It has been roughly seven months since the US government sent the first stimulus checks worth $1,200 to many citizens. Interestingly, that amount would now be worth nearly $3,000 if invested in Bitcoin as the asset price has significantly appreciated since then, unlike the dollar. Stimulus Checks: The History World governments were caught by surprise...Read More
If Ripple shuts down, would XRP still trade? Yes, said CEO Brad Garlinghouse recently, using Litecoin’s success after its founder stepped away from the project to make his case. During a recent podcast, the Ripple exec stated that while he doesn’t intend to step away from Ripple anytime soon, he might move the company overseas...Read More
When Bitcoin was launched back in 2009, experts believed that it was launched to tackle the global financial crisis. The banking crisis was at the heart of it, and Satoshi’s vision may have been to decentralize what we know as money. Despite regulatory clampdown in the first 7 to 8 years of its existence, Bitcoin,...Read More
While DeFi was the talk of the town months ago, the hype around Decentralized Finance seems to have died down lately. This, in turn, has reflected badly on the price action of many DeFi tokens, many of which surged just a few months ago. Synthetix Network Token [SNX] is a case in point. After having...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin Cash’s price has been on the rise since the start of September, with its charts highlighting the strong bullish momentum in its market. However, the cryptocurrency’s good fortunes may be coming to an...Read More
ETH/USD – Ethereum Stalled By September High-Day Closing Price Key Support Levels: $445, $439, $430.Key Resistance Levels: $475, $490, $500. Ethereum managed to surge higher from the resistance at $462.50 (bearish .886 Fib) yesterday as it pushed into the $475 resistance provided by the September High-Day closing price. Unfortunately, the coin was unable to continue...Read More
Bitcoin’s dominance was noted to be around 65.27% at press time, after a drop from 65.99%. A rise in the said metric, alongside an appreciating Bitcoin, is generally an indication of losses in the altcoin market. Both Bitcoin SV and Ontology looked to be heading south on the charts. BSV was unable to breach a...Read More
Bitcoin’s price rallied from $15,500 to $16,000 in less than seven days. Based on data from CoinMarketCap, the last time the price crossed $16,000 was way back in January 2018. However, notwithstanding Bitcoin’s recent price performances, the hype around the hike in 2018 was much higher than the one we are seeing today, in 2020....Read More
With the Flare Network scheduled to carry out an airdrop of Spark Tokens almost a month from now, it has been receiving support from a host of exchanges including Bitrue, Cred, Uphold, and Bitbns. However, there are many exchanges that have not yet confirmed their support of the airdrop, exchanges like Bitstamp. Bitstamp revealed that...Read More
Even though the idea of cryptocurrencies has been to provide financial independence to people, for worldwide adoption, crypto will require support from world governments. This is an important step since it allows digital assets to be seen not as a threat, but as a medium of improving the flaws in traditional banking. However, not every...Read More
Chainlink did not have strong buying interest behind it as its price appeared to break out of a continuation pattern, one that invalidated the break. Waves, on the contrary, saw rapid gains and could post more, although it also showed some important levels to watch out for in case the surge north broke down. Finally,...Read More
Brad Garlinghouse, CEO of Ripple, made waves across crypto-Twitter recently after he claimed that XRP is to Ripple what Exxon is to Oil on a podcast. Garlinghouse’s use of the analogy is an interesting turn of phrase, to say the least. However, what is even more interesting is that when the host interceded by pointing...Read More
The process of ‘going public’ for any firm or entity can be best described as the pinnacle of success, an achievement that requires more capital to remain successful. Now, an IPO-based company in the digital asset field is a rare sight, but a DCG IPO might have the potential to prosper, if it ever decides...Read More
The largest bank in Belarus – the ASB Belarusbank – has reportedly launched a legal service enabling customers from the country and Russia to purchase cryptocurrencies. Users will be able to exchange digital assets for Belarusian and Russian rubles, US dollars, and euros directly with their Visa payment cards. Belarusbank To Allow Crypto Purchases According...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice In a development that was received well by many of its proponents, XRP’s price rose substantially on the charts over the past few days. However, with most altcoins’ price action being dictated by Bitcoin’s...Read More
Stellar Lumens was on its way to flip a level of resistance to support while moving higher on the charts, at the time of writing. On the contrary, DeFi tokens saw a surge after investors piled in on the first sign of strength and Aave doubled in value over the past few days. Finally, FTX...Read More
The famous hip hop artist Akon has announced that the digital asset Akoin has been listed on Bittrex, and trading has started earlier this week. Akon and Akoin’s co-founder and president Jon Karas called the addition a “major milestone” in a recent livestream. The rapper believes that more exchange will follow the example set by...Read More
xBTC is in the news today after it announced its integration with Chainlink to launch a new product type that will use Chainlink oracles to dictate a token’s economics. This integration will create a spot price for a data point that has never before had a spot price – Bitcoin Market Cap Dominance (BMCD). That’s...Read More
After marking a new yearly high of $16,500, BTC now seems to be retracing. The cryptocurrency dropped to as low as $15,750 and recovered to where it’s currently trading at $15,880. Most altcoins are following suit. The Correction Begins? There’s a saying for traders that goes – ‘what goes up, must come down.’ In other...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s short-term market and its impact on the price The value of the cryptocurrency popularly dubbed “digital silver” received a boost after it climbed from $58 to $66 in a matter of hours. In fact, Litecoin‘s price, for a while, had...Read More
Bitcoin induced euphoria in the market’s traders after recently registering a yearly-high of $16,400. Further down the crypto-ladder, EOS seemed to have exhausted its recent bullish outlook while NEM’s chart exhibited a bearish divergence and was likely to see a pullback. Finally, Compound recorded gains recently, but it was yet to show any sign of...Read More
When the Crypto Twitter community reacts, it does so in a big way. And when the guys from the Bitcoin neighborhood unite, there’s nothing to stop them, especially when it comes to criticizing traditional financial institutions —whether they’re crypto-friendly or not. If this seems hard to believe, ask PayPal, who had to deal with significant...Read More
