Bitcoin recorded its fifth-largest hourly price drop in its history on 19 February. This fall slashed its price from $10,214.98 to $9,573.74, a significant drop as the coin’s price was once again restricted under the $10k resistance. A similar drop was recorded when Bitcoin was at its peak in 2017, following which the price plunged....Read More
Facebook’s potential upcoming global cryptocurrency project, Libra, has received positive news from Shopify. The Canadian multinational e-commerce giant announced today that it would join the Libra association to create a safe and accessible payment network. Shopify To Cooperate With Libra Almost immediately after its announcement in mid-2019, Libra became a target of regulators across the...Read More
The crypto-market’s bullish rally has been collectively sour over the past week after major crypto-assets registered significant drops. Bitcoin went below the $10,000 level again and considering the fact that the world’s largest crypto-asset usually plays a major role in other assets’ movement, certain mid-cap assets were analyzed to understand the level of impact felt...Read More
Unregulated Futures exchanges, exchanges that boast of higher volumes than their American counterparts, have taken a beating as Bitcoin remained locked in the $9,700 range. The three top Bitcoin Futures exchanges – BitMEX, OKEx, and Huobi, saw their volumes and open interest dip. Earlier in the week, Bitcoin had broken into its golden cross, climbing...Read More
Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, we reveal key takeaways from the upcoming Bitcoin halving as well as Ethereum’s newest competition. To date, Bitcoin has undergone two halvings (2012 and 2016), and we are quickly approaching the third. For background, Bitcoin pioneered a deflationary economic...Read More
After breaching its psychological resistance of $0.30 on 13 February, XRP registered a largely bearish period till 20th February, with the third-largest token depreciating by 24.68 percent over 48-hours. XRP went down to $0.261 on 20 February but at press time, the crypto-asset had managed to stabilize at $0.274. According to CoinMarketCap, the asset’s valuation...Read More
The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden Cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price...Read More
Bitcoin’s recent price action has made it incredibly unclear as to where the cryptocurrency could be positioned to move next, with its recent drop below $10,000 suggesting that bulls do not have enough strength to surmount the resistance that exists around this price level. In the near-term, Bitcoin’s bullish reaction to its recent drop to...Read More
If you want to know what happened over the past week in the world of crypto, but can’t be bothered scouring all the news sites, here is our weekly news summary: Coinbase Becomes VISA Principal Member Source: Coinbase blog According to a blog post made by Coinbase this Wednesday, they have become the “first pure-play...Read More
OpenNode, a BTC payment processor announces its plans of testing a new payment solution that will allow its merchants to receive payments in Bitcoins. According to their official announcement, the firm has launched a pilot program to test the feasibility of such a procedure over a few months. Want to accept traditional currency and automatically...Read More
Ethereum‘s 12.43 percent drop on 19 February led to an unexpected slump from $283.82, all the way down to $252.14. Major support levels at $274.81, $270.84, $262.10, all turned to become resistance for a brief period. The pullback continued till 12:00 UTC on 20 February, after which the price underwent some recovery. According to CoinMarketCap,...Read More
Using centralized cryptocurrency trading platforms and custodians comes with a certain amount of risk as investors rely on the expertise of the exchange’s management team. Over the past eleven years since the creation of Bitcoin, there have been many reports of crypto exchanges that have either gone bankrupt or pulled an exit scam, leaving traders...Read More
The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom Chignell. He warns that such markets provide more room for race-fixing, and authorities should monitor and act accordingly. Unregulated Cryptocurrency Bookmakers Pose A Threat Hong Kong Jockey Club is one of the oldest racing establishments...Read More
As governments and regulatory bodies shift their focus onto the cryptocurrency industry, many players are now focusing on stepping up their efforts to be more mindful of local laws and regulations. Since their inception, cryptocurrencies have battled an array of narratives, such as the notion that it is commonly used by money launderers, drug traffickers,...Read More
Bitcoin Bitcoin witnessed a turbulent week after dropping by a total of 5.5% to bring the cryptocurrency back beneath $10,000. During the sell-off, Bitcoin fell beneath the previous rising price channel but has managed to rebound at support at $9,552, provided by a short term .236 Fib Retracement. Looking ahead, if the buyers push higher,...Read More
Chainlink has seen a strong 52% price increase over the past fortnight as it reaches $4.29. The cryptocurrency was unable to overcome the 2019 high at $4.81, causing it to roll over and fall by around 10% this week. Against Bitcoin, LINK has been clocking fresh ATH’s as it reaches as high as 0.00049 BTC...Read More
Bitcoin really hasn’t done too well over the past day or two. As detailed in previous market updates from Ethereum World News, the price of the leading cryptocurrency has been subject to extreme volatility, falling from $10,300 to as low as $9,200 (on some exchanges) in the span of a few hours. This dramatic move lower...Read More
Trading is one of the quickest ways of generating money. In this era, advance know-how has brought a revolution in the stock market. Appropriate knowledge and trading experience, made entering in stock sector possible with a smash. Unless earlier, trading seems to be a tedious task as you have to search a broker and through...Read More
IOHK introduced an important update on 20 February as an intermediary step before launching the Shelley era functionality on the Cardano mainnet. The team announced the successful implementation of its Ouroboros BFT hard fork that replaced the original consensus protocol Ouroboros Classic [Byron Era]. @Cardano, the twitter handle of Cardano Community, informed, “We have now...Read More
The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine...Read More
Bitcoin, just like Bitcoin, is sometimes having wild moves that are unexpected. As we mentioned in our recent price analysis, the last week was very volatile and abnormal for BTC. After breaking the bullish uptrend, followed by 38.2% corrections, we started to witness the abnormal behavior: Bitcoin dropped down almost to $9400 before a pump...Read More
Last weekend, the world’s Ethereum fanatics, developers, founders, and companies descended on Denver, Colorado to discuss developments regarding their favorite blockchain. The event they were attending was ETH Denver, a hackathon and convention for all things Ethereum. While the premise of the event was centered around the second-largest blockchain (by its native cryptocurrency’s market capitalization),...Read More
One of the controversial issues Ripple CEO recently talked about was “India v/s Crypto Regulation”. While RBI v/s Crypto is still a burning topic, Brad Garlinghouse stressed that the crypto industry must be ready to greet regulations with open arms for them to make any progress. Garlinghouse on Crypto in India Brad Garlinghouse during an...Read More
XRP hasn’t done too well ever since finding a local top last week. Since peaking at $0.34, the price of the leading cryptocurrency has fallen off dramatically, tanking over 20% to as low as $0.265 or so on Wednesday. Despite this strong pullback, there remain many analysts that expect for XRP to surge even higher...Read More
