Regardless of its volatility, and the criticism from prominent regulators, Bitcoin has garnered attention from the likes of Elon Musk and other mainstream influencers in the past few weeks. In the words of Marshall Hayner, CEO of Metal Pay, Bitcoin is on its “fourth wave” of adoption. The chief exec believed that the asset reached...Read More
Under the leadership of CEO Michael Saylor, MicroStrategy, which is a leading Bitcoin investor has been lauded for driving mainstream BTC adoption. It appears that the firm has been navigating Bitcoin markets using its own strategies. Almost every time Bitcoin dipped in price, the firm took advantage of market conditions and increased the value of...Read More
The price of Ether is still climbing. On 4 February, the world’s second-largest crypto asset by market cap breached another all-time high. Ether was trading well above $1,600 range, priced at $1,614.16 at press time, across all major crypto exchanges. In the past 24 hours, Ethereum hiked by 5%. Source: Trading View The phased upgrade...Read More
Months before the commencement of the bull run in December 2020, DeFi was receiving all the attention in the summer. Decentralized applications were building a new financial system on Ethereum, and the demand for block space on ETH was rapidly increasing. Soon, yield farming became a common term and the popularity of DeFi triggered further...Read More
Over the past couple of months, there has been a lot of discussion around how the Bitcoin rally is currently being driven by whale traders and institutions. The inclusion of long-term hodlers also comes into the picture, but from the perspective of long-term growth, widespread adoption remains vital. Amidst the current rally, keeping track of...Read More
The much-anticipated Mary hard fork will take place today on the Cardano testnet at 20:20:16 UTC, according to an announcement made by IOHK a few hours ago. Via the said announcement, IOHK also confirmed that the Goguen native token upgrade will take place at the next testnet epoch rollover, transforming Cardano into a multi-asset network....Read More
Litecoin steered clear of its 200-SMA, with a broader market rally likely to push the crypto’s price north of its $154.7-resistance level. NEO could move within a fixed channel over the next few sessions, especially since the trading volumes were subdued across the market. Finally, UNI’s consolidation phase could last for a few more sessions...Read More
DeFi’s market cap hit an all-time high in excess of $40 billion earlier today, with TVL in DeFi protocols touching $30 billion. Despite the $40 billion dollar market cap, however, many argue that it is still relatively early days for the DeFi space. The same was recently highlighted by the DeFi Alliance’s Qiao Wang. Kinda...Read More
Tron was trading within an ascending triangle at the time of writing, but the indicators did not favor a breakout over the next few trading sessions. Aave flashed bullish signals and looked to snap newer highs on the charts while COMP was projected to rise above record levels after a bullish divergence formed on the...Read More
MicroStrategy has been buying consistently throughout Bitcoin’s journey to $40,000 and beyond. What’s different this time, however, is that as of 31 January, cumulative treasury holdings captured a total of 5.85 percent of Bitcoin’s supply. So, how will this influence the current market cycle and the next? Source: Ecoinometrics Before adding Bitcoin to its balance...Read More
If we entertain entities like Robinhood, Coinbase, and SushiSwap in the same bracket, it would hardly make sense to an average listener. After all, these are independent organizations running on their own accord. However, the concept of ripple effect is sound, and currently, something similar might be unraveling in the financial industry. Let us start...Read More
The brokerage arm of the South Korean business conglomerate Hanwha Group is reportedly set to acquire a 6.15% stake in Dunamu – the operator of the popular cryptocurrency exchange UPbit. The deal will take place on February 22nd, 2021. According to the KoreaHerald coverage, Hanwha Investment and Securities has agreed to buy 2.06 million shares...Read More
Despite many of the market’s altcoins registering gains on the price charts, cryptos such as Tezos, Ontology, and Verge exhibited some bearishness, at the time of writing. XTZ could shift towards the selling side if the price moves below the 20-SMA (light red). ONT presented the possibility of a southbound breakout, but the bulls could...Read More
Ethereum’s price tested its resistance level for a few weeks, before hitting a new all-time high of $1,540 on the charts, based on data from Santiment. In fact, at the time of writing, on-chain and technical analysis pointed to a short-term top ahead of the CME Futures listing. Another positive sign observed on the charts...Read More
The world’s leading payment processor, Visa, has announced a partnership with First Boulevard – a digital neobank that is focused on building generational wealth for the Black Community. The aim of this collaboration is to pilot Visa’s new suite of cryptocurrency API’s that will enable the company’s customers to purchase, custody, and to trade digital...Read More
Months after suffering one of the worst hacks in crypto history, the popular exchange KuCoin has announced it had successfully recovered all stolen funds. The company’s CEO reassured that no customer has sustained any financial loss following the event. KuCoin Recovers Stolen Funds As reported back in September 2020, a group of unknown attackers exploited...Read More
Ethereum [ETH], the second-largest cryptocurrency by market cap, hit a new all-time high earlier today, with the crypto valued at $1,571, at the time of writing. That wasn’t the only notable development in the crypto’s ecosystem, however, since amidst the rising demand for the digital asset, Grayscale revealed that it had added $38 million worth...Read More
Chainlink has been the center of attention lately, with the protocol in the news following a host of recent integrations and collaborations. It is in the news again after an official announcement revealed that Chainlink has officially joined UNESCO’s Global Education Coalition. According to the said announcement, the aim of this partnership is to “increase...Read More
With market leaders Bitcoin and Ethereum rising by 7.6% and 11.9%, respectively, at the time of writing, altcoins such as Bitcoin Cash, NEM, and DASH rode the bullish wave and recorded gains on the charts. However, BCH and NEM formed bearish divergences and were predicted to fall in the short-term, barring a further rally in...Read More
[Featured Content] Cloud services have emerged as a much-needed solution by companies and individuals around the world. Long gone are the days when we needed to equip an entire building with computers just to satisfy the needs of our enterprise. Now, cloud services are on the rise. They are the backbone of the wave of...Read More
The world’s first ETP tracking the performance of Polkadot will see the light of day on February 4th, 2021, courtesy of 21Shares AG. The firm will release the product on the regulated Swiss stock exchange and will be fully backed by DOT tokens. 21Shares is a Zug, Switzerland-based company with nearly $500 million in assets...Read More
South Africa is the latest country to come down on cryptocurrency investors, with the South African Revenue Service (SARS) sending audit requests to taxpayers, requesting them to disclose cryptocurrency trades and purchases. The audit request contains questions relating to the purpose for which the taxpayers purchased cryptocurrencies, with SARS also requesting a letter from the...Read More
In retrospect, it was inevitable. As the surge in interest in Dogecoin continues, we are launching a DOGEUSDT perpetual swap contract with up to 20x leverage this Friday. The BitMEX platform offers top-tier liquidity, security, and platform performance to traders. Recent enhancements to our platform rules will result in an even better DOGEUSDT trading experience....Read More
The billionaire investor, Shark Tank personality, and Dallas Mavericks NBA team owner, Mark Cuban; took a few hours to share his knowledge in an AMA with members of the r/WallStreetBets subreddit. He touched on several topics, mostly relating to the collapse of the stock pumping movement and the blockchain industry’s potential. Mark Cuban may have...Read More
