Trading

Polygon (MATIC): Bulls Ready to Battle $2.5 ATH Resistance

Polygon (MATIC): Bulls Ready to Battle $2.5 ATH Resistance

The Polygon chart displays steady technical upsurges with new higher lows and highs. The previous 24hrs saw the alt gaining 10% and tried to break past an all-time high resistance level at $2.5. MATIC will witness a massive bullish rally if it reclaims this zone. Vital Technical Points 100-day exponential moving average (EMA) offers reliable dynamic support for MATIC's price. The daily RSI actions struggle to match the bullish price push. Polygon's 24hr trading volume gained 43.1% to $3.05 Billion. Polygon has resonated in a climbing parallel channel formation. The increasing bullish action by the alt has pushed the pattern's…
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Famed Auction House Christie’s Hit 9 Figures In NFT Sales In 2021

Famed Auction House Christie’s Hit 9 Figures In NFT Sales In 2021

Christie's has declared their expected earnings of over $7 billion this year. The figure is the auction house's third-highest yearly total. Notably, $150 million of this revenue came from the sale of NFTs. NFTs were only incorporated this year as a category at Christie's.  Rejuvenation In Auction Business  The revenue stream though was still largely created by traditional art. Christie's also auctioned off the most expensive art this year, a Picasso that sold for over $100 million in the summer. Only Sotheby did better in revenue this year with a $200 million difference. This year's figure takes a jump from…
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First Swiss Digital Asset Custody Creates Token Backed By Gold

First Swiss Digital Asset Custody Creates Token Backed By Gold

SEBA, a Swiss bank that touts itself as the future bank, has created a digital gold token backed by actual gold. The bank CEO, Guido Buehler, said that gold has always been an essential commodity in financial markets, citing the commodity’s impressive market cap, which lies in trillions of dollars. Buehler revealed that gold had proven to be a trusted shield against inflation as well as a significant investment to protect capital. The Concept And Potential Benefits Today, the firm launched the digital token, regulated and tied to real gold. The bank disclosed that users could exchange the digital token…
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USDC Incorporated On Avalanche

USDC Incorporated On Avalanche

Financial services and blockchain company, Circle, is creating a version of its stablecoin USDC for the Avalanche blockchain. Incorporating the USDC token is supposed to be done on the Avalanche C-Chain. The token support was announced today and will allow users conduct all types of USDC transactions on the network without interacting with the Ethereum blockchain.  USDC’s Growth And Adoption USDC has a current supply of over $40 billion in tokens. It has grown the most in its category; it also has a pool second only to USDT. Currently, it is the most widely used stablecoin on Avalanche. Over a…
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Purchasing Products With Digital Assets Not Against The Law –  Bank Of Thailand

Purchasing Products With Digital Assets Not Against The Law – Bank Of Thailand

A high-ranking executive of the Bank of Thailand (BOT), Sakkapop Panyanukul, made an effort to define the BOT's position on digital assets. Panyanukul revealed that the primary financial institution in Thailand was presently deliberating on guidelines for the emerging market and is in talks with other financial regulatory bodies in the country on the matter. He revealed that the goal of regulations was minimizing the harm to participants in the emerging ecosystem. Panyanukul disclosed that trade was being carried out in Thailand with cryptocurrencies. He said these transactions did not breach any laws. He, however, warned those engaging in these…
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Decentraland (MANA) Primed for Downswings before a 20% Rebound

Decentraland (MANA) Primed for Downswings before a 20% Rebound

Briefly – Decentraland price seems ready to lose the 70.5% retracement zone at $3.47 as its support, confirming downswings. Meanwhile, retesting the next floor at $3.18 might catalyze an 18% surge towards $3.77 However, breaching the range low at $2.47 will nullify the bullish narrative. Decentraland price has chances to present a buying opportunity before buyers launch a comeback to support a minor upsurge. For now, market players need to watch critical support that has a higher probability of triggering a price reversal. Decentraland Price Plans a Comeback Decentraland's MANA plummeted by 41% from the high of $5.89 to its…
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Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

A major cryptocurrency exchange in Canada, Newton, will be delisting the XRP and USDT tokens while the tokens battle regulatory issues. The firm disclosed this in an article earlier today. The exchange disclosed that the delisting would go through stages. Newton XRP And USDT Delisting Stages The first stage would see the exchange disable transfers for the native Ripple token and Tether. Transfers for XRP and Tether will end on the 20th of December by 11:59 pm Eastern Time. The implication is that users can no longer send any of these tokens to their Newton wallets after the 20th of…
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Massive Dump As Whales Sell Off $400 SHIBA In 24 Hours

Massive Dump As Whales Sell Off $400 SHIBA In 24 Hours

In the last 24 hours, Shiba Inu holders were thrown into a panic as the coin experienced a massive drop in whale holdings. The strong sell-off was a late bearish trend following the general market crash that happened on Sunday. The general bearish trend, which was thought to be recovering, has continued for days. Over the last 24 hours, whales sold off millions of dollars worth of SHIBA tokens. The sell-off means that Shiba Inu is no longer first on the list of coins with the biggest whales. Surprisingly, it only held that position for days; it was just last…
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