Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
Morning Coinheads.
In this edition of Crypto Espresso, Walmart wants its own cryptocurrency, LTC eyes an ATH, and what’s next for Maker?
US market close: Bitcoin Cash turns green
The prominent cryptocurrencies were mostly lower later on Tuesday after trading down for much of the morning. In afternoon trading, Bitcoin went 0.14% lower, ethereum sank 1.53%, while Litecoin went down 4.58%. Bitcoin Cash held onto gains, trading at 1.35% in positive territory.
MSG Sports (MSGS) NY Rangers offering first NFT
The New York Rangers National Hockey League (NHL) team is offering its first-ever non-fungible token (NFT) series in three separate tiers, the company said on Tuesday. The offering is in conjunction with the pre-game commemoration ceremony honouring former Rangers goaltender Hendrik Lundqvist on 28 January.
Bitcoin trades below $42,000 as interest softens
Bitcoin led the cryptocurrency market lower on Monday as the asset traded below $42,000 for the second time in less than a month. The move correlates with declining open interest in the Bitcoin futures market, which is often an indicator of investor appetite for risk assets, according to data from CME Group.
Walmart (WMT) signals plans to develop crypto, NFTs
American retail giant Walmart has signalled plans to develop its own cryptocurrency and NFTs by applying for several US trademarks.
Digital currencies need central bank framework: BIS chief
Global financial systems will require the underpinning of central banks amid the rise of big tech stablecoins and decentralised finance (DeFi), the general manager of the Bank for International Settlements (BIS) said in a speech on Tuesday.
Maker (MKR) price prediction: What’s next for the DeFi coin?
A look at the Maker Protocol, also known as the Multi-Collateral Dai (MCD) is the Ethereum-based blockchain that allows users to issue and manage the DAI stablecoin, pegged to the US dollar. MKR serves as a governance token of the Maker Protocol.
Litecoin (LTC) price prediction: heading back to all-time highs?
News that crypto whales have been buying up Litecoin over the last few weeks have added 5% of the supply to their holdings caused the price to rise some 15%. What is Litecoin worth? Can it really take on Bitcoin?
SuperFarm price prediction: can it make NFTs mainstream?
What is SuperFarm crypto? According to SuperFarm’s website, the project is a “a cross-chain DeFi protocol designed to bring utility to any token by turning it into an NFT farm with no code required”. This is a closer look.
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