The general sentiment among the traditional financial markets is at extremely high levels of greed, according to the Fear and Greed Index. At the same time, the chart suggests mostly fearful feelings among the cryptocurrency market, but could those emotions be an indicator of a trend reversal? Greed Sentiment In The Stock Market The Fear...Read More
Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019. Bitcoin Hashrate. Source: Blockchain.com Hash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a...Read More
Uzbekistan appears to be changing its stance towards cryptocurrency adoption as the President has made it illegal to purchase any, while citizens can actually sell them. Interestingly enough, this comes only a year after cryptocurrency usage was legalized. Uzbekistan Bans Cryptocurrencies According to a local report, the former Soviet republic is set to place a...Read More
YouTube, the Google-owned social media mogul, claimed to be restricting and even deleting cryptocurrency-related videos and channels. Several crypto influencers had reported over the past few hours on the removal of videos and even complete channels. Such is the case with veteran crypto investor and influencer Chris Dunn, operating one of the most popular channels...Read More
Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has recently appointed a new CEO as Kelly Loeffler stepped down. The former CPO of the company, Mike Blandina, will take her role, and, at the same time, the former COO, Adam White, will serve as President. New CEO and President of Bakkt Bakkt...Read More
NULS Blockchain platform has become the latest victim on the success list of crypto hackers after a security breach leading to the theft of about $480,000 worth of NULS token. According to an official announcement about the situation on Twitter, NULS said that the hackers compromised the account of the NULS team, and a total...Read More
After a few days of trading sideways, Bitcoin’s price appears to be headed north. It was trading at around $7,100, and it surged to over $7,650 on Bitstamp before retracing slightly to the current level of approximately $7,500. Bitcoin marks a 4.6% increase at the moment. The interesting thing is that BTC’s dominance is also...Read More
The cryptocurrency community is usually divided into three major camps when it comes down to potential ways to earn money. The first is inhabited by traders, believing that the best way to make profits is to take advantage of the volatility in the market by trading. The second comes in the form of long-term investors,...Read More
Indian banks may start turning down potential customers, because of their religion, as per a recent report. Furthermore, protesters in Hong Kong are boycotting one of the largest banks in the country, HSBC, due to the latest alleged political arrests. Naturally, among economic and financial turmoil of the kind, it’s hard not to bring Bitcoin’s...Read More
While the majority of the cryptocurrency exchanges are trying to fit within certain regulatory frameworks to expand their compliance, Poloniex is making a turn in the opposite direction. The exchange has now enabled an option that allows users to register a level one account without any KYC (Know Your Customer) requirements. Poloniex Enables No KYC...Read More
Binance continued its growth this year by completing a strategic investment in the cryptocurrency derivatives exchange FTX. By working together and delivering mutually beneficial products, the community wonders if both companies can actually be disrupting the dominance established by other exchanges on the futures market. Binance Invests In FTX The largest cryptocurrency exchange by volume,...Read More
The cryptocurrency market has been around for more than 10 years. For this relatively short period of time, it has managed to establish a serious community of people who not only work with but trade with digital assets. Naturally, there has been a lot of speculation about whether or not trading Bitcoin is the right...Read More
December is almost over, and it’s safe to say that it has been action-packed. Over the past week, Bitcoin’s price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in. Looking at the bigger...Read More
After going through another volatility earlier this week, which pushed its value down to as low as $6450 on major exchanges, Bitcoin has made a quick recovery above $7,000 and is currently trading at $7,200, indicating a 1.12% gains on the daily chart. Meanwhile, Bitcoin’s dominance continues to increase and it stands at 68.3%. This...Read More
Ripple, the company behind one of the world’s largest cryptocurrencies by means of total market capitalization, has received $200 million as a Series C funding. The money will go towards improving the XRP Ledger and to push the utility of XRP, in general. Ripple Seals $200M Investment Deal According to an official announcement, Ripple has...Read More
The continuous protests in Hong Kong have taken another turn as of late, as the police have frozen $9 million from a foundation working with the protesters. The money was allegedly being used for money laundering, but the opposition is declining the accusations, and legal authorities are questioning if there is political involvement. Hong Kong...Read More
The cryptocurrency market went through a turbulent week, as the price of all major digital assets went on a rollercoaster. One thing, however, is making an impression and it’s the fact that Bitcoin is once again claiming the majority of the market share as its dominance spikes up notably. Bitcoin Dominance At 68.3% BTC dominance...Read More
The saga with one of the largest alleged scam projects in the cryptocurrency world continues. PlusToken’s officials were arrested several months ago, but a recent report shows that over $100 million worth of Ethereum was transferred from a company wallet to an unknown one. $100 In ETH Transferred From PlusToken The popular cryptocurrency monitoring resource,...Read More
Bitcoin and most altcoins have marked a few consecutive days of negative price action. In a recent poll regarding Bitcoins’s potential bottom, over 70% of voters said that it would be below $6,000. Additionally, the Fear and Greed Index is dropping daily, further confirming the negative sentiment among the community. Where Will Bitcoin Bottom? One...Read More
With the Genesis hard fork on the Bitcoin Satoshi’s Vision (BSV) network scheduled to take place on February 4, 2020, California-based cryptocurrency management company, BitGo has announced that its BSV wallets will not be able to receive BSV transactions after the update due to compatibility issues. What Changes Will Bitcoin SV’s Genesis Bring? The Genesis...Read More
The popular U.S.-based cryptocurrency exchange, Kraken, has been reportedly served with a lawsuit against it from a former employee. The case is brought by a whistleblower accusing the company of harassment, discrimination, wrongful termination, and even lack of paying rent. Kraken Sued By A Former Employee Kraken’s former employee, Nathan Runyon, has filed a lawsuit...Read More
With the long-awaited Istanbul hard fork now live on the Ethereum blockchain, the network will undergo an emergency hard fork in two weeks to resolve an old issue that seems to be pressurizing the entire ecosystem. The Istanbul update aims to solve issues like rebalancing gas costs, more privacy, and interoperability with cryptocurrencies like Zcash....Read More
One of the largest American financial services corporations, Fidelity, is preparing to enter the European market with a product orientated towards digital assets. The branch called Fidelity Digital Assets is already operating in the U.S. since last year, delivering cryptocurrencies to institutional investors. Fidelity Digital Assets Enters Europe Last year, Fidelity Investments Inc, launched a...Read More
Tezos dropped by almost 8% over the past 5 days, bringing the price down to the $1.64 level. The cryptocurrency remains strong against BTC as it attempts to break the 0.00025 resistance. Tezos remains the strongest performing major altcoin over the past month and it got listed on Bittrex. Key Support & Resistance Levels XTZ/USD...Read More
Cryptocurrency companies and services based in the EU have less than a month to adjust their business operations to comply with a new set of rules. As of January 10th, The Fifth Anti-Money Laundering Directive (5AMLD) will be in effect, requiring KYC, and monitoring all transactions. 5AMLD In Action From January Regulators across the world...Read More
The cryptocurrency market doesn’t appear to be in the best of shape. Most cryptocurrencies are losing large chunks of value in the last 24 hours, and the total market capitalization has dropped with $6 billion in a few days to the current level of $187 B. The second-largest cryptocurrency, Ethereum, is among the worst-performing altcoins....Read More
Another case of SIM swapping has reportedly been recorded in the U.S., as a 23-year-old has attempted to steal cryptocurrencies. This type of fraud appears to be growing as a significant issue worldwide, especially within the community with many previous similar cases. SIM Swapping To Steal Cryptocurrencies A young man from Pennsylvania has been implicated...Read More
BitFinex Bitcoin’s open long positions keep increasing rapidly and had recently set a new all-time high record on the popular cryptocurrency exchange. In the last two weeks, the total number has surged to over 43,000 BTC, bringing up the discussion within the community if this very odd behavior might end up in a cruel long...Read More
According to a recent report, the largest U.S.-based cryptocurrency exchange Coinbase has become the largest validator for Tezos (XTZ). It brings the question of whether or not validation from exchanges is set to become the next trend in the cryptocurrency world. Coinbase Leads In Tezos Validating The attention Tezos (XTZ) is getting lately doesn’t come...Read More
It’s been a wild couple of years when it comes to Bitcoin’s price. There’s no denying that. Interestingly enough, though, December seems to be an essential month for Bitcoin. Back in December 2017, the cryptocurrency hit its all-time high of around $20,000. Precisely on this day a year ago, in December 2018, the market had...Read More
