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
Polkadot may soon see its first-ever parachain, with Plasm Network announcing today that it has successfully connected to Polkadot’s testnet Rococo V1 locally. Announced last month, the Rococo-V1 testnet is based on the latest version of the parachain consensus, which is the same code that will run on Polkadot and Kusama. According to Polkadot Co-Founder...Read More
GateHub, a U.K-based hot wallet company that allows users to store and trade cryptocurrencies on its platform, has come out in support of Ripple and XRP amidst the latter’s legal troubles with the United States’ SEC. According to a statement released by the platform, GateHub will continue to list XRP until the SEC’s complaint against...Read More
Most of the cryptocurrency market struggled to register gains on the price charts after Bitcoin fell below the $36,000-mark once again. Following the world’s largest cryptocurrency’s lead, altcoins such as Litecoin, Monero, and DASH flashed red, with the direction of their near-term movement still far from certain. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin, the world’s...Read More
Bitwise Asset Management, a leading provider of crypto-index funds and ETF trends, is in the news today after it published a survey revealing how financial advisors around the United States feel about crypto. In the eyes of many, the survey’s findings validate the contention that cryptocurrencies have gone mainstream. The survey in question found that...Read More
Ever since business intelligence firm, MicroStrategy, invested $425 million of its treasury funds into Bitcoin last year, the company and its CEO have been lauded for supposedly driving mainstream BTC adoption. The onset of the Bitcoin rally allowed MicroStrategy to take advantage of market conditions and increase the value of its BTC holdings. At the...Read More
With Bitcoin trading under the $34,000 mark at press time, analysts at Fundstrat Global shed new light on the asset’s current price movement. According to David Grider at Fundstrat, BTC’s recent lows mean a temporary and healthy correction before prices resume to main market trends. Soon after BTC surged to $40,000, experts in the field...Read More
2020 will be remembered for a host of reasons, with Bitcoin volatility being one of them. After scaling up to its all-time high index during the March 2020 collapse, BTC volatility remained under nominal levels for the rest of the year. On average, Bitcoin’s volatility was lower than the S&P 500 and even Tesla, in...Read More
Chainlink was one of the top performers last year before Bitcoin and Ethereum stole the show in Q4 of 2020. While the altcoin has managed to retain a position above $10 for a majority of the last 6 months, it hasn’t really participated in the market’s price rally over the past few weeks. Interestingly, the...Read More
Germany’s central cybercrime authorities have taken down Internet marketplace DarkMarket and now hold its operator in custody. On 11 January, investigators shut down the marketplace’s servers and seized 20 other servers in Moldova and Ukraine. Officials plan to use the confiscated database from the servers to find the alleged moderators, sellers, and buyers of the...Read More
After making a public announcement about its new Bitcoin investment strategy, UK-based Ruffer Investment’s Chairman today detailed the reason behind the company’s 2.5% allocation of its multi-strategies fund to Bitcoin. According to Chairman Jonathan Ruffer, Bitcoin is an emerging store of value. He based his claim on the firm’s research that assessed “the danger that...Read More
The last seven days have been tumultuous for the market’s leading cryptocurrency, Bitcoin, with BTC climbing to touch a new all-time high of $41,941, before falling to a low of $30,305 just two days later. While the price has since consolidated, with the crypto priced at $35,000, at press time, who were the major profit-takers...Read More
After Bitcoin managed to claw itself back to the $34,000-level, the altcoin market posted slight gains on its charts. Similarly, altcoins such as EOS, NEO, and DOT were flashing green, at press time, as the market’s buyers alleviated some of the losses made over the past 24 hours. However, there was uncertainty in the market...Read More
After a significant period of swing action, Bitcoin, at the time of writing, was finally consolidating near the $35,000-mark. This was a relief for many, especially since in the last 48 hours, the cryptocurrency’s price dropped from $41,000 to a lower range of $32,000. While some investors feared the worst, further drawdowns were not seen...Read More
After the dust settled on the broader market after yesterday’s bloodbath on the price charts, altcoins such as Tezos, Ethereum Classic, and YFI gave mixed signals as buyers and sellers contested for market control. A definitive change in market leaders BTC and ETH’s movements could dictate the near-term future of the aforementioned altcoins over the...Read More
Whether Bitcoin is heading up or crashing face-first in the market, the community is always curious about its short-term future. This was the case as after having dropped down to approx. $32,000 on the price charts, Bitcoin managed to recover a position near $36,000, at press time. While turbulence is the word of the day...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice XRP‘s price has been on a downtrend since the SEC’s lawsuit announcement. However, while all the price development was undone in mere weeks, if not days, when observing the cryptocurrency’s price movement, XRP seemed to...Read More
Cardano Founder Charles Hoskinson’s updates have been crucial to the development of the ecosystem over the past year. So is the case this time too, with IOHK’s CEO giving the community some important updates during his latest AMA. During the same, Hoskinson revealed that the Mary hard fork is coming in February, with the same...Read More
Bitcoin has seen unprecedented growth over the last 365 days. And yet, what must not be forgotten here is that the Bitcoin community that was formed during the 2018 bear cycle is very different from the one during the pre-2017 rally. Investors today are well-informed, financially literate enough to understand what they are getting into,...Read More
Popular crypto-exchange Bakkt recently announced its plans to go public via a SPAC (Special Purpose Acquisition Company), with an initial valuation of over $2 billion. This deal would make Bakkt the first-ever publicly traded crypto-company, a development that would be an important milestone for the industry. With the Coinbase IPO soon to follow, many analysts...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Ethereum‘s price, at press time, seemed bullish following the 16% surge over the last 11 hours. The aforementioned bullish surge might be at the end of its rope, however, and hence, a reversal was...Read More
Singapore-based digital asset exchange Zipmex is in the news today after it closed a $6 million funding round led by United States-based venture capital firm Jump Capital. According to a press release shared with AMBCrypto, the total amount raised reportedly exceeded the initial target of $4 million. The development was welcomed and celebrated by the...Read More
After Bitcoin, the world’s largest cryptocurrency, stabilized above the $36,000-mark, the broader altcoin market managed to cut its losses after yesterday’s fall. Altcoins like Bitcoin Cash and DigiByte were looking to rise on the charts as the buyers sought control of the market, while on the other hand, BAT was well on its way to...Read More
With COVID-19’s latest mutant strain filling hospital beds all around the world, it’s not surprising that people are anxious to get vaccinated. However, the administration of vaccines isn’t something that will happen overnight, especially since only a few candidates have been approved yet. It’s no wonder then that quite a few people are getting desperate....Read More
Ethereum’s Vitalik Buterin revealed his thoughts on solving the problem of crypto-wallet security. Undoubtedly, the crypto economy is in need of better security for wallets. Many exchanges now keep a lower percentage of funds in less secure hot wallets, the Chainalysis team found. To date, wallet security exploits have resulted in losses amounting to millions...Read More
Longhash revealed that Bitcoin price predictions for “the end of 2020” were more accurate than where crypto influencers said the asset’s price would be at the beginning of 2020. The new study was based on media reports, which included predictions from 17 prominent figures from the crypto economy. These people specifically predicted prices at the...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice A dropping Bitcoin market has caused the value of the remaining cryptos to also witness a tremendous fall. The privacy-centric coin, Monero had already run into trouble with the exchange’s delisting it due to...Read More
Global Chief Investment Officer of financial services company Guggenheim Partners, Scott Minerd, stated that amid Bitcoin’s parabolic rise that saw new ATHs of over $40k, the asset was “unsustainable in the near term.” He claimed that the digital asset’s price was “vulnerable to a setback”. He added: “The target technical upside of $35,000 has been...Read More
After Bitcoin fell on the charts, the broader altcoin market moved in tandem with the king coin and slumped into the red territory. However, BNB signaled a potential pullback towards $41.7, while IOTA’s and VET’s fall halted at their current support levels. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin’s fall along with the broader...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The impact of the falling market has been felt in the Litecoin [LTC] market as well. Even though the LTC market was consolidating, the falling price has broken the sideways momentum. The digital asset...Read More
