[ad_1] Ethereum price started a steady increase above the $2,650 resistance. ETH is beating Bitcoin and might even rally toward the $3,000 resistance zone. Ethereum started a fresh increase above the $2,580 and $2,650 levels. The price is trading above $2,670 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support at $2,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,750 resistance zone. Ethereum Price Eyes More Upsides Ethereum price started a decent increase from the $2,520 support zone. ETH outperformed Bitcoin and…
Author: dfrancis36
[ad_1] Goldman Sachs has disclosed $418 million holdings in spot Bitcoin exchange-traded funds (ETFs), signalling a growing institutional appetite for Bitcoin exposure.BREAKING: 🇺🇸 Goldman Sachs reports holding over $400 million in spot #Bitcoin ETFs in new SEC filing 👀 pic.twitter.com/n4nWDfCm6w— Bitcoin Magazine (@BitcoinMagazine) August 14, 2024 In a quarterly filing, the Wall Street titan revealed investments in 7 different Bitcoin ETFs available in the U.S. market. Its largest position was in BlackRock’s iShares Bitcoin Trust (IBIT), worth nearly $240 million.Goldman also held shares of the $79.5 million Fidelity Bitcoin ETF, $35.1 million in Grayscale BTC, $56.1 million in Invesco Galaxy…
[ad_1] To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum-based MakerDAO ecosystem. Grayscale Expands Crypto Portfolio MakerDAO is an autonomous organization operating a decentralized finance (DeFi) protocol, providing users access to a permissionless, open stablecoin system and various other on-chain financial services. According to Tuesday’s announcement by the firm, through the Grayscale MakerDAO Trust, investors can now participate in the growth and development of the…
[ad_1] Coinbase Global Inc. has announced it will resume offering cryptocurrency services in Hawaii. This marks the first time in seven years that the digital asset exchange will operate in the state.Hawaii Eases Crypto RegulationsHawaii was the only state where Coinbase did not offer services. The company attributed its return to recent changes in local regulatory guidelines. The Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions has removed the requirement for a money-transmitter license, which was previously needed for digital asset businesses.“We know there’s a lot of interest among Hawaiians to finally avail themselves of our services,…
[ad_1] Since July, the crypto market has been turbulent. Many tokens have seen their values plummet. Three cryptocurrencies are holding firm though – Rollblock, XRP, and Binance Coin. XRP and Binance Coin have seen strong recoveries following a steep decline in early August. Meanwhile, Rollblock is a relative newcomer but is gaining widespread attention with over 7,500 investors buying into the presale event. XRP Reverses its Previous July Downfall with 24.18% Gain XRP investors were shaken after a huge drop in early August. However, following this decline the XRP price skyrocketed though with an overall gain of 24.18% in the…
[ad_1] Popular crypto analyst Benjamin Cowen thinks macroeconomic indicators suggest altcoins will chip away against Bitcoin’s (BTC) dominance in the coming months. In a new YouTube video, Cowen points his 807,000 subscribers to the Sahm Rule Recession Indicator, which tracks signals that could indicate the start of a recession. The indicator flashes when “the three-month moving average of the national unemployment rate (U3) rises by 0.50 percentage points or more relative to its low during the previous 12 months,” according to the Federal Reserve Bank of St. Louis. The indicator hit 0.53 percentage points in July. Explains Cowen, “The point…
[ad_1] A crypto analyst has shared an optimistic outlook for the XRP price, the native token of the XRP Ledger (XRPL), predicting a potential rally of up to 10,400% with a price target of $60. The analyst has also outlined when to expect this anticipated price increase. XRP Price Set To Hit $60 With Projected 10,400% Surge In an X (formerly Twitter) post on August 12, crypto analyst, Brett Hill expressed bullish optimism about XRP’s future price. The analyst suggests that XRP could be on the verge of a significant breakout, potentially propelling it to new all-time highs. Related Reading…
[ad_1] Riot Platforms Inc. (NASDAQ: RIOT), the third biggest Bitcoin (BTC) miner on Wall Street, has increased its ownership stake in rival Bitfarms Ltd. (NASDAQ: BITF) to 18.9%, further intensifying its efforts to reshape the Canadian miner’s board of directors.Riot Platforms Boosts Stake in Bitfarms, Continues Push for Board ChangesIn a regulatory filing on Tuesday, Riot disclosed the acquisition of an additional 1 million Bitfarms common shares through open market purchases. The transaction, valued at approximately $2.28 million, brings Riot’s total holdings to 85.3 million shares, up from 84.3 million previously.The move comes amid ongoing tensions between the two cryptocurrency…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] The Dogecoin price saw a notable plunge over the last day following the Bitcoin price decline. As a result of this, the profitability of Dogecoin holders has declined. However, the majority of DOGE holders continue to be in profit even through these turbulent times, which is a testament to the strength of the meme coin. Dogecoin Profitability Remains Above 70% With the Dogecoin price decline to $0.1, there has been a drop in profitability for DOGE holders. Nevertheless, the profitability remains high, especially compared to other large cap cryptocurrencies. According to data from IntoTheBlock, 73% of all Dogecoin holders…