With China making significant strides in crypto and blockchain development, the US Intelligence apparatus is reportedly worried about the US falling far behind its current economic rival. From crypto mining to central bank digital currencies (CBDCs), there is a popular narrative that Beijing controls vast swaths of the emerging digital economic landscape. A dismissal of...Read More
PayPal users who use the service for high-frequency crypto trading should be cautious about having their accounts banned. One Redditor reportedly learned this lesson recently with the payment giant placing a 180-day hold on his purse that still has about $462. Apart from the likelihood of users facing account closures for trading crypto on PayPal,...Read More
Bitcoin Dominance hit 62% after a bounce from 61.5% over the past 36 hours. While it is not a perfect metric, altcoins need this number to continue to drop to enjoy further gains. Compound showed a bearish divergence between buying volume and price, while Monero still had bullish momentum on its side. Binance Coin bulls...Read More
The past twelve hours saw the altcoins mirror Bitcoin’s movement. The momentum was bullish for Litecoin and IOTA, but the trading volume would need to pick up to affirm their price movement in either direction in the short-term. Ethereum Classic was likely to flip another level of resistance to support and could post more gains...Read More
Libra Association, the independent member organization, which is overseeing Facebook’s Libra project, has appointed Saumya Bhavsar as General Counsel of Libra Networks, which is a wholly-owned subsidiary of the Association- according to a new update published on 25 November. The Libra Network manages the operations of the licensed Libra payment system. Bhavsar, a former Managing...Read More
A cryptocurrency mining farm has caused a fire to break out in an apartment in St. Petersburg in Russia, which injured a 35-year-old owner of the rig. The press services of the Ministry of Emergencies told local media that the cause of the fire was because the owner did not install a cooling system for...Read More
The bullish sentiment has not yet abated in the altcoin markets as many coins saw a dip in price. The sellers were not yet out in force and XRP and Dash still had the legs for another move upward. XRP Source: XRP/USD on TradingView XRP rose to $0.78 before facing selling pressure (although Coinbase saw...Read More
The entire asset class is tied together. Whenever Bitcoin rises there is a certain inevitability of other altcoins rising along with it. It happened in 2017 and now it is happening in 2020. Over the past 8 weeks, Bitcoin has been on a climb, accelerating through multiple resistance, while other assets like Ethereum have followed...Read More
US Director of National Intelligence John Ratcliffe wrote a letter to US SEC Chairman Jay Clayton earlier this month about concerns pertaining to the Chinese influence over cryptocurrencies. According to a report from the Washington Examiner Ratcliffe even offered to have the senior economic intelligence officials brief Clayton on the matter. For now, the SEC...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Polkadot’s short-term market and its impact on the price Bitcoin’s hard fork, Bitcoin Cash has been surfing through various resistances and has appreciated in value. Currently, the asset’s value reached $336.62. However, the current price is the result of a drop in...Read More
The Crypto Fear and Greed Index rose to 94 as Bitcoin and altcoins posted further gains over the past eight hours. At press time Bitcoin was being traded at 19,237 with a trading volume of $28.1 billion. Source: CoinStats Polkadot could be headed for a move down after a breakout past $5 recently. EOS and...Read More
Yes, you heard it right, bitcoin’s joy ride up to $19,000 was exciting, but we can expect more of that soon. More of it due to the accidental spillage of “Chemical X”. Professor Utonium’s creation had an accidental spillage of Chemical X, likewise, this bitcoin rally has similarities to it and more interesting connections. The...Read More
Nobody can time the market. Not even in Bitcoin markets. But what can be timed is our investments. With Bitcoin’s price rise and fall being one that cannot be adequately predicted, we should focus on what we can control. We can’t control Bitcoin’s price, but we can control when we choose to buy it. We’ve...Read More
The XRP community has been eagerly waiting for the Flare network airdrop scheduled for December. While the network was still awaiting support from major exchanges, Binance today announced its support for the airdrop. According to the announcement by Binance: “Binance will support the Spark (SPARK) Airdrop Program for XRP (XRP) holders. The airdrop snapshot will...Read More
Global cryptocurrency exchange and digital asset management platform Bitrue has moved to strengthen the security of its daily XRP raffles by integrating Chainlink technology. Bitrue Implements Chainlink VRF Chainlink’s Verifiable Randomness Function (VRF) was selected specifically by the Bitrue team to add tamper-resistant transparency to its daily random number lottery, where users can win a...Read More
The cryptocurrency market has been expanding in terms of the value of most digital assets and its overall market capitalization. As investors receive increased returns, the demand for cryptocurrencies has also been increasing throughout the world. Keeping up with this demand, Binance P2P has announced the launch of Express mode. Express mode will allow users...Read More
Founded in 1955, VanEck is among the world’s largest investment management firms. Its European branch, VanEck Europe, announced today the official release of an ETN, physically-backed by Bitcoin. The statement came from the company’s digital asset director – Gabor Gurbacs. He noted that releasing such a service has been a “top priority for VanEck.” The...Read More
Chainlink’s recent surge price may be due to its correlation [90-day] with bitcoin, which stands at 0.6, however, there is more to it. The smaller bits that may have caused this price surge could be its fundamentals which are getting stronger. Chainlink’s oracles are gaining popularity as they were recently integrated by Matic and Base...Read More
The Coinbase Chief Legal Officer Paul Grewal published a post earlier informing customers that the popular exchange will seize offering margin trading. Clients will not be able to place margin trading orders starting from 2 p.m. PT on November 25th, 2020. At the same time, the platform will cancel all open limit orders. The San...Read More
Thus far, the number of issued cryptocurrencies and digital tokens has exceeded 7 thousand, and in this ocean of crypto Projects, it is difficult for investors to recognize promising services at an early stage of development, however, at the same time, investments at this stage maximize the profits. UMI is one of the young projects...Read More
The value of the second-largest digital asset has been peaking at $623 due to an accelerating price since October. Given the hype around the launch of Ethereum 2.0’s Phase 0, the Ethereum community has been thrilled to note the progress towards it. Amid an active market like Ethereum’s, failure of exchange to settle contracts could...Read More
The cryptocurrency market cap stood at $566 billion as Bitcoin and Ethereum saw demand and prices increase. Many large-cap altcoins also performed extremely positively in the past week. Cosmos and Zcash experienced a pullback and were ready to rise toward its resistance once more. Ethereum could lead the altcoin market once more with its remarkable...Read More
In a move adding to the already monumental rally, Bitcoin prices touched $19,400 during late trading on Tuesday, November 24. This is just 3% away from its peak of $20K which came in December almost three years ago. Since then, the asset has retreated sharply in a $700 pullback to the mid-$18K level where it...Read More
