Reddit co-founder Alexis Ohanian will be investing in decentralized social media using the Solana blockchain.
The post Reddit co-founder to invest $50 million in social media on Solana appeared first on The Block.
Compass Mining starts a marketplace for retail miners to sell their mining rigs in the secondary market as the prices for miners rise.
The majority of DEX users are professional crypto traders looking for “new sources of alpha,” said one analyst.
WOO Network is betting on deep liquidity to break into the crypto exchange landscape.
Discord CEO Jason Citron has hinted that the chat app could connect to Ethereum via wallets such as MetaMask.
The post Discord CEO hints at integrating Ethereum via wallets such as MetaMask appeared first on The Block.
Australian bitcoin miner Iris Energy plans to raise up to $223 million from its Nasdaq IPO.
The global standard-setter for banking regulation’s proposed capital requirements for crypto assets were criticized by leading global banks.
Central bank digital currencies (CBDCs) are “likely” to become legal tender in the jurisdictions of their issuance, the ECB’s Fabio Panetta said.
SNB has completed testing of a wholesale CBDC with Swiss exchange SDX, and is technically ready to go live, according to governing board member Thomas Moser.
Bitcoin’s breakout above $63,300 on Monday to all-time highs is “constructive technically” and should see prices rise to $72,000 initially and then $77,600, according to FSInsight, a markets strategy and research firm.
FSInsight notes that bitcoin momentum isn’t overbought yet on daily or weekly timeframes.
Read more: Bitcoin Soars Past $68K for the First Time as Ether Also Sets Record High
A breakout in bitcoin’s market-cap dominance chart means it may outperform altcoins in the near term, FSInsight said. This “represents a likely shift to higher market capitalization into bitcoin than altcoins in the near future.”
Bitcoin and ether cycles “show upward progress into end of November before a peak in price that could persist into 2022,” FSInsight said.
Read more: Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Chainlink is also attempting to move above its recent price range, and FSInsight’s first target is $43.70 followed by $52.45.
A close in litecoin above $209.49 opens the way for a move to $259 then $295.60, according to FSInsight.
Bitcoin was trading about $67,600, ether $4,800, litecoin $250, algorand $1.97 and chainlink $35 as of publication time.
