Bitcoin SV recovered somewhat following the gains Bitcoin posted over the past couple of days, with BSV approaching its level of resistance on the charts. IOTA was trading just above its level of support, and a rise past $0.3 signaled that a test of $0.326 was imminent. Nano gave a bullish signal and posted some...Read More
Tezos has recorded losses over the past couple of weeks and it was heading back towards the $2-level of support, at the time of writing. Basic Attention Token was also on a downtrend since early-December and found support at the $0.2-level. Finally, Dogecoin was consolidating at its level of resistance. Tezos [XTZ] Source: XTZ/USD on...Read More
A hard fork was initiated on the Cardano network a few hours ago, one that has largely gone unnoticed, presumably due to the way in which it was executed. The hard fork was initiated to introduce the token locking mechanism to the Cardano blockchain and the complete transition will now take place on 16 December...Read More
Chainlink sat atop an important level of support, the loss of which would confirm that the market’s bears were in the driving seat in the LINK market. Synthetix registered a notable lack of buying volume in recent weeks, and it could continue its descent past $4.2. Finally, Status formed a bullish pattern and could see...Read More
According to a recent announcement, a smart contract development platform for Tezos, Smart Chain Arena (SmartPy.io), is the newest recipient of a blockchain integration grant from Chainlink. The grant will enable Chainlink price feeds to be integrated on Tezos, something that will help the blockchain platform build next-generation DeFi products. The Chainlink Community Grant Program provides...Read More
In anticipation of the airdrop of Spark tokens, the number of addresses holding XRP rose dramatically recently. At the time of writing, it was still unclear what effect this development would have on the cryptocurrency’s price. Further down the crypto-ladder, while NEM witnessed a bullish reversal and tested the $0.252-resistance level, VeChain registered a bullish...Read More
The Crypto Fear and Greed Index registered a value of 90 at press time, with calls for a deeper Bitcoin correction yet to come to the fore. Stellar Lumens was on a downtrend over the past three weeks, but it could see a breakout to the upside in the coming days. Aave saw a bearish...Read More
Most of the crypto-community is obsessed with titles. Any cryptocurrency or a blockchain project advertised with the title of XYZ-killer is particularly popular. Ethereum, the world’s largest altcoin, is often the target of such dubious comparisons. The latest to do so is Coinbase after it recently published a blog that identified 9 blockchains it classified...Read More
The last few days saw the altcoin market shed a lot of value, with some coins losing double-digit percentage points over the past week. Monero did not see significant selling volume over the same time period, something that hinted at its strength in the market. Waves was rocked by the latest bout of Bitcoin volatility,...Read More
Cardano’s ecosystem has been one of the most active ones this year, with every passing month bringing with itself a host of updates and developments. It is in the news again after Founder Charles Hoskinson recently shared a few updates on Cardano’s strategy in Africa. According to Hoskinson, it is likely that there will be...Read More
Tron appeared to have found the $0.0275-level as the bottom for its most recent drop, and a bullish setup predicted a recovery towards the $0.03-level over the next few trading sessions. Algorand saw heavy trading and a sharp spike back towards a level of importance at $0.31, a level which it would attempt to flip...Read More
MassMutual was in the news recently after it bought $100 million worth of Bitcoin, news that billionaire Mike Novogratz responded to as “might be the most important BTC news of 2020.” On the back of such a development, Bitcoin Cash exhibited a bullish divergence on the charts and rose towards the resistance level at $267....Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin SV’s surge above the $200-resistance level was long-awaited, but it was extremely brief when it actually happened. The crypto-asset dropped below $200 within 24-hours and since then, Bitcoin SV has re-visited its common...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice It has been the same old story for EOS. After registering a high of $4.01 on 24 November, it has been a period of consistent decline for the crypto-asset. The cryptocurrency’s valuation at press...Read More
The demand for Chainlink’s price feed has been rising by the day, with the same receiving new endorsements from more and more participants in the crypto-ecosystem. Prosper is the latest one, with the protocol announcing the completion of its mainnet integration with Chainlink’s Oracle network. Prosper is a decentralized short-term prediction market and hedging platform...Read More
While DeFi has been the most popular buzzword of the year, it is a space that is fraught with risks. In fact, a recent report by BraveNewCoin outlined a series of 18 serious non-financial risks for DeFi, a report addressing the inherent risks that a user may be exposed to when diving into this ecosystem....Read More
A year after PayPal suspended transactions for the leading adult website Pornhub, MasterCard, and Visa have followed the example in the midst of child abuse allegations. With cryptocurrencies remaining one of the few available options for payments, the question stands if such association is indeed positive for the industry. Visa and MasterCard Block Use Of...Read More
Bankhaus von der Heydt (BVDH), one of Europe’s oldest banks, and German tokenization and digital asset custody provider Bitbond are joining forces to issue a Euro-pegged (EUR) stablecoin (EURB) on the Stellar network. The EURB stablecoin will be the first stablecoin issued directly by a banking institution on Stellar and one of the first of...Read More
Bitcoin visited $17,600 and rebounded to $18,300 at the time of writing. The altcoin market followed Bitcoin’s price movement over the past few hours. Tezos tested support at $2, and FTX Token saw a decline to $4.08 before bulls pushed the price upward to $4.27. Crypto.com Coin appeared to resume the previous bearish trend that...Read More
The bearish market sentiment was reflected by Litecoin and IOTA as they dropped strongly beneath support over the past 24 hours. Synthetix has not seen much buying volume over the past few weeks and could see a deeper correction. Litecoin [LTC] Source: LTC/USD on TradingView LTC saw the $80 support lose its footing decisively over...Read More
Bitcoin dominance rose marginally to 64%, meaning that the altcoin market was dropping in value slightly faster than Bitcoin over the past few hours. Polkadot and Steem showed strong bearish momentum as they lost important levels of support to the bears in the last few hours. Ethereum Classic reflected market sentiment and posted losses as...Read More
Why Bitcoin will replace US Dollar as the World’s Reserve Asset is as much a story of the United States Dollar, as it is of Bitcoin. It started when United States GDP was a third of the world’s GDP and even larger when it comes to the manufacturing sector, at the close of the second...Read More
After a week of choppiness around $19,000, Bitcoin dropped beneath $18,600 and was trading at $18,135 at press time. Binance Coin looked set to drop to support at $26.7. Monero, one of the strong performers over the past couple of volatile weeks, would seek to halt losses at $127. Dogecoin saw a breakout to the...Read More
Bitcoin dropped from $19,156 to $18,248 at press time, marking close to 5% loss over 24 hours. The altcoin market reacted by posting losses as well. Chainlink could see a bounce off the $11.9 level of support before another move downward, while Bitcoin SV appeared to lose the $172 level to bears. EOS was unable...Read More
One of the leading International banking groups, Standard Chartered has taken its first step towards cryptocurrency. Its innovation arm, SC Ventures announced a partnership with Northern Trust to launch an institutional-grade custody solution for cryptocurrencies, called Zodia Custody. Many banking groups around the world have already ventured into crypto in some form or another. Reports...Read More
Bitcoin shed nearly 3% in a matter of hours following a move down from $19,298 to a low of $18,700. This affected the rest of the market as well. Binance Coin dropped beneath a level of support at $29 and could be set to retrace all the gains of the past couple of weeks to...Read More
Bitcoin has posted excellent gains on its way to ATH but the momentum stalled over the past week. At press time BTC was trading at $18,803 with a market cap of $349 billion. Source: CoinStats This sideways movement of both Bitcoin and Ethereum prompted the altcoin market to shed value. Polkadot was likely to begin...Read More
With the collective digital asset market showing little change over the past week, Ethereum too was victim to the same. Ether value ranged roughly between $565 and $620, maintaining position between the set of resistance and support. Indicative of another bearish turn, we analyzed Ethereum’s long-term chart to figure out its immediate trading range in...Read More
Ethereum has been dormant in the short-term, and Bitcoin Dominance has also been relatively flat over the past few days. The altcoin market was waiting for a breakout or breakdown. Bitcoin SV faced strong resistance from $180, while EOS tried weakly to get past the $3 level of resistance, a move that would signal a...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The Litecoin market has been continuously swinging and is now slowly moving upwards. The current price of the digital asset was $83.37 and has been flirting with the resistance at $84.21. Despite the rising...Read More
