In an official announcement, cryptocurrency exchange Binance, said it has offered the promised bounty of $200,000 to certain private investigators, who remain unnamed, for compiling a report that identified one of the alleged attackers and provided information on the specifics of the attack. Earlier, the exchange had decided to reward anyone who “supplies information that...Read More
Trading currently at $15,400, bitcoin isn’t a long way from its recent top; in fact, it is in consolidation and the price might soon make or break. Identifying this make or break could allow one to profit; however, that comes after identifying the direction of the breakout. This article tries to do just that by...Read More
Cryptocurrency exchange KuCoin’s hack never stopped making news, as the culprits involved have been trying to move the stolen crypto onto several decentralized exchanges. But now in its most recent development, KuCoin co-founder Johnny Lyu revealed that 84% of the hacked funds had been recovered. In a tweet published on 11 November, Lyu said: So...Read More
China Construction Bank Corporation which is one of the “big four” banks in the People’s Republic of China is reportedly launching the sale of $3 billion worth of debt on a blockchain. The digital bonds can be bought for US dollars or bitcoin and will be listed on a regulated Malaysian digital asset exchange. However,...Read More
MicroStrategy’s Michael Saylor has been in the news since MicroStrategy’s purchase of $500 Million worth of Bitcoin, right off of the company’s balance sheet. The spotlight on crypto Twitter has been on Michael Saylor and recently he tweeted about the debate between Bitcoin and Gold and how one would end the other, his choice of...Read More
As the spot market once again began to consolidate, the decentralized finance [DeFi] sector has been witnessing a surge after bottoming out last week. Year.finance [YFI] has been a popular DeFi project that has been witnessing a great surge in the market over the past couple of weeks. Ever since it bottomed at $7,452.49 on...Read More
Four weeks back, prominent cryptocurrency exchange, OKEx had to suspend deposits and withdrawals of all cryptocurrencies due to a brawl involving its investors and users. To users’ relief, the exchange has now enabled its deposits and withdrawal service. Chinese reporter on Twitter, Colin Wu Twitter noted that “OKEx has reopened the legal currency deposit and...Read More
Infura, a hosted Ethereum node cluster that allows users to run applications without the need of an individual node or wallet, is experiencing downtime, at the time of writing. The infrastructure provider noted that it was experiencing a service outage that was causing a delay in the price feed to update for the Ethereum and...Read More
The cryptocurrency space is still considered to be in its early stages as many projects strive to overcome traditional finance barriers. In March, Ethereum-based crowdfunding platform, Gitcoin pledged $50,000 in development grants towards coronavirus-related initiatives and ever since has been aiming to improve the state of the ecosystem from public health projects to projects to...Read More
Bitcoin, Ethereum, and the entire crypto market seem to have stabilized for now. Bitcoin’s price has found a footing and everything is fine. As for the projects and the companies built in this ecosystem, it is a whole other thing; to be precise, there seems to be a dichotomy. Crypto’s Dichotomy As of this writing,...Read More
Asset managers are riddled with low-yield fixed-income allocations, however, they are constituents of most portfolios. The role of fixed-income allocations is to deliver consistent returns, though the overall impact on the portfolio’s ROI is low. To improve this ROI, some fund managers turned to Bitcoin for exposing their funds to a higher risk-adjusted return. Traditionally...Read More
It has been 4 days since bitcoin came close to taking out the $16,000 level. While it seems like the price is done and it won’t push any further, it isn’t and a metric that considers the mean exchange inflow has lit up the “buy” signal. Source: CryptoQuant Crypto Quant’s CEO Ki Young Ju tweeted,...Read More
India has noted an uptick in crypto users over the past year. This surge in the crypto users can mainly be attributed to the Supre Court’s decision to quash the Central Bank’s circular that called for a banking ban for crypto transactions in 2018. This judgment has temporarily also impacted user-perspective regarding crypto in the...Read More
With recent announcements of the COVID-19 vaccine, new momentum was unleashed for Bitcoin on spot exchanges. Gold took a hit, and the increasing BTC-Gold correlation spread was a relief for most retail and institutional traders. New demand for BTC was generated, as the news spread and to meet this demand, miners flow to exchanges has...Read More
Bitcoin shares a strong correlation with most cryptocurrency assets. However, this correlation has not yet helped the third-largest digital currency XRP. The digital asset despite much volatility in the extended crypto market has been moving within a strict range and has managed to return 22.23% year-to-date. While the investors wonder when the price of XRP...Read More
Plan B is sticking to his S2F model based prediction of $100k-$288k before December 2021. Despite several updates and announcements on the regulatory and institutional front, he stands by the $100k. Though there are several Bitcoin Maximalists on Crypto Twitter calling for Bitcoin $100k by end of 2020, PlanB stands out with his prediction because...Read More
In its research on central bank digital currencies or CBDCs, United States Federal Reserve published a new review on 9 November exploring the potential impact of a digital dollar on commercial banking and monetary policy. Titled “Central Bank Digital Currency: A Literature Review,” the report highlights how the central bank can use CBDC as a...Read More
A PayPal related cryptocurrency scam caught the attention of Northumbria Police who issued a warning today especially to all PayPal users. In its notice, the police warned: A message for all PayPal users. Please read the below cyber advice regarding fake cryptocurrency from a fake Paypal email address that is circulating. The police urged those...Read More
ETH Futures trade volume was up by 38% in 2 days, at the time of writing, according to Skew’s charts. Not just the trade volume, but even the Open Interest was up by 8% based on Skew’s charts. On spot exchanges, the trade volume dropped by nearly 25%, but on derivatives exchanges, it climbed up....Read More
ETC Group’s Bitcoin exchange-traded crypto has become the first cryptocurrency exchange-traded product (ETP) that boasts $100 million in assets under management since its launch in late June, according to ETF Stream. CEO of ETC Group, Bradley Duke, said that by reaching the $100m AUM milestone in just over four months, the Group feels that the...Read More
Frederik Gregaard, CEO of the Cardano Foundation, recently shared his views with the community during a Q&A session on The Cardano Effect. According to the Cardano Foundation exec, the most important use cases and problems to be solved using Cardano will be in the area of Financial Services and Insurance. Gregaard, coming from a background...Read More
Singapore-based cryptocurrency exchange DragonEx published an update stating that it will introduce a temporary plan to allow withdrawal of crypto on its platform: Due to the uncertainty of the financing time, and in order to shorten the waiting time for everyone, the platform has decided to initiate a temporary restart plan to gradually resume deposit and...Read More
Voyager Digital, a publicly-traded, licensed crypto-asset broker has announced that its Assets under Management (AUM) have surpassed $100 million, up 20x from December 2019. Addressing Voyager’s exponential growth over the past year, CEO Stephen Ehrlich said, “Voyager’s offering of over 50 digital assets, including 22 interest-bearing assets, is winning over investors. As we increase our...Read More
Ethereum’s price is up 13.21% in one week. What does this reveal? Well, the said price rally suggests that more retail and institutional traders would trade on spot and derivatives exchanges. However, the trade volume on spot exchanges is still oscillating around its mid-October levels. In fact, while the trade volume did climb above $300M...Read More
With the Bitcoin Fear and Greed Index noting a reading of 88 on the charts, based on data from Alternative, the trade volume of Tether was noted to have dropped by nearly 4%. In fact, the drop was pretty noticeable on the price charts too as Tether hit a low of $0.99 for the first...Read More
Bitcoin, at the time of writing, was trading at a 112.5 percent premium to its price at the beginning of the year, a 282.5 percent premium to its lowest price in the year, and 28 percent off its highest price ever. Even with all the fervor around the price rally, one question needs to be...Read More
Hard forks are contentious. After all, why wouldn’t they be? The latest example of the same is Bitcoin Cash’s likely hard fork that is scheduled for the 15th of November. In preparation for the same, many of the market’s entities have been putting out statements revealing their action plan after the 15th. Hot on the...Read More
The last few days have brought good news for the Ethereum community. Not only did ETH rise on the charts, climbing to $441 from a value of $382 just under a week ago, but the community also welcomed the deployment of the deposit contract for ETH 2.0. Needless to say, optimism is running high, especially...Read More
Bitcoin and the overall crypto-market welcomed 2020 with increased regulatory clarity which has in turn helped its overall adoption narrative. However, with the ongoing presidential election taking place, many in the crypto space have speculated as to what the effects of a new government and new regulations might imply for the likes of Bitcoin and...Read More
Another phrase for ‘bull run’ is ‘profit take.’ Why? Because whenever the price for any asset rises, there are those who buy in the hope for another rise, and there are those who sell, in the hope for another fall. While it’s clear that Bitcoin is in a full-fledged bull run, it’s also clear that...Read More
