Yesterday’s fake Bitcoin giveaway scam on Twitter unleashed a series of events and comments from prominent figures. While some spoke against the popular social media platform, others against BTC, a US Congressman stood behind the primary cryptocurrency and blamed it on “centralized control.” US Congressman: Bitcoin Isn’t The Problem As yesterday’s Twitter hack, which unfolded...Read More
Disclaimer: The findings of the following analysis underline the instability of movement in the Bitcoin market, with the same likely to steady itself over the next 24-hours The phrase ‘any publicity is good publicity’ is often subjected to a lot of debate in the digital asset industry, with market sentiment often very quick to flip...Read More
It’s no secret that many institutional investors have taken quite a shine to cryptocurrencies and the digital assets market over the past few months. While the likes of Bitcoin and crypto, in general, have benefitted from clearer regulations (In the case of Bitcoin – its safe haven and store of value narratives have gained substantial...Read More
It’s not often the tech, crypto, political, and celebrity worlds converge, but that’s exactly what happened on July 15 after a bitcoin giveaway scam replicated across dozens of major Twitter accounts. From billionaires to entrepreneurs, and from crypto traders to exchanges, high-profile accounts of all kinds were targeted in an audacious hack that’s left Twitter...Read More
The news broke yesterday on the Twitter scam that targeted some of the biggest accounts in the cryptocurrency industry. It turns out that the crypto field was not the target, but Bitcoin was the preferred means of payment for the hackers. As CryptoPotato reported, multiple accounts were hacked with a message promising that if users sent...Read More
Although Bitcoin received massive attention yesterday while hackers exploited almost every world leader’s Twitter accounts, the asset price refuses to move outside of its comfort zone of approximately $9,200. The altcoin market, though, remains volatile – Chainlink reached a new all-time high yesterday, Tezos next? Twitter Hack Can’t Shake Bitcoin All eyes were on the...Read More
A common topic of discussion over the past couple of months has been the stalling price of Bitcoin. After its halving in May, the major asset repeatedly failed to breach $10,000, and other than short-term consolidation above the resistance, BTC was unable to sustain a higher position. Source: CryptoCompare London-based data service CryptoCompare revealed in...Read More
Defi is seeing quite a bit of improvement with over 15,000 BTC locked in. Another reason for Defi taking off is the success of the Compound platform’s Comp token. At press time, over 85,560 Comp tokens have been distributed to users. With each token priced at $160, this value comes up to $13.6 million at press...Read More
The continuous rise of institutional interest towards the cryptocurrency industry is exemplified by Grayscale Investments’ record Q2 2020 earnings report. The large digital asset management company announced today that it had received total investments in Q2 of over $900 million – $400 million more than its previous record. Grayscale’s Best Quarter To date The company,...Read More
Cryptocurrencies have managed to garner a lot of attention from users worldwide and it has forced regulators to take a closer look at the technology. The United States has been cautious in forming guidelines for the cryptocurrency industry and this has been often led to the question regarding whether the United States is lagging when...Read More
Bitcoin’s price has been trading in a very tight range for a while now. The cryptocurrency seems unable to break out in any directions, while in the meantime, altcoins are popping massively. This has led to a 3% decrease in Bitcoin’s dominance, which measures the share of BTC relative to the entire market capitalization. However,...Read More
Darrel “Bubba” Wallace, who is the only African American to win one of NASCAR’s top three national touring series, is apparently going for victory carrying the Bitcoin logo on his car. The New Look Consists Of BTC and Cash App Logos In a recent post, Twitter CEO Jack Dorsey brought the spotlights to the NASCAR...Read More
BitMEX’s parent company, HDR Global Trading Limited, has established a new holding company structure – 100x. As BitMEX will fall under the new structure, the organization noted that it would enable the platform more freedom to develop new features and opportunities for clients. A New Structure Above BitMEX HDR Global Trading Limited is the company...Read More
Ethereum is currently undervalued and is poised to increase in the long-term, potentially reaching market cap parity with Bitcoin, some analysts claim. Ethereum Might Be Bullish In the Long-Term As Ethereum is getting closer to its 5th anniversary, some market onlookers are waiting for its revival, especially amid the context of the awakening altcoin season....Read More
Bitcoin has been carrying the torch as the largest cryptocurrency in the market and even if it has been down on its luck at the moment, its off-chain performance has been picking up. Projects like Liquid Network, Lightning Network, and DeFi have been proving to drive growth and adoption for the Bitcoin ecosystem. The Bitcoin...Read More
Among Bitcoin, altcoins and shitcoins, something fundamentally changed for the latter. While altcoins soared through the figurative roof, Bitcoin is still strutting with little or no volatility. As for the shitcoins, this mysterious change took place exactly 17 days ago, when altcoins, shitcoins, mid-cap perps [perpetual contract], all started surging. This sudden surge was meteoric...Read More
Cryptocurrency exchange Huobi Global revealed plans to launch Bitcoin Options. The plan for this launch comes at a time when Bitcoin has been coiling-up and in an extended bear market, awaiting a bull run. Huobi Global’s entry into Bitcoin Options isn’t a surprise especially considering how successful its Futures were. At press time Huobi’s 24-hour...Read More
It is becoming increasingly difficult to justify an imminent bull run for Bitcoin based on market analysis. The largest digital asset has hardly budged from its consistent price of $9500-$8800 over the past couple of months but its fundamental metrics continued to remains bullish on its future. Source: Glassnode According to Glassnode’s recent weekly insights...Read More
Since Bitcoin began entering mainstream finance there was always anticipation around ‘when will the institutions arrive?’ Motivation was merely price-centered, and the logic for the same went something like this, when institutional investors arrive, they will bring in bags of cash waiting to be dumped into the Bitcoin market. This massive dump in the cryptocurrency...Read More
The price of bitcoin keeps rejecting higher heights as the top cryptocurrency fails at major support levels. Bitcoin is expected to attain a lower price altitude within the next few days if the sellers continue to pressure hard. In the long run, buyers stepping in to reverse an inbound bear market will have to conjure...Read More
Bitcoin’s dramatic fall in the month of March elated many who were critical of the king coin’s store-of-value and safe-haven characteristics. In fact, a recent paper highlighted the same, while also suggesting that for investors who choose to have a percentage of their portfolios allocated to Bitcoin, there is an increased downside risk. This is...Read More
Over the past decade, Bitcoin’s evolution and perception can be best typified by a revolving door. From being conceptualized as a peer-to-peer electronic cash system, Bitcoin is today seen as a store of value, an asset with safe-haven properties that can be used to hedge against socio-political and economic uncertainty. However, is that the case?...Read More
Cancel Culture – A term that has been doing the rounds lately after the open letter by Harper’s, one signed by the likes of Noam Chomsky, Margaret Atwood, Salman Rushdie, and J.K Rowling went viral. At its simplest, it refers to the withdrawal of popular support after a public figure or entity says or does...Read More
Despite speculations that miners may abandon ship following the 2020 Bitcoin halving, the network’s security has been primarily increasing, and the hash rate reached a new ATH days ago. In response, the network increased the mining difficulty earlier today by almost 10%, reaching a fresh all-time high as well. Bitcoin’s 10% Difficulty Enhancement Upon creating...Read More
In the global cryptocurrency world, the price of Bitcoin is always measured in dollars. As things stand, Bitcoin is trading at $9,200, and it has been trading around this price range for the better part of three months now. But looking at the larger picture, of a decentralized currency at a time of economic uncertainty...Read More
We’re now into the third month of low volatility in the cryptocurrency markets. Owing in larger, or complete part, to Bitcoin trading in a tight trading zone between $8,800 to $10,000. But it looks like the wait for the largest cryptocurrency in the market, holding over two-thirds of the total market, to turn the tide...Read More
Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic. With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin. Lebanon: How...Read More
Ethereum has seen its active addresses count explode by nearly 150% since the start of the year. Its addresses are also massively outperforming Bitcoin’s despite being up by 50% YTD. Ethereum Outperforms BTC In New Active Addresses According to data provided by the blockchain monitoring company Messari, the number of Ethereum active addresses year-to-date has...Read More
With Bitcoin dominance on the decline, altcoins have surged to new highs thus opening up the possibility of another altseason. To be precise, an alt season is part of the market cycle when excessive surges in the price of altcoins against Bitcoin and the fiat currency are noted. This surge in price takes place after a period...Read More
Binance Coin least profitable exchange token, OKB most for Q2 Now, it seems like every exchange has issued its own token. From Binance Coin to FTX token, the top-coins on Coinmarketcap are littered with several exchange tokens, many of which have been issued in the past 12-months. As far as their recent performance goes, they...Read More
