Bullishness for Bitcoin continues despite its struggle to reclaim $60,000

Bitcoin (BTC) continued to face strong resistance at the $60,000 level on March 19 as bulls spent the day climbing back from an early morning drop which briefly pushed BTC into the sub-$56,500 range. Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of Bitcoin hit a low of $56,268 in the early hours on Friday before dip buyers returned to help lift the price back above $58,500. BTC/USDT 4-hour chart. Source: TradingView Key Bitcoin price metrics show that…

Brazilian Stock Exchange approves two new crypto ETFs in Latin America

The Brazilian Securities and Exchange Commission, or CVM, approved two cryptocurrency ETFs this week — one 100% Bitcoin and the other composed of five cryptocurrencies, in addition to Bitcoin (BTC). For QR Asset Management, manager of the Bitcoin-only ETF, the product could accelerate the launch of a similar product in the United States, since the CVM, as well as the Securities and Exchange Commission, or SEC, are part of the International Organization of Securities Commissions, or IOSCO. Both ETFs will be traded on the Brazil’s Stock Exchange, or B3. According to…

Fresh wave of interest pushes Cardano near all-time highs

Cardano (ADA) made a run at its all-time price high on March 18, following renewed retail interest in the asset. It ultimately hit a price of $1.47 on Thursday, based on TradingView data from the Kraken exchange — just short of its $1.48 all-time price high, set on Feb. 27. Cardano’s 1-hour chart shows the asset has made higher lows since its correction, riding an upward trendline. Price currently looks to have flipped the 50-period moving average, or MA, to support, at least as of the time of publication; its price…

Brave and BAT Join Forces With Binance Smart Chain

Key Takeaways Brave’s BAT token, native to Ethereum, is now available on Binance Smart Chain as a wrapped token. This will allow users to spend the BAT token in Binance Smart Chain’s DeFi apps such as Pancake Swap. Though Brave’s wallet already supports both ETH and BSC, more thorough support will arrive later this year. Share this article Brave’s Basic Attention Token (BAT) is now part of the Binance Smart Chain (BSC) ecosystem, according to a blog post from Brave. BAT on Binance Smart Chain According to Brave, BAT is…

wNews: 8 Hours of Sleep and 100X Returns, Welcome to Crypto

Key Takeaways A leaked Goldman Sachs survey revealed the “inhumane” working conditions at the investment bank. Bitcoin continues to react to the broader macroeconomic environment, while Ethereum eyes several key upgrades. With all the talk around a multi-chain future, this week’s to-do list unpacks how investors can explore the Binance Smart Chain ecosystem. Share this article This week’s wNews compares work culture at one of the world’s largest investment banks and the 24/7 crypto markets. In short, neither wins. It does, however, look like one industry has a few more…

Ethereum Bullish Retest Offers “Once-In-A-Lifetime Opportunity”

Ethereum has drawn many comparisons with early Bitcoin, and is expected to grow in value substantially and make for life-changing wealth. Those that missed out on the initial run up are in luck, however, as one crypto analyst says that the recent bullish retest presents a “once-in-a-lifetime opportunity.” Here’s an in-depth look at the bullish retest the analyst is referencing, and what that ultimately could mean for the second ranked cryptocurrency behind Bitcoin for the long run. Ethereum Bullish Retest Completes: What This Means For The Top Altcoin Ethereum has…

Ethereum bulls may reemerge after March $1.15B ETH options expiry

Over the past two months, the open interest on Ether options increased by 50% to reach $3.1 billion as ETH price gained 44% in that time period. Ether’s price appreciation and the rising options open interest resulted in a potentially historic $1.15 billion expiry set for March 26. Ether options aggregate open interest. Source: Cryptorank Most exchanges offer monthly exposures, although a few also hold weekly options for short-term contracts. February 2021 faced the most significant expiry on record with $630 million worth of option contracts and this figure represented…

Mirror Protocol Now Offers Access to S&P 500 Index

Key Takeaways Mirror Protocol users can now access a synthetic token, mSPY, which is tied to the performance of the S&P 500. Users can stake or mint mSPY, or contribute to a liquidity pool. Other platforms such as Injective Protocol and Synthetix offer similar synethetic investments. Share this article Mirror Protocol has added an S&P 500 synthetic asset to its platform, giving investors access to a crypto token that is tied to the performance of the stock market. Mirror Protocol Adds Index Fund The S&P 500 is a commonly-followed index…

Layer-two scaling solutions solve enterprises’ public blockchain challenges

At the end of 2019, research firm Forrester and Big Four firm Ernst & Young, or EY, published a report surveying the adoption of public blockchains by enterprises. Findings revealed that 75% of respondents were likely to use a public blockchain in the future. Although this was the case, the report also found that most enterprises were still using private blockchains to ensure security, privacy and scalability. What was also noted in the survey as the top three concerns regarding public blockchain networks were a lack of maturity, security and privacy…