Bitcoin, the world’s largest cryptocurrency, after much prevarication, finally breached the $16,000-mark across some major crypto-exchanges. In the last hour alone, Bitcoin hiked by over 1.5%, with the cryptocurrency gaining by over $150 on the charts. Additionally, BTC was up by 4% and 11% on the daily and weekly timeframes, respectively. Source: BTC/USD on TradingView...Read More
Commodities trader and analyst Peter Brandt said on Twitter that XRP would have been deemed a security if the US Securities and Exchange Commission (SEC) regulators completely understood the workings of cryptocurrencies. Brandt published his XRP stance in response to a comment by one Twitter user going by the name of Rexiby crypto, who claimed...Read More
Trading currently at $15,400, bitcoin isn’t a long way from its recent top; in fact, it is in consolidation and the price might soon make or break. Identifying this make or break could allow one to profit; however, that comes after identifying the direction of the breakout. This article tries to do just that by...Read More
Asset managers are riddled with low-yield fixed-income allocations, however, they are constituents of most portfolios. The role of fixed-income allocations is to deliver consistent returns, though the overall impact on the portfolio’s ROI is low. To improve this ROI, some fund managers turned to Bitcoin for exposing their funds to a higher risk-adjusted return. Traditionally...Read More
It has been 4 days since bitcoin came close to taking out the $16,000 level. While it seems like the price is done and it won’t push any further, it isn’t and a metric that considers the mean exchange inflow has lit up the “buy” signal. Source: CryptoQuant Crypto Quant’s CEO Ki Young Ju tweeted,...Read More
With recent announcements of the COVID-19 vaccine, new momentum was unleashed for Bitcoin on spot exchanges. Gold took a hit, and the increasing BTC-Gold correlation spread was a relief for most retail and institutional traders. New demand for BTC was generated, as the news spread and to meet this demand, miners flow to exchanges has...Read More
The most recent Bitcoin rally was good, even though we did not hit $16,000 or go beyond it. This was a much-needed pump after the much-anticipated Bitcoin halving and the Black Thursday crash back in March. However, an interesting takeaway from the rally, if one were to look closer, was the identity of who helped...Read More
We feel very proud to be able to announce the imminent launch of NavCoin’s brand new privacy method blsCT, which is a ground-breaking and interactive mixing protocol that enhances the anonymity of a transaction through the combination of the Boneh-Lynn-Shacham (BLS) signature scheme with Confidential Transactions. The former enables us to hide both the amount...Read More
With Bitcoin’s price rallying, altcoins that are strongly correlated to the world’s largest cryptocurrency are set to benefit immensely from it. However, one unusual category of projects, DeFi, may benefit from Bitcoin’s rally too, despite its top projects being inversely correlated with Bitcoin. Correlation of cryptocurrency projects with BTC || Source: Cryptowatch Based on data...Read More
Every dollar increase in Bitcoin’s price is a testament to its worth in the cryptocurrency pie. Despite there being over 2000 coins in the market, Bitcoin’s undeniable importance is underlined by its share in the entire coin market. According to the October report from cryptocurrency data analytics company CoinGecko, among the top cryptocurrencies by market...Read More
With the Bitcoin Fear and Greed Index noting a reading of 88 on the charts, based on data from Alternative, the trade volume of Tether was noted to have dropped by nearly 4%. In fact, the drop was pretty noticeable on the price charts too as Tether hit a low of $0.99 for the first...Read More
Bitcoin, at the time of writing, was trading at a 112.5 percent premium to its price at the beginning of the year, a 282.5 percent premium to its lowest price in the year, and 28 percent off its highest price ever. Even with all the fervor around the price rally, one question needs to be...Read More
The cryptocurrency world is full of ‘ifs.’ For instance, if you would’ve bought Bitcoin 10 years ago, you would’ve been a millionaire now. The problem with statements like these is that they are based on probabilities, which, let’s be real, never come true. While you were certainly not thinking about an obscure internet currency in...Read More
The interest and development of the crypto mining businesses have taken off in the past couple of years. While mining is a major functionality for assets such as Bitcoin, Ethereum, etc, it is often difficult to set up your own mining unit. Hence, mining firms have become popular amongst interested investors but making profits out...Read More
Bitcoin has new blood. With the cryptocurrency reaching a high not seen since December 2017, following which it endured a 15-month long bear market, new and unfamiliar investors are entering the Bitcoin markets. For starters, these newbies are rushing in to buy Bitcoin, creating fresh demand. This demand has to be catered to by Bitcoin’s...Read More
Canada’s federal tax collection service, the Canada Revenue Agency (CRA) is asking a judge to force Toronto-based cryptocurrency exchange Coinsquare to hand over information and certain documents about all of the platform’s clients using the platform since early 2013. CRA intended to use this information to help fight against tax fraud and the underground economy....Read More
2020 has been a key year for Bitcoin. There have been key moments of highs and lows but the current market suggests that the digital asset might be saving its best period for the penultimate months. The price speaks for itself. BTC is valued above $15,000 as we speak, taking over major price range one...Read More
Five months into the third halving and Bitcoin’s price has rallied 75%. Most of this can be attributed to the race to over $15000 in the past 24 hours. There was a 6.47% daily gain and this could possibly be termed parabolic. Hitting a high of $15000 did not even surprise most seasoned traders as...Read More
After cryptocurrencies became globally popular following Bitcoin’s massive bull run in 2017, various businesses have emerged from that industry in order to make capital. While most ventures have been towards developing or launching a crypto exchange, many have taken the path of crypto mining. Mining is an essential function for certain cryptocurrency such as Bitcoin...Read More
US Department of Justice announced on 5 November that it has filed a complaint to seize $1 billion worth of cryptocurrencies, in connection with the underground online marketplace Silk Road. In the document, DoJ revealed the seized funds included over 69,370 Bitcoin (BTC) and nearly equivalent amounts of Bitcoin Gold (BTG), BSV, and Bitcoin Cash...Read More
An analytics firm has claimed today they found an increasing number of reports from XRP holders who seem to be falling victim to a new scam. XRP Forensics published a tweet on 5 November that warned XRP community to “stay alert.” We [XRPlorer] also see an uptick in reports of stolen XRP as a result...Read More
Bitcoin is currently trading around $14,500. The asset saw this particular price range back on January 8th, 2018, a whopping 1029 days back. Safe to say, these were unfamiliar trading provinces in the past three years. With Bitcoin building its rally step-step across the past month, the recent entry above $14k is currently creating a...Read More
In anticipation of the upcoming hard fork of Bitcoin Cash (BCH), Hardware wallet manufacturer, Trezor announced that it “will not be supporting any coin split that may result from it.” Our official announcement regarding Bitcoin Cash hard fork. Trezor will not be supporting any coin split that may result from it. Read the full statement...Read More
On 4 November 17:00 UTC, bitcoin crossed resistance at $14,100. Bitcoin has ranged between $13,545 and $14,223 in the last 24 hours, marking a new high for the year. Image Source: Trading View BTC was expected to face severe volatility since the US Presidential elections began, however, its price has been stable and is testing...Read More
With all eyes on the phased upgrade of Ethereum, the Foundation released an update today that the Ethereum 2.0 Phase 0 has now been set for an official launch at some time around 1 December this year. The update went on to state that the deposit contract was now live and can collect funds to...Read More
Yesterday bitcoin observed the second largest negative difficulty adjustment [-16.05%] of all time. The most recent one was after the bitcoin halving when difficulty dopped by -14.56%. There is one interesting connection between these negative adjustments and it will affect not just the miners but also traders. This article talks about what that is and...Read More
A few days ago, Bitcoin ended the month of October by closing above $13,700. This was big news since this was the highest monthly close since the historic bull run back in 2017-18. A high close at a time when Bitcoin is not massively leveraged and when exchange reserves are still low points to the...Read More
With Bitcoin’s price rallying above $13,700, the Bitcoin market has captivated all institutional investors, more than it did in 2017. Institutional money is pouring into Bitcoin and it can be argued that the present stage of the price rally is like an institutional macro stage. Bitcoin’s spot and derivatives markets have differentiated themselves from other...Read More
Remember that altcoin, the one you thought was going to be big and make you tons of profit? The one whose bag you bought and perhaps, are holding to this day? Yes, this article is about those altcoins that you thought were gonna get big, perhaps even becoming the next Bitcoin. Alas, most of these...Read More
Currently, there is a lot of speculation and forecasting going on in the DeFi ecosystem. After a wholesome year of remarkable growth and performance, DeFi is finally grabbing much attention than it has ever had. Unsurprisingly, there are still many critics and skeptics constantly probing the viability and longevity of DeFi protocols. In all fairness,...Read More
