XRP dropped by 2% over the past 24 hours, which caused it to fall beneath $0.18 as it reached $0.177. The cryptocurrency collapsed beneath the lower boundary of a descending triangle pattern this week, which sparked a downturn. Against Bitcoin, XRP is in disaster mode as it continues to plummet further beneath the 2000 SAT...Read More
An unknown cybercriminal group from Eastern Europe has stolen nearly $200 million from cryptocurrency exchanges based primarily in the US, Japan, and Israel, a report revealed. Eastern European Hackers Group Steals $200M According to the report citing the research compiled by the cybersecurity firm ClearSky, the unknown group – referred to as “CryptoCore” – has...Read More
The cryptocurrency industry may soon welcome a new category of Decentralized Finance (DeFi) applications as privacy-focus coin Beam (BEAM) plans to execute its second hard fork, which would give DeFi apps a privacy layer. According to a press release shared with CryptoPotato, the system-wide upgrade dubbed Beam Eager Electron 5.0 is expected to occur today,...Read More
So far, this weekend hadn’t been the best for the price of Bitcoin. The primary cryptocurrency recorded its lowest level over the last 30 days. Trading for $9800 just six days ago, Bitcoin dropped as of yesterday to nearly $8800 on most leading exchanges. The Good and The Bad News As of writing these lines,...Read More
The crypto investors suffer from hard days recently, as the primary cryptocurrency tumbled approximately $1000 over the past five days. After a long battle to maintain the $9K mark, Bitcoin finally lost, and immediately plunged to $8816 on Binance Futures exchange, which is the current daily low, as of writing these lines. Aside from a...Read More
The CEO of SchiffGold, Peter Schiff, responded to claims by RT news host Max Keiser that he would end up panic-buying Bitcoin when its price hits $50,000. Schiff suggested Bitcoin’s dollar value would drop as low as zero – although implied Keiser might consider selling at $2,000. Shortly afterward, Bitcoin developer and Blockstream CEO, Adam...Read More
Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021. Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model. BTC To Over $300,000? Bitcoin price predictions are among the most commonly discussed threads...Read More
A recent report warned that most malicious Google Chrome extensions have come from a single Internet domain registrar – CommuniGal Communications (GalComm) and have been downloaded nearly 33 million times. Such malicious extensions have proven to be alarmingly dangerous to cryptocurrency investors as popular proponent recently lost all of his Bitcoin savings. Suspicious Google Extensions...Read More
In its latest report, the Bank of International Settlements doubled-down on its narrative that the COVID-19 pandemic has exemplified the need for central banks to accelerate the development of central bank digital currencies (CBDCs). BIS outlined the ongoing payment digitalization phase and predicted that whoever launches such currency first will ultimately prevail. BIS: Payment Digitalization...Read More
Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart). Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000. The Micro...Read More
The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining. Immediately after that, Bitcoin retraced to about $9,000 before...Read More
Bitcoin Bitcoin witnessed a 1.5% price decline over the past week as the cryptocurrency drops into the $9,190 level. The coin was trading at this price at the start of the week as it managed to push higher into the $9,815 level. BTC was unable to overcome this resistance, which caused it to fall back...Read More
Following the drama with Wirecard, the UK Financial Conduct Authority (FCA) has suspended its subsidiary Wirecard Card Solutions to conduct any regulated activities. Since Wirecard Card Solutions issue cryptocurrency debit cards for TenX and Crypto.com, both companies published statements ensuring that customers’ funds are safe, but some operations could be affected. UK FCA Suspends Wirecard...Read More
It’s been a fruitful year for ChainLink (LINK) and its investors despite the pandemic-induced market downturn in mid-March. The project has not only recorded significant partnerships and developments since the start of 2020 but has also seen a massive boost in the number of crypto traders and investors holding the LINK token. LINK Holders Surpass...Read More
After a two-week correction, LRC recently found a bottom and bounced back with 10% gains under 24 hours. It may start a new bullish cycle if the weekly low continues to hold as support. LRC/USD: Loopring Forming Bull Flag Pattern Key Resistance Levels: $0.089, $0.95 Key Support Levels: $0.72, $0.62 LRC/USD. Source: TradingView Earlier this...Read More
A quick recap: over the past week, we mentioned the dull static price action of Bitcoin between the tight range of $9200 to $9500, forming a 30-days long symmetrical triangle. As we anticipated a breakout of the triangle – that will be followed by a massive price move – yesterday it did happen. Bitcoin price...Read More
Well-known American investor and financial commentator Jim Rogers still believes that Bitcoin is largely overvalued, and its price will eventually plunge to zero. He argued that virtual currencies are just gambling, and the volatility behind the market will play a significant role in destroying it. Jim Rogers: Bitcoin Is Heading To Zero In a recent...Read More
Mainstream media Bloomberg has been doing some spendings in online advertisements to promote Bitcoin and cryptocurrency-related content. Spending Money To Promote Bitcoin Bloomberg is boosting its Bitcoin articles for more visibility on Facebook through paid promotion, according to an ad seen on the social media platform today. Although how long the media giant has been...Read More
The perpetrators behind the alleged cryptocurrency Ponzi scheme PlusToken have transferred over 26 million EOS tokens from one of the wallets linked to the project to an unknown address. Historically, similar events have driven down the price of the moved asset, which brings the question if there will be any short-term consequences for EOS. PlusToken...Read More
XRP saw a small 1.7% price increase today after bouncing from $0.184 to reach the current $0.188 level. The cryptocurrency is dangerously close to falling beneath a descending triangle formation, which would cause it to plummet. Against Bitcoin, XRP is entering the abyss after falling beneath the 2000 SAT support. Key Support & Resistance Levels...Read More
Matic is trying to bounce back, but the buying volume is currently low. It is now holding a previous break level as support after losing almost 4% of its value overnight. The price is targeting $0.027 level in the next few days if Bitcoin continues to consolidate. MATIC/USD: Buyers Showing Interest After 3.12% Discount Key...Read More
SYNQA, the parent company of the OMG Network, recently announced successfully raising $80 million in a Series C funding round lead by SCB 10x and venture capital group SPARX. At the same time, the price of OMG has experienced a sudden increase of nearly 11% in the past few hours. OMG Network’s Parent Company Raises...Read More
The controversies surrounding Bitmain continue as recent reports have it that Jihan Wu has allegedly been involved in illegal activities, putting his wills and interests above the law. New Reports Spark More Controversy Toward the end of last year, Jihan Wu, who had previously stepped down as the co-CEO of Bitmain, assumed control once again....Read More
Recent data indicates that Ethereum miners prefer holding their mined coins and have increased their balance in the past few weeks. At the same time, the number of ETH addresses containing from 100,000 to 1,000,000 coins have jumped by nearly 5% in June alone. Ethereum Miners HODL Because of the current proof-of-work consensus algorithm that...Read More
The sudden jump of total value locked on the DeFi platform Compound has caused a flippening event in the decentralized finance sector. The TVL on Compound surpassed MakerDao’s as of yesterday, and the gap continues expanding today. Compound Overtakes MakerDAO MakerDAO has been the predominant force for total value locked for years, according to data...Read More
Binance is currently the world’s leading cryptocurrency exchange by means of the trading volume. Launched in 2017, the company has managed to become a standard in the industry quickly. Despite its fast phase growing, the giant exchange launched Binance Futures, the cryptocurrency derivatives trading platform of Binance, only in September 2019. Binance Futures allows users...Read More
While Bitcoin encountered lots of turbulence in the past three years, people’s perception regarding the primary cryptocurrency has improved significantly, a recent study revealed. By comparing data from 2017 and April 2020, it concluded that more people are ready to trust it over traditional financial institutions and assets, especially after the COVID-19 pandemic. 2017 Vs....Read More
Vitalik Buterin, the co-founder of Ethereum, has recently stated that interest rates on decentralized finance protocols that are significantly higher compared to those in traditional finance come with unstated risks attached. Vitalik Buterin on High DeFi Interest Rates The co-founder of Ethereum and one of the most prominent members of the cryptocurrency community, Vitalik Buterin,...Read More
More companies are utilizing blockchain, reveals a recent study compiled by the multinational professional service network Deloitte. Interestingly, the Asia-Pacific region appears to be leading on the matter with the most use cases employing the distributed ledger technology (DLT). Blockchain Matures Deloitte surveyed nearly 1,500 senior executives and practitioners from large companies from 14 countries,...Read More
Over the past two days, Bitcoin (BTC) price maintained the same $9200 – $9500 trading area that followed its price action for quite some time. Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already. As we...Read More
