The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However, with stablecoins growing, the distribution and...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Chainlink market and its impact on LINK’s price The unwillingness of the market’s ninth-largest cryptocurrency, Chainlink, to align with Bitcoin’s price trend has made it one of the industry’s best-grossing assets. While the market rejoiced in the return of little volatility in...Read More
Satoshi Nakamoto — the pseudonymous Bitcoin (BTC) creator — may have mined over 1.1 million bitcoins if the details from a recent report are to be believed. Early Bitcoin miners like Satoshi were able to use CPUs to secure the network during the project’s infancy. The $10.9B Satoshi Stash According to a report by Whale...Read More
Cryptocurrencies like Bitcoin and Ripple changed the world in more ways than imaginable. Though they bring numerous benefits to the economics of finance, they attract a lot of attention from cybercriminals. After all, they are virtual currencies, and they can get lost or stolen as any currency stored digitally. And since they are a lot...Read More
Stablecoins have seen their importance in the crypto-market grow rather dramatically over the past year. For Tether, the world’s most popular stablecoin, the past few months have seen it surge past XRP to occupy the third position in terms of market capitalization. Tether’s growth since its launch in 2014 has enabled even greater adoption for...Read More
Ethereum saw an impressive 13% price surge today as the coin reached as high as $276. This allowed ETH to break out of the previous phase of consolidation and turn bullish. Against Bitcoin, Ethereum is attempting to create a fresh high-day closing candle for 2020. ETH/USD: Bullish Breakout Could Start Surge Toward $300 Key Support...Read More
Bitcoin and Ethereum are two of the most popular blockchains in the world. While Bitcoin was the first cryptocurrency, there’s not a lot of freedom to do with Bitcoin. However, Ethereum allows users to build contracts and other tokens that help build a whole new ecosystem. Due to its complexity, the Ethereum blockchain needs much...Read More
Bitcoin peer-to-peer (P2P) trading volume in several countries, including India, Mexico, and Argentina, has hit all-time highs this week, according to data from LocalBitcoins and Paxful. Regular People in Developing Countries Are Actively Trading Cryptocurrency During the last two months or so, Bitcoin has been more stable than ever, fluctuating between $9,000 and $10,000. Binance...Read More
XRP increased by 4% today as the bulls climb back above $0.2. The coin was trading at the .382 Fib Retracement for the majority of July and bounced higher from there. Against Bitcoin, XRP is within an acute descending triangle as the buyers battle to remain above 2100 SAT. XRP/USD: XRP Bulls Finally Reclaim $0.2...Read More
The Bank of Lithuania has officially launched its blockchain-based digital collector coin called LBCOIN. Although bank officials clarified that it’s not a CBDC, they suggested LBCOIN could eventually lead to releasing a central bank digital currency. Bank Of Lithuania’s Digital Collector Coin As CryptoPotato reported recently, the central bank of the Baltic country had finished...Read More
Disclaimer: The findings of the following analysis should materialize by the end of July After 6 weeks of steady consolidation and reduced volatility, Bitcoin is finally registering some movement on the price charts as it breezed past multiple resistances. After the crypto-asset’s exploits on 21 July, Bitcoin consolidated above $9333 for 24-hours, following which another...Read More
The increased number of fake Bitcoin giveaways on YouTube involving various celebrities has pushed Apple Inc co-founder Steve Wozniak to file a lawsuit against the platform and the parent company – Google. Wozniak Sues YouTube Because Of Fake BTC Giveaways Fake Bitcoin giveaways are a growing threat in the cryptocurrency industry. Scammers begin live streams...Read More
Link resumed its bullish trend after breaking above a crucial resistance line. Buyers may continue the trend if the price increases above the current monthly high. LINK/USD: Link Starts Fresh Increase From $7 Key Resistance Levels: $8.2, $8.6, $8.9 Key Support Levels: $7.6, $7.3, $7 Last week, Chainlink almost hit $9 after breaking above a...Read More
Bitcoin is on the move again on the charts, with the world’s largest digital asset rising to briefly touch its resistance at $9559. At press time, BTC was trading at $9496 with a 24-hour trading volume of $17.28 million. Source: Coinstats With many of the market’s altcoins joining the bandwagon (Ethereum, for instance, hiked by...Read More
The cryptocurrency industry has been churning out real-time use cases with some regularity to ensure adoption. Ripple is one such company, with the blockchain firm popularizing its on-demand liquidity [ODL] network far and wide. Ripple has had a strong partner in the game in the form of SBI Holdings, a banking conglomerate that has been...Read More
The Syscoin Foundation announced that the Syscoin Ethereum Bridge would be used and explored by the stablecoin of the world’s largest exchange, Binance (BUSD). Per the agreement, BUSD will be available on Syscoin’s network. The stablecoin, issued by Binance and Paxos, pegged 1:1 with the US Dollar, is approved and regulated by the New York...Read More
Ethereum, Binance Coin, and Ontology looked bearish at the time of writing, a surprising finding especially since it followed the latest surge in Bitcoin’s price. However, with DeFi and ETH gathering steam, the larger altcoin market seems to be enjoying a rally, and hence, this might be the best time to take advantage of the...Read More
Gold is one of the world’s most precious metals, one often stored in large vaults to ensure its security. Many cryptocurrency users have often drawn parallels between Bitcoin and Gold, going on to term it a Store of Value [SoV]. Despite its stagnated price, however, many of its users are holding on to the digital...Read More
On Wednesday, July 15, Twitter accounts belonging to prominent individuals, including Elon Musk, Barack Obama, Bill Gates, Jeff Bezos, and a number of crypto industry executives, were commandeered by hackers who allegedly gained access to internal content moderation tools. A scam was posted requesting Bitcoin to get double the returns. The news went global, and...Read More
Bitcoin price has finally printed a higher high for the first time in over 50 days, after breaking bullish from the apex of a consolidating pennant (yellow lines on the daily chart). Over the last seven days, $16 billion had flooded back into the global crypto market, helping to drive the leading crypto and a...Read More
In a previous Tezos analysis, a short position with a risk-to-return ratio of 1.69 was provided. The price not only followed through with short targets, but headed even lower [$2.77], providing total profits of 13.84% if the position stayed open. At the time of writing, Tezos [XTZ] was trading at $3.06, with its price registering...Read More
Reacting to positive news from the US, Bitcoin continued its decisive move forward, reaching an intraday high of $9,560. On its way up, the primary cryptocurrency took most of the altcoins along for the ride, and they managed to decrease BTC’s dominance to 61.6%. Bitcoin To $9,500 Following weeks of stagnant price actions, Bitcoin made...Read More
The latest price movement in the Bitcoin market pushed the price of the cryptocurrency over $9.5k, with the altcoin market also mirroring its gains soon enough. However, compared to the world’s largest digital asset, the altcoin market has been noting some pressure building up, making many alts take the bearish journey going forward. XRP Source:...Read More
Ethereum is currently one of the top-performing high capitalization crypto assets with a surge of 11.5% on the day to reach a five-month high of $270. ETH on a Tear The move was initiated a few hours ago following weeks oscillating between $225 and $245. A minor pullback has occurred as trading begins in Asia,...Read More
