The Reddit community WallStreetBets’ drama with main street hedge funds has now permeated the cryptocurrency sector with Dogecoin’s price pumping by 90% in a matter of hours. This surge has contributed to DOGE nearing its old ATH on the charts. Dogecoin has been in mainstream media due to a host of reasons, some of which...Read More
A new survey in UK found that about a third of British people are keen on investing in cryptocurrency but a majority of them do not understand the digital asset’s market conditions well enough to actually make investments. According to the national wide survey, 31% of British people are curious about crypto, however, 62% said...Read More
It seems that MicroStrategy CEO, Michael Saylor knows a thing or two about Bitcoin that most traditional investors overlook. In a recent interview with Unchained’s Laura Shin, the CEO claimed that people were missing out on a “fundamental issue” about the asset, and instead, they focused on Bitcoin’s technicalities. The chief exec believed that if...Read More
An interesting observation was put forward by Quantum Economics’ Mati Greenspan yesterday. The popular analyst observed that after Bitcoin touched its latest ATH at $42,000, Ethereum registered three new ones in the same timeframe. Albeit the press time corrections, Ethereum has been performing really well in 2021. With its valuation continuing to consolidate near its...Read More
Bitcoin breaching the $40,000-mark re-ignited levels of interest last seen in 2017, especially since more and more institutions and investors are now flooding in with keen interest. Both retail and institutional demands are rising today and as a result, crypto exchange-traded products or ETPs are thriving in the process. In fact, recent reports also suggested...Read More
Has the U.S approach to regulating crypto been harmful to innovation? According to many, the answer is in the affirmative. A similar sentiment was recently shared by SEC Commissioner Hester Peirce who said, “By being too slow and too inflexible, we have pushed some innovation outside the U.S, that would otherwise have happened here.” Speaking...Read More
Polkadot moved below its $16.05-support level, with its indicators highlighting more bearishness for the price over the coming trading sessions. Other altcoins such as Ethereum Classic and Maker moved within fixed channels on their charts and awaited further cues from market leaders BTC and ETH. Polkadot [DOT] Source: DOT/USD, TradingView The world’s fourth-largest cryptocurrency, Polkadot...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink‘s price was highlighting the promise of a surge, one that could range anywhere between 18% to 40% over the next month. This surge will be pivotal to the project’s prospective listing by the...Read More
Binance Coin was trading within a restricted channel and it awaited further direction from the broader market for a breakout. SNX flipped the $17-resistance level, but the indicators suggested that bullish momentum was slowing down. Finally, ZEC moved closer to its 200-SMA and a fall below that level would confirm a bear market trend. Binance...Read More
Stablecoins were adding $100M in market capitalization nearly every day back in June 2020. When expressed in big picture terms, the cumulative market capitalization rose from $9.4B in June 2020 to $35.4B in January 2021. On the contrary, DeFi projects’ TVL hiked by over 2500% from June 2020 to January 2021. Now, though DeFi projects’...Read More
eToro faced some technical issues today on 27 January. Several users took to Twitter to complain that they were unable to use the app. This was later confirmed by the eToto team which acknowledged the matter and said on Twitter: We’re aware that some users are unable to close positions on eToro. We’re aware that...Read More
Over the past decade, many organizations have attached themselves to the functionality and value of Bitcoin, but perhaps none can eclipse the presence and impact of Grayscale investments. While Grayscale went on a Bitcoin accumulation spree towards the 2nd half of 2020, its involvement in the development of other crypto-financial products went slightly under the...Read More
“This XRP coin is all or nothing,” noted Jeremy Hogan of the law firm Hogan & Hogan, with the legal practitioner becoming just the latest to comment on the SEC’s lawsuit against Ripple. Hogan, who claims to have studied the lawsuit in detail since December, is in the news after he asserted that if the...Read More
UAE-based LuLu Exchange is in the news after it announced its partnership with Ripple and India’s Federal Bank to facilitate faster cross-border payments from UAE to India. We are proud to announce our partnership with Ripple and Federal Bank to enhance real-time payments from UAE to India that are faster and more affordable than ever...Read More
Bitcoin SV remained below its 200-SMA as its prime moved south from the support at $167.7. Neo also mirrored the broader market sentiment as the market’s bears targeted a move below the $21.8-support. Finally, VeChain tested its press time support level, but the market’s bulls could hold on to the $0.028-level over the next few...Read More
Monero succumbed to yet another support level as the price moved below $134.4. Aave retraced from record levels, but the market still belonged to the bulls and the price could surge to fresher highs over the next few trading sessions. Finally, ENJ showed signs of a bearish pullback and a southbound move could see the...Read More
United States Securities and Exchange Commission (SEC) charged a cryptocurrency trader for allegedly being involved in a ponzi scheme defrauding more than $5 million from over 170 investors. The accused, Jeremy Spence, who goes by the name “Coin Signals,” was charged in Manhattan Federal Court for “soliciting funds” for various crypto funds that he operated. ...Read More
Anthony Scaramucci, former White House Communications Director, and founder of SkyBridge hedge fund made bullish statements about Bitcoin and called it “a good long-term investment.” While predicting upcoming volatility and correction, Scaramucci believed the digital asset would only increase in price. Alongside SkyBridge Partner and the Chief Operating Officer, Brett Messing, Scaramucci claimed that the...Read More
Grayscale’s dropping BTC premium is sounding alarm bells for investors and traders alike. Alarm bells isn’t an understatement, especially since the premium plummeted to 2% from about 30% back in December 2020. What does this mean? Well, the premium may have been the only motivation for institutions to invest in GBTC, and not Bitcoin. This...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Polkadot has been one of the market’s top performers in 2021, with the cryptocurrency’s price action speaking for itself. In fact, since 28 December, the crypto-asset has risen by a whopping 300%, a figure...Read More
US-based crypto trader and miner Simon Byrne has six Nvidia RTX 3080s graphics cards in the trunk of his BMW i8 car which is able to run the mining rig. According to HardwareTimes, the car’s internal battery can power the crypto mining equipment, however, Byrne keeps the trunk open to prevent the rig from overheating....Read More
Bitcoin, at the time of writing, was eyeing a 3-week losing streak for the first time since June 2020. While the 7-day period hasn’t concluded yet, a market close below the $32,300-mark will register a third red-weekly candle in a row. Now, while market sentiments didn’t seem to be particularly bearish at press time, certain...Read More
Tron hovered above its support level, but the market’s bulls could struggle to keep the price afloat in the short-term. Verge moved within a confined channel as momentum sided with neither the bulls nor the bears. Finally, Dogecoin fell below the $0.0085-resistance, but the indicators projected a bullish bounceback. Tron [TRX] Source: TRX/USD, TradingView Tron’s...Read More
Bitcoin‘s price might due for another correction after CryptoQuant’s Exchange Whale Ratio hit 0.87, a level last seen when BTC dipped to its yearly open at $28,956. While Bitcoin did see a surge yesterday as the price pumped to $34,800, the surge was met by holders waiting to sell their BTC. This sell-off is getting...Read More
Bitmain Technologies CEO Jihan Wu is reportedly stepping down from his role in the mining company. The Chinese billionaire cryptocurrency entrepreneur published a cryptic tweet on 26 January that mentioned a settlement with Bitmain’s co-founder and Wu’s rival, Micree Zhan. Regarding the settlement between Bitmain’s two co-founders Resilio Sync key: BEHPKSVC4IHNZ7YXP2K5TAVZYVYUAO57E — Jihan Wu (@JihanWu)...Read More
Bitcoin Cash floated above its 200-SMA and a move below this level was not expected over the next few trading sessions. ALGO’s short-term movement was mixed and a move in either direction would be dependent on cues from the broader market. Finally, DGB formed a bullish divergence on the CMF, projecting that the price could...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero‘s price was hovering just above the lower trendline of a bearish pattern at press time, with the crypto anticipating a bounce higher. A successful bounce could push the privacy coin’s price up by...Read More
EOS was trading below its 200-SMA and projected a prolonged bear market as its indicators favored the selling side. XEM targeted a move above the $0.229-resistance, backed by a surge in trading volumes and buying activity. Finally, COMP failed to breach its immediate resistance and a shift of momentum towards the bearish side could see...Read More
Bitcoin‘s price is range-bound in the short to medium term for sure, but in the long-term, the price has been showing no bullish signs. Hence, an obvious place to turn to is the past. Although the past tells a brief and unclear story, it is a story that cannot be ignored. The history of Bitcoin...Read More
Donald Trump is no longer President of the United States. Democrat Joe Biden is the 46th President of the United States and Janet Yellen is the Treasury Secretary in his administration. Despite a change in government, the underlying problems in the economy remain the same. The question thus is – Does this change the trajectory...Read More
