After a 25% daily surge, WazirX continued to struggle under key resistance across trading pairs WazirX is looking for a strong rebound level to keep the buyers in action. Despite the latest bullish price actions, the WRX market still favors the short-term bears WRX/USD: WazirX Suspends Bearish For Sideways Key Resistance Levels: $0.1, $0.15 Key...Read More
The novel coronavirus took the world by a storm. Starting in China, the virus has now spread throughout the globe, with thousands of cases being reported in Europe, Asia, and even the US. This brought a catastrophe on the traditional financial and stock markets, as major global indexes crashed in a way that was more...Read More
It’s safe to say that unless unexpected things happen, this will be the worst week for Bitcoin since 2013. During the second week of December 2013, Bitcoin had seen a plunge from $864 to $382, more than a 50% decline. Those were the days when MT.Gox was the only major Bitcoin exchange out there. Just...Read More
Bitcoin dipped to a low of $5,600 on BitMEX for a matter of minutes, while most cryptocurrencies record double-digit losses. The whole market is plummeting, as the market lost over $50 billion in only a few hours. Bitcoin Goes Below $6,000 It’s safe to say that the largest cryptocurrency has seen better days. Bitcoin’s price...Read More
PayPal CTO, Sri Shivananda, believes that cryptocurrencies still have a long way to go in terms of mass adoption. While endorsing India’s digital asset ban removal, he noted that most consumers view them as assets instead of applicable currencies for actual payments. Crypto Needs More Use-Cases Sri Shivananda, the CTO of PayPal – one of...Read More
Almost half of today’s active traders made their first-ever cryptocurrency trade back in 2017, according to a recent poll by Binance. At the same time, the number of pre-2017 traders is less than 30%. When Crypto Traders Entered The Market The world’s leading cryptocurrency exchange by volume, Binance, recently initiated a compelling survey. The question...Read More
Ethereum, like Bitcoin, is stuck with its price trying to decide which way to move. The brutal sell-off that began on February 24 ended with most altcoins dead in the water. ETH rose 126% since 2020, The post Ethereum at crossroads: 11% surge Vs. multiple bearish scenarios appeared first on AMBCrypto. The post appeared first...Read More
A recent report claims that criminals primarily use cryptocurrencies for money-laundering in Latin America. Most countries in the region lack serious security measures leading to exuberant thefts executed by organized criminal groups. LATAM’s Dark Side Compiled by the cyber intelligence company IntSights, the report went in-depth on Latin America’s involvement with illegal financial activities. More...Read More
Bitcoin lost a serious chunk of its Dollar value this week. Down about 12% over the past seven days, the cryptocurrency is currently trading at around $8,700. It’s essential to see where it goes from here. From above, there’s the 200-days moving average at $8,800, which has now turned to resistance. Bitcoin hasn’t closed a...Read More
The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history. Global Markets Continue To Tumble Global financial markets continue to suffer...Read More
Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the...Read More
The month of February has been great for altcoins, with many smaller cryptos seeing intense upwards momentum that has allowed some to set fresh all-time highs, while others post significant gains against Bitcoin. This upwards momentum seen amongst many altcoins has led investors and analysts alike to grow increasingly keen on finding the next altcoin...Read More
The crypto-market’s bullish rally has been collectively sour over the past week after major crypto-assets registered significant drops. Bitcoin went below the $10,000 level again and considering the fact that the world’s largest crypto-asset usually plays a major role in other assets’ movement, certain mid-cap assets were analyzed to understand the level of impact felt...Read More
After breaching its psychological resistance of $0.30 on 13 February, XRP registered a largely bearish period till 20th February, with the third-largest token depreciating by 24.68 percent over 48-hours. XRP went down to $0.261 on 20 February but at press time, the crypto-asset had managed to stabilize at $0.274. According to CoinMarketCap, the asset’s valuation...Read More
The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden Cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price...Read More
Ethereum‘s 12.43 percent drop on 19 February led to an unexpected slump from $283.82, all the way down to $252.14. Major support levels at $274.81, $270.84, $262.10, all turned to become resistance for a brief period. The pullback continued till 12:00 UTC on 20 February, after which the price underwent some recovery. According to CoinMarketCap,...Read More
IOHK introduced an important update on 20 February as an intermediary step before launching the Shelley era functionality on the Cardano mainnet. The team announced the successful implementation of its Ouroboros BFT hard fork that replaced the original consensus protocol Ouroboros Classic [Byron Era]. @Cardano, the twitter handle of Cardano Community, informed, “We have now...Read More
The Cardano network update scheduled for 20 February will be an enhanced consensus mechanism, Ouroboros BFT. A median step between the current Byron era and Shelley, the network upgrade allows staking feature on Cardano’s mainnet. Binance announced support for the upgrade and noted that no new token will be created during this. It added: “Deposits...Read More
Litecoin’s past 24-hour change does not mirror its recent bullish rally. The silver counterpart to Bitcoin registered a slump of 9.08 percent and its price held support just above $70. According to CoinMarketCap, its market cap remained under $4.5 billion at press time but the 24-hour trading volume remained positive and above $5.4 billion. Source:...Read More
Ever since cryptocurrencies gained popularity as an asset class, tax regulations surrounding it have been problematic and complex for most users. While the US has taken proactive steps to bring greater clarity with regard to the regulatory and compliance-related aspects of crypto, the intricacies of compliance and the consequences of failing to comply remain a...Read More
The leading cryptocurrency exchange in the United States, Coinbase, has been approved as the very first “pure-play” crypto-related company to become a Visa principal member. Supposedly, this would allow the exchange to further improve its customer experience. Coinbase Becomes Visa Principal Member According to an official release, the San Francisco-based cryptocurrency exchange has managed to...Read More
With the Bitcoin halving event just three months away, the community is ready for a bull run. Though skeptics suggest the halving has already been priced in, many market participants have made contrasting opinions. While the truth is likely somewhere in between these two views, it could be beneficial to look into the supply distribution...Read More
As Bitcoin’s dominance climbed back to 63% after a brief dive, the altcoins in the market were seen resisting downward pressure after weeks of bullish movement. However, not all altcoins were plummeting. Tezos [XTZ] The latest entrant to CoinMarketCap’s top-10 cryptocurrency rankings, Tezos [XTZ] was buzzing with a market cap of $2.281 billion, at press...Read More
With the crypto-market’s attention presently focused on price movement, many fundamental metrics have undergone critical changes over the past month or so. According to skew analytics, WBTC has been at the head of a crucial development in the ecosystem since 19 January. WBTC, or Wrapped Bitcoin, is an ERC20 token based on Ethereum which is...Read More
Over the past four days, Ethereum has recorded significant price volatility. After registering a significant dump of around 18 percent over 15-16 February, the market’s 2nd largest crypto-asset jumped right back above the $270 mark. Over the past 24 hours, Ethereum had recorded a positive turn around of 8.01 percent, with a market cap of...Read More
“When we look at a framework, we want regulatory clarity and that’s an important one.” These were the words of blockchain giant Ripple’s CEO, Brad Garlinghouse, who featured in an interview with CNN’s Julia Chatterley. He went on to say that while any remittance market that has a “lot of US Dollar and Euro” flow...Read More
Transparency, as well as privacy, are two crucial pillars that need to be respected during times of distress. With almost 1,770 fatalities in China, over 70,000 total cases reported, at press time, China has turned to blockchain-based solutions to not only fight the crisis. In the latest development, blockchain technology has been aiding the Chinese...Read More
The uptrend seen by the aggregated crypto market throughout January began altering into a full-blown “altseason” in early February, when Bitcoin’s break above $10,000 allowing multiple cryptos including Ethereum, Chainlink, and Tezos to see massive rallies. Now, analysts are noting that Tezos could be gearing up for a massive movement towards its all-time highs, with...Read More
The start of the new week came as a sad one for traders as the bears take over the cryptocurrency market, correcting Bitcoin price to below the $9600 region. At the time of writing, the coin is trading at $9,627. The current volatility in the market could be tied to the ongoing selling pressure and...Read More
The second half of 2019 saw Litecoin depreciate by over 75%, and while LTC has seen over 120% gains since the start of this year, it’s also important to note its 52% gain since this time last year. With most altcoins positioned to move up in the weeks to come, LTC might be in for...Read More
