When Gold’s price drops, does Bitcoin have something to do with it? Gold’s price dropped by over 1.5% today while Bitcoin was down by over 2%. Over the previous week, Gold’s price dropped by 0.69%, while Bitcoin’s price was down by 0.84%. While things are different over longer periods, both these assets are different. From...Read More
Ethereum dropped from $580 to $540 and recovered over the past week, but it still faced significant resistance from the $600 region and showed waning bullish momentum as it sat atop a level of support. EOS formed a bullish reversal pattern, but its breakout was unconvincing and it could be headed back to a level...Read More
This article isn’t going to be one that talks about bitcoin’s deflationary model, its store of value, and how it is an uncorrelated asset that acts as a hedge in case of a crash in the traditional market. The article also doesn’t talk about bitcoin’s superior returns as compared to the long-standing assets in the...Read More
Bitcoin SV was bearish in the market and could be headed down to $150 in the coming days. Tezos confirmed a bullish reversal, but the $2.24 resistance was too strong for the bulls to overcome. IOTA could be set to tread water in the vicinity of $0.29 in a period of consolidation. Bitcoin SV [BSV]...Read More
PornHub’s premium membership is supported through multiple cryptocurrencies like Bitcoin [BTC], Bitcoin Cash [BCH], Dash, Etheruem [ETH], Ethereum Classic [ETC], Litecoin [LTC], Nem [XEM], Tether [USDT], Tron [TRX], Verge [XVG], Waves [WAVES], and Zcash [ZEC]. It has now also added Monero [XMR], to this list of cryptos further expanding its crypto adoption. Although cryptocurrencies were...Read More
The cryptocurrency world has been used to regulators coming down hard on the crypto businesses, especially in China. However, according to a recent update, Hong Kong regulators have given its first SFC-License to OSL. According to the official announcement from the parent company of OSL, BC Technology group: “OSL, Asia’s leading digital asset platform and...Read More
The long wait for the victims of the Mt. Gox hack might find respite in the coming days as the trustee has finally submitted the draft rehabilitation plan. According to an official announcement, Nobuaki Kobayashi has filed a draft rehabilitation plan to compensate users who fell victim to hacks suffered by the exchange. As per...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The Bitcoin market has witnessed a sell-off at the time of writing. The largest cryptocurrency fell from $19,491 to $19,134. This also resulted in the falling price of altcoins like Litecoin. This sudden fall...Read More
Bitcoin Cash was on its way to test the $288 level of resistance. Dash lacked momentum as it approached a crucial level at the $100 mark, and Ethereum Classic formed a bearish reversal pattern that could see the price drop back toward support. Bitcoin Cash ]BCH] Source: BCH/USDT on TradingView Over the past 24 hours, BCH...Read More
Cynthia Lummis, an American politician who is the US Senator-elect from Wyoming, believes that Bitcoin will be crucial in the event that the fiat system crashes down. In a recent episode of the “What Bitcoin Did” podcast, Lummis told Peter McCormack: If we reach the point where we have overspent so much that things start...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Ethereum‘s price has been stagnating over the past few weeks, despite Bitcoin-inflicted drops. In fact, ETH’s price was stuck at $586 as it tried to reclaim its price before the said drops. When the...Read More
Ihor Kolomoyskiy, a Cypriot-Ukrainian billionaire business oligarch, and former governor of one of Ukraine’s provinces, is reportedly running a Bitcoin mining operation at a steel factory in Kentucky. The factory, CC Metals & Alloys (CCMA) is owned by the Ukrainian tycoon Ihor Kolomoyskiy and his business partner Hennadiy Boholyubov. An anonymous former employee of the...Read More
Ethereum’s Vitalik Buterin took to Twitter to warn the crypto community against taking personal loans to purchase Ether and other cryptocurrencies. In a Twitter post published on Monday, Buterin asked his followers not to take out personal loans to buy ETH or other assets in response to a user’s tweet that he addressed. The anonymous...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice For most of 2020, Bitcoin SV’s price movement has been contained within the resistance level of $235 and the support level at $150. While the trend has appeared both bullish and bearish, the latest...Read More
Bitcoin Cash and Crypto.com Coin could be set to trade within a range over the next few days as they lacked any momentum in the short-term. However, while Bitcoin Cash noted a balance between the market’s buyers and sellers with respect to the volume bought or sold, NEM saw a breakout to the upside and...Read More
For many, DeFi was the hot property of 2020, thanks to the growth it recorded over the course of the year. In fact, while at the beginning of 2020 the TVL was a “mere” $675 million, the figure had risen to just under $15 billion, at the time of writing. Source: DeFi Pulse It is,...Read More
Bitcoin’s consolidation phase continues to take place at a higher trading range, with the price climbing back above $19,000 again. In fact, every time BTC has gone down below the $19k-mark, bearish concerns have resurfaced across the industry. Source: Coinstats This is the reason why the price re-discovering its position above $19k again is a...Read More
Bitfinex has added four new assets on Bitfinex Borrow, its peer-to-peer (P2P) digital token lending/borrowing platform. The latest digital assets added, including XRP, Litecoin LTC, EOS and Polkadot DOT, can act as collateral to obtain crypto and fiat loans. 📣 On Bitfinex Borrow you can now get a loan using the following collateral: XRP ($XRP)Litecoin...Read More
Zhou Xiaochuan, former Governor of China’s central bank revealed today that the nation’s long-awaited Digital Currency Electronic Payment or its CBDC, digital yuan, is not being issued as a replacement to global fiat currencies such as US dollar or Euro, according to a local report from the SCMP. During the Shanghai Financial Forum, the official...Read More
JP Morgan’s take on Bitcoin turned 360 degrees in 2020. This was understandable, however, as it wasn’t just Bitcoin’s price rally that caught the eye of institutional investors and banks, but it’s decoupling with gold too. According to one of the world’s biggest banking institutions JP Morgan Chase & Co., the rise of cryptocurrencies in...Read More
Over the past few trading sessions, many of the market’s major altcoins have registered gains. And yet, for some of them, the gains were only a pullback in their downtrends. Ontology and DigiByte were some examples of coins on a downtrend over the past two weeks. They had a bullish November, but have been unable...Read More
In what is a much-awaited development, the IOTA Foundation has just announced that the Chrysalis Testnet will go live on the 14th of December. Chrysalis, also known as IOTA 1.5, is the mainnet’s intermediate stage before Coordicide is complete. Chrysalis testnet coming tomorrow. Stay Tuned!#Chrysalis #IOTA pic.twitter.com/mDnOkw928W — IOTA (@iotatoken) December 13, 2020 The Chrysalis...Read More
Monero was one of the least affected large-cap altcoins when Bitcoin registered some volatility over the past few days. It climbed past the $150-mark and could note further upside over the next few hours. Further, while Steem appeared to be on a strong uptrend once more, Compound held on above the $140-level of support. Monero...Read More
Only 22% of bankers and financial investigators feel confident detecting crypto-related payments, according to blockchain analytics and cryptocurrency intelligence company – CipherTrace. During a webinar on “How Cryptocurrency Intelligence Tipped the Scales in 2020 Sanctions Evasion,” over 500 attendees from various financial institutions were asked if they felt confident detecting cryptocurrency-related payments flowing through their...Read More
Bitcoin’s ascent past $19,000 lent some strength to the altcoin market as Stellar Lumens broke out of a falling wedge and headed towards $0.2 over the next few days. On the contrary, Waves was held back by selling pressure over the past few days and could break beneath a level of support while Dash showed...Read More
The current Bitcoin bull run, or more appropriately labeled ‘price rally,’ has been initiated by large investors and institutions, not by retail traders. It is evident from the trade volume and activity on spot exchanges that institutions are buying and HODLing. There are big spot buyers and the correction in Bitcoin’s price, like the recent...Read More
Disclaimer: The findings of the following article ar the sole opinion of the writer and should not be taken as investment advice Litecoin, the cryptocurrency dubbed the silver to Bitcoin’s gold, has emerged out of its bear market quite gracefully. Its 2020 YTD returns, at the time of writing, were 90%, a figure that wasn’t half...Read More
Bitcoin’s price has been in a state of constant fluctuation over the past few weeks, dropping to a low of $17.6k before recovering to climb above $19k, at the time of writing. The drop in price witnessed earlier was a cause for concern for many investors who believed that the market was headed for a...Read More
Bitcoin cycles have evolved over the past decade, a development that has been pretty similar to Bitcoin’s own evolution as an asset. Also obvious is the maturity of not just the market’s investors, but the perception of Bitcoin as an asset class. If 2020 has proved something, however, it is that Bitcoin is a resilient...Read More
Ethereum showed strength in the market and recovered from the $540-level it dropped to a couple of days ago. Augur experienced significant volatility in recent weeks. Finally, FTX Token continued to climb on the charts, with the crypto on an uptrend it has been on since early November. Ethereum [ETH] Source: ETH/USD on TradingView ETH...Read More
