Deutsche Bank is out with it’s latest cryptocurrency report. The global banking giant has discussed central bank digital currencies (CBDCs) in great detail, and their effect on central banks, individuals, and governments. In the discussion pertaining to individuals, DB says that CBDCs could encounter political resistance and encourage social unrest. Central Bank Cryptos Could Make...Read More
In late August this year, Binance launched its DeFi Composite Index. Trading under the DEFIUSDT symbol, it’s currently down over 50% in a little over a month. Unfortunately, there is even worse news for the young index. DeFi Composite Index Down Over 50% At this point, it’s quite clear that DeFi is where all the...Read More
September was an eventful month for the crypto-market, to say the least, with the month seeing a major crypto-exchange hack among a host of other developments. However, despite the quarter ending as it did, Bitcoin did witness its second-best Q3 close in history. $150M drained from KuCoin: BTC down 1% BitMEX charged by DOJ, CTO...Read More
Bitcoin’s price responded to the CFTC’s charges against BitMEX by losing $300 of its value in a single day. While the anticipated corrections did take many by surprise, Bitcoin’s price soon steadied itself, with the cryptocurrency trading around the $10.5k range, at press time. That’s not all, however, as Open Interest hit new lows on...Read More
Tezos was trending upwards for a brief period, before the market’s sellers imposed themselves yet again on the order book. In the long-term, its fundamentals were developing pace and could rekindle buyers’ interest. STEEM formed a bearish reversal pattern and sought to defend its level of support on the charts. On the contrary, IOTA noted...Read More
Ethereum Classic aka the zombie coin could yield good profits in the near future. How so? Well, this could be a side effect of Ethereum’s transition from PoW to PoS. Wait, is calling Ethereum Classic a zombie coin a little too much? Perhaps, but then again, the coin has suffered three 51% attacks, only to...Read More
BitMEX was in the eye of the storm this past week after U.S regulators took its case. The charges brought by the CFTC against BitMEX argue that the exchange facilitated cryptocurrency derivatives transactions with an aggregate notional value of trillions of dollars and failed to implement the most basic of compliance procedures required of financial...Read More
XRP’s buyers and sellers have been locking horns for a few weeks now, but neither party has been able to wrest control of the market from the other. While Ethereum Classic was on a gentle downtrend, positive updates that reportedly guard the network against 51% attacks could drive demand up once again. Dogecoin, on the...Read More
Trump may not like crypto, but the crypto-verse sure doesn’t miss a chance to mess with him. As proof that anything can be tokenized – no matter how trivial or influential – a derivative has just appeared on Uniswap to track the President’s health: Please welcome the Trump Health Index (THI). Little is known about...Read More
BNB/USD – Bulls Head Back Toward October Highs Key Support Levels: $27.17, $26, $25.Key Resistance Levels: $30, $31, $32.5. In the last week of September, Binance Coin dropped into the support at $23 and rebounded to reach as high as $29.30 by the end of the month. As October started, BNB headed lower from this...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice At press time, LINK was trading at $9.19, with the cryptocurrency’s price within a bearish channel. Hence, a drop can be expected on the charts. In fact, a recap of Chainlink’s charts shows...Read More
What’s the point of a safe-haven asset? Well, for starters, it’s to keep one’s portfolio safe. Gold has long been seen as the traditional safe-haven asset among traditional investment avenues. Despite Bitcoin being a year into the financial world, it still hasn’t managed to budge the yellow metal. But, is gold doing its job? Let’s...Read More
Bitcoin SV, Polkadot, and FTX Token mirrored the bearish sentiment that has gripped much of the crypto-market over the last few days. In fact, the Crypto Fear and Greed Index highlighted the same, with the index noting a reading of 42 for the day. While this reading was slightly stronger than the previous day’s 40,...Read More
Grammy award-winning music creator André Anjos is the latest artist to tap into the cryptocurrency space. Better known by his stage name RAC, Anjos has launched a new Ethereum based community token for artists. The token is also named RAC. With it, the music producer intends to free artists and content creators from the clutches...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice After CFTC brought charges against BitMEX for allegedly violating the Bank Secrecy Act, Bitcoin tumbled down the charts and fell by 4%. However, BitMEX took a much harder hit as its OI has since...Read More
Bitcoin was trading at $10,580, at press time. Whether it surges past $11,200 or drops beneath $10,000 to fill the CME gap, either movement could have a major impact on the market’s altcoins. Monero was trending north and recently flipped an important level of resistance to support, with XMR likely to rise higher. EOS toiled...Read More
Ethereum fees are recovering from the devastation caused by the DeFi. After reaching record highs during September 2020, the network seems to have achieved a calm moment during October’s first days. Currently, the average transaction fee is slightly above $2, according to Bitinfocharts. This milestone represents a drop of more than 80% from the peak...Read More
Everyone involved in blockchain and cryptocurrencies knows that it is a rapidly evolving space. Since the first Bitcoin was mined in 2009, several developments have led to the formation of what is known today as the Crypto-Industry, one characterized by a 24-hour market, DeFi, and over 2000 cryptocurrencies. In light of important present-day developments like...Read More
Bitcoin has stayed in a relatively tight range between $10,500 and $10,600. Most large-cap altcoins performed similarly, except for Binance Coin. After a 9% increase for the week, BNB now occupies the 5th spot in terms of total market cap. Bitcoin Remains In A Tight Range Following the recent price declines from Friday and early...Read More
Bearish sentiment continued to be the norm across the crypto-market, at the time of writing. While Ethereum appeared likely to face further losses on the charts after forming multiple bearish patterns, Ontology continued to slump too. On the contrary, Maker flipped a level of resistance to support and was likely to see more gains in...Read More
For the past month, BTC’s volatility had decreased compared to the previous months. The primary cryptocurrency had mainly traded inside a $1K range between $10,000 and $11,000. Over the past week, Bitcoin reached the upper boundary of that range at $11K; however, the news coming from BitMEX charged by CFTC, along with President Trump’s hospitalization,...Read More
