Popular TV host Max Keiser recently highlighted that Bitcoin’s continuously growing hash rate is significantly more important for humanity than its price. He believes that the expanding energy demand for sustaining the network would ultimately result in the demise of altcoins and fiat currencies. Rising Energy Consumption For BTC Is A Good Thing: Keiser Following...Read More
Bitcoin Cash was trading with very low volatility as its traders appeared to be waiting on the sidelines for the market to make a move. Further down the cryptocurrency ladder, IOTA and DASH could be headed lower, with the cryptos lacking any momentum in the short-term. Bitcoin Cash [BCH] Source: BCH/USD on TradingView Bitcoin Cash...Read More
Binance Coin has registered an amazing rally over the last few months. However, by the looks of it, the aforementioned rally has reached its destination and the cryptocurrency’s price may be due for a drop soon. With 1 BNB trading at $26.95, at the time of writing, the chances of BNB heading down the charts...Read More
Tezos continued on its established path to the downside, with XTZ showing no signs of recovery, at the time of writing. Waves made strong gains in August, however, at press time, it showed a lack of momentum in the near-term, while generally trending south over the month. Zcash flashed a bullish signal, but the market...Read More
Tron was observed to have hit a strong zone of resistance, before being rejected and pushed to the downside, at the time of writing. In fact, such bearish momentum appeared likely to continue for TRX. At a time when Ethereum was increasingly being criticized for high Gas fees and a congested network, it could have...Read More
Stellar Lumens was facing continuous bearish pressure on the charts and looked likely to head further south, at the time of writing. On the contrary, NEM exhibited a strong bullish trend in the near-term while Maker showed signs of bullishness as well. Stellar Lumens [XLM] Source: XLM/USD on TradingView The momentum was strongly bearish with...Read More
In light of rising institutional interest and Bitcoin’s press time RoI of 53.17% YTD, it may be the right time to evaluate what comes after 60/40. Once the mantra of Wall Street Bulls, 60/40 is now a passé strategy. Allocating 60% broadly to stocks and 40% to bonds assured relatively good returns with low-risk exposure...Read More
After surging to new local highs last week, Binance Coin retraced some of its gains recently. In fact, it looked poised for a drop in the short-term, despite the fact that the demand for the crypto-asset has grown as more DeFi projects commenced operations on Binance’s Smart Chain. EOS continued to trade just beneath its...Read More
Cardano formed a bearish pattern on the charts as it braced for another dip in its price. The bearish pressure on the crypto-asset abated briefly, but sellers once more stepped in at a level of resistance to effect a slide for ADA. Crypto.com Coin, on the other hand, formed a bullish pattern. Ontology also displayed signs...Read More
Litecoin’s price has had to endure a period of consolidation over the past week. On 12 September, the cryptocurrency’s price fell by close to 8 percent from $51 to close to $47 and since then, Litecoin has been struggling to recover its losses. However, while LTC might be gaining some positive momentum, it may note...Read More
DeFi token transactions continued to congest Ethruem’s network as Etherscan showed that addresses related to Uniswap had guzzled a significant amount of Gas over the past 24 hours. At the time of writing, Ethereum’s charts pointed to a likely drop. While on-chain metrics made a strong case in support of an Ethereum slide, it must...Read More
Multiple mining groups in China have announced that they will fork Filecoin’s blockchain as they claimed to be dissatisfied with mining rewards, according to a report in Sohu.com, a Chinese media company. Moreover, the announcement has come just weeks before Filecoin’s mainnet launch in October. With regard to the fork announcement, Weiping Han, Chairman of MIX...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. The market of Bitcoin SV is clinging onto Bitcoin at the moment. As Bitcoin sustained its position above $10,900 for the time being, BSV also appeared to maintain close proximity to the resistance at $165....Read More
Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payments cheaper and quicker according to two EU documents received by Reuters today. According to the report, this move from the European Commission was a...Read More
Over the past year, many of the market’s altcoins have shown signs of decoupling from the price movement of Bitcoin, the world’s largest cryptocurrency. However, this wasn’t evident when the movement of the crypto-market in the month of September was assessed. In fact, while many of these alts did follow Bitcoin’s lead when BTC fell,...Read More
San Francisco-based venture firm, Blockchain Capital has joined Facebook’s Libra Association to make its network of experts and industry heads available to advise on the Association’s creation of a ‘global payment system,’ according to an announcement today. Libra’s head of policy and communications, Dante Disparte, said in the release that their new member, Blockchain Capital,...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Just like Bitcoin, Binance Coin has been holding its own at the top of the recovery curve over the past week. Without undergoing a significant drop, Binance Coin has retraced from the support at $26...Read More
Hacked crypto exchange Cryptopia’s assigned liquidator, Grant Thornton New Zealand shared an update that Cryptopia account holders will soon be able to register to claim their trapped crypto funds, which in total is worth nearly $100 million. The claims registration process is said to open by the end of the year, however, the release did not...Read More
The East-Asian market is the largest in the cryptocurrency landscape, accounting for a whopping 31% of the total volume over the past year. It is also home to the highest mining activity with China controlling close to 65% of the total Bitcoin hash rate. While the trading volume is driven by a robust professional group...Read More
Disclaimer: The following article attempts to analyze the evolving patterns in the Ethereum market and its impact on price. The Ethereum market witnessed a momentary boost in its price on 17 September. This boost placed its current value at $387.34, which was closer to $376, an important point of support for Ethereum. As the market...Read More
Bitcoin’s price drop over 2-3 September had a ripple effect across the rest of the crypto-market. Altcoins across the board depreciated, lending weight to the argument that despite all the talk about an altseason, the world’s largest cryptocurrency continues to share a strong correlation with the rest of the market. Interestingly, the correlation in question...Read More
Utrust, a blockchain powered crypto payment gateway that gives e-commerce businesses the option to accept cryptocurrencies like bitcoin and ethereum, announced its integration with Kompakt, a Cologne-based electronic music record label company. This would allow the music company’s fans to pay in digital currencies like BTC, ETH, and also UTC token when they buy merchandise...Read More
San Francisco-based crypto exchange Coinbase announced today that it would now support Loopring (LRC) and yearn.finance (YFI) at Coinbase.com and in the Coinbase Android and iOS apps. LRC and FYI were made available in all Coinbase-supported regions, with the exception of New York, USA. The announcement has been made public almost a week after Coinbase...Read More
U.S based cryptocurrency exchange Coinbase Pro announced in a tweet today that the exchange would begin passing network fees to its customers with network fees (otherwise known as Gas on the Ethereum blockchain) which is paid directly to cryptocurrency miners that process transactions and secure the blockchain networks. To ensure a smooth experience for our...Read More
Since its launch in May, Polkadot (DOT) announced the establishment of its ‘Treasury’ which is a new decentralized platform to fund projects according to a press release shared with AMBCrypto today. Polkadot Treasury, which is said to be a pot of funds collected through transaction fees, slashing, and staking inefficiencies, will be run by a...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Tezos’s long-term market and its impact on the price Tezos’s market may not be performing as it did in 2019, but it is still reporting significant growth for the year 2020. Its year-to-date gains had climbed to 70%, at the time...Read More
Crypto exchange Binance.US announced listing of Uniswap (UNI) token, which is used for governance actions in the Uniswap protocol, a decentralized automated liquidity protocol built on Ethereum. The exchange further announced that UNI tokens will be available in the UNI/USD and UNI/USDT trading pairs with deposits going live from today. https://t.co/AZwoBOy3iq will list $UNIhttps://t.co/e4p5PT6CYR pic.twitter.com/BBPVm64KOo...Read More
Bitcoin’s price has been on a recovery run since its fall on the price charts at the start of the month. However, for altcoins like Chainlink, Bitcoin’s sentiment did not seem to have a lot of effect on the cryptocurrency’s price action. Since the start of September, the cryptocurrency’s price has largely been on a...Read More
Although Bitcoin was consolidating at the time of writing, it was putting a lot of downward pressure on many of the market’s altcoins. Major cryptocurrencies like Cardano were moving lower down the price scale, whereas mid-cap assets like Synthetix and VeChain were trying to move forward with a stagnated price on the charts. Cardano [ADA]...Read More
IOHK, announced in a blog today that it would offer $250,000 in public funding to Project Catalyst which is an experiment to get more developers to build decentralized applications or dApps on the Cardano blockchain. Moreover, users who hold Cardano’s native crypto, ADA would be able to submit their ideas, collaborate, vote and award funds...Read More
