With another month coming to an end, it is important to note that month-ends are generally associated with the expiration of Bitcoin derivatives products. With the Futures and the Options market noting great interest from traders, there are now nearly 66,400 BTC Options set t0 expire on 28 August, as per data provider Skew. Source:...Read More
U.S. officials like the FBI, US Treasury, US Cyber Command, and the Cybersecurity and Infrastructure Security Agency issued a warning against North Korean hacker group ‘BeagleBoyz,’ which have resumed its attacks on banks and ATMs around the world. The officials also revealed that the hacker group was behind lucrative cryptocurrency thefts. The alert said that...Read More
The cryptocurrency market has provided an alternative to the age-old banking system, with the year 2020 at the fore of showcasing its ability to swiftly bounce back after the pandemic hit global markets. More and more people have been shifting their focus to Bitcoin and other cryptocurrencies as a hedge against global events. Joining Bitcoin...Read More
Circle, a peer-to-peer technology that enables payments in cryptocurrency and San Fransisco based exchange Coinbase announced that they have upgraded the USDC stablecoin protocol and its smart contract. Both Circle and Coinbase are members of the Centre Consortium that manages USDC. Together, the firms aimed to make the payment process easy for people who use...Read More
As the rallying market came to a grinding halt over the past week, most cryptocurrencies recorded corrections on their charts. The impact of the downtrend suffered by the Bitcoin market was also shared by its hard fork, Bitcoin Cash [BCH], as well as other major cryptos in the market, including the likes of IOTA and...Read More
Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago. Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the...Read More
Tezos, the cryptocurrency ranked 14th on the charts with a market cap of $2.38 billion, has been hurt following the token’s recent depreciation. The fall in question was worth around 26%, with respect to the price’s press time position at $3.29. There are two trades that can be taken here; the first is the short...Read More
DCG, the venture capitalist firm that invests, buys and builds blockchain companies has entered the bitcoin mining sector. According to reports, DCG committed to investing $100 million into DCG’s wholly-owned subsidiary Foundry. The company will support staking and mining operations in North America to mine Bitcoin. Foundry said it will provide the miners with market intelligence...Read More
Sygnum, a digital assets bank in Switzerland announced in a release that it enabled the world’s first e-commerce transaction that involved using a stable coin. The transaction took place on the shopping site Galaxus which is one of the biggest retailers in Switzerland. The stablecoin which is known as DCHF or Digital Swiss Franc was...Read More
The selling pressure bearing down on Bitcoin seemed to be exceptionally high, at the time of writing. Since the end of July, Bitcoin has now re-tested its support at $11,400-$11,200 more times than it has breached $12,000 on the charts. With every passing day, bullish momentum has lagged in terms of intensity and with altcoins...Read More
In a statement released an hour ago, the Chairman of the US Federal Reserve, Jerome Powell, revealed a serious policy shift aimed at average inflation targeting. As a result, the prices for gold, silver, and Bitcoin pumped collectively immediately after the announcement. However, all three assets have also decreased in a similar manner minutes after...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the latter is the sole opinion of the writer Bitcoin has been under immense bearish pressure lately. For the 2nd time in a week, Bitcoin tested its support line at $11,361. In fact, it was also observed that Bitcoin had...Read More
[Press Release] Singapore, August 27, 2020 — Decentralized data network Bluzelle has released details of a new oracle intended to enhance security for DeFi projects as well as to interact with fully decentralized databases. The decentralized Bluzelle Oracle will also provide valuable infrastructure in the form of a high-demand price feed for DeFi applications, such...Read More
Police have reportedly arrested a Russian man for an attempt to recruit an employee in Nevada to plant malware on a Company’s network. In return, he promised him up to $1 million in cash and Bitcoin. The Offstage Attacker Was Reportedly Part Of A Larger Organisation As per the published court documents, Egor Igorevich Kriuchkov has...Read More
Cryptocurrency is a virtual or digital currency secured by cryptography, making it nearly impossible to counterfeit or double spend. They use decentralized technology, enabling you to make secure payments and keep your money without needing to use your name or logo through a bank. They run on a blockchain, a distributed public ledger, a record...Read More
China is in the news a lot. Whether it be Bitcoin, a trade war, or a pandemic, a closer look usually reveals that much more is happening under the hood, especially when it comes to all things crypto-related. In addition to altcoin trading or trading in general, stablecoin transactions are also highly concentrated in China....Read More
Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion. Now, a team of developers has announced that it’s building a trustless general-purpose...Read More
The cryptocurrency market has for long been eagerly waiting for an opportunity to participate in a rallying market, especially since the Bitcoin halving in May. Now, it would seem that it has finally got this opportunity. At the time of writing, the market was noting a rising number of BTC holders, especially among whales. In...Read More
Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street. This only goes to show how small the digital asset field is compared to the giants, as their one-day combined...Read More
Bitcoin’s chart looks pretty interesting right now. On the 4-Hour BTC/USD, there is a clear bearish convergence forming between the 50 and 100 EMA lines for the first time since July 22. This typically signals that there’s more downside to come as short-term momentum drops in comparison to the longer-range momentum. However, looking more closely at...Read More
Synthetix is the only bullish crypto among the likes of Ethereum and Maker, with the latter two pointing to a bearish retracement on the charts soon. Ethereum’s development has been slow. However, altcoins like Synthetix and Maker are playing a crucial role in DeFi – a budding ecosystem. Ethereum [ETH] Source: ETHUSD on TradingView Stuck...Read More
Empire Market, the largest crypto darknet marketplace, has abruptly shut down. No communication was issued from the admins who seem to have siphoned away with user funds amounting to around $30 million in BTC. From the looks of it, this appears to be a pretty massive exit scam. Empire Market Exit Scams With 2638 BTC...Read More
Before we jump into the list of top Changelly alternatives, let’s first understand how the non-custodial instant exchanges can be more attractive and secure for swapping coins. Imagine holding ten different cryptocurrencies in ten different, designated wallets. Inconvenient, right? It requires a lot of time and effort to access all of them. Naturally, the best...Read More
The Libra Association, the entity behind Facebook’s future Libra cryptocurrency, has appointed its second general counsel in three months. Previously acting as the general counsel at the Homeland Security Department, Stevan Bunnell has replaced Robert Werner as the new Chief Legal Officer. Libra Appoints A New CLO According to the Bloomberg Law report, Robert Werner,...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Chainlink’s long-term market and its impact on the price The last few weeks have contributed to the crypto-market noting a rally and later, a correction. Chainlink [LINK] has proven to be a popular altcoin lately, with its low correlation with the...Read More
[Featured Content] Exchange platforms are essential components of the crypto world. These platforms provide a place for crypto investors to trade or swap their cryptos and can either be centralized or decentralized. Centralized exchanges require intermediaries and often require KYC procedures, which means that traders cannot remain anonymous when transacting. Besides, in the case of...Read More
With the present market overwhelmingly bearish, many major altcoins seemed to be struggling to hold their high valuations on the charts as a series of corrections ensued. While the decline has remained minimal over the last 24-hours, the charts of a few crypto-assets seemed to suggest that further downtrend movement could follow in the coming...Read More
Source: The Grapes Of Wrath – 1940 I lack access to nightclubs and most other forms of revelry; therefore, I decided to become a crypto peasant. I’m farming the latest and greatest shitcoin DeFi projects. While I deride many of these projects as activity resulting in economic waste, there is an underlying proto-banking infrastructure that...Read More
