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Coinbase Bump Alert – Top Crypto Exchange Gearing Up To List Dogecoin

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Coinbase is revealing plans to add support for meme crypto asset Dogecoin (DOGE) on the exchange’s professional-level trading platform Coinbase Pro.

In a new blog post, the US-based crypto exchange tells its users that they can now deposit DOGE into their Coinbase Pro accounts.

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Support for the sixth-largest cryptocurrency will be available in all of the crypto exchange’s supported jurisdictions. Trading will begin on June 3rd, on or after 9 AM Pacific time once liquidity conditions are met.

Coinbase adds that users can trade DOGE against Bitcoin and Tether and three fiat currencies – the US dollar, the euro and the sterling pound (GBP).

“Once sufficient supply of DOGE is established on the platform, trading on our DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books will launch in three phases, post-only, limit-only and full trading.”

Dogecoin has been one of the most controversial crypto assets amid its meteoric ascent into the top ten. The altcoin, which started as a joke in 2013, has received support from Tesla CEO Elon Musk who unveiled a mission to the moon that will be paid for using DOGE. Billionaire and Shark Tank star Mark Cuban is also supporting DOGE by accepting the meme crypto asset as a payment option for Dallas Mavericks game tickets and merchandise.

The Dogecoin listing comes weeks after Coinbase CEO Brian Armstrong announced the crypto exchange’s plans to accelerate the process of adding support of new coins in the company’s first quarter earnings call.

At time of writing, DOGE is trading at $0.36, up nearly 10% in the last 24 hours, according to CoinMarketCap.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Source: https://dailyhodl.com/2021/06/02/coinbase-bump-alert-top-crypto-exchange-gearing-up-to-list-dogecoin/

Blockchain

Grayscale to Unlock 16,000 Bitcoin Shares on July 19

Grayscale Bitcoin shares

Rate this post Grayscale is about to flush the market with 16,000 Bitcoin shares on July 19. This is the fund’s largest unlocking in a single day and is expected to spike volatility as well as create a bullish outlook for the market.  The Grayscale Bitcoin Trust(GBTC) is the world’s largest digital asset management company that holds the biggest reserve of the primary cryptocurrency among all financial institutions. At present, it has nearly $24 billion in assets under management(AUM). Grayscale Bitcoin Shares Unlock Could Raise Price Volatility GBTC operates in a periodic cycle, which means its shares aren’t available for purchase all year round.  This year, the firm’s periodic closures have clashed with its buy-in value trading at a discount to the current price. Investor funds are tied to GBTC for a fixed period and eventually released, allowing buyers to sell their investment at certain intervals depending on their price during purchase. A negative GBTC premium relative to the spot in combination with a large unlock can raise the potential for volatility in July. The biggest unlock scheduled for the month will see markets flushed with 16,000 BTC shares equivalent to $627 million. Selling Pressures to Stabilize Paving the Road for Market Bulls Grayscale unlocking has attracted both buyers and sellers as BTC prices touch nearly $40,000. While fears regarding volatility persist, some are confident that the unlocking will stabilize and perhaps drive the selling pressures to zero. Loomdart, a popular crypto trader on Twitter, suggests that GBTC unlocking will help market bulls push against the existing resistance to take BTC prices upwards. Interestingly, this projection is in striking contrast to the bearish outlook held by several investment institutions. With a decline in BTC demand from institutional investors, many analysts have painted a gloomy picture for the currency’s future.  The largest cryptocurrency is stumbling at the moment with daily price fluctuations. Last week, analytics firm CryptoQuant reported a decline in BTC’s open interest. The report coincided with a staggering drop in the overall Bitcoin transactions.

The post Grayscale to Unlock 16,000 Bitcoin Shares on July 19 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Grayscale is about to flush the market with 16,000 Bitcoin shares on July 19. This is the fund’s largest unlocking in a single day and is expected to spike volatility as well as create a bullish outlook for the market. 

The Grayscale Bitcoin Trust(GBTC) is the world’s largest digital asset management company that holds the biggest reserve of the primary cryptocurrency among all financial institutions. At present, it has nearly $24 billion in assets under management(AUM).

Grayscale Bitcoin Shares Unlock Could Raise Price Volatility

GBTC operates in a periodic cycle, which means its shares aren’t available for purchase all year round.  This year, the firm’s periodic closures have clashed with its buy-in value trading at a discount to the current price.

Investor funds are tied to GBTC for a fixed period and eventually released, allowing buyers to sell their investment at certain intervals depending on their price during purchase.

A negative GBTC premium relative to the spot in combination with a large unlock can raise the potential for volatility in July. The biggest unlock scheduled for the month will see markets flushed with 16,000 BTC shares equivalent to $627 million.

Selling Pressures to Stabilize Paving the Road for Market Bulls

Grayscale unlocking has attracted both buyers and sellers as BTC prices touch nearly $40,000. While fears regarding volatility persist, some are confident that the unlocking will stabilize and perhaps drive the selling pressures to zero. Loomdart, a popular crypto trader on Twitter, suggests that GBTC unlocking will help market bulls push against the existing resistance to take BTC prices upwards.

Interestingly, this projection is in striking contrast to the bearish outlook held by several investment institutions. With a decline in BTC demand from institutional investors, many analysts have painted a gloomy picture for the currency’s future. 

The largest cryptocurrency is stumbling at the moment with daily price fluctuations. Last week, analytics firm CryptoQuant reported a decline in BTC’s open interest. The report coincided with a staggering drop in the overall Bitcoin transactions.

READ  Grayscale Parent DCG Plans to Buy $250 million worth of Bitcoin Trust

#Bitcoin Prediction #GBTC Unlock #Grayscale Bitcoin Trust (GBTC)

Source: https://www.cryptoknowmics.com/news/grayscale-to-unlock-16000-btc-shares-on-july-19/

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The World Economic Forum’s Cryptocurrency Guide Lists Its Choice Of “Winning” Projects

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The World Economic Forum (WEF) has published its community paper on cryptocurrency. It contains information on getting started, exploring the blockchain, and so on. It also lists several cryptocurrencies that meet its scalability stamp of approval.

As an influential body, some have taken this to mean the WEF has selected its choice of winning cryptocurrency projects, which, if rumors are to be believed, will receive a significant push over the coming years.

The WEF See Cryptocurrency As Transformational

Various centralized authorities, and their representatives, have sent mixed messages surrounding cryptocurrency and its role in future society.

This includes ECB President Christine Lagarde, who earlier this year blasted Bitcoin’s “funny business” in facilitating money laundering, and U.S Treasury Secretary Janet Yellen, who pointed out Bitcoin’s limitations as a payment mechanism, and much like Lagarde, its use in illicit financing.

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.”

Nonetheless, the Swiss-based international organization for public-private cooperation has signaled its approval of cryptocurrency via its latest guide. The 22-page report details practical guidance, for both individuals and corporate professionals, on transacting, dapps, governance systems, scalability, and consideration of regulations.

As cryptocurrencies transform how we trade, transact and interact online, it has become more important than ever for technology leaders to have experience with these innovations.

As expected, the report mentions the big two, Bitcoin and Ethereum, even dedicating an entire section to Ethereum to discuss its programmability and usefulness in facilitating technological innovation.

Along with that, in the throughput and scalability section, the report also lists six cryptocurrency projects with brief text on their ability to handle large volumes of transactions. They are Algorand, Cardano, Celo, XRPL, Solano, and Stellar.

The Great Reset

During covid times, the WEF has caught the attention of many truth seekers. They raise concerns over the WEF’s role in steering the world recovery.

Among the WEF’s predictions by 2030 is “you’ll own nothing. And you’ll be happy.

Some have described this future scenario as a centralized system of control and manipulation. Even a throwback to Medieval feudal society, which consisted of a bottom rung of the peasantry who were slaves to the landowners.

Reuters have fact-checked this “stated goal” and dismissed it because it was a reference to the trend towards the prevalence of renting over ownership.

“False. The World Economic Forum does not have a stated goal to have people ‘own nothing and be happy’ by 2030. Its Agenda 2030 framework outlines an aim to ensure all people have access to ownership and control over land and other forms of property.”

Either way, should investors take the WEF’s mention of Algorand, Cardano, Celo, XRPL, Solano, and Stellar as cryptocurrency projects to watch in the future?

Source: https://bitcoinist.com/the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects/?utm_source=rss&utm_medium=rss&utm_campaign=the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects

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Blockchain

XRP, Cardano, AAVE Price Analysis: 14 June

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The last 12 hours have been favorable for all coins in the market. Even the total market capitalization was up by 8% at press time. Cardano was also boosted by the news of smart contracts now running on Alonzo. While Ripple continues its fight against the SEC, XRP posted gains. AAVE did not have much spotlight in terms of news for the moment.

XRP :-

Source: XRP/USD – TradingView

XRP’s slow recovery has led the coin to still remain short of its Jun ATH by 17% and trade at $0.875. For a while, the coin was rising well above $0.89, but after the repeated dips of June 4 & June 7, the coin broke it and flipped it into a resistance level. While this situation is temporary, investors have become extremely cautious.

At press time, bullish momentum could be observed building up according to Awesome Oscillator. The slight rise of green bars above 0 line exhibited optimism for the coin.

In the early hours of June 14, an uptrend had been initiated as per Parabolic SAR, since the white dotted line remained under the candlesticks. This was accompanied by MACD indicator that displayed a bullish crossover with the indicator line moving over the signal line.

Though indicators were calling for a price rise, the coin will still need a stronger push to turn the active resistance back into support.

Cardano [ ADA ] :-

Source: ADA/USD – TradingView

$1.38 has been acting as a strong resistance for ADA for a while now. Despite many falls, the coin did not drop below it. In the early hours of trade, the coin jumped by 9% in less than 16 hours. A similar movement could be observed on Relative Strength Index (RSI) as well. The purple indicator recovered from the oversold region it was on June 12 and moved above the neutral line with a slight dip observed at press time.

Capital inflows have not been quite as strong either according to Chaikin Money Flow. The indicator remained in the bearish-neutral territory at the time of writing. Bollinger Bands remained parallel to each other, with the basis (red line) acting as support.

Price could swing upward if the bands diverge in the next few hours, otherwise, the movement will stay sideways.

AAVE:-

Source: AAVE/USD – TradingView

AAVE had a surprising performance as the coin made a 17.36% jump in the last 24 hours as soon as it touched the $267 support level. Due to the fall in the past few days, a new temporary resistance was established at $346. If this rally isn’t short-lived, the coin could soon break past it as well. Simple Moving Averages lines remained bearish. Although the gap between the 50 SMA (orange) line and the candlesticks was closing in, there’s no immediate change in positions.

Accordingly, MACD exhibited a bullish crossover with the indicator line moving above the signal line. If the indicator continued to move this way, the market may continue to remain bullish.

For the while, AAVE will remain consolidated within the aforementioned support and resistance level.


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Source: https://ambcrypto.com/xrp-cardano-aave-price-analysis-14-june

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