The California-based digital asset management company, BitGo, now offers instant trading services to its institutional clients. The new feature comes as a result of BitGo’s partnership with a company providing unified digital asset trading infrastructure, SettleBit. BitGo Offers Trading From Its Cold Storage BitGo is a digital asset financial service company operating with institutional investors....Read More
Tesla is undoubtedly one of the most exciting and innovative companies to watch, especially in the past few months. Since October, its stock price has skyrocketed, surging upwards than 250%. However, technical indicators suggest that, currently, TSLA is more overbought than Bitcoin back in 2017’s cryptocurrency bubble. Tesla’s Impressive Performance Tesla is a well-known and...Read More
As the country officially left the European Union (EU) on January 31st, 2020, the UK has also taken steps to become more cryptocurrency-friendly. It has amended existing regulations to reduce the registration fees for crypto-related businesses. Encouraging Small Cryptocurrency Firms The UK Financial Conduct Authority (FCA), in a newly released document, has restructured the registration...Read More
The recent price increases in various altcoins have made their mark on the community. According to two recent surveys, traders have allocated serious portions of their portfolio in cryptocurrencies other than Bitcoin. Majority Believes In Altcoins A popular cryptocurrency analyst conducted a Twitter poll where he asked the community members how much they are involved...Read More
Bitcoin Satoshi’s Vision (BSV) is one of the most well-known and controversial projects in the cryptocurrency space. The self-proclaimed Satoshi Nakamoto, Craig Wright, is one of its biggest proponents. The network has now completed the planned Genesis hard fork. It’s intended to bring BSV’s blockchain closer to the original Bitcoin protocol, which was released back...Read More
Ethereum dropped by as little as1.6% today as the cryptocurrency retraces from the $193.50 resistance level. Against Bitcoin, ETH broke the 100-days EMA to climb above the significant 0.02 BTC price level. Ethereum is still up by an impressive 40% over the course of the last 30 days. Key Support & Resistance Levels ETH/USDSupport: $173,...Read More
The largest cryptocurrency derivatives exchange, BitMEX, is launching a new perpetual swap contract pair to its platform. Starting tomorrow, users will be able to trade Ripple (XRP) token against the USD, with leverage. XRP/USD Perpetual Swap Now On BitMEX The most popular Bitcoin margin trading exchange confirmed the news regarding XRP’s addition. The company will...Read More
On our recent price analysis from two days ago, we had anticipated a huge price move that was supposed to be coming soon. As can be seen, shortly after our analysis, there was the opening of the Chinese stock market after the long Lunar vacation. At the same time, Bitcoin spiked $400 to a new...Read More
The Hong Kong-founded popular cryptocurrency exchange, Bitfinex, has recently launched the newest version of its mobile app, which comes with Bitcoin deposits utilizing the Lightning Network. The update for the mobile app comes less than two months since the exchange added support for the Lightning network to its web platform. The Lightning Network Comes On...Read More
Following the breakout of the $2 mark, Tezos’s price could reach $2.5 in a few days if buyers continue to show interest. Against Bitcoin, an inverse head-and-shoulder pattern could produce a massive rise for Tezos in the short-term. Tezos is the best-gainers over the last 24-hours among the top 20 cryptocurrencies by market cap. XTZ/USD:...Read More
For more than a decade, there has been one major issue thwarting the adoption of cryptocurrency: transactions simply take too long. Fortunately, researchers at MIT have now announced that they have developed a more efficient system for routing cryptocurrency transactions, which they have dubbed “Spider.” According to ComputerWorld, MIT researchers are able to use this “Spider”...Read More
On a day when the rest of the cryptocurrency market is trading in red, IOTA investors are bagging profits as the 18th largest coin recorded an incredible daily 10% increase in the last 24 hours, which completes almost 40% price gain in the past seven days. And if you were wondering, IOTA had seen more...Read More
So far, 2020 has been a remarkably positive year for Bitcoin. Not only has the price of Bitcoin increased by 30%, but the Global Bitcoin Futures market open interest has noted a massive 60% growth as well. In the meantime, BitMEX and OKEx are still the most widely-used Bitcoin margin trading exchanges, with over 50%...Read More
TL;DR Ripple (XRP) saw a tidy 4.5% price increase over the past 24 hours to reach above $0.25. Against Bitcoin, XRP surged 5% but met resistance at a descending trend line. If XRP can break above the 200-days EMA, the 2020 bull-run is likely to continue toward $0.30. Key Support & Resistance Levels XRP/USD Support:...Read More
The Coronavirus outbreak continues to take its toll on the traditional financial markets, especially in China. The Chinese stock markets had returned after a more extended Lunar New Year’s vacation. As expected, the indexes record significant drops, despite a huge $174 billion injection by the local Government. On the other hand, Bitcoin spiked to over...Read More
The creation of a Bitcoin Emoji on Twitter today has increased the largest cryptocurrency’s social media awareness. The social media’s CEO, Jack Dorsey, and other influential community members are also sharing the “#Bitcoin” trend that has ultimately transcended the online space. Bitcoin Emoji Inspires Bitcoin Hashtag Earlier today, the popular social media platform, Twitter, introduced...Read More
Bitcoin is yet too volatile to threaten the existence of cash, and the latter will survive, states a new report conducted by Deutsche bank. Moreover, the report claims that digital assets will help with rebalancing the global economic power. Deutsche Bank had seen better years than in 2019. The German bank had to layoff 18,000...Read More
At its first policy meeting of 2020, the Federal Reserve didn’t change much. As expected, the Federal Open Market Committee decided not to raise interest rates. The Fed will keep repo operations in overnight money markets going until April. But Fed Chair Jerome Powell did walk somewhat of a tightrope trying to explain what the...Read More
Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency. Since then, we saw a correction of almost $300 down to a current daily low of...Read More
TL;DR Ethereum had increased by 6% over the past three days to reach the $185 resistance, before stalling. Against Bitcoin, ETH rebounded from the 0.0185 BTC to return to the 100-days EMA. Ethereum is now trading above the 200-days EMA as it sets sights to $200. Key Support & Resistance Levels ETH/USD Support: $172, $165,...Read More
One of the most awaited events in the cryptocurrency space, the Bitcoin Halving, is estimated to take place about 100 days from today. On this day, the reward that miners get from adding blocks to the network will be slashed in half: from 12.5 BTC per block, as of today and the recent four years,...Read More
As the impact of blockchain and cryptocurrencies continues to increase throughout the world, so do blockchain conferences. These are events where one can meet and befriend like-minded people and establish fruitful connections and networking. As the new year recently began and the blockchain industry is already leaving marks, the following are among the most notable...Read More
The legendary investor Warren Buffett and his firm Berkshire Hathaway knew about Google way ago. They had direct information early on about how lucrative its business would be but decided to pass on investing in the Internet search giant. Buffett says he’s really regretting that decision now. Google has become one of the very few...Read More
Cold storage hardware wallets are considered to be the most secure way to hold Bitcoin and other cryptocurrencies. The main reason for that is because the private key is never exposed to the internet, unlike hot wallets. Trezor is believed to be the most popular hardware wallet, together with Ledger. During last October of 2019, Kraken...Read More
For many Bitcoin investors, hodling is the best long term strategy to avoid selling at a loss, especially during a rapid slump in price. However, a price surge with hodlers refusing to let go of their positions even when they are in profits means there is a huge positive sentiment among investors. Data from Glassnode,...Read More
Among the top 20 cryptocurrencies, Litecoin is the best-performer after surging almost 15% under 24-hours. After correcting to $52 last weekend, buyers managed to keep Litecoin’s momentum alive. Litecoin’s latest surge allows trends in the same direction across trading pairs. LTC/USD: Litecoin Surged 15% To Overcome $64, Now Regrouping For More Gains Key Resistance Levels:...Read More
Ethereum Futures might be the next significant product coming to the cryptocurrency scene, said the CFTC Charmain, Heath Tarbert. Furthermore, he expressed his hopes once again that the United States can lead the race for both digital assets and blockchain adoption. This aligns with Bakkt plans, as CryptoPotato reported this week. Ethereum Futures Coming Soon? Bitcoin...Read More
Stablecoins now have a larger share of value transferred on the Ethereum network than its native cryptocurrency – ETH. Even though the continuously increasing interest towards stablecoins appears as a concern to some, Changpeng Zhao believes that they are still needed for mass adoption. Stablecoins’ Flip On The Ethereum Network Yesterday, new research by Messari,...Read More
TL;DR XRP increased by a further 1.33% over the past 24 hours, resulting in a weekly increase of over 8%. Against Bitcoin, XRP rebounded from the support at 2525 SAT as it looks to regain some of the January losses. XRP now faces strong resistance at $0.245 and must close above here to head toward...Read More
Since Bitcoin broke firmly above the $9K price line last Tuesday, we saw the coin consolidating mostly inside the range of $9300 – $9400. The beautiful thing about Bitcoin is that its volatility will ever stay. It doesn’t really matter whether Bitcoin price is trading for $10, $100, or $9000. Yesterday we saw another volatile...Read More
