Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading. The dump started...Read More
Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%. Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be...Read More
Cryptocurrency exchange Bittrex has refused to return the 23 million Steem coins it received during the fantastical Steem hard fork saga. During May 20’s Hardfork 0.23, the accounts of 64 Steem stakeholders were to be “seized,” as was revealed by an examination of the code. However, at the last minute, someone from inside Steem managed...Read More
Bitcoin Bitcoin saw a 4.4% price decline over the past seven days of trading as the coin trades at $9,115. The cryptocurrency was at the $9,815 resistance level for the majority of the week as it continuously failed to close above it. Bitcoin went on to slide lower from there on Wednesday as it dropped...Read More
The veteran Bitcoin margin trading exchange BitMEX went down for over an hour a few days ago. While the community speculated on several plausible reasons, BitMEX published a post today explaining what happened, how they can prevent similar occurrences in the future, and assuring that all customer funds are safe. Why BitMEX Went Down The...Read More
XRP surged by a total of 3.4% today as the coin breaks back above the $0.2 level. The cryptocurrency managed to rebound from the support at $0.192 (.382 Fib Retracement). Against Bitcoin, XRP is attempting to push higher after printing a fresh 2020 low at 2050 SAT earlier in the week. Key Support & Resistance...Read More
In our recent analysis from Tuesday, we had mentioned the fact that the attempts to break the $10,000 mark are getting weaker over time. In soccer, when you don’t score despite many chances, the other team will score and win. During the recent hours, Bitcoin was slowly losing momentum, and as of writing these lines,...Read More
After the restrictions of quarantine are over, the leading U.S. based crypto exchange, Coinbase, will embrace a ‘remote-first’ culture. The remote-first shift has been accelerated with the duty to comply with the six feet apart social distancing measures currently in place due to Coronavirus. Implications for Coinbase Employees Coinbase estimates that between 20 – 60%...Read More
The recently moved 50 bitcoins, which were mined in February 2009, rattled the cryptocurrency community as many members are arguing if Satoshi Nakamoto himself transferred the coins. While these rumors are speculative at best, the address that sent the bitcoins can actually be located in a court document from the notorious Kleiman vs. Craig Wright...Read More
Bitcoin’s price saw a sudden vicious flash crash on one of the most popular cryptocurrency exchanges – Bitstamp. The price lost upwards of $600 in a single candle that lasted less than a minute. Bitcoin Price Flash Crashes To $9,100 On Bitstamp There are no boring days with Bitcoin. Just a few minutes ago, the...Read More
An interesting Bitcoin transaction surfaced today, bringing back memories from 11 years ago in the distant 2009. 50 BTC mined back then were just transferred to another address. Bitcoin Mined in 2009 Just Transferred Data from Blockchair reveals that 50 bitcoins mined in 2009 were just transferred to an unknown address. The transaction took place...Read More
Stellar surged by a total of 36% over the past 30-days as it reaches the $0.070 level. The cryptocurrency is now holding the support at $0.066, and it remains above a rising trend line. Against Bitcoin, XLM suffered in May after falling from 850 SAT, but the bulls are in a battle to remain above...Read More
The cryptocurrency financial service company Bitcoin Suisse announced that it will start offering high-security staking for Tezos holders. The large organization claims that the addition comes after increased interest from institutional investors towards staking services for digital assets. Bitcoin Suisse To Offer Tezos Staking According to the announcement, the demand from institutional investors towards digital...Read More
Over the past days, Bitcoin had gone through sideways price action, flirting with the range between $9500 and $9900. The breakout of the $10,000 target is remarkably close. However, it also feels close as well to a massive price dump. Remember, from a technical point of view, the fact that Bitcoin so far fails to...Read More
Twitter saw the return of Vitalik Buterin vs. Justin Sun on May 19. The respective founders of Ethereum and TRON exchanged barbs over the matter of an imminent Steem hard fork, which will seize the funds of some of its users. If Steem Hardfork 0.23 goes ahead on May 20, over 23.6 million STEEM coins...Read More
The growing interest towards staking has pushed the blockchain-based project Harmony to begin implementing it as well. Interestingly, another popular project which had its IEO on Binance Launchpad, namely MATIC Network, also recently elaborated on its staking service developments. Harmony Will Support Staking Harmony utilized the Binance Launchpad to have its IEO nearly a year...Read More
After announcing plans to launch a new privacy coin called GHOST, John McAfee has received numerous accusations of plagiarizing the whitepaper. The popular cryptocurrency proponent responded today to the emanated controversy, calling it a “storm in a teacup.” GHOST Controversy As CryptoPotato reported in mid-April, the former anti-virus software tycoon announced the upcoming launch of...Read More
Following a quick bounce from $13.6, BNB is now facing a crucial resistance at $17.3. The price is currently in the middle of consolidation, deciding the next major direction. Binance Coin is looking for more gains after dropping below long-term support at 0.0018 BTC level. BNB/USD: BNB Building Up For A Big Move Key Resistance...Read More
Binance CEO Changpeng Zhao (CZ) claimed in a blog post that all projects within the Binance ecosystem operate independently from each other to some extent. CZ outlined that no person nor entity can affect CoinMarketCap’s new ranking system for exchanges, which placed Binance at the first spot. CZ: CMC Works Independently After Binance acquired the...Read More
The bulls are eyeing $226 resistance, but they could get trapped if a double-top pattern comes into play. Ethereum is currently looking bullish across its trading pair after rising by 11% in 7 days. Against Bitcoin, Ethereum is starting to show strength after finding support around 0.021BTC. ETH/USD: Ethereum Eyeing $226 Key Resistance Levels: $217,...Read More
The Bitcoin third halving that occurred last week was a remarkable event for the Bitcoin community. However, while experts predicted that the event could be a price booster for the cryptocurrency in the long, miners are not very happy considering the effect of the halving on their revenue. Bad Business For Miners? One of the...Read More
Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its coverage by an additional $500m. The company also announced the onboarding of 70 new institutional clients and the expansion of its loyalty program. Bakkt Increased Its Insurance Coverage Earlier today, Bakkt’s President Adam White shared...Read More
XRP continues to move sideways along $0.2 today after seeing a very small 0.7% price increase. Over the past week, XRP increased by 4% after it bounced from $0.192 to break back above $0.20. Against Bitcoin, XRP continues to trade at multi-year lows as the bulls battle to remain above 2070 SAT. Key Support &...Read More
The author of the beloved Harry Potter books, J.K. Rowling, recently asked crypto Twitter to explain Bitcoin to her. Needless to say, hundreds of leading community members answered, including some of the most influential cryptocurrency proponents like Changpeng Zhao, Vitalik Buterin, and even Elon Musk. However, the renowned author had her fair share of informational...Read More
Founder and CEO of Social Capital, Chamath Palihapitiya, and current Los Angeles Clippers owner Steve Ballmer were the latest popular individuals to had their names involved in fake Bitcoin giveaways on YouTube. With the rising number of similar scams on social media platforms, the question remains on the potential consequences on the community and legitimate...Read More
Bitcoin wakes up to a new week following a volatile weekend: After reaching down to $9100 on Friday, the following two weekend days were quite bullish for the primary cryptocurrency. Bitcoin regained position, and since the Friday’s low, the price had been climbing nicely to the same devastating resistance area below the $10,000 mark. However,...Read More
Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days. Bitcoin Price Takes Another Swing At $10,000 Volatility doesn’t seem to fade in...Read More
Coinbase CEO Brian Armstrong just fell for the oldest trick in the crypto-twitter playbook. When Harry Potter author J.K Rowling made a surprise entrance to the Bitcoin space this weekend, Armstrong attempted to welcome her in. When Rowling apparently made a $100 BTC purchase, Armstrong told her to get over to Coinbase and urged her...Read More
Zcash (ZEC) was recently the subject of a research paper which aimed to explore the extent to which the privacy coin is used for illicit or criminal purposes. Funded by Electric Coin Co.(ECC), the company behind Zcash, the analysis carried out by the RAND Corporation and concluded that Zcash was not regularly used for illegal...Read More
XTZ is facing resistance at $2.7, and it could resume its uptrend if this price level breaks up. The price is currently sitting at the 27000 SAT support area after forming a lower high around 28000 SAT against Bitcoin. Tezos could start decreasing if the price drops below the current holding support. XTZ/USD: Tezos Facing...Read More
