After spending the first half of December above the $140 mark, Ethereum dropped by 18% over the two days since December 16. While the coin has made efforts to rise up to the $134 level since, rejection at the resistance level has been brutal, pushing ETH down to $125 at the time of writing. Ethereum...Read More
The cryptocurrency market in 2019 underwent a rough journey, with major cryptos riding the tides one moment, and collapsing the other. Bitcoin, that noted triple digits YTD returns until earlier this year, remained profitable with 86% yield, at press time, to the investors. The price of the coin peaked in 2019 at $13,880 on 26...Read More
Despite Litecoin dropping by 16% in a little over a day on December 16, it has made considerable headway in crossing above the $40 mark, valued at nearly $43 just two days ago. At the time of writing, LTC’s $40 price-tag is still better than the December low at $35, which was last seen in February...Read More
People often criticize Bitcoin for its volatility, not realizing that the coin is still in development, but investing in it is investing in a better future. Bottoms Up When it comes to Bitcoin investments, a lot of people may have a wrong idea regarding what to expect. The fact is that Bitcoin still has its...Read More
2019 was marked by numerous events in the crypto industry, some of which could be considered quite significant and major fails. With 2019 being only 6 days away from its conclusion, it might be interesting to take a look back on this year, and see which events related to the crypto industry may stand out....Read More
In 2011, Mike Caldwell created the notorious Casascius physical bitcoin collection, and since then the series of coins has become extremely valuable. Over the last two months, a bunch of people have redeemed their Casascius coins and on December 23 someone peeled a 100 BTC ($723K) Casascius bar. Also Read: Only 375 Days Left for...Read More
Looking back at 2019, it is quite evident how Malta-based cryptocurrency exchange Binance paved its way across various sectors and geographies. With global expansion as one of its major goals this year, the Changpeng Zhao-led exchange focused on other developments as well. Throughout the year, the platform ventured into several other countries in order to...Read More
Bitcoin is looking set to end the year almost double its price at the beginning. The long term trend is still very strong and those gains are likely to continue for the next few years. Bitcoin Up Over 90% YoY Last Christmas, Bitcoin was priced at around $3,800. It had been through a brutal bear...Read More
Ethereum has recently undergone Istanbul Hardfork on Dec 8, 2019. This is just the beginning of a series of hard forks to shift to new PoS. However, in a change of events, Ethereum developers have announced an impromptu hard fork – Muir Glacier. The hard fork is scheduled to occur on Jan 1, 2020, as...Read More
Crypto YouTubers expressed their disappointment after YouTube decided to take down their videos. Popular influencers of the crypto space, utilize YouTube to educate people about cryptocurrencies. YouTube, however, has taken down cryptocurrency-related videos further categorizing them as “harmful content” and some of the YouTubers have been temporarily banned from the platform. Popular YouTuber, Chico Crypto...Read More
Grayscale, an institutional crypto asset management company, recently released a report analyzing XRP’s coin history, protocol, price, transaction speed and more. According to the report, the early developers of the XRP Ledger focused on creating a fast protocol that challenged established financial systems. Grayscale found that Ripple is less decentralized than BTC and ETH, although...Read More
The Supreme Administrative Court of Greece has suspended a decision to extradite the alleged BTC-e operator Alexander Vinnik. The temporary measure has been imposed to allow the review of an appeal against the extradition. The Russian national, accused of laundering billions of dollars through the now defunct cryptocurrency exchange, started a new hunger strike last...Read More
In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators Question 8 Crypto Companies in Shenzhen Police Seize...Read More
Maker Foundation has evidently established its presence in the DeFi ecosystem after it rolled out the Multi-Collateral DAI [MCD] along with Dai Savings Rate [DSR]. The release of MCD was via a voting system and the Foundation is continuing to do the same for every other release or update. In its latest blog post, the...Read More
Looking back at 2019, the cryptocurrency industry witnessed the entry of several mainstream companies into its ecosystem. However, Facebook’s Libra project was the one that garnered the most attention. Even though the buzz around the project seems to have sobered down, it still is a hot topic of discussion. China wasn’t far behind, as the...Read More
2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning. According to data from Google Trends and...Read More
Other than the bullish movement earlier this year, where ETH reached its 2019 high at around $360, the coin spent most of the year under the $220 mark. The recent Ethereum Istanbul upgrade also didn’t do ETH any favors, dropping to a value of $128 at the time of writing. Ethereum 1-day chart Source: ETHUSD on TradingView...Read More
Blockchain Capital Partner, Spencer Bogart, has been talking to Bloomberg about his predictions for Bitcoin in 2020. TL;DR – things will go vertical, and though he isn’t specifically referring to BTC price, that may well follow. The End Of The Horizontal Competition Era Bogart’s most anticipated element of cryptocurrency industry development in 2020 is to see...Read More
The Ethereum network is undergoing upgrade spree; just days before Istanbul, developers of the network revealed Muir Glacier. Named after a receding glacier in the United States, Muir Glacier was put forth to delay Ice Age which is also known as the difficulty bomb. This hard fork would delay the difficulty bomb for another 4...Read More
Every four years, the block reward for Bitcoin miners are cut by half. The previous halving took place in July 2016 and the next halving is expected to take place in May 2020. While the price of Bitcoin has been moving sideways without any major surge or fall, the community believes that the halving could...Read More
After a ~26% rise in value between the 17th and 18th of September, XRP’s 33% crash over the next 6 days shook the community, as the coin saw lows last seen over two years prior. Despite a relatively impressive boost from $0.22 to more than $0.31 over the next month and a half, it’s safe...Read More
We’re almost in another halving year. The third Bitcoin halving is slated to be one of the biggest events since the inception of the cryptocurrency. Scheduled for 14, May 2020, the reduction of the block rewards is expected to lead to a price increase owing to the principles of supply and demand, but on the...Read More
Bitcoin’s daily close yesterday confirmed that there will not be any more upside, at least, nothing above $7,600. Moreover, the indicators that exhibited bullish trends have slowed down; they are on the verge of a reversal. Moreover, the price also got rejected by the centerline of a major descending channel seen on the daily time...Read More
Ethereum co-founder Vitalik Buterin recently posted an alternative proposal for an early transition to Ethereum 2.0 that “achieves the goal of getting rid of the PoW chain and moving everything onto the beacon chain on an accelerated schedule.” According to Buterin, this proposal will require stateless clients, but not stateless miners and web assembly, meaning...Read More
According to recent reports, Uzbekistan has recently decided to ban crypto purchases, even when it comes to licensed crypto exchanges. A few weeks ago, Uzbekistan’s National Agency for Project Management introduced new regulatory amendments. The new regulations came on December 6th, and its consequences are already being felt, as it pulled back the operability capacities...Read More
Cryptocurrency has long been trumpeted and used as a tool to escape the hardships of abusive, inflationary financial regimes. Step forward an audacious plan to economically jailbreak the entire population of Zimbabwe with Dai. A Nation Dai-ing On Its Feet Bitcoin use has soared in Zimbabwe over the past year, as the government has applied...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, December 24th, the XRP stopped falling. It is generally trading around $0.19. On D1, XRP/USD keeps developing a downtrend after the renewal of the previous minimum. The main goal of the current movement is the psychologically important level of $0.1000. Convergence on the MACD signals a...Read More
China is about to broaden the scope of its blockchain pilot in cross-border financing, Reuters reported Tuesday, citing a government official. Besides, China might reform the foreign exchange regulation to deal with cryptocurrency. Gov’t to Adjust Forex Regulation for Cryptos Lu Lei, deputy head of China’s State Administration of Foreign Exchange (SAFE), said at a...Read More
According to recent complaints by a number of people in the crypto community, Youtube has removed a vast number of crypto videos without warning. Youtube Censors Crypto YouTube has been the prime video platform around the world for a decade and a half now, and over the years, it has definitely had a number of...Read More
In order for a crypto asset to be attractive to traders it needs to have liquidity. Without any daily volume there is nothing really to trade and recent findings indicate that 95% of altcoins fall into this category. Dying Altcoins in The Thousands Even with today’s minor dip, bitcoin dominance is still holding above 70%...Read More
