Over the year so far, Bitcoin has demonstrated interesting correlations with legacy markets. During the crash, largely-induced by the spread of the novel coronavirus and for a period after that, the cryptocurrency was trading in line with the stock market. Now, however, it appears that Bitcoin is largely perceived as a safe haven as it...Read More
While most crypto-users have welcomed regulations that are now being developed for the digital assets market, it hasn’t always been smooth sailing when governments and regulatory bodies have confronted compliance-related challenges. While more regulations have helped the industry grow and even improve user and investor confidence, there are questions of data privacy that have arisen...Read More
The crypto-market has been noting a lot of momentum lately, especially in light of price volatility making a comeback. With prices heading north, Bitcoin and many of the market’s altcoins have offered great returns for investors. However, while traditionally many have leaned on Bitcoin, traders may now be eyeing altcoins for the long-term over the...Read More
Bitcoin’s network is known for a lot of things, and low transaction fees are undoubtedly one of them. Less than an hour ago, we saw another example of this as upwards of $1 billion worth of BTC was transferred from one address to another for a fee of $4 at current rates. $1 Billion Worth...Read More
Disclaimer: The following article attempts to analyze the evolving pattern in Chainlink’s long-term market and its impact on LINK’s price Unlike most cryptocurrencies in the market, Chainlink has been climbing the price ladder for a long time now. Despite the larger market noting staggering periods of depreciation recently, its growing market capitalization has pushed LINK...Read More
XRP saw a strong 23.5% increase this week as it climbed as high as $0.321. The coin has dropped slightly as it trades at $0.30. Against Bitcoin, XRP reached as high as 2800 SAT before falling into the 2555 SAT support. XRP/USD: XRP Bulls Find Resistance at Bearish .886 Fib Retracement Key Support Levels: $0.3,...Read More
Regulations have helped the crypto-market establish a greater degree of credibility over the past 18 months. With an increase in interest for crypto from traditional and institutional investors, the importance of greater regulatory clarity cannot be overstated. However, given the fact that the crypto-market is rather diverse and that coins like Monero and Zcash have...Read More
The large cryptocurrency asset manager Grayscale Investments has filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for its Grayscale Ethereum Trust. Should the application be successful, the ETH Trust will be the second company product designated as a digital asset investment vehicle reporting to the SEC after the Grayscale...Read More
Medalla, Ethereum 2.0’s final public testnet, went live on 4 August with over 20,000 validators. This testnet was the final leg before ETH 2.0 goes live tentatively by the end of 2020. According to Beaconchain block explorer, with 21,605 current active validators, approximately 691,360 ETH have been staked. Medalla’s launch may have also contributed to...Read More
By working together with the US Federal Bureau of Investigation (FBI), German law enforcement agencies have seized nearly $30 million worth of Bitcoin and Bitcoin Cash from two men allegedly running a large pirate streaming website called Movie2K. Movie2K’s Backstory The pirate streaming website began operating in 2008 and ran until 2013. In that timeframe,...Read More
Disclaimer: The findings of the following article analyze the present volatility in the market after Bitcoin’s recent breach of $11,500 After perfectly moving in line with the rest of the crypto-market, Bitcoin, the world’s largest cryptocurrency, finally registered a rally of its own after BTC surged over the crucial $11,500-mark. While many expected BTC to...Read More
Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same. Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’ As per a Reuters article, the Japanese Financial Services Agency boss has shared...Read More
XRP, IOTA, and even the recently-popular Dogecoin were all facing resistances, at the time of writing, with these cryptos headed down towards their immediate supports on the charts. However, these cryptos are likely to have a brighter future in the near-term, with a surge of at least 10% expected. XRP Source: XRPUSD on TradingView With...Read More
The Chinese central bank digital currency (CBDC) could be approaching its long-anticipated launch as new reports indicated that multiple local commercial banks have begun conducting trials of a digital wallet application linked to the CBDC. Chinese Banks Test Digital Wallet App For CBDC In the latest turn of events regarding China’s future digital currency, a...Read More
The last few months have been pretty fruitful for Cardano. Not only did its native cryptocurrency, ADA, perform exponentially on the charts, but Cardano also hit a major milestone recently following the much-anticipated Shelley hardfork. In what is more good news, popular crypto-exchange Bitfinex has announced that it will be listing ADA on its platform,...Read More
Bitcoin bulls look pretty tired right now. The leading cryptocurrency has printed the first lower high since July 21 and is currently stalling around the 0.786 Fibonacci level (white lines) at $11,743. We’ve also seen $4 billion exit the market in the last ten hours, which seems to suggest that some traders are cashing out...Read More
Bitcoin, the world’s largest cryptocurrency, managed to surge past $11,500 over the past few hours. However, altcoins such as Ethereum, EOS, and Cosmos seemed to have missed the cue as they couldn’t piggy-back on the rally. Ethereum continued to struggle in its attempt to breach the $400 range, whereas EOS registered a minor drop. For...Read More
Ethereum Classic has been in the wars again with a second 51% attack within a week. This incursion has brought the security of the network under the spotlight again, though ETC prices remain largely unmoved at the time of writing. Earlier today, August 6, Etherchain.org tweeted that its Ethermine affiliated mining pool had disabled ETC...Read More
At the time of writing, Tezos was ranked 13th on the charts with a market cap of $2.32 billion. With XTZ priced at $3.14, the crypto was registering a decline of 1.05% over the last 24 hours. However, when XTZ’s lower time frame charts are observed, it would seem that more of these declines may...Read More
The month of July re-introduced the cryptocurrency market to price volatility, one that resulted in the market’s large-cap cryptos surging and even dumping slightly on the charts. However, this volatile market did contribute to some cryptos gaining significantly. At press time, many of these cryptocurrencies were still undecided over which trend to follow. Litecoin [LTC] ...Read More
Bitcoin has recovered some of its dominance over the market in the past 24 hours after breaking above $11,600. At the same time, large-cap altcoins have calmed and even taken a hit, but fluctuations are evident among lower-cap alts. Bitcoin Moves Ahead As CryptoPotato reported a few days ago, Bitcoin’s price chart was forming a...Read More
Grayscale Investments has been loading up on digital assets for a while now, more so when prices have been depressed. Its Bitcoin Trust enables investors to gain exposure to the price movement of BTC through a traditional investment vehicle. This is a bonus for institutional investors seeking to expand their portfolios but not wanting to...Read More
