A 49-year old U.S. individual has pleaded guilty to a scheme, defrauding hundreds of investors with millions of dollars via a scheme involving bitcoin and cash. In two and a half years, he managed to fraudulently exchange at least $13 million. Illegally Exchanging Tens of Millions of Dollars A 49-year-old man from L.A. pleaded guilty...Read More
Who would have thought that DOGE would see the hike we witnessed in the past seven days? The joke coin meant to make fun of the crypto economy was trading at $0.04 with a 4.7% hike in the last hour. The surge could be due to Elon Musk shilling DOGE today. Doge — Elon Musk...Read More
Open source DeFi Protocol’s Aave token (AAVE) reached a new all-time high of $520 with a 45.5% surge in price in the past 24 hours. In the last seven days, the DeFi token saw a 76% spike in price. Source: Trading View AAVE, which is the 15th largest coin by market cap, increased to the...Read More
Thanks to the correlation it shares with Bitcoin and Ethereum, most of the altcoin market surged on the charts this week. Monero, Ethereum Classic, and VeChain were among the cryptos to hike, with the general performance of the market fueling more expectations of an altcoin rally. Monero [XMR] Source: XMR/USD on TradingView Monero, the market’s...Read More
Scammers are targeting Discord users on crypto-focused servers, through private messages that appear to come from fake exchanges that are giving away Bitcoin and Ether. A new report from Kaspersky stated that the perpetrators even went to great lengths to make the fake site appear as convincing as possible. The message contains a link that...Read More
Japanese giant SBI Group will include a new addition to its crypto lending service via its subsidiary VC Trade. Apart from the other options, Bitcoin (BTC) and Ethereum (ETH), the organization’s customers will be able to deposit XRP to earn interest as well. Adding XRP to the List of Bitcoin and Ethereum Lending Japanese giant...Read More
With Ethereum trading at a new all-time high, and PayPal enabling crypto payments for its 26 million merchants worldwide, this year has already been marked by significant events to signal crypto adoption. Bobby Ong, Co-founder of crypto data aggregator CoinGecko, recently shared his predictions for 2021. According to him, this will be the year that...Read More
Polkadot broke out past a range it was trading in over the past few weeks and targeted the $23.6 mark. Synthetix dipped to find support at $16.6 and climbed higher, while Uniswap showed a bearish divergence across multiple timeframes after its strong performance since November. Polkadot [DOT] Source: DOT/USDT on TradingView Polkadot was trading within...Read More
To best understand the crypto-space, it is also important to understand the notion of competition that drives it. Like the emergence of “Ethereum Killers” over the past few years, the DeFi space too is seeing protocols and projects going head to head, trying to one-up each other. Uniswap, one of the pioneers of the Automated...Read More
The collective crypto narrative is bullish at the moment. Ethereum registered a new all-time high above $1600 over the past 24-hours, and Bitcoin surged above $38,000 again. While Chainlink attested a high of $26 as well, it registered a floor price of $22.74 within the next 24-hours. While present valuation was solid at the moment,...Read More
Ethereum surged past the $1450 level of resistance that held it back over the past few weeks and looked strongly bullish on the charts. Elrond regained some steam to push onward and climb higher while Dash sought to defend an important level of support from short-term selling pressure. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum...Read More
The crypto market remained bullish for the past few months, which attracted much attention from global investors. Furthermore, Bitcoin price reached its all-time high and surpassed $41,000 earlier this year. One reason that led to increasing Bitcoin price is that many financial institutions and retail investors entered the market and invested significant amount of Bitcoin...Read More
Over the past year, portfolio diversification has been an ardent topic of discussion. The rise of Bitcoin led to various debates about its inclusion in present-day investment holdings. While many traditional analysts are skeptical of a massive allocation for the crypto, some Bitcoin proponents would come across as over-ambitious putting 100% of their capital in...Read More
Bitcoin is trading close to $38000, and the break from the rangebound price level came as a relief earlier this week. On Tuesday, the price hit $37000 and trading beyond $35000 allowed Bitcoin’s price rally to break away from the resistance. As traders gear up to predict the impact of the current price trend on...Read More
In yet another push forward in terms of the overall advent of the cryptocurrency space, LL Cool J is now investing in cryptocurrencies alongside billionaire Paul Tudor Jones. The report comes from Yahoo Finance, revealing that the legendary investor Paul Tudor Jones, as well as James Todd Smith, better known for his stage name, LL Cool J,...Read More
Bitcoin is not volatile when compared to fiat currencies, college education, or even real estate, commented the Executive Chairman of NYDIG, Ross Stevens. During an appearance on MicroStrategy’s Bitcoin Educational Conference, the executive also predicted that his organization could top $25B in BTC under management by the end of the year. Stevens: BTC Is Not...Read More
On the back of Bitcoin and Ethereum’s performances since the 28th of January, the altcoin market has surged. Bitcoin is currently trading at $37,641 with a 24-hour trading volume of $43 billion. Source: CoinStats For the markets altcoins, the surge was not uniform in any way, the likes of Chainlink, Cosmos, and Zcash have all...Read More
Bitcoin broke past the resistance at $35000 and is currently trading close to $38000. This break came with the standard reference and comparison with Gold, however, since GameStop’s nearly unstoppable price rally, #SilverSqueeze was breaking the internet. Following which there was a sizeable surge in interest and trading volume for silver, as traders expected the...Read More
Although Bitcoin’s volatility fluctuates, the altcoin market has been witnessing its individual rally. Cardano [ADA] has been one such altcoin witnessing its price rise almost throughout January 2021. At the time of writing, ADA was being traded at $0.4322, while its market capitalization remained high at $3.64 billion, as per CoinMarketCap’s list. Cardano 1-day chart...Read More
In a Q4 2020 investor update, PayPal revealed that it recorded fourth-quarter and fiscal year financial results that were far beyond its expectations. The company noted that it was its strongest fiscal year, with high payment volume and new accounts further strengthening its scale. PayPal recorded a massive surge in the number of active accounts...Read More
With over $32 billion of total value now locked into DeFi protocols, it is a well-established fact that 2020 has been the year of DeFi and this trajectory is only expected to continue into 2021. Maker accounts for 18% of this TVL and still remains the most actively developed DeFi protocol. However, those numbers are...Read More
Last week, we explained how our strengthened index protection controls can give BitMEX users an edge versus those who trade on exchanges with less sophisticated safeguards. Here’s a real-world benefit of one of those safeguards – the Index Protection Parameter – kicking in during trading for .BXRP and .BXRPXBT indices on Monday, 1 February. A...Read More
Crypto-exchanges faced technical issues once again today, as system traffic reached all-time highs. CZ, CEO of Binance, took to Twitter to address connectivity issues on the platform, stating that all funds are SAFU. Binance also faced up to two-minute delays for account/trade data when queried from the API. All time high on system traffic again....Read More
Dogecoin has been called “people’s crypto” by the “former CEO” of the project, Elon Musk. Tesla’s CEO, Musk was waiting for the launch of Falcon 9, after which he had a glance at his newly found interest in cryptocurrencies. Despite favoring and supporting Bitcoin in front of the community, DOGE has been Musk’s first introduction...Read More
It’s been a good few days for the market’s leading cryptocurrencies. Not only did Bitcoin, the world’s largest cryptocurrency, break out of its previous rangebound pattern, but Ethereum too has been registering new ATHs on the price charts. BTC and ETH’s performances had a ripple effect on the larger altcoin market, with cryptos like Binance...Read More
Over the past two decades, the world of gambling has witnessed massive changes; what used to be an occasional trip to the casino has now become a comprehensive online experience, with players quenching their thirst for gambling from the comfort of their own homes. According to reports from Grand View Research, the global online gambling...Read More
XRP has been alleged to be a security by the United States’ Securities and Exchange Commission [SEC] and this news has had a major impact on its standing in the US market. However, one of Ripple’s largest partners in Asia, the SBI Group, and its subsidiaries have continued to back the digital asset. To strengthen...Read More
