A new artist-focused NFT trading platform has unveiled a $20 million fund to help artists tokenize and sell their works. In the first week since launch, Revival NFT Marketplace has exploded in popularity, achieving total weekly transaction volumes of $1 million. The first artist to be featured on Revival was Edison Zhang, a well-known Chinese street artist, muralist, and graphic designer. The NFT of his artwork Crowded sold for 255 million LOL tokens — equivalent to $71,135. Another, The Beauty and Pain of Pangolin, sold for almost one million IOST. The IOST-powered Revival NFT platform has been built to be …

The world’s second-largest crypto asset has gained ground on Bitcoin (BTC) in terms of trading volume growth during the first half of this year according to a new report. Ether’s trading volume grew faster than Bitcoin’s in the first half of this year, according to a new report from leading American crypto exchange Coinbase. The Coinbase Institutional “H1 2021 in Review” report, released on Monday, acknowledged that the first half of this year has been one of the most active periods on record for crypto, with several new all-time highs in prices, user adoption and trading activity. Taking data from …

The stock and cryptocurrency trading app Robinhood is reportedly exploring a way for users to be better protected from volatile crypto prices. According to a Tuesday Bloomberg report, the trading app is working on a feature called “price volatility protection,” which would modify certain crypto orders depending on fluctuations in price. A message in the feature’s code says Robinhood “may sometimes skip your recurring orders or buy less than your chosen amount” to protect trades from price volatility, but will inform users before taking such action and to never purchase more than the amount selected. “We’ve been doing a lot …

The derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC) as collateral for trading crypto derivatives. The development comes courtesy of a strategic collaboration between the Singaporean crypto derivatives trading service and USDC stablecoin issuer Circle, as reported by Crowdfund Insider on Monday. Bitget will support USDC margins for Quanto Swap Contract trading as part of the partnership, a move the exchange says will provide more liquidity for the market. USDC now joins Bitcoin (BTC), Ether (ETH), EOS, and XRP as accepted margins for Quanto Swap contracts. Bitget launched Quanto Swap contracts …

Cryptocurrencies have garnered something of a reputation as being fast, dangerous and lethal for many — so much so that the average investor is scared of digital assets. The volatility that’s associated with this new asset class has also meant that gaining exposure to the world’s biggest coins has been likened to an experience that’s not for the faint-hearted — or, in traditional investor terms, “not for the wise.” Inevitably, this will spark endless debate on whether crypto is something for everyday consumers to be scared of. Is investing a small percentage of one’s portfolio into digital assets prudent or …

Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection. After introducing a 20x leverage limit for new users on July 19, Binance Futures is preparing to apply the same limit for existing users soon, Binance CEO Changpeng Zhao announced Sunday. “We didn’t want to make this a thingy,” the CEO said, noting that the new restrictions will be applied “over the next few weeks.” .@binance futures started limiting new users to max 20x leverage last Monday, Jul 19th, 7 days ago. (We didn't want to make …

Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it is necessary to identify and close a trade as soon as the trend starts to reverse. One classical setup that is considered reliable in spotting a trend reversal is the head-and-shoulders (H&S) pattern. On the longer timeframes, the H&S pattern does not form often, but …

On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum. This is exactly what happened with some of the coins that saw a greater increase in average daily tweet volume this month, compared with the last. KuCoin Shares (KCS), which went up from $7.40 on July 4 to $14.20 on July 14, generated a staggering increase in average tweet volume, totaling more than 1,100% …

Australian "buy now, pay later" (BNPL) firm Zip is looking to enter the crypto market by offering trading services to users within the next 12 months. Zip co-founder Peter Gray told Reuters on July 22 that expanding support for crypto trading services and providing a digital wallet were two of the top requests from its clients. The co-founder kept his cards close to his chest, however, and didn’t outlay a specific roadmap or timetable to get there. “We know our younger generation of customers seek additional products and services that are relevant to them,” Gray said. The Afterpay competitor serves …

Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain. These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data from altcoin derivatives volumes and the Bitfinex U.S. dollar lending rate. Altcoin volumes in futures markets indicate overheat The futures contract volume is usually triple that of, or even five times higher than, regular spot markets. This …

A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign. In the legal document, David Suski, the plaintiff, said he was deceived into trading $100 of Dogecoin (DOGE) for an entry into a $1.2 million sweepstakes offer on Coinbase. The document claims that Coinbase failed to communicate that a person could enter the sweepstakes without purchasing $100 of Dogecoin. The first day Dogecoin was available for trade on Coinbase, June 3, 2021, the company sent out an email to users about the sweepstakes stating “Trade Doge, Win Doge.” The …

Stock and cryptocurrency trading app Robinhood is expecting its quarterly revenue to decrease based on significantly high trading volume earlier this year. In an amendment to its Form S-1 filed with the United States Securities and Exchange Commission on Monday, Robinhood reported that its trading activity for January and February was "particularly high" but had dropped by the end of the second quarter of 2021. According to the trading app, it expects its Q3 2021 revenue to be lower "as a result of decreased levels of trading activity relative to the record highs in trading activity, particularly in cryptocurrencies." Robinhood …