Bitcoin price is attempting to re-enter the bullish ascending triangle pattern that it exited out of last Friday, August 21, when the asset unraveled $500 in 24 hours. This previous key support, which had helped prop up Bitcoin over eight times since July 28, 2020, is now acting as a strong resistance on the 4-hour...Read More
The ethos behind DeFi has driven a move to full community governance in a democratic and transparent environment. However, as Curve Finance recently discovered, things do not always pan out as planned. In its first governance vote, Curve proposed a new liquidity pool for earning Compound’s COMP tokens and a couple of incentives for liquidity...Read More
After receiving a confirmation that a few employees of the Cebu operations of BPO firm Sykes have engaged in Bitcoin scams, the American tech giant Google has pulled out outsourcing business from the Philippines-based company branch. Google Pulls Out After A BTC-related Scam The business process outsourcing (BPO) company Sykes confirmed earlier this month that...Read More
Despite numerous reports claiming that the Chinese central bank is experimenting with large volume transactions for its CBDC, the bank recently said that it’s focusing on small retail transactions but confirmed that the trials are ongoing in numerous regions. China’s CBDC Trialed For Smaller Transactions In the past few weeks, various reports claimed that the...Read More
The cryptocurrency market valuation has almost doubled year to date. Then why are XRP and BCH, two of the top 10 cryptocurrencies, down by more than 90 percent since hitting ATH, while all other coins are posting high returns? Can it be attributed to diminishing investment interest and community support? Or perhaps, the increasing trust...Read More
Announced on August 16th, YFValue protocol is intended to deliver the true value of yield farming finance accessible to all users irrespective of their investment size. A little over a week later, however, it turns out that over $170 million worth of cryptocurrency in the protocol is at risk of being locked by a single...Read More
After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again. After Friday’s crush, this is the day of the low-caps altcoins. Contrasting Altcoin Moves...Read More
In its latest report regarding Bitcoin, the leading digital asset management firm Grayscale has outlined the growing HODLing mentality from BTC investors, rather than so-called speculators. The company also asserted that store-of-value investment tools such as BTC are becoming more attractive to institutional investors, which could prompt a massive price surge soon. Bitcoin’s Growing Metrics...Read More
Ethereum dropped by a total of 9% over the past week as it breaks beneath $400, currently marking $380 – $382 as a critical defensive wall before a further downside price action. Despite this price decline, Ethereum remains mid-term bullish within the August trading range of $438 and $363. Against Bitcoin, Ethereum penetrated beneath the...Read More
The cryptocurrency field is going through different phases every year, and that’s only logical. As the industry progresses, more people get involved in it, bringing new solutions and technology to the table. In 2020, it’s safe to say that the hottest crypto trend is Decentralized Finance (DeFi). In a matter of months, this became the...Read More
Bitcoin and most large-cap altcoins have recovered from yesterday’s price dives. However, most altcoins are still far from their last week’s all-time highs. Bitcoin Back To $11,600 The largest cryptocurrency by market cap dipped to the $11,400 support following another unsuccessful attempt to reclaim $12,000. The nosedive seemed somewhat steep, and speculations rose that BTC...Read More
Synthetix started as a stablecoin but soon pivoted to satisfy the needs of DeFi users. Nowadays, it serves as one of the leading DeFi projects offering the trading of currencies, commodities, stocks, and other assets. Trading stocks is still dominated by traditional financial centers, being heavily regulated, and hard to automate. The same applies to...Read More
Bitcoin futures aggregated open interest hit the $5 billion mark yesterday, but the overall trend seems to be declining. This points to a possibility that BTC derivative traders are quitting the market owing to lackluster price action. Will a gap at the $9700 price level result in a proliferation of short positions? Bitcoin Futures Open...Read More
The Ethereum community rejoiced after the first block of the Medalla test net was finalized. But the transition to ETH 2.0 isn’t turning out to be all that smooth. Despite the important updates, network participation on the test net remains wobbly. This is happening amid Medalla’s gnawing debacle last week. Medalla Testnet’s First Block As...Read More
The Barstool Sports founder turned stock trader appears to have been prematurely stung by the highly volatile world of Bitcoin trading. Portnoy, who has recently expressed a lack of knowledge on crypto, tweeted a video on August 21, stating that he was ‘getting killed on Bitcoin right now.’ $25,000 Loss In a follow-up tweet, the...Read More
Most of the cryptocurrency market is in red today. Bitcoin tanked to $11,400 briefly, but large-cap alts are losing more substantial chunks of value, thus helping BTC to reclaim some ground in terms of market domination. Bitcoin Drops Further BTC looked promising yesterday as the asset headed for another face-off with its well-known nemesis at...Read More
Bitcoin’s price had seen a four-day decline of over $1150, while the altcoins suffered even harder. Despite that Bitcoin is currently trading around the consolidation range from a week ago, we cannot ignore this week’s false breakout to $12,500. This turned to be a fake-out, and the bearishness that came out of this is clearly...Read More
Rich Dad, Poor Dad Author, Robert Kiyosaki, has advised investing in precious metals like gold and digital assets like Bitcoin as crisis looms in the banking sector. Earlier this week, headlines on mainstream media revealed that American billionaire investor Warren Buffett dumped US bank stocks to purchase gold mining stocks. Buffett Dumps Bank To Invest...Read More
A new report indicated that East Asia remains the most active cryptocurrency market with the most significant number of daily transactions. At the same time, professional traders still account for most of the trading volume, while stablecoins, and especially Tether (USDT), have gained a massive market share. East Asia Dominates Crypto Trading Market According to...Read More
This week has been quite the ride on the cryptocurrency markets, and, of course, Bitcoin was in the spotlight, at least for a while. The price started at around $11,700 and stayed there for a few days until Monday when we saw a significant move forward as BTC reached about $12,500. The cryptocurrency community was...Read More
Bitcoin Bitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level. Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start...Read More
The U.S. Commodity Futures Trading Commission is reportedly after the owner of a crypto scheme, which misled over a thousand of its investors and clients. It seeks $572 million in financial penalties and restitution. $270M Worth Of BTC Stolen From More Than A Thousand Customers Аs per a recent report, the alleged Bitcoin trading pyramid Control-Finance...Read More
Yearn Finance continues to make headlines and to exceed expectations within the field of decentralized finance (DeFi). After becoming the first altcoin after ZEC’s early days of trading to flip Bitcoin’s price convincingly, the protocol achieved yet another milestone today – it has over $1 billion in total value locked within its ecosystem. Yearn Finance...Read More
The US Department of Justice has alleged that Joseph Sullivan, the former Chief Security Officer of Uber, has covered up a 2016 hack on the company that compromised data of millions of users and drivers. According to the DOJ, Sullivan paid the hackers $100,000 in Bitcoin. Uber Former CSO Covers Up A Hack? The announcement...Read More
The DeFi space continues to surge in popularity as the total value locked in protocols quickly approaches $7 billion. One of the protocols leading this increase is Aave. But it’s definitely not the only thing that’s capturing the market’s attention. Elsewhere, in the field of traditional finance, the price for Tesla stocks is up more...Read More
The cryptocurrency market has recovered from some of the losses it registered in the past few days. Bitcoin is up by 1%, while some altcoins are marking impressive double and even triple-digit gains with OMG Network leading the pack. Altcoins With Massive Moves The altcoin market became accustomed to significant fluctuations, and the past 24...Read More
The UK Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges. Those are the UK-based digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini. Archax Regulated By The FCA As announced yesterday, the UK Archax platform became the “first-ever FCA regulated digital securities exchange and custodian” in the country....Read More
Hackers pulled off a successful ransomware attack on COVID-19 researchers from the University of California in San Francisco and received 116 bitcoins. Now, recently surfaced transcripts reveal how the entire operation played out. Phase One: The Hack Although the name of the group was initially a mystery, the Bloomberg report said that the organization had...Read More
CEO and Founder of BlockFi, Zac Prince, announced that his company had closed a Series C funding round for $50 million. As part of the investment round led by Anthony “Pomp” Pompliano’s Morgan Creek Digital, Pomp will join BlockFi’s board of directors. BlockFi Raised $50M Prince initially announced the fundraising in Pompliano’s latest podcast episode...Read More
Ethereum’s network is on the brink of its highest congestion rate, while the transaction fees are still particularly high. Amid all of this, Tether has moved over 1 billion USDT from Tron’s network to Ethereum. Tether Moving 1 Billion USDT to Ethereum Earlier today, Tether, the company issuing the most popular stablecoin, USDT, announced that...Read More
