Business intelligence firm MicroStrategy which had earlier invested $425 million of its treasury funds into bitcoin, in August and September, was lauded for supposedly driving mainstream BTC adoption at that time. However in an interview today macroeconomist and co-founder & CEO of Real Vision, Raoul Pal said that MicroStrategy was not going to drive corporate...Read More
United Nations Office on Drugs and Crime (UNODC), advisor wants countries like Kenya to adopt blockchain technology which would then make it easier for the nation to trace government corruption and other economic crimes. UNODC’s regional anti-corruption advisor, David Robinson, believed that online trust was necessary while building confidence in governments and preventing fraud and...Read More
The bears seemed to have had a significant impact on the prices of altcoins today. Barring Bitcoin, most of the entire crypto market was once again painted in red. Bitcoin at press time was being traded at $13,491 with a 24-hour trading volume of $298 billion. Source: CoinStats Both Bitcoin SV (BSV) and FTX Token...Read More
Binance Coin saw rapid losses in the past few days, undoing most of last month’s gains. There is a likelihood it would post further losses in the coming days. Monero was trending lower in the short-term, yet an important level of support was not yet subject to intense scrutiny by the bears. Dash was trading...Read More
With the spooky month coming to an ending, the spookiest thing you can expect is Ethereum outperforming bitcoin. Well, Ethereum outperforming bitcoin isn’t spooky per se, but there are other aspects to this that suggest otherwise. Outperformance here is comprised of solid price data and then the sentiment around each coin. Bitcoin v. Ethereum Price...Read More
Both Polkadot and Tezos exhibited a bullish divergence after their recent moves beneath important levels of support. It remained to be seen whether this divergence would cause a bounce or manage to effect a reversal in trend over the next few days. Zcash also rapidly lost levels of support in the past few days. Polkadot...Read More
Cardano continued to record losses as it fell below crucial support levels. While Filecoin remained neutral after it recorded low volatility on its charts. Further, Ethereum Classic too was seen entering a bearish setup, with its technical indicators also depicting strong sell sentiment on the trading charts. Cardano [ADA] Source: ADA/USD on TradingView At the...Read More
David Roche, the President and global strategist at Independent Strategy, a research group that advises governments, and influential financial institutions believes that the Chinese yuan has “a long way” in being able to achieve the US dollar’s status as a reserve currency. The financial executive believed that even if China’s central bank digital currency, the...Read More
Andre Cronje has gained a lot of attention for his work with yearn.finance [YFI], but with the Eminence fiasco, the stock value took a hit. However, the newly launched KP3R token has once again caused much excitement and could be a refreshing take on existing DeFi tokens. Keeping up with its expanding DeFi list, Binance...Read More
Glassnode’s report points out that the bitcoin network’s health and liquidity have both reduced since last week, however, the sentiment remains the same. This is an interesting development that is one-sided, ie., only happens during price ascent. Let’s address why this is the case with the sentiment in this article. Sentiment Source: Glassnode Sentiment is...Read More
The Bitcoin market has been leading the altcoins trend for the longest time, but currently, some alts have been at a deciding junction. Litecoin [LTC] was one such alts at an indecisive position. The current price of LTC was at $52.67 and it can be an interesting point for both short-position and long-position. Litecoin 1-hour...Read More
Cryptocurrency trading platforms in Hong Kong will soon be subjected to full legal scrutiny as the nation’s financial watchdog plans to release a new regulatory framework. The Hong Kong’s Securities and Futures Commission (SFC) announced that it plans to regulate all cryptocurrency exchanges in the country, Reuters reported Tuesday. Hong Kong has struggled in the...Read More
With some minor price adjustments to the downside seen in Bitcoin over the last 48 hours, the alt market was once again painted in red. However, the technical indicators for Bitcoin while showing little price recovery progress, maintained mixed signals on volatility and price action. While the short-term trend for Tron and Compound continued to remain...Read More
XRP/USD – Buyers Continue To Defend October Lows Key Support Levels: $0.235, $0.228, $0.22.Key Resistance Levels: $0.245, $0.251, $0.261. XRP fell beneath the symmetrical triangle pattern at the end of October and headed toward the 100-days EMA. It found support at the 200-days EMA but fell below it yesterday. Despite this, XRP remained supported at...Read More
Ethereum is currently undergoing a massive short-term collapse as the price dropped down to $378 from $400 within 36 hours. While there might be more correction following up on this bearish trend, a quick turnaround from $370 is a likely scenario as well. Ethereum 4-hour chart Source: ETH/USD on Trading View The 4-hour chart is...Read More
Cryptocurrencies will now come under fresh regulations in Hong Kong as its Securities and Futures Commission (SFC) proposes to ban retail investors from trading in cryptocurrencies. The new rules also aim to force crypto exchanges in Hong Kong to obtain licenses. During the Hong Kong Fintech Week event on Tuesday, Chief Executive Officer of the...Read More
Bitcoin, after a massive rise to last year’s high, trimmed gains in a sudden selloff yesterday. YouTube-based BTC commentator Carl Martin a.k.a The Moon, opined that the cryptocurrency is experiencing selloff from miners. But is that actually true? Is bitcoin dipping because of miner capitulation? Nope, there’s no tangible proof to corroborate the same. Carl...Read More
Crypto Fear and Greed Index stayed unchanged from the previous day at 71. The weekly and the monthly candle closed at $13,800 which is a high timeframe resistance level, and the last major level before ATH. Chainlink attempted a break to the upside but was strongly rejected. IOTA and DigiByte continued to trend lower in...Read More
Latin American Bitcoin & Blockchain Conference, LABITCONF is historically the most relevant event in the region. This year, from December 7 to 11, it will seek to replicate the enormous success of previous years, and with the slogan “The Digital Experience” is committed to a new adventure that will feature the main international players in...Read More
The Bitcoin network just went through the second-largest negative difficulty adjustment and its most significant one since the start of the ASIC era. The 16.05% decline exceeded previous expectations indicating a readjustment of somewhere between 7% and 10%. Record-Setting BTC Mining Difficulty Adjustment The mining difficulty on the Bitcoin network goes through an automatic adjustment...Read More
Abstract: In this report we examine merge mining on the Bitcoin blockchain. In the last year or so, on average each Bitcoin block mined contains around two commitment hashes from other blockchains somewhere in the coinbase transaction, indicating that most miners are conducting multiple forms of merge mining. Currently over 90% of the Bitcoin hashrate...Read More
It goes without saying that a lot has happened over the past four years when it comes to cryptocurrencies. We went through the market’s most parabolic cycle in 2017 and a prolonged bear market in 2018. In 2020, the market is arguably in a bullish state coming into this year’s US Presidential Elections, where Donald...Read More
While Bitcoin witnessed a minor pullback on the 24-hour window, altcoins collectively witnessed strong corrections. XRP was set back by almost 4%, consolidating right above its immediate resistance. With the market exhibiting extreme turbulence, for XRP’s long-term, the price might find it difficult to rise up in the charts, but not impossible. XRP 12-hour chart...Read More
Despite Being in Deep Waters, Huobi Says It’s Fine!! The crypto space fell into the well of fear with the rounds of Huobi COO, Robin Zu getting arrested by the authorities. However, Huobi has denied the arrest and also said the smooth functioning of the exchange would continue. The bitter experiences from the recent events...Read More
Bitcoin continues to struggle ever since it peaked above $14,100 during the weekend. The situation with alternative coins is even worse, and the total market capitalization has dipped to about $390 billion. Bitcoin’s Struggles Since Its 1,000-Day Peak CryptoPotato reported over the weekend that the primary cryptocurrency spiked to a new 2020 high of about...Read More
PayPal CEO Daniel Schulman said that the large online payment processor will add numerous new cryptocurrency-related features at the start of next year. In the most recent earnings call reported by Fortune, Schulman noted that the platform will enable crypto payments for goods and services at 28 million merchants. He reassured that it will not...Read More
Bitcoin failed to hold on to $13,700 over the past few hours and slid to $13,400. A deeper correction could be in play as analysts expect a move to $12.7-$12.9k. Altcoin markets took a hit on Bitcoin’s move downward. Bitcoin Cash slipped beneath a level of support. EOS and Dogecoin also plunged and their markets...Read More
Traditional Crypto Assets turned down below Support Levels The bulls appeared to have outperformed by the bears as the price of most of the assets slashes drastically. The DeFi space also follows the same suit with the most popular tokens plunges recording a two-digit loss. Bitcoin which had a bull rally after announcements by the...Read More
Bitcoin’s Fee Ratio Multiple (FRM) is a metric for measuring the distance proof-of-work blockchains have to cover in order to sustain current security levels solely through transaction fee revenue. According to analytics provider Glassnode, FRM is linked to demand and caused by higher transaction fees. It is currently at its lowest level since January 2018....Read More
You may have come across the theory of Liquidity pools in the Defi ecosystem. But what are Liquidity Pools and how do they function? And why, in decentralised finance, do we really need them? Liquidity pools provide a new standard to effectively trade shares while helping investors obtain a return on their investments. Here, we...Read More
