Author: cryptonews7
Binance coin price hit $715 on Thursday, rising 9% gains since the start of the week.Cryptocurrency trading volumes on centralized exchanges reached a record high of $3.72 trillion in December, with Binance remaining market leader. Rising trading activity on Binance has boosted demand for the BNB native token. With market volatility intensifying ahead of Trump’s inauguration, another spike in trading volumes in January could propel BNB price towards $750. BNB price crossed the $715 on Thursday as traders continued to take strategic speculative positions ahead of the US Presidential inauguration slated for January 20. Recent reports show Binance emerged market…
Crypto exchange Coinbase COIN has launched a new service allowing U.S. customers (excluding in the state of New York) to borrow USDC/USD against their Bitcoin holdings. This new offering allows users to access liquidity without selling their Bitcoin, providing instant loans with flexible repayment terms and competitive interest rates powered by Morpho, an open-source lending protocol on Coinbase’s Layer-2 blockchain Base. The loans are disbursed instantly in USDC, offering flexible repayment options and competitive interest rates set dynamically by Morpho’s open market lending pool. “Getting a Bitcoin-backed loan on Coinbase is now easier and faster than ever. In under a…
Key Takeaways Coinbase users can now pledge their bitcoin as collateral to take out a loan worth $100,000 in USDC stablecoins after a new service was launched Thursday.These loans can be made via the Coinbase app but will be serviced by DeFi platform Morpho, which is found on the Coinbase-developed Base blockchain.Using bitcoin as collateral offers a chance to raise money without a taxable transaction for your bitcoin but also puts it at risk.In case of bitcoin price volatility, Coinbase’s service requires additional capital or liquidation of bitcoin holdings if the value of the loan exceeds 86% of the value…
Avalanche (AVAX) trade setup projects potential 931% returns with strategic entries and targets. 7X leverage boosts profitability, but risk management and profit-taking are crucial. Patience and discipline are essential for sustainable trading success. Avalanche (AVAX) is making waves in the crypto market with an enticing long trade setup that projects significant profits. A trader’s detailed chart highlights a high-probability bullish move after the recent market correction. This countertrend phase has concluded, paving the way for a bullish resumption. The outlined strategy focuses on leveraging AVAX’s upward momentum for maximum gains. Key entry points include $41, $38, and $36, with a…
Share Tweet Share Share Email Choosing the right BNB hosting service is crucial for property owners looking to maximize their rental income while providing a great experience for guests. With numerous options available, it can be overwhelming to know which service will best suit your needs. A high-quality BNB hosting service should not only provide management but also enhance your property’s visibility, optimize pricing, and improve guest satisfaction. This guide will explore the top eight features to look for in a BNB hosting service, ensuring that you make an informed decision. Whether you are new to hosting or…
Advertisement     The crypto market has sparked after several days in the doldrums, with multiple assets marking a decent recovery. Among the top 10 crypto by market cap, Dogecoin (DOGE) and Cardano (ADA) recorded double-digit gains. While macro factors led to outflows, crypto traders hope to maintain the forte ahead of Donald Trump’s second term. DOGE and ADA Swing Forward Dogecoin saw fair gains before recording larger inflows in the last 24 hours. The asset is up 10.1%, trading at $0.3836, taking its market cap to $56.6 billion. Meme coins often react to the broader market, and due…
Coinbase customers can borrow up to $100,000 USDC in less than one minute without ever having to sell their Bitcoin. Coinbase has introduced a new service allowing users to borrow USD Coin (USDC), a dollar-pegged stablecoin, by using Bitcoin as collateral. The feature, available to U.S. customers (excluding those in New York), is designed to offer quicker and more flexible access to funds without the need to sell Bitcoin (BTC). According to a note shared with crypto.news, the process works as follows: Customers pledge their Bitcoin as collateral, which is converted into cbBTC, a wrapped version of Bitcoin created by…
The cryptocurrency market is entering a new era: altcoin season is fully running. One emerging star within the sea of this dynamic change is Rexas Finance (RXS). Equipped with innovative technologies and a visionary environment, RXS is outpacing rivals, leaving established companies like Solana (SOL) and Avalanche (AVAX) unable to stay up. Rexas Finance is increasingly underlined as the market develops, posing a vital issue: Can this innovator maintain its pace and confirm its top place on the cryptocurrency hierarchy? Rexas Finance (RXS): A Revolution in Asset Management Rexas Finance is a fundamental asset tokenizing and management change, not just…
Today in crypto, US President-elect Donald Trump is reportedly open to establishing a strategic reserve that would include US-founded cryptocurrencies, not just Bitcoin. The US Securities and Exchange Commission filed arguments in its appeal against Ripple Labs, and the US government wants hacked Bitcoin to return to Bitfinex.Trump reportedly “receptive” to strategic reserve with US-based cryptosAs Donald Trump prepares to take office as the 47th president of the United States, rumors have emerged about a potential strategic reserve emphasizing US-based cryptocurrencies instead of Bitcoin.The New York Post, citing unidentified sources, reported on Jan. 16 that Trump is “receptive” to the…
The next altcoin season could begin at any moment, as mid-January’s slump likely represents either the penultimate or final shakeout preceding full-blown market euphoria. XRP and Binance Coin are likely to continue their impressive early Q4 trajectory, though achieving gains above 5-10x with these large caps is highly unlikely at this point in the bull run. Investors today should consider diversifying their portfolios with the audited RTX token, which powers a revolutionary cross-border payment platform in Remittix. With projected 50x-100x returns as soon as Q2, here’s why savvy investors are confident that RTX can surge over 1,500% upon its official…