The current market can be described as volatile and a race to join the bullish market for many altcoins. The altcoin market appeared to be largely unaffected by the massive rally in the Bitcoin market. At press time Bitcoin was being traded at $15,503 with a 24-hour trading volume of $35.4 billion. Source: CoinStats Most...Read More
COVID-19 pandemic has, among other things, severely affected global markets and with regard to the pandemic’s consequences, several representatives convened at an online meeting of Central Bank Governors’ Club, hosted this week by Elvira Nabiullina, the Governor of the Bank of Russia. At the meeting, representatives from central banks across the globe discussed the pandemic’s...Read More
The rally is on and the crypto community awaits most altcoins to join the rally with Bitcoin. Currently, most alts have been lagging and witnessing bearish sentiment. However, given the correlation with the largest asset, the alt season may not be far away. Some alts have already started to realign themselves for a bullish turn...Read More
Digital asset bank Sygnum announced today that it launched custody, trading, credit as well as staking services for Tezos blockchain’s native XTZ token. Through its new staking services feature, Sygnum said it would offer up to 5% annual rewards for staking XTZ: For the first time, XTZ can be deposited and staked with a regulated...Read More
A case of better late than never, the altcoin market is finally rallying behind Bitcoin, and Litecoin is following suit. With Bitcoin consolidating above $15,000 for the first time in 2020, LTC was trying to find its feet in the market. While uncertainty might plague its immediate trend, in the long-term Litecoin might re-test its...Read More
Bitcoin Cash has been preparing for a hard fork which may result in the formation of a new token. However, unlike Bitcoin, the BCH market had been moving downwards. This was something visible across most alts, as BTC value grew stronger, the same was not mirrored by the alts, as most of them remained under...Read More
Canada’s federal tax collection service, the Canada Revenue Agency (CRA) is asking a judge to force Toronto-based cryptocurrency exchange Coinsquare to hand over information and certain documents about all of the platform’s clients using the platform since early 2013. CRA intended to use this information to help fight against tax fraud and the underground economy....Read More
The altcoins have received a new lease on life, as the price of Bitcoin has surpassed $15k. This price has not been seen after the bull run observed in 2017/18, and as the largest asset tests new resistances, the altcoin market has also been marching. XRP Source: XRP/USD on TradingView The above one hour chart...Read More
Cryptocurrency exchange OKEx shared an update today stating that it has now hired an “external legal counsel” to help resume withdrawals it halted on 16 October, which had left many traders frustrated. In its 6 November, announcement OKEx said that it has even contacted some private key holders. Again declaring that its users’ funds were...Read More
An analytics firm has claimed today they found an increasing number of reports from XRP holders who seem to be falling victim to a new scam. XRP Forensics published a tweet on 5 November that warned XRP community to “stay alert.” We [XRPlorer] also see an uptick in reports of stolen XRP as a result...Read More
Bitcoin Cash is leading in the monthly returns category with a 5.99% surge, following it is FTX’s FTT with a -5.16% while ONT has suffered a lot with 34.54% drop since October 1. Let’s take a look at how these coins might perform in November. Bitcoin Cash [BCH] Source: BCHUSD TradingView The 4-hour chart showed...Read More
US Department of Justice announced that it has seized $24 million in cryptocurrencies through a collaboration with the Brazilian federal police investigation pertaining to a cryptocurrency scam operation dubbed “Operation Egypto.” According to the DOJ notice, US law enforcement seized the crypto after the government of Brazil made a request for help with the aforementioned...Read More
Bitcoin SV registered a local bottom at $144 on 3rd November but since then the asset has rallied back above $150. Just like the rest of the altcoin market, BSV is struggling to rally behind Bitcoin but on the short-term chart, it may indicate a bullish move over the next few hours. At the moment,...Read More
Ethereum 2.0 is finally undertaking fundamental strides in the developmental direction. Through months of anticipation, delayed launches, online spats with other proponents (i.e BTC maximalists), deposit contract for ETH 2.0 was finally deployed by the community. The immediate effect of the announcement was emphatic. Reports suggested that $1 million worth of ETH was locked in...Read More
XRP, Dash, and Compound have all had a bad last month. XRP is down the least -2.94% while Dash is down -2.28% and Compound by -29.17%. This is obvious considering bitcoin’s stellar performance in the month of October, which has even outpaced the likes of FAANGs. XRP Source: XRPUSD TradingView XRP is still the fourth-largest...Read More
In anticipation of the upcoming hard fork of Bitcoin Cash (BCH), Hardware wallet manufacturer, Trezor announced that it “will not be supporting any coin split that may result from it.” Our official announcement regarding Bitcoin Cash hard fork. Trezor will not be supporting any coin split that may result from it. Read the full statement...Read More
Out of Ethereum, Tezos, and Maker, only the king of altcoins has positive performance in the last month. ETH has seen a surge of 14.34% while XTZ and MKR are -15.76% and 8.49%. Let’s take a look at these coins individually and if they are bullish or bearish. Ethereum [ETH] Source: ETHUSD TradingView Ethereum 2.0...Read More
En + Group has entered the crypto mining space in a joint venture with bitcoin miner hosting provider BitRiver. Reportedly, the joint venture known as Bit + already saw its first phase of a bitcoin mining facility set up and running with over 10 megawatt-hours of capacity provided by En + The two partners plan...Read More
Percent Finance, a community-owned fork of Compound Finance, announced today that some of their money markets experienced an issue that could lead to permanent locking of users’ funds. Reportedly, close to $1 million worth of user funds on the platform are stuck in money market smart contracts. Source: Percent Finance on Medium The amount locked...Read More
Major blockchain engineering company IOHK announced that it will sponsor the newly-created Haskell Foundation, which is dedicated to broadening adoption of the Haskell programming language. IOHK said it would donate $125,000 to the foundation which was launched at the Haskell eXchange virtual conference on 4 November. With this move, IOHK will be Haskell Foundation’s largest...Read More
The Crypto Fear and Greed Index actually showed a rise from 71 to 74 on the previous day as the US Presidential Election continued to progress with a winner not yet officially announced. Markets hate uncertainty, yet the bullish sentiment appeared stronger. On the charts, Chainlink continued to trend lower as it nestled above a...Read More
Bitcoin Dominance was at 64.75, after briefly spiking as high as 64.95 the previous day. The altcoin market saw crypto-assets slide downward more. Bitcoin Cash continued to post losses as it headed down toward a level of support, and bears were in control of the BCH markets. IOTA and Dogecoin were trading above a level...Read More
Chinese financial services corporation, China UnionPay, which is similar to major card providers like Visa and Mastercard, has announced a partnership with South Korean payment provider Danal to launch a cryptocurrency-supporting digital card. Danal will offer its Paycoin cryptocurrency as an option on the new prepaid mobile card which will be accessible via Danal’s cryptocurrency wallet....Read More
While volatility is prevalent for all altcoins at the moment, Cardano is currently dealing with the bearish side of the market, re-testing its monthly support of $0.089 in the charts. While the valuation managed to pull itself back up at press time, the level of uncertainty continues to rise as we are looking forward to...Read More
While Bitcoin is currently rallying towards a position above $14,000, the rest of the altcoins are struggling to find their bullish groove. Source: CoinStats With most altcoin depreciating over the past 24-hours, the market structure for Crypto.com Coin, Tezos, and Algorand was no different. Facing strong resistance right above their price range, the short-term analysis...Read More
Bitcoin reached as high as $14,049 in the past 24 hours and was trading at $13,807 at press time. Bitcoin’s hold above $13,700 could inspire confidence and perhaps even FOMO among investors in the coming days, especially if the coin moves past $14,000 with strength. This bullish sentiment did not extend to most other large-cap...Read More
Ethereum avoided a drop beneath $370 over the past week, and its charts highlighted two critical, imminent zones of support and resistance that could decide the direction of the market in the coming weeks. Filecoin was in a phase of consolidation just above support, while Ontology continued its downtrend. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. The votes are being counted and with every wick forming in the stock market, a future is being forecasted. For now, the crypto market has been experiencing a minimal drop,...Read More
Bitcoin closed a trading session above $14,000 but was unable to hold on to the level. However, this was still quite a recovery from yesterday’s dip as low as $13,200. XRP and EOS faced strong bearish momentum and could drop to a level of support, while Basic Attention Token appeared likely to lack momentum toward...Read More
The bears seemed to have had a significant impact on the prices of altcoins today. Barring Bitcoin, most of the entire crypto market was once again painted in red. Bitcoin at press time was being traded at $13,491 with a 24-hour trading volume of $298 billion. Source: CoinStats Both Bitcoin SV (BSV) and FTX Token...Read More
