March 5, 2021

Bitcoin Losing the $50K Mark, Entering Bearish March: The Weekly Crypto Recap

This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general. As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that...
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PAID Crashes 70% In Minutes as Network Purportedly Exploited

PAID Network, one of the most popular Initial DEX Offerings (IDOs) that took place on Polkastarter’s platform a while ago and brought tremendous returns to private sale investors, is going through what seems as a massive attack. PAID Network, one of the most popular and heavily promoted IDOs that brought massive returns to private sale...
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Algorithmic Yield Farming

Decentralized Finance (Defi) remains a crypto buzzword and hot topic. Despite its unwavering and unstaggering popularity. Its growth doesn’t appear to decline nor wane. Every day we continuously see new projects come out to service different sections of the decentralized finance movement. All of which are gearing towards one goal: the increase in overall usage...
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Bybit to Cease Services for UK Citizens Following the FCA Ban on Crypto Derivatives Trading

The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom.  Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported...
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MicroStratergy Acquires Bitcoin worth $10 Million, the Shopping Spree Continues!

The business intelligence company MicroStratergy has once again made a huge purchase of BTC. this time it has acquired an additional $10 Million worth of Bitcoin at an average price of $48,888.  The news is not very intimidating, as the company has been on a shopping spree for quite some months now, and the CEO...
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Ripple’s CEO: SEC Lawsuit Did Not Affect Business in Asia Pacific

Ripple’s CEO Brad Garlinghouse told Reuters in an interview today that the company is still conducting and growing its business in the Asia Pacific region despite the SEC legal case against Ripple and its executives.  The last four months have been some of the toughest for Ripple after the company was slammed with a $1.3...
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LTC Remains in the Correctional Zone

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, March 5th, Litecoin is correcting not far from $172.51. As we can see in the daily chart, LTC/USD is still correcting within the ascending tendency. the current situation is as follows: after completing the correction, the asset may trade near 38,2% fibo. In the nearest future, the...
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The Countdown: Cardano (ADA) to Reach Full Decentralization on March 31st

Less than a year after launching its IOHK-owned network of federated nodes, Cardano is on schedule to reach full decentralization at the end of March 2021. At that point, the already established network of over 1,800 community pools will be responsible for producing all new blocks. Cardano Goes for Full Decentralization With the approaching so-called...
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Mark Cuban’s Dallas Mavericks to Accept Dogecoin Payments

American basketball team Dallas Mavericks will now accept payments for tickets and merchandise in Dogecoin via the leading cryptocurrency payment processor, BitPay. Prior to the announcement, it already supported payments in cryptocurrencies, including BTC, BCH, ETH, USDC, GUSD, PAX, and BUSD. Its billionaire owner and Shark Tank star, Mark Cuban, cited the ‘very important’ reason...
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Q2 2021 Index Weights

On 26 March 2021 12:00:05 UTC BitMEX will update its index weights.  From today, the hypothetical values of the indices with the new weights will be published as the “NEXT” index family (Eg .BXBT_NEXT).  As of 26 March 2021 at 12:00:05 UTC, assuming no constituent exchanges have been excluded due to Index Protection Rules, BitMEX...
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Q2 2021 Quarterly Futures Listings

On 12 March 2021 at 08:00 UTC, we  will list new quarterly futures on the BitMEX platform. The new contracts will be visible on the platform from 11 March at 08:00 UTC as Unlisted, 24 hours before the start of trading. As previously announced, we will not be listing new ADAUSDT, BNBUSDT, DOTUSDT, EOSUSDT, XTZUSDT,...
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Bitcoin (BTC) $ 63,823.10 1.33%
Ethereum (ETH) $ 3,306.32 5.88%
Tether (USDT) $ 0.999594 0.05%
BNB (BNB) $ 600.90 0.84%
Solana (SOL) $ 143.98 5.42%
USDC (USDC) $ 1.00 0.02%
Lido Staked Ether (STETH) $ 3,305.26 5.98%
XRP (XRP) $ 0.522653 0.95%
Dogecoin (DOGE) $ 0.150197 3.22%
Toncoin (TON) $ 5.45 4.34%