October is off to an interesting start, as news of charges against BitMEX by the CFTC and DOJ come to light – with the arrest of Arthur Hayes and three co-owners of the BitMEX exchange. The exchange that handles over $1.5 billion of trades each day, has been charged by the CFTC for operating an...Read More
Several altcoins are closely treading along Bitcoin’s price movements, had witnessed a return of buying sentiment, pushing the price above key support levels during the last week of September. At press time Bitcoin was being traded at $10,860 after having noted a 1.1 percent hike in the past 24-hours. Source: CoinStats After a massive price...Read More
Even though Tether [USDT] had been the popular choice among cryptocurrencies with a large fraction of supply share, other stablecoins have all been witnessing growing prominence. Among these was Dai, created via the Maker Dao stablecoin system and USDC. Although the use of Dai was mainly limited to the Defi ecosystem it has been witnessing...Read More
Fueled by strong buying momentum all three altcoins Cardano, Monero and Ontology gave appreciable returns to their investors during the last 48 hours. Monero was poised for a fresh ATH in its bullish run, while Cardano and Ontology witnessed positive uptrends helping the digital assets with price recovery. Cardano [ADA] Source: ADA/USD on TradingView According...Read More
Bitcoin, defi, or crypto in general, is a very volatile market. Depending on how acquainted one is with the market, there are opportunities to make huge profits. This article is, in sorts, a continuation of the article that talks about risk management in crypto trading. Bitcoin and bubbles The crypto market serves a wide variety...Read More
Tezos Stable Technologies (StableTech), the nonshareholder foundation for DeFi on Tezos has received investment from blockchain-focused VC firm Draper Goren Holm, according to a report published today. The amount of funds in question was not mentioned in the announcement. However, back in 2017, Tim Draper, the namesake of the VC firm had invested in the...Read More
A beginning of a new month may change the look of the market for most cryptocurrencies. Especially now that we have kicked-off the final quarter, the anticipation for a rally or a dump may become visible. To gauge the market, volatility also plays a role, while a lack of it indicated consolidation, the presence meant...Read More
The IOTA Foundation announced the launch of IOTA Access, an open-source DLT framework for building policy-based access control systems and enabling pay-per-use functionalities at the edge. IOTA Access, a project which was three years in the making, is designed to bring fine-grained access control to any machine, device, or building without relying on a centralized...Read More
Blockstack PBC, the first company with an SEC-regulated cryptocurrency (STX), is joining forces with Chainlink to integrate Chainlink as the preferred oracle solution for the Blockstack and Algorand-supported Clarity smart contract language. Blockstack CEO, Muneeb Ali, indicated that this was clearly their top choice when thinking about Oracles for Stacks 2.0, stating that, “Stacks 2.0 is a...Read More
The multi-asset, regulated platform, eToro has announced today that it will introduce its new staking service for Cardano (ADA) from this month onwards, according to a release emailed to AMBCrypto. The move comes after the IOHK led Cardano blockchain also introduced its own staking pools that also had IOHK incentivize Cardano holders to begin staking...Read More
A swirl of bullish momentum was seen in the entire crypto market as each of the top 15 cryptocurrencies recorded gains in the last 24 hours. For COSMOS and DASH, the rally displayed impressive bullish sentiment, while Chainlink displayed bearishness, as its recovery attempt to gain positive momentum remained rather sluggish. Chainlink [LINK] Source: LINK/USD...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the EOS short-term market and its impact on the price. The month of September saw cryptos mostly consolidating or recovering from the sudden sell-offs. Most major cryptos have been able to recover positively over the past week, EOS has also been seeing its price...Read More
SingularityNET, a decentralized platform for AI apps, has announced its plans to move a significant portion of its network from Ethereum to the IOHK-led Cardano blockchain, in the wake of Cardano’s upcoming updates that include the Plutus smart contracts framework, the firm said. As part of a detailed announcement, the platform also highlighted the...Read More
Tezos appeared to resume its larger downtrend and was likely headed to a lower price point after facing another wave of selling pressure. DigiByte appeared to be in a period of consolidation. EOS indicated a possibility of rising above resistance to flip the level to support, but the market was undecided at the time of...Read More
Crypto.com Coin was ambivalent at press time, with no overall direction to its movement in the past few days. This could change in favor of the bears shortly. Stellar Lumens formed a bullish pattern and could have the bullish momentum to flip resistance in the next few hours. Synthetix Network Token showed bearishness and was...Read More
The crypto market as a whole displayed a sense of divergence in the charts at the time of writing, with Bitcoin SV witnessing appreciable gains on one hand, while on the other, alts such as IOTA and Dogecoin were trading below crucial pivot levels. Bitcoin SV [BSV] Source: BSV/USD on TradingView Over the last 24...Read More
While Bitcoin and Ethereum appeared to hold fort on the charts, other altcoins were undergoing a severe period of price drops yet again in the industry. Consistent bearish pressure became an unavoidable situation in September 2020, as Chainlink, Ontology, and FTX token experienced another period of depreciation over the past day. Chainlink [LINK] Source: LINK/USD...Read More
For XRP maintaining a position above $0.22 is extremely important at the moment. As indicated earlier, the long-term bullish rally is dependent on its mediation above this price range and XRP’s recent re-test at this support raised a few concerns. With the price currently near $0.24, some of the nerves have settled down but the...Read More
While DeFi has been one of the keywords of the year for the digital asset industry, Wrapped Bitcoins or WBTC has been one of the definite highlights of the Decentralized Finance space. The growth of WBTC has been nothing less than extraordinary, and at the time of writing the total valued locked in WBTC is...Read More
Ethereum neared a level of resistance while forming a bearish pattern. Longer time-frame analysis showed that the asset appeared bearish. VeChain continued to form higher lows and though it lacked momentum at the time of writing, the next few days could see a rise for VET. Maker showed signs of bullishness and could seek to...Read More
Polkadot could face significant levels of resistance in the coming trading sessions that might prove too strong for DOT to surmount. Dash was unable to flip a level of resistance and was likely headed for a drop towards its support. Tron showed strong signs of bearishness in the near-term. Polkadot [DOT] Source: DOT/USDT on TradingView...Read More
Venezuela’s cryptocurrency story continues as the country’s President Nicolas Maduro has presented new use cases. A recent report informed that the South American nation is studying the possibility of using digital assets in trades alongside the national Petro. President Maduro has presented new anti-sanctions law in the Constituent National Assembly. In a recent speech, he...Read More
French authorities have arrested 29 people allegedly operating a sophisticated network of funding jihadists and al-Qaeda members with cryptocurrencies. The police suspected that the network has been active for over a year and has funded terrorist organizations for hundreds of thousands of euros. French Police Arrests 29 People According to the report, France opened an...Read More
Bitcoin made another attempt at $11,000 but couldn’t reach past $10,856 before facing rejection. At press time the coin was being traded at $10,727 after having seen a minor hike of 0.33 percent in the past 24-hours. Source: CoinStats Litecoin surged above a level of resistance and could continue to rise in the coming hours...Read More
With the world’s largest altcoin Ethereum priced above $350, at press time, major cryptocurrencies now appeared to be less conflicted with their price recovery. At the same time, Tezos and Stellar Lumens continued to improve from their weekend valuations, as a bullish market momentum resurfaced for the two altcoins. DigiByte, however, had witnessed a dip...Read More
Popular San Francisco-based crypto-exchange, Coinbase, announced today that eligible users can now earn 5% APY on their Cosmos (ATOM) held on the platform, according to a press release shared with AMBCrypto. The announcement follows the launch of staking rewards for Tezos, which were made available to customers in the U.S, U.K, France, Spain and The...Read More
Cardano showed a bearish divergence on the charts that played out in the near-term and saw the price drop toward $0.1 once more. Monero registered some selling pressure beneath an important level of support. Algorand showed signs of bullishness and could be set to register good gains in the coming days after a break out...Read More
“We simply attempt to be fearful when others are greedy and greedy when others are fearful” Warren Buffet’s quote may sound like a cliche when discussing risk management in a crypto portfolio, nevertheless, it is true. Recently, on-chain analyst @DaanCrypto suggested risk management techniques for crypto traders in a long twitter thread. Source: Twitter While...Read More
Chainlink appeared to be in a phase of consolidation, although the price could also suffer a minor drop. Cosmos was perched on a level of support, and can be expected to rise higher after breaking out of a bullish reversal pattern. Dogecoin continued to trend lower, as it has done since its huge pump in...Read More
Polkadot, VeChain, and Basic Attention Token all exhibited bullish patterns or demand from buyers and could be set to surge in the near-term. However, Bitcoin’s inability to rise past $11,000 and $11,200, accompanied by a rising Bitcoin Dominance, could spell more losses for altcoins in the coming weeks. At press time BTC was trading at...Read More
