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Ethereum had seen its balances on exchanges decline through 2021. This happened despite continuous market rallies that sent the digital asset towards all-time highs. Investors had accumulated all through bull rallies instead of trying to dump their coins, leading to reduced supply on centralized exchanges. This was also propelled forward by the growing popularity of …

Bearish Signal: Ethereum Exchange Balances Touch 3-Month High Read More »

To the sound of war drums between Russia and Ukraine, Bitcoin continued its downward spiral on Monday. Over the weekend, the digital currency par excellence lost crucial support below $40,000, and on Monday, it made a low below the next control zone at $37,000. Despite closing near $38,000, the crypto currency is swinging around the …

Bitcoin Bloodbath Continues, Bears Grip Put in Extreme Fear Territory Read More »

Bitcoin has declined o the $37,000 price range signaling what might be the beginning of another stretched-out bear market. The trend keeps pointing towards further downside as investors become warier of the market. However, this has not been much deterrent for institutional money flowing into the market as it has continued to pick up. This

On Tuesday, the Solana-based non-fungible token (NFT) marketplace Magic Eden announced the project is airdropping NFT tickets to existing Magic Eden users and plans to form a decentralized autonomous organization (DAO). On February 21, the Magic Eden project airdropped around 4,000 NFTs to active wallets, and the following day the team announced the DAO roadmap.

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At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since the

Argentina’s businesses are adopting crypto cards as an alternative payment choice. After analyzing an increased circulation of cryptocurrency in South American countries, many wallets establish agreements with famous entities like Mastercard and offer attractive benefits to customers.  Since last year, only three companies have promoted the crypto cards facilities; Belo became the third company by

Per an official press release from its developer Matter Labs, Ethereum’s second-layer scalability solution Zero-Knowledge (zk) Sync on its second iteration has been deployed on this network testnet. The first EVM-compatible ZK Rollup to enter this phase, zkSync 2.0 will: (…) allow developers to build and deploy decentralized applications in a low-fee, highly scalable layer-2

Despite a nearly global market dip, the Komodo token’s price jumped as news broke that the project would soon add support for more than a dozen blockchains. The company has plans to launch a new collection of NFTs. With cross-chain bridges, we can communicate between blockchains more efficiently. However, this creates vulnerabilities that need to …

Komodo Reformed Amid Market Gloom Read More »

Komodo (KMD) coin prices have jumped 5% amid the global crypto bloodbath and despite…
The post Komodo (KMD) up 5% in 7 days: factors behind the jump as a majority of coins drop appeared first on Coin Journal.