Russia’s relationship with cryptocurrencies and blockchain-based technology is undoubtedly a tumultuous one. While the country appears to support the nascent tech behind digital currencies, it’s also taking steps to limit their usage as much as possible. $8,000 of Crypto Per Retail Investor According to a new explanatory note that refers to a newly-passed law on...Read More
Serena Ventures, the VC firm of one of the most successful tennis players Serena Williams, has quietly removed the cryptocurrency exchange Coinbase from its firm portfolio list. The question remains if this development is strongly related to the apolitical approach taken by the US-based digital asset platform. Serena Ventures Removes Coinbase Years after launching Serena...Read More
After spiking to a new monthly high of about $11,700, Bitcoin has retraced slightly in the past 24 hours and sits at $11,400. Most altcoins have followed suit by charting minor losses. Bitcoin Drops To $11,400 As CryptoPotato reported yesterday, Bitcoin was heading upwards and reached a new 5-week high above $11,720. In the following...Read More
In times of pandemic, uncertainty, and risk, exposure to new of investments is more a necessity rather than a recommendation. According to Fidelity, one of the largest brokers in the U.S., Bitcoin is an excellent investment for those considering to exit banks and enter the markets. In October 2020, Fidelity Digital Assets, a branch of...Read More
Yet another major company has jumped on the Bitcoin bandwagon by purchasing 10,000 BTC and putting it to use as its primary treasury reserve asset. According to an official press release, the $13 billion asset manager scooped up the BTC through its subsidiary called New York Digital Investment Group (NYDIG). Speaking on the matter was...Read More
Popular bitcoin commentator Lark Davis, who goes by the name of ‘TheCryptoLark” on Twitter, just shared a BTC trend chart that has ‘bullish’ written all over it. Lark says that the top cryptocurrency is on the cusp of crossing the 50-day moving average, and every time it happened in the past, BTC rallied 42 percent...Read More
In a suddenly galvanizing rally, Bitcoin’s price shot to the $11,700 mark last night. Open interest has soared and is now at a 1-month high. Bitcoin traders are opening long positions and this trend was pointed by Willy Woo as well. At $4.3 Billion, Bitcoin Futures Open Interest Tops 1 Month High Also, a noticeable...Read More
XRP/USD – Bulls Attempting To Breakout From Consolidation Pattern Key Support Levels: $0.25, $0.244, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. At the start of October, XRP bounced from the lower boundary of a short term symmetrical triangle pattern at around $0.23. From there, the buyers pushed higher but initially struggled with the resistance at $0.251...Read More
The volatility index (VIX) is used to measure the implied levels of volatility in a market, and it also represents a counter index to traditional ones that track upward movements. It’s used widely by investors when assessing risks and quantifying fear. COTI, an enterprise-grade fintech platform, has taken it upon itself to launch a decentralized...Read More
A former cruise ship, built by P&O Cruises Australia, is to receive its new statute. Built-in 1991, the Pacific Dawn will reportedly maintain in seas with a brand new name – Satoshi. Plans are it will be an exquisite hub for digital nomads, entrepreneurs, and crypto companies. “The Crypto Cruise Ship” As per a recent report,...Read More
Russian billionaire and owner of two giant UK newspapers Alexander Lebedev is looking into launching his own DeFi project. Dubbed The Independent Decentralized Financial Ecosystem (or bank 2.0), it aims to serve as a better performing bank, which benefits all participants. Lebedev Explains The Current Banking Problems Lebedev, the owner of the UK-based London Evening...Read More
Bitcoin has continued with its recent impressive performance to a new monthly high of about $11,700. Some altcoins have followed BTC on the way up. Ethereum has increased to $385, while BNB has returned to the 5th spot. Bitcoin Spikes To A New Monthly High In the past 24 hours, the primary cryptocurrency seemed to...Read More
A currently running ETH 2.0 testnet called Zinken, which was launched on Monday, Oct. 12, has been ‘performing perfectly’ according to one of the developers and participants. Zinken is a shortened testnet, just like the one before it called Spadina, which is aimed at giving client teams a chance to iron out issues in their...Read More
Crypto traders are excited, especially after Bitcoin’s price boost following Square’s millionaire investment in the world’s first cryptocurrency. Bitcoin managed to survive a bearish September above 10K, maintaining its long-term bullish trend. Since the market crash in March, Bitcoin hasn’t lost its momentum, and after an initial recovery – driven in part by the need...Read More
The odds of Joe Biden winning the upcoming Presidential election and significant progress being made on the coronavirus vaccine front are unnaturally high, as per Goldman Sachs. Also, what is extremely possible is the US Dollar’s drastic drop to its 2018 lows because of these two probable events, according to the global banking giant. Will...Read More
Bitcoin price is soaring right now as the US legacy market opens up to begin the new week. Just hours ago, the leading cryptocurrency had completed a bearish Bart Simpson pattern after crashing down to $11,175 following an extended period of sideways chop. It was looking as though the asset was about to head down...Read More
BNB/USD – Buyers Push BNB Back Above $30. Key Support Levels: $27.17, $26, $24.90.Key Resistance Levels: $30, $31.30, $32.60. Binance Coin has been performing extremely well since it bounced from the support at $23 in late-September. So far, the coin has increased by a total of 35% since then as it hits the $30.72 resistance...Read More
ETH/USD – Bulls Continue Further On The Road To $400. Key Support Levels: $378, $364, $350.Key Resistance Levels:$392, $400, $410. Last week, Ethereum broke above a symmetrical triangle consolidation pattern and started to push higher over the weekend. It managed to climb above the 2019 high at $364 as it ran into resistance at a...Read More
The leading digital currency asset management company Grayscale Investments announced that its Ethereum Trust will report directly to the US Securities and Exchange Commission (SEC). Grayscale filed a Form 10 with the SEC a few months ago on behalf of the Ethereum Trust to become the second company product designated as a digital currency investment...Read More
Google trends data suggests that the worldwide interest in DeFi has been continuously declining since early September. Although the TVL remains high, the question arises if the decreasing interest has something to do with the growing number of screw-ups in the field. DeFi Interest Drops? The start of the new century brought a new trend...Read More
Planning to start investing in the crypto space? Then to have a piece of deep knowledge about the volatility, its causes and impacts are mandatory. A better understanding of the concepts that impact greatly on your investments would be helpful either to give a boost for your profits or safeguard from any possible loss. Volatility,...Read More
Bitcoins worth more than $11 million was moved in a single transaction yesterday, October 11th. Data from on-chain analytics providers reveals that the huge amount has been sitting idle for the past 10 years as this was the first time it was moved. Another Stack of Satoshi-era BTC Transferred Yesterday It appears that the transactions...Read More
100x Group, the organization that owns and operates the popular Bitcoin derivatives platform BitMEX, has appointed a new Chief Compliance Officer – Malcolm Wright. According to the official announcement, Wright will lead the company’s compliance efforts globally. He will assist with BitMEX’s goal to complete its User Verification Programme and to “further enhance our compliance...Read More
Plenty of speculations are already out there regarding the new all-time high that Bitcoin might hit throughout its new bullish cycle. One of them is particularly positive, using the historical performance of BTC during the last major bull run as a reference. Bitcoin to $400K in Next Bull Run According to a popular industry expert...Read More
Following yesterday’s slight retraces within the cryptocurrency market, most coins have charted green once more. Bitcoin has jumped to about $11,400, Ethereum nears $375, and further volatility comes from lower-cap altcoins. Bitcoin Stands Solid Above $11k As CryptoPotato reported a few days ago, Bitcoin broke above $11,000 after weeks of struggling beneath that level. Since...Read More
On-chain analytics provider Santiment has reported that there has been a decline in unique addresses interacting on the Ethereum network, particularly since mid-September. Both August and September witnessed spikes in address activity, primarily driven by new DeFi yield farming opportunities from the likes of Uniswap. 🤔 $ETH‘s daily active address metric is still revealing that...Read More
The hype of the crypto markets after Square announced a $50 million investment in Bitcoin catapulted the token above the psychological barrier of $11k, sparking a general optimism among BTC bulls… But the bears are also rubbing their hands as they wait for a price correction. According to data from the Bitcoin metrics company, Santiment,...Read More
ADA/USD – New Monthly High and Attempt Break Above 2019 Highs Key Support Levels: $0.104, $0.1, $0.0974. Key Resistance Levels: $0.114, $0.12, $0.123. Cardano bounced from the support at $0.0932 (.5 Fib Retracement) this week, which allowed it to surge by 15%. On the way up, ADA broke above resistance at $0.1 to close the...Read More
This week, Belgium’s Financial Services and Markets Authority made a startling revelation. Cryptocurrency fraud victims have lost at least €10 million between May 2019 and September 2020, the financial regulator said. Belgians Have Lost €10 Million In Cryptocurrency Fraud Belgian citizens have lost almost 10 million euros to fraudulent crypto investment schemes. Belgium’s apex financial...Read More
Although the cryptocurrency spot and derivatives trading volume declined on most platforms in September, Binance has taken the lead as the largest derivatives exchange, a new report revealed. Simultaneously, the regulated Chicago Mercantile Exchange (CME) saw steady Bitcoin futures performance, while the options trading exploded. Binance Takes The Top Spot For Derivatives Trading The data...Read More
