It is impossible to keep Ethereum out of the headlines at the moment. The anticipation surrounding Ethereum 2.0 was keeping the largest altcoin omnipresent but currently, the immense growth of DeFi is doing the trick. According to Coinmetrics’ recent State of the Network report, DeFi is currently assisting Ethereum to register new highs with regards...Read More
National banks and federal saving associations can now offer crypto custody services to customers following approval from regulators in the country. OCC Okays Crypto Custody Operations for US Federal Banks According to a letter issued by the Office of the Comptroller of the Currency (OCC) on Wednesday, U.S. Federal banks can now offer crypto custody...Read More
Bitcoin miners play an important role in securing the network, however, the current year has put quite a few hurdles for miners to stay afloat. As the difficulty in mining increased, the adjustments helped the miners to run operations smoothly after Black Thursday and the halving. However, in June the network saw its biggest difficulty...Read More
Open interest for Bitcoin Futures on major derivatives crypto exchange BitMEX reached an all-time-high (ATH) as it crossed the $1 billion milestone. The record high happened for the first time since the crypto market crashed back in March 2020. Bitcoin Futures Open Interest on BitMEX at 4-Month High According to data from crypto derivatives market...Read More
Bitcoin is the world’s largest cryptocurrency and its users have in the past decade seen the crypto’s use-cases diversify quite dramatically. As BTC’s price stood at $9,309.19, the financial bandwidth of the network, also known as the economic throughput has been rising. The metric measures the financial bandwidth of Bitcoin by utilizing its transaction count...Read More
The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels. Median BTC Transfer Volume up 100 Percent Since 2020 Beginning As...Read More
Disclaimer: The following price prediction foresees a little bit of volatility as a breakout may occur under a week. After its recent ascend to over $0.193, XRP was able to resist an instant correction below the support, but over the past few days, the asset was hinting towards the possibility of a dip. With the...Read More
AVA Labs, the team behind Avalanche, an open-source platform for launching decentralized applications in a highly-scalable ecosystem, recently raised $42M in a 4.5 hour-long token sale last Wednesday. The sale marks one of the largest ICO’s out of the U.S. since 2017. Avalanche’s Recent Key Hires AVA Labs, founded by Cornell Ph.D.’s and led by...Read More
Bitcoin has long been touted as an uncorrelated asset among many things. However, this narrative seemed to have been questioned after enduring the brunt of the pandemic. Since then, stocks have risen, fallen, and are hitting new levels but the same cannot be said for Bitcoin. Bitcoin, tech and social media Source: BTCUSD TradingView The...Read More
Weiss’ significant technology and entertainment industry experience includes his current role as General Partner and Chairman of Global Blockchain Ventures and as former President, Worldwide Operations, Disney Parks and Resorts Dubai, UAE, July 21, 2020, PlayFuel, the company bringing the power of blockchain technology to the gaming world today announced that Al Weiss was appointed...Read More
Ethereum saw a small increase today as it attempts to break the resistance at $245. Against Bitcoin, Ethereum retested the 0.0263 BTC level. ETH/USD: Bulls Looking To Break Above Ascending Triangle. Key Support Leves: $225, $215, $210.Key Resistance Levels: $245, $250, $265. Ethereum was trading at the lower boundary of an ascending triangle pattern earlier...Read More
Disclaimer: The following article attempts to analyze the evolving trends in the Bitcoin Cash market and its impact on the price. Even though the altcoins have been witnessing independent movement from that of Bitcoin’s price action, the king coin’s hard fork Bitcoin Cash [BCH] has been unsuccessful in doing so. The Correlation between BTC and...Read More
The continuous growth of the most widely utilized stablecoin Tether (USDT) has pushed its total market capitalization above the coveted $10 billion mark. On a monthly scale, the rise is even more impressive as it has doubled since March 2020. Tether Takes Over $10B Market Cap Tether, or as it was initially named – Realcoin,...Read More
The well-known economist and gold proponent, Peter Schiff, commented on the recent increase in the price of silver, saying that the metal has essentially become “the new Bitcoin.” The latter, on the other hand, has been particularly stable. Yesterday, the price gained just shy of two percent, which was the most action Bitcoin saw in...Read More
The Ethereum derivatives market, like its spot market, was lying low. The last time the Options market witnessed increased activity was on 26 June, wherein a bulk of contract expiry was supposed to take place. According to data provider Skew, the Open Interest [OI] on 26 June was close to $170 million, which shrunk close...Read More
Often referred to as the ‘Chinese Ethereum,’ NEO has teamed up with the state-backed BSN to drive mainstream adoption. NEO will become one of the technological pillars of the BSN, which includes tech and payment giants such as China UnionPay and China Mobile, in addition to the Chinese State Information Center, the official announcement stated....Read More
Over the past 24-hours, Bitcoin finally registered a stark price increase in the charts after collapsing on 16th July. Currently, Bitcoin has a trading price of $9353 and a 24-hour trading volume of $6.1 billion and few of the altcoins followed its cue. Source: CoinStats However, the same cannot be said for all the assets,...Read More
Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark. ‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’ Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’...Read More
After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts. Bitcoin Is Alive The last time the primary cryptocurrency stood above $9,300 for more than...Read More
After testing the range high at 1446 sats [$0.1337] Cardano seems to be heading south and has already depreciated by 10.48%. However, this dip is not all bad, as a small pump might be on its way. With the formation of a descending channel, ADA’s price is looking at a 4-8% surge, perhaps even 13%...Read More
After June 2020 had won the title for the least volatile month for Bitcoin since October 2019, then came July. So far, this month, Bitcoin had been trading in even a tighter range. The primary cryptocurrency had been adequately following the $9200 price, surrounding it, refusing to leave it, despite the ongoing craziness of the...Read More
