$7000, $8000 and now $9000! Bitcoin continued its new-found bullish momentum, breaching past its recent major resistance at $9000. The latest spike marked the sixth time BTC marched above the 9000 range since its inception, triggering major bullish sentiment among the king coin enthusiast. Source: CoinStats With the big $10,000 resistance again under its radar,...Read More
The leading fungible cryptocurrency – Monero – witnessed a major network upgrade in November 2019, with the network seeing a shift from the CryptoNight R algorithm to RandomX. The upgrade was a part of its constant effort to ward off application-specific integrated circuit mining [ASIC mining], thereby ensuring mining decentralizing by empowering CPU miners. Interestingly,...Read More
Josh Goodbody, former Huobi counsel and regional director has now taken over as the new director of European and Latin American Growth and Institutional Business at Binance, the Malta-based crypto exchange, according to an official blog report. Goodbody will be in charge of building the exchange’s European and Latin American retail and institutional customer base....Read More
Sumitomo Mitsui Banking Corporation (SMBC), Japan‘s second-largest financial institution, has recently partnered with SBI Holdings to build a Blockchain-based financial service platform, according to a report. SMBC entered the partnership under the SBI umbrella intending to expand the distributed ledger services into corporate trade finance and individual bank remittances. Additionally, as a part of the...Read More
Bitcoin experienced a massive bout of volatility this morning that led it to plummet to $9,000 on popular cryptocurrency trading platform Bitmex before bulls stepped up and catalyzed a massive rally up to highs of over $9,500. This immense volatility has resulted in Bitcoin sitting at its recently established 2020 highs and has led analysts...Read More
The last years of the crypto market have been marked with increased volatility, and in order to alleviate the effects of sharp fluctuations, more stablecoins have been launched. The stablecoin is a rather new development in the crypto world. Even if they are also cryptos that run on blockchains such as Bitcoin and Ethereum, stablecoins...Read More
Blockchain research and intelligence service TokenAnalyst.io has some more bullish news for Bitcoin heading into February. BitMEX, the world’s largest Bitcoin derivatives market, has seen it fortunes turn on a dime from December to January. In December, the massive Bitcoin futures platform saw its cold wallet balance decline by approximately 1,000 BTC ($9.3 million USD...Read More
The last week of trading has undoubtedly been a successful one for Bitcoin and the entire cryptocurrency market. BTC’s price gained more than $1,100, charting an increase upwards of 13% in the past seven days alone. Despite the few ups and downs, the price seems to be comfortable above $9,400. Interestingly enough, Bitcoin is trading...Read More
Bitcoin could be primed for a repeat of the 2017 bull market according to one adoption metric. | Image: shutterstock.com Research firm Glassnodes came up with a new metric to gauge bitcoin adoption. The growth of this new metric appears to coincide with recent bitcoin rallies. It appears that conditions are right for this metric...Read More
Bitcoin Bitcoin saw a further 10% price surge over the past week as the number 1 ranked cryptocurrency breaks above the $9,000 level. It had found major support at $8,255 (short term .382 Fib Retracement), which allowed it to rebound and climb. Bitcoin went on to rise into resistance provided by the November high at...Read More
Ripple’s XRP-powered cross-border payment solution, On-Demand Liquidity [ODL] has seen an exponential rise since last year. The XRP/PHP trading pair on the Manila-based exchange Coins.ph, which leverages Ripple’s ODL, created a new record. Liquidity Bot Index revealed that XRP/PHP hit an all-time high of 2.7 million XRP on 29th January. Its previous high stood close...Read More
Andrew Yang is trying to provide a coherent strategy for cryptocurrency regulation and could be bitcoin’s best hope of reaching mass adoption. | Image: Justin Sullivan / Getty Images / AFP Yang: cryptocurrencies need “one national framework.” The U.S. is falling behind in crypto innovation. Yang may be bitcoin’s only chance at mass adoption. For bitcoin...Read More
DASH is showing strength across trading pairs with 4.5% growth The long-term bullish trend could continue once DASH reclaims the monthly high DASH may drop if the XABCD harmonic pattern completes DASH/USD: Buyers Target $137 To Complete Butterfly Pattern – Possible Bearish Reversal In Sight Key Resistance Levels: $137, $150Key Support Levels: $113, $97 Following...Read More
Bitcoin’s 2020 positive price movement will continue, according to the Managing Partner at Fundstrat Global Advisors, Tom Lee. He believes that both the fundamentals and the technical aspects of the largest cryptocurrency are intact to deliver excellent results throughout the whole year. Bitcoin Enters A Bull Run Bitcoin has recorded a seriously impressive month, starting...Read More
A recent report by Baidu has revealed a lot of details surrounding China’s cryptocurrency. According to the document, the country’s central bank will be the institution monitoring the digital currency. However, as expected, the ledger used for its creation won’t provide any kind of anonymity but rather allow the Government to monitor financial transactions closely....Read More
When the news of child porn website, Welcome to Video, was cracked down by the FBI with the help of Bitcoin, a majority of the community speculated that the cryptocurrency would cease to be the king coin of the darknet. Thereby, resulting in vendors opting for a cryptocurrency that would be privacy-oriented such as Monero....Read More
The U.S. based cryptocurrency exchange Coinbase has hired a former Google executive as a new Chief Product Officer (CPO). After over a month since the previous CPO left the company, the popular exchange has replaced him with Surojit Chatterjee. Coinbase Hires A New CPO In December last year, Jeremy Henrickson left his position at the...Read More
Jubi Exchange updates Because of regulatory pressure from Chinese authorities, Jubi exchange has ceased trading activity on 30th September 2018 About Jubi exchange Jubi is one the most efficient Chinese exchange that deals in digital assets such as crypto currency and virtual currency. The company started in 2014 and is operated by Beijing Zigong Technology...Read More
Bitcoin Futures demand saw a rise in 2020, with the Chicago Mercantile Exchange [CME] reporting a surge in open interest. While the recently acquired ICE – Bakkt noted a subdued performance, CME was bullish with strong June premiums, according to Arcane. However, according to the CEO of FTX, Sam Bankman-Fried, there was a divide between...Read More
Andrew Yang, who is currently running for the 2020 US Presidency, sat for an interview with Bloomberg, and he shared his stance on the matter of cryptocurrency regulations. According to him, the country needs to provide more clarity. However, he ultimately thinks that legislation can’t stop people to buy Bitcoin. Andrew Yang On Bitcoin Regulations...Read More
Cryptocurrency exchanges have gained a lot of popularity in the last few years. In fact, the top exchanges managing billions of dollars of transactions daily. making it an important part of the cryptocurrency industry today. In the year 2017, total trading volume in cryptocurrency exchanges surpassed that of stock trades. A statistic that would’ve been...Read More
Bitcoin is often touted as one of the safest ways to conduct business online. That’s mostly true since the cryptocurrency is built on a decentralized network with public access to transaction records. But the same can’t be said for all the places you buy and sell Bitcoin, in fact, quite some cryptocurrency exchanges have fallen...Read More
Coinbase Custody will now offer its institutional-grade crypto asset storage to clients through Europe via a regional base of operations in Dublin, Ireland. Today we’re announcing the launch of Coinbase Custody International, Ltd. Based in Dublin, Ireland, the new entity will offer the same industry-leading crypto asset storage that has made Coinbase Custody the world’s...Read More
