Plus Token, Bitconnect, OneCoin, had one thing in common – an investment deal that sounded too good to be true and when something’s is too good to be true, it usually is. With One Coin Ponzi, Ruja Ignatova was the leader who managed to ‘enchant’ thousands, if not millions, of her followers into investing in...Read More
Bitcoin’s funding rate has largely been negative for more than 3 months while the price barely moved. This shows that not only is the volatility low but buyers are being evened-out by sellers. Bitcoin Funding Rate Source: Skew Funding Rate is used to measure the sentiment of an asset; to determine the dominating side –...Read More
Bitcoin’s price has been under $9.5k since 25 June. Despite the sideways movement, a rise in selling pressure pushed the price of the coin between $9.2k and $9k, however, the dull movement of price cost the BTC network to lose many miners due to heavy operational costs. According to data, the BTC miner’s revenue slipped...Read More
Bitcoin has had a slew of crimes related to it in the past few years, that’s the price you pay for using a censorship-resistant universal cryptocurrency. But looking at the facets of what makes a criminal gravitate towards a particular form of payment, one can say that among cryptocurrencies, Bitcoin does not have all the...Read More
Cardano, now the eighth-largest cryptocurrency in the market, has been one of 2020’s best-performing cryptocurrencies, with its price-performance putting the likes of Bitcoin in the shade. In fact, since hitting its price bottom for the year in March, ADA has surged exponentially, outperforming Bitcoin by 200% and the rest of the altcoin market by 250%....Read More
Sextortion is a fairly new word. Much like ‘selfies’ and ‘memes’ sextortion is an addition to the English language because of the growth of technology. But unlike a self-portrait of a ‘duckface’ or an ill-pronounced word depicting pictorial humor, sextortion is far more nefarious, and not in the least bit funny. Sexual extortion involves withholding...Read More
Bitcoin underwent a bearish pattern that pushed its price from $9,216 below $9,000 for a brief moment. As the coin moves sideways on support at $9,016, the tussle between the bears and bulls continues. At press time, the market cap of bitcoin exceeded $165 billion and has a $12.5 billion 24-hour trading volume. Bitcoin One-Hour...Read More
Over the past few years, Bitcoin has fought to be considered a safe-haven asset. While precious monetary metals like gold still dominate this category and are able to retain their value with low correlation to the financial markets, many are now turning to Bitcoin to fulfill the role that gold was accustomed to dominating. However,...Read More
If you’ve been in the cryptocurrency space for a while, you’ll know that the second most important coin in the market is Tether. While the categorization of the stablecoin under the tag “cryptocurrency,” much less “decentralized currency,” can be debated, its significance in the market cannot be understated. As things stand, Tether [USDT], is the...Read More
The year’s last quarter was perhaps the most anticipated quarter since Q3 of 2016. Any guesses why? Well, if your guess was the block halving, then you guessed right. On 12 May, Bitcoin noted its third block halving, with its supply cut in half, down from 12.5 Bitcoin per block to 6.25 Bitcoin per block....Read More
For the most part, Bitcoin has struggled to go past its psychological resistance at $10,000 in the year 2020. Just like traditional financial markets, crypto-markets also took a significant blow as soon as the scale of the COVID-19 pandemic came to the fore. However, with half of 2020 now gone, Bitcoin’s fortunes may not necessarily...Read More
With Bitcoin’s price expectations, there are usually three camps. Well, there’s actually just two, but the third one doesn’t count, because it is filled with level-headed people. There’s one camp, consisting of the John McAfee type or the Peter Schiff type claiming, ‘Bitcoin will inevitably crash and burn.’ While this form of categorization is useful...Read More
The Bitcoin derivatives market was supposed to have its day in the sun last Friday, on the 26 of June 2020. Even with over 115,000 Bitcoin Options contracts expiring, the price has not budged. The largest cryptocurrency by market capitalization is still stuck in the same range between $9,000 to $10,000, unshaken for two months. ...Read More
Will ‘Project Catalyst’ catalyze Cardano? The 2020 edition of the Cardano Virtual Summit was expected by many to have in store many major announcements for the ecosystem. And it didn’t disappoint. Among a slew of other announcements, perhaps the most crucial one was the launch of Project Catalyst, “an experimental fund and toolset designed ultimately...Read More
When compared to April and May, June can be considered to be a disappointing month for Bitcoin. A Price depreciation of over 13 percent summed up Bitcoin‘s turbulent Q2. Initially, after the halving in May, many users had expected Bitcoin to register a correction of close to 30 percent from its peak at $10,000, but...Read More
The past few months have seen uncertainty rise to newer levels, with a raging pandemic crippling financial markets across the globe. For many commentators, situations like these are ideal for Bitcoin to showcase its safe-haven qualities. With the federal government on a fiat printing spree, while introducing quantitative easing measures to revitalize the economy, the...Read More
For users who value financial privacy, cryptocurrencies have always been extremely relevant alternatives. Cryptocurrencies like Bitcoin have their origin story deep-rooted in this core ideal, clubbed with a general mistrust of institutions that wield a lot of power. Thus, the decentralized and trustless system on which all other cryptos are based on was born. Privacy...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-48 hours After dropping down to $8,933 on 27 June, Bitcoin has registered a minor recovery on the charts, with the cryptocurrency climbing back over $9100. At press time, it was priced at $9,180. In fact, June, again, has easily been the most...Read More
Privacy? What privacy? While most users of Bitcoin and other cryptocurrencies value their financial privacy, not all of them understand the true nature of Bitcoin. Bitcoin does not guarantee anonymity, but only pseudonymity. This was perhaps the misconception held by a convict who recently lost his appeal before a court in the United States. The...Read More
2020 was hyped up to be a monumental year for the world’s largest cryptocurrency – Bitcoin, primarily because of its third block reward halving. However, the doom and gloom of 2020 seem to have had a serious impact on Bitcoin, and by extension, the larger crypto-market. Uncertainty in the crypto-market and lockdowns due to the...Read More
The Bitcoin community has juggled multiple reports and speculations over the past few weeks, all regarding Grayscale’s BTC accumulation, a development that in the minds of many, represents the rise of institutional investors. However, hypnotized by developments such as these, people tend to forget about the market’s reliance on retail investors just a few months...Read More
Bitcoin has been seeing a drop in volatility lately, with its price range-bound for a while now. In fact, the extended bear market has also contributed to new entrants emerging less optimistic, and this can be seen clearly when BTC’s maturity charts are observed. Bitcoin’s tussle with $10,000 & accumulation Anything above $10,000, particularly $10,500,...Read More
COVID-19’s impact on the financial industry has been strong and noticeable. In fact, there are reasons to believe that COVID-19 will have a dynamic and significant impact on the world’s economic landscape, both at present and in the future. Analysts across the globe are now evaluating how COVID-19 will necessitate a large-scale re-examination of research...Read More
Wealth distribution is a tricky subject, primarily because the crisis is real and has been around for such a long time that inequality is now shockingly entrenched. Here’s a wild statistic – A little over 2,000 of the world’s billionaires possess more wealth than 60% of the planet’s population. The consequences of this broken economy...Read More
After noting a series of pullbacks over the past week after Bitcoin fell, many of the market’s alts, again closely following the king coin’s price movements, appeared to be consolidating, at the time of writing, with the collective market cap rising to $260.3 billion. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin enjoyed a rather flat...Read More
Bitcoin investors have been on an accumulation spree for quite some time now. Leading up to the halving, investors, both retail and institutional, were HODling the world’s largest cryptocurrency. While the third supply cut event did not contribute to any wild swings in the price market, the following month also saw flat movement. Interestingly, during...Read More
Bitcoin as a financial asset has drastically grown in popularity in the past few years. As adoption continues to grow and fiat on-ramps and off-ramps become easily accessible, Bitcoin’s user base has grown and diversified significantly. The past few years saw greater institutional interest. While the Hodl culture within the community continues to be dominant,...Read More
For many cryptocurrency users, privacy continues to remain a high priority. Popular cryptocurrencies like Bitcoin enable users to not just benefit from a more secure form of ‘money’ that is immutable but also adds the added benefit of being censorship resistance. However, the past few years have seen privacy-centric cryptos such as Monero and Zcash...Read More
It’s safe to say 2020 has not gone the way most people thought it would. Bitcoin was lauded to surpass every expectation following it halving in May. With the path towards its halving littered in quantitative easing and fiscal stimulus, the cryptocurrency’s prospects were further bolstered, but now it looks bleak. After trading in sideways...Read More
Nowadays every Bitcoin price drop is a reminder of ‘Black Thursday.’ On March 12, the price of the largest cryptocurrency in the market dropped by over 50 percent to a 12-month low and marked the biggest single-day drop over seven years. Despite the severity and the swiftness of the drop, it was not remembered as...Read More
