Crypto traders are excited, especially after Bitcoin’s price boost following Square’s millionaire investment in the world’s first cryptocurrency. Bitcoin managed to survive a bearish September above 10K, maintaining its long-term bullish trend. Since the market crash in March, Bitcoin hasn’t lost its momentum, and after an initial recovery – driven in part by the need...Read More
Bank of England Governor, Andrew Bailey, has yet again dismissed the premium cryptocurrency, Bitcoin. He stated that he found it hard to see how Bitcoin had any intrinsic value. On Monday, the Bank of England held a question and answer session with members of the public, during which Governor Bailey made a statement: I have...Read More
Bitcoin’s price has gained by 7.33% in the last 7 days. With this kind of momentum building up, Open Interest on derivatives exchanges is up too. However, that’s not the only interesting bit. In fact, while aggregate Open Interest on derivatives exchanges is up by 18%, on Huobi, it is up by 250% over the...Read More
By Sid Coelho-Prabhu, Group Product Manager At Coinbase, we believe growing the cryptoeconomy is a key step to building an open financial system for the world. One of the ways we do this is by supporting new decentralized app (dapp) ecosystems with products like Coinbase Wallet (or simply “Wallet”), our self-custody crypto wallet app. Starting...Read More
Cybercrime gangs have stolen over to $22 million from users who use the Electrum Bitcoin wallets via a fake app update scam according to an investigation. The criminals later transferred the stolen funds to multiple Bitcoin accounts which now contain 1,980 bitcoin. Much of these funds were stolen in one single incident in August, after...Read More
The odds of Joe Biden winning the upcoming Presidential election and significant progress being made on the coronavirus vaccine front are unnaturally high, as per Goldman Sachs. Also, what is extremely possible is the US Dollar’s drastic drop to its 2018 lows because of these two probable events, according to the global banking giant. Will...Read More
Privacy coins like Monero, Dash, ZCash have all noted an interesting surge over the last 24 hours. A surge, that for all intents and purposes, can be traced to the Department of Justice’s latest memo. The memo in question spoke about adding a backdoor to everything digital so that government authorities/law enforcement agencies with appropriate...Read More
Tron could be set to continue its downtrend on its charts, despite the fact that the sentiment around many altcoins appeared to shift to the bullish side. The Crypto Fear and Greed Index noted a neutral reading of 52 at press time, compared to the previous day’s ‘greedy’ value of 55. Further, while Algorand looked...Read More
It was only last week that Ripple’s co-founder Chris Larsen said that Ripple may consider relocating to other countries citing the lack of regulatory clarity in the United States. Following which, CEO of Ripple, Brad Garlinghouse shared his opinions today regarding the need for regulatory clarity. In a Twitter thread, Garlinghouse emphasized (again) a possibility...Read More
The 2020 market crash was godsent for the likes of Bitcoin and gold. These ‘safe-haven’ assets surged under the spotlight, climbing to record highs as stock markets and long-term treasury bonds both collapsed and countries reacted by slashing interest rates. The main reasons for buying these assets were immediately enhanced, and the price reacted as...Read More
By John Zettler, Senior Product Manager At Coinbase, our mission is to create an open financial system for the world. One of the ways we will achieve this is by helping connect as many participants in the cryptoeconomy as possible. Connecting the cryptoeconomy will enable our customers to do more with their crypto, whether it...Read More
When Bitcoin’s price action gets hotter, altcoins start rallying towards double-digit growth on their charts. That’s not exactly a guess either, as this insight can be gained from previous altcoin rallies. Now, consider the opposite for a second. What if the narrative was flipped on its head and this time, the altcoins pumped well before...Read More
Chainlink‘s bulls have been successful in pushing the crypto-asset past the important level at $10.5, and more gains could be in store for LINK. Further down the crypto-ladder, Augur was another coin backed by strong buyer interest while FTT Token broke to the upside of the longer-term trendline resistance. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
A recent survey, a survey that claimed to be the “largest and most comprehensive XRP poll ever conducted,” has come out with quite a few interesting observations, findings that have been welcomed by many in the community with a degree of bemusement. For starters, one of the more startling findings was that 1/3rd of the...Read More
Bitcoin price is soaring right now as the US legacy market opens up to begin the new week. Just hours ago, the leading cryptocurrency had completed a bearish Bart Simpson pattern after crashing down to $11,175 following an extended period of sideways chop. It was looking as though the asset was about to head down...Read More
[Featured Content] The crypto derivatives market is having a hard time of late. October began with the news of CFTC civil enforcement action against the centralized crypto derivatives platform BitMEX. BitMEX and its founders, including CEO Arthur Hayes, were charged with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Ethereum seems to be following Bitcoin’s footsteps like a disciple, mirroring every single one of the world’s largest cryptocurrency’s ‘up and down’ movements. Although unsurprising, this can help predict ETH’s moves. The following article...Read More
BNB/USD – Buyers Push BNB Back Above $30. Key Support Levels: $27.17, $26, $24.90.Key Resistance Levels: $30, $31.30, $32.60. Binance Coin has been performing extremely well since it bounced from the support at $23 in late-September. So far, the coin has increased by a total of 35% since then as it hits the $30.72 resistance...Read More
The deputy governor of the People’s Bank of China (PBOC), Chen Yulu, called for speeding up the process of launching China’s digital currency, the e-yuan, and to make CBDC part of an “independent” financial infrastructure in the digital era, according to a report in the South China Morning Post. In an article published in the...Read More
ETH/USD – Bulls Continue Further On The Road To $400. Key Support Levels: $378, $364, $350.Key Resistance Levels:$392, $400, $410. Last week, Ethereum broke above a symmetrical triangle consolidation pattern and started to push higher over the weekend. It managed to climb above the 2019 high at $364 as it ran into resistance at a...Read More
The leading digital currency asset management company Grayscale Investments announced that its Ethereum Trust will report directly to the US Securities and Exchange Commission (SEC). Grayscale filed a Form 10 with the SEC a few months ago on behalf of the Ethereum Trust to become the second company product designated as a digital currency investment...Read More
Elliptic, the crypto-asset risk management and blockchain analytics platform, announced today that the Singapore dollar-backed stablecoin, XSGD, has been added to its crypto-risk monitoring solutions to assure compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations. This announcement comes following the public release of StraitsX – the first Travel Rule-compliant stablecoin,...Read More
Bitcoin Future CME gap filled! Bitcoin futures trading is gaining traction in the recent days with many investors getting attracted towards the derivatives trading. However, the trades are closed on weekends and for the reason, the Chicago Mercantile Exchange(CME) gaps are formed. Post the recent pump of Bitcoin, some analyst discovered a massive CME gap...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin SV, like many altcoins in the market, was undergoing a consolidation on the charts after a recent surge of 10-12%. Unlike many, BSV‘s charts pointed to a bullish consolidation pattern over a long-term...Read More
Google trends data suggests that the worldwide interest in DeFi has been continuously declining since early September. Although the TVL remains high, the question arises if the decreasing interest has something to do with the growing number of screw-ups in the field. DeFi Interest Drops? The start of the new century brought a new trend...Read More
CEO of IOHK Charles Hoskinson, in a recently concluded surprise AMA, addressed viewers and provided the community with important updates on the much-anticipated Goguen Roadmap which will reportedly be released on 29 October. According to Hoskinson, Goguen will be released in a series of updates and hard fork events, each of which will add another...Read More
Planning to start investing in the crypto space? Then to have a piece of deep knowledge about the volatility, its causes and impacts are mandatory. A better understanding of the concepts that impact greatly on your investments would be helpful either to give a boost for your profits or safeguard from any possible loss. Volatility,...Read More
Crypto-space is among the sectors labelled as highly volatile and filled with uncertainty. Among them are some of the coins that could have a massive uptrend. Having kept a close watch one can make some yield this week. Let us have a look at some of these coins which could probably be a feast on...Read More
Bitcoin’s latest pump towards $11,500 changed the outlook of many altcoins from bearish to neutral or bullish. While Cardano bounced strongly off a level of support and formed a continuation pattern on the charts, Compound moved above its long-term descending trendline, although a rise in price was yet to take place with momentum. Waves, on...Read More
Bitcoins worth more than $11 million was moved in a single transaction yesterday, October 11th. Data from on-chain analytics providers reveals that the huge amount has been sitting idle for the past 10 years as this was the first time it was moved. Another Stack of Satoshi-era BTC Transferred Yesterday It appears that the transactions...Read More
