Gary Cohn, a former chief economic advisor to President Donal Trump, who was also the ex-president and COO of investment bank Goldman Sachs, said that bitcoin could fail because it had integrity flaws. Cohn Spells Potential Doom for Bitcoin According to Bloomberg on Dec.1, Cohn stated that Bitcoin’s “integrity flaw” could lead to the failure...Read More
IOHK has been working on the token locking functionalities before the Hard Fork Combinator [HFC] event which has been scheduled for the first week of December. The team has been continuing with its Goguen rollout, which has been an important milestone after Shelley. In a recent update, Dimitris Poulopoulos, Goguen Project Manager, and Volodymyr Hulchenko,...Read More
Ethereum rose to $600 once more, and the altcoin market responded positively to ETH’s rise in the past few hours. Binance Coin and Tezos registered gains, however, Tezos lacked trading volume. Basic Attention Token stalled beneath a level of resistance at $0.24, also on low trading volume. Bitcoin was likely to have a strong influence...Read More
While Ethereum exhibited a massive drop below $500 on the 26th of November, a sharp recovery has brought back the asset above $600. While the price is currently hovering under the range, the short-term analysis indicated a rather uncertain trend. Ethereum 1-hour chart Source: ETH/USD on Trading View On 24th November, Ethereum’s value topped at...Read More
Bitcoin rose above $19,000 once more but its recent volatility resulted in weakened bullish momentum for altcoins. At press time the king coin was being traded at $18,523 with a 24-hour trading volume of $71.3 billion. Source: CoinStats Chainlink closed outside an ascending channel and could see $12.6 support revisited in the coming days. Dash...Read More
Cryptocurrency exchanges have been actively adding new projects given the bullish sentiment gripping the market, especially with decentralized finance. Coinbase Pro announced support for new order books for Chainlink [LINK], Uniswap [UNI], Yearn.Finance [YFI], Zcash [ZEC], and Algorand [ALGO]. According to the announcement, the new pairs that will be added to the exchange will be...Read More
Over the past week, the bullish sentiment of the collective crypto market has slowed down. Bears had made their presence felt and Polkadot continued to be aware of this impact. After briefly registering a local top at $6.45 on 24th November, DOT has managed to cross the $6 mark again. Its recent rally pushed the...Read More
Bitcoin is a decentralized p2p asset class that has gained worldwide popularity and has a market cap of $350 billion. But how decentralized is bitcoin? Before we actually get into that, let’s break down the word “decentralized”. Generally, decentralized is something that’s not concentrated and centralized. To bitcoin, the term ‘decentralized’ is mainly attributed due...Read More
Bitcoin Dominance rose to 63.28, and the Crypto Fear and Greed Index showed 92 to denote extreme greed in the market. And how else would it be, with Bitcoin so close to its ATH that 99% or more Bitcoin ever bought, if held without selling, would be in a profit at the time of writing....Read More
The store of value and digital gold narrative has taken markets across spot exchanges by storm. Imagine moving ahead from the store of value narrative, as Bitcoin continues to trade above $18000 and consider the fact that $1000 of Bitcoin purchased a decade ago would be worth approximately $100,000,000 today. When @danheld tweeted about this,...Read More
Cardano’s rise during the bitcoin rally was parabolic but unlike the king coin, it wasn’t sustainable. The retracement pushed ADA down by a whopping 35% and since then, the coin has been consolidating. For now, we can expect ADA to keep continuing its consolidation until it reaches a boiling point. Post which, we can see...Read More
Bitcoin fell after breaching its ATH and this volatility caused many altcoins to drop on the charts. Litecoin had a bullish short to medium-term outlook but appeared to form a bearish reversal pattern on the daily timeframe. Cosmos appeared to be headed toward $5 support once more, and Zcash also sought a level of support...Read More
The Australian cryptocurrency exchange, BTC Markets, has inadvertently exposed more than 270,000 emails of its customers. The company apologized for the inconvenience and reassured that all other data, including users’ funds, is safe. BTC Markets Exposes Customers’ Emails A user going by the Twitter handle Stevosxrp.crypto took it to Jack Dorsey’s social media giant and...Read More
Ripple has been working hard to increase crypto adoption using the digital asset, XRP, and striving to find use cases, beyond just an investment. As scheduled, Ripple received 1 billion XRP from escrow on 1 December, which was paid to it in three installments of 500 million, 400 million, and 100 million. Whale Alert, tracks...Read More
The US-based cryptocurrency lending company BlockFi has partnered with the American multinational financial services corporation Visa to bring Bitcoin to the masses. Bloomberg reported that the two US companies will offer a credit card that rewards clients’ purchases with the primary cryptocurrency, instead of traditional options such as cash and airline miles. Dubbed the Bitcoin...Read More
Decentralized marketplace and e-commerce protocol Syscoin has partnered with the stablecoin platform TrustToken. The goal of the collaboration is to speed up payments and to provide further solutions to Ethereum’s blockchain. It also means that the five stablecoins of TrustToken, namely TUSD, TGBP, THKD, TCAD, and TAUD, will run on Syscoin’s blockchain and be available...Read More
Ethereum’s mining difficulty has noted a significant drop over the past 24-hours, after having reached an all-time high. The Ethereum difficulty decreased to 3,430 terahashes on 2 December. This was a 9.6% fall from its all-time high of 3,794 terahashes, according to data provider, Glassnode. The mining difficulty showed how hard it is to mine...Read More
NYDIG, the cryptocurrency asset management company, has raised $100 million from a single investor. The firm collected the amount during its newly-announced fund Digital Assets Fund II, after the previous fundraising project, named Digital Assets Fund I. $150M In Just Two Crypto Investment Funds According to officially published documents filed with the U.S. Securities and Exchange...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 value of Bitcoin Cash has been noting a sharp downtrend over the past couple of days. Given the drop witnessed in the Bitcoin market, even its hard fork has been following a similar...Read More
In the past 24 hours, Bitcoin has had a high of $19915 and a low of $18,100. This volatility saw some altcoins shed a few percentage points worth in value. Ethereum dipped from $620 and moved beneath the $580 support, although it remains to be seen if that level will be flipped to resistance in...Read More
