The cryptocurrency market has for long tried to emerge as a savior from the web of complicated and somewhat flawed, traditional financial systems. Alas, the system that was supposed to lead by example by pushing forth a decentralized and open alternative hasn’t always convinced, with some crypto-users picking and choosing the moments to follow these...Read More
Bitcoin is now trading close to $12,000, a level which it breached and broke below two times over the past two weeks. Will it be third time lucky for the world’s top cryptocurrency? Since breaking over $12,000 on 2 August, for the first time since June 2019, it has been subject to a ‘bull trap.’...Read More
Many of the market’s cryptocurrencies, at the time of writing, were going through an upheaval of sorts on the charts. Binance Coin was in a general uptrend, before noting a retracement. On the other hand, TRON and IOTA gave significant signals regarding the direction of their future price movements. With Bitcoin attempting to breach $12,000,...Read More
As per the latest statistics, around $8 million was paid as fees to conduct transactions on the Ethereum network. That works out to be approximately 18,300 ETH. What is driving this humongous spike in gas fees? Research shows that it is due to the booming ‘yield farming’ craze. Gas Fees Tops $8 Million Led By...Read More
Over the past decade, the crypto-market has diversified significantly and today, the average crypto-user has a wide variety of options in terms of coins and derivatives products to choose from. However, this growth hasn’t translated well when it comes to addressing issues pertaining to regulatory and tax compliance. Tax laws and the IRS’s guidelines for...Read More
XRP’s price recorded substantial gains on the charts as the month of July came to a close. Surprisingly, since the start of August, this trend has reversed slightly, with the price failing to break key resistances a few times. However, the price of the market’s fourth-largest cryptocurrency may be gearing up for yet another surge...Read More
Disclaimer: The findings of the following article will attempt to analyze the impact of emerging patterns in the long-term Litecoin market The volatility in the market has been pushing the price of most cryptocurrencies around and at present, this trend is forming lower. In fact, Litecoin [LTC] has been one of them, having broken out...Read More
Lumens, Steem, and Decred have been flashing strong signals recently, after being held back by their resistance levels for weeks. The mid-cap coins, DCR and STEEM, in particular, might witness a major surge in price, especially when compared to their performances over the past few weeks. Stellar Lumens [XLM] Source: XLM/USDT on TradingView XLM has...Read More
With Bitcoin once again inching closer and closer to $12,000, some are hopeful of the rise while others are fearful of a fall. Depending on which side of this equation you’re on, you’re either a hodler or a seller. Each side has an equal tug on the market as while hodlers are hodling on expecting...Read More
With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version. Two-Step Migration Process for YAM In a Medium blog post on Friday (August 14, 2020), the YAM Finance team announced plans for a planned migration to a new protocol called...Read More
Ethereum has been enjoying one of its most active days in the market, with the crypto-asset’s price spiking on the charts after some time. Despite an active spot and derivatives market, however, the crypto-community on social media seemed to be besotted by one question only – Ethereum’s circulating supply. According to Ethereum’s founder Vitalik Buterin,...Read More
Bitcoin went through a significant price surge in the past month, jumping from $9,000 to about $12,000. By heading into five-digit price territory, this 33% increase has many people speculating that the primary cryptocurrency may be too expensive, and the train has left the station. However, looking at Bitcoin’s pre-programmed deflationary mechanism and several macroeconomic...Read More
Owing to Bitcoin’s market dominance, the impact of its price performance on the rest of the market is often overwhelming. Since breaching its previous resistance level, Bitcoin’s charts seem to have plateaued, with BTC holding firm under the $12,000-mark for a few days now. However, Bitcoin’s consolidation meant that the rest of the market was...Read More
DeFi’s ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well to climb to $5.77 billion, at the time of writing. In the eyes of many, DeFi is the hot property of...Read More
Ethereum, Synthetix, and Zcash seem to be going into the weekend hopeful of upward price movement since, at the time of writing, these three cryptocurrencies were showing signs of potential. The weekly close of Ethereum for last week can be great news for what could be in store ahead. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
The leading cryptocurrency asset management company – Grayscale Investments – has recorded its most significant fundraising week in its 7-year history. Interestingly, the massive spike followed a nationwide advertising campaign the company ran in the U.S. Grayscale Commercial Worked As CryptoPotato reported a week ago, the digital asset manager planned to run a widespread advertising...Read More
Bitcoin Cash‘s price movement since the beginning of the month has been stuck between the $290 – $320 price level. While the coin did manage to stay above the $300-level for a while, the past week saw BCH slump even further on the charts. At the time of writing, Bitcoin Cash was being traded at...Read More
Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440. Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months. Bitcoin Not Yet Conquering $12k About three days ago, the primary cryptocurrency was...Read More
One of the significantly technologically developed cities in South Korea is aiming to expand its payments programs through digital gift certificates based on blockchain technology. One of the goals is to educate the elderly on contactless payments. Giving The Elderly A More Simplified Payment Process According to a recent news report, the new establishment of...Read More
