Toyota Systems, a wholly-owned IT subsidiary of Toyota Motor Corporation announced today that it is experimenting with a digital currency solution as part of a new pilot project with DeCurret, a Japanese cryptocurrency exchange. This new project involves automating payments with its private digital currency to its 2,500 staff at Toyota Systems. The payments made...Read More
Bitcoin Cash, while it shared some of the positive sentiment around Bitcoin, could be set to retest a support level, before moving north on the charts once more. Further down the crypto-ladder, IOTA formed a bullish pattern, but failed to break out upwards and it could be set to register losses over the next days. Finally,...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice While Bitcoin rallied above $13,000 once again, at press time, a few other altcoins were also making a dash for their immediate resistance levels. 10th-ranked Bitcoin SV’s price rose by 12.46 percent over the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice Tezos has struggled to relive itself from the vice grip of the market’s bears, and bullish periods for the token have been few and far between since the 2nd week of August. With a market...Read More
Tron rose above a descending trendline on its charts, but it would need to register further gains before the bulls can wrest control of the market from the bears. Cosmos was retracing its recent gains and appeared to be headed towards the $5-level once more. Finally, Crypto.com Coin could not find significant buyers after registering...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin has taken long strides in the industry over the past year, not just as an exchange token, but in many ways. The most recent one was its entry into DeFi, which, since...Read More
Bitcoin’s bullish momentum was not shared by the altcoin market. Stellar Lumens was noting bearish momentum in the short-term and it could touch $0.82 over the next few trading sessions. Algorand retested a level as resistance and could be set to see further losses on the charts. Further down the crypto-ladder, Enjin Coin strengthened its...Read More
Bitcoin’s dominance was as high as 61.85, at the time of writing, with the figure remaining resolutely above 60 for a few weeks now. This indicated that the altcoin market was not seeing as much growth as Bitcoin, which was trading at $13,149. EOS registered higher highs over the past couple of weeks, but the...Read More
Bitcoin broke past the $13,000-level over the last few days, before pulling back to $12,937, at press time. This has only furthered the cryptocurrency’s store of value narrative, with Michael Novogratz, CEO of Galaxy Digital, recently claiming that Bitcoin would not be used as a transaction currency five years from now. In fact, a lot...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice Cardano, the cryptocurrency ranked 10th on the charts, was on quite an upwards trajectory for most of the second and third quarters of 2020. Since July, however, ADA seems to be doing nothing, but correcting...Read More
Bitcoin’s dominance was recorded to be 61.75, at press time, with the index noting a figure of over 60 for a week now. In fact, Bitcoin was also noting some gains on the charts, having risen above the $13,000-level. Monero shared this bullish sentiment and was also noting gains, while Polkadot exhibited a bearish divergence....Read More
The Crypto Fear and Greed Index noted an extremely greedy figure of 76 for the day, a figure that was higher than the previous day’s 73. XRP was forming a bullish pattern right under a level of resistance, while Augur lacked the momentum to move the asset upwards or downwards on the charts. However, it...Read More
While Bitcoin did climb to $13,361 on the charts, it was soon forced to drop down to $13,016 in a matter of minutes. The decoupling of Bitcoin from traditional markets can be seen as a long-term bullish sign for the asset. Further down the crypto-ladder, Litecoin could be set to retrace some of its recent...Read More
Chainlink was recording strong gains on the charts amidst speculation that its rally could be stronger than Bitcoin’s once again, like it was in July. Bitcoin had climbed to $13,300 at press time and it might just head higher, with many other altcoins posting gains too. However, while Waves noted a bearish divergence, Dogecoin continued...Read More
With Bitcoin seemingly consolidating just below the $13,000-level, buying momentum for most alts has also subsided over the weekend. In fact, technical indicators for NEM and VeChain turned neutral from bullish as some selling pressure started to creep into the market. Cardano too seemed to lose bullish momentum as it faced rejection at a key...Read More
At the time of writing, Monero had recorded gains of just over a percent, in the last 24 hours. However, the digital asset, over the next few trading sessions, could be expected to rise towards a crucial pivot level, ensuring a bullish rally. STEEM, on the other hand, maintained a neutral outlook as consolidation possibilities...Read More
The news that Paypal would introduce its users to Bitcoin and Ethereum was considered an emphatic victory by many in the community, with the same propelling the price from $12,200 to $13,100. The on-chain metrics for the crypto-asset had been quite bullish over the past couple of weeks, but breaking news has a way of...Read More
After an extended period of uncertainty, Litecoin and Polkadot’s values registered significant gains, with both alts picking up good buying momentum on the charts. Further down the crypto-ladder, the mixed signals also coincided with bearish divergence and low market volatility, in the case of Dogecoin. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin was seen trading...Read More
Bitcoin was trading at $12,960 at press time, with Bitcoin’s market dominance holding at 61.8%, a figure that has slowly risen over the past few weeks. Ethereum shared this bullish sentiment as it conquered a strong region of resistance. However, many altcoins were unable to keep up, suggesting that traders had pulled funds from stagnant...Read More
The Crypto Fear and Greed Index noted a reading of 73 at press time as Bitcoin surged towards $13,000 and momentarily saw many large-cap altcoins follow suit. While Tron attempted to reverse its downtrend as it appeared to break past its trendline resistance, the bears were quick to enter the fray. Further, Algorand might face...Read More
Following a dip in Bitcoin’s bullish sentiment, the crypto-market also appeared to be in a phase of price consolidation. Decred, particularly, underlined a bearish setup on its trading charts, while the bulls in the Binance Coin and Augur markets appeared to give in to a brief period of price consolidation. Binance Coin [BNB] Source: BNB/USD...Read More
Ontology is in the news after it recently announced that it is building a sharded blockchain on top of Polkadot, one that connects multiple chains together across a single network. Our new collaboration with @ParityTech to integrate #DeID into @Polkadot is just kicking off! Not only will #Ontology bring cross-chain liquidity to this #Parachain, but...Read More
Bitcoin SV’s fortunes don’t seem to be getting any better as the year progresses. Its press time trading price was a far cry from its early-2020 valuation after it seemingly peaked in August. Following the same, BSV has continued to depreciate over the past few months. However, the question still remains – Can the cryptocurrency...Read More
EOS was trading above a level of support on the charts, but buying volumes for the crypto-asset were falling. Further down the crypto-ladder, IOTA seemed to be forming a bullish pattern, but it wasn’t complete yet. A drop in IOTA’s value would invalidate the same. Compound was on a short-term uptrend and its direction in...Read More
During a recent AMA with IOTA’s founders, Dominik Schiener and David Sonstebo shared some insights for the community and the larger crypto-space concerning IOTA’s progress in the wake of Chrysalis phase 2’s launch. An important step in the development of the IOTA protocol is the roll-out of Coordicide – IOTA’s scalable distributed ledger, on the...Read More
Tezos was trading within a tight price range as the market’s bulls valiantly defended a critical region of support. Ontology’s movement exhibited the potential to break out upwards while Maker was on an uptrend. Tezos [XTZ] Source: XTZ/USD on TradingView Highlighted on the attached chart is the demand zone. The cryptocurrency’s price dipped briefly beneath...Read More
Interestingly, at the time of writing, the bullish sentiment for the market’s altcoins seemed to be nearing an end after the Bitcoin bulls too, entered a cooldown period. This indicated that post a brief price surge, a south-bound trend was visible in EOS and Stellar Lumens (XLM). Despite this, the XLM market continued to be...Read More
As the crypto market displayed strong buying sentiment, the bullish trend added to the valuations of most altcoins for a third consecutive day. Maker gained almost 3.5 % in its valuation since yesterday, signaling bullishness in the short-term period. XRP too sided with the bulls noting some gains on its trading charts. While for Ontology the...Read More
Stablecoins are hotter than ever, with Tether’s trade volume surpassing Bitcoin’s by 55% in the past 24 hours. Led by surges in the USDC and USDT, the total number of stablecoin daily active addresses has topped 265K. Stablecoin Active Address || Source: Coinmetrics The above chart by Coinmetrics is smoothed using a 7-day rolling average....Read More
Calling the prospects of introducing a CBDC in Russia “very real,” head of the Central Bank of Russia Elvira Nabiullina said on Friday, a pilot launch of the Russian CBDC, or the digital ruble, “is possible” at the end of 2021. The news follows a recent opinion of an official from the Russian Central Bank’s...Read More
