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
A report compiled by the blockchain forensics company Chainalysis indicated that cryptocurrency adoption is growing globally. By exploring four key metrics and separating the data country by country, the firm’s Global Crypto Adoption Index 2020 showed that Ukraine, Russia, and Venezuela lead the way. The metrics take into consideration the purchasing power parity (PPP) per...Read More
Macro-scale data reveals that the correlation between gold and Bitcoin has surged in 2020, registering a new all-time high. Although both assets are in the green year-to-date, Bitcoin is still outperforming the precious metal, despite the recent price drop. BTC-Gold Correlation At ATH According to data from the analytics company CoinMetrics, the 60-day correlation between...Read More
I get it. With the price still just over $10,000, down from the year-high peak of $12,000, and looking weaker by the day, it’s tempting to sell Bitcoin at this time, but would you gain anything by selling, and more importantly, is anyone selling? To those who’ve simply gotten into cryptocurrency as a form of...Read More
Bitcoin and cryptocurrency exchange Kraken says that the drop in BTC’s volatility is not the end of the story. Historical observations suggest that after losing gains and remaining lifeless on the trading front, Bitcoin will galvanize into action soon, to end the year on an explosive note. Despite September Crash, Kraken Bitcoin Volatility Report Has...Read More
Hodling as a strategy to drive up prices is still as relevant as 2016 and early 2017. A third of UK companies had stockpiled Bitcoin in 2016, well ahead of the anticipated bull run. Their reason was protection against hacking and ransomware attacks, however, the risk is higher with Bitcoin’s involvement. This Hodling incident was...Read More
Although this article isn’t different from a lot of bitcoin price prediction articles out there, this is a different article. The underlying reason for Bitcoin hitting $28,000 by November 1, 2020, is based on historical data and not just an analyst’s prediction. Bitcoin’s volatility is a well-known aspect of the asset and the fact that...Read More
A terrible past week saw the largest digital asset take a massive hit on its apparent bull run. Bitcoin, as we speak had dropped down by $2000 in a span of 48-hours, dropping from $12,048 to $9890 during the 1st week of September. At press time, Bitcoin was valued at $9954 but speculations were still...Read More
Austrian-based Bitcoin tax software developer Blockpit, announced acquisition of its German competitor CryptoTax, a tax compliance website, today. Both companies were founded in 2017, to provide legally compliant tax reports and taxable profits from trading with cryptocurrencies and the firms saw this merger as a midterm plan to internationalize company standards and expand into the US...Read More
Bitcoin’s range-bound roller coaster has started to head higher as the price rose to $10,400 level. As for the volatility, bitcoin has never had a poorer monthly [August] volatility in its 10-year history. August closed with monthly volatility of 44% a lot lower than its 10-year average 83% and a 10-year median of 61%. Source:...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
A popular cryptocurrency analyst pointed out that Bitcoin tested the 20-week moving average (MA) on its recent move down from $12,000 to $10,000. This could turn out to be a bullish sign for BTC, as identical price developments have pumped it higher during the last bull market in 2017. Bitcoin’s Recent Price Drops After dumping...Read More
Stablecoins have added $100 million a day in market capitalization over the past three months. Tether has contributed to this market cap with a trading volume that is 1.84 times that of Bitcoin as of September 7, 2020. However, this is only the tip of the iceberg. Tether reserves on exchanges, that were primarily used...Read More
The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain. Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth...Read More
Bitcoin is currently nestled right above $10,000, playing a game of tug-of-war with the resistance. Although it briefly went under $10k over the past hour, there is a feeling none of the price positions are permanent at the moment. With price exhibiting extreme turbulence, market sentiments were consequently changing as well on certain exchanges. Source:...Read More
Bitcoin Price Maintains above the $10000 mark After a two-day continuous dip, Bitcoin price viewed a slight increase, forming a new support level at $10200 for the intraday trading. However, the usual support remains below $10000 at $9900. Despite the decline, the crypto space seems to be assertive with the Bitcoin bull rally very soon....Read More
Customers in France can now pay in Bitcoin when they order from Just Eat France which is an online food ordering company and a part of the UK based Just Eat group. Moreover, the platform announced on its website that it would use Bitpay as its BTC payment provider. There was no official announcement about...Read More
Argentina’s official immigration agency suffered a ransomware attack with hackers demanding $4 million in Bitcoin, according to reports. The immigration agency otherwise known as the Dirección Nacional de Migraciones (DNM) suspended border crossings for four hours until officials revived the systems again from the attack, according to local reports. The cyberattack was first reported by...Read More
Bitcoin’s 2020 rally is stalled, for now. However, throw some liquidity and bullish trading sentiment in the mix and you have a winner. In fact, an in-depth look at Bitcoin Futures’ charts suggests that the cryptocurrency’s price may bounce back soon. A reason why this may be the case is that Open Interest and daily...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
The Australian Securities and Investment Commission (ASIC) has banned an Australian national from working in the financial sector. According to the watchdog, John Louis Anthony Bigatton operated as the Director of Australia Promotions for the notorious cryptocurrency scam – BitConnect. Aussie National Banned For BitConnect Participation As CryptoPotato reported last year, the Australian corporate regulator...Read More
Bitcoin’s latest price drop below its crucial support level of $11500 has once again re-ignited the question of ‘buying the dips’. However, not all dips are alike, and buying the dip may not always be your best bet. @CryptoWhale was among those who recently commented on the narrative of “buying the dip.” Source: Twitter Some...Read More
As is often the case in the digital asset market, an altcoin may perform extremely well over the course of a bull rally. In fact, it may even outperform Bitcoin, which is why in the eyes of many, such tokens might even look like the real thing. However, many of these would soon crumble under...Read More
After a freefall that led to an almost $2000 drop, Bitcoin’s price is showing signs of stability. From a March vs. September BTC price action comparison chart, however, it’s possible that the pain is just beginning. Why Did Bitcoin Price Crash Last Week? Several possible reasons can be attributed to Bitcoin’s near 20 percent crash....Read More
It feels weird writing about Bitcoin’s drop to $10,000 since usually, the headlines are all about Bitcoin’s rise above $10,000. However, with the market as bullish as it is now, a drop to $10,000 seems to be much worse than it actually is, compared to a rise over it. Even so, how bad is it?...Read More
The descent in Bitcoin’s price has been drastic but at the time of writing, it was holding steady above the $10,000 level, something that, as we all know, is ephemeral. Bitcoin’s price wants to dip to the low-$9,000s and the same will happen eventually, however, until then, keeping your hands off trading would be good...Read More
Any bitcoin drops under $10,000 are being bought up quickly leading to long bottom wicks. This shows that there are a lot of bidders under $10,000 waiting eagerly to buy bitcoin. At press time, however, on a lower time frame, Bitcoin formed a bullish pattern; hence, in the short term, we can expect bitcoin to...Read More
With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset. Argentina’s Economy Following The COVID-19 Lockdowns The South American country had been...Read More
