Decentralized Finance “lending” protocol, bZx, is not having a good year. Seven months after bZx was hit by two major hacks that saw the protocol lose over $954K, it is in the headlines again after yet another bug was exploited. This time, the losses have been as high as over $8M in user deposits or...Read More
The past week saw Bitcoin’s dominance drop from 61.6% to 59.5%, while Bitcoin surged from $10,000 to $10,500 over the same period of time. Bitcoin Cash appeared to be consolidating as traders waited for the market to decide upon a direction. Monero rose past a level of resistance and seemed to have flipped its level...Read More
Crypto-markets, including Cardano’s, have been in limbo for a long time over the direction they are supposed to go. However, since the price isn’t clearly following a trend, it might just be a good time to scalp trade. At the time of writing, ADA was trading below the $0.1-level and had a market cap of...Read More
Amidst all the DeFi and yield farming ruckus, Binance has recently come up with its new decentralized Binance Smart Chain [BSC]. This DeFi chain has access to its centralized exchange and Binance is putting up $100 million to support projects on the BSC. Riding on the news of this exciting foray, Binance’s exchange token –...Read More
Bitcoin surged past its resistance at $10,400 to trade at $10,547 at press time. In fact, Ethereum too noted an uptick, climbing from $366 to $386. However, while the weekend surge might continue into the weekdays, the sentiment in the Options space remains largely bearish. Further down the crypto-ladder, Chainlink was rising towards a level...Read More
At the time of writing, Tezos was approaching its resistance level, but it might be unable to breach it as it was showing a bearish pattern over a longer time frame. NEM looked likely to bounce off its support and might be able to scale new highs in the coming days or even weeks. VeChain...Read More
The majority of voters in a recent poll have indicated that they had entered the cryptocurrency space more than three years ago. In contrast, 9.4% said that they had come around in the past three months during the DeFi boom. 43% Crypto Veterans Although the cryptocurrency community emerged relatively recently with Bitcoin’s creation in 2009,...Read More
Bitcoin surged above its $10,400 resistance recently, in a move that could have a positive impact on the rest of the market. However, evidence of BTC being moved into exchanges might mean that there is another wave of selling pressure to be seen. Tron stagnated beneath a retracement level after a huge move upwards at...Read More
While Litecoin was expected to head south on the charts, the market seemed to have changed course, at press time. It showed signs of beginning an uptrend as it surged past its resistance to flip it to support. Further, IOTA appeared to be in a consolidation phase right above its support level, while Synthetix showed...Read More
Despite the fact that Binance Coin was highlighted as being undervalued in a recent report, BNB was trending strongly upwards, at the time of writing. On the contrary, EOS lacked momentum in either direction, as was the case with Compound. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin had resumed the strong uptrend it...Read More
Bitcoin was trading beneath its $10,400 resistance level, at press time. If it manages to reclaim the level as support, it could surge north to $11,200, dragging with it the rest of the market. Further, while Ontology’s demand surged on the back of earning WING tokens, Dogecoin showed signs of bearishness and looked to be...Read More
2020’s last quarter has seen the cryptocurrency market navigate a series of rallies and corrections. Even though Bitcoin [BTC], owing to its position as the world’s largest cryptocurrency, has grabbed most of the market’s attention, another altcoin has marched its way into the market’s top 10, one conceived as an alternative investment to BTC during...Read More
The market’s ranking of the world’s top-10 cryptocurrencies by market cap has seen a host of changes over the past few months owing to a series of mini-rallies and corrections. For instance, apart from the top two positions, the remaining altcoins have all switched positions from time to time on CoinMarketCap’s ladder. Binance coin [BNB]...Read More
While Bitcoin had been threatening to fill the CME gap at $9,600, at the time of writing, it seemed like BTC might stay clear of the gap, with the cryptocurrency trading under its resistance level at $10,400. Bitcoin SV could be headed south to touch its support level, while Algorand showed signs of consolidation above...Read More
The SushiSwap episode is a gift that keeps on giving, and not in a good way. From creator “Chef Nomi” liquidating his SUSHI holdings (Until he realized he f*cked up) to pass control to FTX CEO Sam Bankman-Fried, to the freefall the token soon found itself in (SUSHI fell by over 70% in its immediate...Read More
Ethereum flipped a level of resistance to support, after rising from the lows of $320 on the charts. Even in combination with Bitcoin’s resolute hold so far on $10,000, the Crypto Fear and Greed Index was reading 41, a sign of fear in the market. While some altcoins struggled to shrug off bearish pressure in...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price The digital silver, Litecoin has been stuck under the $50-level for the past few days now, with its immediate resistance on the charts marked at $49.68. While the downward pressure in the...Read More
Stellar Lumens showed signs of beginning an uptrend and combined with Bitcoin’s refusal to dip beneath $10,000, this could be bullish for XLM. Cosmos on the other hand lacked momentum in either direction and appeared to be consolidating at an important retracement level. Crypto.com Coin spiked upward but was yet to show if could continue...Read More
Altcoins tend to mirror the price action of Bitcoin and such was the case in the past week. Most coins across the crypto market did note substantial losses as the price of Bitcoin dipped below $10k momentarily. However, in the past few days, altcoins such as XRP, Cardano, and Ethereum Classic seem to be in...Read More
The cryptocurrency market has been lead by the largest digital asset – Bitcoin through a correction phase. As Bitcoin suffered a massive blow, the sentiment among the traders is predominantly fear. However, as the market saw the first wave of sell-offs, the sentiment fell by over 40 points and flipped to “fear”. Source: Alternative.me The...Read More
“To everyone. I F#$%ed up. And I am Sorry”- The anonymous creator of SushiSwap took to Twitter to address the community. Chef Nomi announced on Twitter today that he regretted his earlier actions which involved selling all his SUSHI for ETH which the SUHI community had feared was an exit scam strategy. He further published...Read More
In terms of sheer price action, this week was rather sloppy. Bitcoin was trading at around $10,400 seven days ago, and it’s now indecisive around $10,300. During the week, things did get slightly more tumultuous as BTC dipped below $10K on a few occasions, reaching as low as about $9,800 on Binance. Many thought that...Read More
Bitcoin’s dramatic value depreciation early in September had a profound effect on the rest of the crypto-market, with many of the industry’s altcoins following its lead to fall down on their charts. At press time Bitcoin is being traded for $10,293 and a $46.3 billion 24-hour trading volume. Source: CoinStats While the altcoin market has...Read More
For all the talk about an incoming altseason, the last few weeks have seen Bitcoin’s influence on the crypto-market become more and more apparent. Defying expectations, the world’s largest cryptocurrency fell incredibly on the charts, falling under $10K even.Soon, contrary to decoupling claims, most of the market’s alts followed suit, with many of them registering...Read More
The crypto-market has been going through some tough times lately. While many expected Bitcoin, the world’s largest cryptocurrency, to finally sustain a breach of $12k and climb on the charts, the opposite happened. BTC fell dramatically on the charts, and the rest of the altcoin market followed suit. The likes of Zcash, Binance Coin, and...Read More
Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using Storj’s blockchain-based cloud service, Tardigrade. ETC Core development team members believed that this partnership with Storj would also allow clients to take ownership of their data...Read More
Cryptocurrency exchange, Coinbase Pro announced today that it would list YFI, which is a token of decentralized finance (DeFi) platform, from 14 September onwards. Trading of YFI would begin from-15 September from 9 AM Pacific Time (PT) onwards, according to the release. Per Coinbase Pro’s trading rules, trading on YFI-USD order book is said to...Read More
CEO and founder of leading crypto exchange Binance, Changpeng Zhao (CZ) announced in ‘The World of DeFi’ broadcast that the exchange would offer $100 million worth of seed funding to developers who want to build on its smart contract-based blockchain platform, Binance Smart Chain. The panel discussion said that successful projects would be able to...Read More
With the digital asset market stabilizing on the charts to attain some recovery over the past week, Chainlink has been the one to lead this pack of altcoins. Recovering from a local bottom of $9.10, the crypto-asset has done well to briefly re-test the $13-mark over the past 12-hours. However, the appalling bearish pressure continues...Read More
Leading cryptocurrency exchange Coinbase Pro announced today that the exchange would begin accepting inbound transfers of Ethereum-based token, Loopring (LRC) from 14 September onwards. According to the release, Coinbase Pro users could avail support for the LRC token on all Coinbase’s supported jurisdictions, with the exception of New York State. LRC trading is said to...Read More
