Amid rumours of Huobi’s exec arrest and speculations arising from large USDT deposits and BTC withdrawals, the Singapore-based crypto company said in a statement today that it was “operating normally”. The firm reassured users in an official post that: We have noticed that recent events have sparked inquiries and speculation from some users. Huobi reiterated:...Read More
Lightning Labs, that developed the Lightning Network, a Layer 2 payment protocol and a proposed solution for the Bitcoin scalability problem, announced the release of Pool, “a non-custodial, peer-to-peer marketplace” which would “transform” Lightning liquidity into a tradable asset. Pool is said to allow node operators to buy or sell access to liquidity on the...Read More
Axion Network’s AXN token’s price has crashed by 100% just hours after AXN token went live today on 2 November, and, according to its Telegram channel, Axion Network’s COO claimed this price crash was due to a minting exploit in the contract with regards to staking: Image Source: Telegram The message from Axion Network team...Read More
Bitcoin bulls have managed to regain the $13.4K support today after prices crashed 3.7% in 4 hours. Uncertainty in the stock markets and the upcoming US presidential elections could have played a role in today’s crypto market activity, as larger traders tend to withdraw into more stable assets ahead of significant global events. $12 billion...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice With Ethereum 2.0 coming ever closer, ETH’s prospects look good. However, ETH, at press time, underlined an opportunity to short on a high timeframe. So, these are interesting times, as all of it depends...Read More
Acknowledging that he called the launch of the ETH 2.0 deposit contract ‘a touch early,’ ConsenSys’s Ben Edgington has now shared the latest developments regarding Phase 0, the Medalla testnet, and other important client updates. As Danny Ryan recently explained, deployment of the deposit contract had been pushed back slightly to allow the audit of...Read More
A few days ago, Bitcoin ended the month of October by closing above $13,700. This was big news since this was the highest monthly close since the historic bull run back in 2017-18. A high close at a time when Bitcoin is not massively leveraged and when exchange reserves are still low points to the...Read More
Centre for Science and Security Studies, which is the research wing at King’s College London published a report on 2 November that outlined attributes of blockchain technology and how it could enhance trust between nations fighting to dismantle nuclear warheads, “in a safe” and “reliable” way. According to the arguments set forth in the report,...Read More
Bullish sentiment receded marginally as the Crypto Fear and Greed Index noted a figure of 71 at press time, compared to 72 and 75 over the past couple of days. As far as the market’s cryptocurrencies are concerned, Tezos retested an important level as resistance and was expected to head south once again, while IOTA...Read More
Bitcoin SV, at the time of writing, was facing a major dilemma within the price range of $165-$180. With BSV’s price oscillating between $160 and $180, the crypto-asset was not found to have taken advantage of Bitcoin’s northbound rally. However, while Bitcoin may be on a high right now, many expect the king coin to...Read More
Over $400 million worth of the most popular stablecoin Tether (USDT) has been sent to the cryptocurrency exchange Huobi over the past couple of hours. Two of the transactions were sent from an unknown address with a total worth of around $304 million, while another transfer worth $100 million was sent from Bitfinex. Over $400...Read More
With Bitcoin’s price rallying above $13,700, the Bitcoin market has captivated all institutional investors, more than it did in 2017. Institutional money is pouring into Bitcoin and it can be argued that the present stage of the price rally is like an institutional macro stage. Bitcoin’s spot and derivatives markets have differentiated themselves from other...Read More
Governor of central bank of China, Yi Gang, today revealed that in its CBDC pilot program, the digital yuan has been used in over four million transactions totaling to more than 2 billion yuan (about $299 million) to date. During the Hong Kong Fintech Week conference on 2 November, the Governor of People’s Bank of...Read More
The King’s College London’s research arm, the Centre for Science and Security Studies (CSSS), has published a report arguing that blockchain technology can enhance the trust between countries fighting to dismantle nuclear warheads, thus reducing the risks of potential wars. Blockchain To Help With Nuclear Warhead Dismantling? Ever since their emergence during World War II,...Read More
Remember that altcoin, the one you thought was going to be big and make you tons of profit? The one whose bag you bought and perhaps, are holding to this day? Yes, this article is about those altcoins that you thought were gonna get big, perhaps even becoming the next Bitcoin. Alas, most of these...Read More
Spectre.ai’s DeFi Boost Wallet powered by Chainlink price feed enables high DeFi returns! When we talk about exceptional changes in the ever-evolving world of cryptocurrencies, the growth of DeFi has blown everything else out of the water in 2020. From a total value locked (TVL) of $675 million on January 1st, 2020, the current TVL...Read More
ETH/USD – Ethereum Resting At Trend Line Support Key Support Levels: $377, $364, $360.Key Resistance Levels: $390, $400, $410. Ethereum struggled to break the resistance at $416 (bearish .618 Fib) earlier in October which saw the coin heading lower this the past week. During the weekend, Ethereum managed to rebound from $380 and push as...Read More
Ripple Locks 800 Million XRP at Escrow One of the crypto tracker that records the huge and interesting crypto transfers and transactions recently recorded an XRP transaction. According to Whale Alert, nearly 800 million XRP tokens were locked at escrow at Ripple. The escrow is a feature at the XRP Ledger that enables the user...Read More
Tron’s charts saw the market’s bears dominate the proceedings over the past few days, while it also faced controversy over the launch of JustLink. DigiByte and Ontology noted a feeble bounce on the charts, a bounce that could reverse itself over the next few hours. Tron [TRX] Source: TRX/USDT on TradingView TRX closed under a...Read More
2020 has been a curious year for the crypto-market. While Bitcoin’s halving and its price performance grabbed most of the attention, DeFi wasn’t too far behind either. For weeks, most DeFi projects did exponentially well. However, this wasn’t to last as over the last two months, the sector quickly fell back to earth. In light...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin and its price is a reflection of its evolution. BNB has evolved quite a lot over the last 4 years; from being an ERC20 token to having its own chain, consensus algorithm,...Read More
[PRESS RELEASE – Please See Disclaimer] From 10/28/2020 to 02/05/2021 the first stage of the POS-challenge on the Enecuum platform will take place. The duration of the first stage is 100 days. PoS challenge is conducted in several independent stages. Each stage starts after the end of the previous one. During each stage, the system...Read More
One of the most popular blockchain projects, TRON, had undergone an attack by a malicious contract earlier today. Company CEO Justin Sun detailed the events in a recent tweet, reassuring users and developers that the system and all assets are “absolutely safe.” TRON’s Mainnet Attacked TRON’s founder and CEO took it to Twitter to explain...Read More
Ethereum rose from $380 to $399 on the charts and was knocking persistently on the doors of $400. Ethereum surging past $400 could revitalize the altcoin market, but Bitcoin’s movement will also have a significant say on the market. Further down the crypto-ladder, Stellar Lumens noted steady selling pressure, while Verge registered a bullish divergence...Read More
Currently, there is a lot of speculation and forecasting going on in the DeFi ecosystem. After a wholesome year of remarkable growth and performance, DeFi is finally grabbing much attention than it has ever had. Unsurprisingly, there are still many critics and skeptics constantly probing the viability and longevity of DeFi protocols. In all fairness,...Read More
Will Bitcoin Dump, or Begin Trending in Confined way? Bitcoin price seems to have been pulled back close to $14000 after it’s 12th Whitepaper day on 31st October. In fact, BTC price had crossed $14000 on its birthday for a moment. And currently, it is trending around $13,662 with a mere increase of 0.09% at...Read More
The Reserve Bank of Australia has partnered with two major local banks and ConsenSys to explore the potential use of Ethereum-based wholesale central bank digital currency. The announcement from Australia’s central bank named the other partners – Commonwealth Bank, National Australia Bank, and the financial services company Perpetual. The research group will develop a “proof-of-concept...Read More
Bitcoin’s dominance rose as high as 64.17%, before dropping to 63.45%, at press time. Bitcoin, the world’s largest cryptocurrency, could be set to move sideways on the charts as it was consolidating its gains. In doing so, over the next month, BTC could breathe some life into bleeding altcoins. EOS dropped beneath a level of...Read More
Bitcoin has failed to sustain its level above $14,000 after breaking it a few days ago. In fact, the cryptocurrency saw a sharp decline in just a few minutes as it lost about $300. Bitcoin’s dominance has also decreased over the past 24 hours by almost 0.5% which means that altcoins are trying to claim...Read More
Klaytn, a blockchain project backed by South Korean Internet giant, Kakao, has announced that Maker Foundation, the organization bootstrapping the Ethereum-based MakerDAO project, has joined the Governance Council of the Klaytn public blockchain. We are excited to announce that #MakerDAO which generates stablecoin, #Dai is joining the #Klaytn Governance Council. Please check out the blog...Read More
