Bitcoin is now trading close to $12,000, a level which it breached and broke below two times over the past two weeks. Will it be third time lucky for the world’s top cryptocurrency? Since breaking over $12,000 on 2 August, for the first time since June 2019, it has been subject to a ‘bull trap.’...Read More
With Bitcoin once again inching closer and closer to $12,000, some are hopeful of the rise while others are fearful of a fall. Depending on which side of this equation you’re on, you’re either a hodler or a seller. Each side has an equal tug on the market as while hodlers are hodling on expecting...Read More
Ethereum has been enjoying one of its most active days in the market, with the crypto-asset’s price spiking on the charts after some time. Despite an active spot and derivatives market, however, the crypto-community on social media seemed to be besotted by one question only – Ethereum’s circulating supply. According to Ethereum’s founder Vitalik Buterin,...Read More
Leaving aside the fact that Bitcoin has been a strong ‘buy’ for a number of years [except 2015 and 2018, if we’re being picky] short-term traders get very anxious looking at the immediate price movement of Bitcoin. In times like these, it is better to be a hodler than a trader, but what if there...Read More
Apart from the value of the second-largest asset, another feature driving people’s attention towards it was the spike in its gas price. The amount of fees being spent on the Ethereum network has reached an all-time high. Data from Glassnode suggested that over 17,500 ETH [USD $6.8 million] were currently being spent on fees daily...Read More
With 2020 proving to be a year quite unlike any, there is a lot of debate around how cryptocurrencies can emerge quite successfully amidst the extreme uncertainty that has taken over the economy. For Bitcoin, the world’s largest cryptocurrency, 2020 was important as it underwent its third block reward halving, an event that reinforced its...Read More
Digital assets such as Bitcoin, Ethereum, XRP, etc, have become popular household terms in the financial world over the past decade. With its initial objective of easing the process of payments and transactions, the cryptoverse has become extremely competitive over time. Several years after the Bitcoin idea of a decentralized cryptocurrency was evident that cryptocurrency...Read More
Arguably the best way to earn a passive income from your crypto is with Decentralized Finance (DeFi) solutions. DeFi applications account for the placement of $2 billion worth of crypto assets and this number is growing all the time. What is DeFi? DeFi is revolutionizing the way we manage our money through the creation of...Read More
There is a lot happening within the Ethereum ecosystem. Although Ether’s value has struggled to break above $400, at the moment, the network is witnessing astonishing levels of activity. However, the balance in the Ethereum space did not seem completely right as while a few metrics flashed warning signs, others were noting new highs. Source:...Read More
Two of the market’s top cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH], have been witnessing a strong surge in their values over the past few weeks. This week, however, the BTC and ETH markets appeared to be taking a break as the overall percentage change in the value of the top two crypto-assets was just 5%...Read More
Last week, when Arcane Research reported that the number of Bitcoin transactions going up was not met by high transaction fees on-chain, people shifted their attention to SegWit. It was soon found that SegWit usage in 2020 is becoming popular again and 65 percent of the transactions are using digital signatures. It was a monumental...Read More
We are currently part of an unusual Bitcoin rally. Unlike Ethereum, Bitcoin hasn’t surpassed its highs from 2019. It hasn’t even come close, to be fair. However, many in the community remain bullish about Bitcoin only because it is not dropping from its yearly-high levels. As simple as that. At press time, the world’s largest...Read More
Bitcoin’s recent burst past $12,000 was unlike the first, and is potentially a sign of things to come. Over a week ago, on 2 August, when Bitcoin rose past $12,000 for the first time since June 2019, its price dropped by 8 percent within the hour. The rapid rise tested a bull trap where trigger...Read More
In the current era of the financial industry, cryptocurrencies have become a household name for investors and traders. Over the past decade, we have seen Bitcoin laying out the path for the rest of the industry, which has led to the current influx of crypto projects coming into existence. The idea of investing in digital...Read More
DeFi ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well. At the time of writing, the same figures had risen to as high as $4.58 billion. Leaving ETH behind Interestingly, while...Read More
Bitcoin has been termed as many things, an uncorrelated asset, diversification for portfolios, a bubble, etc. However, with the Coronavirus pandemic still affecting world markets, the narrative has evolved yet again. The sudden halt of supply chains and industries has caused irreparable damage to the economy of most countries. In India, Reserve Bank of India...Read More
The last few weeks have been good for Bitcoin, and by extension, the cryptocurrency space. Sure, the world’s largest cryptocurrency finally surged on the charts to give much-needed relief to its investors, but that wasn’t all. With every passing day, cryptocurrencies are being legitimized as an “asset class,” and mainstream institutions are finally playing a...Read More
Since it was created, Bitcoin’s aim has always been to prove traditional finance wrong. Now, it seems like this aim is being fulfilled. With every passing day, Bitcoin’s price is either holding firm, surging ahead, or surviving a fallout. Its price performance over the past 3 months is a testament to the same, and this...Read More
Cryptocurrencies, like any other financial asset, have long been used for ransom by illicit actors. Over the years, there have been multiple crypto-scams and Ponzi schemes that have managed to siphon a huge amount of cryptos directly from users, while others have attacked third parties like exchanges with Ransomware or DDoS attacks. Impersonation scams have...Read More
This past week, over 231,000 Bitcoin [~$2.54 billion] and 3.5 million Ether [~$1.05 billion] acquiring profit of over 25 percent were sent, according to the latest market intel report by blockchain analytics firm Chainalysis. This is a bullish market, one where the king coin is priced at over $11,500 (Its highest price since August 2019)...Read More
The cryptocurrency market has been waiting for a rally since the beginning of the year. However, while the bulls were all set to push the market north, events such as the COVID-19 pandemic intervened to restrict the movement of crypto-assets. Now, once again, analysts are highlighting the bullish signs in the market, with the world’s...Read More
With Bitcoin’s price gathering positive momentum in its price charts, some of the important metrics were beginning to witness a shift. The largest digital asset recently breached over the $11,500 once again and it is currently marching towards a re-test of the $12,000 resistance. With the price climbing the valuation ladder, the Glassnode indicated that...Read More
If the past few weeks are anything to go buy, you better have Bitcoin in your portfolio. The cryptocurrency is now trading at over $11,500, not only consolidating into five-figures, but surviving a bull trap, and decoupling from the stock market in the process. Going by this change of market sentiment, and with the backdrop...Read More
Shifting trends are not uncommon in the crypto industry. At the moment, Ethereum’s bullish narrative is possibly heading towards a restructure. It seems like a long time but Ethereum surged past its $400 resistance only a week back. The fact that the community has been talking about it consistently is making it impossible to keep...Read More
After having struggled below the $10,000 mark for a long time, Bitcoin managed to go past it recently after it broke out of its rather long consolidation phase. While Bitcoin is often accused of exhibiting alarmingly high volatility, during the course of the past month, its volatility dropped substantially to the dismay of many traders...Read More
While most crypto-users have welcomed regulations that are now being developed for the digital assets market, it hasn’t always been smooth sailing when governments and regulatory bodies have confronted compliance-related challenges. While more regulations have helped the industry grow and even improve user and investor confidence, there are questions of data privacy that have arisen...Read More
The crypto-market has been noting a lot of momentum lately, especially in light of price volatility making a comeback. With prices heading north, Bitcoin and many of the market’s altcoins have offered great returns for investors. However, while traditionally many have leaned on Bitcoin, traders may now be eyeing altcoins for the long-term over the...Read More
Medalla, Ethereum 2.0’s final public testnet, went live on 4 August with over 20,000 validators. This testnet was the final leg before ETH 2.0 goes live tentatively by the end of 2020. According to Beaconchain block explorer, with 21,605 current active validators, approximately 691,360 ETH have been staked. Medalla’s launch may have also contributed to...Read More
The last few months have been pretty fruitful for Cardano. Not only did its native cryptocurrency, ADA, perform exponentially on the charts, but Cardano also hit a major milestone recently following the much-anticipated Shelley hardfork. In what is more good news, popular crypto-exchange Bitfinex has announced that it will be listing ADA on its platform,...Read More
Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions...Read More
