CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, MONERO News, DEFI News
Bitcoin Price Goes Green, Why $ 35k Is Still A Major Barrier
The bitcoin price started a new rally above the resistance levels of $ 32,500 and $ 33,500 against the US dollar.
After forming a support base above $ 32,000, the price of bitcoin began to skyrocket. BTC broke through resistance levels of $ 32,500 and $ 33,200 to enter a short-term positive zone.
Ethereum holds key uptrend support, why ETH could rise to $ 1400
Ethereum rallied above the $ 1,300 level against the US dollar, but fell around $ 1,375.
After Ethereum traded for just $ 1207, it began new growth. ETH price traded above the resistance levels of $ 1250 and $ 1265 and moved into positive territory.
DogeCoin is 800% the 8th Largest Litecoin Cryptocurrency
DOGE is up more than 830%, trading at $ 0.73 with a market cap of $ 9.5 billion.
In just one day after dropping out of the top 25, DOGE has now entered the top ten crypto listings, leaving giants like Litecoin behind.
With prices rising vertically, DOGE’s price and valuation have increased 8 times in just the last 24 hours. The meme cryptocurrency has caused massive euphoria in the crypto space and has reached several stages.
Coinbase Goes Public With Historic Direct Share Sale
The listing will make the US-based cryptocurrency exchange the first firm in the industry to go public through the sale of shares.
The leading US cryptocurrency exchange intends to become a publicly traded company with a direct listing of its Class A shares rather than a traditional IPO.
DeFi Parsec Platform Launches With $ 1.25 Million Initial Round Led By Polychain
An application has been launched to become a universal trading platform for a decentralized finance system.
Polychain Capital led Parsec’s $ 1.25 million funding round, which was attended by Robot Ventures, Volt Capital, Free Company, as well as Eric Conner, Alex Park and Will Price. Details of the round were included in a Medium post written by founder Will Sheehan and posted on January 28th.
Retailers sue Robinhood over stock restrictions
GameStop, which rallied for several days due to short selling and massive speculation, began to fall after a major retailer imposed a ban.
On January 29, retailers in two US states were suing Robinhood Markets over its decision to prevent purchase orders on GameStop and other so-called “meme promotions” engulfed in the Reddit-fueled shopping frenzy.
Separate lawsuits criticize Robinhood for a decision that immediately affected the affected shares. GameStop, which had been rallying for days due to short cuts and massive speculation, began to fall after Robinhood, a major retail center, imposed a ban.
Visa’s First Quarter Earnings Report Reveals Details Of Its Crypto Strategy
Visa dedicated a section to cryptocurrencies during its first quarter 2021 financials.
In his prepared speech, CEO Alfred Kelly said Visa is poised to make crypto payments safer and more widely used through its partnership approach.
Kelly said Visa plans to work with wallets and exchanges to enable Visa users to purchase crypto assets and also allow users to cash out and shop in fiat currency using their cryptocurrencies.
OCC removes fair access rule for banks
This rule would prohibit US banks from denying service for ideological reasons.
The Office of the Comptroller of the Currency on January 28 put the controversial “access” honest former Acting Comptroller Brian Brooks’ banking rule on hold pending consideration by the new administration.
Brooks’ so-called “fair access” rule was aimed at prohibiting federally registered banks from denying financial services, such as lending to prospective clients, for political or ideological reasons.
Brazilian neobank raised $ 400 million as customer numbers tripled
Nubank, a Latin American neobank startup, raised another $ 400 million.
According to reports, the latest capital injection valued the company at $ 25 billion, making it one of the most valuable financial technologies in the world.
New investors in the company include GIC, the Singapore Sovereign Wealth Fund, and the Invesco fund management team. Existing investors Sequoia, Tencent, Dragoneer and Ribbit also took part.
Grayscale Eyes DeFi: Registers Trusts for Polkadot, Aave and Cosmos
Grayscale Lead Crypto Assets Manager is exploring the possibility of venturing into the DeFi space with Trusts for Aave, Cosmos, Polkadot and Monero.