Author: David Nolan

Bitcoin (BTC) briefly crossed the $70,000 mark on Monday morning before dumping to $66,000, but analysts at the crypto exchange Bitfinex say the leading digital asset may pull back even more in the coming days. According to the latest Bitfinex Alpha report, bitcoin’s possible decline may be caused by significant downward pressure on implied volatility in the options market. The State of Bitcoin’s Options Market After United States President Joe Biden dropped out of the 2024 presidential race a week ago, volatility returned to the crypto market, with implied volatility in BTC options contracts surging to a four-month high of…

The popular Canadian payment processing company, Interac, has recently acquired the exclusive Canadian rights to utilize Vouchr’s innovative multimedia platform in its operations. Representing a highly strategic move, this acquisition has been carried out to enhance the service and provide a more personalized experience for its users. In 2022, Canadians named Interac the most respected technology service provider in Canada for the second year running, demonstrating the clear and continued success of the platform. The fintech world continues to evolve and innovate at an incredible pace, and this is just one of many recent developments in Canada which demonstrate the…

The crypto market is again all shades of green, with Bitcoin and altcoins enjoying significant rallies. Crypto analyst Capo of Crypto has provided further optimism, suggesting that these tokens will still make more massive moves to the upside. “The Best Is Yet To Come” For Bitcoin Capo of Crypto opined in an X (formerly Twitter) post that the “best is yet to come” for Bitcoin and altcoins. He noted that Bitcoin is pumping, having reclaimed the $60,000 range as support. The crypto analyst added that altcoins also seem to have found their local bottom, meaning they are well-primed for massive…

Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This move marks its first venture following its initial launch earlier this year. Kraken Custody’s Expansion According to the official press release, institutional clients in the UK and Australia can utilize Kraken Custody to securely store, manage, and transfer their crypto assets starting July 18th. Commenting on the platform’s decision to expand its foothold, Tim Ogilvie, Head of Kraken Institutional, said, “Kraken has long had a strong presence in the UK and…

Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a week when Bitcoin stumbled under the weight of German economic policies. Related Reading Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of them are focusing on a possible $5,000 milestone. A Test Of The Market There were tremors felt in the cryptocurrency market when the German government decided to sell about 5,000 BTC, or 90% of its Bitcoin holdings. As Bitcoin struggled to maintain values over $57,000,…

DWS plans to have its euro-pegged stablecoin live by 2025. The €941 billion ($1.02 billion) assets management firm recently launched a new company called AllUnity that will unveil the stablecoin. Deutsche Bank-owned asset management firm DWS is planning to release the first euro-denominated stablecoin in Germany, according to Reuters. Per the report, DWS has created a new platform to be regulated by the Federal Financial Supervisory Authority (BaFin) and which will unveil the euro-pegged stablecoin by 2025. DWS recently launched AllUnity Stefan Hoops, the CEO of DWS, said the new company set to launch the new stablecoin is called AllUnity.…

Shares of Bitcoin mining company IREN, formerly known as Iris Energy, tumbled by 24% on the Nasdaq following a report from short-seller firm Culper Research. The paper, released on July 11, labeled the company as “wildly overvalued” and suggested its stock should be valued 52-79% lower than its current market price. HPC Plans and Underinvesting Following the report, according to Google Finance data, IREN’s shares fell 24.5% to $10.36 before partially recovering to $11.20 by the end of trading hours. Culper Research accused the company of making grandiose claims about its high-performance computing (HPC) plans while underinvesting in the necessary…

Shiba Inu-inspired meme currency Floki Inu (FLOKI) is tailing back into crypto prominence. Rising price, creative ideas, and a charitable inclination are driving FLOKI’s comeback in popularity following a fairly quiet time. But you should be aware of the possibilities and drawbacks of this meme-tastic asset before you let your inner puppy investor loose. Related Reading From Burj Khalifa Billboards To Building Schools: Floki Inu’s Tail Wags Charity Unlike most meme currencies depending just on viral trends and celebrity tweets, Floki Inu shows a more deliberate approach. Unconventional marketing initiatives like running advertising on the Burj Khalifa, the world’s highest…

Valora launches “Mobile Stack” to enable mobile-first Web3 DApp development on iOS and Android. Mobile Stack aims to improve UX and accessibility in the Web3 ecosystem. Initial apps to launch on Mobile Stack include “Troopo” and “ChatGPT Data DAO.” Valora, a peer-to-peer payments firm, has launched a groundbreaking decentralized, permissionless, and open protocol launchpad for Web3 decentralized applications (DApps) on iOS and Android dubbed “Mobile Stack.” The Mobile Stack aims to extend Valora’s reach of Web3 beyond its current crypto-native audience. It offers a user-friendly platform designed to simplify the deployment of mobile-first DApps, addressing the gap in mobile-native experiences…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…