Day: June 1, 2021

Coinbase Pro Will Begin Trading Dogecoin On Thursday

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Key Takeaways Coinbase Pro is planning to initiate Dogecoin trading on June 3. Dogecoin deposits are open starting today (June 1). Coinbase will open Dogecoin trading on its retail platform, Coinbase.com, at a later date not yet announced. Share this article Coinbase Pro will initiate Dogecoin trading on June 3, as revealed in a new blog post from the cryptocurrency exchange. Trading Begins in Two Days Coinbase says that it will enable Dogecoin trading on June 3 at 9:00 a.m. PST, assuming that liqudity is sufficient. Users can also deposit…

Dogecoin Music Festival Gets Backing From Elon Musk

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Share this article The Dogecoin community has proposed a DOGE-themed music festival to celebrate the cryptocurrency’s recent success. Dogepalooza Is On the Way The festival is being coordinated under the name Dogepalooza, and it is seeking out vendors, volunteers, and sponsors. The Dogecoin userbase is inviting crypto-friendly celebrities to participate in the festival, including Tesla and SpaceX CEO Elon Musk, musician Grimes, rapper Snoop Dogg, and entrepreneur Mark Cuban. All of those celebrities have previously expressed support for Dogecoin or cryptocurrency in general. So far, only Elon Musk has responded…

Bitcoin Could Crash Further, Says JP Morgan

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Key Takeaways A JP Morgan analyst says that Bitcoin’s fair value is between $24,000 and $36,000 following the recent market correction and cooling interest in the asset. The note says that rising volatility is to blame for the recent loss of interest from institutions. JP Morgan will soon join the likes of Morgan Stanley and Goldman Sachs to start offering Bitcoin products to rich clients. Share this article May 2021 was Bitcoin’s worst-performing month since 2011, but an analyst from American bank JP Morgan believes the asset could trend lower…

Why Bitcoin Could Sweep Lows Before A Bounce

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Bitcoin price is consolidating above $35,000, trying to build enough support to make an attempt at returning to local highs. Once there, if or not the bull run is still on will become a lot clearer. But before that happens, there could be one more deep sweep of lows, according to a highly accurate market timing indicator. Here’s what the TD Sequential indicator – created by market timing wizard Thomas Demark – says about the current price action and what to expect in the days ahead. Why Bitcoin Price Could…

Panther Protocol Raises $8M for DeFi Privacy Solution

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Key Takeaways Panther Protocol has raised over $8 million from over 140 investors for its privacy-focused DeFi solution. The protocol will allow users to mint 1:1 collateralized privacy-preserving synthetic assets. Leveraging zk-SNARKs, such assets obfuscate all the information involved in an on-chain trade. Share this article Panther Protocol, an end-to-end privacy protocol that can be used across DeFi, has raised $8 million from over 140 investors in a private token sale. Panther Offers DeFi Privacy Panther Protocol, one of DeFi’s latest privacy-preserving solutions, has raised $8 million in a funding…

UK Starling bank to resume crypto exchange deposits in late June

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Starling, a United Kingdom-based online bank, is preparing to resume payments to cryptocurrency exchanges after suspending crypto exchange deposits last week. A spokesperson for Starling told Cointelegraph on Tuesday that the bank is set to restart payments to crypto exchanges on June 23 after temporarily suspending the feature as a measure to protect its customers. Starling blocked payments to some cryptocurrency exchanges last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.” The bank said that it will reverse the measure after adopting “additional checks…

Bitcoin and Ethereum fees slump to six-month low

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The transaction fees of Bitcoin and Ethereum have slumped to six-month lows as the markets cool after the recent crypto downturn. According to BitInfoCharts, the average price of performing a transaction using Bitcoin has fallen from an early-April all-time high of $62.77 to around $7.20 — an 88% drop over just six weeks.  Bitcoin average transaction fees – BitInfoCharts The falling Bitcoin transaction fees appear to have been driven by a decline in overall market activity, with daily volumes evaporating from more than $67 billion on May 10 to $30…

Ethereum Gains Traction, Why ETH Could Soon Retest $3K

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Ethereum gained pace above the $2,550 resistance zone against the US Dollar. ETH price is trading in a positive zone and it could rally if it breaks the $2,750 resistance. Ethereum is slowly moving higher and it broke the key $2,500 resistance zone. The price is now trading well above $2,500 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if it breaks the main $2,750…

Miami crypto conference predicts attendance exceeding 50,000

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The Bitcoin 2021 conference in Miami has been touted as the largest Bitcoin event in crypto history, with organizers expecting a huge turnout. The event, running for three days from June 3 at the Mana Convention Center in Miami’s Wynwood neighborhood, will play host to a number of industry executives and personalities. Crypto luminaries schedled for attendance include former congressman Ron Paul, MicroStrategy CEO Michael Saylor, pro-crypto Wyoming Senator Cynthia Lummis, Square co-founder Jack Dorsey, and cryptographer Nick Szabo, among others. The organizers are expecting more than 50,000 attendees, according…