SFOX’s market report for this month showed that all major crypto-assets finished January with significant month-on-month gains — with some unexpected contenders like Bitcoin SV and Ethereum Classic rising by over 100%. While prices have been on the rise, coupled with substantial growth in offered institutional products and regulatory clarity, there are still several unknown...Read More
Lightning Labs, the developer of the Lightning Network, recently tweeted that the company is announcing a $10 million Series A funding round, while also launching the beta of the Lightning Loop, a paid app for merchants to use the Lightning Network [LN] for faster transactions. Commenting on the move, Co-founder and CEO of Lightning Labs, Elizabeth...Read More
Crypto investors have their foot on the pedal as bitcoin and altcoins reach multi-month highs. | Image: shutterstock.com The crypto market cap peaked near $278 billion on Thursday, the highest since August. Bitcoin reached an intraday high of $9,856.43, its best level since September. Despite seeing impressive results, bitcoin is being outperformed by its lesser-known...Read More
The cryptocurrency market has been witnessing a rise in the price of most crypto-assets. Led by Bitcoin, most major cryptos were a part of this bullish wave. Ethereum, the world’s second-largest coin reported YTD gains of around 57%, outperforming BTC’s gains of 35%. With the price of digital assets climbing, DeFi also managed to mark...Read More
Bitcoin’s firm 2020 uptrend is likely far from over. After incurring some intense selling pressure earlier this week, bulls fought back and propelled the cryptocurrency all the up to highs of $9,900, which is just above where it is currently trading at. This momentum has made it look increasingly likely that Bitcoin will soon make...Read More
SEC Commissioner Hester Peirce has publicly announced her proposal for a safe harbor for cryptocurrency token sales within the United States. Often referred to as “Crypto Mom”, Hester Peirce was first appointed to the U.S. Securities and Exchange Commission in early 2018 and has been a strong advocate for crypto ever since. And while this...Read More
One of the most heavily commented meetings in the cryptocurrency community finally took place. According to a recent report, Tron CEO Justin Sun had dinner with the legendary American investor – Warren Buffett, where they discussed digital assets and blockchain technology. Justin Sun Meets Warren Buffett In the summer of 2019, one of the hottest...Read More
With 4.08% growth under 24-hours, Tezos remains the 12th largest cryptocurrency by market cap. Tezos is stuck under 24000SAT level as buyers appeared weak against Bitcoin. Notwithstanding, XTZ is technically bullish across trading pairs. Key Resistance Levels: $2.3, $2.5 Key Support Levels: $2.05, $1.90 General Overview Since our previous price analysis, XTZ surged to reach...Read More
Ethereum’s imminent switch to a Proof-of-Stake consensus algorithm has been picking up significant traction over the past year. The divide between Proof-of-Work and Proof-of-Stake assets has also been increasing lately with Proof-of-Stake assets continuing to promote mainnet launches. However, PoW assets had an upper hand in 2019. According to a recent report, Bitcoin remains the...Read More
The Iowa Caucuses this year were an absolute catastrophe. The New York Times called it “a systemwide disaster.” The Politico hailed “The Death of Iowa” (as the first-in-the-nation nominating event). CNN said, “The Iowa caucuses just died forever.” Their credibility is undoubtedly in question. But it wasn’t the people of Iowa who failed. A buggy...Read More
Binance completed its latest Initial Exchange Offering (IEO) recently, and it brought faith back to those who invest. Even though there have been talks that IEOs are virtually dead because of the low returns that the last few of them brought, WazirX’s sale seems to have turned things around once again. WazirX Soars Over 600%...Read More
Japan is seemingly following the footsteps of China to ensure that they are not left out in the race for government-backed cryptocurrencies. The country’s lawmakers will reportedly release drafted proposals tomorrow (Friday) for the creation of their own central bank digital currency (CBDC). Countering China’s Digital Yaun Japan initially became interested in issuing a digital...Read More
Ethereum increased by 7.8% today, bringing the price for the cryptocurrency to $212. It managed to break above an ascending price channel against Bitcoin to reach 0.0218 BTC. The latest surge has increased the market cap to almost reach $23 billion. Key Support & Resistance Levels ETH/USDSupport: $200, $193.50, $185.Resistance: $212, $225.30, $235.15.ETH/BTC:Support: 0.021 BTC,...Read More
According to Coinmarketcap, a total of 5093 digital assets currently exist in the industry, at press time. This is a significant number since the larger crypto-community is involved in the investment and development of only a handful of these crypto-projects at the time. And while questions about the larger sustenance of the crypto-market remain, Bitcoin...Read More
[PRESS RELEASE] New York – February 5th, 2020 – Clear, a technology company that builds blockchain-based settlement and clearing networks for global industries and B2B commerce, has raised $13M in Series A funding. The round was led by the Fintech Strategic Investments group at Eight Roads, the proprietary investment firm backed by Fidelity, alongside Telefónica Innovation Ventures, Telekom...Read More
The U.S. Federal Reserve is experimenting with blockchain technology to establish potential use cases for a central bank digital currency (CBDC). Fed’s Governor Lael Brainard said this in a recent speech, but she also noted that risks still exist, and they have to be addressed before launching a digital currency. The U.S. Contemplating A CBDC...Read More
There have been various factors and crypto trends over the past years, which have significantly impacted or contributed to the adoption, price changes, and development of new digital assets. We will be taking a look at the main crypto trends that may shape the market in 2020. Altcoin Extinction? During 2019, more than 2300 new...Read More
Cryptocurrency is still seen as a good investment in 2020. But investing in a cryptocurrency is not an easy task. Due to their volatile nature and the high risk involved in them, people hesitate to invest in them. Where mining Bitcoin is still one of the most viable investments, it is not the only option...Read More
Two days ago, our latest edition of Bitcoin price analysis had the promising title – “The calm before the storm.” Yesterday we saw what a Bitcoin storm looks like: After recording a daily low at $9142 (Bitstamp), the coin had massively broken out from our mentioned Bull-Flag (at ~$9200), and from there, we witnessed the...Read More
2019 was not an easy year for crypto-derivatives exchange BitMEX. In July, the U.S. Commodity Futures Trading Commission (CFTC) launched an investigation into BitMEX to see whether it had deliberately allowed American citizens to trade on the unregulated platform. November saw the exchange accidentally leak sensitive user data through an error applying a blind carbon...Read More
Notice: Liqui.io exchange is out of business. It was the first exchange to shut down in 2019, and they hope they will be back soon. Liqui crypto exchange has closed down all services to users in January 2019. “We may be back soon. However, that depends on the market which has significantly changed since 2017....Read More
According to research by BitMEX, over 60,000 non-cooperative channel closures took place on the Bitcoin Lightning Network, out of which 72% were related to public channels and the rest were private channels. BitMEX took another look at these closures based on Bitcoin’s value, instead of the channel count-based metric. The 60,000 non-cooperative channel closures transactions...Read More
Crypto Exchange world is growing at a rapid rate, some of the exchanges have established strongly in the market. Among this one is Allcoin, which offers the most famous cryptocurrency exchange in the world. Read on for our complete Allcoin Exchange Review. Allcoin Exchange Review Quick Navigation : What is Allcoin? Allcoin is an exchange...Read More
XRP incurred a significant amount of upwards momentum over the past couple of days, which came about as Bitcoin and other major altcoins faced turbulence that put their recent uptrend at risk of being invalidated. It now appears that XRP was front running the general crypto markets, as BTC and other cryptos all incurred significant...Read More
