The selling pressure bearing down on Bitcoin seemed to be exceptionally high, at the time of writing. Since the end of July, Bitcoin has now re-tested its support at $11,400-$11,200 more times than it has breached $12,000 on the charts. With every passing day, bullish momentum has lagged in terms of intensity and with altcoins...Read More
China is in the news a lot. Whether it be Bitcoin, a trade war, or a pandemic, a closer look usually reveals that much more is happening under the hood, especially when it comes to all things crypto-related. In addition to altcoin trading or trading in general, stablecoin transactions are also highly concentrated in China....Read More
The cryptocurrency market has for long been eagerly waiting for an opportunity to participate in a rallying market, especially since the Bitcoin halving in May. Now, it would seem that it has finally got this opportunity. At the time of writing, the market was noting a rising number of BTC holders, especially among whales. In...Read More
Lately altcoins have been the talk of the town. From ICOs to defi tokens, altcoins are plenty in number and perhaps Asian traders are to thank for that. FTX is well-known for its listing of new tokens and so is Binance, which listed Nexus Mutual token earlier today [NXM]. (Any common thread you recognize there?)...Read More
Since the start of 2020, Bitcoin market cap dominance has been challenged valiantly by the altcoins. Their performance, led by the likes of Ethereum, Chainlink, and Cardano, cannot be undermined, and neither can DeFi’s growth be ignored. Source: Arcane Research According to Arcane Research, Bitcoin’s dominance is currently at a yearly low since amassing a 70%...Read More
A global leader in the technology and blockchain industry, Maxonrow is thrilled to be hosting the first-ever MAXathon. This digital hackathon will challenge participants to reimagine the use and applications of blockchain for health and sanitary solutions in response to the COVID-19 pandemic. With €15,000 in prizes available, blockchain experts, developers, and other tech enthusiasts...Read More
Bitcoin sliding under $12,000 wasn’t surprising considering the number of failed taps at it. While this retracement is a healthy correction, it is uncertain to accurately predict what might happen in the future. However, there are theories and models that try to do exactly that. Bitcoin Four-Year Cycle Source: Twitter For instance, the “four-year cycle...Read More
Consider this – Exactly three months ago, the TVL locked in DeFi was well under $1 billion. At the time of writing, the same figure was closing in on $7 billion, with DeFi’s market cap north of $14.5 billion. The differential over the three months is just one of the metrics that tell us how...Read More
“Extraordinary claims require extraordinary evidence” This is the Sagan Standard, an aphorism made popular by astrophysicist Carl Sagan via Cosmos. It’s a pithy observation, one that applies to not just the greater realms of Science, but also to Bitcoin and the rest of the cryptocurrency market. This is especially so when it comes to an...Read More
As one of the largest organizations managing crypto-investment trust funds for accredited and retail investors, Grayscale recently crossed the $6 billion-mark with respect to Assets under Management (AUM). That’s not all, however, as over the past few years, besides catering to institutional investors, Grayscale has also seen increasing retail demand for crypto-exposure through 401k savings....Read More
Digital assets are not taken lightly any longer. Many businesses are forming around it and the use of blockchain and crypto is developing every year. Now Bitcoin and Ethereum are the flag bearers but a majority of the public still fails to distinguish between Ethereum and Ether with clarity. Yes, the general crypto public is...Read More
Unless you’ve been hiding under a rock over the last year then you will have heard of Decentralized Finance, often abbreviated to DeFi, the next step in the evolution of digital banking that already accounts for more than $6 billion in crypto assets. Put simply, it is an electronic financial ecosystem that runs on a...Read More
Bitcoin‘s market price is under a transitional period and the same can be said for the market sentiment at the moment. Correlation is a huge part of the market and any price movement often changes the metric which leads to important alterations. The asset’s price recently topped at $12,500 and it led to an interesting...Read More
Ethereum‘s price fell below $415 recently, and in doing so, it took the crypto-asset lesser time than it took when it was looking to climb that elusive range. While the crypto-asset was back above $400 at the time of writing, the latest price collapse in ETH’s value was far from surprising. Only a week ago,...Read More
Bitcoin has emerged to become synonymous with cryptocurrencies, especially to people who are new to the field. Often on introduction to Bitcoin, there have been many direct comparisons with traditional assets and precious metals. After nearly a decade of existence, Bitcoin seems to be proving itself to be a safe-haven asset. However, shouldn’t it be...Read More
Ripple Foundation with CEO Brad Garlinghouse believe in the future of cryptocurrency, so we make the largest airdrop on history for 100,00,000 XRP – Visit: www.xrpgirft.org Yeah, that’s how the latest “XRP giveaway” introduces itself. Like many in the past, the latest XRP giveaway scam on YouTube claims to be genuine, with its ‘live stream’...Read More
Bitcoin has been called a lot of names and has been through a lot of phases as well. With where it stands, it can be safely called a store of value and internet money that can be transferred p2p. At press time, Bitcoin continues to remain well over $11k with a trading price of $11,813...Read More
There was a time when a pump in the Bitcoin market would translate into growth for other cryptocurrencies. However, recently, there have been signs of an inverse correlation between Bitcoin and many other altcoins, especially small-cap assets. The previous week’s market movement put major crypto-asset, Ethereum [ETH] in a top spot for incurred gains as...Read More
The market is once again expressing bullish features, as the price of Bitcoin [BTC] pumped above $12k on 17 August. The price of the largest crypto asset spiked by 5.68% within two hours on Monday, enabling BTC to breach its resistance and report a yearly high of $12,473. This rally also helped push the trading...Read More
bitFlyer has been one of the most reliable cryptocurrency exchanges over the past few years. The exchange was established in Tokyo, Japan back in January 2014, when the rules and regulations in Japan were far more amiable in terms of digital asset operations. However, the exchange has also been available in the United States since...Read More
As of Tuesday, bitcoin hashrate dropped by 25% due to massive landslides in Sichuan province. The landslides caused by heavy downpour caused the Sichaun province to trigger a Level I response, the highest in its tier four-tier emergency response system. Bitcoin mining and Sichuan province With bitcoin successfully breaching the $12,000 level, things seemed to be...Read More
Once upon a time, Bitcoin‘s shadow was so overwhelming that many of the market’s altcoins failed to get the attention they deserved. Over the last few months, however, this narrative has steadily changed. While Bitcoin still maintains its superiority as the world’s largest and most-favored digital asset, other altcoins such as Ethereum, Chainlink, and Cardano...Read More
If you were to use one word to describe the Bitcoin market right now, it would be “strong.” For the past three weeks, the world’s largest cryptocurrency has been trading at a level over $10,000, a feat it has managed only 14 times since the 2017 bull run. Prior to this run, Bitcoin was in...Read More
Every time Bitcoin moves up or notes a consolidation, there’s the question of a sell-off. Since the cryptocurrency markets are so volatile, you can’t blame traders or even investors for cashing in their investments at a significant profit. The current market is no different. According to data from Chainalysis Markets, inklings of a sell-off are...Read More
There is no lack of development in the Ethereum community at the moment. However, while Ether’s value is soaring, the network has become the most expensive one to use and miners are rejoicing over all-time high revenues, with the network’s hashrate now better than it has ever been in the last 20 months. And yet,...Read More
How do we know we are in a bull run? Early 2017 did not show signs of what could occur by the end of 2017. However, bitcoin and the crypto ecosystem seems to be already in the bull run. Bitcoin has, briefly, breached the $12,000 level, however, failed to sustain it. Regardless, the bullish feeling...Read More
The case of the ‘hodling of Bitcoin’ is a curious one. At first, it would seem that those who would be more inclined to hodl the cryptocurrency would be average everyday people who heard about it before the 2017 bull-run, and not the corner-office institutions who jumped in only after 2018, but reality is quite...Read More
How does one identify if a market is healthy or not? Well, that is a question with no right or even one answer. What can be expanded upon here, however, is the nature and attitude of the investor class – a crucial characteristic of a healthy market. How has that changed over the years and...Read More
If one were to take a survey, chances are that most would agree that the last few weeks and months have been pretty good for the cryptocurrency market. Bitcoin, and with it, the rest of the crypto-market, seem to be on the up, with the memories of Black Thursday well behind it. However, that’s not...Read More
The cryptocurrency market has for long tried to emerge as a savior from the web of complicated and somewhat flawed, traditional financial systems. Alas, the system that was supposed to lead by example by pushing forth a decentralized and open alternative hasn’t always convinced, with some crypto-users picking and choosing the moments to follow these...Read More
