What’s the motivation behind purchasing an altcoin? For some, a specific altcoin is an entry into a different facet of the larger cryptocurrency space. While some offer exchange-related on and off-ramps, most altcoin buyers look to these coins with small market caps simply because they can double or even triple within a few days. This...Read More
Stellar Lumens [XLM] was one of the market’s few bullish coins, at the time of writing, with both BAT and DASH exhibiting a bearish bias due to the patterns formed on their charts. In light of the fact that Bitcoin has been tip-toeing the $10,000-level, we can expect many of the market’s cryptocurrencies, especially the...Read More
Tezos’s price and its short-term future were looking bleak, especially after the cryptocurrency’s price dropped below its 200 DMA on the 6-hour chart. In fact, this development pushed the price down from $3.53 to $2.53 over the past week. If this wasn’t enough, more may be on its way for Tezos. Tezos 6-hour chart Source:...Read More
After a month of upward volatility, the cryptocurrency market has been noting waves of corrections since the beginning of September. However, such corrections have also resulted in many prevailing trends in the cryptocurrencies market changing. XRP, the fourth-largest cryptocurrency in terms of market cap, has been shrinking in value. In fact, it recently tested its...Read More
Bitcoin’s price action seemed to have done the trick yet again, at the time of writing, with most of the market’s altcoins registering negative gains after incurring substantial losses over the past week. Bitcoin’s dip into the sub -$10k territory, despite a brief recovery, left its mark on the altcoin market, with cryptocurrencies like Polkadot,...Read More
Binance Coin, Tron, and Cosmos were some of the major altcoins that showed signals of an end to the bearish pressure. Much of the altcoin market continued to see red, as Bitcoin defended $10,000 and Ethereum oscillated between $330 and $360 range. Tron in particular could be swept upward to new highs as Sun Genesis...Read More
U.S blockchain venture capitalist Digital Currency Group (DCG), today announced the acquisition of the U.K-based cryptocurrency exchange and wallet Luno, and that the Group made ‘financial commitments’ to help Luno expand globally. The funds involved in the acquisition, though, were not disclosed according to the release. Luno, which has a customer base of five million...Read More
Bitcoin was able to defend the $10,000 level but the rest of the cryptocurrency market saw red as selling pressure hadn’t been completely exhausted. At press time the king coin was being traded at $10,192 with a 24-hour trading volume of $86.5 billion. Source: CoinStats Bitcoin SV exhibited a bearish pattern and could be poised...Read More
Cardano has been showing a lack of momentum in the market in the past couple of days, and it could continue as price consolidated between important levels of support and resistance. Ontology showed it might be ready to breach and hold the nearest level of resistance. Algorand also showed signs of neutrality as traders opted...Read More
In a recent announcement today, the widely-used stablecoin tether (USDt) will be launched on Solana, a high-speed blockchain network. This would be the first time a stablecoin has been integrated with Solana and this move will now allow tether holders to exchange their USDt stablecoins at speeds greater than 50,000 transactions per second on the...Read More
Leading cryptocurrency exchange Binance announced launch of Binance TR, its new subsidiary in Turkey which will allow fiat-to-crypto and crypto-to-crypto exchange for users in Turkey and allow them to trade crypto pairs like bitcoin (BTC), ether (ETH), tether (USDT), XRP and the exchange’s own Binance coin (BNB) and BUSD stablecoin. Introducing the new local exchange...Read More
Over the past 6-days, the collective digital assets industry has taken somewhat of a breather as the bears seemed to have reduced their pressure on the market. Yet, most of the altcoins are still steadily dropping. The bottom was created for Bitcoin and the rest, on 3rd September itself, however, after rallying back above immediate...Read More
A month after Binance Uganda, which is the Binance cryptocurrency exchange’s African wing, delisted ETH and LTC, it has now announced to delist the parent company’s very own native crypto, the Binance Coin (ticker: BNB). The move came after Binance Uganda periodically reviewed trading volume and liquidity of all its cryptocurrencies during which BNB coin did...Read More
Global financial services company, Mastercard launched a Central Bank Digital Currencies (CBDCs) virtual and custom ‘testing’ platform, for central banks to evaluate use cases of national digital currencies and even simulate a CBDC ecosystem, a release stated today. Moreover, Mastercard has called for global partnerships with central banks, commercial banks, and tech and advisory firms...Read More
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for...Read More
Litecoin had a brief spike before being forced back beneath resistance. It is possible that Litecoin and Ontology will not move upward or downward by a large margin in the coming days as it looked to be in a phase of consolidation. Dash set its next level of resistance as a target, and might be able...Read More
New York-based blockchain investment firm Coinfund has invested an undisclosed amount in Rarible, a platform to trade liquid intellectual properties and any digital content with licensing via Non Fungible Tokens (NFT). Coinfund’s funding is supposed to help Rarible develop a community-governed, blockchain-based NFT marketplace that would enable it to create a direct relationship between digital...Read More
San Francisco-based crypto lending and staking platform, Cred announced today that it has joined Visa’s Fast Track program, which according to the firm would speed-up the process of eventually integrating with Visa, a global payment tech company. According to co-founder and CEO of Cred, Dan Schatt, the firm’s acceptance into Visa’s program would allow Cred...Read More
Polkadot invalidated a possible bearish pattern in the past few sessions. At press time, it lacked momentum in both directions. IOTA was indicating signs of short term bullishness and could surge past nearby resistance level. Compound showed a likelihood to drop in price, perhaps as far as $152 in the near term. Polkadot [DOT] Source:...Read More
Bitcoin SV has been in an uptrend in the past couple of days. It remains to be seen if it has the strength to reclaim important moving averages. The uptrend might be part of a bearish reversal pattern and could cause a drop in the coming sessions if it played out. Cosmos and Ethereum Classic...Read More
European cryptocurrency exchange ETERBASE announced in a tweet today that the exchange had been hacked and its hot wallets were compromised, which has lead to the loss of several cryptocurrencies. The crypto exchange said that it has contacted all other centralized exchanges that might be receiving these illicit funds stolen during the hack and were...Read More
South Korean police have reportedly raided Bithumb cryptocurrency exchange offices again in an additional seizure search according to The Seoul Newspaper. Much like the first raid that took place on 2 September, this second raid was also connected to seizing evidence for fraud allegation. However, this time the raid was conducted at the Bithumb Holdings...Read More
Disclaimer: The following price prediction should not be taken as investment advice. The prediction should materialize in the next couple of days. Just like the rest of the altcoins, XRP has struggled to break away from its immediate support at the moment. After the decline stopped at $0.230, XRP’s movement has been rather sideways in...Read More
Some important levels to watch out for were highlighted for Chainlink, as it sought to rise above resistance at $12.5. Monero showed that neither the bears nor bulls dominated its market. This balance between buyers and sellers could slowly tip toward the buyer side, as the sell pressure of the past few days wanes and...Read More
Bitcoin Cash had some positive news on the adoption side of business. Technical analysis also showed Bitcoin Cash might be in a consolidation phase in the short term. The selling pressure on Cardano over the past few days appeared to have weakened. Stellar Lumens bears also appeared to be exhausted in the short term. Bitcoin...Read More
Former project manager at now defunct crypto investing firm Bitsonar, Yaroslav Shtadchenko, has filed a complaint with the U.S Federal Bureau of Investigation (FBI) accusing his former employer at Bitsonar of fraud. The accused, Bitsonar’s founder, Alexander Tovstenko, who was also a former clerk at the Ukrainian government hired Shtadchenko in 2018 “to provide consulting...Read More
Chainlink has suffered as many altcoins have. In fact, LINK marines seemed to be scrambling as the cryptocurrency’s price trotted around the $12-mark, with more dips expected. The market cap of LINK had shrunk from $6.3 billion a week ago to $4.5 billion, as of writing. The 24-hour price change didn’t point to a sign...Read More
Litecoin‘s charts showed that LTC was still caught in a strong downtrend, one that had not yet slowed down. Polkadot registered a potentially bearish pattern, one that could set up a sharp drop for the cryptocurrency in the coming days. Finally, Steem’s charts indicated that it could be heading further lower. Litecoin [LTC] Source: LTC/USD...Read More
Bank of Japan (BoJ), one of Japan’s central banks, has put the development of a central bank digital currency (CBDC) on top priority since July, according to a report in Japan Today. As per the report, members of BoJ hoped to see its digital currencies operate seamlessly during times of natural disasters and especially during...Read More
Bitcoin contributed to a whole host of sell liquidation orders as it dropped from $11,400 to $10,000 a few days ago. On BitMEX alone, about $264 million worth of sell liquidations were registered. Further down the ladder, Ethereum Classic and Maker continued to slide down south as well. Bitcoin had been able to stave off...Read More
