Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a lending and borrowing solution for the decentralized finance (DeFi) ecosystem. XVS/USDT daily chart. Source: TradingView Data from Cointelegraph Markets and TradingView shows that the price of Venus catapulted 3,000% in the first two months…

Coinbase frenzy, DOGE dazzles, Bitcoin breaks records, Jim Cramer sells

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Coinbase gets off to a rocky start as it lists on the Nasdaq It was billed as a “watershed” milestone for cryptocurrency — the industry’s “Netscape moment.” This week, Coinbase made its stock market debut. There was no shortage of excitement in the run-up to…

Bitcoin dips under $60,000 — What’s pulling down BTC price?

The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct. BTC/USDT 1-day price chart (Binance). Source: TradingView.com An expected Bitcoin sell-the-news drop Coinbase’s public listing brought significant attention to the cryptocurrency market. It marked the first public listing of a major cryptocurrency exchange, leading to high institutional demand. As a result, the cryptocurrency…

wNews: How a Dogecoin Pump Upstaged the Coinbase Listing

Key Takeaways After much anticipation, Coinbase’s direct listing on NASDAQ went off with much fanfare as the industry enjoyed some long-awaited validation. Events outside of the United States rocked Bitcoin this week. Simultaneously, Ethereum hit a new all-time high of $2,500. The market may have finally called a top as many traders are now nabbing profits and putting them to work in DeFi’s favorite “yield farm.” Share this article This week’s wNews digs into why various left-of-the-curve cryptocurrencies enjoyed some serious bullish attention. So hard did 2017’s favorite altcoins pump…

Is Bitcoin becoming the ‘Google’ of crypto as BTC market cap nears new milestone?

Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion. What is the similarity between Bitcoin and Google? The similarity between Bitcoin and Google that Zschaepitz pointed out is that both have dominance in their respective sectors. Bitcoin vs. Google market cap. Source: Bloomberg, Holger…

Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing

Insider activity reports for Coinbase’s COIN stock indicate that multiple early investors and executives dumped billions in equity shortly after COIN’s direct listing, with at least one C-suite director cashing out their stake in the cryptocurrency exchange entirely.  Data from Capital Market Laboratories and confirmed by filings on Coinbase’s Investor Relations website shows a total of 12,965,079 shares sold by insiders, worth over $4.6 billion at COIN’s $344.38 per share Friday close. Notable transactions include Coinbase CFO Alesia Haas selling all of her 255,500 shares at a price of $388.73,…

After a remarkable run, social media sentiment sours on DOGE

It was a Shiba Inu shooting across the sky: Dogecoin’s run over the past week will be one for the history books. However, for all the fireworks social media data is indicating that the meme’s run may have met its end.  The digital currency, which originally launched in 2013 and has been at the center of a number of absurd headlines and scams over the years, notched another chapter in its often puzzling history over the past few days. On Friday, DOGE managed to eclipse Ethereum in total exchange volume…

Bitcoin to close April above $90K? When & where this bull wave will top

The cryptocurrency markets experienced a monumental green wave this week. Bitcoin and Ether calmly made new all-time highs on the back of Coinbase’s direct listing and the Berlin hard fork. Meanwhile, meme-cryptocurrency Dogecoin blasted off to more than 400% gains, briefly claiming a spot as a top 5 cryptocurrency by market capitalization.  Despite the media hype and market movements of this week, PlanB showed Bitcoin still isn’t as overbought as it was at the peaks of the 2017, 2013, and 2011 bull cycles. He calculated that if Bitcoin were to…

Markets Pro sounds the alert as RUNE, DOGE and XRP skyrocket

It’s been a spectacular week for the Cointelegraph Markets Pro VORTECS™ Score, which alerted subscribers to several of the top crypto asset price movers hours before the price began to climb. DOGE analysis Dogecoin (DOGE) has been the standout performer of the week, confounding analysts who look for fundamental strengths in an asset — the meme coin may not have much of a team, or a genuine use-case, but it has Elon Musk, Mark Cuban… and the support of their millions of fans. Dogecoin crossed the 80 VORTECS™ line on…

The crypto FBAR: Implications beyond

The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account.  In simple terms, this means FinCEN may soon require crypto users to file annual Reports of Foreign Bank and Financial Accounts, or FBARs, for crypto held on foreign exchanges. The effects of such an amendment are…