The West dominates the top 10 rankings of the most innovative economies as measured by the Global Innovation Index, including Switzerland, the United States, Sweden, the United Kingdom, the Netherlands, Germany, Finland, and Denmark. We would expect that innovative crypto projects would continue to originate from these locations. Author: James Rubin Source link
The largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday’s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding. Author:…
The big story in crypto markets last week was that ether (ETH), turned lower, erasing all price gains notched during the weeks-long mini-rally that followed the seamless implementation on April 12 of the Ethereum blockchain’s highly anticipated Shanghai upgrade. Bitcoin (BTC) reversed course as well, losing its foothold above $30,000 and changing hands around $27,800 around press time. Author: James Rubin Source link
Ether also rose then dipped on Monday but continued to trade comfortably over $1,600, about flat from Sunday, same time. Other major cryptos were mixed with AVAX, the token of base layer protocol Avalanche, and XRP, the native crypto of open source public blockchain XRP Ledger, up more than 4% and 5%, respectively, but AXS, the governance token of gaming platform Axie Infinity, dropping more than 12%. AXS had soared more than 40% on Sunday. The CoinDesk Market Index (CMI), a measure of leading cryptos’ market performance, was up slightly.…
In a CoinDesk TV First Mover interview, Martin Leinweber, digital asset product strategist at Market Vector Indexes, noted bitcoin’s strength relative to other cryptos. “If you look at the coins that demonstrate relative strength, which means coins that fell the least amount from the all-time high, you will notice names that nearly no one would have imagined, especially when you consider the ranking,” Leinweber said. “So bitcoin was not the most defensive coin, one might expect from a store of value.” Author: James Rubin Source link
Ether was recently changing hands at slightly over $1,200, mirroring bitcoin’s changelessness of the past three days. The second largest crypto by market cap was up 0.5% from Sunday, same time. Other major cryptocurrencies were recently flat, although tinted more green than red. XRP, the token of open-source, public blockchain Ledger XRP, was among the biggest gainers, rising 5.4% to over $.36 cents. ADA, the token of decentralized blockchain platform Cardano and MATIC, the token of layer 2 platform Polygon, were both recently up more than 2%. Author: James Rubin…
“Indecision and lack of buying above $20,000 are pushing Bitcoin to test its recent lows,” Joe DiPasquale, CEO of BitBull Capital, wrote in an email, adding optimistically: “If we do drop sharply, the price may bottom soon and put up a nice rally. However, most bulls may be scared out of their longs before that happens.” Author: James Rubin Source link
Christine Brown spent five years at the popular, no-commission trading platform. Author: James Rubin Source link
Ether and most other major cryptos were also blooming. The second largest crypto by market cap followed a similar pattern to bitcoin on Sunday and was changing hands at over $3,250, its highest level since early February. Solana, Cardano and Avalanche, among other altcoins were well into the green. Popular meme coins Dogecoin and Shiba Inu, were up about 6% and 3% respectively. Author: James Rubin Source link
Grayscale Investments, which manages the Grayscale DeFi Fund and Grayscale Digital Large Cap Fund, has added 25 digital assets, including tokens for a number of high-profile DeFi and metaverse protocols, to a list it keeps of potential investments, the company said in a Monday blog posting. Author: James Rubin Source link