Cryptocurrency Market

Binance Coin, Dash, Synthetix Price Analysis: 17 January

Binance Coin, Dash, Synthetix Price Analysis: 17 January

Binance Coin looked to revisit $38.72 as the price failed to hold up above its present resistance. Dash formed a symmetrical triangle on the charts and presented the possibility of a breakout above $135.69 resistance while SNX reversed course and fell by over 12% after hitting record levels. Binance Coin [BNB] Source: BNB/USD, TradingView Binance …

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Coinbase to ‘decompose’ its application server in wake of recent outage

Coinbase to ‘decompose’ its application server in wake of recent outage

Coinbase says it will divide up its application server into separate services in an effort to “reduce the blast radius” following an outage last week that impacted the API used for the exchange’s website and mobile apps.  The Coinbase team said Friday that by “decomposing” its application server, it could have different scaling profiles for …

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January’s decentralized exchange volumes are on track to reach record highs

January’s decentralized exchange volumes are on track to reach record highs

This month’s decentralized exchange (DEX) volumes are set to break September 2020’s record highs. According to data compiled by The Block, current DEX volumes for January 2021 are $26.01 billion with 15 days remaining for the month. In September, DEX volumes reached $26.6 billion fueled by DeFi Summer.    Uniswap currently makes up 44.85% of …

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Bitcoin price briefly fell below $30,000 as derivatives positions worth more than a billion-dollar get liquidated

Big institutions are only interested in bitcoin, says NYDIG CEO

A crypto rally has been in full swing, but the biggest investors looking at the market are only interested in bitcoin, according to one industry CEO.  In the latest episode of The Scoop, NYDIG chief executive Robert Gutmann said that most of the serious investors he’s speaking with are only interested in the largest crypto …

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