Top 5 Crypto News: 02/19 – Cryptocurrency News

Top 5 Crypto News: 02/19 – Cryptocurrency News

Let’s find out some interesting crypto news for today.

Animoca Brands partnered with Polygon (previously Matic Network) to bridge the REVV Token to the Polygon chain. Moreover, Animoca Brands leads the realm of digital gaming and artificial intelligence space. REVV is the ERC-20 utility token created by Animoca Brands for branded motorsports blockchain games. Animoca will deploy the REVV-based blockchain product, F1 Delta Time, on Polygon. Additionally, this deployment will help players to do fast transactions efficiently with lower transaction fees. The team also has plans to launch a bridge for REVV NFTs between Polygon and Ethereum which results in Polygon Network-minted NFTS that can be sold on Ethereum.

Harmony partnered with Reef Finance for DeFi expansion and mass adoption. As per the tweet, Reef users can now access DeFi applications on the Harmony ecosystem through its platform directly. Additionally, users can also utilize Reef’s smart liquidity aggregator and AI-powered yield engine suggestions in the Harmony DeFi ecosystem. Collaboratively, the team will also expand the adoption of decentralized finance and make it available for non-crypto natives.

Danal Fintech integrated Chainlink to support Bitcoin retail payments for merchants. Moreover, Danal Fintech is one of the largest payment gateways in South Korea with over 60,000 merchants. Besides this, Danal initiated a blockchain-based virtual asset payment service named Paycoin. In order to convert Bitcoin to PCI (Paycoin’s digital currency), the Paycoin Wallet will use Chainlink oracles’ transparent and real-time market prices. Additionally, the team also has plans to include other crypto assets, such as Ethereum (ETH), ICON (ICX), and more. Furthermore, additional crypto investment products will also launch in the near future which use Chainlink Price Feeds to provide a valuation to these investment products.

Aave partnered with Hex Trust to entice institutional interest in DeFi. Moreover, Hex Trust is a bond that joins the traditional financial world to the digital assets ecosystem. This collaboration helps Hex Trust to integrate Aave, stkAAVE, and aTokens into Hex Safe, which is an institutional-grade custody platform. Additionally, Hex Trust provides the facility to hold the tokens in its highly secure platform. Furthermore, Aave Protocol integrating into Hex Trust facilitates institutional clients the ability to lend and borrow a variety of digital assets directly from Hex Safe.

In the last bit of crypto news for February 19, the coin of the day is Binance Coin (BNB), which exploded over 60% in the past 24 hours. At the time of publicaion, BNB was trading close to $294.59. Before that, it surged from $48.55 to a high of $317.61 since the start of this month. Moreover, recent developments and the launch of new projects on Binance Smart Chain fueled its market cap to a new all-time high of over $47 billion. In addition, this price surge boosted BNB Coin to flip Tether’s market cap and hit a historical milestone to become the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum.

As per technicals, if BNB stays above $300, then its next target is $345. However, RSI is at 94, which is an overbought zone, and if BNB is unable to sustain current support, then it can further drop to $260 and $206 levels.

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Source: coingraph.uno


Ethereum Approaches $ 2,000, Analysts Say 2021 Bull Run Is Different

Ethereum Approaches $ 2,000, Analysts Say 2021 Bull Run Is Different

Ethereum (ETH) reached its all-time high and approached $ 2,000 for the first time today as momentum returns to transactions.

Data from Cointelegraph Markets and Tradingview showed that ETH / USD is within 4% of the $ 2,000 barrier as of today.

After spending most of February horizontally with a modest upward momentum, the biggest altcoin has woken up again this week. Ether with today’s daily earnings greater than 4%, all-time high which increased to $ 1,930.

In a new market update, Cointelegraph Markets analyst Michaël van de Poppe said if the bulls successfully captured $ 2,000 A potential explosion towards $ 2,200 He predicted that it would happen.

However, the analyst stated that it is important to keep these levels as support in order to prevent a dramatic retreat due to the long time just below this level, however, once again, a very difficult break occurred and so basically that area should be watched at $ 1,820.

Van de Poppe said that $ 1,400 could be reintroduced as a result of a support failure, potentially if Bitcoin (BTC) also sees a correction to its all-time highs.

Ethereum’s gains surpassed Bitcoin in 2021, versus about 85% of BTC / USD. 164% annual gain achieved.

On the other hand, the data coming to light this week sheds light on long-term off events that can help Ether’s rapid rise.

Withdrawal data for Coinbase, published by Ki Young Ju, CEO of on-chain analytics service CryptoQuant, leaves the exchange for private wallets in 2020 of three very large tranches of about 200,000 ETH shows that it exists.

These could take the form of large-volume investors closing over-the-counter (OTC) deals, similar to those previously observed with Bitcoin, according to Ki.

In addition to the chart showing the transactions, the CEO reminded that there were three consecutive major ETH exits from Coinbase cold wallets last year, and stated that although they are speculative predictions, these may be OTC deals for institutional investors such as BTC Coinbase exits.

Suggesting that setting alerts to track similar behavior can be beneficial if this is a trigger for price performance, Ki said in another tweet today that ETH reached an all-time high in 2021, It is progressing differently than it did in 2018 He claimed.

Stating that he saw less money invested and more withdrawn in all exchanges, the analyst underlined that the selling pressure was significantly weaker than in 2018.

The market value of Ether (ETH), which increased 150 percent in 2021, exceeded $ 200 …

Source: coinexc.com

Author: imsicoinexc


CARDANO (ADA) BETTER THAN ETHEREUM & BITCOIN? BULLISH PRICE PREDICTION, Crypto News Update | Coin Crypto News

CARDANO (ADA) BETTER THAN ETHEREUM & BITCOIN? BULLISH PRICE PREDICTION, Crypto News Update | Coin Crypto News

Cardano (ADA) has been skyrocketing in USD value lately. Does it have what it takes to outpace Ethereum (ETH) and Bitcoin (BTC) on the charts too? In today’s video, we update the ADA vs ETH chart and ADA vs BTC chart.

#cardano #ethereum #cryptonews

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Source: coincryptonews.com

Author: Post Author: CoinCryptoNews


Binance Coin Spikes 100% After Threatening Ethereum's Dominance

Binance Coin Spikes 100% After Threatening Ethereum’s Dominance

This week, transaction charges on the Ethereum blockchain grew to a degree that made the decentralized purposes (dapp) working atop it virtually unusable. In some instances, transferring as little as $5 throughout the second-largest public chain began costing as excessive as $300.

With no selection left, most of the dapp builders determined to run the identical operations on a rivaling blockchain community, the Binance Good Chain, a public ledger that provided to do the identical duties Ethereum does at 99 p.c lesser prices. On Wednesday, the BSC blockchain processed about 2.12 million transactions in comparison with 1.26 million on Ethereum.

The sturdy shift additionally appeared as PancakeSwap, a UniSwap ripoff launched atop the BSC blockchain, rivaled Ethereum-based decentralized exchanges, driving a 1,000 percent-plus liquidity surge this 12 months, accompanied by sturdy volumes—from $37 million on Jan. 1 to $1.68 billion on Feb. 19.

…Binance Coin (BNB/USD), a local token within the Binance’s ecosystem, was all the time on the heart of BSC’s developments. Its costs within the US greenback market surged from $42 on January 1 to as excessive as $291 on January 19. Merchants merely noticed holding alternatives by taking cues from the Binance’s enlargement into Ethereum’s turf.

[email protected] ought to take into account transferring to #BSC. Not simple operating with weight in your ankles. Comply with the customers.

— CZ 🔶 Binance (@cz_binance) February 19, 2021

The final 5 days noticed BNB/USD surging by greater than 100 p.c. Ethereum remained pressured beneath the $2,000-level in the identical interval.

Binance Coin hit new all-time highs on booming BSC adoption. Supply: BNBUSD on TradingView.com

Analysts now anticipate the BNB/USD rally to fly additional upward, with the following main targets sitting above the $300-level.

Extra tailwinds for Binance Coin additionally come from the prospect of an general crypto increase, led by Bitcoin’s meteoric rise within the final eleven months. The flagship cryptocurrency surged by greater than 1,200 p.c from its mid-March nadir of $3,858 as establishments realized its safe-haven credentials amid an unsure world financial outlook.

Company homes, together with Tesla, MicroStrategy, Sq., and Bitwise, purchased billions of {dollars} price of Bitcoin to diversify their steadiness sheets with money alternate options. In the meantime, billionaire buyers reminiscent of Paul Tudor Jones and Stan Druckenmiller additionally promoted cryptocurrency as digital gold— a hedge towards a depreciating US greenback.

Bitcoin hits an all-time excessive. Supply: BTCUSD on TradingView.com

As crypto adoption surges, it will increase sign-ups throughout all of the cryptocurrency exchanges. In the meantime, that enhances Binance Coin’s adoption towards its depleting provide fee.

Source: bitcoinflashnews.com

Author: By admin


ETHEREUM PUMPING, 5 DIGIT ETHEREUM PRICE PREDICTION! ETHEREUM 2.0 NEEDED URGENTLY! Crypto News 2021

ETHEREUM PUMPING, 5 DIGIT ETHEREUM PRICE PREDICTION! ETHEREUM 2.0 NEEDED URGENTLY! Crypto News 2021

BACKGROUND ART BY Josie Bellini

This video may contain copyrighted material the use of which is not always specifically authorized by the copyright owner. Such material is made available for research or academic purposes. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, this video is distributed without profit, for research and educational purposes.

Thanks for watching; please like, subscribe, and share!

#bitcoin #crypto #ethereum

Source: cryptolearningvideos.com

Author: by admin


Crypto Trader Elliot Wainman Says This Low-Cap Crypto Asset Built on Ethereum Could Be the Next Big Moonshot

Crypto Trader Elliot Wainman Says This Low-Cap Crypto Asset Built on Ethereum Could Be the Next Big Moonshot

Crypto influencer and trader Elliot Wainman is bullish on a low-cap altcoin that is combining the advantages of decentralized finance (DeFi) and non-fungible tokens (NFTs).

In a new YouTube video, the trader tells his 260,000 subscribers that KIRA Network (KEX) has the potential to grow exponentially as the DeFi and NFT sectors continue to gain traction.

KIRA allows users to earn rewards by staking digital assets while still maintaining full liquidity and custody over those funds while doing so. Users can stake cryptocurrencies, digital fiat and non-fungible tokens (NFTs).

Explains Wainman,

“You don’t have to sell [your assets] or liquidate them to access the value of them… They’re even saying you can take out these assets, use them with leverage here. You can see that they’re really feeding into the DeFi narrative here and we all know derivatives and getting into that world is a ton of value that you can capture.”

The analyst highlights that the project is also working to deploy a unique method of maintaining security on the network.

“They have a really interesting consensus model called multi-bonded proof-of-stake (PoS) which essentially, this is what secures the KIRA network which is its own cross-chain network…”

Wainman also notes that the project aims to integrate with multiple blockchains, helping it compete with those similar projects attempting to free up staked liquidity like RAMP and Stafi, which may currently have larger market caps and awareness than KIRA.

“One of the core things you should know here is that KIRA is integrated with Ethereum, Polkadot, Binance Smart Chain and Cosmos. This… really says a lot about the aggressiveness in which they’re pushing the cross-chain integration of their liquid staking.”

Although KEX was up roughly 50% on the day Wainman published his video and is now currently up 250.7% in the past seven days, Wainman says he remains interested in the project and is bullish on more than just an immediate change in the charts.

“I was always planning to do this segment, I just wanted [KEX] to cool out, but unfortunately, the quality of this project is being recognized. The cat’s a little bit out of the bag, and I figured, ‘Hey, it’s now or never.’ Because I think this thing fits into a lot of really interesting narratives.” 

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Source: dailyhodl.com


Top 5 Crypto News: 02/19 – Cryptocurrency News

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