Tron faced resistance from a horizontal level, as well as from a Gann fan line, and was likely to see a rejection at the level of resistance. Ethereum Classic dipped towards $7.5, but can defend it and register a northbound move while IOST was poised to surge past a level of resistance following strong bullish...Read More
“We want to be one of the most crypto-forward and technological cities in the country,” Miami’s Mayor Francis Suarez told Fox Business in a recent interview, with the government official the latest to jump onto the cryptocurrency market’s bandwagon. However, that wasn’t all as Suarez also went on to explain how the city is looking...Read More
Ripple is in the news today after it announced a partnership with Mobile Money, a Malaysian mobile wallet company, to facilitate wallet-to-wallet payments between Malaysia and Bangladesh and serve the remittance corridor between the two countries. Through RippleNet, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS), a company that...Read More
In what is a fairly troubling development, reports have revealed that days before an angry alt-right mob stormed Capitol Hill, many of its activists received payments in Bitcoins. On 8 December, 22 different virtual wallets received a simultaneous transfer of 28.15 Bitcoins, which was worth $500,000 at the time. According to the aforementioned reports, most...Read More
United States Office of the Comptroller of the Currency (OCC) announced on 14 January that the federal agency’s Acting Controller Brian Brooks will step down, and that Blake Paulson will become the new Acting Comptroller of the Currency. The incoming official has been with the agency since 1986 as a bank examiner, who later became...Read More
The price of Litecoin [LTC] was hit hard as the cryptocurrency market fell. The price plunged 27% within three hours from $170 to $124 but managed to recover in the past couple of days. At the time of writing, the coin was trading at $154 and was building higher. This was a trend seen across...Read More
Not long after the President of European Central Bank called Bitcoin a “highly speculative asset” and that it was used to conduct money laundering, Mike Novogratz took to Twitter to criticize the official’s statement about Bitcoin. The Galaxy Digital founder pointed out that over the years, several major banks in Europe had been fined...Read More
Winklevoss twins Cameron and Tyler are thinking about taking their crypto exchange Gemini public. However, the cofounders of the New York-based regulated exchange clarified that they have not finalized the decision of having an initial public offering, yet. President of Gemini, Cameron Winklevoss said in a recent interview that the company would remain open to...Read More
The dropping Bitcoin reserves led to the rally of 2021, breaking the previous ATH and hitting a new high above $41000 level. Bitcoin reserves started dropping in October 2020 and continued well into 2021. When the price crossed $30000, reserves increased to an extent before dropping again. Currently, as the price is above $38000, BTC...Read More
The Chainlink price saw considerable upward momentum until January 10 and has been on a retracement ever since. However, the retracement phase might be over as LINK’s price shows promise of a surge that could push its price by 20% and beyond in the upcoming future. At press time, Chainlink’s price is trading $15.89 and...Read More
Bitcoin has most certainly garnered mainstream attention and this time it is in a good way. More than that, BTC’s adoption has soared through the roof, especially due to the largescale entry of institutional funds. BTC enthusiasts have always used “Bitcoin is better than gold” as a sales pitch but now, institutions have too. Sharing...Read More
Institutional buying that started when Bitcoin’s price was as low as $19000 has continued well into the $40000 level. Institutions like Grayscale have consistently added to their Bitcoin holdings irrespective of the price rally and the subsequent correction. Based on data from the Coinbase chart, there is a possibility that institutional investors have bought $BTC...Read More
Over the past few weeks, the rise of Bitcoin in the charts has overshadowed other developments in the industry. Between 26th November to press time, Bitcoin has grown by 123%. The particular importance of that timeline will be narrated later on as we move on to the topic of stablecoins. According to Coinmetrics, stablecoins have...Read More
The end of 2020 was not pretty for XRP. After the SEC news spread like wild-fire, XRP’s value exhibited a free-fall in the charts. After registering a yearly high of $0.79 on November 24th, within a month on 29th December, XRP dropped to a mere $0.17. The present year has been more kind with XRP...Read More
The Stellar blockchain has been the go-to blockchain for the European real estate group – Vanovia for issuing a €20 million [$24 million] bond. According to the announcement, this three-year bond will be deployed using Stellar blockchain to issue security tokens for the transfer of real estate rights. Vonovia made use of an online marketplace...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice There has been a major drop in the overall value of the cryptocurrency market over the past few days. Binance coin also noted a strong descending value, however, it has also begun to recover...Read More
Prominent cryptocurrency exchange, OKEx has announced extending its real-time settlement feature for two more digital assets-ALGOUSD and ATOMUSD and it is also adding over 20 digital assets for margined perpetual swaps. These include popular projects like Stellar [XLM], yearn.finance [YFI], Tezos [XTTX], and SUSHI among others. These additions will go live from 8:00–9:00 am UTC...Read More
Grayscale Investments’ total assets under management (AUM) are now worth $25 billion in crypto according to the firm’s latest announcement on 13 January: 01/12/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $25.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/0aNNHB1VKb —...Read More
Wallet security exploits have resulted in losses amounting to millions of dollars, which many believe hinders mainstream adoption of Bitcoin and other crypto-assets. Recently, data compiled by Ngrave’s team projected that crypto users’ assets are not as secure as they believe them to be. According to the hardware wallet maker’s ongoing survey on crypto...Read More
With Bitcoin rising up the valuation ladder in 2021, there has been aggressive demand for stablecoins since the first of January. In fact, the collective market cap of all stablecoins, at the time of writing, amounted to ~$33.5 billion, after the supply added $4 billion in the past 12 days alone. Source: Coinmetrics CoinMetrics‘ data...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Tezos, at the time of writing, was trading at $2.40, with XTZ having a market cap of $1.8 billion, making it the 22nd largest cryptocurrency in the world. With XTZ up by 2.1% in...Read More
Bitcoin’s activity on Twitter is edging closer to its 2017 levels, based on data from Arcane Research. In fact, the 7-day average of tweets mentioning Bitcoin is back at its December 2017 high, with the number of Twitter users mentioning Bitcoin already surpassing its old peak, based on data from Arcane Research’s chart on Bitcoin...Read More
Cardano entered a consolidation phase as its price refused to lean in either direction, with ADA taking its guidance from market leaders Bitcoin and Ethereum. SNX showed signs that its bullishness was coming to an end, and a move towards the $13.41-support might be a possibility. ATOM was capped at the resistance around $5.97, but...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice EOS‘s price has suffered a hit like every other altcoin in the market. However, the crash in EOS’s price came as a blessing in disguise since its price was soon back to its crucial...Read More
Ethereum’s losses were sustained at the $1,042-level as the market’s bulls stepped in and eased the selling pressure. At the time of writing, the strong resistance level at $1,139 was restricting ETH’s price, but the momentum could shift if the price manages to topple the upper ceiling. On the contrary, altcoins such as Zcash and...Read More
After crossing the $1,300-mark on the 10th of January 2021 to touch $1,339 on the price charts, Ethereum fell. However, while ETH has since recovered, the said recovery has been slower than anticipated, with the latest correction in Bitcoin’s prices possibly being a reason for the delay. In fact, Ethereum’s correlation with Bitcoin has always...Read More
Digital currency plans across nations seem to be drawing out concerns from a host of commercial banks. As a result, several questions have emerged with regard to a CBDC’s impact on private banking sectors. Recently, Russia’s Association of Banks became the latest network to join the discussion. According to the Association, local member banks weighed...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Zcash, at the time of writing, was in a unique spot in the market. While the rest of the crypto-market was consolidating at a lower range, ZEC managed to rally back to its yearly...Read More
After a stellar two weeks that saw the cryptocurrency hit an ATH of $41,941 on the charts, Bitcoin’s price corrected to fall to the $34,000-level. With Bitcoin valued at $34,606 at the time of writing, it is worth noting that this market cycle during this bull season has largely been a case of two steps...Read More
China’s MicroBT, one of the world’s biggest Bitcoin mining rig manufacturers, is planning to go public in the United States, according to local reports. MicroBT manufactures WhatsMiner and over the past year or so, it has gained a significant market share. In fact, it became the second-largest Bitcoin mining rig manufacturer in China, despite being...Read More
