Interestingly, at the time of writing, the bullish sentiment for the market’s altcoins seemed to be nearing an end after the Bitcoin bulls too, entered a cooldown period. This indicated that post a brief price surge, a south-bound trend was visible in EOS and Stellar Lumens (XLM). Despite this, the XLM market continued to be...Read More
After quite a volatile rally to $13,000, bitcoin price action has tempered down a bit. But, the case for future gains remains strong, according to a technical setup that popular Youtube and Twitter-based BTC analyst Carl Martin shared today. This will surely get the hopium levels of bulls soaring. According to him, the top cryptocurrency...Read More
As the crypto market displayed strong buying sentiment, the bullish trend added to the valuations of most altcoins for a third consecutive day. Maker gained almost 3.5 % in its valuation since yesterday, signaling bullishness in the short-term period. XRP too sided with the bulls noting some gains on its trading charts. While for Ontology the...Read More
For a while now, Brad Garlinghouse, CEO of San Francisco-based crypto payment company Ripple has been tweeting about the need for regulatory clarity. Garlinghouse revealed that he is considering moving Ripple’s headquarters to London over the lack of clear regulations with regard to cryptocurrencies in U.S. Garlinghouse especially considered relocating to the UK because the...Read More
Bitcoin’s ATH of $19k is still 33% away. Bitcoin’s price is up 14.85% in the past 7 days and market conditions are conducive for further growth. From smart money inflow of over $550 Million within 2 weeks to drop in inflow on exchanges, nearly all charts signal the bullish sentiment. Map of spent Bitcoins ||...Read More
Ken Kurson, member of payment protocol firm Ripple’s board of directors, was arrested on Friday and has been charged by federal prosecutors in Brooklyn for cyberstalking in connection with his divorce. Authorities have also accused the Ripple board member of sending threatening and stalking messages to several people. Reports state that Kurson allegedly threatened an...Read More
Stablecoins are hotter than ever, with Tether’s trade volume surpassing Bitcoin’s by 55% in the past 24 hours. Led by surges in the USDC and USDT, the total number of stablecoin daily active addresses has topped 265K. Stablecoin Active Address || Source: Coinmetrics The above chart by Coinmetrics is smoothed using a 7-day rolling average....Read More
Calling the prospects of introducing a CBDC in Russia “very real,” head of the Central Bank of Russia Elvira Nabiullina said on Friday, a pilot launch of the Russian CBDC, or the digital ruble, “is possible” at the end of 2021. The news follows a recent opinion of an official from the Russian Central Bank’s...Read More
The PayPal announcement and the subsequent hike in Bitcoin’s price came at a great time for the altcoin market since many alts were struggling with the downtrend they have been on since mid-August. This speaks to not just Bitcoin’s overwhelming dominance of the crypto-market, but also to its high correlations stats with the rest of...Read More
It is easy to forget that Bitcoin, other than being a revolutionary asset in the current financial system, was initially created with the goal of Peer-t0-Peer transactions without any intermediaries. While discussions with respect to P2P volumes are limited in the space, Arcane Research’s new report brought the P2P scenario under a new optimistic light....Read More
Major crypto exchange Binance announced today that its investment and incubation arm, Binance Labs has made a strategic investment in a new blockchain-based decentralized streaming protocol, called Audius. Binance Labs led the extension round for Audius which was worth $1.25 million. The community-owned music sharing protocol is yet to launch on mainnet, and had earlier...Read More
Following Bitcoin’s week-long price surge till its breach of the $13,000 level; Chainlink and Tezos also appeared to be bullish, with the two alts trading in green zones at press time. DASH on the other hand succumbed to selling pressure, after going through a short breather of bullish sentiment just a few days ago. Chainlink...Read More
This week was particularly interesting in the cryptocurrency markets. Bitcoin’s price charted a new 2020 high, surging to as much as $13,217 on Binance. The entire market cap surged and gained almost $40 billion throughout the past seven days. The catalyst for this major move was PayPal. The world’s largest online payment processor announced that...Read More
Bitcoin Bitcoin saw a very strong 13% price increase over the past seven days which allowed it to break above the $13,000 handle. At the start of October, Bitcoin managed to penetrate above a symmetrical triangle pattern which was the first sign that a bull run was about to form. After the breakout, it managed...Read More
People’s Bank of China (PBoC) published a notice today stating that the country’s central bank has provided various channels such as email, fax and letter to acquire public opinions, or feedback on a revised draft that under Article 19, under Section 3, the draft proposes to include: Renminbi includes both a physical form and a...Read More
As the world’s largest and most dominant cryptocurrency, Bitcoin obviously shares high correlation stats with many of the market’s altcoins. However, while this may be the case, such a correlation isn’t always consistent or even uniform. The same was evidenced when looking at the price charts for Monero, Synthetix, and Crypto.com Coin, with each of...Read More
Local government networks were the target of a recent ransomware attack in a county in the state of Georgia. The key voting infrastructure assault reportedly managed to affect “critical systems” within the network. The First Ransomware Attack For This Election Season According to a recent CNN news report, the attack on Georgia’s Hall County was disclosed...Read More
The past few weeks have been quite favorable for Bitcoin’s price action. At press time, the coin was testing a key resistance around $13K, and if this resistance is breached, that would take Bitcoin to this year’s ATH. Interestingly, another metric that is quite favorable for many Bitcoiners is its UTXO profitability. According to data...Read More
LINK/USD – Bulls Form Ascending Price Channel Key Support Levels: $11.50, $11, $10.50.Key Resistance Levels: $12.33, $13, $13.50. LINK bounced higher from the support at $8.77 at the start of October. From there, it started to form an ascending price channel. The coin recently bounced higher from the lower boundary of this price channel as...Read More
According to a statement by Changchun Mu, the director of the Chinese Institute of CBDC, China’s dual offline wallet for its CBDC has now been fully developed and is ready for testing. The introduction of this wallet is expected to be the follow up to the pilot, which took place on October 12. This phase...Read More
Praem Capital representatives have officially announced the launch of the company’s new landing page. According to Nicolas Durr, Founder and CEO of Praem Capital, a correct informational structure and the arrangement of the company’s business opportunities in a new, logical sequence will help clients to perceive information in the right way and allow visitors to...Read More
The US dollar is the most common currency used for cross border settlement between various countries and big corporations with the help of the traditional banking system. According to a report by the Balance, 90% of foreign exchanges involve the US dollar. The dominance of the US dollar as a means of global payment has...Read More
Amid the most recent cryptocurrency price developments, Grayscale Investments has increased its assets under management (AUM) by over $1 billion in a week. Perhaps even more impressive is the AUM increase in a day – a “cool” $300 million. Grayscale’s AUM Explodes In October CryptoPotato reported Grayscale’s Q3 2020 record-breaking earnings last week. The company...Read More
BitMEX, one of the world’s leading Bitcoin margin trading exchanges, appears to be taking major steps to increase its value proposition. In a couple of recent announcements, the exchange said that it’s going to reduce some of its fees while also adding more cryptocurrencies for trading. This comes months after the exchange had to introduce...Read More
In an announcement, Stellar said that the Stellar public network will no longer upgrade to Protocol 14 on October 28, skipping straight ahead to Protocol 15. Protocol 15 is reportedly the same as Protocol 14 but fixes an issue that could have caused validators to crash, reports Stellar. After the Stellar testnet upgraded to Protocol 14,...Read More
The last five days have been very bullish for the crypto-market, with the world’s largest cryptocurrency, Bitcoin, pumping by over 15% over the aforementioned time period. In fact, BTC’s latest pump had the crypto climb by over $1,500 on the charts, with BTC even breaching the psychological resistance of $13,000, albeit briefly. Source: CoinStats While...Read More
Bitcoin spiked above $13,000 once again and came close to painting yet another 2020 high. Ethereum jumped above $410, and most altcoins have followed alone with notable increases. The market cap has gained $8 billion more. Bitcoin Swings At Another YTD High CryptoPotato reported yesterday that the primary cryptocurrency surged to a fresh 2020 high...Read More
Open Interest on one of the world’s largest exchanges continues to increase as proof. According to data from Skew analytics, Open Interest on the Chicago Mercantile Exchange (CME) has surpassed that of retail exchange Binance and taken the second spot. The move was noted by long-term Bitcoin trader Nick Cote who likened it to an...Read More
Founder and CEO of Filecoin, Juan Benet, took to Twitter to clarify that Justin Sun’s accusations of a Filecoin exit scam were completely false. On this Justin Sun bullshit — these accusations are completely FALSE. Neither PL nor any team member sold FIL as he accuses. & the ridiculous magnitude of trade he claims we...Read More
We are expanding our Altcoin offering further with the launch of three new Altcoin/USDT underlying quanto futures contracts. Trading will begin on 30 October 2020 at 04:00 UTC. Twenty-four hours before the start of trading, the new contracts will be visible on the platform as Unlisted. Binance Coin (BNB) powers the Binance ecosystem and is...Read More
