The altcoin market was stuck in a consolidation phase, however, at the time of writing the market has shown an increase in volatility. With Ethereum’s price shooting above $500, most altcoins mirrored its momentum and was trying to move higher on the price ladder. Chainlink had become the fifth-largest cryptocurrency, according to CoinMarketCap, and was...Read More
Ignoring all known rules of gravity, Bitcoin has taken for the skies, and it shows absolutely no signs of slowing down. This week the cryptocurrency is up by another 14% and is currently trading just about 6% below its all-time high of around $20,000 reached in December 2017. The week started off fairly calmly, and...Read More
While many altcoins saw their price appreciate dramatically in the past week, the surge has not been uniform across the market’s altcoins. Popular altcoins like XRP, Cosmos, and VeChain saw short-term spikes in their trading price, but have been confined to mostly sideways movement in the past few days. XRP Source: XRP/USD, TradingView XRP price...Read More
There has been a lot of discussion around regulation in the crypto space, and perhaps more so now than ever before. This has also led to countries around the world beginning to better understand and regulate this emerging industry of digital assets. Switzerland, in particular, has implemented the Swiss Rule which states that financial institutions...Read More
Bitcoin’s price crossed the critical $18000 level recently and the weekly gain now stands at 11.44%. However, Bitcoin’s dominance is still at 66%. Since the price crossed $17000 without further resistance, the top 10 altcoins based on market capitalization have rallied. The weekly returns show gains in 9/10. Litecoin is leading the rally with 30%...Read More
The past week saw Bitcoin scale new heights with the coin going past its $18K resistance in a bid to recreate the historic 2017 rally. At press time Bitcoin was being traded at $18,242 with a trading volume of $23.1 billion. Source: CoinStats On the back of the Bitcoin bull run, many altcoins have noted...Read More
The founder of OKEx group, Mingxing Xu was rumored to have been investigated by the Chinese authorities, however, the exchange had not confirmed this news. Today, Xu posted on private social media feed a letter from the Hangzhou police in China expressing gratitude. Colin Wu posted the pictures underneath and noted that it was a...Read More
“You are only as good as your last race”, the famous line is also quite applicable to the crypto-verse. After its stunning rise during mid-year, DeFi tokens have somewhat lost their shine due to a series of misfortunes over the past few weeks. Certain projects underwent massive depreciation and others exhibited rug-pulls, to the joy...Read More
Earlier this month, SNX witnessed its largest drop and lowest TVL to date at $420 million as the DeFi crash led to several SNX stakers being liquidated. Source: DeFi Pulse However, since then, the TVL has risen to $800 million at the time of writing, and the price of the SNX token has risen by...Read More
Bitcoin has continued its price rally to $18100 after crossing key resistance levels and this puts the year-to-date ROI of Bitcoin over 135% against the dollar. Six months post the halving of May 2020, the price is up 88%. As Bitcoin continues to rally, institutional investors and on-chain analysts are eyeing the all-time high price...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Ethereum’s short-term market and its impact on the price The altcoin market has entered a consolidation phase after marching side by side with Bitcoin. Ethereum, the second-largest cryptocurrency has also been following a similar path as the price of the digital...Read More
The United States Securities and Exchange Commission [SEC] has been coming down hard on crypto exchanges when it comes to compliance. BitMEX is still trying to deal with a double lawsuit by the US prosecutors. However, SEC has now approved Grayscale’s Ethereum Trust [ETHE] as the first public quoted ETH investment product in the United...Read More
The price of Ethereum has surged past its resistance close to $500 and was currently valued at $505.37. This not only marked an annual high for ETH but also was a price level unseen since July 2018. Source: ETH/USD on TradingView This run-up in the market could be contributed by the news of the United...Read More
Crypto derivatives exchange, FTX has added nine more tokenized stocks, available for spot and futures trading to the exchange. The newly added tokenized stock listings on FTX are Square, PayPal, MicroStrategy, Moderna, Zoom, Nio, Twitter, Uber, and NVIDIA. Users will also be able to get the actual shares transferred to them when applied for, as confirmed...Read More
Scams within the cryptocurrency industry come in different shapes and forms, including impersonating legitimate applications downloadable from trusted establishments. A popular digital asset commentator recently warned the community about such a scam using the Uniswap name, resulting in the loss of $20,000. $20K Lost In A Uniswap-Impersonating Scam Uniswap is a sort of decentralized exchange...Read More
Bitcoin has managed to turn many into ‘crypto-believers’ in 2020. As the year turned into a series of unbelievable events, the Bitcoin price has affirmed that the king coin is here to stay. But Bitcoin had already reached $18k or rather close to $20k in the past, so why is this surge so important? “…this...Read More
Speaking on a Reddit Ask Me Anything (AMA) session on November 17, Vitalik Buterin and a number of Ethereum Foundation members commented on the future of the network and the highly anticipated launch of ETH 2.0. More Delays Likely When questioned about a complete timeline for sharding and the consensus migration, Buterin explained that scaling...Read More
