The world economies are facing a tough time due to the impacts of COVID-19. According to the International Monetary Fund [IMF], the global economy is expected to fall by over 3% in 2020. With the financial crisis crippling countries around the world, global remittances are projected to decline sharply by almost 20% in 2020 by...Read More
Cryptocurrency exchange Huobi Global revealed plans to launch Bitcoin Options. The plan for this launch comes at a time when Bitcoin has been coiling-up and in an extended bear market, awaiting a bull run. Huobi Global’s entry into Bitcoin Options isn’t a surprise especially considering how successful its Futures were. At press time Huobi’s 24-hour...Read More
It is becoming increasingly difficult to justify an imminent bull run for Bitcoin based on market analysis. The largest digital asset has hardly budged from its consistent price of $9500-$8800 over the past couple of months but its fundamental metrics continued to remains bullish on its future. Source: Glassnode According to Glassnode’s recent weekly insights...Read More
Since Bitcoin began entering mainstream finance there was always anticipation around ‘when will the institutions arrive?’ Motivation was merely price-centered, and the logic for the same went something like this, when institutional investors arrive, they will bring in bags of cash waiting to be dumped into the Bitcoin market. This massive dump in the cryptocurrency...Read More
Bitcoin’s dramatic fall in the month of March elated many who were critical of the king coin’s store-of-value and safe-haven characteristics. In fact, a recent paper highlighted the same, while also suggesting that for investors who choose to have a percentage of their portfolios allocated to Bitcoin, there is an increased downside risk. This is...Read More
Cancel Culture – A term that has been doing the rounds lately after the open letter by Harper’s, one signed by the likes of Noam Chomsky, Margaret Atwood, Salman Rushdie, and J.K Rowling went viral. At its simplest, it refers to the withdrawal of popular support after a public figure or entity says or does...Read More
We’re now into the third month of low volatility in the cryptocurrency markets. Owing in larger, or complete part, to Bitcoin trading in a tight trading zone between $8,800 to $10,000. But it looks like the wait for the largest cryptocurrency in the market, holding over two-thirds of the total market, to turn the tide...Read More
Being the first to do something often counts for a lot. Whether it is Armstrong being the first to step on the moon or Karl Benz manufacturing the first automobile… public memory and perception usually fall back on the first movers. This is the case in the cryptocurrency market as well, an industry where entities...Read More
Attention matters, and in a world of social media and online business, attention matters even more. If you can entice more people to visit your website, chances are you can grow faster. But in this era of massive scaling, there is a difference between fast growth and fake growth, a difference that many cryptocurrency exchanges...Read More
The crypto market has noted unexpected price action in the past week. While Bitcoin continues to struggle to go close to $10K, many altcoins saw their price surge independent of the king coin. Ethereum too reported a strong market sentiment, as its ecosystem saw a lot of growth with a surge in active addresses. However,...Read More
The cryptocurrency market and its ecosystem have noted tremendous growth over the past few years. Increased adoption rates and the fact that there is more regulatory clarity around digital assets today have further helped crypto’s growth. Bitcoin, today, represents a robust store of value and a hedge that can diversify traditional investment portfolios. However, as...Read More
From the outside, there’s just one cryptocurrency worth any mention, Bitcoin. The king coin holding over 62 percent of the market capitalization of the entire coin market will take some beating, and according to its opposers, the coin that has the best shot at dethroning the king is Ethereum. The second-largest cryptocurrency in the market,...Read More
The Bitcoin market lacked any momentum in June, and this resulted in its annualized volatility to dip to a 6-month low of 51% and a drop of 31% MoM in trading volumes. This period of stagnation caused the BTC’s correlation with the S&P 500 and gold to flip from 0.13 to 0.52 and from 0.50...Read More
Even with Bitcoin trading in a tight range for the past two months, expectations of a Bitcoin push over $10,000 are bleak in comparison to the drop from this point forward. Going by the pricing of futures and options contracts from now till the end of 2020, the cryptocurrency is not seen in the best...Read More
The cryptocurrency world has moved past the largest crypto, Bitcoin, and has been recently paying attention to other important projects. Ethereum has been witnessing strong growth in its ecosystem despite a stalled price. The value of Ether at press time was $244.83, but the anticipation of ETH 2.0 has brought an increased interest in the ecosystem....Read More
As the Bitcoin network indicated signs of a bullish rally in the market, the second-largest crypto, Ethereum, was not far behind in indicating signs of an upward trending market. The Etheruem network has been highlighting the strength of the ecosystem, not just with the coin’s position in the market, but along with its extended ecosystem....Read More
‘How to buy Dogecoin?’ This keyword is trending not just on Google but also on Twitter. Dogecoin has pumped a total of 144% since July 06 but is now at 85%. What started as a random Tik Tok video is now a trending topic in the US and more pump seems to be on its...Read More
India has an active crypto community with numerous crypto businesses striving to develop the space and work with regulators to form adequate guidelines. After the Supreme Court quashed the Central bank’s banking ban, the crypto businesses got a new lease of life and the country also saw interest from many others to start a new...Read More
The cryptocurrency market has been moving like a crab, sideways. Due to low volatility in the market, the traders have been holding with an expectation of a price surge, but that has only resulted in an increased consolidation. The major crypto Bitcoin has remained under $9.3k for some time now, and due to a strong...Read More
Crypto investors have been eager to trade in a rallying market, however, at the moment the market has been consolidating. With the largest digital asset, Bitcoin bouncing between its immediate resistance and support, traders viewed it as an opportunity to continue hodling until the price bounces. Regular traders however were looking at the BTC whales...Read More
Bitmain, the once-dominant bitcoin mining equipment manufacturer, has been struggling with the back-and-forth between Micree Zhan and Jihan Wu. In a new development, Micree Zhan has not only announced a change of bank account but also a new website. On Bitmain’s WeChat group, allegedly controlled by Micree Zhan, a new bank account for the after-sales...Read More
Heralded as the meme coin, Dogecoin has seen a drastic appreciation of 26% overnight as its price rose from $0.00229 to $0.0029, all in a matter of 24 hours. Dogecoin has climbed to the 33rd largest cryptocurrency as its market cap increased from $287 million to $357 million. Source: DOGEUSDT TradingView Dogecoin was on the...Read More
For years the top-3 coins in the cryptocurrency market have not changed. Tether might’ve spoiled the three-wheel party of Bitcoin, Ethereum and XRP by intruding, but it’s less a cryptocurrency, and more a trading tool. These three coins are regarded as the elite in their own fields – currency, network, and institutions, yet in terms...Read More
Bitcoin has not seen a bull run for almost 3 years now. With the last bull run ending on December 17, 2017, most people are yet to witness a bull run. This is an extended bear market and a pre-bull run phase, where the price has the least volatility. Perhaps, this extended bear run is...Read More
Plus Token, Bitconnect, OneCoin, had one thing in common – an investment deal that sounded too good to be true and when something’s is too good to be true, it usually is. With One Coin Ponzi, Ruja Ignatova was the leader who managed to ‘enchant’ thousands, if not millions, of her followers into investing in...Read More
Yes, crypto-tribalism is a big problem; Not Nazi Germany big! Tribalism is rife in the crypto-community. Ten years ago, there was Bitcoin. Today, there is Bitcoin and everything else, the latter popularly known as altcoins. The foremost among these altcoins is Ethereum. However, for long, Ethereum has been the target of ridicule and criticism, with...Read More
Bitcoin has had a slew of crimes related to it in the past few years, that’s the price you pay for using a censorship-resistant universal cryptocurrency. But looking at the facets of what makes a criminal gravitate towards a particular form of payment, one can say that among cryptocurrencies, Bitcoin does not have all the...Read More
Cardano, now the eighth-largest cryptocurrency in the market, has been one of 2020’s best-performing cryptocurrencies, with its price-performance putting the likes of Bitcoin in the shade. In fact, since hitting its price bottom for the year in March, ADA has surged exponentially, outperforming Bitcoin by 200% and the rest of the altcoin market by 250%....Read More
Sextortion is a fairly new word. Much like ‘selfies’ and ‘memes’ sextortion is an addition to the English language because of the growth of technology. But unlike a self-portrait of a ‘duckface’ or an ill-pronounced word depicting pictorial humor, sextortion is far more nefarious, and not in the least bit funny. Sexual extortion involves withholding...Read More
With Bitcoin’s price expectations, there are usually three camps. Well, there’s actually just two, but the third one doesn’t count, because it is filled with level-headed people. There’s one camp, consisting of the John McAfee type or the Peter Schiff type claiming, ‘Bitcoin will inevitably crash and burn.’ While this form of categorization is useful...Read More
