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VeChain still popular in China, crypto media shutdown and OKEx goes global – Cointelegraph Magazine

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Posted on November 18, 2021

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It’s been over half a year since the crackdowns began in China and pressure from the top-down government is still being enforced. Most

Coinbase Adds Crypto Exchange Token to Arsenal of Altcoins, Triggering 50% Rally

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Posted on November 18, 2021

Popular US-based crypto trading platform Coinbase Pro is adding another altcoin amid a flurry of new inclusions this week. According to a Coinbase announcement, Voyager Token (VGX), the Ethereum-based coin of centralized exchange Voyager, has been added to Coinbase Pro. VGX is not yet available on the Coinbase retail platform or mobile app. According to

Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers

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Posted on November 18, 2021

The price of Bitcoin (BTC) dropped to fresh lows on Nov. 18, and the brief visit to the $56,000 level resulted in a sharp sell-off in Ether (ETH) and altcoins. Data from Cointelegraph Markets Pro and TradingView shows that support at $60,000 was breached early on in the United States trading session, and this allowed

‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers

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Posted on November 18, 2021

Decentralized finance (DeFi) protocols have gained significant traction in the cryptocurrency sector, with a total value locked surpassing $271 billion, based on data from DefiLlama. One exceptionally popular category of DeFi services is that of decentralized borrowing and lending, where users can pledge their crypto as collateral and take out stablecoin loans (or vice versa)

Airdrop rumors result in a swarm of activity on MetaMask Swap and Polygon

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Posted on November 18, 2021

Five to six-figure-size airdrops have become the new norm in the crypto sector and a growing number of analysts believe there are more to come. In September dYdX distributed a massive airdrop to early users and last week the Ethereum Name Service gave out roughly $17,000 to $30,000 in ENS tokens to platform users. Anticipation of additional

Crypto.com’s Ethereum-Based Altcoin Explodes After Deal With Iconic Arena

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Posted on November 18, 2021

News that the iconic Staples Center in Los Angeles will be rebranded to Crypto.com Arena is sending Crypto.com’s native altcoin to new all-time highs. An anonymous source familiar with the plans told the Associated Press (AP) that the Singapore-based company is paying $700 million over 20 years to change the name of the home of

Three Gaming Altcoins Spark Massive Rallies, Ignoring Bitcoin and Crypto Market Breakdown

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Posted on November 18, 2021

While the overall cryptocurrency market experiences a turbulent week, several gaming altcoins are defying the downtrend in a major way. SAND is the native token for The Sandbox, an Ethereum-based virtual world that allows fans of video games to build, own and monetize their gaming experiences. The price of SAND has surged over 20% to

Ripple Issues Statement Suggesting New System for Regulating Crypto Industry

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Posted on November 18, 2021

Global payments firm Ripple is proposing various measures for regulating the cryptocurrency industry in the US. Ripple says it hopes for a regulatory framework that “encourages the unleashed potential of cryptocurrency and blockchain technologies, while also establishing important consumer and market protections.” The San Francisco-based company says it supports innovation sandboxes which offer a conducive

Crypto Trader Justin Bennett Says BTC “Setting Up for a Run” While Analyzing Three Popular Altcoins

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Posted on November 18, 2021

Widely-followed crypto analyst Justin Bennett says Bitcoin (BTC) may be ready to rise again, while noting areas of confluence for three popular altcoins and diagnosing the crypto markets as a whole. In the latest edition of his Cryptocademy newsletter, Bennett says he doesn’t have “high hopes” for BTC making a parabolic move this week. “I know many

Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry

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Posted on November 18, 2021

Ether’s (ETH) 330% year-to-date gain has been largely fueled by the growth of decentralized finance and the explosion of non-fungible tokens. Proof of this comes from OpenSea, the largest NFT marketplace, surpassing the impressive mark of $10 billion in accumulated trading volume. However, traders worry that the 15% correction that followed the $4,870 all-time high

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