In less than two weeks, Ledger has suffered a data breach and has a new vulnerability. The latter is a bug that allows the hacker to spend Bitcoins while the user spends altcoins. The vulnerability was exposed by Liquality developer Mohammed Nokhbeh who stated that the Ledger, “…presents misleading transaction confirmation requests indicating the selected...Read More
The struggle with $9,000 and even the $10,000 levels were taxing on bitcoin but the journey ahead might not be the same. The bull run of 2016-17 blew past the ATH of 2013 bull run. Hence, we can assume that $20,000 will not be a huge level of resistance. As for the important level, the...Read More
‘Bitcoin’ and ‘Ponzi schemes,’ at one point were used interchangeably. When the cryptocurrency first started making waves early in the previous decade, all everyone could talk about was the price. Only a few years after Bitcoin was more than just a ‘pet project’ in a small cypherpunk circle, it skyrocketed to $1,000, giving its early...Read More
With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4.1 million worth positions to be liquidated. As much as Bitcoiners might hate to admit it, this bull run seems to have...Read More
In addition to Binance going haywire, other exchanges also faced a few abnormal incidents with today’s bitcoin drop. FTX users were among those exchanges that experienced slippage and ADLs. On FTX, users were unable to put up trades or modify existing orders with some experiencing untriggered stops and unnecessary ADLs. The drop that took a...Read More
The cryptocurrency exchanges have witnessed stagnant spot trading while an active derivatives market is booming. Despite being a part of a brief crypto winter, the derivatives market indicated that many users were in it for the long haul and were holding large sums of Bitcoin and other major cryptos. In the second quarter of 2020, the market-wide...Read More
Even though the second quarter of 2020 did not manage to register tremendous growth due to the consolidation in the spot market, the derivatives market kept the pace up for the crypto assets. The spot exchanges accounted for only 11% of the transactions in the industry, whereas the crypto derivatives exchanges accounted for almost 50%....Read More
The restricted performance of the crypto market in the second quarter of 2020, did not come as a surprise to its users. The consolidation phase in June was the main reason for this blow followed by the user sentiment. However, prominent exchanges believed that the upcoming quarter and the second half of 2020 could provide...Read More
Bitcoin’s breakout over $10,000 and then $11,000 hours later caught everybody by surprise, none more so than the ‘smart money’ investors. While the cryptocurrency’s market is gradually shifting towards the institutional class, with Bitcoin seen as an ‘investment’ rather than a ‘currency’ the shift is not as seamless as expected. Since May, the cryptocurrency was...Read More
Ethereum’s transition to Proof-of-Stake has been a widely speculated and anticipated event for Ethereum. Despite the delays and the lack of a clear deadline for when ETH 2.0 will launch, Ethereum has been doing remarkably well on the price charts, as well as with respect to the users entering the ETH ecosystem. Vitalik Buterin, Co-founder...Read More
On 27 July 2020, Bitcoin surged by 11% in a single day, a surge that pushed its price from $9,933 to $11,417. This type of surge was last seen in April 2020, a time when BTC surged from $7,700 to $8,900, a 13% surge. However, since then, the price had been moving along with the...Read More
While 2020 has been an eventful year for the crypto-market, it holds special significance for the world’s second-largest cryptocurrency – Ethereum. The year marks not only Ethereum’s 5-year anniversary but also one of the biggest changes in its ecosystem – the transition to Proof-of-Stake consensus protocol slated for this year, despite the delays. During a...Read More
The Bitcoin market has finally broken out of its consolidation phase and surged past its important resistance at $10k. As the world’s largest crypto hovers just over $11k, it was also moving close to the precious monetary metal – gold. Gold’s qualities have often been compared to that of Bitcoin, and the digital asset has...Read More
It has been a year of trends for Bitcoin and one of the most well-documented ones is the trend of more Bitcoin leaving exchanges than entering it. Since the start of the year, more specifically since March, over 92,000 BTC has moved out of exchanges. A recent report had suggested that some amount of Bitcoin...Read More
The Ethereum market has been noticing a spike in its value given the surge in the Bitcoin market. This spike was of 11%, however, according to the daily chart of Ethereum, it has been marching upwards for the past 6 days and has managed to appreciate its value by 58%. The value of ETH has...Read More
It was “fourth-times the charm” for Bitcoin as the largest digital asset successfully breached past its $10,000 resistance; a range that had alluded BTC since the start of May. To be honest, the bullish break was long-time coming for Bitcoin since the asset had strong on-chain fundamentals for the past few weeks despite price stagnancy....Read More
The largest cryptocurrency, Bitcoin finally witnessed great volatility sneaking into the market, after months of remaining dormant. This upwards volatility helped the coin’s price to rise by 18% in a day, which eventually pushed the price above $10k. The peak registered during the rally was $11,417, whereas the price has reduced to $10,735, at press...Read More
With Bitcoin breaking $10,000 for the third time this year and going on its maiden big-money move since the halving, prospects are high. Like all moves from four to five figures, this one was initially met with startling enthusiasm. However, given the market we’re in now, how long can the market sustain above $10,000? The...Read More
Since its inception, Bitcoin has been the most popular payment tool among criminals operating in the markets of the darknet. Even today, with mainstream attention, global regulation, and billions in daily traded volume, the use of the decentralized, censorship-resistant, and universal cryptocurrency has not waned, but its sourcing has changed, which can open up a...Read More
The crypto-community has been in a buoyant mood over the past few days owing to a recent decision taken by the United States’ Office of the Comptroller of Currency. The decision, encapsulated in an interpretive letter the OCC sent to an unnamed bank, stated that nationally chartered banks and savings institutions may now offer crypto-custody...Read More
Narratives are important. They underline not only the credibility of a certain market, but they also shape the direction such an industry will be taking. However, narratives often have a tendency to be fudged, exaggerated, and sometimes, be false. This cannot be truer for the cryptocurrency market, a sector that has often struggled to dissociate...Read More
Cryptocurrencies have tried to accomplish quite a lot in the last ten years. This is evident, particularly in the case of the world’s largest and oldest cryptocurrency, Bitcoin. From being positioned as a decentralized form of cash that rivals traditional fiat to being considered as a robust store of value that gives gold a run...Read More
With respect to public perception, cryptocurrencies still occupy a grey area. While the use-cases of cryptocurrencies like Bitcoin have been made evident over the past decade, there is still quite a bit of skepticism in the minds of individuals who aren’t entirely familiar with how cryptocurrencies operate. The asset class’s sensationalized association with bad actors...Read More
The story of stablecoins has been extraordinary in 2020. After the collapse in March 2020, the rate at which Tether has exploded in terms of issuance and market cap has led many to believe that U.S dollar-pegged centralized digital assets will have a major say in Bitcoin‘s future. Now, when it comes to stable assets,...Read More
Even with Bitcoin’s mid-week push above $9,500, the larger trend of stability has held strong. Prior to this push the largest cryptocurrency in the market had traded within a $500 margin for over a month, and in the last two months the range only as large as $1,000. While Bitcoin for the past two months...Read More
The case of Bitcoin’s adoption has been an intriguing one over the years. To a large extent, it has been all over the place in the past few years as narratives for Bitcoin kept changing with respect to its functionality. Many have started to idolize Bitcoin’s appeal as a Store-of-Value with more and more people...Read More
The Ethereum ecosystem is ready to move into the next generation with Ethereum 2.0 and according to Danny Ryan, the platform’s launch coordinator. After the Altona testnet, the developers are now ready for the launch of the official multi-client testnet Medalla on 4 August. It will mark the final steps towards Phase 0 of ETH...Read More
Even though there were doubts about the Bitcoin market reacting to the global economic events, the recent COVID-19 pandemic aligned it more with the global market. However, the crypto market has remained in sync with the affairs in the crypto industry. This was witnessed on 22 July when the news about the US banks offering...Read More
The cryptocurrency ecosystem has evolved substantially over the past ten years, with increasing regulatory clarity enabling the likes of Bitcoin to gain the trust of a wider audience. The fact that institutional investors are now backing one of the most disruptive technologies of the past decade is a testament to this evolution. However, cybercrime and...Read More
The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However, with stablecoins growing, the distribution and...Read More
