Bitcoin bulls are trying to regain lost ground after failing to break the high set back on June 26, 2019, at $13,880. This would’ve been the highest price Bitcoin has reached in over 490 days, however, heavy selling pressure and a weakening uptrend caused prices to tank over 7% in under 12 hours. Right now,...Read More
Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United...Read More
Bearish momentum in the market was clearly visible on the trading charts of Binance Coin, Cosmos and Basic Attention Token. Binance Coin and Cosmos, ahead of a major downward move, were attempting to retrace some gains at press time, however an overall bearish scenario was maintained for both the alts. In the case of Basic...Read More
Registering poor daily returns, both Ontology and Maker’s valuation were down by almost 3% since yesterday. This happened despite, Bitcoin recording appreciable gains on its daily charts. Given a strong price correlation with Bitcoin Cash (BCH), Bitcoin’s price rise indeed helped in warding off a strong selling pressure for BCH. The digital asset was poised...Read More
Most digital assets recorded negative gains on their daily charts today, as the bears controlled the market. Chainlink and FTX Token remained just above their key support levels following a strong sell-off witnessed on the trading charts. IOTA too remained bearish and was in for another possible downward price action over the upcoming trading sessions....Read More
Founder and CEO of business intelligence firm MicroStrategy, Michael Saylor said in a tweet today that he personally holds 17,732 BTC which he bought at $9,882 each on average. In addition to declaring his personal BTC haul, Saylor said that he had informed MicroStrategy about his personal BTC investment before the company decided to buy...Read More
Bitcoin Dominance rose to 63 and Bitcoin was trading at $13,676 at press time. The altcoin market was registering some losses for the day, but a pullback on Bitcoin could see the red for other assets in the crypto space in the coming days. EOS exhibited a bearish divergence, and Stellar Lumens appeared to be...Read More
Major crypto exchange Coinbase announced today that its customers in the US can now join a waitlist to acquire a Coinbase Card – which is a Visa debit card – that allows its customers to spend crypto for payments and purchases online and in-store -anywhere that Visa is accepted. The Coinbase Card which is already...Read More
Grayscale’s recent Bitcoin Investor study has been painting a good picture for Bitcoin in terms of adoption. More than half [55%] of the United States investors were interested in Bitcoin investment products in 2020, compared to 36% observed in 2019. Major reasons for this boost have been the pandemic pushing people to sought to new...Read More
Crypto Fear and Greed Index showed a value of 70 as Bitcoin saw bullishness prevail both on the charts and on social media posts. Litecoin rose past resistance at $58.6 but showed a bearish divergence that could see a minor pullback for the asset. Tron was trading within a range and showed no signs yet...Read More
The collective altcoin market is struggling and XRP was no different. While Bitcoin continued to attain new yearly highs, XRP and the rest struggled to breach their immediate resistance. A new yearly high was completely out of the picture at the moment, but analysis suggested that the bullish paradigm might be a little more drawn...Read More
New York-based regulated cryptocurrency exchange Gemini announced today that it will now allow its users to buy and trade all available cryptos with euros on its mobile and website: Crypto is going Global. @Gemini now supports Euro ($EUR) 🇪🇺 deposits and trading as well as Great British Pound ($GBP) 🇬🇧 deposits and trading across all...Read More
The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases. According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards. It will be available in nearly 30 countries, including...Read More
Andreessen Horowitz the venture capital firm founded by Marc Andreessen and Ben Horowitz today announced its newest operating partner – (former) chief regulatory officer of the New York Stock Exchange, Anthony Albanese. The NYSE executive who has been working with regulators at the state, federal, and international levels since 2016 will be advising a16z’s crypto...Read More
Former hedge fund manager and CEO of Real Vision, Raoul Pal, believes that the real impact of the COVID-19 pandemic is about to reach the financial markets. By outlining several upcoming cornerstones among traditional financial assets, he highlighted Bitcoin as the “life raft” in this situation. Raoul Pal: Everything Has Changed In a recent Twitter...Read More
Bitcoin’s identity is myriad; it is a store of value, uncorrelated asset, safe haven, etc. For each of these terms, there is a story and reason behind it. For now, let’s focus on it being an uncorrelated asset and a store of value. In the previous article, we’ve explained why bitcoin is largely a retail-driven...Read More
Although bitcoin hit $13,800, it seems like altcoins didn’t share the enthusiasm, as most coins including Polkadot, saw a decline. Perhaps, this rally was centralized to bitcoin and very few altcoins, and Dot wasn’t among them. Source: DOTUSD TradingView At press time, Dot is trading at $4.601 and is in the top 10 list of...Read More
Michael Saylor, the founder and CEO of the Nasdaq-listed company MicroStrategy, has revealed that he personally HODLs nearly 18,000 bitcoins. Additionally, he announced that his company has instituted a new Bitcoin-oriented treasury reserve policy and plans to make further BTC purchases. Michael Saylor Owns 17,732 Bitcoins The CEO of MicroStrategy has a somewhat compelling history...Read More
From Microstrategy’s $500 Million investment in Bitcoin to PayPal’s integration of crypto, in the past three months, we have seen it all. November 2020 is unlike any month since 2018. Bitcoin is trading above $13k and the top 10 altcoins have gained 10-12% in the past week. Additionally, BTC, ETH, and USDT reserves are the...Read More
ETH/USD – Bulls Defending .382 Fib Retracement Key Support Levels: $377, $370, $364.Key Resistance Levels: $400, $410, $416. Toward the end of last week, Ethereum surged higher from $370 as it climbed above the $400 level and managed to reach as high as $421 (1.414 Fib Extension). More specifically, it was unable to close a...Read More
There’s never a boring day in the cryptocurrency field. Yesterday, the entire community was ecstatic as Bitcoin’s price made a run for the 2019 highs. Unfortunately, it came inches away from it and started to retrace. Today, the total cryptocurrency market capitalization is down about $15 billion since its most recent peak hours ago. Bitcoin...Read More
Bitcoin SV made a strong move upward alongside Bitcoin and exhibited a bullish divergence that could see BSV break beyond a level of resistance. At press time Bitcoin was being traded at $13,643 with a trading volume of $291.9 billion. Source: CoinStats Dash saw a steady stream of selling volume on the asset and registered...Read More
Tomochain, the Singapore-based smart contract platform, has taken another stride towards its aim of hosting government and enterprise applications with its acquisition of Lition, a German company that provides public and private blockchain services. Launched on Ethereum in October 2020, Lition represents a bridge between public and private blockchain use-cases with its ability to delete...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. While most of the cryptocurrency market was witnessing an upswing in the price movement, Bitcoin Cash was noting a downward trajectory on 26 October. The increase in selling pressure pushed...Read More
[Featured content] Privacy is undoubtedly one of the main concerns when it comes to cryptocurrencies. A lot of their appeal comes from the fact that they’re considered much more private compared to traditional money transfer. That, however, has turned out to be rather untrue throughout the course of the past few years. In fact, one...Read More
Bitcoin’s public and pseudo-anonymous nature has reduced its preference for laundering cash. However, folks still ‘try their best’ to route money using BTC. And often fail. In one such case, justice authorities awarded a prison sentence to a couple from Hilversum, the Netherlands, for moving million euros through bitcoin. Bitcoin Laundering Hustle Busted; 2532 BTC...Read More
On 28 October, SBI Holdings announced that Ripple Labs Inc’s decision to invest in Money Tap Co., Ltd, a subsidiary of SBI Holdings. The details of the nature of investment have not been made public, but through this partnership, Money Tap will develop new functions and services which will include “small-amount collection service and corporate...Read More
The cryptocurrency space has been on the rise in the mainstream as regulations, governments, and traditional institutions have come to normalize and legitimize much of the space. This year the planet has faced a worldwide pandemic, and therefore the traditional markets and economies around the planet had to undertake and affect this unprecedented event. It’s...Read More
Bitcoin painted yet another 2020 high at above $13,850 and came inches away from breaking the 2019 peak as well. In contrast, most altcoins have remained steady or in red, and the Bitcoin dominance has surged above 62.5%. Several Times In a Week: New Bitcoin 2020 Highs The primary cryptocurrency has been on a roll...Read More
Bitcoin rose past $13,700 and some altcoins showed promise as well. Polkadot was trading in a strong uptrend in the past few days and faced a minor pullback. Tezos was caught in the grip of bears once more while Zcash was trading above important levels of support but trending lower. Polkadot [DOT] Source: DOT/USDT on...Read More
