When it comes to the altcoin market, the past few months have shown how important a cryptocurrency Ethereum is. With DeFi growing substantially in 2020, the gains have been felt by ETH in many ways. While ETH has miles to go before it can challenge the market cap and dominance of Bitcoin, its remarkable growth...Read More
What’s the tipping point for Bitcoin Futures on top derivatives exchanges like the CME, an exchange that has recorded a daily trading volume of over $300M and Open Interest of over $400M, consistently, for the past 3 months. Source: Skew Well, a small shift in Open Interest or trading volume can have a cascading effect...Read More
Tron was observed to have hit a strong zone of resistance, before being rejected and pushed to the downside, at the time of writing. In fact, such bearish momentum appeared likely to continue for TRX. At a time when Ethereum was increasingly being criticized for high Gas fees and a congested network, it could have...Read More
Bitcoin’s use-cases have evolved quite a bit over the past decade. For many investors, the right amount of exposure to the crypto-market and assets like Bitcoin can be extremely useful as a hedge, especially when compared to traditional assets like the S&P, Gold, etc. Compared to the latter assets, Bitcoin has also been able to...Read More
When it comes to the question of mainstream or enterprise adoption of blockchain technology and Bitcoin, much of the discussion tends to focus on barriers such as scalability. However, a valid concern for any organization considering the use of blockchain in transaction processing is that of finality. You could think of a Bitcoin transaction like...Read More
Stellar Lumens was facing continuous bearish pressure on the charts and looked likely to head further south, at the time of writing. On the contrary, NEM exhibited a strong bullish trend in the near-term while Maker showed signs of bullishness as well. Stellar Lumens [XLM] Source: XLM/USD on TradingView The momentum was strongly bearish with...Read More
In the crypto industry’s formative years, Bitcoin faucets allowed interested parties to passively earn BTC to get some skin in the game. Although Bitcoin was virtually worthless at the time, developer Gavin Andresen’s idea to distribute coins as widely as possible was both novel and prescient. Fast forward ten years, and cryptocurrency is easy to...Read More
In light of rising institutional interest and Bitcoin’s press time RoI of 53.17% YTD, it may be the right time to evaluate what comes after 60/40. Once the mantra of Wall Street Bulls, 60/40 is now a passé strategy. Allocating 60% broadly to stocks and 40% to bonds assured relatively good returns with low-risk exposure...Read More
A bitcoin wallet containing a little over 69,000 BTC is doing the rounds in hacking communities all over the internet. The reason? It’s obvious. Everyone (read seasoned hackers and self-professed bitcoin wallet crackers) wants to break it open and take it all. Or at least, a slice of the almost $750 million pie. For the...Read More
In the cryptocurrency world, every sign is a bullish sign. From China getting into blockchain, to Facebook launching its own cryptocurrency, to Donald Trump tweeting about Bitcoin, nearly everything can be construed to be a sign of the upcoming bull run. Needless to say, not all of these signs actually have any backing behind it....Read More
After surging to new local highs last week, Binance Coin retraced some of its gains recently. In fact, it looked poised for a drop in the short-term, despite the fact that the demand for the crypto-asset has grown as more DeFi projects commenced operations on Binance’s Smart Chain. EOS continued to trade just beneath its...Read More
XRP took a substantial hit in terms of its price this month, with the cryptocurrency falling on the charts in early-September on the back of Bitcoin’s fall. However, the past week has illustrated a determined XRP, one with strong bullish momentum as it tried to recover its previous losses. At press time, XRP was being...Read More
The launch of Uniswap’s governance token UNI caught the cryptocurrency market left, right, and center. Some folks who received the airdrop for being a loyal Uniswap user before September 1, dumped it on the market to avail their free helicopter money. Some held on. Nonetheless, UNI got listed on Coinbase Pro, Binance and it’s price...Read More
Cardano formed a bearish pattern on the charts as it braced for another dip in its price. The bearish pressure on the crypto-asset abated briefly, but sellers once more stepped in at a level of resistance to effect a slide for ADA. Crypto.com Coin, on the other hand, formed a bullish pattern. Ontology also displayed signs...Read More
A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency. Generating $6,897 Worth Of Ethereum and Monero As per a recent news report, between January...Read More
Litecoin’s price has had to endure a period of consolidation over the past week. On 12 September, the cryptocurrency’s price fell by close to 8 percent from $51 to close to $47 and since then, Litecoin has been struggling to recover its losses. However, while LTC might be gaining some positive momentum, it may note...Read More
DeFi token transactions continued to congest Ethruem’s network as Etherscan showed that addresses related to Uniswap had guzzled a significant amount of Gas over the past 24 hours. At the time of writing, Ethereum’s charts pointed to a likely drop. While on-chain metrics made a strong case in support of an Ethereum slide, it must...Read More
Bitcoin took another swing at $11,000 but got rejected, and trades just shy of the coveted level. Most alts are retracing slightly, while UNI continues to attract attention, and its price has increased to $7. Bitcoin Stopped At $11K After yesterday’s relatively calm price performance, the primary cryptocurrency initiated another leg up towards $11,000. The...Read More
