Bitcoin (BTC) has staged a smart recovery in the past few days and the interest in the crypto sector seems to be picking up. JPMorgan Chase has added access to a new Bitcoin fund created by New York Digital Investment Group (NYDIG) for its private banking clients. The increasing number of traditional financial institutions opening up crypto trading opportunities for their clients shows there is strong demand for the sector. On-chain analyst Willy Woo said recently that strong holders had been scoping up Bitcoin and locking “them away for long-term investment”, resulting in a supply squeeze. Woo added that he …

Prominent YouTube star KSI belongs to the group of crypto investors who have made and lost a lot of money during the last Bitcoin (BTC) crash. However, the United Kingdom-based influencer’s latest interview showed his continued support and belief in the Bitcoin ecosystem. Answering the hypothetical question of “if you were prime minister,” KSI — aka Olajide Olayinka Williams “JJ” Olatunji — shared his interest to “give everyone £100 worth of Bitcoin” in the form of a stimulus package. Claiming to back the crypto ecosystem, KSI said: “I think Bitcoin is the future. It’s definitely going to be long term, …

Ether’s (ETH) price rallied 50% leading in the London hard fork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset. Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to “flip” Bitcoin (BTC) as the leading cryptocurrency, but this is a topic under heavy contention. To understand the impact of the recent price movement, traders should analyze the weekly options expiry. Deribit derivatives currently hold an 86% market share in this segment, and the aggregate open interest for Friday currently stands at …

Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) on Aug. 5 after the successful launch of Ethereum's London hard fork and a series of new Bitcoin exchange-traded fund filings, resulting in a rally that propelled BTC's price 9% higher and caused Ether to gain 11.75%, which pushed the altcoin closer to the elusive $3,000 level. Data from Cointelegraph Markets Pro and TradingView shows that after an early morning sell-off that saw BTC fall to $37,280, the bulls stepped in, and the ensuing high volume spike sent BTC price to an intraday high of $40,775. Recent comments from …

On June 2, 2021, Miami Mayor Francis Suarez tweeted that “MiamiCoin” will be the first “CityCoin” ever to be launched, representing Miami’s very own cryptocurrency. Fast forward about two months later and the anticipation surrounding the release of MiamiCoin has been on the rise. Initially, it may appear as if the Magic City’s digital currency will function just like other cryptocurrencies that can be bought, sold and traded to profit both investors and the city of Miami. Yet, “MiamiCoin” is quite unique from other digital currencies. A developer platform for cities Patrick Stanley, founder and CEO of CityCoins — the …

The private stablecoin market will surge parabolically in the next four years despite the existing regulatory uncertainty, Unstoppable Domains CEO Matthew Gould believes. In a Thursday interview with Business Insider, Gould predicted that the stablecoin market would hit $1 trillion by 2025 to see roughly a tenfold increase from around $115 billion at the time of writing. “We may even do it quicker than that,” the CEO noted, adding that the global stablecoin adoption will be partly driven by the growing acceptance of decentralized finance applications. “The more people with stablecoins in the pocket, the more people who can participate …

Demand for Aave has boomed dramatically in the previous 24 hours as traders assessed its involvement in Bitwise Investment’s upcoming institutionally focused investment vehicle. The San Francisco-based asset management firm announced Wednesday that it would invest directly in Aave to back its “Bitwise Aave Fund,” a fund created to build a bridge between accredited investors and the emerging decentralized finance (DeFi) sector. “There is growing demand from financial advisors, hedge funds, institutions, and other professional investors for exposure to the fast-growing DeFi markets,” Matt Hougan, chief information officer of Bitwise, said in a press release, adding that the investment products …

In what seems like an ongoing streak toward market penetration, prominent crypto exchange FTX has launched support for Binance Smart Chain BEP-20 tokens within its wallet services. While no official announcement was made, FTX CEO Sam Bankman-Fried confirmed the development by saying: “Ftx.com/wallet now supports BSC for BUSD and BNB! (Withdrawals are live — I *think* deposits are; otherwise they will be very soon.)” Based on the information available, FTX wallets now actively support withdrawals for Binance USD (BUSD) and Binance Coin (BNB), both native to the Binance Chain. The company will soon enable users to make deposits via BSC …

Ethereum advocates are bubbling with anticipation over the upcoming London hard fork, which is scheduled to take place at block height 12,965,000 on Thursday. Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH) rallied from a low at $2,450 in the early hours on Wednesday to an intraday high at $2,772 for an 8.2% gain on the day. One of the most common occurrences in the crypto market is a large price run-up ahead of a major news announcement or protocol upgrade, which is subsequently followed by a price dump, as those who got in …

Bitcoin (BTC) price has recovered from its recent $37,500 low and the digital asset's run back toward the $40,000 mark spurred bullish activity from many altcoins. Data from Cointelegraph Markets Pro and TradingView shows that the top gainers over the past 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT). XYO/USD In the past 24-hours, XYO Network, a location-based data network that uses blockchain to track and record location information, rallied by 72%. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XYO on Aug. 2, prior to the recent price rise. The VORTECS™ …

The price of Axie Infinity's native token AXS surged on Wednesday despite a lackluster upward momentum elsewhere in the cryptocurrency market. The AXS/USD pair rose to as much as $44.96 following a 16.44% intraday jump. Nonetheless, the strong upside move came as a part of a sideways trend that saw AXS fluctuating inside the $36.48-$56.57 price range, hinting that traders placed speculative upside bets on the token. Axie ecosystem swells Axie Infinity's growth as a gaming project provided bullish cues to speculators. Data provided by Axie World showed that Axie Infinity earned $196.89M in July 2021. Meanwhile, so far in …

The importance of storage and passwords is best known by crypto enthusiasts who know how easy it is to lose access to their digital assets. A recent survey conducted by Cryptovantage named “Coin Storage Security: A closer look at crypto storage and passwords” aimed to identify investors’ sentiment toward the safekeeping of their crypto investments. Based on 1,021 United States-based cryptocurrency owners’ responses, most choose to store their digital investments on crypto exchanges, with Coinbase sitting in first place at 34.7%. Wallets from Binance and Robinhood also hold a large user base for storing crypto at approximately 25% and 26%, …