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NFT LA: Attract the mainstream, focus on Web3 and use cases

Nonfungible tokens (NFTs) have generated mainstream interest over the last year. A yearly market report from NonFungible found that the total value of all NFT transactions worldwide surpassed more than $17 billion in 2021, up from $82.5 million in 2020. The report also pointed out that “NFT” was selected as Collins Dictionary’s word of . . . → Read More: NFT LA: Attract the mainstream, focus on Web3 and use cases

Blockchain.com launches asset management for institutional investors

Blockchain.com, a cryptocurrency exchange and financial services firm, has unveiled an asset-management brand.

According to an announcement made by Altis Partners on Wednesday, the service known as BCAM will serve institutions, family offices, and high-net-worth individuals.BCAM was founded in collaboration with Altis Partners, a futures portfolio manager that also manages investment portfolios using . . . → Read More: Blockchain.com launches asset management for institutional investors

Female investors led crypto market growth in 2021, says new report

The crypto market is maturing and is no longer driven by speculation, according to a new report from BTC Markets (BTCM). According to the report by the Australian cryptocurrency exchange, the crypto market’s growth in 2021 was driven by utility.

The BTCM Investor Study Report 2021 is an in-depth analysis of data from the . . . → Read More: Female investors led crypto market growth in 2021, says new report

3 reasons why Ethereum price can hit $4K in April

Three market catalysts suggest that Ethereum’s native token Ether (ETH) is well-positioned to reach $4,000 this month.

Google searches for “Ethereum merge” spike 

Internet users’ interest in Ethereum’s upcoming network upgrade, dubbed “the Merge,” surged substantially in the week ending April 2, Google Trends’ data shows.

Searches for the keyword “Ethereum Merge” reached a . . . → Read More: 3 reasons why Ethereum price can hit $4K in April

Crude Oil Forecast: Brent Crude Breakout Awaits Fundamental Catalyst

BRENT CRUDE OIL (LCOc1) ANALYSIS Surging dollar adds to crude oil headwinds. API data surprise a precursor to EIA later today? Sanctions from U.S. and allies help prop up oil prices. Chinese PMI and lockdowns hurting demand-side forecasts. Triangle breakout imminent. CRUDE OIL FUNDAMENTAL BACKDROP

Brent crude slipped yesterday on the back of . . . → Read More: Crude Oil Forecast: Brent Crude Breakout Awaits Fundamental Catalyst

Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K

Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC.

Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC.

Terra buys the dip… again

The move comes after a multi-day lull in buying activity . . . → Read More: Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K

EUR/USD, CAC 40: French Election Risks Rising, But Under-Priced for Shock Scenario

French Election, Euro, CAC 40 Analysis and News: French Election Risks Rising, but still under-priced How Much is Priced in for the upcoming election? Low Euro Vol Reflecting Market Complacency? Trading impact for the Euro Rising Real Yields to Increase Gold Headwinds French Election Risks Rising, but still under-priced

As we draw closer . . . → Read More: EUR/USD, CAC 40: French Election Risks Rising, But Under-Priced for Shock Scenario

DAX 40 Headwinds Build as Russian Energy Woes and Fed Hawkishness Undermine it

DAX Index, Fed, Brainard, Treasury, Crude Oil, Gold, Iron Ore- Talking Points The DAX joined most equity indices lower after Fed’s Brainard turned hawkish Bonds went lower as yields leapt in the aftermath of her commentary All eyes on the Fed minutes later today for clues on the pace of asset sales

The . . . → Read More: DAX 40 Headwinds Build as Russian Energy Woes and Fed Hawkishness Undermine it

Gold Price Forecast: Prices Probe Support as FOMC Minutes, China CPI Near

Gold, XAU/USD, Inflation, FOMC Minutes, China CPI – Talking Points Gold prices stagnant in APAC trading after US Dollar strength drives them lower FOMC Minutes and Chinese inflation in focus as central banks grow increasingly hawkish XAU/USD bears continue to probe the 78.6% Fibonacci retracement level near 1920

Gold prices are slightly lower . . . → Read More: Gold Price Forecast: Prices Probe Support as FOMC Minutes, China CPI Near

Scaramucci sees bright future for crypto but ‘very worried’ about US politicians

Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics.

Scaramucci is a former director of communications at the White House, and Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund.

He spoke candidly at the Australian . . . → Read More: Scaramucci sees bright future for crypto but ‘very worried’ about US politicians

Visa should be ‘scared:’ Lightning Labs raises $70M to add stablecoins

Bitcoin (BTC) software firm Lightning Labs has secured a large funding round to enable and further develop the Lightning Network for faster and cheaper Bitcoin and stablecoin transactions.

The $70 million Series B funding round was led by Valor Equity Partners with participation from Baillie Gifford, Goldcrest Capital and several other angel investors. . . . → Read More: Visa should be ‘scared:’ Lightning Labs raises $70M to add stablecoins

Marathon Digital moves Montana BTC mine to pursue carbon neutrality

Bitcoin (BTC) miner Marathon Digital Holdings plans on taking a big step toward carbon neutrality with plans to transition its Montana mining facility to use sustainable power sources elsewhere.

The Nevada-based company intends on relocating its coal-powered Hardin, Montana facility to a location that uses sustainable non-carbon emitting energy sources. The move is aimed . . . → Read More: Marathon Digital moves Montana BTC mine to pursue carbon neutrality

USD/CAD Rate Clears March Low Ahead of Canada Employment Report

Canadian Dollar Talking Points

USD/CAD retraces the decline from the start of the week as Federal Reserve Governor Lael Brainard warns that the central bank could “reduce the balance sheet at a rapid pace as soon as our May meeting,” but data prints coming out of Canada may push the exchange rate towards . . . → Read More: USD/CAD Rate Clears March Low Ahead of Canada Employment Report

Twitter debates the role of renewable energy in Bitcoin mining

It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.” 

. . . → Read More: Twitter debates the role of renewable energy in Bitcoin mining

Crypto and culture intersecting: Could ApeCoin be the go-to token of the Metaverse?

What is it with these sly, funny, but boring-looking apes that continue to make headlines? Many collectors argue that it’s less about the image, itself, and more about the culture, social capital and wealth the community of owners has gained from Bored Ape Yacht Club (BAYC) that give the collection its value. Amassing over . . . → Read More: Crypto and culture intersecting: Could ApeCoin be the go-to token of the Metaverse?

Biggest future BTC whale explains why Bitcoin was chosen for ‘decentralized Forex reserve’

Bitcoin (BTC) is the collateral asset of choice for the world’s biggest decentralized stablecoin, and one of its top executives says there was no other.

Speaking to Bloomberg on April 4, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm’s stablecoin, TerraUSD (UST).

Kwon: BTC buys will . . . → Read More: Biggest future BTC whale explains why Bitcoin was chosen for ‘decentralized Forex reserve’

Equities Forecast Q2 2022: Fed Policy Remains the Biggest Risk for Equity Markets

A volatile first quarter for US equities, which grappled with not only an inflation-fighting Federal Reserve but also increased geopolitical tensions. The latter stemming from Russia’s invasion of Ukraine. Subsequently, the S&P 500 has posted a quarterly loss of circa 5%, while the market mentality has shifted from a “buy the dip bias” . . . → Read More: Equities Forecast Q2 2022: Fed Policy Remains the Biggest Risk for Equity Markets

EUR/USD Forecast: Proposed Sanctions Unmasks Key Level as Euro Fades

EUR/USD ANALYSIS U.S./European sanctions hurt Euro. Spotlight on upcoming U.S. economic data. Bear flag break potential. Advertisement EURO FUNDAMENTAL BACKDROP

Planned U.S. and European sanctions on Russia have weighed negatively on the Euro this morning, highlighting the currencies high correlation to the geopolitical situation in Ukraine. Once details around the sanctions are revealed, . . . → Read More: EUR/USD Forecast: Proposed Sanctions Unmasks Key Level as Euro Fades

Bitcoin retail FOMO spikes most since 2017 but BTC price may still be ‘doomed’ — analyst

Bitcoin (BTC) is seeing what looks like panic buying by retail investors, fresh data shows — but all might not be as it seems.

In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers.

2022 retail FOMO spike “an . . . → Read More: Bitcoin retail FOMO spikes most since 2017 but BTC price may still be ‘doomed’ — analyst

Inflows to Canadian Bitcoin ETFs hit all-time high: Glassnode

Canadian Bitcoin exchange-traded fund (ETF) holdings have increased to all-time highs according to recent research, and spot-based products are leading the way.

Canadian Bitcoin ETFs have increased their holdings by 6,594 Bitcoin (BTC) since January to reach an all-time high of 69,052 total BTC held.

The Purpose Bitcoin ETF saw the biggest increase in . . . → Read More: Inflows to Canadian Bitcoin ETFs hit all-time high: Glassnode

Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues

Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.

An April 4 joint statement from the two crypto mining companies revealed that scrapping the merger was a mutual decision “due to changing market conditions, the passage of time, and . . . → Read More: Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues

Australian Dollar Boosted by RBA Hinting at Hikes. New Peaks for AUD/USD?

Australian Dollar, AUD/USD, RBA, CPI, Inflation – Talking Points The RBA left the official cash rate at 0.10% as expected The statement removed the word “patient” as evidence builds A lift-off for rates in May could be brewing. If so, higher AUD/USD?

The Australian Dollar rallied after the RBA left rates unchanged at . . . → Read More: Australian Dollar Boosted by RBA Hinting at Hikes. New Peaks for AUD/USD?

Crude Oil Prices Rise as EU Mulls Action After Alleged Russia War Crimes

WTI Crude Oil, Brent Oil, Russia, Ukraine, European Union, Oil Embargo – Talking Points WTI and Brent crude oil prices rise as fresh supply worries appear from the conflict in Ukraine Appetite among European Union members to ban Russian oil grows after alleged war crimes WTI prices rise for the second day, but the . . . → Read More: Crude Oil Prices Rise as EU Mulls Action After Alleged Russia War Crimes

Gold Price Trapped in Range as Real Yields Rise Amid Fed Action. Where to for XAU/USD?

GOLD, XAU/USD, RUSSIA, REAL YIELDS, FED – Talking Points Gold has been moving sideways as sanctions fallout continues Real yields are inching higher on Fed action lowering inflation pricing With low volatility, will technical analysis provide XAU/USD direction?

Gold inched higher overnight on concerns of further sanctions against Russia from the EU. It . . . → Read More: Gold Price Trapped in Range as Real Yields Rise Amid Fed Action. Where to for XAU/USD?

Profit taking and Bitcoin consolidation give bears an opportunity to take control

The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this time, Bitcoin (BTC) presented a 2.6% negative performance, although that was more than offset by the gains from altcoins.

Total . . . → Read More: Profit taking and Bitcoin consolidation give bears an opportunity to take control

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend.

Data from on-chain analytics firm Glassnode showed that 100,000 Bitcoin left exchanges in March. These large quantities of withdrawals have only happened . . . → Read More: Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

Vitalik Buterin is worried about Ethereum — Here’s how the community responded

Ethereum co-founder Vitalik Buterin expressed his concerns about the blockchain’s future in a recent interview, and attendees of the recent ETHDubai event voiced mixed sentiments toward his perspective on crypto’s perils.

In an interview with Time magazine, Buterin pointed out some of his worries regarding the network, including it being populated by players who are . . . → Read More: Vitalik Buterin is worried about Ethereum — Here’s how the community responded

Ledger partners with The Sandbox to promote crypto education in the metaverse

Cryptocurrency hardware wallet provider Ledger has partnered with blockchain game The Sandbox to promote crypto education in its virtual world.

Ian Rogers, Ledger’s chief experience officer, announced the news at Non-Fungible Conference on Monday. He said that the new partnership aims to bring security into The Sandbox’s world and provide Ledger with a place . . . → Read More: Ledger partners with The Sandbox to promote crypto education in the metaverse

Sterling Price Forecast: Seasonality Supports Cable Reversal in April

Pound Sterling (GBP) News and Analysis April is the best month of the year for sterling appreciation vs the dollar GBP/USD key technical levels considered Massive divergence between institutional sentiment and IG client sentiment Advertisement April Supports Potential GBP/USD Reversal, Historically

In the absence of significant scheduled risk events this week, sterling could . . . → Read More: Sterling Price Forecast: Seasonality Supports Cable Reversal in April

Crypto Stories: YouTuber DataDash talks about his most expensive mistake

Nicholas Merten, also known as DataDash, found Bitcoin (BTC) when it was $3. But, like many people at the time, Merten was very skeptical about crypto and found it crazy for people to be buying what he thought was “fake internet money.”

Merten’s story started with a hint of inspiration from a conversation . . . → Read More: Crypto Stories: YouTuber DataDash talks about his most expensive mistake

EUR/USD Latest: The Euro vs. US Dollar Battle Continues

EUR/USD Price, Chart, and Analysis

Two-year US Treasury yield nears 2.50%, 2s-10s invert again. Euro Area headline inflation hits an all-time high.

The Euro continues to trade on either side of 1.1000 against the US dollar despite a further rise in short-dated US Treasury yields. Last Friday’s record high Euro Area headline . . . → Read More: EUR/USD Latest: The Euro vs. US Dollar Battle Continues

BTC starts 2022 all over again — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000.

In what will seem like some serious deja-vu for hodlers, BTC/USD is at practically the same level it was on January 1, 2022.

Price action has been quiet — too quiet, . . . → Read More: BTC starts 2022 all over again — 5 things to know in Bitcoin this week

US Dollar Up on Fed Hike Bets After Solid NFP. Can DXY Resume the Uptrend?

US Dollar, USD, DXY, Fed, Treasuries, RBA, AUD, Bank of England – Talking Points The US Dollar is being underpinned by higher rates across the curve APAC equities move higher, joined by the Australian Dollar ahead of the RBA Speculation of more rate rises from the Fed is in view.Will USD get a boost? . . . → Read More: US Dollar Up on Fed Hike Bets After Solid NFP. Can DXY Resume the Uptrend?

Is Ethereum really the best blockchain to form a DAO?

The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications (DApps), but other chains may be better suited to handle the workload for decentralized autonomous organizations (DAOs).

Technical advantages and cheaper transactions have yet to become a major pull factor from Ethereum Virtual Machine (EVM) . . . → Read More: Is Ethereum really the best blockchain to form a DAO?

US Dollar and Emerging Market Currencies Eyeing FOMC Minutes this Week

US Dollar, Singapore Dollar, Thai Baht, Indonesian Rupiah, Philippine Peso, ASEAN, Fundamental Analysis – Talking Points US Dollar stabilizes against Emerging Market currencies Traders closely eyeing the FOMC meeting minutes ahead Philippine and Thailand CPI also in focus for PHP & THD US Dollar ASEAN Weekly Recap

This past week, the US Dollar . . . → Read More: US Dollar and Emerging Market Currencies Eyeing FOMC Minutes this Week

AUD/USD Chart Flags Bullish Potential as RBA Nears Amid China Lockdowns

Australian Dollar, AUD/USD, RBA, China, Covid, Ukraine, Bull Flag – Talking Points Asia-Pacific traders eye Ukraine, China lockdowns, central banks to kick off the week RBA policy meeting in focus as traders try to zero in on when rates will begin to rise AUD/USD prices may target the October 2021 high if Flag pattern . . . → Read More: AUD/USD Chart Flags Bullish Potential as RBA Nears Amid China Lockdowns

Here’s how pro traders use Bitcoin options to profit even during a sideways market

Bitcoin (BTC) price swings might be impossible to predict, but there is a strategy frequently used by pro traders that yields high returns with minimal cost.

Typically, retail traders rely on leveraged futures positions which are highly susceptible to forced liquidations. However, trading Bitcoin options provide excellent opportunities for investors aiming to maximize gains . . . → Read More: Here’s how pro traders use Bitcoin options to profit even during a sideways market

Top 5 cryptocurrencies to watch this week: BTC, VET, THETA, RUNE, AAVE

Bitcoin (BTC) is attempting to hold above its closest support level, and traders are watching to see if the price can remain strong and close above the 2022 yearly open price at $46,200 for the second week in a row.

April has historically been the best performing month of the year for the S&P . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, VET, THETA, RUNE, AAVE

6 Questions for Chen Li of Youbi Capital

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to Chen Li, the co-founder and CEO of Youbi Capital, a venture capital firm investing in blockchain technologies . . . → Read More: 6 Questions for Chen Li of Youbi Capital

Diversified Energy Exposure: Top Trade Opportunities

The energy sector has experienced significant turbulence following the onset of the COVID pandemic. Since crude oil prices dropped below zero in April of 2020, prices have surged, exacerbated by the Russian invasion of Ukraine in February.

XOP (SPDR S&P Oil & Gas Exploration & Production ETF), a leading energy ETF, . . . → Read More: Diversified Energy Exposure: Top Trade Opportunities

Bitcoin Price Forecast Q2 2022: Still Not Immune from Market Risk

Q1 hasn’t been easy for investors. In fact, the stock market had one of its worst starts to a year in history, rivaled by the GFC and great depression. Of course, Bitcoin as a high beta asset hasn’t been immune to the drop in stocks, falling over 13% (at the time of writing) . . . → Read More: Bitcoin Price Forecast Q2 2022: Still Not Immune from Market Risk

Short EUR/CAD: Top Trade Opportunities

Short EUR/CAD on Elevated Oil Prices and Stark Monetary Policy Divergence

The first quarter of 2022 ended with the US dollar, Australian dollar and Canadian dollar as standout performers while the Turkish Lira, Russian Ruble, Japanese Yen and the Euro were among the worst performers (against the dollar). I favor the commodity currencies . . . → Read More: Short EUR/CAD: Top Trade Opportunities

Short SPX: Top Trade Opportunities

As 2021 wound to a close, the animal spirits that had become the stock market for much of the previous year were being broken. Then in Q1 the market itself broke. The recent decline was deep, but hardly brutal.

It could be the shot across the bow. The rally that began late . . . → Read More: Short SPX: Top Trade Opportunities

JPY Forecast Q2 2022: Will Inflation Surpass the Bank of Japan’s Target?

Japanese Yen First Quarter Recap

The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP and EUR fell as the S&P 500 and 10-year Treasury yield climbed.

Stocks and . . . → Read More: JPY Forecast Q2 2022: Will Inflation Surpass the Bank of Japan’s Target?

Is Bitcoin a hedge against inflation?

Putting money in store of value investments like gold, real estate, stocks and crypto helps curb inflation.

As cash loses purchasing power over time, keeping cash leads to people losing their savings. This has prompted people to put their money in store of value investments such as gold, real estate, stocks . . . → Read More: Is Bitcoin a hedge against inflation?

Axie Infinity hacked for $612M, OpenSea expands support to Solana, EU’s unhosted wallet regulations cause a stir: Hodler’s Digest, March 27-April 2

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Crypto industry fires back after EU vote to block . . . → Read More: Axie Infinity hacked for $612M, OpenSea expands support to Solana, EU’s unhosted wallet regulations cause a stir: Hodler’s Digest, March 27-April 2

Indonesia’s cryptocurrency community in 2022: An overview

Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021.

It’s getting to the point where crypto . . . → Read More: Indonesia’s cryptocurrency community in 2022: An overview

Update: Mt. Gox 6,800 BTC not linked with ex-CEO’s plans to redistribute $6B

A recent whale alert misassociated an F2pool cold wallet with Bitcoin (BTC) exchange Mt. Gox, which transferred 6,800 BTC to an unknown wallet just days after the former CEO Mark Karpeles revealed plans to redistribute BTC worth $6 billion to its creditors. 

Mt. Gox was a Tokyo-based Bitcoin exchange that shut down in Feb. . . . → Read More: Update: Mt. Gox 6,800 BTC not linked with ex-CEO’s plans to redistribute $6B

Bitcoin regains yearly open as trader says $50K next week ‘might be likely’

Bitcoin (BTC) consolidated above the 2022 yearly open on April 2 after a return to form briefly saw bulls reclaim $47,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price holds “crucial” long-term support

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $46,600 Saturday on the back of a clear bounce at long-term . . . → Read More: Bitcoin regains yearly open as trader says $50K next week ‘might be likely’

Astar (ASTR) price doubles as the network prepares to add 15 new projects in April

Following the successful completion of its initial parachain auctions, the Polkadot (DOT) ecosystem has begun to gain traction with the cryptocurrency community as the first chains begin to come online and integrate with Ethereum (ETH). 

Astar (ASTR) is one such Polkadot-based project that finished off the month of March on a hot streak after . . . → Read More: Astar (ASTR) price doubles as the network prepares to add 15 new projects in April

Price analysis 4/1: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

Bitcoin (BTC) has clawed back much of the losses that took place in January and now the focus of traders shifts to April, which has historically been a strong month for the cryptocurrency. According to Coinglass data, Bitcoin has closed April in the red on onlthree occasions and the worst monthly loss was a 3.46% . . . → Read More: Price analysis 4/1: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

How to make a Metaverse: Secrets of the founders

Cointelegraph Magazine talks to some of the leading Metaverse founders to discover their secret sauce for Web3.

Featuring co-founder of The Sandbox Sebastien Borget, co-founder of Upland Idan Zuckerman, head of metaverse growth of Unique Network Irina Karagyuar, chief marketing officer of Univers Peter Nguyen, co-founder of Alien Worlds Sarojini McKenna, co-founder of Immersys . . . → Read More: How to make a Metaverse: Secrets of the founders

Traders predict $3,800 Ethereum, but multiple data points suggest otherwise

Investors tend not to complain about a price rally, except when the chart presents steep downside risks. For example, analyzing Ether’s (ETH) current price chart could lead one to conclude that the ascending channel since March 15 is too aggressive.

Ether price at FTX, in USD. Source: TradingView

Thus, it is only natural for . . . → Read More: Traders predict $3,800 Ethereum, but multiple data points suggest otherwise

IOST, SKALE Network and CELR gain 30% as traders call for an altseason

Volatility is back in full force in the cryptocurrency market and the price of Bitcoin (BTC) has undergone several $1,000 swings over the past few days and select altcoins have seen their prices surge to new highs after major announcements. 

The big winners on March 31 include protocols that focus on interoperability between the . . . → Read More: IOST, SKALE Network and CELR gain 30% as traders call for an altseason

Ethereum is like the best and worst parts of New York: Grayscale

Digital asset manager Grayscale has published a report on smart contract platforms in which it likens the Ethereum (ETH) blockchain to the best and worst parts of New York City.

The report examines the granddaddy smart contract network Ethereum in comparison to newer competing blockchains such as Solana (SOL), Avalanche (AVAX), Polkadot (DOT), . . . → Read More: Ethereum is like the best and worst parts of New York: Grayscale

S&P 500, Nasdaq 100 Slip on Inflation Jitters as Geopolitical Risk Boosts Oil Prices

US STOCKS OUTLOOK: S&P 500, Dow Jones, and Nasdaq 100 trade lower as market sentiment sours Oil rallies on geopolitical tensions, sparking fears that rising energy prices will translate to higher inflation and thus aggressive monetary tightening In this article we explore key technical levels for the S&P 500 and Nasdaq 100

Most . . . → Read More: S&P 500, Nasdaq 100 Slip on Inflation Jitters as Geopolitical Risk Boosts Oil Prices

DeFi Technologies subsidiary Valour surpasses $274 million in AUM

On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges.

Cointelegraph previously reported that Valour launched two such ETPs involving Uniswap (UNI) and Polkadot (DOT) last year. For each exchange-traded product of Valour that . . . → Read More: DeFi Technologies subsidiary Valour surpasses $274 million in AUM

USD/CAD Fails to Defend 2022 Opening Range Ahead of US PCE, NFP Reports

Canadian Dollar Talking Points

USD/CAD trades to a fresh yearly low (1.2429) as commodity bloc currencies continue to outperform against the Greenback, and the exchange rate may depreciate over the remainder of the week as it fails to defend the opening range for 2022.

Advertisement USD/CAD Fails to Defend 2022 Opening Range Ahead . . . → Read More: USD/CAD Fails to Defend 2022 Opening Range Ahead of US PCE, NFP Reports

Aave v3 launch triggers 50% rally from long-term descending channel pattern

The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year’s fast risers have faded into obscurity but this does not mean the formerly “famous” protocols have not continued to build.

One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity . . . → Read More: Aave v3 launch triggers 50% rally from long-term descending channel pattern

Euro Technical Analysis: Consistent Narrative Forming for EUR/GBP, EUR/JPY, EUR/USD

Advertisement Euro Outlook: Euro strength is emerging on a more consistent basis across the major EUR-crosses as the Russian invasion of Ukraine appears to be in its final stages. A ceasefire would allow the European Central Bank to move more aggressively on interest rates to tame inflation pressures, which would help close the . . . → Read More: Euro Technical Analysis: Consistent Narrative Forming for EUR/GBP, EUR/JPY, EUR/USD

Price analysis 3/30: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

Bitcoin’s (BTC) rally is taking a breather near the 200-day simple moving average (SMA) and that has resulted in what is either a minor pullback or consolidation in BTC and select altcoins. 

In the last few days, Terraform Labs has been on a Bitcoin buying spree. The wallet address, which has been speculated to . . . → Read More: Price analysis 3/30: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

Oil Gains on High Geopolitical Risk Premium, Market Braces for Energy Trade Disruptions

CRUDE OIL PRICE OUTLOOK: WTI prices jump more than 2.5% after a brief correction Tuesday Reports that Russia has failed to deliver on its promise to reduce military activity in Ukraine weigh on sentiment and exacerbate fears that energy supplies will be further disrupted In this article we look at the key technical levels . . . → Read More: Oil Gains on High Geopolitical Risk Premium, Market Braces for Energy Trade Disruptions

Why the rise of a Bitcoin standard could deter war-making

Alex Gladstein, the chief strategy officer at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars.

According to Gladstein,  the United States was able to sustain its “forever wars” in Iraq and Afghanistan mainly by borrowing capital. That . . . → Read More: Why the rise of a Bitcoin standard could deter war-making

Bitcoin sentiment hits ‘greed’ in 2022 first amid calls for $45K BTC price pullback

Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up.

The start of Wall Street trading on March 30 failed to induce a fresh advance on BTC/USD, which threatened to lose support at $47,000.

From “extreme fear” to “greed” in one week

After . . . → Read More: Bitcoin sentiment hits ‘greed’ in 2022 first amid calls for $45K BTC price pullback

US Market Open: Oil and Gold Rebound, USD Weakness Lifts EUR/USD

US Dollar Market Update: Advertisement Commodity Overview – Gold & Oil bounce back from support

Over the past two years, the economic implications of the Covid-19 pandemic has forced central banks to implement quantitative easing measures in an effort to avoid a global recession.

As interest rates fell to near-zero, commodity . . . → Read More: US Market Open: Oil and Gold Rebound, USD Weakness Lifts EUR/USD

MENA Climate Week notes blockchain’s potential for climate action

Panelists at the recent MENA Climate Week 2022 examined how blockchain technology can contribute to green initiatives.

Hosted by the United Arab Emirates Ministry of Climate Change and Environment, Dubai Electricity and Water Authority, and World Green Economy Organization, along with various institutions under the United Nations Environment Programme and in partnership with renewable . . . → Read More: MENA Climate Week notes blockchain’s potential for climate action

Crypto critics: Why do they bother? Can FUD be useful?

“Anyone who says that David Gerard personally stopped their crypto getting into Wikipedia is a fuckwit,” says editor, Wikimedia spokesman and professional crypto hater David Gerard in his typically no-nonsense fashion.

“There are a lot of fuckwits.”

When Gerard is not passionately arguing against cryptocurrencies in Wikipedia editor discussions, the author of the 2017 . . . → Read More: Crypto critics: Why do they bother? Can FUD be useful?

MetaMask rolls out Apple Pay integration and other iOS updates

ConsenSys-owned MetaMask tweeted a thread of updates on Tuesday for iPhone and Apple Pay users. The main feature is the ability to buy cryptocurrency using a debit or credit card through the mobile application, eliminating the need to transfer Ether (ETH) from a centralized exchange like Coinbase into the application. 

. . . → Read More: MetaMask rolls out Apple Pay integration and other iOS updates

Pro traders curb their enthusiasm until Ethereum confirms $3,400 as support

Ether (ETH) price jumped 11% between March 26 and March 29 to reach $3,480, which is the highest level in 82 days. Currently, the price is down 9% year-to-date. Does data support the belief that the altcoin has resumed its uptrend toward a new all-time high? 

Institutional investors seem excited that the CoinShares Digital . . . → Read More: Pro traders curb their enthusiasm until Ethereum confirms $3,400 as support

AUD/USD Rally Fails to Push RSI Into Overbought Zone

Australian Dollar Talking Points

AUD/USD snaps the recent series of higher highs and lows after trading to a fresh yearly high (0.7540) at the start of the week, and the exchange rate appears to be reversing ahead of the October high (0.7556) as the recent rally fails to push the Relative Strength Index . . . → Read More: AUD/USD Rally Fails to Push RSI Into Overbought Zone

Gnosis (GNO) price rallies 50%+ after CowSwap users claim COW airdrop

This week Gnosis (GNO) price notched a swift 50%+ rally after the project took another step forward in its transition to the Coincidence of Wants Procotol, or CoW, an interface that offers traders protection from miner extracted value (MEV).

Data from Cointelegraph Markets Pro and TradingView shows that the price of GNO has . . . → Read More: Gnosis (GNO) price rallies 50%+ after CowSwap users claim COW airdrop

USD Outlook: Rate Hikes Priced In | tastytrade clips

Dubai school will welcome tuition payments in Bitcoin and Ethereum

According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH). Payments using digital assets are facilitated via an unnamed processing platform and are automatically converted into United Arab Emirates Dirhams (AED). Dr Adil Alzarooni, the founder of Citizens School, commented: 

. . . → Read More: Dubai school will welcome tuition payments in Bitcoin and Ethereum

CFTC looks at expanded authority to regulate crypto, for less than a 10% budget increase

The U.S. Commodity Futures Trading Commission, or CFTC, has released its Fiscal Year 2023 (FY2023) budget request, seeking $365 million. This marks a 9.9% increase over the previous year and 20% over FY2021. The commission regulates the country’s derivatives market and has been increasingly active in recent years in policing financial products that . . . → Read More: CFTC looks at expanded authority to regulate crypto, for less than a 10% budget increase

EUR/USD Blasts Higher as Russia-Ukraine Peace Talks Spark Optimism. Now What?

EURO OUTLOOK: EUR/USD soars and rises to its best level since March 17 News that Russia has decided to drastically reduce combat operations in some cities in Ukraine to add momentum to cease-fire negotiations boosts appetite for riskier currencies while weighing on the U.S. dollar In this article we explore key technical levels for . . . → Read More: EUR/USD Blasts Higher as Russia-Ukraine Peace Talks Spark Optimism. Now What?

MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan

MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate Bank.

In a Tuesday announcement, MicroStrategy said Silvergate issued a $205 million loan “secured by certain Bitcoin held in MacroStrategy’s collateral account.” The firm’s subsidiary MacroStrategy will be using the proceeds of . . . → Read More: MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan

Axie Infinity’s Ronin bridge hacked for over $600M

According to Axie Infinity’s official Discord and Ronin Network’s official Twitter thread, along with its Substack page, the Ronin bridge and Katana Dex have been halted after suffering an exploit for 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC), worth a combined $612 million at Tuesday’s prices. In a statement, its developers . . . → Read More: Axie Infinity’s Ronin bridge hacked for over $600M

US Market Open: Ukraine and Russia Resume Talks, Gold, Oil Retreat

US Dollar, Gold, Oil Talking Points: Gold (XAU/USD) takes strain above $1,900 Oil continues to fall as Russia Ukraine talks adopt a more optimistic stance US Dollar retracts, risk-on sentiment limits gains S&P 500, NASDAQ (US Tech 100), DJI (Wall Street 30) climb. Is risk-on sentiment back? Advertisement Will an Agreement Between Russia and . . . → Read More: US Market Open: Ukraine and Russia Resume Talks, Gold, Oil Retreat

What are the best altcoins you can buy for under $3? | Find out now on The Market Report

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the best altcoins to buy for under $3.

But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for . . . → Read More: What are the best altcoins you can buy for under $3? | Find out now on The Market Report

Kitchen table Bitcoin: How should average investors approach crypto?

Cryptocurrencies have come a long way over the last few years, so much so that their market capitalization is now above the $2 trillion mark, and large businesses including Tesla and MicroStrategy have invested billions in Bitcoin (BTC).

While institutional investments in crypto assets have been growing over the last few years, discussion on . . . → Read More: Kitchen table Bitcoin: How should average investors approach crypto?

S&P 500, Nasdaq 100, Dow Price Forecasts: Stocks Gap Up to Fresh Highs

S&P 500, Nasdaq 100, Dow Talking Points:

Stocks have continued their post-FOMC ramp and the S&P 500 has already set a fresh two-month-high. The big driver for this morning is continued hope for de-escalation in Ukraine, with reports that Russia was withdrawing forces from Kyiv. This helped U.S. equities to gap at the . . . → Read More: S&P 500, Nasdaq 100, Dow Price Forecasts: Stocks Gap Up to Fresh Highs

Crypto donation startup launches IRS form as US tax season looms

Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations.

The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday.

According to Engiven, . . . → Read More: Crypto donation startup launches IRS form as US tax season looms

NFT adoption: Tokens take the runway at Metaverse Fashion Week

The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted . . . → Read More: NFT adoption: Tokens take the runway at Metaverse Fashion Week

Nifty News: Luxury brands join Decentraland‘s Metaverse Fashion Week

This past weekend, Decentraland hosted the Metaverse Fashion Week, or MVFW, a four-day digital fashion event that staged wearables on virtual runways, organized discussion panels and housed shopping experiences. A lineup of both legacy luxury labels and digital brands participated including Dolce & Gabbana, Etro, Tommy Hilfiger, Estée Lauder and Elie Saab.

Meanwhile, digital-native . . . → Read More: Nifty News: Luxury brands join Decentraland‘s Metaverse Fashion Week

Price analysis 3/28: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

Bitcoin (BTC) and several altcoins surprised many with their newfound strength during the weekend. Bitcoin’s rally easily sliced through the $45,900 level, which according to Glassnode was an area of resistance because several investors had purchased near that level when Bitcoin was declining after hitting its all-time high in November.

Bitcoin’s strength may have . . . → Read More: Price analysis 3/28: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

EUR/USD Rate Vulnerable to Rising US Inflation and Employment

EUR/USD Rate Talking Points

The range-bound price action in EUR/USD appears to be unraveling as it clears last week’s low (1.0961), and fresh developments coming out the US may keep the exchange rate under pressure as the Federal Reserve shows a greater willingness to normalize monetary policy at a faster pace.

Advertisement EUR/USD . . . → Read More: EUR/USD Rate Vulnerable to Rising US Inflation and Employment

FX Week Ahead – Top 5 Events: Chinese Manufacturing PMI; US PCE Index; Eurozone Inflation Rate; US NFP; US ISM Manufacturing

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Advertisement FX Week Ahead Overview: The final week of March sees several ‘high’ rated economic releases from the world’s three largest economies: China, the Eurozone, and the United States. The Chinese manufacturing PMI for March should reveal how recent lockdowns have weighed on economic activity. Incoming inflation data from the . . . → Read More: FX Week Ahead – Top 5 Events: Chinese Manufacturing PMI; US PCE Index; Eurozone Inflation Rate; US NFP; US ISM Manufacturing

US Bond Yields Biased Higher on Hawkish Fed, SHY at Risk of Further Losses

US TREASURY YIELDS AND SHY OUTLOOK U.S Treasury rates have soared in recent weeks amid hawkish repricing of Fed’s monetary policy outlook The short-end of the curve has experienced the largest moves, with the 2-year yield up approximately 88 basis points to 2.32% in March With short-dated yields on the rise, SHY will remain . . . → Read More: US Bond Yields Biased Higher on Hawkish Fed, SHY at Risk of Further Losses

Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0

“Stargate Finance” has been trending on Twitter for the past week and while it’s too early to call for a full-blown DeFi bull market, traders have been shoveling funds into the project, which claims to be a “composable omni-chain native asset bridge.”

Data from Cointelegraph Markets Pro and TradingView shows STG was listed on . . . → Read More: Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0

Bitcoin price could return to all-time highs if $46K holds — Analysts

Bitcoin (BTC) went on to hit its highest level since Jan. 2 on March 28’s Wall Street open as its latest bull run kept up the pace.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dip nonessential but “would be healthy”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $47,900 on Bitstamp, just . . . → Read More: Bitcoin price could return to all-time highs if $46K holds — Analysts

Nasdaq 100 Forecast: Tech Stocks Choppy in Monday’s Session, 15,000 Threshold Eyed

Nasdaq 100, Oil, Russia, Ukraine, US Treasury Yields – Talking Points Nasdaq 100 points higher toward 15,000 key threshold Important to be wary of month-end, quarter-end this week

The Nasdaq 100 Index continues to push higher during Monday’s session, leading other major US equity benchmarks higher. Monday’s session saw massive moves in the . . . → Read More: Nasdaq 100 Forecast: Tech Stocks Choppy in Monday’s Session, 15,000 Threshold Eyed

FTSE, DAX Outlook: UK, EU Stocks Shrug Off Growth Concerns

FTSE, DAX News: DAX & FTSE threaten overbought territory. Stocks shrug off growth concerns. German 40 Index leads gains in equity indices as prices remain supported by key technical levels. Growth outlook sours as China’s largest city, Shanghai enters into lockdowns. FTSE 100 holds onto gains despite elevated geopolitical risks. Advertisement DAX, FTSE Shrug . . . → Read More: FTSE, DAX Outlook: UK, EU Stocks Shrug Off Growth Concerns

Bitcoin to $58K next? A 2019-like ‘reversal ascending triangle’ hints at more upside for BTC

A sharp reversal in the price of Bitcoin (BTC) out of an otherwise bearish technical setup has raised its chances of reaching $58,000 in Q2.

Bitcoin price bottoming out?

On the daily timeframe, Bitcoin broke out of its ascending triangle on March 27 to the upside, bringing the much-anticipated level of $50,000 within its range. . . . → Read More: Bitcoin to $58K next? A 2019-like ‘reversal ascending triangle’ hints at more upside for BTC

Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin

Coinbase is set to continue its global acquisition strategy, reportedly buying the Brazilian company 2TM, the parent company of Mercado Bitcoin. 

According to information from Estadão, the third-largest newspaper in Brazil and read by 212 million o populace, the Coinbase acquisition could be complete by next month. Negotiations for the purchase have been taking . . . → Read More: Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado Bitcoin

Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week

Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates.  

Addressing the audience, Hoskinson used his keynote to discuss topics like Bitcoin (BTC), Web3 and philosophy, bringing up topics like what happens next . . . → Read More: Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week

Ethereum risks ‘double-bust’ drop despite ETH price rebounding 30% in two weeks

It took Ethereum’s native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022.

ETH price breaks out but risks remain

ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its . . . → Read More: Ethereum risks ‘double-bust’ drop despite ETH price rebounding 30% in two weeks

Top 5 cryptocurrencies to watch this week: BTC, ADA, AXS, LINK, FTT

Bitcoin (BTC) is attempting to notch its second successive weekly gains and end at the highest weekly closing price year-to-date. According to on-chain data from Glassnode, the recovery in Bitcoin’s price was driven by demand in the spot markets. This is likely to cheer the bulls because history suggests that spot market demand leads . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ADA, AXS, LINK, FTT

Inside the blockchain developers’ mind: What is the ultimate scaling solution?

Cointelegraph is following the development of an entirely new blockchain from inception to the mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.

Scalability is a popular topic in blockchain, but few ever explain what we mean by that term. When we at Koinos Group . . . → Read More: Inside the blockchain developers’ mind: What is the ultimate scaling solution?

Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Euro, NFPs, China PMI

Global market sentiment was a mixed bag this past week. Strong gains were seen on Wall Street as the Nasdaq 100 and Dow Jones gained about 2.3% and 0.33% respectively. Equities in Europe were mixed, with the FTSE 100 rallying 1% as the DAX 40 declined 0.74%. In Asia, the Nikkei 225 roared . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Euro, NFPs, China PMI

Weekly Fundamental Crude Oil Price Forecast: Supply Concerns Remain Intact

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Weekly Fundamental Crude Oil Price Forecast: Neutral As the Russian invasion of Ukraine presses into its second month, there are no signs that energy supply chain concerns are going to abate. A new Iran nuclear deal could be reached in the coming days, but the impact of new energy supplies has . . . → Read More: Weekly Fundamental Crude Oil Price Forecast: Supply Concerns Remain Intact