In the last analysis, we had mentioned the crucial descending trend-line, marked with yellow on the following daily chart. This line is ‘preventing’ Bitcoin from discovering new highs since June 26, when Bitcoin reached $13,880 as the 2019 high. The resisting line was tested for the fourth time, and as it seemed like a breakout...Read More
USDT transactions on the Ethereum network are increasing steadily. However, the network is close to reaching its maximum capacity and as Tether continues to print more stable coins, there’s less and less room for developers of decentralized applications (DApps). This brings up the scalability issues of Ethereum and it makes finding a solution even more...Read More
Hong Kong has become the epicenter of a major political turmoil as personal lives are being nothing but invaded by the government without any permission of the citizens. There have been demonstrations going on for weeks. As the Special Administrative Region (SAR) is getting shaken down, businesses are reportedly turning the Hong Kong Dollar in...Read More
Bakkt Warehouse, the qualified custodian of the Bakkt trading platform, now accepts Bitcoin deposits and withdrawals. Following plans unveiled last month, the company announced today that Bakkt Warehouse was officially launched. The launch of Bakkt Warehouse comes as the company prepares to launch its platform for daily and monthly Bitcoin futures in the United States...Read More
Liteocin has seen a 2.77% price hike over the past 24 hours which has allowed the price to rise to the $68 mark. The cryptocurrency seems to be recovering after increasing by a total of 5.5% this week. However, Litecoin still has a long way ahead to gain back some of the 42% it lost...Read More
Binance has announced the newest initial exchange offering (IEO) and it’s the Band Protocol. As per the new rules, investors have to hold BNB for an average of 30 days prior to the IEO itself. However, given that the latest launch held on the platform – that of Perlin, brought insignificant returns, the question is...Read More
The popular bot which tracks the movement of large amounts of cryptocurrency, Whale Alert, has pinged today that someone transferred upwards of 94,000 BTC, worth over $1 billion to a single address. The transaction cost $600 in fees. The bigger question is, however, would you trust Bitcoin’s network to transfer over $1 billion with a...Read More
Are you in search of the best crypto wallet to keep your cryptocurrency coins safe? With growing cryptocurrencies in popularity over recent years, crypto enthusiasts now have more choices than ever when it comes to wallets and other services. While researching my eyes caught a trustworthy wallet – Toast Wallet But what features does the...Read More
XRP has managed to remain pretty stable against the USD after increasing by 1.76% over the past week to reach the current price of $0.2568. The cryptocurrency had broken beneath a major support level during early-August after falling below the $0.30 level. However, after shattering this support, XRP is holding strong against the USD but...Read More
Leading cryptocurrency exchange Binance announced today a new partnership with Paxos – a regulated financial institution digitizing and mobilizing assets. The collaboration aims to see the launch of a new USD-denominated stablecoin called Binance USD (BUSD). Per the announcement, BUSD has already received the approval from the New York State Department of Financial Services (NYDFS)...Read More
In what seems like yet another round of controversy, the co-founder of the most popular stable coin Tether (USDT), William Quigley, said that it wouldn’t matter if the cryptocurrency is actually backed by the US dollar as long as everyone agreed to value USDT at a dollar. Following this chain of thought, however, puts Tether...Read More
According to a former Chairman of the US Federal Reserve, Alan Greenspan, it won’t be long before the spread of negative interest rates reaches the US. He also added that gold prices have been on a positive uptrend as investors are looking for a hedge. Can Bitcoin thrive under tumultuous economic conditions of the kind?...Read More
Since our previous analysis, Bitcoin had succeeded in breaking up the 50-days moving average zone, straight into our next mentioned support area at $10,800, along with the crucial descending trend-line (marked with yellow on the following daily chart). From there, we saw Bitcoin taking a break to recalculate its next destination: Whether it’s finally going...Read More
If there’s a Zombie Attack, John McAfee’s got your back. A few hours ago, the well-known cybersecurity and crypto influencer published a partial white paper for Zombie Coin, a project that claims to be investigating the nature of Zombies and their interactions with human beings. If you have any doubt about the project despite being...Read More
Binance Coin has seen a decrease of around 3.76% over the past 24 hours which brought its price to $21.59. BNB has been struggling as of late after dropping by 14% over the past week and with 22% over the past month. Binance is the seventh-largest cryptocurrency with a market cap of $3.39 billion but...Read More
Binance Coin has seen a decrease of around 3.76% over the past 24 hours which brought its price to $21.59. BNB has been struggling as of late after dropping by 14% over the past week and with 22% over the past month. Binance is the seventh-largest cryptocurrency with a market cap of $3.39 billion but...Read More
It’s safe to say that Bitcoin is having a good year so far in 2019. On January 1st, the cryptocurrency was trading at around $3,700 and it’s already increased to as much as $10,530, marking a notable increase upwards of 180%. Moreover, looking at the charts for each month separately, we can see that Bitcoin...Read More
Just recently Binance acquired a crypto-asset derivatives trading platform and announced that it intends to foray into the field of cryptocurrency futures, options, and other derivative products. Hence, one of the things that it had to settle was the auto-deleveraging section which governs counterparty liquidation. Looking at Binance’s official page, however, we can see that...Read More
Although XRP seems to be heavily undercapitalized, Ripple keeps its business policies on course, and the sales of massive chunks of XRP continue despite the rage of some hodlers. Just a few hours ago, Ripple released 500M more XRP out of escrow. The transaction took place on 03 Sep 2019 04:45:10 UTC and is part...Read More
This week was calm in terms of trading until Bitcoin skyrocketed in the last day and boosted the overall market confidence along with the price. One of the reasons for the increase is probably related to the Bakkt’s trading platform that will launch in the coming days. The picture shows the flow of money into...Read More
Bitcoin Returning to the resistance levels at around $10,500 brings little confidence in the market, but as long as the price hasn’t broken the market trend line, the fear is that this movement is a trap. The resistance of the falling trend is at around $11,000, but the resistance that will change the pattern of...Read More
Binance is having a year to remember with major announcements every few months delivering more and more options to the end-user. Its own cryptocurrency BNB entered a notable uptrend at the beginning of the year with outstanding growth. For the first four months, Binance Coin saw an increase of around 300%. The parabolic movement didn’t...Read More
Bitcoin added another $700 to its price tag over the past 24 hours, pushing its dominance index above 70% for the first time since March 2017. This demonstrates that Bitcoin has definitively established itself as a market leader, leaving little room for altcoins to thrive. Bitcoin Dominance at 26-Month High Bitcoin dominance is the index...Read More
Momentum is changing so quickly in the crypto markets. If four days ago everyone saw Bitcoin price getting below the $9,000 level for the first time since June, now the bulls are back. As mentioned here on our previous analysis, Bitcoin had shown odd calmness, and we anticipated a coming-up huge move. However, no one...Read More
Binance, the world’s leading cryptocurrency exchange, has acquired a cryptoasset derivatives trading platform JEX. Binance JEX, as the new venture will be called, will focus on delivering cryptocurrency derivatives, including futures contracts, options, and other derivatives. With this new acquisition and Binance’s latest developments, the exchange is starting to look a lot like a one-stop-shop...Read More
Ethereum struggled this past week, marking a decline of 8.7%, which brought its price down to $171.60. The cryptocurrency had been trading above a rising support line but had collapsed beneath it during the week, which caused it to fall to as low as $165. Ethereum has now lost a total of 22% over the...Read More
Despite the serious price decline that Bitcoin went through a few days ago, the weekend was rather fruitful and the cryptocurrency managed to gain upwards of $300 since Friday. Meanwhile, the network’s condition is looking healthier than ever as the hashrate surpassed 90 quintillion hashes per second. Amid conditions of the kind, Peter Brandt, a...Read More
The popular messaging app Telegram is set to launch its GRAM cryptocurrency wallets in October or November. With over 300 million using the application, it’s only natural that the news creates somewhat of an excitement. However, according to popular trader and analyst Tone Vays, GRAM is ä little scammy.” GRAM Coming In October or November...Read More
After three days of no significant price movements, Bitcoin is now planning its next leg. As we know this market, Bitcoin doesn’t like being low in volatility, and this might be the preparation period of another move that can take place any moment. Most indicators are showing bearish; however, Bitcoin likes to go with the...Read More
XRP has seen a sharp decrease of 10.49% over the previous week, bringing its price to $0.2566. The cryptocurrency lost 21% over the past 30 days and 37% over the past 3 months. XRP remains the third-largest cryptocurrency with a market cap of $11.07 billion. Looking at the XRP/USD 1-Day Chart: Since our previous XRP/USD...Read More
