CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, KRAKEN News, POLKADOT News
Ethereum sees key breakout, why bulls remain in control.
Ethereum is trading in the bullish territory above $4,200 against the U.S. dollar.
Ethereum formed a base above support levels of $4,120 and $4,100. The price has even risen above $4,300 but meets resistance around $4,400. A high is forming around $4,380, and the price is now correcting the rise. There has been a breakout below the $4,350 level. Ether traded below the 23.6% Fibonacci retracement level of the upward move from the $4152 swing low to the $4,380 high.
Right now, it’s holding profits above the $4,200 level and the 100-hour SMA. Also, a large tapering triangle is forming on the hourly chart of ETH / USD with support of around $4,220.
Ethereum price remains supported.
Binance suspends withdrawals of all cryptocurrencies.
Binance, the world’s leading cryptocurrency exchange by trading volume, has temporarily suspended withdrawals of all cryptocurrencies.
An official announcement from the crypto exchange assured customers that they are not worried about their funds because they are safe. The crypto exchange said the suspension of cryptocurrency withdrawals addressed the large amount of unfinished work that has accumulated over the past few days.
The crypto exchange recently revealed that trading volume on its platform exceeded $1 billion in a single day when bitcoin hit a new all-time high of nearly $67,000. Thus, the big lag is understandable.
The crypto exchange resumed withdrawals on its platform within half an hour of the suspension, and users can now withdraw their funds.
Binance suspends withdrawals of all cryptocurrencies.
Bitcoin miners reached the second-highest revenue month in history with $1.72 billion in October.
The figure tops April’s $1.7 billion.
According to new monthly data, Bitcoin miners brought in $1.72 billion in revenue in October, the second-highest level ever seen.
That figure surpasses April’s $1.7 billion but is not much higher than the record monthly high of $1.75 billion recorded in May.
Bitcoin’s rise for October was probably a new record high, surpassing $66,000. The price of the cryptocurrency on Coinbase hit a high of $66,909.15 during this period.
Bitcoin miners’ earnings
Avalanche Foundation unveils $200 million ecosystem fund
The Avalanche Foundation has unveiled its plans to foster the growth of its ecosystem through Blizzard.
Blizzard’s funding came from the foundation itself and other prominent blockchain investors, including Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital, CMS Holdings, Republic Capital, R/Crypto Fund, Collab + Currency, Lvna Capital. Finality Capital Partners and others.
DOT hits a new all-time high – above $50 amid increased network functionality.
Polkadot’s price is up 14% in the last 24 hours as DOT hits a new all-time high of $50.87.
The price of Polkadot rose about 24% on Monday, Nov. 1, reaching a new all-time high of $50.87, rising above the May high of $49.35.
Parity technologies, the company behind Polkadot, announced that “parachains” are coming to the network on Oct. 13. Parachains refer to full blockchains, which will be included in Polkadot’s blockchain network to help verify and protect transactions.
Polkadot Price Analysis.
Ethereum made more than $500 billion in transactions in the third quarter of 2021.
The Ethereum ecosystem recorded significant growth in its new third-quarter report, with the network executing more than $500 billion in transactions.
In a sign of the crypto industry’s continued growth, Ethereum, the second-largest crypto asset by market capitalization, had over $500 billion in transactions in the third quarter of this year, up 389% from the same quarter last year.
According to a report published by Bankless Dao, Ethereum miners increased their earnings by 511%, as they collectively earned $1.96 billion.
Nigeria is ahead of the U.S. in cryptocurrency ownership.
According to a Finders study, more than 50% of cryptocurrency holders in Nigeria are bitcoin holders.
The discovery, which brought back talk of rising cryptocurrency penetration in Nigeria, revealed that the country has the highest level of cryptocurrency ownership globally.
Kraken plans to offer stock trading.
According to CEO Jesse Powell, Kraken wants to diversify into traditional finance.
Cryptocurrency exchange Kraken plans to venture into traditional banking, according to CEO Jesse Powell. During a recent interview with CNBC, Powell said the company plans to offer exchange trading and even “small loans” in the long term.
Kraken, founded in 2011, remains one of the largest crypto exchanges. It plans to go public at some point in 2022 or later after being valued at more than $10 billion.
Kraken plans to offer stock trading
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