Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel. Among the factors limiting the rally is the regulatory uncertainty in the United States. Anne Termine, a partner in the government enforcement and investigations practice at Bracewell LLP and former chief trial attorney at the Commodities Futures Trading Commission (CFTC), said that “there …

Nonfungible tokens (NFTs) and the marketplaces they trade on have been the talk of the cryptoverse for a while now. Even amid the peak of the bull run, the hype for NFTs is not decreasing. It is arguable to say that the traction they are gaining is at an all-time high right now and continues to climb higher. The NFT industry generated $10.67 billion in trading volumes during Q3 of this year, marking a 704% increase from Q2, according to a report by DappRadar. Out of this, blockchain networks Ethereum and Ronin accounted for 77.73% and 19.53% of the numbers, …

A Dallas Mavericks fan won $100,000 in Bitcoin (BTC) after making a series of shots in a National Basketball Association (NBA) shootout event sponsored by crypto brokerage firm Voyager Digital. Isaiah Stone, the winner of the basketball shootout, completed all stages of the challenge that included a free throw, a three-pointer and a half-court field goal. According to the Dallas Mavericks, the Voyager-sponsored prize money was the largest on-court promotion for the team. #MFFL, Isaiah Stone, just won the LARGEST cash prize ever hit for an on-court promotion on the Dallas Mavericks court‼️ He went home with $100k worth of …

Cryptocurrency exchanges Coinbase and Crypto.com are now two of the most downloaded apps for the U.S. Apple App Store, topping the charts at first and third place, respectively. According to the Top Charts list on the Apple App Store, Coinbase has regained its position as the most popular app in the United States ahead of TikTok. However, Crypto.com’s app has surged in number of downloads today to jump ahead of both YouTube and Instagram, moving from 5th to 3rd position in a matter of hours. Robinhood’s app, which has previously held positions in the top ten, sits at #48 under …

Being a trader, even a very experienced one, is not an easy job, especially in the crypto industry. The stress of making decisions under pressure and in a very short period of time takes a toll on you. This is when trading tools and charts come in handy. TradingView, an online data platform, is a very popular and useful tool for traders. They use it to track prices and analyze stocks, bonds, indices, cryptocurrencies, and other assets. Novice traders can use TradingView’s insights from experienced traders to make better trading decisions. For experienced users, the platform can become an essential …

Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target. Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research note published on Tuesday, Oct. 26. Citi has given COIN a bullish price target of $415 which is substantially higher than Monday’s closing price of $319. The analyst stated that the stock offers investors “direct exposure to increased retail and institutional adoption of cryptocurrencies.” The multinational banking giant sees the potential in Coinbase as the company makes continued efforts to expand its operations beyond …

With a reputation for being one of the most pro-crypto nations in the world, it comes as no surprise that a vast majority of Singaporeans have invested in cryptocurrency. According to a recent survey from the 2021 Independent Reserve Cryptocurrency Index, 66% of those polled between the ages of 26 to 45 said they owned cryptocurrencies. Coinhako, a Singapore-based crypto exchange, reported a 700% increase in the number of users trading on its platform during the first half of 2021. The platform reported seeing “a greater appetite for crypto from millennials” based on its active customer base, which mainly consists …

Playboy to release tokenized bunnies into the wild PLBY Group Inc, the owners of the raunchy lifestyle magazine Playboy, unveiled a new nonfungible token (NFT) project consisting of 11,953 unique 3D animated bunny avatars. According to a Wednesday announcement, the number of NFTs pays homage to Playboy’s founding year of 1953, and the tokens will serve as “keys to a reimagined Playboy Club,” which gives the owners access to exclusive events, content and merchandise. The launch of the Ethereum-based NFTs begins on Sunday, with a pre-sale for whitelisted investors until Tuesday. Two public sales launch the following day, one for …

Major cryptocurrency exchange Coinbase has inked a deal with the National Basketball Association, giving the platform the opportunity to educate basketball fans on crypto. In a Tuesday announcement, Coinbase said it would become the exclusive cryptocurrency platform partner of the National Basketball Association, or NBA, Women’s National Basketball Association, NBA G League, NBA 2K League and USA Basketball as part of a multiyear sponsorship deal. According to the NBA, Coinbase will create “unique content, innovations, activations and experiences” for basketball fans to learn about the crypto space, as well as be a partner of the WNBA Commissioner’s Cup, the USA …

Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the United States and Guatemala on Tuesday. Beginning Tuesday, a small cohort of users in both countries will be able to download the Novi digital wallet app on iPhone or Android devices and add money to their accounts with a debit card. From there, they will be able to send and receive money using Pax Dollar (USDP), a dollar-backed stablecoin issued by blockchain trust company Paxos. Facebook selected USDP in its pilot program because of its …

Bakkt (BKKT), an institutional and retail-facing digital asset platform founded by Intercontinental Exchange, has suffered a drawdown of -6.4% after closing a volatile first day of trading as a publicly listed company. After launching on the New York Stock Exchange at $9.45 on Monday morning, BKKT rose by roughly 3.3% up to $9.77 during its first 30 minutes of trading. However, traders quickly moved to take profits, causing prices to slump by -9.5% down to $8.84. According to Bloomberg, BKKT was trading at $8.76 by the day’s close after having shed almost -7% from its opening. Bakkt went public via …

Leading United States cryptocurrency exchange Coinbase has announced three new listings on its Pro exchange, predictably causing the tokens’ prices to pump. On Tuesday, Coinbase Pro announced new listings in Arpa Chain (ARPA), Bounce (AUCTION) and Perpetual Protocol (PERP). It confirmed that trading will become available on or after 21:00 PT on Tuesday, provided ample liquidity enters the market. The three tokens will be each paired with U.S. dollars, euros and Tether (USDT). While AUCTION and ARPA rallied during the hours leading up to the announcement’s publication to each gain roughly 25% in the past 24 hours, the news appears …