Despite Bitcoin’s share of the market holding steady over the last few weeks, the world’s largest cryptocurrency’s price movement, owing to high correlation stats, continues to exert a lot of influence on the movement of other cryptos. The same was highlighted by the price performances of Tezos and STEEM. However, the same wasn’t evident when...Read More
Founder and CEO of Galaxy Digital, Michael Novogratz announced today that the firm’s OTC Trading business has had its best quarter yet. The CEO said: We’ve taken several key steps forward in the second half of 2020, including making critical senior hires, expanding our capital base, and completing strategic actions to position Galaxy Digital for...Read More
For many, Bitcoin is more than just a cryptocurrency. For most, Bitcoin is THE cryptocurrency. Why is this so? Well, there are many reasons, but the primary reason usually given by proponents is that it is the world’s biggest and its oldest. Fair enough, but is that all there is to that? Well, not quite,...Read More
Bitcoin’s performance over the past few days has had a significant impact on the rest of the crypto-market. While the collective market cap surged, individual tokens on the charts prospered as well. However, this wasn’t the case universally as quite a few cryptocurrencies chose to move in the opposite direction. The cases of Monero, Ethereum...Read More
Offering a high-level summary of progress, Goguen and Cardano project managers, Dimitris Poulopoulos and Volodymyr Hulchenko stated that things were progressing well. Last month’s Cardano update involved a live demo of the ERC-20 convertor and Charles Hoskinson describing the Native Asset Standard as a way of treating tokens on Cardano as ‘first-class citizens’. It seems...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Polkadot short-term market and its impact on the price. Polkadot has been gaining much attention from the crypto community, ever since its launch. Even though Bitcoin has been reaching new highs, the coin has been consolidating in the market over...Read More
Following a period of sideways movement under the $11,000-mark in the month of September, Bitcoin’s price has risen dramatically on the charts. In fact, while October saw the cryptocurrency surge, November has seen BTC touch levels unseen since January 2018. Source: CoinStats Bitcoin’s performance has had a ripple effect on the rest of the crypto-market,...Read More
Two indigenous tribes from the northern region of Brazil have joined forces to create a cryptocurrency to save their future and have access to a decent income after a lack of attention from that country’s government. The two tribes are known for their with ancestral rivalries. Brazil’s President Jair Bolsonaro is known for his derogatory...Read More
Major crypto exchange BitMEX today announced its partnership with Eventus Systems, a software and compliance firm, which would allow the platform to “bolster” its Anti Money Laundering (AML) and trade surveillance monitoring. According to the announcement the firm said: Through integrating the Eventus Validus technology into our existing trade surveillance and AML processes, we will...Read More
The state electric company of Carabobo, one of Venezuela’s 23 states, has reportedly disconnected bitcoin and cryptocurrency mining equipment across the region. According to an anonymous crypto miner, the state electric company, Corpoelec did this in compliance with “superior orders.” The miner told a local news company that over the weekend Corpoelec had indeed shut...Read More
Akropolis has reportedly come under attack, with hackers draining the DeFi protocol’s savings pool to the tune of $2 million in DAI stablecoin. In a tweet published on 12 November Akropolis stated: We recently identified a hack executed across a body of smart contracts in the “savings pools” that have been audited twice. We are...Read More
Bitcoin’s price has touched new heights in Q4 of 2020. However, it is easy to forget that Q3 was quite different. The Bitcoin market, along with the altcoin market, was quite a mix of volatility and consolidation this year. The spurts of volatility caused the BTC market and traders to pay close attention to the...Read More
The blockchain analysis firm, Chainalysis, today announced the launch of an asset realization program to help government agencies to track seized cryptocurrencies as well as handle, store, and realize such assets. Chief Revenue Officer, Chainalysis Jason Bonds believed that with cryptocurrencies becoming more mainstream, the likelihood of bad actors using it could increase. On that...Read More
With Bitcoin continuing to hover very close to its $16k-resistance level, many of the market’s altcoins are now having to endure prolonged periods of sideways movement. Such was the case for altcoins such as Binance Coin, Polkadot, and VeChain over the course of the previous week. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin’s price...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the EOS long-term market and its impact on the price EOS, like some altcoins, has been sinking lower on the charts with every passing day. This, even as Bitcoin and some other major crypto-assets consolidated. However, if one were to view...Read More
Bitcoin’s price, at the time of writing, continued to remain close to the much-anticipated $16K-level. Owing to their high correlation to the world’s largest cryptocurrency, many of the market’s altcoins benefited as expected. In fact, popular altcoins like XRP, Synthetix, and NEM saw their prices surge over the past week. However, over the last 24-48...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Chainlink’s short-term market and its impact on the price Unlike most, Chainlink has not been highly correlated with Bitcoin, with the impact of the same very visible on its market. In fact, the value of LINK has been moving in a...Read More
The US-based venture capital firm Social Capital will launch a new program enabling investors from all backgrounds to employ the company’s resources to generate “outsized returns on an initial capital base of millions of dollars.” SC’s founder and CEO, Chamath Palihapitiya, announced the new venture called Emerging Managers on Twitter. He highlighted several issues new...Read More
Commodities trader and analyst Peter Brandt said on Twitter that XRP would have been deemed a security if the US Securities and Exchange Commission (SEC) regulators completely understood the workings of cryptocurrencies. Brandt published his XRP stance in response to a comment by one Twitter user going by the name of Rexiby crypto, who claimed...Read More
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
Bitcoin rose to $15,610 and the Crypto Fear and Greed Index showed a greedy value of 86, in what has been a week of extreme bullish sentiment toward crypto. Binance Coin formed a pattern that could see a breakout imminently, while the coin itself lacked momentum over the past few hours. IOTA could bounce off...Read More
Bitcoin held its ground at the $15,400 level. The king of crypto has not moved in a major way to either side in the past week, and could pave the way for some altcoins to recover. Source: CoinStats Bitcoin SV appeared to be headed for losses as it traded above a region of demand, while...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
Litecoin formed a bearish pattern and could be poised to drop lower while Tron registered slight gains in recent hours on a bounce off support. Algorand was retracing after a downward move, and a strong rejection at an important level of retracement could signal that its short-term bounce was at an end. Litecoin [LTC] Source:...Read More
Cardano rose past a region of supply and could be headed further upward to resistance. Cosmos retraced some of its gains from the previous month and was headed higher, but could see a drop in the coming hours while Basic Attention Token was in a long-term downtrend, and the bears were likely to impose themselves...Read More
The outlook for Cardano is bearish both on a long term and a short term basis. As explained in the previous article, there is a drop coming for Cardano and other altcoins; as for ADA, the drop might push it down to the 0.382-Fibonacci level. At press time, ADA was trading at $0.1079 and was...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
Monero was in a downtrend that could see the crypto-asset lose a level of support to the bears. Polkadot was trading within a relatively tight range over the past few days and could continue to do so over the next few trading sessions. VeChain had a bullish outlook in the near-term as it flipped a...Read More
Bitcoin spent a large part of the past few days trading in the vicinity of $15,400. It was valued at $15,361 at press time and its sideways movement appeared to benefit some altcoins. Source: CoinStats Binance Coin appeared poised for a breakout, while IOTA’s bullish momentum faded. BAT showed a divergence that could take it...Read More
Alongside the rest of the altcoins, Cardano was a little late to the bullish rally and it did not last as long as expected. While the asset has maintained a position above $0.10 at press time, chances of a pullback below the price range is a possibility. However, the larger trend remains bullish for ADA,...Read More
