Last week, as Bitcoin, the world’s largest cryptocurrency, dropped down close to $10,000, the markets got tense. After nearly a month over $10,000, with the better part of it pushing and pulling against the $12,000 mark, a massive 13 percent drop over two days was a cause for concern. But now, one week on from...Read More
Bitcoin’s surges, over lower time frames, are really good for scalps with tight stop-losses. However, doing so can also be equally risky. At the time of writing, Bitcoin was hovering around $10,550, with the world’s largest cryptocurrency eyeing the $10,600-mark and the levels above it. Bitcoin short-term price chart Source: BTCUSD on TradingView Over a...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’s price has dropped by 11% from $11,736 to $10,390 – all in a matter of just 10 days. In fact, some argue that the price may plummet even further with rising liquidity on the horizon. However, there are bigger concerns to take care of, such as the question of how this liquidity will be...Read More
The first 10 days of September have been eventful, setting the tone for the rest of the month. Huobi Futures, the crypto-derivatives market of the Huobi Group, rolled out BTC Options trading on 1st September, and within 10 days of the launch, BTC Options Open Interest had soared by 110%. Source: Skew At the same...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
When the markets collapsed in March, many thought it would be years before the pre-pandemic highs were revisited. After all, the bull market which gave the S&P500 a high of 3,500 points had been playing out uninterrupted for close to a decade. Fast forward six months since the worst stock market drop since the Great...Read More
Bitcoin’s potential use cases have evolved a lot since its launch over a decade ago, with quite a few factors contributing to the same; scalability being one of them. Interestingly, in a bid to boost Bitcoin’s scalability as a payment solution and to improve on its security features, the Lighting Network was once pitted as...Read More
Innovator and co-founder of Morgan Creek Digital, Anthony Pompliano, announced the launch of a new fund structure that would allow “investable entities” who could also use that money to fund other opportunities. Today I’m announcing the launch of a new early-stage venture fund 🚨 You can read more here, including how any accredited investor can...Read More
The Bitcoin spot market may be wrestling with the resistances and support, but synthetic Bitcoin tokens have been increasing. According to reports there were over $700 million worth of synthetic bitcoin tokens circulating on the Ethereum blockchain and Wrapped Bitcoin [WBTC] commanded a large number of coins amounting to almost 63%. WBTC has been witnessing...Read More
Singapore authorities have sentenced a man for robbing a Bitcoin investor of S$365,000 (U.S $267,097) in cash, to three years in prison, and 12 strokes of the cane yesterday, according to a report in The Straits Times. The accused, Jaromel Gee Ming Li, 29 pleaded guilty to engaging in a conspiracy to commit robbery along...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
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
The rally is over and it is time for a correction. Ever since the beginning of September, the crypto market has been witnessing a long, overdue correction. This has resulted in the overall market cap to fall from $386.63 million to $334.28 million. Whereas the largest digital asset, Bitcoin has lost almost 13% of its...Read More
Bitcoin Association of Hong Kong, which includes over 5,000 Bitcoin-focused members, today announced that it would use donations to buy advertising spaces to post Bitcoin ads that would educate locals about the merits and risks of the premier cryptocurrency. According to the release, these Bitcoin ads will be displayed on three Bitcoin-themed doubledecker trams. Besides...Read More
The value of Bitcoin continues to trail under the resistance of $10,440 in the charts, as its inability to peak above continues to draw speculation. Although over the week, the asset has slowly bridged the gap from a bottom of $9890, a prolonged period of consolidation may cause exhaustion in buying pressure as well. The...Read More
The last few days have been nothing but sloppy in terms of Bitcoin’s price action. The cryptocurrency dipped below $10,000, recovered, and, most recently, failed to conquer $10,500. According to a popular Bitcoin analyst, there’s an important level that should hold if we are, indeed, in a bull market. This Level Should Hold Bitcoin’s Price...Read More
The Internal Revenue Service (IRS) wants in on activities happening on Monero and Bitcoin’s Lightning Network. That’s why the Federal organization is inviting applications with demonstrated working prototypes that can break into the privacy coin network and trace transactions on BTC’s layer two chain. IRS will offer $625,000 for the same. IRS Will Fund Monero,...Read More
Jack Dorsey’s financial services company Square has established a non-profit organization called Cryptocurrency Open Patent Alliance (COPA). Working independently from Square, the entity aims to ensure open access to blockchain technology in the digital asset sector and fight patent trolls. Square Creates COPA According to Square’s announcement, COPA aims to stop companies within the cryptocurrency...Read More
Since the beginning of September, most of the market’s attention has been on the price of Bitcoin, Ethereum, and a few of the top altcoins, with the industry continuing to tackle intense bearish pressure, at press time. Amidst all the noise, however, on-chain development seems to have been forgotten somewhat, with the new Coinmetrics report...Read More
Despite the recent price swings and Bitcoin losing nearly $2,000 of value in a week, the number of addresses containing at least 1 BTC has marked a new all-time high. Also referred to as “wholecoiners,” those network addresses have reached 823,000. BTC ‘Wholecoiners’ At ATH The data analytics company Glassnode recently published information regarding the...Read More
Bitcoin rose Thursday after it was announced Jim Cramer would be investing in BTC. BTC/USD bulls cheered as Anthony “Pomp” Pompliano made the announcement. The CNBC “Mad Money” host is the latest high-profile investor to jump on the cryptocurrency bandwagon. Jim Cramer is the newest high-profile “bitcoiner.” Anthony “Pomp” Pompliano has managed to convince the...Read More
The cryptocurrency industry, while looked down upon with a lot of suspicion once, is turning out to be the saving grace of many investment portfolios today since Bitcoin is proving itself to be an asset that can hold its value in the long run. Institutional interest in Bitcoin, aided by increasing regulatory clarity, has surged...Read More
Two significant NetWalker ransomware attacks have surfaced in the past week. After Argentina’s official immigration agency suffered a hack demanding $4 million in Bitcoin, a recent report revealed that Pakistan’s largest power producer was compromised. The perpetrators demand up to $7.7 million in BTC. $7.7M In BTC Demanded From Pakistan Power Producer The cybersecurity website...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Clocking in at a low of $9,980 on the morning of 9 September, Bitcoin soon recovered by close to $600 in a matter of just 24 hours. However, despite the sudden bullishness,...Read More
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
Bitcoin and the crypto-market have noted quite a few ups and downs in their fortunes over the past few months. However, despite the fact that the world’s largest cryptocurrency did fall below $10,000, and at press time, was struggling to consolidate right above that level, it is safe to argue that Bitcoin has remained fairly...Read More
The cryptocurrency market has registered a wave of corrections over the past few weeks. In fact, the price of the world’s largest digital asset, Bitcoin, has fallen by over 14% since the beginning of September, with a host of liquidations on 2 and 3 September responsible for the cryptocurrency’s price falling below $10,000. However, Bitcoin...Read More
This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem. Economic Activity Surges A recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped...Read More
The cryptocurrency market has been a great place for traders, until recently. Over the weekend there was a major correction setting in the market, that changed the existing trends in the market. As Bitcoin’s price crumbled under $12k, the unprecedented pressure in the market pushed its value briefly under $10k. The lowest price level seen...Read More