It feels like just a few weeks ago we were talking about Bitcoin’s $10,000 breakout, and now the cryptocurrency is positioned to go past $12,000. This wouldn’t be the first time Bitcoin has broken over this level in the past few days, but if it manages to stay above the same for at least a...Read More
The UK Metropolitan Police Service (MPS) has arrested a 35-year old woman and seized over $150,000 worth of Bitcoin as part of an investigation into fraudulent applications for government-backed loans for businesses affected by the COVID-19 pandemic. MPS Seized $150K Worth Of BTC The MPS (or Met) announced that the Proactive Money Laundering Team had...Read More
Over the last few months, it would seem that much of the altcoin market has been driven by its own momentum and the organic developments in its own ecosystem. This is a good thing as such movement has given credence to those who believe that one day, these alts may, to a great extent, move...Read More
After doing well to surge past its previous resistance on the charts, Bitcoin, at the time of writing, seemed to be gaining strength. While it did so, most of the market’s altcoins were reacting differently to the same. Many of these alts seemed to lack momentum on the charts, which is why many of them,...Read More
This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector. Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t...Read More
Ethereum has been indicating strong signs of bullish momentum in the cryptocurrency market. The second-largest digital asset has been on an upwards journey since mid-July and witnessed another boost in terms of its price on 13 August. As the price of Ether surged by 18.55% within a day, the value of ETH peaked at $432.94....Read More
Bitcoin (BTC) Bitcoin is more or less around the price it was traded a week ago, but this comes after a raging week as the coin plunged to a weekly low around $11,100. Shortly before, Bitcoin made another push towards the current high at $12,100 (1.272 Fib Extension), for the second time in 10 days....Read More
Leaving aside the fact that Bitcoin has been a strong ‘buy’ for a number of years [except 2015 and 2018, if we’re being picky] short-term traders get very anxious looking at the immediate price movement of Bitcoin. In times like these, it is better to be a hodler than a trader, but what if there...Read More
StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart. Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can...Read More
Apart from the value of the second-largest asset, another feature driving people’s attention towards it was the spike in its gas price. The amount of fees being spent on the Ethereum network has reached an all-time high. Data from Glassnode suggested that over 17,500 ETH [USD $6.8 million] were currently being spent on fees daily...Read More
Disclaimer: The following article attempts to analyze the short-term impact of emerging patterns in the Ethereum market along with its price. On late 13 August, the Ethereum market rallied by at least 10% within 5 hours, as the price of the second-largest digital asset surged from $391 to a peak of $432. The sudden boost...Read More
With 2020 proving to be a year quite unlike any, there is a lot of debate around how cryptocurrencies can emerge quite successfully amidst the extreme uncertainty that has taken over the economy. For Bitcoin, the world’s largest cryptocurrency, 2020 was important as it underwent its third block reward halving, an event that reinforced its...Read More
Although gold and Bitcoin are considered similar asset classes because of their maximum supply, that of the precious metal may increase substantially in the following years if Elon Musk’s SpaceX decides to mine gold and other metals from asteroids. While explaining the merits of Bitcoin to the popular Wall Street trader Dave Portnoy, the Winklevoss...Read More
Digital assets such as Bitcoin, Ethereum, XRP, etc, have become popular household terms in the financial world over the past decade. With its initial objective of easing the process of payments and transactions, the cryptoverse has become extremely competitive over time. Several years after the Bitcoin idea of a decentralized cryptocurrency was evident that cryptocurrency...Read More
The United States has finally joined the bandwagon of countries testing a central bank digital currency (CBDC), Thursday reports revealed. Governor Lael Brainard said during a virtual technology event yesterday that the US Federal Reserve, in collaboration with research teams from Boston Fed and Massachusetts Institute of Technology (MIT), is conducting experiments with a hypothetical...Read More
Binance Coin now finds itself on the fringes of the top-10, occupying the 10th spot owing to the consolidating movement of the new entrant Chainlink following its recent surge. With a market capitalization of $3.15 billion, the exchange token is only a few million ahead of Crypto.com in eleventh with a market cap of $3.11...Read More
Dave Portnoy has bought $200,000 in bitcoin and $50,000 in chainlink in a video with the Winklevoss twins. Portnoy bought the crypto despite understanding almost nothing about Bitcoin. The video also sees the trader plan his own “DaveCoin,” and accept the idea that Elon Musk will soon crash gold by mining it on asteroids. Dave...Read More
One of the more popular protocols in the DeFi space, Curve Finance, saw its CRV token deployed by an anonymous developer who appears to have front-run their efforts. The team has confirmed the legitimacy of the deployment and its further adoption. Shortly after, some of the major exchanges, Binance and Poloniex, announced their support for...Read More
Bitcoin derivatives exchange surprised its users today by asking them to comply with a mandatory ID verification procedure. The 6-month long process will continue until February 12th, 2021. BitMEX will start this ‘User Verification Programme’ on August 28 at 00:00 UTC. BitMEX Asks Users To ‘KYC’ In a blog post published today, the prominent bitcoin...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a break at the time of writing, with BTC consolidating its position on the charts, rather than attempting to breach its psychological resistance of $12,000. At press time, BTC was trading at $11,694 and noted a 1.47 percent price hike in the past 24-hours. Source: CoinStats...Read More
Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750. This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge. Ethereum Over $400, LINK (Another) ATH, Alts Rejoice The second-largest cryptocurrency by market cap...Read More
Ethereum’s native cryptocurrency, Ether has experienced an explosive price action in the last few hours. ETH surged by more than 8 percent to move past the $420 price mark breaking out of a week-long consolidation. Also, the Ethereum based decentralized finance ecosystem just registered a new milestone. The total USD value locked in DeFi hit...Read More
Arguably the best way to earn a passive income from your crypto is with Decentralized Finance (DeFi) solutions. DeFi applications account for the placement of $2 billion worth of crypto assets and this number is growing all the time. What is DeFi? DeFi is revolutionizing the way we manage our money through the creation of...Read More
