The Nigeria Securities and Exchange Commission (SEC) has released a proposed cryptocurrency regulation guideline while classifying crypto assets as securities. Crypto Regulations Underway According to an official release on Monday (September 14, 2020), the Nigeria SEC announced that the commission is looking at a three-pronged approach towards regulating the crypto industry. The SEC also stated...Read More
Bitcoin’s price has finally broken above the $10,580 range high and is now surging towards the psychological $11,000 mark. The increase appears to have been caused by an influx of $12 billion flooding into the crypto market during the US trading session. This uptick in investment has helped lift the entire market back into the...Read More
Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak. On the Bitcoin blockchain, as the amount of BTC being...Read More
One of the world’s leading and popular Bitcoin derivatives exchanges, BitMEX, has installed Blockstream’s Bitcoin satellite system. It’s a way to download and to verify Bitcoin’s blockchain through a satellite without having to be connected to the Internet. Apart from the fact that one of the leading exchanges is showing open support for Bitcoin, this...Read More
After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370. Bitcoin Rejected At $10,560 During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its...Read More
Bitcoiners in Hong-Kong have come up with a new way to spread awareness of Bitcoin on a large scale. Starting September 11, three double-decker trams decorated in Bitcoin messaging are running concurrently through the streets of Hong-Kong, bearing facts and slogans aimed at educating people about BTC. Earlier in August, the well-known digital currency hedge...Read More
As of writing these lines, Bitcoin’s price has fallen back down to the $10,300 level in the last few hours, after bears overpowered a second breakout attempt from the current range. Looking at the candles more closely over the 1-hour time frame, it seems like this latest move was orchestrated by whale traders to trick...Read More
Bitcoin has taken another swing at the previous 2020 high of $10,500 and currently trades above it. Ethereum nears $400, while the top 10 tokens see a few rotations, including Polkadot and Binance Coin. DeFi tokens are booming again with Yearn.Finance marking a new all-time high of about $44,000. Bitcoin Progresses Steadily The primary cryptocurrency...Read More
Bitcoin continues to trade in the five-digit territory and even spiked towards $10,400. Binance Coin (BNB) is among the best performing tokens today, while most other larger-cap alts are marking minor gains. Bitcoin Struggles At $10,400 After the unsuccessful attempt to overcome $10,500, Bitcoin dived yesterday and bottomed at about $10,200. However, the bulls interfered...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 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
Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360. Bitcoin Stopped At $10,500 The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even...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
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
A few days after being hacked and drained for $5.4 million worth of digital assets, the European cryptocurrency exchange Eterbase claimed that it had tracked part of the stolen funds to Binance, Huobi, and HitBTC. The company asked for assistance from those exchanges and reassured its users that Eterbase will endure. $5.4M In Crypto Stolen...Read More
Bitcoin’s price is still whipsawing between $10,420 and $9950, as of today, despite $11 billion which were flooding back into the global crypto market over the last 48 hours. It appears a vast majority of this new investment is pouring into Ethereum, which is enjoying a 7% daily price gain right now and is the...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
Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day. Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches...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
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
Bitcoin has had a rough week of trading. Roughly about eight days ago, the cryptocurrency was hovering above $12,000, causing many to believe that the bull run will take it above the current yearly highs and push forward. The entire community was ecstatic, and there were little to no signs of bearish sentiment. As it’s...Read More
Bitcoin slid once again beneath the $10,000 mark, but it stands above it now. Most of the altcoin market retrace today, especially DeFi representatives. BTC’s high correlation with the stock markets could suggest further declines, as Wall Street marked significant losses during yesterday’s trading session. Bitcoin Recovers From Another Sub-$10K Trip As reported yesterday, BTC...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
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 dived once more under the $10,000 mark, but it rapidly bounced off and sits above it now. The rest of the market resembled BTC’s movements with initial dumps and quick recovery. Given the high correlation, all eyes are now on Wall Street as the market will open today for the first time since Friday...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
So much for ‘this is the last time you’ll see Bitcoin under five figures”. Bitcoin price is now hovering along the top of the unfilled CME gap at $9,925, and looking very likely that it will break down to $9,665 soon to close it off. This anticipation of more downside in the short-term has been...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
