September 5, 2020

Just four days ago, one Bitcoin was trading for over $12,000. However, the cryptocurrency markets followed the global markets, and as of writing these lines Bitcoin fights to close the daily candle above $10,000. If the bad blood coming from the equity markets was not enough, then came the SUSHI sell-off by its creator. This...Read More

Until quite recently, Ethereum’s price seemed to have surged overnight owing to the ongoing DeFi craze. In fact, according to many analysts, DeFi’s explosion has been the top driver for Ethereum’s growth. What’s more, DeFi’s Total Value Locked figures have grown from under $1 billion at the start of 2020 to upwards of $10 billion....Read More

Bitcoin’s recent price action triggered a cascade of sell liquidations on BitMEX. In fact, a total of $264 million sell orders were liquidated following Bitcoin’s price drop below $11,500. Interestingly, the U.S stock market also suffered a similar fate. However, perhaps the reactions of traders on derivatives exchanges are most important since those reactions influence...Read More

Bitcoin’s price has been increasingly volatile over the past few days. However, despite its most recent fall, the cryptocurrency has been able to maintain its position above the key $10,000-mark. While growing uncertainty in the global markets has followed the fiat printing spree governments undertook to keep the economy alive, Bitcoin’s value proposition as a...Read More

A recent report indicated that as proof-of-work-based cryptocurrencies such as Bitcoin and Monero were increasing in value in 2020, the cryptojacking cases worldwide have surged after a year of continuous decline. Cryptojacking On The Rise In 2020 The term cryptojacking refers to when an unauthorized person gains access to a computer for mining (or minting)...Read More

Ethereum has been sharing the limelight with Bitcoin this year following its exponential growth. This growth, however, was churned out by the growing interest generated among users through Decentralized Finance [DeFi] and the thought of making use of smart contracts to leverage positions in the market. With DeFi gathering momentum, ERC-20 tokens too were grabbing...Read More

Bitcoin was trading at $10,381 at the time of writing, after registering a low of $9966 yesterday. As long as Bitcoin does not close under the $10,000-level, a case can be made to suggest that it will be in a consolidation phase after the sell-off, above its support level. In fact, many altcoins noted massive...Read More

The number of web developers building applications on Ethereum has increased year-on-year since 2018. According to data from npm.stat, which displays the number of times a JavaScript code library has been downloaded, more Ethereum-specific code packages were downloaded in 2020 than in 2018 and 2019 combined. Ethereum ‘Buidlers’ Keep on Building The two most commonly...Read More

Russia’s On Digital Financial Asset (DFA) legislation has received yet another set of proposed amendments that can push the country into launching a full-scale ban on cryptocurrency usage, with three exceptions – inheritance, bankruptcy, and enforcement proceedings. Russia’s DFA Sees New Propositions The world’s largest country by landmass has been rather indecisive, to say the...Read More

Earlier in the week, Bitcoin ended up losing over 5 percent of its trading value in around an hour’s time. In line with the crypto-market’s long-standing tradition, this price drop went on to affect the rest of the altcoins too, with BCH being one of them. Bitcoin Cash’s price action had looked promising all throughout...Read More

When Bitcoin dropped in value from $12,000 to $10,200 a few days ago, so did most of the crypto-market. Over a longer timeframe, however, it is likely that what BTC is noting is only a retracement in its bull run. That being said, the drop in question did take many traders by surprise. Further, while...Read More