Quick take: Litecoin’s halving in August 2019, was uneventful with LTC’s price failing to meet the expectations of fans and traders. LTC is frequently considered as Bitcoin’s little brother. Some analysts believe that first doing technical analysis on LTC could provide insights into Bitcoin’s future. It is Easter Monday and the King of Crypto followed...Read More
A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset. Bursting Myths: Cryptocurrency Usage Cryptocurrency payment transfers are much more...Read More
Quick take: CEO of Morgan Creek Digital, Mark Yusko, was a recent guest on Thinking Crypto, a Youtube crypto news channel. In the interview, Mr. Yusko discussed the current state of the stock market, COVID19, the genesis of Morgan Creek Capital, CBDCs and more. He further explained that XRP and XLM were too closely held...Read More
Quick take: Social distancing has been highly advised globally and especially during this Easter weekend. Many Easter activities have gone virtual as a result. Bitcoin trade volume usually falls during major holidays and Easter is no exception. $6,600 is a key zone to watch during today’s weekly close. The 2020 Easter weekend will probably be...Read More
Around the Block #5: Downstream Impacts of the Recent Market Crash on Lending, Stablecoins, and DeFi Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, Justin Mart analyzes three industries impacted by the recent market crash. Lending Markets: Behind the Scenes on What Drives Rates The crypto lending markets have seen...Read More
Quick take: The correlation between Tezos (XTZ) and Bitcoin (BTC) is high in the crypto markets. As Bitcoin looks set to revisit previous support zones below $6,900, XTZ has the 200 Daily MA acting as much needed support. The recent announcement of a Tezos token backed by BTC further proves that the future is bright...Read More
Quick take: Top Bitcoin analyst cautions that a Bitcoin bottom is not in. BTC might retest $7,970 in the right environment. However, if the stock market crashes again, BTC will also go down. The Bitcoin halving is approximately one month away and BTC is currently holding the earlier mentioned $7,200 – $7,300 support zone. The...Read More
Quick take: The three major economies of China, France, and South Korea have recently been linked with expressing interest in launching their own Central Bank Digital Currencies. Interest in crypto by private citizens has risen slowly but surely after numerous signs of a global recession. The Coronavirus has highlighted the need to go entirely paperless...Read More
Quick take: XRP’s price briefly tested $0.20 as a result of the crypto market resurgence. If this momentum is maintained, it could reclaim $0.25 and turn it into support based on the 3 Day XRP/USD chart. However, gains exhibited by all cryptocurrencies might still be vulnerable to the global effects of the Coronavirus. The majority...Read More
In brief: Bitcoin has led a resurgence in the crypto market and looks set to erase all losses experienced in mid-March. With BTC currently experiencing sideways movement, Ethereum could experience a second wave up. The Eth 2.0 upgrade of Serenity, is scheduled for July 2020. There is a general sense of optimism in the cryptocurrency...Read More
Key takeaways: In a previous BNB/USDT analysis, Ethereum World News had postulated that the coin would retest $14. Traders and investors had been advised to keep an eye out for any bullish news that might propel BNB further. Coincidentally, the exchange acquired Coinmarketcap soon after. The coin has a short term resistance at $15.50. Will...Read More
Quick take: Poloniex recently launched LaunchBase, its homegrown IEO platform. Tron (TRX) is the sole digital asset approved for investment on LaunchBase. Could TRX experience a run in the markets similar to BNB’s in 2019 when Binance Launchpad was launched? On the 5th of April, the crypto exchange of Poloniex announced that it had a...Read More
On Tuesday, April 7th, the ETH price is growing confidently, trading at 172.20 USD, says Dmitriy Gurkovskiy, author at RoboForex Blog. The situation on the Ethereum market should still be interpreted as correctional growth after a serious decline. Escaping the consolidation Triangle by a strong impulse upwards, the quotations reached 38.2% Fibo and are aiming at...Read More
New data indicates that the number of active Ethereum addresses could accurately predict the future price movements of ETH. Unique addresses have been rising since March, and the price of the token has been continuously surging. Active ETH Addresses Corresponds With The Price? Information provided from the popular monitoring resource, Santiment, suggested that the number...Read More
The crypto community touched yet another milestone a few hours ago. In this latest development, developers at Summa, a blockchain establishment that offers private, self-enforcing, and self-settling cross-chain contracts that are trustless and non-custodial, are said to have open-sourced a cross-chain integral swap between the two largest blockchain ecosystems, Ethereum and Bitcoin. As of this...Read More
In brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again. Its movement is amidst global reports of some countries winning the war against the Coronavirus. With halving only days away, Bitcoin might continue with its upward trajectory. In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’...Read More
In brief: Mid last week, Binance confirmed rumors that it had acquired the popular crypto tracking platform of Coinmarketcap.com. The acquisition elicited mixed reactions from crypto enthusiasts. Some approved the deal while others saw it as a possible hostile takeover compromising Coinmarketcap. However, with this major move, Binance has now normalized the process of acquisitions...Read More
In brief: The team at Tron had been working on a DeFi platform known as Djed. The Mainnet was launched today, April 4th. The DApp has been rebranded to JUST. Decentralized Finance, or simply DeFi, has been one of 2020’s highly anticipated use cases of cryptocurrencies and blockchain. As the name suggests, DeFi plans to...Read More
In brief: Bitcoin exhibited some bullish momentum earlier on in the week. BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support. However, we are back in familiar territory with $6,900 being the level to overcome once again. On April fools day, keen crypto traders...Read More
The most popular U.S.-based cryptocurrency exchange, Coinbase, saw an increase of deposits and buy orders during the panic sell in mid-March. While customers were purchasing various digital assets, Bitcoin was the clear leader with the most buyers during the drop. Coinbase Reviews The March Panic Sell 12-13th of March marked one of the most violent...Read More
In brief: Tron (TRX) and BitTorrent (BTT) community member, pointed out that the Tron network has functioned flawlessly since its launch. For close to two years, the Tron Mainnet has continued to live up to expectations of the community. Its Bug Bounty program is one reason the network continues to thrive. The backbone of any...Read More
In brief: Initially, XRP/USD looked set to lose the $0.16 support zone. The coin has since reclaimed $0.17 and is currently trading at $0.1766. However, one analyst warns this might be a brief rally. In the last 24 hours, the crypto markets have gained $11 Billion in market capitalization. The total market cap now stands...Read More
In brief: The team at Binance has made 3 major announcements in less than 24 hours. Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). Secondly, the team launched a new OTC trading portal. Thirdly, flexible deposits are now available for Litecoin (LTC) and Tron (TRX). The last 24 hours have...Read More
Satoshi Nakamoto, also known as Craig Wright, will appear in an “ask me anything” session! At the same time, there’s a new token in front of Bitcoin on CoinMarketCap. And all of this comes today, April 1st! Let’s take a look at some of the best April 1st (International Fool’s Day) jokes in the cryptocurrency...Read More
The Factom-based stablecoin network PegNet is fast approaching $1 billion in total conversions, which is a significant number that elucidates the rapid adoption the network is currently incurring. PegNet is a unique distributed network that allows users to easily access and utilize a variety of different assets – including fiat, crypto, precious metals, and more...Read More
In brief: The Bitcoin dominance on Coinmarketcap is steady at around 65%. Ethereum’s dominance in the market currently stands at 8.23%. In the past few days, ETH has had a hard time reclaiming the $140 support zone. The ETH/USDT 6-hour chart is exhibiting bearish signs that are further confirmed by a possible death cross on...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, March 31st, the ETH is slightly growing, trading at 132.68 USD. On H4, the correctional phase has acquired the shape of a triangular consolidation. The longer it lasts, the more powerful will be the exit from it. The MACD heading upwards points at the potential breakout...Read More
In brief: Binance Coin was not spared by the crypto market turmoil seen on the 12th and 13th of March. BNB dropped to a level of $6.40 last seen in February of 2019. The prominent alt-coin might reclaim $14 but the general trend is still in a downward trajectory. However, possible news developments at the...Read More
In brief: Bitcoin has so far defied the Death Cross which is evident on the daily chart. The King of Crypto is currently trading at $6,350, reclaiming the important $6,000 support zone. However, the current price movement is reminiscent of 2018 and could fall further as all markets are affected by the Coronavirus. With the...Read More
In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap. Its website states the company has $6.229 Billion in assets. Trading of Bitcoin futures contracts has become more popular as crypto traders...Read More
