Although history is not a precise indicator for future price developments, a popular cryptocurrency analyst made a compelling forecast showing that if Bitcoin repeats its 2016-2017 bull run with the same percentage increases, it will end up at $430,000 in 2021. Bitcoin At $430,000? The primary cryptocurrency has built a reputation for beating unfavorable odds...Read More
Ethereum prices hit a two-year peak of $410 on Sunday. Ethereum has been sitting in a range bound channel around $230 for three months, but in late July, it finally broke out to surge 70% in less than two weeks. Sunday’s intraday high put ETH prices back at their highest since August 2018, a couple...Read More
Following the wild weekend ride in the cryptocurrency market, the situation appears less volatile now, at least among most large-cap assets. Bitcoin has returned to $11,200, while Ethereum hovers above $380. Some lower-cap altcoins, however, are displaying high fluctuations again. A Breath Of Stability For Bitcoin The weekend was nothing short than volatile for the...Read More
The last 24 hours have been nothing but volatile when it comes to Bitcoin’s price. The cryptocurrency went on a rollercoaster, surging above $12,000, dropping to $10,490, going back up and back down. In short – it’s been a wild few hours. Most interestingly, however, a user’s algorithm “went ballistic,” according to Changpeng Zhao, seemingly...Read More
The cryptocurrency market went through a Sunday morning roller-coster with some intense moves charted. Bitcoin marked a new yearly high of above $12,000 before tanking in a matter of minutes to $10,490 (on Binance). Similar developments followed most altcoins, but the market appears to have calmed now. Bitcoin’s New 2020 Top And Drop August doesn’t...Read More
The Ethereum Classic (ETC) blockchain was subject to some rearrangement on August 1, as 3,693 of its blocks were “reorged” in what was first thought to be a 51% attack. The reorganization caused a chain split, which saw one miner process all the blocks over a period of 12 hours. Upon further investigation, the reorganization...Read More
The veteran US-based cryptocurrency exchange Coinbase is looking into adding 19 new digital assets onto its platform. Interestingly, the majority of the coins are representatives of the ongoing DeFi trend. Coinbase Considers 19 New Coins The largest digital asset exchange based in the US announced yesterday that it’s currently evaluating 19 new additions to its...Read More
Bitcoin shows no signs of slowing down. After painting a fresh high for 2020, the cryptocurrency continued to push, reaching $11,745 on Binance. In any case, BTC is not the only cryptocurrency that’s ripping this week. Ethereum (ETH) is also making tides on its own. Bitcoin’s Highest Monthly Close Since Dec 2017 There’s currently no...Read More
Central bank digital currency (CBDC) fever appears to be heating up across the APAC region as The Philippines announces plans to study the possibility of issuing its own sovereign virtual “coin.” Committee to Study Modalities for Possible CBDC Issuance According to a report by Bloomberg on Wednesday (July 29, 2020), the Bangko Sentral ng Pilipinas...Read More
Green is the predominant color in the cryptocurrency markets, with some massive gains across the leading cryptos. Bitcoin marked a new yearly high of above $11,700, while Ethereum exceeded above the $350 level. Bitcoin Rejoice At A New Yearly High Bitcoin’s first days in July were rather dull as it traded sideways in a tight...Read More
Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed. A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak of the bubble. After two...Read More
A collaboration between the famous actor William Shatner and the DLT project WAX has sold 125,000 blockchain-based non-fungible token cards containing digital photographs of the actor’s memorabilia in less than ten minutes. William Shatner Sells Blockchain-based NFTs Born in 1931, Shatners has been an active actor for nearly 70 years. The Canadian entertainer, who is...Read More
This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll. In seven short days, Bitcoin went from around $9,600 to $11,400,...Read More
President Vladimir Putin of Russia has signed a new law that will prohibit the use of cryptocurrency as a payment means in the country by 2021. Meanwhile, the Russian government recently deployed blockchain technology for its constitutional amendment. Crypto as Payment to Become Illegal in 2021 According to a report by local news outlet RIA...Read More
The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC. Bitcoin Hodler Net Position Change Remains Positive Data from...Read More
After the infamous Twitter hack in mid-July, the social media giant has published a new update on its investigation, informing that the perpetrators successfully targeted a small number of employees through a phone spear-phishing attack. Phishing Attack Caused The Twitter Hack Following the blatant attack on its network, Twitter has been quite transparent in its...Read More
China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC. Bitcoin Is Not A Currency, But A ‘Virtual Commodity’ Today local non-profit arbitration organization, the...Read More
Bitcoin has remained calm in the past 24 hours, with minor gains towards $11,100. Unlike the primary currency, the altcoin market has seen impressive gains, including yesterday’s birthday project – Ethereum and Chainlink. Although the US economy suffered its worst quarter since the Second World War in terms of GDP results, Wall Street is breaking...Read More
On its 5th anniversary, Ethereum (ETH) is presenting its holders with a solid gift. Just moments ago, the cryptocurrency surged by more than 5%, thus marking a fresh high for the past year. ETH Gains 45% in 10 Days The second-largest cryptocurrency by means of market capitalization surge over 5% less than an hour ago....Read More
Ampleforth (AMPL), is one of the cryptocurrencies that lost the most over the past three days. It plunged by over 75% to reach a low at around $0.65 on some exchanges, putting holders in negative rebase territory. AMPL Plunges 75% in 3 Days Ampleforth is undoubtedly one of the most discussed and trending projects in...Read More
Ethereum has not only surged to its highest price for over a year, it has tapped milestone highs in other on-chain metrics as well. Today is the network’s 5th anniversary. Hash Rates at 20-Month High ETH 1.0 is still proof of work, which means there are still miners seeking profits by producing more blocks. Mining...Read More
The launch of the updated Augur v2 betting platform has attracted massive interest from investors. Recent data indicated that the number of active addresses has skyrocketed on the day after the v2 release. Augur V2 Is Live The veteran decentralized betting platform allowing customers to place bets on various cryptocurrency-related outcomes Augur launched the second...Read More
The popular blockchain project designed for value transfers Elrond has announced that its mainnet is now live. The company also informed that Elrond’s economic model will transform by introducing deflation for its native cryptocurrency. Elrond Mainnet Goes Live According to a press release shared with CryptoPotato, the first application to launch on the Elrond blockchain...Read More
After perpetuating one of the largest fraudulent projects in the crypto industry, the core team behind the popular PlusToken crypto scam has finally been arrested by the Chinese police, a Thursday report revealed. 27 PlusToken Key Members Arrested Although earlier reports suggest that some of the PlusToken officials were caught months ago, today’s report notes...Read More
Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors. Bitcoin’s Store Of Value Functions Launched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services...Read More
Bitcoin attempted another bullish movement yesterday, but it got rejected when it approached the next resistance line. The majority of the altcoin market is retracing slightly today, following a few days of gains. The S&P 500, Dow Jones, and Nasdaq marked increases yesterday, following an announcement from the Fed pledging to keep the interest rates...Read More
It is 2020, but for some reason, it feels like 2017 again. Why? It’s the YFI (no, not WiFi). Yearn Finance’s YFI token doesn’t seem to slow down. At all. The ‘absolutely no-value’ token has actually achieved a $4000 valuation and has become the second-highly priced crypto asset after Bitcoin. YFI Becomes the Second Highest...Read More
Yesterday, Coinbase announced that it was expanding its Learn platform with the addition of Kyber Network tokens. The incentive allows exchange customers to watch videos in exchange for a small handful of the KNC tokens worth a couple of dollars. Starting today, Coinbase customers can start earning Kyber (KNC) by watching lessons and completing quizzes...Read More
Bitcoin scams by impersonations are emerging globally, and the latest example coming from the Philippines has pushed the nation’s Finance Secretary to sought the help of the US Department of Justice (DOJ). He claimed his name was used to promote a series of ongoing cryptocurrency scams. The Philippines’ Finance Secretary Involved In a BTC Scam...Read More
Messari crypto researcher, Ryan Watkins, has recently delved into the market values of the decentralized finance sector, comparing it to some of the other players in the crypto industry. He concluded that DeFi is still a minnow despite its massive growth in popularity this year. The entirety of what we call DeFi is worth less...Read More
