Dogecoin Price Jumps Ahead More Than Half a Dollar

Within the past 24 hours, we have seen Dogecoin (DOGE) jump ahead and grow over 30% in price. With DOGE climbing the crypto ladder at a rapid pace, in the early hours of Tuesday, the coin price reached a new milestone and crossed the $0.50 barrier. The value of Dogecoin was $0.389421 and reached $0.541900 overnight–a 39% increase in price. As Dogecoin continues to grow in the crypto market, the digital currency has taken observers by surprise who have mocked and joked about coin–an intention by the creator himself. Despite…

Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain

Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April as the hype died down and high fees on the Ethereum (ETH) network hampered the ability of buyers and sellers to interact with the protocols.  The challenge of high fees eventually led some projects like Axie Infinity (AXS) and Smooth Love Potion (SLP) to migrate to other networks or embrace layer 2 solutions as a…

Crypto community remembers Hal Finney’s contributions to blockchain on his 65th birthday

It’s been more than ten years since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain, and his impact on crypto as a technology is still felt today. Finney was one of the first people to respond to Satoshi Nakamoto’s post on the cypherpunks mailing list, with some in the space still believing he was one of the pseudonymous individuals behind the creation of Bitcoin (BTC). The legendary Bitcoin pioneer would have turned 65 years old today, had he not passed away from amyotrophic…

Sotheby’s Will Accept Bitcoin in Next Banksy Auction

Key Takeaways Sotheby’s has announced that it will accept BTC and ETH in an upcoming auction of a Banksy artwork. Payments will be processed through Coinbase Commerce. The brokerage plans to accept crypto in future auctions as well. Share this article Sotheby’s will accept cryptocurrency for an upcoming Banksy art sale, according to a press release from the art brokerage. Sale Will Accept Bitcoin and Ethereum Sotheby’s says that it will accept Bitcoin (BTC) and Ethereum (ETH) as payment for an upcoming Banksy artwork. The artist’s “Love is in the…

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Bitcoin (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation. The rejection that took place after the $64,900 all-time high had a devastating impact on the sentiment of retail traders, as measured by the perpetual futures funding rate significant drop. However, despite Bitcoin’s recent underperformance and today’s 6.5% drop, pro traders have been buying the dip for the past 24 hours. These whales and arbitrage desk movements are reflected in the OKEx…

Gemini Lists Dogecoin, Sending Price to New Highs

Key Takeaways Gemini has revealed that is listing Dogecoin for trading, and that the coin will be available beginning today, The announcement has seen a significant number of investors rush to exchanges to buy some Dogecoin. DOGE’s price has risen by more than 46% in the last few hours. Share this article Gemini has joined the Dogecoin mania. The New York-based cryptocurrency exchange has revealed that it will add support for DOGE, sending the coin’s price to a new all-time high. Dogecoin Skyrockets on Gemini Listing In a blog post,…

Gnosis, Balancer and PancakeSwap breakout as Bitcoin looks for direction

Ether (ETH) continued its stellar run and crossed the $3,500 barrier today. Dogecoin (DOGE) also joined in on the party as its price soared above $0.61 earlier today as Gemini exchanged added support for the coin following a similar step by eToro.  Traders may be buying DOGE with the expectation that Elon Musk will shill the token during his upcoming appearance as the host of Saturday Night Live. While the rise of DOGE is tempting, traders should be careful with their bets because barring the jawboning by some popular individuals,…

Institutional managers hold a record $13.9B worth of Ethereum

Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares. Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing the yearly total to $824 million. Managers now hold a combined $13.9 billion worth of ETH. The weekly inflows report showed strong growth across most digital assets, with the exception of Bitcoin Cash (BCH), where inflows fell…

Former US treasurer joins Ripple board

Rosa Gumataotao Rios, the 43rd treasurer of the United States, will be joining Ripple’s board of directors.  In an announcement from Ripple today, the company said Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack Obama, will be the newest member of the firm’s leadership team. Ripple CEO Brad Garlinghouse cited Rios’ experience in both the public and private sectors as well as her success in “rapidly accelerating businesses” in the company’s decision to bring her on board. “Ripple is one of the best examples…

Dogecoin, the leading indicator for alt season?

Dogecoin (DOGE) has been the poster child of altcoins for a very long time, particularly as it’s been around since 2013, making it one of the oldest cryptocurrencies in existence. The inflationary meme-coin quickly became synonymous with wild price pumps due to its small nominal value and concentrated holdings. Doge starts altseason by the way in case you’ve forgot. — BIG DOG (@MoonOverlord) April 16, 2021 Such unprecedented short-term price rallies history caused some investors to use DOGE price as a leading indicator for an altcoin season. But this probably…