The cryptocurrency exchange Poloniex allows up to $10,000 in daily withdrawals without actually requiring full Know Your Client (KYC) onboarding. According to a recent announcement published by the exchange on December 19, the new account tier has been created in reaction to the user feedback. “We’ve heard your feedback time and time again about wanting...Read More
In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators Question 8 Crypto Companies in Shenzhen Police Seize...Read More
Ethereum’s price action has been firmly tracking that of Bitcoin’s in recent times, although it has not been able to put as much distance between its recent lows as BTC has. ETH’s bearishness against BTC has come about as investors grow increasingly concerned about the hundreds of thousands of tokens currently held by a ring...Read More
Bitcoin has been facing some turbulent price action over the past several days and weeks, surging to highs of $7,700 this past weekend before hitting a region of resistance that has sparked a firm short-term downtrend that has led BTC down to its support in the lower-$7,000 region.This recent downtrend has shown few signs of...Read More
Maker Foundation has evidently established its presence in the DeFi ecosystem after it rolled out the Multi-Collateral DAI [MCD] along with Dai Savings Rate [DSR]. The release of MCD was via a voting system and the Foundation is continuing to do the same for every other release or update. In its latest blog post, the...Read More
The sheer number of developments in the crypto space that don’t gain any attention is staggering. WeDEX has now become the first decentralized exchange to utilize the LoopRing 3.0 protocol. For decentralized exchanges, evolution is necessary in order to survive. WeDEX is on the Right Track That also means these projects need to keep up...Read More
Bitcoin’s precipitous drop to $6,600 seen last month caught many traders aback; nearly no one, not even the top traders and analysts, expected for that price action to play out as it did in real life. Few predicted the subsequent bounce to $7,800, where BTC sits as of the time of writing this, too.Related Reading:...Read More
The major cryptocurrency payment service BitPay recently confirmed that there was a delay and outage of its Bitcoin payments service on December 22. The report shows that BitPay admits that the BTC payments were briefly unavailable for almost 3.5 hours on the website as the company was dealing with transaction issues.In fact, the Bitcoin news...Read More
Bitcoin’s recent bullishness has been thwarted by bears who have attempted to push the cryptocurrency back down to its support within the lower-$7,000 region, and it is imperative for bulls to support BTC above this region if they want to further extend their upwards momentum.Analysts are noting that Bitcoin’s current market structure does appear to...Read More
Looking back at 2019, the cryptocurrency industry witnessed the entry of several mainstream companies into its ecosystem. However, Facebook’s Libra project was the one that garnered the most attention. Even though the buzz around the project seems to have sobered down, it still is a hot topic of discussion. China wasn’t far behind, as the...Read More
Greece will not yet extradite Alexander Vinnik, a Russian national accused of laundering billions of dollars through the BTC-E exchange. Officially to be sent to France, a letter obtained by RIA Novosti appears to show that the U.S. will be the final destination. Greek authorities have put a hold on the process due to an...Read More
Ranked 19 on the crypto assets leaderboard, NEO is also known as the Chinese version of Ethereum. Although being 96 percent down from it’s an all-time high of ~$200, the token still has been a hit amongst traders off late. The question is can NEO really prove to be a winning investment next year? Let’s...Read More
2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning. According to data from Google Trends and...Read More
Following the recent freezing of around US$9 million of donations to the Hong Kong protest movement, demonstrators have now turned their attention towards financial censorship. With hostility against the banking industry rising, Bitcoin, as a censorship resistant asset, may well stand to benefit.The most recent manifestation of the ongoing civil disobedience has seen thousands of...Read More
Other than the bullish movement earlier this year, where ETH reached its 2019 high at around $360, the coin spent most of the year under the $220 mark. The recent Ethereum Istanbul upgrade also didn’t do ETH any favors, dropping to a value of $128 at the time of writing. Ethereum 1-day chart Source: ETHUSD on TradingView...Read More
Blockchain Capital Partner, Spencer Bogart, has been talking to Bloomberg about his predictions for Bitcoin in 2020. TL;DR – things will go vertical, and though he isn’t specifically referring to BTC price, that may well follow. The End Of The Horizontal Competition Era Bogart’s most anticipated element of cryptocurrency industry development in 2020 is to see...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month and $6,400 just days ago, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the...Read More
The Ethereum network is undergoing upgrade spree; just days before Istanbul, developers of the network revealed Muir Glacier. Named after a receding glacier in the United States, Muir Glacier was put forth to delay Ice Age which is also known as the difficulty bomb. This hard fork would delay the difficulty bomb for another 4...Read More
Every four years, the block reward for Bitcoin miners are cut by half. The previous halving took place in July 2016 and the next halving is expected to take place in May 2020. While the price of Bitcoin has been moving sideways without any major surge or fall, the community believes that the halving could...Read More
BitMEX is currently the dominant trading platform across the cryptocurrency market, and often speaks to or makes predictions about the state of Bitcoin with enough authority that people do indeed listen up intently.The post appeared first on NewsBTCRead More
Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000. Its decision to provide...Read More
The introduction of bitcoin derivatives has skewed the pricing mechanism of the top cryptocurrency, analyst says. In this environment, there’s no guarantee that the upcoming bitcoin halving will have a positive impact on price. | Image: shutterstock.com Bitcoin Asset manager claims most firms looking to speculate on bitcoin will use derivatives market instead of the...Read More
After a ~26% rise in value between the 17th and 18th of September, XRP’s 33% crash over the next 6 days shook the community, as the coin saw lows last seen over two years prior. Despite a relatively impressive boost from $0.22 to more than $0.31 over the next month and a half, it’s safe...Read More
Tezos fell by a steep 10% this week, making it the weakest performing altcoin out of the top 10 projects. Against Bitcoin, the cryptocurrency remains above strong support at 0.0002 BTC. Tezos still has surged by a total of 42% over the past three months as it climbs into the 10th ranked position. Key Support...Read More
The general sentiment among the traditional financial markets is at extremely high levels of greed, according to the Fear and Greed Index. At the same time, the chart suggests mostly fearful feelings among the cryptocurrency market, but could those emotions be an indicator of a trend reversal? Greed Sentiment In The Stock Market The Fear...Read More
Could the price difference between Bitcoin price on spot platforms like Coinbase and Tether-based platforms like Binance offer investors insight into if the crypto asset is currently a buy or a sell?The post appeared first on NewsBTCRead More
Altcoins started to give back gains in early Tuesday trading, as almost all top 20 cryptocurrencies are trading in the red. Ethereum is the worst affected in the top 10 cryptocurrencies. Bitcoin trades around $7,400, having peaked around the $7,680 level on Monday. TRON is trading down by almost four percent on the day, one...Read More
We’re almost in another halving year. The third Bitcoin halving is slated to be one of the biggest events since the inception of the cryptocurrency. Scheduled for 14, May 2020, the reduction of the block rewards is expected to lead to a price increase owing to the principles of supply and demand, but on the...Read More
Eastern European countries can benefit tremendously from cryptocurrency adoption. Government officials, particularly those in Uzbekistan, see things very differently, however. According to Sputnik, things have grown progressively worse for bitcoin ant altcoins in the country. Uzbekistan Sets the Wrong Example It now appears consumers are no longer able to buy cryptocurrency in the country. Instead,...Read More
Since bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat for crypto the fees are just as...Read More
