Reacting to positive news from the US, Bitcoin continued its decisive move forward, reaching an intraday high of $9,560. On its way up, the primary cryptocurrency took most of the altcoins along for the ride, and they managed to decrease BTC’s dominance to 61.6%. Bitcoin To $9,500 Following weeks of stagnant price actions, Bitcoin made...Read More
Ethereum is currently one of the top-performing high capitalization crypto assets with a surge of 11.5% on the day to reach a five-month high of $270. ETH on a Tear The move was initiated a few hours ago following weeks oscillating between $225 and $245. A minor pullback has occurred as trading begins in Asia,...Read More
National banks and federal saving associations can now offer crypto custody services to customers following approval from regulators in the country. OCC Okays Crypto Custody Operations for US Federal Banks According to a letter issued by the Office of the Comptroller of the Currency (OCC) on Wednesday, U.S. Federal banks can now offer crypto custody...Read More
Open interest for Bitcoin Futures on major derivatives crypto exchange BitMEX reached an all-time-high (ATH) as it crossed the $1 billion milestone. The record high happened for the first time since the crypto market crashed back in March 2020. Bitcoin Futures Open Interest on BitMEX at 4-Month High According to data from crypto derivatives market...Read More
The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels. Median BTC Transfer Volume up 100 Percent Since 2020 Beginning As...Read More
AVA Labs, the team behind Avalanche, an open-source platform for launching decentralized applications in a highly-scalable ecosystem, recently raised $42M in a 4.5 hour-long token sale last Wednesday. The sale marks one of the largest ICO’s out of the U.S. since 2017. Avalanche’s Recent Key Hires AVA Labs, founded by Cornell Ph.D.’s and led by...Read More
Ethereum saw a small increase today as it attempts to break the resistance at $245. Against Bitcoin, Ethereum retested the 0.0263 BTC level. ETH/USD: Bulls Looking To Break Above Ascending Triangle. Key Support Leves: $225, $215, $210.Key Resistance Levels: $245, $250, $265. Ethereum was trading at the lower boundary of an ascending triangle pattern earlier...Read More
The continuous growth of the most widely utilized stablecoin Tether (USDT) has pushed its total market capitalization above the coveted $10 billion mark. On a monthly scale, the rise is even more impressive as it has doubled since March 2020. Tether Takes Over $10B Market Cap Tether, or as it was initially named – Realcoin,...Read More
The well-known economist and gold proponent, Peter Schiff, commented on the recent increase in the price of silver, saying that the metal has essentially become “the new Bitcoin.” The latter, on the other hand, has been particularly stable. Yesterday, the price gained just shy of two percent, which was the most action Bitcoin saw in...Read More
Often referred to as the ‘Chinese Ethereum,’ NEO has teamed up with the state-backed BSN to drive mainstream adoption. NEO will become one of the technological pillars of the BSN, which includes tech and payment giants such as China UnionPay and China Mobile, in addition to the Chinese State Information Center, the official announcement stated....Read More
Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark. ‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’ Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’...Read More
After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts. Bitcoin Is Alive The last time the primary cryptocurrency stood above $9,300 for more than...Read More
After June 2020 had won the title for the least volatile month for Bitcoin since October 2019, then came July. So far, this month, Bitcoin had been trading in even a tighter range. The primary cryptocurrency had been adequately following the $9200 price, surrounding it, refusing to leave it, despite the ongoing craziness of the...Read More
Ethereum co-founder Vitalik Buterin admitted in a tweet that the higher transaction fee on the second-largest blockchain network is opening the door to security risks. However, he said that the fee market reform EIP 1559 will solve this. Higher Transactions Fees Vs. Block Reward Encourage Malicious Mining In a recent tweet, Buterin said that the...Read More
Chainlink’s price decreased by 7% overnight. It may resume the uptrend if the previous monthly breakout level can hold as support. LINK/USD: Price Holding Above $7.1 Key Resistance Levels: $7.83, $8.2, $8.9 Key Support Levels: $7.11, $6.86, $5.7 LINK/USD. Source: TradingView Earlier this month, Chainlink saw an impressive 95% surge to reach $8.9 on July...Read More
Following reports that Russia may introduce new legislation that would essentially criminalize cryptocurrency usage, a recent document revealed that the country is reviewing an updated version of the “Digital Financial Assets” (DFA) bill that excludes criminal allegations. No Prison In Russia For Cryptocurrency Usage? As CryptoPotato reported recently, members of Russian’s lower house (the State...Read More
XRP saw a nice 1% price hike today as the coin edges back toward $0.20. It has been trying to reclaim $0.2 for the past 10-days but has failed on each attempt. Against Bitcoin, XRP continues its recovery as it found strong support at 2100 SAT. XRP/USD: XRP Bulls Struggling To Reclaim $0.2 Key Support...Read More
Decentralized finance (DeFi) is all the rage in 2020 as projects in the field continue to explode. The total value locked in lending protocols has skyrocketed throughout the year. And while there are plenty of exciting projects, one seems to stand out with its unique approach. The project in question is Ampleforth (AMPL). It addresses...Read More
After adding Stellar to its Samsung Blockchain Keystore, the tech mogul has also featured another cryptocurrency project under its kit. Namely, this is the Decentraland Marketplace application that has already been added to Samsung’s Blockchain Wallet, as per a recent report. Decentraland Joins Samsung Blockchain Wallet According to an official announcement, the smartphone giant Samsung,...Read More
The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC)....Read More
The UK’s HM Treasury, who acts as the ministry of economy and finance, said it might give the Financial Conduct Authority (FCA) a free hand to monitor advertisements issued by unauthorized firms, including those related to cryptocurrency. HM Treasury Proposes that FCA Supervise Cryptocurrency Promotions As of today, finance companies that are not under the...Read More
Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network. Ethereum Beats Bitcoin on Economic Activity Messari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity...Read More
Although the altcoin market remains highly volatile, most price movements in the past 24 hours have been sharp retraces with a few exceptions. Bitcoin, on the other hand, remains stable and hasn’t left its familiar trading territory of about $9,150-$9,200. In the traditional financial markets, the three largest US indexes are in the green as...Read More
Ethereum increased by a small 1.62% over the past 24 hours as it reached $238. The cryptocurrency remained above a rising trend line this weekend, which kept the uptrend intact. Against Bitcoin, Ethereum rebounded from the 0.0253 BTC level to reach 0.026 BTC today. ETH/USD: Bulls Defend Rising Trend Line To Keep Bull Run Alive...Read More
Because of the increasing interest and growing adoption rates towards digital assets, Mastercard announced the expansion of its cryptocurrency initiative called Accelerate program. UK-based payment processor Wirex has become the first digital asset native member of the program, and Mastercard is inviting other cryptocurrency projects to join the growing network. Mastercard Welcomes Crypto Projects According...Read More
The CBDC race is about to heat up again with nations across Asia leading the way in crypto research. Japan is the latest to accelerate progress, joining China and Thailand, which are already well underway with their respective digital currencies. Japan Forms Crypto Research Team The Bank of Japan (BoJ) stated on Monday that it...Read More
Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market. In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now. CZ Suggests An Altcoin Season During the past several weeks, the altcoin market has boomed...Read More
Today, BTC/USD price appears to have reached maximum consolidation between two long-standing trend lines (see daily chart below). Volatility has also continued to diminish further over the weekend, with the Bollinger bandwidth now at 0.1 on the 4-Hour chart. These two factors suggest that a major move could take place over the course of today’s...Read More
Altcoins continue gaining traction, while Bitcoin remains calm. This decreases BTC’s dominance over the cryptocurrency market down to 62%, which is the lowest point in five months. Altcoin Market Rises To The Occasion The past 24 hours come as another example that the altcoin market is fluctuating massively lately. This is especially evident among lower-cap...Read More
Several cryptocurrency proponents on Twitter have reported that the largest telecommunications company in Argentina called Telecom has become a victim of a ransomware attack. Despite being unknown so far, the perpetrators have demanded a $7.5 million ransom to be paid with the privacy coin – Monero (XMR). Telecom Hacked For Monero? Founded in 1990, Telecom...Read More
