Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies for making payments. If Amazon jumps on the crypto bandwagon, it will immensely strengthen the possibility of cryptocurrencies going mainstream across the world. Today Bitcoin price is showing a new spark of optimism after the Bank of New York Mellon announced that it would hold, transfer and issue Bitcoin on part of its clients. The bank is also …

Since Feb. 6 Pundi X (NPXS) has rallied by 102%. While it would be easy to assume that it’s breakout is simply following in the hoof prints of the herd of altcoins that have been rallying alongside Bitcoin, the current move appears to be driven by an upcoming testnet launch and improving fundamentals. Pundi X is a borderless digital currency payment ecosystem that aims to boost adoption using Point-of-Sale (POS) terminals and a contactless payment card. Using an open-source system, the platform focuses on physical stores retail payments. Streamlined mobile payments is another problem which the Pundi X ecosystem aims …

Bitcoin’s (BTC) recent institutional investor-driven rally has steadily pushed its price to new all-time highs and while investors are intensely focused on BTC’s price action, a number of altcoins have also secured new multi-year highs. On. Feb. 10, the total crypto market capitalization hit a new high at $1.42 trillion less than a week after Tesla disclosed that it purchased $1.5 billion worth of BTC. Despite being the center of attention for the past few months, Bitcoin’s market dominance has actually decreased from 70.2% on Jan. 13 to its current reading at 61.5%. Historical data shows that when Bitcoin dominance …

On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. Data from Cointelegraph Markets and TradingView shows that BNB rose from $35.37 on Jan. 11 to $148, a 256% increase in less than a month. Three reasons for the explosive growth in the price of BNB include the recent surge in trading volume to a new record high, the expansion of DeFi related protocols to the Binance Smart Chain, and a steadily expanding ecosystem which is supported by new partnerships and integrations. Surging volume …

You could literally hear the Bitcoin (BTC) hodlers cheering from the rooftops as the world's largest whale publically entered the market this week. But as Bitcoin screamed toward $50,000, altcoin hodlers looked on in horror as their portfolios began shrinking in terms of BTC. However, the Elon pump has possibly created a massive buying opportunity for many altcoins on the BTC paired charts. One coin, in particular, has been letting the side down, namely LINK. It seems like only yesterday that Zeus capital got rekt shorting LINK as it pumped from $10 to $20, but this was August 2020, when …

Bitcoin (BTC) price continues to defy gravity and its strong bullish breakouts frequently result in short sellers needing to cover their positions in a hurry. A repeat of this happened on Feb. 9 when Bitcoin soared on the news of Tesla’s $1.5 billion Bitcoin purchase. Bybt data shows that about $1.34 billion worth of Bitcoin futures positions were liquidated due to the sharp rally. Another notable event was the launch of CME Ether (ETH) futures on Feb. 8. Several traders feared that the launch would send Ether price tumbling, similar to the weakness seen in Bitcoin shortly after the launch …

Elrond (EGLD) price has increased by 700% since Feb. 1 as new partnerships and protocol upgrades bolster investor confidence in the project. Elrond is a blockchain protocol designed to offer fast transaction speeds through the implementation of sharding for use with dapps, enterprise use cases and the new internet economy. The most recent price surge followed the release of the Maiar wallet which offers a variety of user-focused features including the ability to make social payments through ‘herotags’. The upgrade also allows EGLD to stake their tokens to earn rewards. According to the team, the Maiar wallet operates on an …

Cardano’s (ADA) price has increased 100% since Feb. 1 as social media engagement and excitement about the addition of smart contract functionality is propelling ADA to its highest price level since the bull market of January 2018. Data from Cointelegraph Markets and TradingView shows that ADA rose from $0.35 on Feb. 1 to its current price of $0.71, a move which has elevated Cardano to the 4th ranked cryptocurrency by total market cap. The first surge started after the team upgraded its delegation interface on Daedalus. Another noticeable uptick in buying volume began on Feb. 4 after Cardano tweeted about …

Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20. By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. This is quite similar to Uniswap's liquidy pools which are automated by smart contracts. In addition to its traditional functions, PancakeSwap offers staking for its liquidity providers. There's also a lottery for users holding 10 or more CAKE and by opting for a chain with much …

Many DApps and blockchain-based games are designed with casino-style and RPG features that allow players to use cryptocurrency for gambling. FunFair is essentially a white-label, turnkey blockchain-based casino and the platform aims to provide services with zero set-up fees and no monthly minimums. The platform’s native FUN token is the fuel behind every function on the FunFair platform and players need to use it to place bets, and winnings are also paid out in the same way. FUN tokens are used to compensate game developers and pay for fees and services to affiliates and within the game. Since Jan. 28, …

The total market capitalization of cryptocurrencies surged to $1.139 trillion on Feb. 4, just short of silver’s total market cap at $1.5 trillion. While the crypto market cap is still way below that of gold, Bloomberg senior commodity strategist Mike McGlone said in a report that Bitcoin (BTC) has found strong support at $30,000 and it may now rally to $50,000 and higher. However, some institutional investors who had invested at lower levels and are sitting on huge profits are taking some money off the table. United Kingdom-based Ruffer Investment Management said it had initially invested about $600 million in …

Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations. This explosive rise in gas fees is leading users to look for other options and one alternative is Flamingo finance. The protocol is built on Neo and designed with a focus on governance and interoperability. Interoperability has also emerged as a prominent issue in the crypto sector as separate blockchains and isolated DeFi platforms need a way to communicate with …