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 value of Bitcoin Cash has been on a downward trajectory since the news about the OKEx fiasco unraveled. The sudden fall was followed by a gradual descending price which...Read More
To improve its base protocol, developers of Monero (XMR), a privacy-focused cryptocurrency, announced a network ‘Oxygen Orion’ upgrade, which will implement a new software- the linkable ring signature protocol- called ‘CLSAG,’ to make transactions “lighter and faster.” CLSAG (or compact linkable spontaneous anonymous group) feature is said to reduce average transaction “size” by approximately 25%...Read More
The Crypto Fear and Greed Index stood at 56 as Bitcoin held onto the $11,300 price level. The narrative of “Bitcoin is a hedge against inflation” was just one of many reasons that giants in the financial services sector or other investors acquired Bitcoin. Bitcoin serving no “singular” purpose, but multiple ones were bullish for...Read More
During press time, the entire market seemed to be on a downward trajectory. The global crypto market cap followed the trail recording almost a percent in daily decline. VeChain and EOS were poised for a southward price action towards their support levels, as mounting bearish pressure and low buying volumes existed for the two digital...Read More
Binance Coin despite its immediate bearishness on the hourly charts, remained strong in terms of buying volumes, that might help BNB in its price recovery over the next few days. Cosmos too, although bearish for the day, could be poised for price recovery soon, given its overall uptrend and weak selling pressure. While Stellar Lumens indicated...Read More
Plaintiff Dmitry Dolgov, a resident of Moscow, Russia has filed another lawsuit against crypto exchange BitMEX for violating regulations and manipulating markets with legal claims amounting to $50 million. The lawsuit alleged that HDR Global Trading Limited, the company that owns and operates BitMEX, violated know your customer and anti-money laundering policies, which caused hackers...Read More
For Bitcoin SV, breaching above $165 has become a formidable task. Since the start of September, the valuation has attained a position above $165, only to face a subsequent drop below the resistance. Over the past few days, a similar trend has followed in spite of its legitimacy to remain above $165. Bitcoin SV had...Read More
Corrections seemed to be the norm across the board, at the time of writing, after most of the market’s altcoins depreciated on the charts as Bitcoin consolidated its own position. While the likes of Tezos, IOTA, and Crypto.com Coin did climb on the back of Bitcoin’s movement, these alts were soon on their way down...Read More
After the launch of Filecoin mainnet, CEO of Tron and BitTorrent Justin Sun accused the Filecoin developers of employing an exit scam strategy by selling 1.5 million of their FIL tokens at a steep price of $200, without any consent from the community. It is not clear how Justin Sun has calculated the aforementioned selling...Read More
Coinbase has published a “transparency report” that also revealed how the leading crypto exchange has received 1,914 “legitimate government” requests in 2020. According to Coinbase, these requests mainly came in the form of subpoenas and sometimes included search warrants and court orders. About 90% of these “transparency” requests were sent from the U.S., the U.K.,...Read More
Chief Security Officer at cryptocurrency exchange Kraken, Nicholas J. Percoco alerted users today about a scam that was targeting crypto users, which involved a homograph phishing attack and “multiple” people who were pretending to be Kraken employees. Percoco further alleged that people named Liz Cohen, Darin Zumberi or Jing Kang were posing as Kraken employees and...Read More
The bullish rally at the end of July was pretty significant for Ethereum. The valuation jumped above $250, $300, $350, and eventually surpassed $400 after more than 2-years. Ethereum’s rally was so dominant that options trader expected Ethereum to impute more volatility than Bitcoin itself. ETH-BTC 3 months realized vol spread on 27th July was...Read More
Cryptocurrency trading platform Bitfinex announced today that it has made staking rewards available for Polkadot (DOT), the native token of Polkadot blockchain, which would allow DOT token holders on the Bitfinex platform to earn rewards of up to 14 percent per year, according to a release shared with AMBCrypto. The staked DOT tokens will be...Read More
Despite its falling market share and market dominance over the past few months, Bitcoin continues to exert a lot of influence on the altcoin market. However, while BTC does indeed share high correlation stats with many altcoins, its influence isn’t uniform across the board. The same was evidenced when Tron, Basic Attention Token, and Dogecoin’s...Read More
Ripple’s third annual Blockchain in Payments report had some interesting revelations regarding digital asset adoption globally. Despite the ongoing global pandemic, 79% of businesses reported growth in 2020, with 44% stating that innovation in payment technology is a key growth driver. According to the report, there were four key benefits driving blockchain adoption, namely, improved...Read More
Despite talk of an altseason rearing its head a few months ago, it would seem now that most of the market’s altcoins have reverted back to following Bitcoin’s lead. The world’s largest cryptocurrency fell below $11k in the first week of October, following which, BTC was quick to climb and hold a position above the...Read More
Hackers have compromised “almost 2,000” Robinhood Markets Inc trading accounts in the recent cyberattacks spree that have stolen funds from crypto users, according to anonymous sources who provided the estimated figures. While Robinhood has not yet made the news public, it did however send a push notification to its users this week that encouraged them...Read More
As mentioned in a previous article, Litecoin‘s price has followed through with a bullish breakout. This changed the previously ambiguous situation into a bullish one. A deeper look into Litecoin’s price movement and indicators will reveal what the bulls/bears have in store for LTC. Litecoin 1-day chart Source: LTCUSD on TradingView The one-day chart for...Read More
When we talk about the accumulation of crypto-assets, only one corporation comes to mind this year – Grayscale Trust. In 2020 alone, Grayscale has accumulated more than 300,000 BTC, while also introducing a new digital asset trust associated with Litecoin. In fact, according to reports, the firm has registered over $1 billion in inflows in...Read More
New Zealand police have arrested a 40-year-old resident for money laundering charges today, which include thousands of dollars worth of cryptocurrency. The unnamed resident from Auckland was granted interim name suppression by Community Magistrate Dianne Hale. He faces 30 charges, some of which allege that he laundered funds by purchasing luxury cars and property as...Read More
Polkadot has struggled somewhat to record a surge in price after the DeFi craze died out. However, the cryptocurrency seems to have good potential for a scalp, but the bulls need to pull through for the same as this pump isn’t going to be easy. At press time, DOT was barely holding above $4, and...Read More
Libra Association, the independent member organization, which is overseeing Facebook’s Libra project, has appointed former HSBC executive Ian Jenkins as the Chief Financial Officer and Chief Risk Officer of Libra Networks, the Association’s subsidiary. Back in September, the San Francisco-based venture firm, Blockchain Capital joined Libra Association to advise on the Association’s creation of its...Read More
While the altcoin Enjin continued to record losses as it fell below crucial support levels, Waves remained bullish after it recorded heavy buying pressure on its trading charts. Cardano, on the contrary, could repeat its bullish trend from a few days ago. In fact, Enjin was seen forming a bearish rectangle pattern, one that might...Read More
Tezos has been on a recovery run since its price plummeted by close to 35 percent in the first week of September. While its price performance from a few months back seems like a far cry now, during the course of the past week, the coin managed to rake in the gains. However, is the...Read More
The overall bullishness in the crypto-market seemed to be cooling off, at the time of writing, with the market’s movements mirroring Bitcoin’s bearish trading setups over the previous week. That’s not all, however, as quite a few of the market’s altcoins were picking up on Bitcoin’s bearishness, with the likes of EOS, Ontology, and Maker...Read More
Algorand Europe Accelerator was launched today to support early-stage projects looking to build applications on the Algorand platform. It is the first Europe-focused accelerator for developers and entrepreneurs building on Algorand and will provide an array of tools and resources for creating decentralized applications. According to a press release received by AMBCrypto, the accelerator, which...Read More
During the second week of October in response to Bitcoin’s negative momentum the altcoin market witnessed a downfall yet again. The same bearishness was visible on the daily charts of Crypto.com coin as it lost nearly 10% in the last two days. Tezos and Digibyte too recorded mounting selling pressure, with the two digital assets at the...Read More
Hollywood has been known to be illiquid, a fact that first resonated with film producer and businessman Christopher Woodrow who launched the MovieCoin token. Following this, the trend, it seems, has only grown. The Liechtenstein Cryptoassets Exchange, or LCX, announced today that the platform would provide issuance of a new movie token dubbed RVW, which...Read More
At the time of writing, Bitcoin Cash witnessed a dip in its buying pressure and investors could benefit from the BCH market’s overall bullishness. The recent dip may be an optimal entry point, as the digital asset is poised for good returns in the short term. The Monero market too, was bullish on its daily...Read More
Chainlink experienced a minor correction and could be set to surge once more, while The Crypto Fear and Greed Index stood at a neutral value of 53, compared to the previous day’s 56. Bitcoin touched $11,800 and formed a higher low at the $11,400 region. The sentiment did not carry over to Tron, which set...Read More
