Three blockchain projects have teamed up to develop a Decentralized Finance (DeFi) savings project that allows investors to earn high-interest yields on stablecoin deposits, according to a Monday release. Anchor Savings Protocol Dubbed Anchor, the savings protocol is a joint venture between interoperable, scalable blockchain network Cosmos, decentralized web 3.0 blockchain interoperability network Polkadot, and...Read More
At press time, Tezos ranked 12th on CMC with a market cap of $1.7 billion. Priced at $2.34, it saw a 2.60% surge in the last day and from the looks of technical indicators, more is yet to come. Tezos Four-Hour Chart XTZUSD TradingView From the above chart, it can be seen that XTZ has been...Read More
Brazil’s CVM Says no to Binance Futures Trading: In a statement released on Monday, the Comissão de Valores Mobiliários (CVM) — Brazil’s securities regulator — announced the ban on Binance crypto derivatives trading in the country. According to the CVM, Binance is not authorized to offer securities trading in Brazil. For the CVM, crypto derivatives constitute...Read More
Kraken’s London-based subsidiary, Crypto Facilities, has reportedly become the first firm to get a trading license from the UK regulator, the Financial Conduct Authority (FCA). Kraken’s Crypto Facilities Becomes First in Europe With Trading License According to Financial News on Monday (July 6, 2020), the Multilateral Trading Facility (MTF) license will enable the crypto futures...Read More
Most altcoins do not have two legs to stand on. Non-specialized altcoins rarely brush the limelight with isolated pumps and dumps, while others rely on the price movement of Bitcoin. And when the king coin volatility runs dry, investors dilute their alt-bags. Such is the case for most altcoins, but not for the largest one...Read More
The US Federal Bureau of Investigations (FBI) said that the $15.3 million that a Nigerian scammer stole from two Chicago-based firms might not be recovered because the funds were converted to Bitcoin. Alleged Nigerian Scammer Arrested, But He Apparently Doesn’t Reveal Bitcoin Keys Nigerian media reported that Olalekan Jacob Ponle, nicknamed Woodberry, organized large-scale business...Read More
Bitcoin SV, at press time, stood just below Bitcoin Cash, at the sixth position. While Bitcoin Cash, its competitor, holds the position at 5th, BSV’s market cap is half of BCH at $2.85 billion. The coin has seen a 0.55% drop in the last 24 hours and by the looks of it, more is yet...Read More
A close above the critical level of $9,300 on today’s daily candle would put the primary cryptocurrency in an excellent position for another retest of the main psychological barrier at $10,000 (but hey, there is some resistance in between!). There is likely to be a lot of intense selling pressure at this point, however, as...Read More
During a quarter that began with Bitcoin recovering from its biggest single-day drop in seven years, punctuated with the halving and ended with a two-month stable run, one would think that altcoins would have a leg up. Well, that wasn’t the case. At least not for all the altcoins, but the biggest one of the...Read More
Crypto Volumes Plummet in June In June, both Top Tier volumes and Lower Tier spot volumes decreased drastically to $177bn (-36%) and $466bn (-53%) respectively. Spot volumes have gradually dwindled throughout the month of June, now representing roughly half of the daily volumes seen in the previous month. Institutional Options Volumes on CME Hit New...Read More
Bitcoin has not seen a bull run for almost 3 years now. With the last bull run ending on December 17, 2017, most people are yet to witness a bull run. This is an extended bear market and a pre-bull run phase, where the price has the least volatility. Perhaps, this extended bear run is...Read More
Pascal Boyart, an artist from France who became popular in the cryptocurrency community through his paintings, has finished yet another mural. This one depicts the famous Red Jester but with a twist to reflect the current problems that riddle the global economy. “Contemplation of the Red Jester” The Bitcoin community’s favorite artist, Pascal Boyart, took...Read More
When the March 2020 dump slashed over 50 percent from Bitcoin’s trading price and $60 billion dumped from its market capitalization, onlookers and market participants feared the worst, especially with the halving less than two months away. A massive price freefall in the midst of economic uncertainty and a decrease in the supply of a...Read More
XRP saw a sharp 6% price rise over the past 24 hours to bring it to $0.186. Before this, XRP was trading sideways along with the support at $0.175. Against Bitcoin, XRP rebounded from 1900 SAT to reach 2000 SAT. Key Support & Resistance Levels XRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.195, $0.20, $0.21.XRP/BTC:Support: 1950 SAT, 1900...Read More
Plus Token, Bitconnect, OneCoin, had one thing in common – an investment deal that sounded too good to be true and when something’s is too good to be true, it usually is. With One Coin Ponzi, Ruja Ignatova was the leader who managed to ‘enchant’ thousands, if not millions, of her followers into investing in...Read More
Cryptocurrency and tokenized commodity exchange Currency.com has obtained a license permitting it to operate in Gibraltar. News of the license being issued arrives at the perfect time for the Minsk-based trading platform, which is looking to expand into new markets. Currency.com is already licensed by Belarusian authorities, making the Gibraltar license the icing on the...Read More
The price jumped to $0.0178, following a 6% growth over the last 24-hours. Against Bitcoin, TRX broke out and slowly gained momentum after staying bearish for five months. TRX/USD: Tron Charges Back At March’s Resistance Key Resistance Levels: $0.0186, $0.0215, $0.023 Key Support Levels: $0.0168, $0.0149, $0.014 TRX/USD. Source: TradingView After establishing a three-weeks low...Read More
Among Bitcoin Cash, Dogecoin, and Dash, Dogecoin seems to be the most bullish coin. Bitcoin Cash BCHUSD TradingView The fork of Bitcoin and a competitor of Bitcoin SV, has seen a good surge of 4.74% in the last 12 hours, with the price trading at $228.37. The coin has a total market cap of $4.1...Read More
The business model of major organizations across the globe has evolved over the past decade. Companies are no longer bothered by one-dimensional challenges as improvement in communications is bringing different sectors together; accepting a different way of business through collaboration. One of the most valuable resources in modern-day digital industries is data, and data sharing...Read More
The popular cryptocurrency data analytics and trade execution service skew outlined an exciting comparison between current realized volatility levels and those before the crash to $3,200 back in November 2018. Bitcoin’s 10-Day Realized volatility at 20% According to information from skew, Bitcoin’s 10-day realized volatility is currently sitting at 20% – a figure that’s historically...Read More
With the start of a new quarter, slowly but surely some altcoins are moving out of Bitcoin‘s shadow. As the $9,000 mark does not look to budge for the king coin, some alts, led by the top two Ethereum and XRP are seeing wayward movement, but all of them are looking up. Source: BTCUSD via...Read More
Coronavirus is not just a medical issue. In light of the effect it has had on numerous economies, it is not something to take lightly, especially when you think of the fact that this pandemic has also significantly affected the way people around the world travel, work, study, and shop. Coronavirus is as much a...Read More
Bitcoin’s funding rate has largely been negative for more than 3 months while the price barely moved. This shows that not only is the volatility low but buyers are being evened-out by sellers. Bitcoin Funding Rate Source: Skew Funding Rate is used to measure the sentiment of an asset; to determine the dominating side –...Read More
A number of Chinese courts have reportedly used a designated blockchain-based technology to secure and monitor sealed properties. The so-called electronic door seals are now up for a trial in some of the country’s legal institutions, allowing surveillance, based on the novel technology. Electronic Seals To Keep Properties Safe A recent report announced that the...Read More
Bitcoin was trading in a tight range over the past range, but the last few hours were marked with notable volatility. The price tumbled to $8,893 on Binance, but it bounced back to $9,240, charting gains of about $350. This happened as futures for legacy market indices and stocks are also trading in the green...Read More
Bitcoin’s price has been under $9.5k since 25 June. Despite the sideways movement, a rise in selling pressure pushed the price of the coin between $9.2k and $9k, however, the dull movement of price cost the BTC network to lose many miners due to heavy operational costs. According to data, the BTC miner’s revenue slipped...Read More
Development updates from the Litecoin camp have been pretty thin on the ground recently as DeFi has been taking the crypto limelight. The good news is that the project’s scaling and privacy protocol, Mimblewimble, is still on track. Lead developer David Burkett recently posted the project’s June progress update, which confirmed that it is still...Read More
