for BTC to run up towards $35,000 due to a lack of resistance in the way. Bitcoin price is up by more than 14% in the last 30 days. BTC is trading at an average price of $30,918, at the press time. Its 24 hour trading volume is up by 24% to stand at $17 billion. Read More Bitcoin News Here… Recommended Articles Crypto Presale Projects For 2023 To Invest...

Following earlier reports of the application process, $4.2 trillion asset manager Fidelity has officially filed for a spot Bitcoin ETF. The firm was expected to file with the US Securities and Exchange Commission (SEC) this week, with the filing officially being made today.  The move follows similar action taken by fellow asset management giant BlackRock. The development showcases two traditional finance entities delving into the digital asset sector. How the SEC reacts to the filing will be vital to observe in the coming weeks. JUST IN: $4.2 trillion asset manager Fidelity officially files for spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) June 29, 2023 Also Read: Fidelity to File for Spot Bitcoin ETF Fidelity Spot Bitcoin ETF Filing Becomes Official Over the last two weeks, a host of traditional finance entities have sought entry into the digital asset sector. Initially, BlackRock shocked the industry when it announced its intention to file for a Bitcoin ETF. Subsequently, another ...

Join Our Telegram channel to stay up to date on breaking news coverage The COVID-19 infection has grown from having affected a few countries to a full-blown global pandemic. With all continents except Antarctica having confirmed the presence of the virus as at last week, the world continues to wait and watch in anxiety over the outcome.  However, several firms have also taken precautions to help ensure that they keep their operations going, while also protecting their workers amid the spread of the virus – especially in prone areas.  Stay Home and Be Safe One of those firms is San Francisco-based cryptocurrency exchange Coinbase, which recently mandated that its employees work from home for their protection. According to a March 2 tweet  from exchange chief executive Brian Armstrong, several employees from the company will be permitted by their line managers to work from home. An update on COVID-19. We're asking some employees to start working from home this week.https:...

In the dynamic realm of cryptocurrency investment, the choices made by investor s can significantly impact the performance of their portfolios. Within this landscape, shiba inu (SHIB) and dogecoin (DOGE) have gained a devoted following due to their association with meme coins. Nonetheless, a newcomer named Alex The Doge is currently emerging as a prominent contender, attracting considerable attention. Below are three factors that investor s may contemplate when deliberating a potential transition of their investments from SHIB and DOGE to ALEX. >>>>Buy ALEX presale now<<<< 1 – Play-to-earn model of Alex The Doge  Shiba Inu and Dogecoin have established themselves as notable participants within the meme coin market. However, Alex The Doge introduces a unique aspect to this domain. You might also like: Decentraland vs. Alex The Doge: experts explain why investors are joining the ALEX presale By integrating the meme coin phenomen...

Also Read: Cardano Founder Worked As Ripple Intern? Hoskinson Reveals advertisement Cardano Growing Amid Increased Uncertainty Charles Hoskinson, Cardano founder shared statistics supporting the growth of ADA. He stated that there is a lot of noise in the crypto market but look out for the signals. Data depicts that Cardano is getting real adoption and growing as an ecosystem in the harshest of conditions the industry has ever known. Hoskinson compared ADA with Bitcoin and suggested that the growth is being done in a completely decentralized manner. However, major crypto exchanges including Huobi announced trading pairs of Cardano from the platform in the reaction to SEC’s categorization of Cardano and other crypto assets. ADA price has dropped by more than 26% in the last 30 days. It is trading at an average price of $0.277, at the press time. Read More Cardano News Here… Recommended Articles ...

A Bitfinex Alpha report reveals a steady accumulation of bitcoin by long-term investors, reflecting a strong demand while creating a complex market environment. Peter Schiff’s recent criticism and BTC price analysis adds to the ongoing speculation. Bitcoin hodlers hold strong  Bitfinex Alpha’s latest report sheds light on the ongoing accumulation of bitcoin by long-term investors, indicating strong demand. The report examines the state of bitcoin volatility , investor accumulation, and the potential implications for the market. The researchers have highlighted that long-term bitcoin investors (hodlers) are still accumulating the flagship cryptocurrency at a rate of approximately 42,200 BTC per month,  They also say the accumulation trend has been on for over two years, with data suggesting the possibility of another six to 12 months of accumulation in view. The report hints that a potential increase in volatility may be on the horizon due to next year’s bitco...

Join Our Telegram channel to stay up to date on breaking news coverage COTI, a leading fintech platform, has announced its collaboration with Ardana, a Cardano stablecoin platform. Through this partnership, COTI will integrate stablecoin crypto to fiat payments that can be accessed by the Cardano community and other global users. With this partnership, Ardana will bring stablecoins to AdaPay, an innovative payment solution created by the Cardano Foundation and Coti. Strategic Partnership The CEO of COTI, Shahaf Bar-Geffen, stated that “Today, COTI is doing its first steps in Defi over Cardano, which we believe will be huge. We are happy to collaborate with the remarkable ream of Ardana to bring new Cardano Native Assets to ADA Pay and scale up our operations.” Buy Cardano Now Users on AdaPay will not have a means of making purchases from merchants globally using stablecoins if the product is acceptable in that given platform. Hence, the new feature will allow me...

The first US-based ETF to offer leveraged long exposure to bitcoin futures contracts is set to launch this week.  Volatility Shares plans to debut its 2x Bitcoin Strategy ETF (BITX) on Tuesday, a spokesperson told Blockworks.  The fund seeks investment results that correspond to two times the excess return of the S&P CME Bitcoin Futures Daily Roll Index for a single day.  “Now, US-based crypto traders will have convenient and liquid access to leveraged bitcoin exposure through a traditional brokerage account, eliminating the need for a crypto exchange account during a time of legal uncertainty for such platforms,” a company spokesperson told Blockworks in an email. Journey to approval The SEC permitted bitcoin futures ETFs to come to market in October 2021. The first to launch — by issuer ProShares — quickly grew to $1 billion in assets. Its assets under management remain around that level.  But despite the SEC greenlighting such products that hold bitcoin futures contrac...

The loan will help Hut 8 maintain its dynamic Bitcoin treasury management strategy going into the halving, CEO Jaime Leverton said. The Canadian Bitcoin (BTC) mining company, Hut 8 Mining, has secured a credit facility from a subsidiary of the United States-based cryptocurrency exchange, Coinbase. Hut 8 officially announced on June 26 that it entered a $50 million credit agreement with Coinbase Credit. The credit facility involved Hut 8’s subsidiary, Hut 8 Holdings, as the borrower. According to the announcement, the loan proceeds will be used for general corporate purposes. The credit facility provides a $15 million term loan that is expected to be funded at or subsequently after closing. The loan provides an option of getting an additional $20 million delayed-draw term loan tranche in a second borrowing between one and two months following closing. The facility also offers a third option of drawing an additional $15 million delayed-draw term loan tranche. The last tranche would be t...

Binance faced more regulatory challenges worldwide, particularly in the UK and Belgium, which increased the scrutiny on the exchange. Despite the ongoing regulatory issues in the crypto industry, there was a significant increase in institutional adoption of cryptocurrencies during the week as Mastercard and J.P. Morgan expanded their involvement in the field. This wave of institutional adoption and renewed market confidence catalyzed the crypto market’s recovery. Bitcoin (BTC), the flagship cryptocurrency, was resilient as it surged above the $31,000 mark, rallying to the highest level this year. Binance’s regulatory issues in the UK, Belgium, and Brazil Being the world’s largest exchange does come with its troubles. Binance’s regulatory woes spilled into this week, with the company facing hurdles across several countries, including the U.K. and Belgium.  You might also like: Crypto hacker gets 5 years in prison after stealing $794,000 In res...

The battle for second place in the race for DEX trading volume is a close one, but the top-ranked Uniswap is far ahead of its competitors. The most successful decentralized trading platform serves approximately half the DEX market on any given day. So, any change to its service is bound to have a major impact on the DeFi community as a whole. Speaking to Blockworks on the Bell Curve podcast (Spotify / Apple), Myles O’Neil says the upcoming improvements in Uniswap’s V4 upgrade could widen the gap between itself and other DEXs.  Building in public The associate at Reverie, an advisory and investment firm, observes that the Uniswap team is shifting to a social consensus approach, improving the protocol by “building in public.” The team appears to be “aligning its brand with that of Ethereum,” according to him, “so when people think of Ethereum, they also think of Uniswap.” One key improvement included in V4 is the introduction of “hooks,” O’Neil says, which are smart contract mecha...

The Society for Worldwide Interbank Financial Telecommunication (Swift) on Tuesday announced a collaboration between major banks and Web3 infrastructure provider Chainlink to trial connecting private and public permissionless blockchains. Swift is a global financial messaging system that underpins most international money and securities transfers. In 2022, it initiated tests to explore the interoperability of private blockchains among financial institutions for tokenized assets. Building upon this initiative, Swift is now expanding the scope of its experiments to encompass public blockchains. To facilitate this expansion, Swift will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP). “More institutions are beginning to explore how to serve customers on both permissioned and public blockchain networks like Ethereum,” Jonathan Ehrenfeld, head of securities strategy at Swift, said in a statement. The collaboration includes major financial institutions across the globe, inclu...

Mitsubishi UFJ Financial Group Inc., a prominent Japanese banking corporation, is currently in negotiations with several businesses about issuing stablecoins, a form of digital asset, through its blockchain platform Progmat. Japan’s banking giant, Mitsubishi UFJ Financial Group Inc. (MUFG), is believed to be in discussions with several companies, including those linked to major international stablecoins, about the prospective deployment of these digital assets via its blockchain platform, Progmat. The new Japanese legislation on stablecoin s, one of the first among the world’s leading economies, mandates that only the country’s licensed banks, registered money transferring services, and trust companies can issue these tokens. Tatsuya Saito, MUFG’s VP of Product, has shared in an interview that the bank is pondering over the use of Progmat to generate stablecoin s tied to foreign currencies like the U.S. dollar for global usage. He states that the latest l...