The island nation of Bermuda is in the news today after it gave U.S-based cryptocurrency exchange, Bittrex, a Class F (“Full’’) Digital Assets Business Act license that will allow the platform to operate under the supervision of the Bermuda Monetary Authority (BMA). According to Bittrex Global CEO Tom Albright, Bittrex (Bermuda) will provide additional digital asset services...Read More
SingularityNET, a decentralized platform for AI apps, has announced its plans to move a significant portion of its network from Ethereum to the IOHK-led Cardano blockchain, in the wake of Cardano’s upcoming updates that include the Plutus smart contracts framework, the firm said. As part of a detailed announcement, the platform also highlighted the...Read More
Tezos appeared to resume its larger downtrend and was likely headed to a lower price point after facing another wave of selling pressure. DigiByte appeared to be in a period of consolidation. EOS indicated a possibility of rising above resistance to flip the level to support, but the market was undecided at the time of...Read More
Crypto.com Coin was ambivalent at press time, with no overall direction to its movement in the past few days. This could change in favor of the bears shortly. Stellar Lumens formed a bullish pattern and could have the bullish momentum to flip resistance in the next few hours. Synthetix Network Token showed bearishness and was...Read More
The volatility in the crypto market has been growing and Bitcoin has broken out of its consolidation phase. This uptick in volatility may indicate a larger game at play for the future of Bitcoin. This expectation has been in the market for a long time, even when BTC consolidated and more and more users were...Read More
Decentralized crypto-exchange 1inch announced today that it is collaborating with cybersecurity solutions provider Hacken to improve the platform’s security by auditing its code, APIs, and infrastructure. According to the press release, the Hacken team would focus particularly on serving as a cryptocurrency exchange auditor. Hacken was previously in the news after it announced its integration...Read More
September has never been a particularly great month for Bitcoin’s price historically, and this year has cemented that fact. Assuming prices will remain where they are at the close, Bitcoin prices will be down 7.5% from the monthly open. Last year during September, the asset fell 13.5% and the year before that it was down...Read More
The crypto market as a whole displayed a sense of divergence in the charts at the time of writing, with Bitcoin SV witnessing appreciable gains on one hand, while on the other, alts such as IOTA and Dogecoin were trading below crucial pivot levels. Bitcoin SV [BSV] Source: BSV/USD on TradingView Over the last 24...Read More
The crypto market saw a relatively stable week as Bitcoin continued its quest towards $11k. However, it has not been easy for BTC to surpass this level as every time it reaches close to $11k, the selling pressure pushes the price of the asset down. Even though the resistance was strong at $11,000, data suggests...Read More
While Bitcoin and Ethereum appeared to hold fort on the charts, other altcoins were undergoing a severe period of price drops yet again in the industry. Consistent bearish pressure became an unavoidable situation in September 2020, as Chainlink, Ontology, and FTX token experienced another period of depreciation over the past day. Chainlink [LINK] Source: LINK/USD...Read More
The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in trades, alongside the cryptocurrency Petromoneda (or Petro). The controversial Petro was launched two years ago to reduce the Venezuelan economy’s dependence on the U.S dollar....Read More
For XRP maintaining a position above $0.22 is extremely important at the moment. As indicated earlier, the long-term bullish rally is dependent on its mediation above this price range and XRP’s recent re-test at this support raised a few concerns. With the price currently near $0.24, some of the nerves have settled down but the...Read More
While DeFi has been one of the keywords of the year for the digital asset industry, Wrapped Bitcoins or WBTC has been one of the definite highlights of the Decentralized Finance space. The growth of WBTC has been nothing less than extraordinary, and at the time of writing the total valued locked in WBTC is...Read More
Ethereum neared a level of resistance while forming a bearish pattern. Longer time-frame analysis showed that the asset appeared bearish. VeChain continued to form higher lows and though it lacked momentum at the time of writing, the next few days could see a rise for VET. Maker showed signs of bullishness and could seek to...Read More
Not resting on its laurels after a successful fundraising crowd sale that closed at USD 7.1 million, the smart advertising marketplace SaTT is pleased to announce its next listing, this time on Coinsbit, one of Eastern Europe’s largest exchanges. The SATT token has recently been listed on a number of established crypto exchanges – from...Read More
Craig Wright, the self-proclaimed Satoshi Nakamoto, has seen another failure in his ongoing legal battle against the popular cryptocurrency proponent going by the Twitter handle Hodlonaut. The Supreme Court in Norway rejected Wright’s jurisdiction appeal. CSW Vs. Hodlonaut: The Backstory Craig Wright has attracted lots of attention to himself, especially after claiming on numerous occasions...Read More
ETH/USD – Bulls Struggling To Pass 2019 Highs Key Support Levels: $350, $336, $325.Key Resistance Levels: $364, $378, $390. Ethereum pushed higher last week to reach the 2019 highs at around $364 over the weekend. Unfortunately, it has not been able to overcome this resistance in the past four days of trading as bearish divergence...Read More
Yesterday The Verge published an elaborate article portraying a picture of Justin Sun’s leadership at BitTorrent post the peer-to-peer file-sharing site’s acquisition by the TRON foundation. Sun later responded to the ‘false-claims’ made by TRON/BitTorrent’s ex-employees in the article with ‘An Open Letter to Anyone Who Cares to Read’ on Medium. Claim: Megalomaniac Leader; Response:...Read More
Bitcoin’s multiple failed attempts to hit the $11,000 in the last week shows the lack of buyers’ momentum. In fact, the last time bitcoin hit $11,000 was when it fell from its local top at $11,100. Recent on-chain data suggests buyers might be ousted as short-sellers are racking up. Buyers Vs. Sellers The long to...Read More
Polkadot could face significant levels of resistance in the coming trading sessions that might prove too strong for DOT to surmount. Dash was unable to flip a level of resistance and was likely headed for a drop towards its support. Tron showed strong signs of bearishness in the near-term. Polkadot [DOT] Source: DOT/USDT on TradingView...Read More
Venezuela’s cryptocurrency story continues as the country’s President Nicolas Maduro has presented new use cases. A recent report informed that the South American nation is studying the possibility of using digital assets in trades alongside the national Petro. President Maduro has presented new anti-sanctions law in the Constituent National Assembly. In a recent speech, he...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on price. Like the uptrend in the Bitcoin market, the Bitcoin cash market has also been witnessing an upwards trend. The value of the digital asset has been surging over the past few days, with some...Read More
French authorities have arrested 29 people allegedly operating a sophisticated network of funding jihadists and al-Qaeda members with cryptocurrencies. The police suspected that the network has been active for over a year and has funded terrorist organizations for hundreds of thousands of euros. French Police Arrests 29 People According to the report, France opened an...Read More
Bitcoin inflow to exchanges has dropped to record levels and as demand/ supply also continues to drop this may be the calm before the storm, however, inactivity on spot/ derivatives exchanges can be explained by Bitcoin’s volatility level. According to Bitcoin’s 60-day volatility chart by Willy Woo, Bitcoin’s volatility has dropped to the 2019 level....Read More
The highest judicial institution of the Pakistani province of Sindh has requested the federal government alongside the Federal Investigation Agency (FIA) and the State Bank of Pakistan (SBP) to submit a detailed reply on the ban on cryptocurrency dealing in the country, local media reported Wednesday. The Ban The court hearing is coming after it...Read More
“Will you shut up, man?” “You graduated either the lowest or the next lowest in your class, don’t ever use the word ‘smart’ with me!”, “Maybe you could inject some bleach in your arm.”, “It’s hard to get any word in with this clown.” …no, this is not an argument between two heated-up highschool teenagers...Read More
Bitcoin made another attempt at $11,000 but couldn’t reach past $10,856 before facing rejection. At press time the coin was being traded at $10,727 after having seen a minor hike of 0.33 percent in the past 24-hours. Source: CoinStats Litecoin surged above a level of resistance and could continue to rise in the coming hours...Read More
New York-based cryptocurrency exchange Gemini has made it possible for its users to engage in shielded Zcash (ZEC) withdrawals. Following the news, the price of Zcash surged 6%. The 33rd-largest crypto by market capitalization is up 110% year-to-date (YTD). Confidential Zcash Withdrawal Now Available on Gemini According to a blog post on Tuesday (September 29,...Read More
The token powers a cross-chain DEX called Polkastarter, which was launched in Uniswap yesterday, Sept. 29. The platform was announced earlier this month when it was touted another Ethereum killing interoperable DeFi protocol powered by the high-throughput Polkadot ecosystem. POLS Volume Surges Today’s announcement has focused on the volumes of the new POLS token, which...Read More
After marking another price increase from $10,640 to $10,860, Bitcoin has slowed down around $10,750. Most larger-cap alts have remained relatively calm on a 24-hour scale. Binance Coin is once again the exception and BNB nears $30. Bitcoin Trades Around $10,750 As Bitcoin failed to reclaim $11,000 yesterday, the asset headed downwards and dipped to...Read More
