Off-late, Bitcoin has been moving sideways on the charts and hasn’t exactly been the center of attraction either. Today, DeFi, yield farming, and liquidity pools are the hype. While DeFi has temporarily stolen the spotlight, altcoins seem to be enjoying Bitcoin’s respite. One thing to note here is that despite Bitcoin’s almost-dormant price action, the...Read More
CoinMarketCap Chief Executive Officer Carylyne Chan and Vice President Spencer Yang have departed from the leading cryptocurrency price tracking company. In an open letter on her blog, Chan bid adieu to CoinMarketCap community after working with them for 2.5 years. Chan hinted that she could soon begin a new venture of her own as she...Read More
Over the course of 2020, institutional investors have been keen on investing in Bitcoin Futures on regulated markets. A popular choice among institutions has been the derivatives giant Chicago Mercantile Exchange (CME). The popularity of the same can be highlighted by the fact that Bitcoin Options volume on CME rose by 1000% in May 2020...Read More
Bitcoin has hit $12,400 and $11,100 within the last two weeks but still, the price is range-bound. The range being $12,500 to $10,850. Since bitcoin’s tap at the $11,500 low on August 5, the price has managed to form a bearish pattern – rising wedge. Hence, in the short-term bitcoin has a bearish outlook. Bitcoin...Read More
With the defi and the yield farming frenzy spreading like wildfire, it feels like the start of a bull run. A number of parallels can be drawn between the upcoming rally and the 2017 bull run. But are we ready for the next bull run? As addressed in the previous article, there are three aspects...Read More
BitMEX the old? Once the OG and pioneer, BitMEX seems to be getting old, or at least the contracts listed on the exchange are. There are contracts for 8 coins – BTC, ADA, BCH, EOS, ETH, LTC, TRX, and XRP. Most of these coins were popular in 2017 but few seem to have survived and...Read More
Cryptocurrencies and their proponents take a lot of pride in the former’s decentralized nature. In fact, if you ever hear someone pitching Bitcoin to someone else, you can be pretty sure that decentralization and a lack of central authority will be one of the first features he/she will highlight. A pitch like that is well...Read More
Growing institutional interest has been a driver for Bitcoin’s price since July 2020. However, in what is being termed as the bull run of the season, other drivers of growth such as increasing liquidity, demand by new buyers, and Bitcoin’s volatility on spot exchanges, are also rearing their heads. For Bakkt, institutional interest has contributed...Read More
At the time of writing, Bitcoin seemed to have briefly reclaimed the $11,500-mark, before dipping into the mid-$11,400’s, again. The world’s largest cryptocurrency showed some bullish signals on the charts, however, and could reclaim $11,800 if buyers seize control. Similarly, IOTA appeared to have broken out of its downtrend and looked ready to initiate an...Read More
A recent report released by Chainalysis revealed how U.S officials including the FBI, among other agencies, investigated the recent case of cryptocurrencies stolen by the Lazarus Group, a North Korea-affiliated hacker group. It was published soon after the U.S. Department of Justice forfeited 280 crypto-accounts involved in the laundering of approximately $28.7 million worth of...Read More
Bitcoin’s on-chain fundamentals grew stronger post its second halving in 2016. However, while most traders have historically been focused on the world’s largest cryptocurrency’s price action, there is a degree of ignorance when it comes to studying metrics for building a trading strategy. Here are just a few of them that highlight such growth in...Read More
The U.S Securities and Exchange Commission (SEC) charged two Maryland based companies over a Ponzi scheme that allegedly defrauded approximately 1,200 investors, of more than $27 million by promising to trade their money on crypto exchanges. SEC charges Ponzi scheme targeting African immigrants https://t.co/lyrs3RSViJ — SEC_News (@SEC_News) August 28, 2020 The illegitimate companies involved in...Read More
The international energy company, Equinor plans to repurpose gas flaring from U.S oil fields to support Bitcoin (BTC) mining, according to a new report from Arcane, a cryptocurrency market research hub. Arcane Research said that it received screenshots from Equinor’s blog that detailed the company’s plans to use natural gas, instead of flaring it, in...Read More
SBI Holdings, a financial services company based in Japan announced addition of CFDs for premiere cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP. The trading will begin on 31 August on SBI FX which is SBI Holdings’ retail forex brokerage platform. These contracts for differences or CFDs allow traders to settle the differences between the...Read More
Halvings are important events in Bitcoin’s price cycle, especially because a lot of expectations are tied to these events. However, while Bitcoin’s price did end up higher post the first two halvings, it did take quite a few months for the price to do the same. Post the first halving, the price rose by over...Read More
Bitcoin‘s price was once again consolidating yesterday as many of the market’s traders awaited the Federal Reserve Chair Jerome Powell’s speech. The market anticipated the Fed to raise the inflation rate, but Powell introduced new plans to target inflation averaging at 2% over time. However, while the Fed Reserve chair shared his insights, Bitcoin’s spot...Read More
With another month coming to an end, it is important to note that month-ends are generally associated with the expiration of Bitcoin derivatives products. With the Futures and the Options market noting great interest from traders, there are now nearly 66,400 BTC Options set t0 expire on 28 August, as per data provider Skew. Source:...Read More
U.S. officials like the FBI, US Treasury, US Cyber Command, and the Cybersecurity and Infrastructure Security Agency issued a warning against North Korean hacker group ‘BeagleBoyz,’ which have resumed its attacks on banks and ATMs around the world. The officials also revealed that the hacker group was behind lucrative cryptocurrency thefts. The alert said that...Read More
The cryptocurrency market has provided an alternative to the age-old banking system, with the year 2020 at the fore of showcasing its ability to swiftly bounce back after the pandemic hit global markets. More and more people have been shifting their focus to Bitcoin and other cryptocurrencies as a hedge against global events. Joining Bitcoin...Read More
DCG, the venture capitalist firm that invests, buys and builds blockchain companies has entered the bitcoin mining sector. According to reports, DCG committed to investing $100 million into DCG’s wholly-owned subsidiary Foundry. The company will support staking and mining operations in North America to mine Bitcoin. Foundry said it will provide the miners with market intelligence...Read More
The selling pressure bearing down on Bitcoin seemed to be exceptionally high, at the time of writing. Since the end of July, Bitcoin has now re-tested its support at $11,400-$11,200 more times than it has breached $12,000 on the charts. With every passing day, bullish momentum has lagged in terms of intensity and with altcoins...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the latter is the sole opinion of the writer Bitcoin has been under immense bearish pressure lately. For the 2nd time in a week, Bitcoin tested its support line at $11,361. In fact, it was also observed that Bitcoin had...Read More
China is in the news a lot. Whether it be Bitcoin, a trade war, or a pandemic, a closer look usually reveals that much more is happening under the hood, especially when it comes to all things crypto-related. In addition to altcoin trading or trading in general, stablecoin transactions are also highly concentrated in China....Read More
The cryptocurrency market has for long been eagerly waiting for an opportunity to participate in a rallying market, especially since the Bitcoin halving in May. Now, it would seem that it has finally got this opportunity. At the time of writing, the market was noting a rising number of BTC holders, especially among whales. In...Read More
The rise in volatility has made the cryptocurrency market a very competitive space as every coin strives to make the most of the active market. Bitcoin, the largest digital asset has been also a spectator of sudden volatility pushing it to a yearly peak of $12,400 on 17 August. After the sudden boost in volatility,...Read More
Since the start of 2020, Bitcoin market cap dominance has been challenged valiantly by the altcoins. Their performance, led by the likes of Ethereum, Chainlink, and Cardano, cannot be undermined, and neither can DeFi’s growth be ignored. Source: Arcane Research According to Arcane Research, Bitcoin’s dominance is currently at a yearly low since amassing a 70%...Read More
Bitcoin volatility gained momentum in late July when its price marked a new yearly high above $12k. However, BTC has shed 6.61% of its value since and was witnessing tremendous selling pressure from traders. At press time, BTC value had dipped to $11,493, while BTC futures on BitMEX worth $7.7 million were getting liquidated. According...Read More
Back in May 2019, Bitcoin started at $4000 and came close to $14000 however the momentum could not be sustained and there was a subsequent fall in the price. There were signs of a bull run in the first half of 2020 in anticipation of the upcoming halving and the event acted as a potential...Read More
Since its mysterious inception to being a well-known asset, bitcoin has come a long way. The bitcoin community, however, has moved from doubt to amusement to where it stands now, a fan, follower, etc. People have come into the community and stayed while others haven’t. The point is that the community has retained a few...Read More
The ongoing Bitcoin price rally is lucrative to traders on spot and derivatives exchanges, however, there are several factors that may influence the trajectory of the coin. This article takes a deep dive into the red flags to look out for. Looking at Bitcoin’s 24-hour change, the change is less than 0.50 percent, and weekly...Read More
