Bitcoin has long been called ‘digital gold,’ and true to its name, BTC has proven to be a store of value over the past few years, with the asset yielding better profits than gold or equities. As for gold, well, gold has been revered as the go-to store of value since time immemorial. With the...Read More
US privacy advocates are worried that the 4th amendment does not protect Bitcoin transactions after a court ruled that the FBI agents hadn’t violated the law when they accessed data of Coinbase clients. Bitcoin Transactions Reveal Deeply Personal Information A week ago, CryptoPotato reported that a three-judge panel of the Court of Appeals for the...Read More
Bitcoin was looking promising to take on the $9,500 level yesterday after finally breaking above a critical down-trending resistance. Unfortunately, the breakout was nothing more than an orchestrated trading strategy used commonly by Bitcoin whales to shake out retail traders and likely accumulate more BTC. And it worked. The Bitcoin-Bashing Bart Simpson Pattern Whenever there’s...Read More
Disclaimer: The findings of the following analysis attempt to foresee Chainlink’s price movements until the last week of July Chainlink was launched only in June 2019. However, a few weeks since its 1-year anniversary, the coin’s price on the charts seems to be unstoppable. LINK’s recent movements have been an extension of the recovery it...Read More
Disclaimer: The findings of the following analysis try to analyze the short-term impact of the price movement in Tezos’s market. The fourteenth-largest coin on CoinMarketCap’s list, Tezos [XTZ] was reporting a market cap of $1.93 billion while being traded at $2.62, at press time. With a YTD of 96%, XTZ’s market has already exhibited its...Read More
BitTorrent Inc users can now purchase goods and memberships on the platform with the USD-backed stablecoin of the leading cryptocurrency exchange Binance – BUSD. BUSD And BNB Changes On BitTorrent In a press release shared with CryptoPotato earlier today, the popular decentralized peer-to-peer company announced the introduction of the newest cryptocurrency asset on its platform...Read More
Many people kicked off 2020 with a lot of optimism, especially community members of the world’s largest cryptocurrency – Bitcoin. However not all things have gone according to plan. With most economies reeling from the effect of the global pandemic and a liquidity crisis pushing BTC’s price below $4k a few months in, Bitcoin price...Read More
If anyone in the community thought Brave browser is living up to its name, well, they might just be wrong. Very wrong. According to a recent tweet by Bold Browser, a newly-minted fork of the Brave browser, they are withdrawing any mention of any association with the latter from all their communications and statements, citing...Read More
The leading US-based cryptocurrency exchange and one of the biggest companies in the industry, Coinbase, reportedly prepares for an official stock market listing. Coinbase Prepares for Stock Market Listing According to a report filed by Reuters minutes ago, the leading US-based cryptocurrency exchange, Coinbase, has started making preparations for a stock market listing. Should the...Read More
With an unexpected pandemic crippling financial markets across the world, people all over have been trying to secure themselves financially. However, a volatile market is no one’s first choice. While many investors are still considering digital assets to diversify their portfolios and mitigate risks, Bitcoin remains the first and potentially only choice for many users....Read More
Stellar jumped above a 12-month high following 21% daily gains. Against Bitcoin, it’s currently trading just below 1000 SAT. XLM/USD: Stellar Facing Channel’s Resistance Key Resistance Levels: $0.1, $0.135 Key Support Levels: $0.0864, $0.077 XLM/USD. Source: TradingView Stellar saw impressive growth over the past four days, with almost 33% gains since the beginning of the...Read More
Following the latest impressive pump in the price of Dogecoin, largely attributed to the influx of TikTok-inspired traders, two major exchanges have added perpetual futures contracts for the coin. This allows users to essentially short DOGE with very high leverage. Dogecoin Receives The Spotlight As CryptoPotato reported yesterday, Dogecoin surged by over 100% in less...Read More
Bitcoin has been consolidating on the charts for over 40 days now, with its present movement in a way similar to the pattern traced just before a crash. However, while the community continues to remain optimistic due to the recent surge in the price of the market’s altcoins, BTC’s fate, at least in the short...Read More
Bityard is a cryptocurrency derivatives exchange that’s headquartered in Singapore, according to its official website. It accepts traders from more than 150 countries and claims to provide fast and secure cryptocurrency trading services. It’s important to note that Bityard is an exchange that operates entirely with derivatives. As such, there are no Bitcoin spot trading...Read More
Galaxy Digital CEO Mike Novogratz believes that Bitcoin will outperform gold in the upcoming months. However, he advised people to allocate more funds into the precious metal instead of the primary cryptocurrency because of the high fluctuations in its price. Buy More Gold Than BTC, Says Novogratz The former Wall Street hedge fund manager Novogratz...Read More
Bitcoin’s price hasn’t really made the breakthroughs most investors were expecting it to make after the block reward was halved for the third time this year. Despite Bitcoin’s lackluster price action, investor confidence in the coin hasn’t taken a significant beating, with the same evidenced by the overwhelming holding sentiment within the Bitcoin ecosystem. Interestingly,...Read More
The cryptocurrency market, for many traders, is now proving to be a good investment. Despite Bitcoin being stuck in a sideways motion for a long time, the same hasn’t been reciprocated by the altcoin market, with many of these alts showing signs of decoupling from the world’s largest cryptocurrency. XRP Source: XRP/USD on TradingView XRP,...Read More
There is no doubt that the hottest thing in the crypto industry at the moment is decentralized finance. However, Ethereum as its foundation still hasn’t caught up. Another day has heralded another all-time high for the total dollar value of collateral locked up in DeFi markets. That milestone has just hit $2.15 billion as more...Read More
Many of the market’s altcoins, including Cardano, Cosmos, and Digibyte, are hinting at a retracement after a healthy, exponential pump on the charts. While some of these didn’t have many developments to speak of, others like Cardano showed promise, especially in light of the upcoming hardfork for the implementation of Shelley. Cardano [ADA] Cardano’s price...Read More
With a pandemic still ravaging global markets, many investors have sought to look at it as the best time to make investments that might reap some rewards in the future. In fact, many traders have been looking to diversify their portfolios with the inclusion of digital assets as well, with Bitcoin being a notable part...Read More
Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility. Traders Held More Open Positions in...Read More
Following days of stagnant price actions, Bitcoin finally made a move and tested the $9,500 level where it got rejected. At the same time, most alternative coins are still in the green after yesterday’s impressive gains, hinting that an altcoin season may be in the making. BTC Tests $9,500 As CryptoPotato reported previously, the primary...Read More
