Canadian miner Bitfarms deployed 1,000 Whatsminer M31S mining rigs. Additionally, the firm will soon acquire 3,000 Whatsminer M31S+ miners which will arrive in late February next year. The firm said this would amp up computing power and drive the growth of DeFi economy. With the addition of these new miners, Bitfarms’ total operating hashrate will...Read More
The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering. CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field –...Read More
The Italian Banking Association or ABI said that it was collaborating with its ABI Lab to initiate experiments with regard to a digital euro project. The initiative will aim to actively support banks operating in Italy in the process of preparing for the future scenario. ABI said in a statement: The aim of the initiative...Read More
Soon after Ripple CEO Brad Garlinghouse said that SEC was planning to sue the firm over its sale of XRP, Billionaire investor and Galaxy Digital founder Mike Novogratz took to Twitter to speak about the recent developments. On 22 December, Novogratz said that he found it strange that Jay Clayton “waited years” to sue Ripple....Read More
Binance Coin lost some of its recent gains, and despite the bearish strength, bulls have a hope of defending the $30 level. The same could not be said for IOTA as it appeared likely to drop to an imminent level of support. Algorand reversed directions a few days ago and could retrace all the gains...Read More
As Bitcoin’s price rallied above $24000 and hit a new ATH, it garnered most of the institutional and retail attention this week and over the past weekend as well. With all focus on Bitcoin, investment flow into altcoins dried up. With dropping demand, altcoin trader profits bled based on data on top 10 altcoins based...Read More
The last three days for Ethereum have been brutal. After capturing a position above its previous high of $637 for 48 hours, the asset has depreciated strongly and dropped briefly under $600 over the past day. Currently valued at $602, Ethereum faces its previous resistance again at $637 and over the next few days, it...Read More
Craig Wright’s wife Ramona Ang won a legal battle with fintech firm Reliantco that operates crypto exchange UFX. According to court documents, Ramona Ang alleged that she lost bitcoin worth about $3 million after UFX terminated her account on the platform. Ang also claimed that the exchange did not return her funds after it closed...Read More
Cardano had a long-term bullish outlook as it traded above the mid-range after establishing and sweeping key highs and lows. Yet its short-term momentum was bearish, and a retest of the $0.149 support was likely. Monero dropped beneath a level of support and could head as low as $140 before the bulls step in. Basic...Read More
The performance of altcoins like Chainlink has been quite strong with LINK managing to post returns of 530% to its investors in Year-to-date. Unlike other major altcoins, LINK has not been highly correlated with Bitcoin and this somewhat weak correlation has restricted LINK from surging as much as other alts during the Bitcoin rally. However,...Read More
With Bitcoin trading above $22600, at the time of writing, the conversation regarding a Bitcoin ETF has started all over again. After all, there are well-developed Bitcoin ETF, ETP markets in Switzerland, ETNs in Sweden, and Germany’s new ETP now stands at $190 Million. Matt Hougan, CIO at Bitwise was quoted talking about Bitcoin ETFs...Read More
When Bitcoin traders make mortgage payments using a debit card so they can earn cashback in Bitcoin, and call it a cheat code in life, it may be time to check the charts for a price peak. Bitcoin’s price recently crossed $24000 and after hitting a peak, the asset is now trading above $22800 at...Read More
So, which are the altcoins that will help you maximize your returns in the next alt season without actually letting you lose sight of the long-term goal, that is bitcoin? Answering this question will be the goal of this article. Markets, be it stock or crypto are mysterious, to say the least. However, from time...Read More
Chainlink’s network growth has been tremendous this year. With major projects integrating Chainlink Oracles, the decentralized project has become a prominent part of the decentralized finance ecosystem. Recently, it added another feather to its cap with RedFOX Labs, a platform supporting esports and gaming applications, announcing that it will be running its own Chainlink node....Read More
Chainlink and Tezos broke out of a descending channel more than a week ago but were unable to sustain the bullish momentum. Tezos even failed to achieve its breakout target as bears steadily drove prices lower, and had the upper hand at the time of writing. Dogecoin saw a strong surge a few days back...Read More
In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family. 100 BTC for The Son of A Crypto Investor An eight-year-old boy...Read More
Wirex, the prominent payments platform based in London, has received a Visa principal membership in Europe. As per the announcement, the membership will allow Wirex to issue Visa cards, offer new innovative products, and apply for additional licenses. This announcement comes in a bullish market wherein Bitcoin has been registering new highs. This has also...Read More
Polkadot bounced off the $4.8 support to reach $5 but bears still appear to have the upper hand in the short-term. EOS was set to retrace all its recent gains due to heavy selling over the past couple of days. VeChain broke to the downside of an ascending triangle pattern and could post further losses...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 crypto market has been noting gradual drops after a period of consolidation. This was particularly visible in the altcoin market and such was the case for Litecoin’s price action. The coin’s price has...Read More
Huobi Group has found its way back into the United States. The Hong-Kong-based company announced that it acquired a trust license from the Nevada Financial Institutions Division for its wholly-owned subsidiary Huobi Trust Company. As per the filing with the Hong Kong Stock Exchange by Huobi Technology Holding Limited: “The board (the “Board”) of directors...Read More
The previous day’s Bitcoin drop affected the altcoin market significantly. Bitcoin Cash posted losses of nearly 15%, but bulls had some hope, as long as the price remained above $300. Tron was likely to climb a little higher up the charts to test a level of resistance before another move downward. Cosmos was trading at...Read More
Following the impressive list of institutional investors who have put their funds into bitcoin in 2020, it appears that more big names are showing interest in the number one crypto asset, after a global investments firm filed with the U.S. SEC to launch a bitcoin fund for accredited investors. According to an SEC document on...Read More
Ripple’s CEO Brad Garlinghouse announced that the company is being sued by the Securities and Exchange Commission [SEC] and highlighted that this step taken by the SEC was an “attack of crypto”. Unsurprisingly, the SEC’s lawsuit is based on the fact that Ripple is selling unregistered securities and is yet to be announced. A step back...Read More
CoinDCX, India’s largest cryptocurrency exchange, has raised Rs 100 crores ($13.9 million) from investors to complete the exchange’s third round of seed funding for the year 2020. The Series B round was led by Block.one and included investors such as DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures, and Alex Pack. Back...Read More
The company itself is offering little assistance and no reimbursements to the escalating number of victims of its slipshod security. The fallout from the second major data leak from the company that promised to be safer than keeping crypto on exchanges is intensifying. On December 21, a hacker leaked the details of as many as...Read More
