Owner of the Bitfinex crypto exchange, iFinex announced today integration with cross-chain system pNetwork (pTokens network) which would enable BTC, ETH and LTC to automatically be tokenized, and moved on to DeFi blockchains directly from the Bitfinex platform. pNetwork is the decentralized governance layer operating the pTokens bridges. pTokens makes cryptocurrencies “compatible” with blockchains, such...Read More
In what is a significant development, Algorand will be partnering with VeriTX to build a digital marketplace for Aerospace Manufacturing. In a recent announcement, VeriTX Corp, a marketplace for digital assets enabling decentralized manufacturing, said it will develop a digital supply chain for aircraft parts using Algorand‘s blockchain technology. The VeriTX digital marketplace allows customers...Read More
Binance Coin’s price on the charts has been on a steady uptrend for a few months now. The past 24-hours further strengthened this narrative as the price saw a 2.5 percent hike. With the coin’s price action being limited to an ascending channel formation a downward breakout for the coin cannot be ruled out. At...Read More
Proving to be one of the market’s top-performing digital assets on the charts, Bitcoin Cash was quick to add over 6% to its value in lieu of the prevailing bull market. Decred too was painted in green, with northbound price momentum in the DCR market likely to push the cryptocurrency towards its immediate resistance level....Read More
Barring a few digital assets such as Zcash that continued to remain bearish, a swirl of bullish momentum was witnessed in the rest of the crypto market. Towards the end of the day, Bitcoin too gained over 3% since yesterday. Noting some losses in Zcash, impressive bullish sentiments were visible on the trading charts of...Read More
It seems that not everybody from the crypto community has warmed up to PayPal’s decision to venture into the crypto market. In a tweet calling out the payment giant’s move into crypto, Ripple CEO Brad Garlinghouse said he was disappointed with Paypal’s upcoming crypto integration since he believed this would spur the benefits of crypto...Read More
After witnessing a brief sell-off period just two days back, the privacy coin Monero regained its bullishness. The presence of bearish sentiment was confirmed by the moving averages for Crypto.com Coin, with the digital asset falling back to its June 2019 lows. Given Synthetix’s persistent downtrend and a clear bearish outlook, the SNX market was likely...Read More
With several blockchains integrating the USDC stablecoin last week, crypto payments tech firm Circle announced today that it would now make the dollar-backed stablecoin available for the Solana blockchain, after partnering with the firm. According to Circle, Solana, the blockchain behind decentralized exchange Serum, supports up to 50,000 transactions per second (tps). This surpasses Ethereum’s...Read More
Binance Coin broke beneath its uptrend of the past month, although this could be a temporary haven for the asset than a reversal in trend. Cosmos had bearish momentum while Dash experienced a period of high volatility and registered big gains but was unable to hold on to them all. Binance Coin [BNB] Source: BNB/USDT...Read More
A favorable week for Bitcoin in which the coin witnessed a price hike of 7% at press time. While Ethereum’s price hasn’t set the market on fire, its on-chain numbers were better over the past week in comparison to Bitcoin. Coinmetrics’ recent report suggested that Bitcoin’s active addresses were down by 2.7% and its transaction...Read More
With a bullish sentiment reaffirmed by EOS’s technical indicators, the altcoin was on its way to breach a key resistance level over the next few trading sessions. IOTA traders speculated the rise of bullish sentiment, but a weakening buying sentiment could soon cause a trend reversal for the altcoin. FTX token, on the other hand,...Read More
Cryptocurrency exchange OKEx has shared an update today again declaring that its users were safe and that it would resume trading from 12:00 pm UTC onwards for certain fiat pairs such as CNY, INR and VND. It further added that the exchange will be reactivating its ‘Buy Crypto’ fiat gateway at the aforementioned time. However,...Read More
Bitcoin Cash has moved back up to 5th in the charts after dropping down to 8th a few weeks earlier, and now the asset indicated a return of collective volatility alongside the market. While the asset tested $267 earlier this week, currently it is consolidation near $250. With the trend gunning for another breach above,...Read More
XRP hasn’t been able to rally behind Bitcoin over the past week but the altcoin has kept pace in the short-term trend. Currently breaking above immediate resistance at $0.244, XRP is looking to enter an important transition range at the present moment, which may direct the imminent short-term market. XRP is currently valued at $0.249...Read More
“A portfolio built completely with cryptocurrencies” – to a traditional portfolio manager, is a nightmare in terms of risk and drawdowns. However, to a person that has been in crypto over the last 3-4 years, this seems like a cakewalk. While the traditional portfolio does include Emerging Markets, that, in a way, is similar to...Read More
EOS, like many altcoins, saw a considerable surge yesterday following in bitcoin’s footsteps. This copy-surge must come to an end and soon it will, especially considering how both EOS and BTC’s price is developing right now. Overall, the short-term scenario for EOS looks bearish and this is not the right time to FOMO-in on either...Read More
Bitcoin is enjoying several consecutive bullish days, resulting in a break above $12,000. The movement may surprise some. A few days ago, news broke that the popular cryptocurrency exchange OKEx had suspended withdrawals after reports emerged that its founder was taken away by the police. In early October, the owners of another large platform, namely...Read More
As Bitcoin closed above $12,000 once more, it was pertinent to ask if the altcoin market would follow. Would traders sell altcoins to follow Bitcoin’s gains? The rising Bitcoin Dominance suggested, yes. Bitcoin SV formed a bullish divergence and made gains in the past few hours, while Stellar Lumens witnessed strong buying volume. Dogecoin was...Read More
Bitcoin shot past $12k and was trading at $12,239 at press time. Crypto Fear and Greed Index stood at 61, indicating growing greed in the market. Bitcoin Dominance rose to 61.75, as Ethereum posted gains and approached a strong level of resistance. Selling pressure did not relent on Tron while Basic Attention Token showed a...Read More
Despite an uptrend witnessed during the morning session and gains recorded by Bitcoin, the cryptocurrency market sustained heavy losses as most of the digital assets were painted in red towards the day’s end. Chainlink was down by almost 4.5% at press time with the digital asset seen hovering just above its immediate support level. The...Read More
New research about Russia’s retail investment market indicates a prevalence of investment in cryptocurrencies and has ranked crypto as the fifth most popular investment asset, after savings accounts, foreign currencies, real estate, and life insurance. With a quarter of Russia’s investments being carried out online, cryptocurrencies led the way with nearly 80% which were being...Read More
Bitcoin surged to touch $11,800 and Crypto Fear and Greed Index stood at 56. A positive correlation with gold and S&P500 could drag Bitcoin down in the coming weeks, due to uncertainty in the economy and the upcoming US elections. Cardano hinted it was in a period of low volatility while Zcash and DigiByte have...Read More
At press time, Bitcoin Cash was slightly down compared to the previous day by close to a percent, coinciding with weakening buying pressure in the digital asset. The Bitcoin cash market could thus be expected to record losses for a few more trading sessions until the bulls manage to solidify the buying momentum. Further down...Read More
A survey among over 2,000 Russian investors has placed cryptocurrency next to gold in terms of popularity. Moreover, younger investors aged below 30 have displayed significant favoritism towards digital assets. Crypto Ranks Above Gold Among Russian Investors According to the study published by the World Gold Council, investors from the world’s largest country by landmass...Read More
Despite its 10% gain over the day and being a top-performing asset, the bull market in DASH was likely to turn around soon, as key technical indicators hinted towards a price correction. Binance Coin noted some bearishness on the charts, while also maintaining the possibility of a positive price reversal. Tezos, on the other hand,...Read More
“Ethereum 2.0 phase 0 to be launched at the end of 2019. . . .January 2020. . . .July 2020. . .September 2020. . .November 2020?” The digital asset class has created a very unique community over the years. While a person would rarely hear another one promoting investments in Gold, Silver, or whatnot, proponents...Read More
Crypto.com Coin was already in a strong wave of selling pressure before Bitcoin’s recent break toward $12,000 further pulled capital out of the altcoin market. At press time the king coin was trading at $11,766 with a 24-hour trading volume of $132.6 billion. Source: CoinStats FTX Token faced a critical resistance it has been unable...Read More
Investing can be a daunting task, be it a newbie or an experienced investor. This involves selecting different assets that gel well with each other and return a good profit. An extension of investing is creating and maintaining portfolios. What makes a portfolio? Creating a portfolio is the opposite of putting all your eggs in...Read More
Bitcoin was trading at $11,899 at press time, and Bitcoin Dominance was rising alongside. This generally spells trouble for the altcoin market. Bitcoin SV dropped beneath a range it was trading within for the past couple of weeks, and Compound continued to tumble. BitTorrent appeared to be making some gains but fell beneath trendline support....Read More
German politician Burkhard Balz who is a member of the German central bank’s executive board said in a speech today that the decision to launch the digital currency was politically motivated. The official’s stance on the digital currency contradicts the European Central Bank’s intentions to launch a CBDC. In recent events, plans to launch digital...Read More
