Day: May 24, 2022

Coinbase Exchange Leaps as Fortune 500 Company

Godfrey Benjamin

Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc has been added to this year’s list of Fortune 500 companies, making it break the record as the first fully crypto native firm that made the list.  Fortune 500 companies are the most valuable firms in the United States as measured by their cumulative revenue for the 2021 fiscal year. The revenue threshold for this year was placed at $6.4 billion, up 19% from last year. Overall, Coinbase made it to the list as the 437th-ranked company with a cumulative revenue of $7.839 billion,…

Ethereum Forms Bullish Pattern But This Level Is Crucial

Aayush Jindal

Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone. Ethereum remained stable above the key $1,920 support zone. The price is now trading above $2,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further, but the $2,085 zone presents a major hurdle. Ethereum Price Recovers Above $2K Ethereum extended…

WeWork founder reinvents himself with $70M crypto carbon credit platform

Philip Wu

Three years after being ousted as CEO of WeWork, Adam Neumann has jumped on the crypto bandwagon, raising $70 million in the first major funding round for his climate tech venture Flowcarbon. The project aims to make carbon trading more accessible by putting carbon credits on the blockchain. Neumann is an Israeli-American businessman and investor famous for his role in founding coworking space provider WeWork in 2010, a company once heralded as the future of work spaces. However, it all came crashing down in 2019 when the company attempted to…

Bitcoin Price Moves Higher In Range, $30.6K Still Presents Resistance

Aayush Jindal

Bitcoin remained strong above the $28,500 support against the US Dollar. BTC is rising, but it must clear $28,500 to move into a positive zone. Bitcoin started a fresh increase after it tested the $28,500 support zone. The price is now trading above the $29,500 level and the 100 hourly simple moving average. There was break above a major bearish trend line with resistance near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher towards the key $30,600 resistance…

Could GameFi and carbon currencies reverse blockchain’s climate stigma?

Brian Newar

Nonfungible tokens (NFT) and blockchain technology have developed an unfortunate stigma in some sections of the community for being bad for the environment — but could that perception be changed by integrating carbon offsets into NFT gaming? GameFi, or gaming finance, marry NFTs and gaming. Blockchain games account for nearly $12 million in daily volume from over a million gamers according to app tracker DappRadar. Toucan Protocol COO Rob Schmitt thinks that volume and those users could be harnessed to benefit the environment. Schmitt told Cointelegraph that using carbon offsets…

Bitcoin Dominates but Altcoins Lurk

Anthony B

But Oanda’s Moya noted that even falling Treasury yields, “which makes crypto attractive,” have failed to move investors. “Right now, no one wants to buy this dip,” he wrote, adding that bitcoin could test support just above $25,000 and that $20,000 remains a possibility. “Bitcoin can’t stabilize until Wall Street sees calm and that might not happen for a little while longer.” Author: Sam Reynolds, Damanick Dantes, James Rubin Source link

Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC

Cassio Gusson

Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the LIFT Challenge Real Digital, promoted by the Central Bank of Brazil. The LIFT Challenge Real Digital are a collaborative environment carried out by the Central Bank of Brazil (Bacen), in partnership with National Federation of Associations of Central Bank Servers (Fenasbac). With the announcement of Stellar’s integration, SDF will join the consortium created by Mercado Bitcoin to develop solutions for Real…

Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level

William Suberg

Bitcoin (BTC) could be in for a return to levels not seen since before its 2020 bull market if history repeats itself. That was according to new analysis released on May 24, which studied Bitcoin’s interaction with its 200-week moving average (WMA). Bitcoin floor target could be between $15,500 and $19,000 In a Twitter thread, popular trader and analyst Rekt Capital explained how BTC/USD could behave should it fall to retest the 200WMA. A lifeline throughout Bitcoin’s history, the 200WMA is a constantly rising line of last support which has…