Day: May 11, 2021

Doge Statue Stares Down Wall Street’s Charging Bull

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Key Takeaways A Shiba Inu statue has been placed in front of Wall Street’s famous Charging Bull statue as a challenge to traditional finance. The statue was placed on May 8 by its owner. Dogecoin creator Billy Markus drew further attention to the statue today. Despite Dogecoin’s rapid rise in value over the past year, some fear that the coin’s success is not sustainable. Share this article A Shiba Inu statue representing Dogecoin has been placed in front of Wall Street’s famous Charging Bull statue, according to reports. Dogecoin Creator…

Tesla May Accept Dogecoin, Judging By Twitter Poll

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Key Takeaways Tesla CEO Elon Musk has asked his Twitter followers if Tesla should accept Dogecoin (DOGE) as payment. Approximately 80% of respondents are in favor of the option. Musk has not yet confirmed whether Tesla officially plans to accept the coin; more details may emerge when the poll ends. Share this article Tesla CEO Elon Musk has asked his Twitter followers if they want to see the firm accept Dogecoin, implying the electric vehicle company may soon add the cryptocurrency as a payment option. Almost 80% In Favor of…

The Bearish Signal Ethereum Bulls Need To Fear

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Ethereum is above $4,000 and has hit a price level that’s nearly three full times the altcoin’s previous all-time high set years earlier. But could a full year’s worth of incredible profits and ROI be potentially leading bulls right off a cliff? Several potentially bearish signals have appeared on Ethereum price charts that could suggest the bull market is nearing its conclusion, and that a deep retracement could follow. Ethereum Reaches $4K Resolution As Bitcoin Goes Static Just like Bitcoin, crypto investors have almost no interest in selling their ETH…

Kazakhstan’s government to create roadmap for developing crypto market

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Kazakhstan’s government forming a roadmap to stimulate the development of the cryptocurrency industry and blockchain technology in the country. State authorities have reviewed proposals to address the crypto industry’s development and reconsider the state’s approach to regulating crypto operations, according to a Tuesday announcement on the website of the Prime Minister of Kazakhstan. Officials have proposed to run crypto exchanges via a major national financial hub, the Astana International Financial Centre. The government also suggested establishing standards by which crypto exchanges can interact with local banks and clients. The new…

Shiba Inu hits another exchange as SHIB deposits overwhelm Binance

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Shiba Inu (SHIB) was listed on three different cryptocurrency exchanges in the past 48 hours, after an explosive 966% surge in the same time frame sent the token to 18th in the market cap rankings. Self-described as the “Dogecoin Killer”, Shiba’s instant addition to Binance on May 10 surprised onlookers, many of whom expected a more in-depth listing process by the world’s largest crypto exchange. What’s more, the fact that 50% of the SHIB token supply is in the hands of one individual made Binance’s decision to list the token…

Axie Infinity player buys two houses in the Philippines from in-game profits

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An Axie Infinity player from the Philippines bought two houses with his earnings from the popular crypto-powered play-to-earn game. Earlier this month, 22-year-old John Aaron Ramos, who plays under the pseudonym “Magnus TV,” took to social media to announce that he had purchased two houses in the Philippines from profits earned playing Axie Infinity. In the post, Ramos attributes the purchases to the surging price of Axie’s in-game token Smooth Love Potion (SLP), which rallied 940% from $0.035 on April 24 to more than $0.364 on May 2. SLP has…

Dfinity’s ICP token sees violent first day of trade on major exchanges

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The launch of the Internet Computer utility token has seen a wild first day of trading after its long-awaited debut on exchanges. The ICP token from Dfinity was listed on Coinbase Pro and several leading exchanges including Binance, Huobi Global, and OKEx on May 11. Over four hours, prices for the newly launched token have swung from an early intraday high of $700 down to $250, before recovering 70% over 10 hours to trade for $425 at the time of writing. Coingecko estimates $1.8 billion worth of ICP tokens have…

Crypto Twitter decodes why Zuck really named his goats ‘Max’ and ‘Bitcoin’

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Mark Zuckerberg, the Co-founder of Facebook has riled excitement across the crypto community after taking to social media to announce two of his pet goats have been named “Bitcoin” and “Max.” Zuckerberg announced the curious names for his pet goats in a May 11 Facebook post stating: “My Goats: Max and Bitcoin.” Crypto-Twitter has been whipped into frenzied speculation in response to the goats’ names, with analyst LilMoonLambo Tweeting to their 97,000 followers: “You have two weeks to accumulate as much $BTC as you can before Mark Zuckerberg announces that…

Ethereum Trims Gains, Here’s What Could Trigger Larger Decline

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Ethereum traded to a new all-time high above $4,200 before correcting lower against the US Dollar. ETH price is now trading well below $4,000, with a few bearish signs. Ethereum extended its rally above $4,000 and it traded to a new all-time high near $4,215. The price is now correcting below $4,000 and testing the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue…

Ether balances on centralized exchanges fall to lowest level since June 2019

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According to analysis from on-chain analytics provider Glassnode, the sum of Ethereum on exchanges has fallen to its lowest level for almost two years. Glassnode estimates that just 13.3 million Ether is currently held on centralized exchanges, the lowest it has been since June 2019. As such, centralized platforms hold roughly $52.4 billion worth of ETH or 11.5% of Ethereum’s entire supply. #Ethereum $ETH Balance on Exchanges just reached a 23-month low of 13,384,235.936 ETH View metric:https://t.co/1dCpD2ey8E pic.twitter.com/FGZHqXr3Pa — glassnode alerts (@glassnodealerts) May 10, 2021 The number of Ether on…