Twitter CEO is on a mission to decentralize the web. In a series of tweets on Wednesday, Jack Dorsey put forth his view of revolutionizing social media, starting with Twitter itself. Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard...Read More
One of the most popular Bitcoin margin trading exchanges, BitMEX, and its founder, Arthur Hayes, are being sued as per a recent report. The case is for $300 million, and it has been brought up by an early investor, who says he has been stiffed by the company. Law Case Against BitMEX For $300 Million...Read More
According to a popular monitoring resource, the number of new addresses on Ethereum’s blockchain shares a very similar pattern with the ETH price most of the time. Lately, however, the price is taking the lead. Correlation: ETH Price And New Ethereum Addresses The popular cryptocurrency monitoring resource TokenAnalyst has presented interesting findings regarding the number...Read More
66% of the entire hashrate of Bitcoin’s network pertains to miners in China, per a recent report. Chinese-controlled hashrate, at the time of this writing, is at its highest point in the past two years according to a popular monitoring resource. China Controls 66% Of Bitcoin’s Hashrate According to a recent report from Reuters, China...Read More
Tezos surged by another 20% this week, allowing it to rise to the $1.56 level. The cryptocurrency now faces very strong resistance at the 0.0002 BTC level. Tezos is now the 11th largest cryptocurrency with a market cap upwards of $1 billion. Key Support & Resistance Levels XTZ/USD Support: $1.23, $1.17, $1.12, $1.00. Resistance: $1.34,...Read More
Co-founder & Partner at Morgan Creek Digital, Anthony Pompliano is a Bitcoin Proponent and has a strong faith in BTC. As per his latest tweet, Pomp claims that “Bitcoin is a pension that actually works.” Interestingly, Pomp had urged pension funds to buy bitcoin this same time last year. He had submitted to the post...Read More
Roger Ver, one of the earliest cryptocurrency advocates and proponent of Bitcoin Cash, has interviewed now-arrested Joby Weeks. The latter has been involved in an alleged cryptocurrency mining scam called BitClub and is now charged with conspiracy to commit wire fraud. Roger Ver Interviewing Jobadiah Weeks in June Roger Ver, one Bitcoin Cash’s most exclusive...Read More
Most of the cryptocurrency market has been trading in the red over the last 24 hours. However, altcoins are seemingly making a slight recovery when looking at the bigger picture, as Bitcoin’s dominance loses 1%. Bitcoin’s price has been ranging between $7,400 and &7,600 in the last few days, but yesterday it marked a slow...Read More
The Bitcoin Bull, John McAfee got into a candid chat with videographer friend Robert King discussing Bitcoin. In the chat, John put forth his point of view on how Bitcoin is the new world currency. As per his statement, Fiat currency or Gold/Silver has no backing whereas Bitcoin is backed with a Proof-of-Work. He also...Read More
Mark Cuban has made a fortune by investing in innovative technologies, but this doesn’t mean he loves everything new that comes along. Case in point is cryptocurrency as the billionaire has made his disdain of virtual currencies clear. In an interview with Forbes, he said there is “no chance” that Bitcoin will ever be used...Read More
Our previous price analysis had identified a tight range in which Bitcoin is trading inside. Over the past hours, this range is seemingly cracking down, to the downside. For the past five days, Bitcoin was trading between $7300 to $7600. Despite a fake-out that reached the mentioned resistance area of $7700, Bitcoin was trading inside...Read More
Swiss Startup Amun has got clearance to offer its products to retail clients in Europe. Swedish Financial Supervisory Authority (SFSA) granted permission to the firm this Tuesday, Dec 10, 2019. “[The approval] gives us wide access to sell directly and market directly to basically all retail in Europe,” Amun CEO Hany Rashwan said. Furthermore, with...Read More
Big four multinational professional services company, Deloitte, has conducted a 2019 survey regarding what executives from big organizations think of blockchain. The data shows that interest in blockchain-based technology is generally increasing. 83% Of Executives Believe In Blockchain Deloitte published its annual survey showing what executives think about blockchain and its potential. It was conducted...Read More
Coinbase backed MATIC token, one of the popular IEO on the Binance Launchpad, faced an excruciating 24 hrs. The token has plunged 70% following an inaccurate claim from Samuel JJ Gosling, founder of a cryptocurrency evaluation platform, Validity. Samuel in his tweet claimed that Matic Network has transferred 1,495,322,715 $MATIC (15% of the supply) in...Read More
A U.K. based blockchain firm Saga is launching an alternative token to Facebook’s digital currency proposal Libra. Saga’s advisory board includes Nobel Prize-winner Myron Scholes. The firm hopes to build a global currency that complies with all crypto regulations. However, the firm doesn’t plan to launch its token in the U.S. yet. It claims SGA...Read More
One of the more popular projects that had their Initial Exchange Offering (IEO) on Binance Launchpad, MATIC, went through a sudden overnight drop. The token lost upwards of 70% of its value in a violent red candle. Rumors started to circle around the community that the CEO of the project is behind it, but Changpeng...Read More
The U.S. partner of the Huobi Global exchange has decided to shut down its operations after just 18 months. Huobi announced the plans in a tweet titled “HBUS Cease to Operate”: “We regret to inform you that HBUS will need to cease operations so that it can return in a more integrated and impactful fashion...Read More
Good news came from Eastern Europe as the legislative arm of Ukraine, the Verkhovna Rada, has adopted an amended draft law that seeks to introduce cryptocurrencies as a legal means of payment and investment within the country, according to a Monday report. This development is an effort to work in accordance with the Financial Action...Read More
Ever since its launch last year, Tezos has done quite a lot to improve its feats and keeps on doing so. As the company appears to continue with innovations and partnerships, some of the community is arguing that Tezos might be skyrocketing soon, resembling Ethereum’s surge from 2017. Is Tezos The New Ethereum? 2017 was...Read More
XRP has seen an increase of 4.25% this week as it reaches $0.23. The cryptocurrency broke above a steep descending channel that was apparent in November. It continues to remain above the strong 3000 SAT support against BTC. Key Support & Resistance Levels XRP/USD Support: $0.2150, $0.20, $0.1850 Resistance: $0.2345, $0.2520, $0.27 XRP/BTC: Support: 3000...Read More
Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has just announced that it’s rolling out cash-settled Bitcoin futures and monthly options. The platform sees an increasing volume over the past week, signaling further institutional involvement. Bakkt’s Cash-Settled Futures Contract According to an official publication by Adam White, COO at Bakkt, the platform...Read More
Ethereum finally broke above the $150 level but now struggles at the resistance at $152. ETH broke beneath the lower boundary of the symmetrical triangle as expected. The bulls are attempting to gain control over the momentum but have failed to break above the 50 level on the RSI so far. Key Support & Resistance...Read More
Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has chosen a new cabinet seeking the Peronist agenda and possibly going against IMF’s involvement in the country. Bitcoin Trading Volume At ATH According to the popular monitoring resource Coin.Dance, the...Read More
TRON Exchange has seen a positive response in this December month. The exchange had seen registered users count increase from 4190559 to 4262802 by over 100,000. The official Twitter account of TRON took to twitter to announce this growth trend. The reason being the publicity surrounding the TRON exchange. Earlier, TRON & Poloniex partnered. CEO...Read More
Malta-based digital asset exchange OKEx is introducing Tiered Maintenance Margin Ratio System for Spot Margin Trading. The spot margin trading will go live from 07:00-08:00 Dec 9, 2019 (UTC). This spot trading will lower the leverage risk and increase borrowing limits claims OKEx exchange. Full description of how this new maintenance margin ratio is different...Read More
The People’s Bank of China has collaborated with four major state-owned commercial banks, the three major telecom operators, Huawei to test its digital Yuan. The PBOC will test this digital currency in two cities in the initial phase. The cities being Shenzhen and Suzhou. As per the report, PBOC is inviting partners to strategize the...Read More
The Internal Revenue Service (IRS) of the US has long been trying to figure out the best way to single out and tax cryptocurrency holders. The authority has issued a new draft form which aims to obtain essential information regarding the acquisition, exchange, and sale of Bitcoin and other virtual assets. Do You Own Any...Read More
This year is coming to its end, and, naturally, it’s time to wonder what’s the next big thing in the world of Bitcoin. CryptoPotato had the chance to meet and talk with one of Bitcoin’s most famous proponents and industry experts, Anthony ‘Pomp’ Pompliano, co-founder and managing partner at the venture capital fund Morgan Creek...Read More
The last days saw Bitcoin trading under a tight range of $300, between $7300 and $7600. The good news is that Bitcoin is finally trading above the confluence zone of $7300 – $7400, along with the 4-hour MA-50, which was mentioned here more than once. Besides, the RSI is showing strength due to the negative...Read More
There are many ways in which cryptocurrency trading resembles the traditional ones, but there are just as many differences, as well. That’s why it’s possible to use regular definitions, but they need to be appropriately adjusted and related according to the specifics of cryptocurrencies. Price gaps, for example, are something seen quite regularly within traditional...Read More
