Economist Nouriel Roubini has criticized the booming decentralized finance (DeFi) economy by labelling the entire sector as“the new crypto fad” and “junk vaporware.” The American economist took to Twitter on 16 November to root for “great cheap” fintech solutions that he believed will not depend on hyped blockchain technology. He said in a tweet: The...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice For Bitcoin SV, the larger bullish trend in the market did not matter at all. Over the past week, its valuation dropped on the back of BTC’s corrections, with the crypto-asset failing to recoup...Read More
If one were to choose one word to define Bitcoin and its price movement over the past few weeks, it would be Persistence. With the cryptocurrency’s valuation showing no signs of stopping since October, Bitcoin hinted at a price reversal after it dropped down to $15,800 on 14 November. While the crypto’s price was back...Read More
Major Cryptocurrency exchange Binance announced that it would now discontinue its own BGBP stablecoin, which was linked to the pound sterling. Other than removing the BGBP/USDC pair, the exchange said on Monday that it would remove several trading pairs, including AE/ETH, BLZ/BUSD, KMD/BUSD and NULS/ETH. In its announcement, Binance said that BGBP/USDC is the last trading...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Polkadot’s price surge took the industry by storm when it began in early September. Surging up to $6.89 in a matter of days, the crypto-asset locked in a position in the market’s top-5 in...Read More
After recovering from a drop of nearly 3.5% based on data from CoinMarketCap, many believe that there is little resistance to Bitcoin’s price climbing from $16K to a new ATH on the charts. However, while most people are concerned and excited about Bitcoin finally breaching its ATH, what seems to be lost on most is...Read More
The Securities and Exchange Commission of Pakistan (SECP) is reportedly working towards introducing a regulatory framework for cryptocurrencies, according to a new document published this week. The SEC emphasized that this study focused exclusively on non-government or private crypto assets and not on Pakistan’s central bank digital currencies (CBDC). Stating that it welcomed any comments...Read More
Bitcoin’s dominance, alongside Bitcoin‘s own price, was rising steadily and stood at 65.58%, at press time. While some altcoins posted gains alongside Bitcoin, their performances have not generally been bullish. In fact, Cardano was trading within a descending channel and could lose a level of support shortly. Synthetix and Dash seemed strongly bullish as they...Read More
2020’s crypto-market is very different from the one back in 2017. However, while it has changed a lot over the ensuing years, there remain two constants – Bitcoin and Ethereum. In fact, the two cryptocurrencies continue to retain the market’s top two positions. The constant reshuffling of the pack fuels the question – How will...Read More
A self-claimed Chinese cryptocurrency reporter, Colin Wu, who has an exclusive focus on the crypto mining industry, regulation and exchanges in China, took to twitter today to share that Bitcoin miners based in China are finding it difficult to pay their electricity bills. Colin Wu found that the Chinese local governments have been cracking down...Read More
The situation around a possible vaccine for the novel coronavirus COVID-19 continues to develop. Today, Moderna Therapeutics, one of the world’s largest pharmaceutical companies, announced that its preliminary data shows its coronavirus vaccine is more than 94% effective. This sent its stock price higher and major indices, which are all trading in the green following...Read More
While Ethereum was trading above $450 at press time, the ETH-BTC correlation remained tight at around 0.76, based on data from CoinMetrics. In fact, Ethereum’s price has gained by 3.69% over the past week and considering the progress of ETH 2.0’s validator nodes, it may seem obvious that many traders are long on ETH. High...Read More
The state-owned bank, Belarusbank launched the first legal cryptocurrency exchange service in Belarus, through its partnership with White Bird, a local cryptocurrency firm. With this launch, citizens of Belarus and Russia can now buy and sell crypto. However, the bank plans to expand the list of countries whose citizens will be able to exchange cryptocurrencies...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The transition of Ethereum to Ethereum 2.0 is what the ecosystem is concerned about, especially since ETH did react as expected during the DeFi summer. At the time of writing, Ethereum’s price charts were...Read More
The cryptocurrency market is one of constant change. It seems that every day there is something new. 2020 was no different. In fact, this year, we saw the absolute explosion of the decentralized finance (DeFi) industry. Data from DeFi Pulse shows that in January, the total value locked (TVL) in DeFi-based projects was around $700...Read More
The ongoing assault on money laundering in the Chinese telecoms and crypto industry has seen Bitcoin miners facing difficulties in paying electricity bills as banks freeze cards associated with cryptocurrency transactions. Three-quarter of Chinese Bitcoin Miners Can’t Pay for Electricity According to a local news outlet, in a tweet thread on November 16, 2020, Chinese...Read More
ETH/USD – Ethereum Stalled By September High-Day Closing Price Key Support Levels: $445, $439, $430.Key Resistance Levels: $462.50, $475, $490. Etheruem reached as high as $475 last Friday, where it hit the resistance at the September high-day close. From there, it headed lower over the weekend, which was largely due to Bitcoin dropping back beneath...Read More
In a bull market, everything is good. With Bitcoin climbing to new highs every month, no matter which indicator, analysis, data-point you look at, everything will tell you to buy or hold. But, what if the markets weren’t so bullish? At the time of writing, Bitcoin was trading at a level a little over $16,000,...Read More
Paxos, PayPal’s liquidity provider, has seen its trading volume move up quite considerably over the past few weeks after crypto-trading went live on the platform to great acclaim. So for anyone looking to track crypto volumes going through PayPal…given Paxos (ItBit) is their liquidity provider, and the exchange was doing ~$3mln a day before, here’s...Read More
The Crypto Fear and Greed Index was registering a figure of 90 at the time of writing, expressing a sentiment of extreme greed in the market. Litecoin and NEM reflected this bullish sentiment as they formed bullish patterns on their charts and found strong buyer interest behind their price rise. Verge, on the contrary, noted...Read More
Bitcoin is the new gold, said Thomas Fitzpatrick – a Managing Director in the giant multinational bank Citibank. He also predicted that BTC could skyrocket to $318,000 per coin in the upcoming 13 months by exploring several historical price cycles and the ongoing economic uncertainties. Bitcoin Is The Gold Of The 21st Century Fitzpatrick has...Read More
Seems like the entire world is taking notice of Bitcoin and the wider cryptocurrency market. The Central Asian country of Kyrgyzstan is the latest to do so after the National Bank of the Kyrgyz Republic (NKBR) moved to regulate cryptocurrencies, specifically, the activities of entities that provide services for the purchase and sale of cryptocurrencies...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 is probably one of the best exchange tokens out there right now. In fact, its year-on-year growth [from 2018 to 2019] was a whopping 522%. In 2020 alone, BNB has noted YTD...Read More
Tech giant IBM is partnering up with the textile company KAYA&KATO to create a blockchain-based network to track sustainable clothing production. The platform is to bring transparency to the creation process of the product. A Blockchain Network For The Fashion Industry And Eco Production The new partnership between IBM and KAYA&KATO will also be supported...Read More
Hong Kong-based cryptocurrency exchange KuCoin aims to enter the non-fungible token market as its liquidity trading platform Pool-X will open deposits of NFT assets starting November 16th. Pool-X will launch an exchange platform designated for NFT tokens in the upcoming months. KuCoin To Launch An NFT Exchage According to the announcement from earlier today, the...Read More
The United States’ Financial Crimes Enforcement Network released a proposed rule change this October that lowered the threshold for Travel Rule information sharing and retention from $3,000 to $250 for all cross-border payments involving U.S financial institutions. What are the implications of such a rule change? Well, at the very least, as it stands, the...Read More
Bitcoin has overtaken the $16,000 price tag after struggling to remain above it during the weekend. Large-cap altcoins have fallen behind with slight decreases, while the DeFi field sees high volatility once more. Bitcoin Reclaims $16K As reported last Friday, Bitcoin’s impressive performance as of late took the asset towards a fresh yearly high of...Read More
While Bitcoin did dip briefly under $16,000, the sentiment around BTC remained strongly bullish, which is why the buyers were assertive enough to later push the price to $16,117, at press time. Further down the crypto-ladder, Stellar Lumens saw traders take-profit upon a push past the resistance level. Bitcoin Gold was trading within a range...Read More
