Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5

Cardano (ADA) has shown no signs of slowing down as the asset’s price continues to rally. The aim remains to hit a new all-time high before the year runs out. The previous all-time high for the asset is recorded at $2.45 and a price crashing saw the asset losing more than half of that value in the months following it. Then a bull rally had been triggered again in the market, which had set cryptocurrencies all across the market recording massive gains daily. Related Reading | Bitcoin Dominance Down As Market…

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Pro traders know it’s time to range trade when this classic pattern shows up

A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a consolidation zone or a congestion zone. Bearish and bullish rectangles are generally considered to be a continuation pattern but on many occasions, they act as a reversal pattern that signals the completion of a major…

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Analysts say this key metric suggests an altcoin season is at hand

Bitcoin’s (BTC) 65% recovery from sub-$29,500 on July 20 to a swing high of $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and to traders who were dreading the prospect of another prolonged bear market. Currently, the BTC rally has stalled out near the $46,000 price level, and this phase of sideways trading is giving altcoins an opportunity to step forward. As shown in the chart below, the total market capitalization of the altcoin market has risen 80%…

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Team officially re-establishes Dogecoin Foundation after 6 years

After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency. In a Tuesday announcement, the Dogecoin Foundation said it would be re-establishing itself in an effort to support the Dogecoin (DOGE) community as well as promote the future of the blockchain. The foundation said it would be announcing new projects in the coming weeks encouraging the adoption and utility of DOGE “that increase Dogecoin uptake at a grassroots level.” “The Foundation holds the Dogecoin mark and…

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Fidelity’s crypto ambitions are bigger than expected: report

Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets.  In a recent interview with the Boston Globe, Chrstine Sandler, the head of sales and marketing for Fidelity Digital Assets, said institutional interest in crypto is growing. For most investors, the primary entry into crypto has been Bitcoin (BTC) and, to a lesser extent, Ether (ETH). Tom Jessop, who heads Fidelity Digital Assets, said the pandemic was a major motivator for investors…

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Mining software appears to have cracked Nvidia’s Lite Hash Rate algorithm

The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations. Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining. The limiter works on both the BIOS and driver level detecting mining algorithms and drastically reducing its mining power by up to 50% of its original capability. At the time, the company claimed that miners were disrupting its supply chain, consequently increasing the price of its graphics cards…

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Strong fundamentals lure traders back to Audius, Raydium and Helium

The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingers below $46,000 and bulls regroup to plan their next attempt to push the price higher.  Despite the struggles faced by many of the top cryptocurrencies, several altcoins were buoyed by positive developments and CT Pro’s top market gainers index shows many producing double-digit gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the…

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US lawmakers urge CFTC and SEC to form joint working group on digital assets

Two members of the United States House of Representatives have petitioned the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission to work with participants in the crypto space for transparency and regulatory clarity. In a Monday tweet, Representative Glenn Thompson said he had submitted a letter with Representative Patrick McHenry to the CFTC and SEC, urging the agencies to “establish a joint working group on digital assets.” Thompson and McHenry requested SEC chair Gary Gensler and acting CFTC chair Rostin Behnam to “promote an active dialogue”…

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Bullish Signal That Resulted In A 250% Increase In Bitcoin Is Getting Triggered Again

Bitcoin signals are usually a good way for traders to know what is coming into the market. They might not always be accurate, but they help to provide information on possible movement patterns in the market. Things like bitcoin green candles will show if the asset is going into another bull market. And usually, these indicators are used to place trades in the market. On this note, the last time that this signal was triggered, the price of BTC grew 250% following it. Related Reading | Bitcoin Dominance Down As Market…

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Poly Network offers to on board ‘Mr. White Hat’ as chief security advisor

Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisory position and $500,000 — whether they like it or not.  In a Tuesday update, the Poly Network team said in a seeming attempt to gain access to hacker’s expertise, it would be inviting them to the position of chief security advisor. In addition, the project will be sending a $500,000 bounty for the attacker, whom Poly dubbed ‘Mr. White Hat,’ despite the fact they have previously refused any payment. “Poly Network has no intention…

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