As is often the case in the digital asset market, an altcoin may perform extremely well over the course of a bull rally. In fact, it may even outperform Bitcoin, which is why in the eyes of many, such tokens might even look like the real thing. However, many of these would soon crumble under...Read More
It feels weird writing about Bitcoin’s drop to $10,000 since usually, the headlines are all about Bitcoin’s rise above $10,000. However, with the market as bullish as it is now, a drop to $10,000 seems to be much worse than it actually is, compared to a rise over it. Even so, how bad is it?...Read More
Let’s face it – DeFi is a big deal right now. Unexpectedly so, but it really is. Perhaps, nothing highlights this better than the fact that the Total Value Locked figures for DeFi have soared from just under $700M in January to over $7.8 billion, at the time of writing. It has, simply put, been...Read More
Ever since the largest cryptocurrency in the world began its bullish swing a month ago, it has breached the $12,000 mark a few times with each attempt succeeded by a big push down and thus placing Bitcoin into a FUD-feedback loop. FUD stands for fear, uncertainty and doubt, and it’s quite a common occurrence in...Read More
Exchange tokens have been around for over 3 years now and yet, there are many who claim that these assets remain difficult to price or attribute real value to. This is interesting since the definition of an exchange token is pretty basic – a utility token that gives users a stake in any cryptocurrency exchange...Read More
Bitcoin’s recent price action triggered a cascade of sell liquidations on BitMEX. In fact, a total of $264 million sell orders were liquidated following Bitcoin’s price drop below $11,500. Interestingly, the U.S stock market also suffered a similar fate. However, perhaps the reactions of traders on derivatives exchanges are most important since those reactions influence...Read More
Bitcoin’s price has been increasingly volatile over the past few days. However, despite its most recent fall, the cryptocurrency has been able to maintain its position above the key $10,000-mark. While growing uncertainty in the global markets has followed the fiat printing spree governments undertook to keep the economy alive, Bitcoin’s value proposition as a...Read More
Ethereum has been sharing the limelight with Bitcoin this year following its exponential growth. This growth, however, was churned out by the growing interest generated among users through Decentralized Finance [DeFi] and the thought of making use of smart contracts to leverage positions in the market. With DeFi gathering momentum, ERC-20 tokens too were grabbing...Read More
The Decentralized Finance [DeFi] space has gained a lot of attention in 2020 and given the hype, it has invited a lot of skeptics as well. Alas, the hype of DeFi seemed to come crashing down on 5 September after the anonymous founder of SushiSwap sold all of his tokens, with many yelling “Exit scam!”...Read More
In light of the short-term memory span of most people in the cryptocurrency space, it’s easy to forget just how bullish Bitcoin has been, despite its drop from $12,000. For over a month, Bitcoin has been trading in five-digits, and most of that time was spent over $11,000. The largest cryptocurrency in the world was...Read More
Decentralized network, Chainlink was under attack by a spammer who targeted select few node operators on Sunday, with the intention of disrupting the network through unnecessary on-chain computation. Chainlink nodes are oracles that allow smart contracts that reside on the Ethereum to interact with external software. Chainlink community member further said in the thread that...Read More
Bitcoin may have been confined to certain price levels, forcing it to endure quite a bit of sideways movement, over the past few months. However, parallelly, the DeFi space has registered a major boom. The growth of DeFi this year has also raised questions about the sustainability of the platform it is based on –...Read More
Ethereum has been carrying the burden of weak, yet vital, fundamentals for the majority of August. With its value performing exceptionally in the market, most people are overlooking the fact that this was largely possible only due to the involvement of DeFi, and not ETH interest or adoption. Santiment’s latest tweets, however, have re-stated a...Read More
Being one of the most powerful men in the world offers no immunity from the tricks and wits of scamsters. This was evidenced a few hours ago after the Twitter account of Indian Prime Minister Narendra Modi’s website was hacked by “John Wick,” a few weeks after a wider attack was orchestrated against the likes...Read More
Vertex.Market launched a revolutionary Peer to Peer (P2P) trading platform that will change the way P2P trading is conducted. It is currently available for 6 major cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, USDT Tether, and USD Coin. Vertex has put in a lot of effort into making life easier for cryptocurrency sellers. Streamlining...Read More
Institutional investors and their interest in Bitcoin Futures are driving growth on derivatives exchanges like the CME and Bakkt. In fact, just recently, Bakkt Bitcoin Futures volume hit a new high of $167M, while the CME clocked in a volume upwards of $930M on the same day, the 25th of August. Source: Skew Source: Skew...Read More
For the longest time, trust has always been missing from the digital asset industry. 2017’s ICO boom, during which innumerable altcoins and shitcoins were shilled, did little to reverse this sentiment in the minds of many. In fact, now, there is a common consensus that suggests that the industry has put the crypto-demons of 2017...Read More
Darwin’s theory of natural selection, and by extension, the idiom “Survival of the fittest,” is incredibly apt when it comes to describing the digital asset industry. For long, Bitcoin was considered to be the only ‘fit’ candidate in the crypto-ecosystem. Over the years, however, Ethereum has managed to carve out its own position of strength...Read More
CoinMarketCap Chief Executive Officer Carylyne Chan and Vice President Spencer Yang have departed from the leading cryptocurrency price tracking company. In an open letter on her blog, Chan bid adieu to CoinMarketCap community after working with them for 2.5 years. Chan hinted that she could soon begin a new venture of her own as she...Read More
With the defi and the yield farming frenzy spreading like wildfire, it feels like the start of a bull run. A number of parallels can be drawn between the upcoming rally and the 2017 bull run. But are we ready for the next bull run? As addressed in the previous article, there are three aspects...Read More
BitMEX the old? Once the OG and pioneer, BitMEX seems to be getting old, or at least the contracts listed on the exchange are. There are contracts for 8 coins – BTC, ADA, BCH, EOS, ETH, LTC, TRX, and XRP. Most of these coins were popular in 2017 but few seem to have survived and...Read More
Yield farming has been quite the rage lately, with some going as far as calling it the “rocket fuel” that DeFi needs. The hyperbole is well and good, but the question remains – Is Yield Farming the real deal? Or is it yet another one of those brief fancies that often catches the eye of...Read More
Cryptocurrencies and their proponents take a lot of pride in the former’s decentralized nature. In fact, if you ever hear someone pitching Bitcoin to someone else, you can be pretty sure that decentralization and a lack of central authority will be one of the first features he/she will highlight. A pitch like that is well...Read More
Growing institutional interest has been a driver for Bitcoin’s price since July 2020. However, in what is being termed as the bull run of the season, other drivers of growth such as increasing liquidity, demand by new buyers, and Bitcoin’s volatility on spot exchanges, are also rearing their heads. For Bakkt, institutional interest has contributed...Read More
Ethereum’s growth in the year 2020 has been quite astounding. Not only has the decentralized finance platform built on top of it prospered, but the integration of prominent stablecoins like Tether [USDT] has contributed to the same too. While the onboarding of projects did attract a lot of interest from crypto-users, it also highlighted cracks...Read More
The expiry of contracts worth $80M on 28 August 2020 was accompanied by a 3.29% change in Ethereum’s price on spot exchanges. Usually, major expiry events such as this affect the price of Ethereum since they bring about change in liquidity, Open Interest, and Put/Call ratios. However, off-late, the relationship between the expiry of contracts...Read More
Bitcoin’s on-chain fundamentals grew stronger post its second halving in 2016. However, while most traders have historically been focused on the world’s largest cryptocurrency’s price action, there is a degree of ignorance when it comes to studying metrics for building a trading strategy. Here are just a few of them that highlight such growth in...Read More
Decentralized Finance, frequently shortened to DeFi, is a new type of electronic banking system that has been generating buzz within the crypto community and beyond. To date, the DeFi space accounts for more than 4 billion in crypto-assets and is shaping the future of digital finance. What is DeFi and What Sets It Apart within...Read More
Bitcoin‘s price was once again consolidating yesterday as many of the market’s traders awaited the Federal Reserve Chair Jerome Powell’s speech. The market anticipated the Fed to raise the inflation rate, but Powell introduced new plans to target inflation averaging at 2% over time. However, while the Fed Reserve chair shared his insights, Bitcoin’s spot...Read More
The cryptocurrency market has provided an alternative to the age-old banking system, with the year 2020 at the fore of showcasing its ability to swiftly bounce back after the pandemic hit global markets. More and more people have been shifting their focus to Bitcoin and other cryptocurrencies as a hedge against global events. Joining Bitcoin...Read More
