Day: April 14, 2021

Binance Will Launch Coinbase Trading Alongside Nasdaq

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Hours before Coinbase begins trading on Nasdaq, Binance, another top cryptocurrency exchange, has announced the launch of the Coinbase Stock Token on the platform. Binance Launches Coinbase Tokens The stock token listing will follow immediately after Coinbase’s scheduled listing on Nasdaq today.  After the trading pair is open, Binance users will be able to trade the token with zero commissions. Earlier this week, the exchange announced users’ ability to trade a similar stock token in Tesla. The new feature is made possible to a partnership with CM-Equity AG and Digital Assets…

Ethereum Sets New ATH, Here’s Why The Bulls Could Aim $2,500

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Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels. Ethereum is gaining pace above the $2,200 and $2,250 resistance levels. The price is now trading well above $2,250 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards the $2,400 and $2,420…

Kevin Smith sells horror flick rights as NFT, Megadeth’s ETH, farming MEMEs …

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Filmmaker Kevin Smith is releasing his latest horror anthology “Killroy Was Here” as a non-fungible token.  The owner of the NFT will secure the rights to exhibit, distribute, and stream the work, making it a revenue generator outside of just a resale. The filmmaker said on Twitter that: “Back in 1994, I took my first flick to Sundance to sell it. Now in 2021, I’m taking my new flick to CRYPTO to sell it!” Smith, who will auction off his work on his independent crypto gallery ‘Jay and Silent Bob’s…

3-year-old Bitcoin educator interviews Michael Saylor

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Three year old Lily Knight, “the world’s youngest Bitcoin educator,” interviewed billionaire MicroStrategy founder Michael Saylor for her YouTube channel in a video that dropped April 13. In the interview, Lily noted that Saylor’s accumulation of more than $2 billion worth of Bitcoin since August 2020 had been a “ballsy move.” The toddler and unconfirmed “hodler” became something of a vial sensation in the crypto space in mid February after she (aided by her parents) published a video explaining Bitcoin’s dynamics using Skittles candy. The video caught the attention of…

Here’s Why Bitcoin Price is Signaling Upside Continuation To $65K

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Bitcoin price started a fresh increase and it cleared the $62,000 resistance against the US Dollar. BTC traded to a new all-time high near $63,862 and it is likely to continue higher. Bitcoin extended its rise above the $62,000 and $63,000 resistance levels. The price is now trading well above the $62,500 level and the 100 hourly simple moving average. There is a bullish continuation pattern forming with resistance near $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher…

Exodus Wallet raises almost $60M in crypto in regulated offering

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Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering. Exodus Movement, Inc., a firm based in Delaware, began selling stock on April 8 in a sale that was approved by the U.S. Securities and Exchange Commission (SEC). The shares were listed for $27.42 apiece with a maximum investment of 2,733,229 shares. According to an April 12 report, the offering will close once the maximum offering amount of $75 million has been reached. The crypto wallet company…

The Bearish Bitcoin Chart Bulls Definitely Don’t Want To See

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Bitcoin price today set a new all-time high, and tomorrow Coinbase goes public putting an even bigger spotlight on the already buzzing cryptocurrency industry. Things couldn’t possibly look more bullish for Bitcoin and the rest of the market, but the recent price action could resemble one market wizard’s schematic of what “distribution” should look like. Here’s the chart that anyone bullish on Bitcoin might not want to see. The Various Phases Of A Crypto Market Cycle All markets are cyclical, and crypto is no different. The entire asset class sans…