$60K Bitcoin price back in sight after Morgan Stanley and Fed announcements

Optimism returned across the cryptocurrency market on March 17 following a brighter economic forecast from the U.S. Federal Reserve and comments which hinted at the possibility of an interest rate hike in 2022 if employment and economic indicators continue to improve.  Data from Cointelegraph Markets and TradingView shows that Bitcoin struggled below the $57,000 level during early trading hours until the announcement from the U.S. Federal Reserve sparked a rally which took BTC to an intraday high of $58,243. BTC/USDT 4-hour chart. Source: TradingView Bullish momentum for the top cryptocurrency began…

French retail giant will launch Tezos-based stablecoin

Groupe Casino, a 120-year-old retail company headquartered in France, will reportedly be launching a stablecoin pegged to the Euro. According to journalist Grégory Raymond, the French retail giant will be launching the stablecoin to use in its stores’ loyalty programs as well as for trading. Groupe Casino oversees more than 11,000 stores in France and Latin America. The coin has reportedly been developed using the Tezos protocol in partnership with crypto exchange Coinhouse, accounting firm PricewaterhouseCoopers, stablecoin infrastructure provider Sceme, research and development firm Nomadic Labs, and financial services group…

Kyber Network (KNC) gains 40% as its 3.0 network launch approaches

The explosion of interest in non-fungible tokens over the past two months has taken some of the attention away from the decentralized finance sector but this doesn’t mean that some projects are not seeing bullish breakouts. One project that has continued to work on expandin the capabilities of its ecosystem is the Kyber Network (KNC), an on-chain liquidity protocol that aggregates liquidity from multiple sources to enable instant token swaps on any decentralized application (DApp). KNC/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets and TradingView shows that the price…

Visa Is Planning To Enable Cryptocurrency Transactions

Key Takeaways Visa is planning to add support for cryptocurrency buying and spending, according to CEO Al Kelly. The company is also working with more than 35 fiat-backed cryptocurrency projects. Mastercard and PayPal have their own crypto efforts underway, which may have catalyzed Visa’s plans. Share this article Visa CEO Al Kelly says that the payments giant is planning to enable cryptocurrency buying and spending on its network. Users Will Buy and Spend Crypto Kelly stated during Fortune’s Leadership Next podcast that his firm has two strategies related to Bitcoin.…

High priced $80K Bitcoin options signal pro traders expect more upside

Betting on an $80,000 Bitcoin call options for June doesn’t seem outrageous given BTC’s bullish performance over the past few weeks. This was not the case a couple of months ago when BTC peaked at $42,000 on Jan. 8 and subsequently dropped to the $30,000 level.  Bitcoin price, USD. Source: TradingView At that time, a 150% upside was needed from the $32,000 price on Jan. 26, and this seemed quite far-fetched. Therefore, the June $80,000 BTC call (buy) options traded at Deribit for $2,240, or 0.07 BTC. BTC $80,000 June…

Top Bitcoin Quant Analyst Says Fresh USD Is Needed For New Highs

Bitcoin price is still plummeting from a rejection at new highs set this weekend, and struggling to maintain support at former resistance levels. On the way down, the buying pressure has been far less than it was on the way up, which has one top cryptocurrency quant analyst warning that fresh USD capital is necessary for new highs. Here’s what it might take for the leading cryptocurrency by market cap to make a full recovery and move beyond $60,000, according to key fundamental factors. Fresh USD Inflows To Spot Exchanges…

NFTPs hitting bottom? Charmin joins in on the latest crypto craze

The non-fungible token market isn’t limited to digital sports collectibles and art connoisseurs — big brand names are getting in on the action too. Toilet paper manufacturer Charmin listed five different versions of its non-fungible toilet paper, or NFTP, for sale on Rarible’s marketplace today. The NFTPs feature decorated (as well as plain) toilet rolls, and include images of the brand’s family of bear mascots. Charmin said all proceeds from the NFT sales will go towards the non-profit organization Direct Relief, which provides resources to medical professionals in disaster-affected areas.…

Alchemix raises $3.1M to build DeFi lending backed by future income

New decentralized finance project Alchemix Finance has raised a strategic $3.1 million round from notable crypto investments funds and angels. The round was led by Spartan Capital, the investment arm of crypto consulting firm The Spartan Group. Delphi Ventures, Nascent, CMS Holdings, Maven 11, Genesis Block Ventures participated in the round as well. Several angel investors joined in as well, including Jason Choi, general partner at The Spartan Group. Alchemix also raised $4.9 million in an over-the-counter token sale deal led by CMS Holdings and Alameda Research. The Alchemix project…

Litecoin’s MW Privacy Feature Is Now Code Complete

Litecoin’s upcoming Mimblewimble Extension Blocks (MWEB) feature is now code complete, according to developer David Burkett. The Cryptocurrency Burkett submitted the code review to GitHub on Mar. 15. He noted that only the “libmw” code is complete and that 40% of Litecoin’s overall Mimblewimble code is not in the review. The second part of the code, which depends on the first, will be submitted for review soon. The Litecoin Foundation has noted that the review process may “last a few weeks to a few months” depending on the speed of…

Cardano Coinbase Pro Listing Sets Stage for Price Rally

Key Takeaways Cardano surged by more than 20% within minutes after Coinbase Pro revealed it will add support for the project this week.. If ADA continues to benefit from the “Coinbase Effect,” it could be poised for further gains. The lack of significant resistance suggests that prices could aim for $1.40 if buying pressure accelerates. Share this article Cardano has stolen the crypto spotlight after Coinbase revealed it would list the token on its retail platform, with ADA prices surging by 25%. Coinbase Announces Support for Cardano Cardano, one of…