Bitcoin’s rally has taken some interesting turns this market cycle. In fact, despite a minor correction to the $45000-level, there is a lot of bullish sentiment among traders. This can be attributed to institutional demand and the anticipation of further demand since Twitter has expressed an interest in buying Bitcoin off its balance sheet, post-Tesla’s...Read More
According to Thailand’s Finance Minister Arkhom Termpittayapaisith, retail investors’ “excessive speculation” in cryptocurrencies may destabilize Thailand’s capital markets. During a capital markets conference on Thursday, Arkhom told attendees that local retail investors in Thailand have been shifting their savings into cryptocurrencies in order to receive “higher returns.” In fact, reports from the country’s Securities and...Read More
Seoul’s Central District Court has ruled that South Korean crypto-exchange Bithumb is liable to compensate victims of Bithumb’s withdrawal incident back in November 2018. In the said incident, several users lost their Bitcoins when attempting to transfer their funds to another wallet or exchange. At the time, six Bithumb users, including lead plaintiff Lee Mo,...Read More
“I see the promise of these new technologies, but I also see the reality: Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism.” These were the latest remarks from Janet Yellen, with the Treasury Secretary warning against the “explosion of risk” that has come with...Read More
Bitcoin does not have a plausible claim to be the money of the future, according to the Deputy Governor of Canada’s Central Bank. During a recent speech in Montreal, Deputy Governor Timothy Lane remained skeptical about cryptocurrencies even in an increasingly digital economy, calling them “deeply flawed as methods of payment.” On the contrary, Lane...Read More
Musk Says ‘HODL’ Dogecoin! Dogecoin price had a spectacular rally in the past week which entered the asset in the top 10 cryptocurrency ranking list. The interesting part was the spike was not influenced by interpreted CEO of Dogecoin and CEO of Tesla Motors, Elon Musk. However, after the massive surge, Musk marked the jump...Read More
Binance, arguably the world’s biggest crypto-exchange, is down again, with many in the community reporting that they are unable to access the exchange’s platforms and trading services. The same was confirmed by CEO Changpeng Zhao, with CZ tweeting, Disk issue with one cluster. Will be fixed shortly. Thank you for your understanding. 🙏🙏🙏 Should not...Read More
Hackers took control of a Belgian Minister’s Twitter account on the night of 10 February; however, the fact that the account’s name was changed to ‘Ethereum Foundation’ seemed to have made news in the crypto space. The account belongs to Tinne Van der Straeten who is Belgium’s Federal Minister for Energy. The incident occurred just...Read More
In a new addition to its perpetual contracts, Bitfinex made news today with the launch of its new contracts for cryptocurrencies paired with Bitcoin such as Litecoin/Bitcoin (LTCF0:BTCF0) and Polkadot/Bitcoin (DOTF0:BTCF0). According to the Bitfinex website, transactions in the perpetual contract and funding payments will be settled exclusively using Bitcoin, as it is typically done...Read More
Binance Coin has been on its most significant bull rally to date since the turn of February 2021. From a base price of ~$43, BNB, at the time of writing, was priced at $126. In fact, for a brief while, BNB was up by 241%, even clocking in a high of $149.76. In the past...Read More
Bitcoin’s value has doubled since 2017. In fact, according to many, it was only a matter of time before this happened, with each of the crypto’s fundamental metrics improving as well. Of late, however, its initial objective of processing payments seems to be noting higher efficiency too. According to blockchain.com, the Bitcoin network’s payments efficiency...Read More
European Union Agency for Law Enforcement Cooperation, better known as Europol arrested a criminal gang who hacked more than $100 million in cryptocurrencies by illegally gaining access to the phones of famous people. The criminals are believed to have hijacked phone numbers through ‘SIM swapping’ which allowed them to gain access to the victims’ mobile...Read More
In a recent interview with CNBC Squawk Box Michael Sonnenshein, CEO at Grayscale Investments addressed Tesla’s recent Bitcoin investment that fuelled a fresh BTC rally. According to Sonnenshein, institutional investors seem to recognize that they don’t need to invest in Bitcoin “all at once.” So you’re seeing corporations think about anywhere from, on the low...Read More
EOS, at press time, had risen to its highest point in nearly a year, but flashed bearish signals on the charts too. AAVE broke above its ascending triangle and awaited confirmation over the next few trading sessions. Finally, Uniswap seemed to be trading at record levels, with the RSI pointing towards a saturated market. EOS...Read More
After recording yet another ATH on the charts, one well beyond $1,800, Ethereum currently has its eyes set on the $2,000-mark. While quite a few of its on-chain metrics are flashing positive signs, other noticeable concerns are creeping up as well. The culprit here, according to many, is a familiar foe (fee*). Source: Coinstats Ethereum...Read More
At the time of writing, XRP was projected to maintain its ascension as buying activity picked up on the charts. On the other hand, Algorand moved lower after a bearish marubozu candlestick formed on its 4-hour chart. Finally, Zcash was tipped to flip the $125.6-resistance on the back of strong bullish signals. XRP Source: XRP/USD,...Read More
The effects of Elon Musk’s tweets and Twitter bio update have been felt throughout the Bitcoin community, with the crypto’s price responding to the same in the last 72 hours. In fact, in a 24-hour period alone, Bitcoin’s price hiked by over 18 percent, a hike fueled by Musk’s tweets and institutional demand. In response...Read More
SingularityNET, a decentralized platform for AI apps, is in the news today after its most significant democratic vote came to an end, with CEO Dr. Ben Goertzel announcing the results on YouTube. The aforementioned vote took place after a phase two proposal was put forth to the AGI token holding community to determine a number...Read More
Binance, arguably the world’s biggest crypto-exchange, has often made headlines for the host of regular developments in its ecosystem. It is in the news again today after the exchange announced that it has launched staking services for two more tokens, Cardano [ADA] and Cosmos [ATOM]. #Binance Staking Launches $ADA @Cardano and $ATOM @cosmos Staking with...Read More
While Ethereum Futures are making noise on the CME, Bitcoin Options have been rather quiet. This is interesting, especially since Bitcoin hit a new ATH after crossing $48,000 for the first time in its history, Elon Musk decided to watch what he says about Bitcoin, and Tesla bought $1.5 billion worth of Bitcoin. Additionally, Open...Read More
A cybercrime group working on behalf of the North Korean government is now believed to have orchestrated the largest cryptocurrency hack of 2020, according to a report by Chainalysis. The KuCoin hack of 2020 saw $275 million worth of crypto stolen from the exchange after hackers obtained access to the private keys of the exchange’s...Read More
Monero rose north of the 200-SMA on the price charts and projected a bullish trend, but stronger cues were needed to support a move above its most recent local high. IOTA and DCR flashed bearish signals at the time of writing, with both expected to move lower towards their respective support levels in the short-term....Read More
Bradley Sostack, the lead plaintiff in a class-action lawsuit by investors against Ripple, has now moved to demand all of Ripple’s email communications with the SEC concerning XRP. The motion filed by the lead plaintiff’s counsel, if granted, will compel Ripple to produce “improperly withheld email communications and document retention policies.” The lawsuit, which was...Read More
Litecoin was not too far away from the $200-level, with LTC projected to surge above that mark over the next few trading sessions. Further down the crypto-ladder, Synthetix and VeChain underlined the strength in the broader market as the altcoins traded at record levels, at press time. However, there were chances of a bearish pullback...Read More
A Wisconsin resident has been charged for allegedly using a dark web site to plan a murder that required payment in Bitcoin. Local reports found that the resident in question is a 37-year-old woman named Kelly Harper from Columbus, with authorities having charged her in the Western District of Wisconsin. Federal law enforcement alleged that...Read More
Yearn.Finance team has opened a Maker vault with native tokens YFI from the treasury. The team said on 9 February on Twitter that Yearn has also minted 9.7 million DAI tokens from the vault, thus restoring the yDAI vault and allowing the DeFi project to repay victims. In the wake of Yearn.finance’s recent hack, project...Read More
The narrative has been very similar for the market’s top-two digital assets over the past couple of months. Relishing the scale of bullish momentum in the market, Bitcoin investors turned up the buying pressure over the last 24-hours after Tesla announced its 7.7% capital reserve investment. In fact, just a few hours later, Bitcoin climbed...Read More
Yesterday’s events were a milestone for the larger crypto-industry, with Tesla emerging to become the first Fortune 500 company to announce its successful purchase of Bitcoins. What’s more, Tesla’s $1.5 billion allocation in Bitcoin fueled an instant spike in demand, sending the price of the market’s leading cryptocurrency to a new all-time high of $48,025....Read More
Cardano seemed poised for a correction on the price charts, at press time, with its indicators flashing red signals moving forward. NEO was on track to rise above the $30-mark on the back of a bullish broader market. Finally, DOGE’s indicators pointed to a reversal, but uncertainty clouded its future direction. Cardano [ADA] Source: ADA/USD,...Read More
U.S President Joe Biden’s administration is looking forward to fast-track its coronavirus relief plan with a third round of stimulus checks worth $1,400 for each U.S citizen. If the proposed plan is executed, it will be a $1.9 trillion bill, over and above the previous stimulus plans already in play. While these relief checks are...Read More
