The prominent cryptocurrency exchange platform, Bakkt may be going public as it has been reported to be in preliminary talks with VPC Impact Acquitision Holdings. Bakkt, owned by Intercontinental Exchange Inc., may go public through a merger with the blank-check firm, as per Bloomberg’s sources. The transaction is set to value the combined entity at...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Cardano’s price has benefited greatly from Bitcoin’s bull run. Over the past week, the cryptocurrency’s price saw a whopping 88 percent hike. Even in the short-term, i.e. in the past 24-hours, such strong bullish...Read More
The price of Ripple’s native crypto, XRP has seen much volatility over the last couple of months. Holders expected a late November 2020 surge in XRP prices, but all hope was lost after United States Securities Exchange Commission sued Ripple for an illegal securities offering, calling into question the status of the crypto. Many have...Read More
In a previous article, we discussed the changes that will take place after EIP-1559 is implemented on Ethereum and the modification of the current gas fee system. As explained, the main objective of EIP-1559 remains to lower gas fees for its users so that individuals are not overpaying for their transactions to go through. While...Read More
Chainlink‘s bulls seized the $16-level from the bears, but a bearish divergence could see this highly significant level tested. Dash approached the $100-mark with momentum and could rise above it to test the $104-resistance level, while VeChain could see a dip to $0.0253. Chainlink [LINK] Source: LINK/USD on TradingView There was a bearish divergence between...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Following Bitcoin’s lead on the charts, altcoins like Stellar Lumens registered significant gains over the past 48-72 hours. At the time of writing, XLM stood out in the top-10 of the cryptocurrency market, simply...Read More
New years are often great occasions to launch new products. Popular crypto-exchange BTSE is the one to launch the latest product this year in the form of Wrapped Monero [WXMR], a Monero-backed token on Ethereum. According to the announcement made by BTSE, WXMR will be backed 1:1 by Monero and secured by the exchange. Wrapped...Read More
Bitcoin Cash registered a bearish divergence and was likely to test the $414-level of support over the next few trading sessions. Polkadot was likely to see a breakout past $10.5 to reach $11.5, provided it does not lose the $9.5-region in the coming hours. OMG Network was strongly bullish, but could see a pullback to...Read More
XRP appeared to have reversed its month-long downtrend, but since many exchanges are set on delisting the cryptocurrency over the next few weeks, some selling pressure may be incoming. Tron registered a sharp move to the upside and tested the resistance at $0.03, while Zcash noted consistent selling and was unlikely to rise past $71....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice With Bitcoin, the world’s largest cryptocurrency, climbing to touch one ATH after another, the alt season may have finally kicked off. With the BTC market hitting new peaks every day, the altcoin market has...Read More
With Bitcoin crossing the $37,000-mark a few hours before press time, many of the market’s altcoins recorded substantial spikes in their trading price. This was the case for popular alts like Litecoin, Ethereum Classic, and NEO, with hikes of up to 20% observed on the price charts. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin’s price rose...Read More
Most of the market’s altcoins, including the likes of EOS, Ontology, and Cosmos, were flashing green at press time, with Bitcoin’s movement past the $35,000-mark giving the market a lot of bullish momentum. However, some signs suggested that EOS might not be able to sustain its momentum in the near-term. EOS Source: EOS/USD, TradingView While...Read More
Synthetix and Loopring followed market frontrunners Bitcoin and Ethereum‘s suit by surging on the price charts, before minor corrections halted their movements. On the contrary, Stellar Lumens was having a field day on the charts, with more upside projected in the short-term. Stellar Lumens [XLM] Source: XLM/USD, TradingView Stellar Lumens has been outperforming on the...Read More
With the crypto-market booming, regulatory clarity is increasingly becoming the need of the hour. However, most countries have struggled to provide any degree of clarity, with the United States of America being one of them. However, while there are many who want such clarity, there are others who are balking at the need for more...Read More
Since the introduction of FinCEN’s proposed rule on 23 December 2020, many entities in the crypto-space have issued statements fiercely opposing it. The latest crypto-company to issue a statement is popular Bitcoin ATM operator CoinFlip, with the company coming out against the U.S Treasury’s proposed rule. “The agency’s self-imposed rush has resulted in a flawed...Read More
Binance Coin and Dogecoin entered a consolidation phase on the price charts after a solid start to the year, while IOTA projected upside movement as buyers took control of the market. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin seemed to be noting a minor pullback after breaching its all-time high a couple of days...Read More
A few of the market’s altcoins like Polkadot and FTX Token rose to record levels over the last few trading sessions, while Bitcoin Cash was registering a correction, one that saw the price move towards the $415-mark. Bitcoin Cash [BCH] Source: BCH/USD, TradingView A look at Bitcoin Cash’s 4-hour chart showed that the cryptocurrency was...Read More
Justin Sun, Founder and CEO of TRON, recently took to Twitter to dispel rumors that Tron was in the middle of extensive regulatory scrutiny in the United States and China. According to Sun, neither the TRON Foundation nor BitTorrent has received any notice of regulatory proceedings from any regulatory agency, with the exec adding, “We...Read More
Some of the market’s altcoins like Monero and Dash failed to recoup their losses after Bittrex’s delisting announcement last week. However, XMR and DASH weren’t the only ones as Ethereum Classic too projected a southbound move as the market bears sought control of the prices. Monero [XMR] Source: XMR/USD, TradingView Monero seemed to be reeling...Read More
The previous year witnessed significant growth in decentralized applications. Total locked value locked (TVL) across all DeFi apps had hit $1 billion at the beginning of January 2020. A year later, DeFi TVL in dollars amounted to $18.3 billion, at press time, according to DeFi pulse. Image Source: DeFi Pulse Although Bitcoin attracted several major...Read More
After Bitcoin retraced some of its gains over the last 24 hours, altcoins like BAT and Zcash followed suit and suspended their own northbound movement, entering a consolidation phase on the price charts. Finally, Litecoin was projected to move slightly lower on the charts too. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin picked up steadily on...Read More
Crypto asset manager Grayscale announced today that it has removed XRP from its digital large-cap fund, in the wake of US Securities and Exchange Commission accusing Ripple and co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over $1.3 billion through an unregistered “securities offering.” The firm stated that it had sold all XRP...Read More
Popular crypto-exchange FTX is in the news today after it listed $GBTC, $ETHE, and $BITW Spot and Futures. These are tokenized versions of Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Bitwise Index (BITW). The listing of these particular tokenized spot positions on FTX represents the first time a centralized exchange has carried out...Read More
On the back of consistent price surges over the last week, it seemed that Bitcoin, Ethereum, and the rest of the market were finally registering some corrections on the charts. However, that wasn’t to last as the larger crypto-market hiked after the U.S Treasury’s Office of the Comptroller of the Currency (OCC) issued an interpretive...Read More
Chief Technology Officer at Ripple and XRP Ledger architect David Schwartz said in a recent interview that US regulatory laws with regard to crypto-assets are “vague.” These comments were made, in wake of the Securities and Exchange Commission’s new lawsuit against Ripple which alleges that the company and two of its executives raised over $1.3...Read More
Bitcoin‘s price correction is finally here, and altcoins could soon be in hot water. The past 24 hours have been shaky for the world’s largest cryptocurrency, with its price retracing by over 8% since hitting the $34,000 mark. Although the corrections were yet to sink in for the larger crypto-market, some altcoins had already started...Read More
The larger crypto-market is off to a strong start in 2021, backed by market leaders Bitcoin and Ethereum. In fact, in the past seven days alone, the top-10 coins by market cap have risen by between 13.8% and 74.84%, highlighting the bullish start to the New Year. However, with investors preparing to lock in their...Read More
Cardano has been working on developing and expanding its ecosystem for a long time now, with the community focusing on bridging the gaps between the market’s altcoins. In fact, the Cardano and Litecoin foundations have for long been rumored to be discussing probable cross-chain collaboration. According to a recent update by Cardano’s Charles Hoskinson, preliminary...Read More
While the year 2020 has been an impressive year for most of the cryptocurrency market, it has been especially so for Chainlink. Its native cryptocurrency LINK managed to return 536% to its investors in 2020. Although LINK’s market did witness a dump in price soon after, at the time of writing, it was awaiting correction...Read More
Swing failure patterns appeared to be in play on the charts, with much of the altcoin market highly volatile in the hours before press time. While Chainlink touched $15.7 and dived south, Aave’s breakout of a range saw a nasty reversal as well. Finally, DigiByte registered a bearish divergence as well. Chainlink [LINK] Source: LINK/USD...Read More
