Peter Schiff may hate Bitcoin for having no value and being the money of criminals. Still, his bank Euro Pacific Capital is not without its sins either. A joint investigation by the tax authorities of Australia, the Netherlands, Canada, the United Kingdom, and the United States has Peter Schiff’s bank targeted for allegedly facilitating tax...Read More
Another update disclosed by IOTA’s development team has revealed news of several existing projects being deployed, as well as many other noteworthy projects in the pipeline. IOTA 1.5 (also known as Chrysalis) is the mainnet’s intermediate stage. Chrysalis Phase 1 components were deployed to the mainnet in August. The engineering team is now working on...Read More
Litecoin, like many altcoins in the market, has seen its price drop on the charts. At press time, a consolidation after the aforementioned drop seemed to be ongoing, following which, LTC may be due for a small pump. Overall, Litecoin’s price was observed to be up for a small pump, one that could turn bullish...Read More
Simply put, velocity is a measure of how quickly money is circulating in the economy. For Bitcoin, the figure is calculated by dividing the on-chain transaction volume (in USD) by the market cap, i.e. the inverse of the NVT ratio. The value for the same has risen significantly in 2020, relative to 2019. In fact,...Read More
Bitcoin was trading at $11,416, at press time, and commanded a dominant share of 59% in the market. Its fork coin Bitcoin Cash exhibited a bullish signal as it traded just under an important level at $252. NEM, on the other hand, invalidated a bullish pattern at the behest of steady selling pressure on the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered as investment advice Bitcoin‘s price movement over the previous week seemed to have formed a curve, one perhaps hinting at a potentially bullish pattern that could push BTC to $11,700. At press time, Bitcoin was trading at...Read More
Bitcoin’s hashrate hit a new ATH recently. In fact, the total hashrate has hit quite a few ATHs this year, with the same noted to be $144.03M TH/s, at the time of writing. However, while historically this points to a price hike in the future, it may not be the case this time. Bitcoin’s hash...Read More
Filecoin’s history has been turbulent since its creation in the early days of the crypto-verse. But investors can probably agree that nothing resembles what happened last week. Filecoin Traders Had a Hard Week… Speculators are having a rough time. The token initially had a brief and sudden rise of more than 100% immediately after its...Read More
Reports from Hungarian news outlet hvg have revealed that a prominent Hungarian politician was allegedly involved in the illegal act of stealing electricity from public offices, while also operating a Bitcoin mine from his premises. The individual in question, Tamás Borka-Szász, is the Chairman of the District Finance and the District Development Committee. He has...Read More
At the time of writing, Ethereum, the world’s largest altcoin, was trading within a range, and a close outside the range would give traders clarity on the next direction for the crypto-asset. At the time, the Crypto Fear and Greed Index was noting a figure of 55, a figure that might be an indicator of...Read More
DeFi’s total value locked [TVL] figures seem to be holding above $10 billion, however, scams are crawling out of the shadows, one project at a time. While ‘scam’ is a strong, blanket word, not all projects are scams per se. This weekend, the COVER project seems to have caught the attention of this label. Riding...Read More
Cryptocurrency trades have steered clear from Bitcoin trading during Q3 2020, said eToro’s quarterly report. In contrast, the multi-asset brokerage platform revealed that some larger-cap altcoins, such as TRON, EOS, BNB, and Tezos, had experienced double- and even triple-digit trading volume surges. Cryptocurrency Trading Changes On eToro In Q3 The popular platform published its latest...Read More
For the Bitcoin world, December 2017 was the glory days and the nightmare, all wrapped in one. Over that month, and the pullback that followed, the world saw what could happen if the hype around cryptocurrencies gave way to reality. Now, nearly three years on, Bitcoin’s press time price requires a 75 percent jump in...Read More
Bitcoin SV has noted quite a lot of volatility in its valuation over the past few weeks. Although it failed to note a trend in the short-term, it might be forced lower on the charts in the coming weeks, unless the bulls stepped in. Augur was trading within a price range, but might be able...Read More
A recent report indicated that the number of Bitcoin whales has started to decrease following months of increased accumulation. Contrary to most expectations, history shows that retail investors are typically taking advantage of similar conditions, which could signify the beginning of a new run-up. Bitcoin Whales Accumulation Slows Down Bitcoin whales are considered addresses that...Read More
According to a tweet by Whale Alert, part of the funds stolen during the KuCoin Hack last month are now moving around again. The blockchain tracking platform reported that 1,814 ETH ($665,980) of the aforementioned funds were moved from the wallet in question, a wallet dubbed ‘Kucoin Hack 2020,’ to an unknown wallet earlier today....Read More
In the last 50 years, gold has climbed from $410 an ounce up to around $1,900 an ounce today and has earned a reputation as one of the most reliable investment assets. Although gold is rapidly growing in popularity among investors, during times of a recession, its popularity tends to skyrocket — and it’s not...Read More
At the time of writing, Tron was sliding down the charts, despite the fact that it lacked momentum to the downside. It should be noted, however, that the aforementioned slide might pave the way for a period of consolidation over the next few weeks. Further down the crypto-ladder, Synthetix was in a similar situation, although...Read More
In the latest report summarizing the Q3 2020 developments in the cryptocurrency field, CoinGecko has classified the outcome as the “summer of decentralized finance (DeFi).” The popular data aggregator noted that the top-performing decentralized exchanges saw (DEX) massive growth in terms of trading volume resulting in reducing the market share of centralized exchanges (CEX). DEX...Read More
The figures for Bitcoin flowing into exchanges were below their 90-day average this week, with a drop in supply seen as a bullish sign for the world’s largest cryptocurrency. Further down the crypto-ladder, however, EOS could not hold on to the recent gains it made, while Algorand was forced to drop to a region of...Read More
Bitcoin has overcome the recent price dip beneath $11,300 and currently hovers around $11,400. Most alternative coins have displayed relatively strong performances and the total market cap increased over the weekend. Bitcoin Back To $11,400 Bitcoin traded around $11,350 yesterday after a calm 24-hour period despite potentially impactful news coming from the popular cryptocurrency exchange...Read More
Vietnam’s Orient Commercial Joint Stock Bank is in the news after it joined RippleNet as a strategic partner on 16 October. Phong Nguyen, Head of Fintech at OCB, described the strategic partnership as the result of a “10-month effort in mobilizing multi-division resources and aggressively exploring business use cases.” According to Nguyen, Ripple’s technology will...Read More
The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities. The digital world is stealing the attention of the Spaniards. In its...Read More
