In an exclusive interview, OKEx’s Andy Cheung talks derivatives, self-regulation, and emerging markets. Looking back, 2019 seems to have been a watershed year for cryptocurrency exchanges. The explosion of the crypto derivatives market has put many of the bigger exchanges into a position of competing with regulated institutional offerings, such as Bakkt and CME. In...Read More
Ethereum is holding the main $144 support, but also struggling to rise against the US Dollar.The price is now trading below the previous support (now resistance) near $148.There is a key bearish trend line forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken).The price is likely to struggle near...Read More
Italy, one of the world’s largest economies, has faced plenty of financial challenges in the past decade. That’s probably one of the reasons why cryptocurrencies have been faring better there than in other European countries. Italians love cash but are also warming up to its decentralized digital alternative. The number of businesses accepting crypto payments...Read More
Many Wall Street veterans are in agreement. The returns from stocks and bonds over the next decade will be sluggish. Time to add crypto to your savings plans? Traditional Investment Portfolios Set to Underperform Morgan Stanley analysts told Bloomberg that “The return outlook over the next decade is sobering. Investors face a lower and flatter...Read More
Bloomberg called Binance Coin the best-performing cryptocurrency of 2019 but it nevertheless remains vulnerable to traders’ intrinsic greed.The native token of one of the world’s largest crypto exchanges, Binance, has surged by more than 146 percent as of this time of writing. The gains are far larger than what the benchmark cryptocurrency Bitcoin has delivered...Read More
Matic, a cryptocurrency known to have an active and supportive community, plunged by more than 50% on the day and over 70% at the day’s lowest point. But, such a drop can occur to any minor crypto asset.According to global markets analyst Alex Krüger, large hands can adjust the selling volume of a cryptocurrency, causing...Read More
Bitcoin price traded to a new weekly high at $7,664 and declined recently against the US Dollar.The price is now trading below the $7,420 and $7,400 support levels.There is a key bearish trend line forming with resistance near $7,525 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely to...Read More
The total crypto market cap is declining and it is now well below the $200.0B resistance.Bitcoin price is down close to 2% and it is now trading below the $7,400 support.EOS price is approaching the $2.600 support area and it could bounce back.Binance Coin (BNB) is currently down around 3% and it is struggling to...Read More
Ripple price is currently declining from the key $0.2320 resistance area against the US dollar.The price is now trading below $0.2260 and it is showing a few bearish signs.Yesterday’s major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP/USD pair (data source from Kraken).Ethereum is also struggling and...Read More
Ethereum is struggling to clear the key $152 resistance area against the US Dollar.The price is declining and it is now trading near the $146 support area.Yesterday’s major bullish trend line was breached with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).The price could continue to move down and it...Read More
Research outfit Matter Labs announced a Zero-Knowledge Proof-based scaling solution, which leverages many of the changes from Instanbul. Critics from the Bitcoin camp claim it’s just another “shitcoin.” ZK-Rollups and “Visa-Scale” Throughput Achieving scale has long been the Achilles heel of public blockchain networks. Earlier approaches to the same problem may have managed to achieve...Read More
2019 is coming to an end but people in the Bitcoin community are still holding their breath, as the volatility has been off-the-charts lately for the largest digital asset. Since the start of November, Bitcoin has registered a change of over 30 percent in its valuation and the market witnessed several short-term hikes and detrimental...Read More
Lending and borrowing crypto, a subset of DeFi applications, has quickly boomed into an almost billion-dollar industry. But does it pose a threat to Proof of Stake networks? The DeFi landscape includes lending protocols, security tokens, derivatives, and exchanges, and threatens to usurp traditional financial models into trustless protocols that leverage decentralized networks. The Rise...Read More
Bitcoin price is showing positive signs above the $7,400 resistance area against the US Dollar.The price is likely to clear the $7,560 and $7,600 resistances to continue higher.There is a major bullish trend line forming with support near $7,490 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could rally once...Read More
Blockchain companies flock to Switzerland for its favorable outlook towrad cryptocurrency. Recently, Switzerland’s Crypto Valley Association released a paper providing a framework for asset tokenization under Swiss law. We decided to take a deep dive. The paper addresses legal and technical questions around the tokenization of assets, providing guidance to entrepreneurs looking to issue digital...Read More
The total crypto market cap is slowly rising and it is currently near the $200.0B resistance.Bitcoin price is up close to 2% and it is now trading above the $7,500 resistance.Litecoin (LTC) price is now trading above $45.00, but it is still facing a lot of hurdles.Bitcoin cash price is climbing higher towards the key...Read More
Ripple price is gaining momentum and it is rising above $0.2250 against the US dollar.The price is likely to continue higher above the $0.2320 and $0.2350 resistance levels.There is a key bullish trend line forming with support near $0.2265 on the hourly chart of the XRP/USD pair (data source from Kraken).Ethereum is approaching the $152...Read More
Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar.The price is likely to rally significantly once there is a clear break above $152.There is a key bullish trend line forming with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).The price could dip a few points,...Read More
If you’ve been on Crypto Twitter at all over the past few months, you’ve likely noticed the phrase “Bitcoin golden cross” tossed around incessantly. The reason, the leading cryptocurrency’s weekly chart is on the verge of printing what is known as a “golden cross,” when a short-term moving average crosses over a long-term one to...Read More
Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble.” While many have laughed off this sentiment as pure delusion, the charts may be telling a different story.Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty,...Read More
XRP’s price was hovering between the $0.21-$0.25 range for a long time now. A much-needed breakout to the positive side could be in the offing as XRP bulls take position to take over. The coin was trading at $0.23 after a surge by 2.14% over the last 24-hours, at press time. Additionally, according to data...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer...Read More
Litecoin has been trading close to its support point and despite minor surges, the silver crypto failed to post impressive rallies after August this year. Litecoin has been trading at $46.09 after posting 0.21% gains over the last 24-hours. At press time, the coin recorded a market cap of $2.94 billion and 24-hour trading volume...Read More
ETH price is struggling to gain pace above the $152 and $158 resistance levels against the US Dollar.The price is currently holding the main $144 support area and breakdown zone.There is a key contracting triangle forming with resistance near $150 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair could start a strong...Read More
After forming a base above $7,000, bitcoin price climbed above the $7,500 resistance against the US Dollar.The price is currently correcting gains and it is trading below the $7,440 level.There is a major contracting triangle forming with resistance near $7,520 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price is likely...Read More
After the ICO bubble popped in late 2018, projects scrambled to find new ways to raise money. After briefly courting the Security Token Offering, markets settled on a ‘new’ concept: the Initial Exchange Offering. Is this new model really an improvement over the original? Though the ICO market quickly grew to billions of dollars in...Read More
Cryptocurrency investors in the United States have two notable exchanges to choose from — namely, Coinbase Pro and Binance.US. Though there are several other options as well, these exchanges are operated by two of the most recognizable crypto companies in the world, both of which have a major U.S. presence. In this review, we’ll break...Read More
After touching an 8-month low on November 25, the Ethereum community saw the flagship coin make some modest gains, including a brief move up to $156 two days before December began. Since then, ETH has been consolidating between the $150 and $146 marks, with a value of $148 at the time of writing. CoinMarketCap shows...Read More
Bitcoin’s journey through 2019 has been extremely volatile; starting at $3,000 and reaching a high of $13,800. Bitcoin’s price seems to be stuck in the $7,000 range for more than two weeks and the pattern formed since then indicated an incoming bearish move. BTC is in an ascending channel forming higher highs and higher lows....Read More
As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the cryptocurrency’s price triggered a “sell” signal on the Market God v7 indicator, designed by crypto analyst Thies. The analyst remarked that he designed the indicator to “eliminate” emotion from his...Read More
