Bitcoin’s Hashrate Nears All Time High

Bitcoin’s hashrate has almost fully recovered, rising from a low of 106 exahashes per second to around 174 currently as pictured above. That’s close to the same levels prior to its fall at 180 eh/s, although it did reach a very brief 198 eh/s before dropping to near 100 in April and then again to 124 exahashes in May. The […]

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Bitcoin and Ether Market Update June 3, 2021

ETH/USD The price of the Ethereum Project token ETH continued to strictly follow the technical indicators and trend-defining formations on all timeframes. On Sunday, May 30 it hit a weekly low of $2,170, touching the lower end of the long-term uptrend corridor. Earlier in the week, the coin touched the meeting point of the horizontal resistance, the 21-day EMA, and […]

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United Fintech Recruits Mark Lawrence as Director and Head of Americas

United Fintech announced it has recruited Mark Lawrence as its new Director and Head of Americas, effective immediately. Finance Magnates recently learned in a press release that Mark Lawrence, previously the Head of Electronic FICC Distribution at Goldman Sachs, has been selected by United Fintech, the fintech venture launched by Christian Frahm last November, as its new Director and Head […]

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NFT Transaction Volume Plummets 90%: Has the NFT Bubble Burst?

After several weeks of price crashes and doldrums, the cryptocurrency market at large is showing signs of recovery. However, the non-fungible token (NFT) sector of the market may be a different story. Over the last 24 hours, several headlines have reported that the NFT market has more or less “officially crashed”: for example, Gizmodo reported that “The current answer to […]

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LEXIT Partners with Toazted To Provide Millions of Artists and Fans Access to NFTs

Decentralized finance platform LEXIT has partnered with the online music interview database, Toazted, to actively implement Non-Fungible Tokens (NFT) into the artist engagement platform. LEXIT is a DeFi platform for tokenizing intellectual property into NFTs. These NFTs are then made available through LEXIT’s launchpad, AMM (LexiFi) and through pools curated by LEXIT Pool Managers. Launched in 1993, Toazted offers music […]

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EOS Price Analysis: Break Above $7.75 Holds The Key

EOS price is showing a few positive signs above $6.00 against the US Dollar, similar to bitcoin. The price must clear $7.75 to move into a positive zone. EOS Price Analysis After a major decline, EOS price found support near the $3.80 zone against the US Dollar. The price started a steady recovery wave above the $4.50 and $5.00 resistance […]

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Synergy Futures Limited Joins SGX as a Trading Member

Singapore Exchange (SGX), today announced that Synergy Futures Limited, the Hong Kong-based financial services provider, has joined SGX as a trading member of its derivatives market. According to the official announcement shared with Finance Magnates, the derivatives market of SGX now has 63 trading members along with 26 clearing members. The exchange recently welcomed Haitong International Singapore as a clearing […]

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