When it rains, it pours – Thus goes the saying. Bitcoin found its ceiling at $12,000 and failed to break past it, despite multiple attempts. In fact, the euphoria surrounding Bitcoin and the market’s surging altcoins seems to have abated off-late too. While the Fear and Greed Index registered a reading above 70 for all...Read More
Cardano has failed to hold on to multiple levels of support over the past month after it looked set to consolidate at the end of an uptrend. Further, Binance Coin looked healthy as it soared above $25, only to be brought back to earth by the market-wide crash a few days ago. Ontology also had...Read More
The Decentralized Finance [DeFi] space has gained a lot of attention in 2020 and given the hype, it has invited a lot of skeptics as well. Alas, the hype of DeFi seemed to come crashing down on 5 September after the anonymous founder of SushiSwap sold all of his tokens, with many yelling “Exit scam!”...Read More
Bitcoin was trading at $10,381 at the time of writing, after registering a low of $9966 yesterday. As long as Bitcoin does not close under the $10,000-level, a case can be made to suggest that it will be in a consolidation phase after the sell-off, above its support level. In fact, many altcoins noted massive...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in Litecoin’s long-term market and their impact on its price The rally is out and most of the market’s cryptocurrencies have lost their peaks as the market crumbled. Litecoin [LTC] was one of these cryptos, with the altcoin’s high correlation with Bitcoin [BTC] pushing it...Read More
Bitcoin slid down the price charts by nearly $2000 after falling from $12,000 on 1 September to $10,200 on 4 September. In fact, there could be more downside on the cards, with a Bitcoin CME gap at $9665 left unbridged. At the same time, Bitcoin Dominance picked up from 59 to climb to 59.94%, at...Read More
When Bitcoin dropped in value from $12,000 to $10,200 a few days ago, so did most of the crypto-market. Over a longer timeframe, however, it is likely that what BTC is noting is only a retracement in its bull run. That being said, the drop in question did take many traders by surprise. Further, while...Read More
San Francisco-based venture company Blockchain Capital filed a lawsuit against another similarly named Florida based firm on Thursday for infringement on its trademark. The other company which goes by the name Blockchain Capital. Management LLC (BCM) was owned by one Fareed Iftikhar whose company also operated in the financial services sector. According to case papers...Read More
The popular Bitcoin and cryptocurrency derivatives exchange BitMEX announced the launch of ‘quanto futures’ for four crypto coins – EOS (EOS), Chainlink (LINK), Tezos (XTZ), and Cardano (ADA). This comes after BitMEX’s recent move that requires users to sign up for a mandatory ID verification procedure’. BitMEX To Launch Quanto Futures Trading For LINK, XTZ,...Read More
Tether has become more mainstream than ever. It ranks third with a market capitalization of $13.7 B with its market dominance having increased by 2.9% since August 31, 2020. Source: CoinMarketCap However, this level of dominance and explosive growth makes it an outlier in stablecoins. Tether was introduced as the ‘digital dollar’ for facilitating entry...Read More
Decentralized network, Chainlink was under attack by a spammer who targeted select few node operators on Sunday, with the intention of disrupting the network through unnecessary on-chain computation. Chainlink nodes are oracles that allow smart contracts that reside on the Ethereum to interact with external software. Chainlink community member further said in the thread that...Read More
The effects of Bitcoin’s recent collapse were far-reaching, with many of the market’s altcoins noting repercussions on their own price charts. The likes of Bitcoin Cash, Synthetix, and VeChain weren’t immune to these effects either, with all the value of all these alts falling dramatically. It should be noted, however, that the depreciation in the...Read More
Cryptocurrency exchange Binance announced today the launch of its “centralized” Automated Market Maker (AMM) pool called Binance Liquid Swap, which will have different liquidity pools that will allow liquidity providers to earn interest and income from trading fees. Founder and CEO of Binance, Changpeng Zhao said that he was taking cues from the DeFi trend and...Read More
Binance may have entered the derivatives space late, but within no time, it has established its place in the market and among users. The reason behind its success was the variety of altcoins offered by the exchange along with the major coins. 2020, has been the year of DeFi and Binance realized this and added...Read More
For all the talk about an altseason, Bitcoin, the world’s largest cryptocurrency, continues to share high correlation stats with the rest of the market’s altcoins. This was very apparent over the last 72-hours as the larger crypto-market bled following Bitcoin’s incredible depreciation on the charts. The likes of Chainlink, IOTA, and DASH were among them,...Read More
Brazil Central Bank President, Roberto de Oliveira Campos Neto, announced that plans to have a digital currency by 2022. In an interview with Bloomberg Markets’ Editor, Erik Schatzker, Neto said that Brazil’s central bank digital currency or CBDC will modernize the country’s banking system. According to Neto, Brazil’s central bank leadership in 2019 led to...Read More
Bitcoin may be the dominant cryptocurrency in terms of its market cap, but altcoins have gained a lot of attention this year. Chainlink [LINK] has been one such altcoin, that grew exponentially over the past few months, providing investors massive gains. There have been several products introduced by exchanges to invite more user interest on...Read More
After a week of battling to regain position above $200 effectively, Bitcoin SV’s price finally gave in to the pressure of the bears as the collective crypto market fell. For BSV, it felt almost expected as the asset declined by 13 percent over the past day. The token also dropped in the rankings and is...Read More
Many in the community sighed with relief after Bitcoin arrested its fall on the 2nd of September by holding steady around the $11,300-mark. However, this wasn’t to last as over the next 24-hours, a bloodbath ensued, with the world’s largest cryptocurrency falling to under $10,300, at the time of writing. As is usually the case,...Read More
A judge in the Seoul Central District Court today announced a ruling regarding a lawsuit filed by three users of Bithumb Korea who claimed $126,000 and $38,000 for damages citing data leaks during a 2017 Bithumb hack. The ruling is said to hold Bithumb partially liable for the damages claimed by the users. Local news...Read More
Coinbase, the San Francisco based cryptocurrency exchange announced in a blog today that it has now “temporarily” listed Celo under the CGLD ticker symbol, which is also available on the iOS and Android apps of the exchange. Celo (CGLD) is launching at https://t.co/u9kzBrgZWx and in the iOS and Android apps within the next 15 minutes....Read More
Cryptocurrency lending platform, BlockFi announced on twitter today that the startup received its Money Transmitter License (MTL) which now allows BlockFi to enable its users to transfer funds from their bank or crypto wallets. The tweet further said that the platform will make stablecoin trading and wires available to New Jersey residents. We’re excited to...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the long-term Tezos market and its impact on the price Tezos [XTZ] was among the market’s best-performing assets in 2019. It has continued to do so in 2020, with the digital asset noting YTD returns of over 110%, at the time of writing. However,...Read More
In a panel discussion with the Brooking Institution, Governor of the Bank of England, Andrew Bailey said that stablecoins, Bitcoin, and other cryptocurrencies are difficult and unsuitable for the public to use for traditional payments as he believed that the majority of the retail public still does not understand the usage of digital currencies. According...Read More
In retrospect, LINK seems to have topped at $21. Since touching the aforementioned price point, LINK has slowly but surely headed down the charts, with the same valued at $14.56, at the time of writing. In fact, Chainlink’s market cap has fallen by ~$500 million in the last 24 hours alone. At the time of...Read More
The market value of most cryptocurrencies in the market got slashed when selling pressure increased across Bitcoin’s market. Due to the resultant price swing that followed, most of the market’s altcoins were trading in red, at press time. Cardano [ADA] Source: ADA/USD on TradingView During a recent AMA, Charles Hoskinson, the CEO of IOHK, discussed...Read More
All the following coins, XRP, Cosmos, and Maker, had a bullish outlook, with a 5-15% surge incoming. This could be due to the recent crash in Bitcoin’s price, crash that pulled down its value from $11,800 to $11,100. XRP Source: XRPUSD on TradingView XRP has been trending lower after hitting a temporary peak at $0.3255....Read More
Since the start of the month, Bitcoin along with many of the market’s altcoins, has seen its fortunes take a turn for the worse. While Bitcoin continued to stay above the key $11k-mark, altcoins such as Polkadot lost close to 5 percent of its trading value yesterday. The drop, however, was not uniform across the...Read More
Binance Coin rose above the resistance level and looked likely to retest the same level to confirm a resistance-flipped-to-support zone. Ethereum Classic lost a support level and looked likely to be headed further downward. VeChain had recently shown signs of bullishness, and a reversal of its downtrend since reaching $0.022 highs. But it was rejected...Read More
Bitcoin SV showed a bit of bullishness and had hardly begun to move upward when the bears stepped in. IOTA on the other hand lacked momentum in either direction and was trading just above support level while Compound looked poised to drop to its immediate support. Meanwhile, the world’s largest cryptocurrency Bitcoin briefly saw a...Read More
