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
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. Unlike the remaining market, EOS’ price did not respond to the ongoing pump. The value of the digital asset has been consolidating ever since the March crash and noted a brief...Read More
There was some bullish sentiment toward the crypto markets as Bitcoin trended higher, alongside news of institutional interest. Ethereum faced a crucial level of resistance, while IOTA approached a level of resistance with strong momentum while BitTorrent formed a bearish pattern. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum was trading within a rectangle bottom (cyan)....Read More
XRP had formed a bullish pattern but was rejected and the pattern invalidated as the asset looked to be headed south. VeChain appeared to have lost a level of support it had held tenuously over the past few days. FTX Token surged to reach a level of resistance after breaking out of a month-long downtrend...Read More
While XRP has struggled to get on the immediate bullish scene with the rest of the industry, its long-term credentials were playing right in its path. With the price consolidating above the immediate support of $0.230 after the crash on October 1st, the valuation has done well to keep a position above $0.249. While it...Read More
Cardano looks bearish on both the short and medium-term time frames. On both these time frames, Cardano is hinting at a bearish breakout from rising wedges. This fate is not exclusive to ADA but to most altcoins. Defi coins like Sushi, YFI, etc are all on a continuous downtrend. These coins look like bitcoin for...Read More
The three digital assets, Bitcoin SV, Zcash, and Compound showed bearish signals throughout the day. With over 5% in losses since yesterday, for Zcash and Compound, strong selling pressure could last longer for the two coins. Bitcoin SV on the other hand, while also witnessing a sell-off, dipped only slightly after finally breaking out of...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s short-term market and its impact on the price. The Bitcoin Cash price has been recovering from its early September drop. This recovery was set rolling over the past couple of days when the Awesome Oscillator indicator went above the...Read More
Binance Coin, a native token created to help traders pay for fees on Binance has comfortably established its position in the top-10 crypto this year. During mid-September, the digital asset was able to register its all-time high valuation of $33.83 but within a week, it shed more than 30%, dropping down to $22 on 21st...Read More
Bitcoin Dominance has slowly decreased in the past few days, from 59.99 to 59.69 at press time. Bitcoin surged from a low of $11,250 to a high of $11,750 in the past couple of days. Source: CoinStats The higher lows Bitcoin sets could see a bullish scenario develop for the altcoin market as well. Litecoin...Read More
Positive trends and strong fundamentals seemed to be on the side of the three alts XRP, DASH and Compound. Moving averages favored a bullish trend for XRP. DASH too was favored by the buying sentiment, as a bullish rectangle pattern started to emerge on its daily chart. Compound, on the other hand, displayed low levels of...Read More
Bank of Russia has suggested a possibility of issuing its own central bank digital currency, the digital ruble, in a new report published by the central bank today. The digital ruble will be an electronic version of the Russian national currency and will complement cash. The bank said that users will be able to use digital...Read More
Chainlink witnessed a small price correction, but the digital asset looks poised for some gains, with a bullish recovery around the corner. Zcash experienced weak selling pressure, in the midst of a highly volatile scenario. While a positive reversal was expected, prices could move in either direction. DigiByte’s technical indicators suggested a clear bearish scenario for...Read More
EOS had recent positive fundamental developments that propelled price upward for the asset, although there were some signs of bearishness. VeChain faced significant resistance to any immediate hike in price and might lose a level of support if Bitcoin headed south. BitTorrent had a healthy amount of buyers in the market and might be working...Read More
Leaders from G7 intergovernmental economic organization cautioned against global surge in ransomware attacks that involved crypto payments as ransom money. These ransomware attackers often demanded payments “primarily” in cryptocurrency which according to the G7 facilitated money laundering. G7 believed that attacks had intensified over the last two years and the ongoing pandemic could make the...Read More
