Bitcoin’s market dominance was on display over the past 10 days after the larger crypto-market rallied on the back of BTC’s performance on the price charts. Thanks to the high correlation most of the market’s alts share with BTC, the former, by and large, pumped. Despite some degree of corrections setting in, at the time...Read More
2020 is drawing to a close and is leaving us with another important milestone. On 16th December, Bitcoin reached a new all-time high in the charts, registering a valuation above $20,000. At press time, it was as high at $23,200 but surprisingly certain attributes of Bitcoin failed to register many distinctive changes. While the price...Read More
Binance has announced support for Binance Vietnamese Dong [BVND], a BEP2 stablecoin pegged to the Vietnamese Dong [VND]. BVND will be available for direct purchase and redemption at a 1BVND = 1 VND rate. The announcement added: “Binance will list Binance VND (BVND) and open trading for BUSD/BVND and USDT/BVND trading pairs at 2020/12/18 12:00...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The performance of Binance Coin has been impressive for its investors as it was returning around 97% year-to-date. Along with the value of Bitcoin reaching new highs, BNB has been witnessing a sharp rise...Read More
Ripple’s Chief Technology Officer [CTO], David Schwartz had announced an upgrade to the XRP Ledger [XRPL] back in November. Schwartz has now shared the first results of the major performance optimization of the ledger. Calling the results “incredibly encouraging” Ripple’s CTO spoke about combining different performance optimizations proposed by various software engineers. The CTO added...Read More
Cryptocurrency exchange Bitfinex announced the launch of a new product offering on its P2P lending platform, Bitfinex Borrow, according to a press release shared with AMBCrypto. Bitfinex Borrow will now offer Bitcoin (BTC) and Ethereum (ETH) personal loans, which will enable users to obtain loans in BTC and ETH. Borrowers can use US Dollars (USD),...Read More
Tornado.Cash announced the launch of a new governance proposal wherein users will gain governance rights through the TORN Token. The Torn token is an ERC-20 compatible token with a fixed supply that governs Tornado.Cash. TORN holders can make proposals and vote to change the protocol via governance. However, the protocol stated that TORN is not...Read More
Link’s 679% YTD return overshadows both Atom and BAT’s meager returns of 28% and 20% respectively. This is despite Link’s surge to $20 per coin and then a massive collapse to $7.2. Chainlink [LINK] Source: LINKUSD TradingView Chainlink seems to be surging alongside bitcoin at the moment. The coin has seen a 13% hike in...Read More
Altcoins, including Polkadot, seem to be doing well and the reason for this is bitcoin’s new ATH. While at the moment DOT’s price may be benefiting from bitcoin’s surge, however, if bitcoin crashes, DOT’s dip may be more serious than that of BTC. Hence, it is advised to take profits and not try to catch...Read More
Bitcoin and gold share similarities but also vary significantly from each other. While bitcoin has been the go-to asset for millennial investors, institutions too, see bitcoin as a very promising asset. Interestingly, the rivalry between supporters of bitcoin and gold is a longstanding one, and while there are people who support both investment firms like...Read More
The whole crypto market is currently painted in green by recording gains depending upon its own capacity. Bitcoin price is currently very close to breaking its all-time high above $19,800 any moment from now. The other top 10 assets like Ethereum, Litecoin, Bitcoin Cash, Polkadot, etc also flowed with the Bitcoin bull rally. Surprisingly, Ripple’s...Read More
Cardano seems to have broken out of its consolidation as its price slipped down. However, with the coin trading at $0.1514 at press time the recovery was as swift as the downtrend. With only a 6.7% surge in the past week, ADA is still the ninth-largest crypto based on market cap. While the recent surge...Read More
Binance has announced the addition of Euro [EUR] as an option to use as cross collateral in the Futures wallet. The asset will be available from 15 December at 07:00 AM [UTC]. This meant that the users will be able to collateralize EUR to borrow against another crypto asset. The borrowed funds can be used...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Binance Coin, at the time of writing, was registering a minor spike after re-discovering its position above $29, following a dip below $26. On the back of an uptrend, BNB surged over the course...Read More
On December 14th, Injective Protocol, a first layer-2 decentralized exchange protocol announced its partnership with Binance Smart Chain. According to the official blog post, the main aim of the collaboration is to accelerate derivatives adoption on the BSC ecosystem. The platform plans to launch new derivative products on BSC. Initially, it will build a bridge...Read More
Bitcoin’s price has dropped by over 6% in the past seven days. The crypto-asset, at the time of writing, was trading at $18,368, falling fallen to as low as $17,800 before recovering. However, BTC’s press time price was still well below the $19,000-level from earlier in the week. So, where is Bitcoin headed? Is the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market’s rally has been halted in its tracks, and most altcoins along with Bitcoin have been registering a significant drop in prices lately. Ethereum, the world’s second-largest cryptocurrency, has also been seeing...Read More
eToro, popular Israeli social trading and multi-asset brokerage company, is the latest addition to the Israeli Unicorn club. eToro acquired this new classification of a “unicorn” after its valuation surged past $2.5 billion. According to reports, it had reported a valuation of $800 million during its last funding round back in 2018. According to a...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin SV’s surge above the $200-resistance level was long-awaited, but it was extremely brief when it actually happened. The crypto-asset dropped below $200 within 24-hours and since then, Bitcoin SV has re-visited its common...Read More
Today, the 11th of December, marked the first day of China’s latest DCEP trial in Suzhou after results of the lottery were announced earlier in the day. The day saw 200 million RMB ($30.6 million) of the digital yuan distributed to 100,000 people in digital red envelopes. These “winners” have been asked to spend the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice It has been the same old story for EOS. After registering a high of $4.01 on 24 November, it has been a period of consistent decline for the crypto-asset. The cryptocurrency’s valuation at press...Read More
2020 has been an incredible year for many firms trying to incorporate Bitcoin into their larger financial systems. Grayscale took the leap first, in the minds of many, with Coinshares and Bitwise making noise as well. These Crypto-Index Funds are regulated and their main focus has been the market’s institutional investors. For context, Grayscale currently...Read More
XRP holders will see an airdrop of 45 billion Spark tokens on 12 December. Any owner of XRP tokens will receive the token in a 1:1 ratio, which by extension means that there could be 100 billion Spark tokens created. This will be carried out by the Flare Network, an airdrop backed by Ripple’s investment...Read More
The demand for Chainlink’s price feed has been rising by the day, with the same receiving new endorsements from more and more participants in the crypto-ecosystem. Prosper is the latest one, with the protocol announcing the completion of its mainnet integration with Chainlink’s Oracle network. Prosper is a decentralized short-term prediction market and hedging platform...Read More
While DeFi has been the most popular buzzword of the year, it is a space that is fraught with risks. In fact, a recent report by BraveNewCoin outlined a series of 18 serious non-financial risks for DeFi, a report addressing the inherent risks that a user may be exposed to when diving into this ecosystem....Read More
Despite a somewhat tumultuous year for the crypto-market amidst the COVID-19 pandemic, the market made a strong recovery. In fact, 2020 also saw significantly positive regulatory initiatives in the United States, when compared to the previous two years. The same was recently noted by Carla Carriveau, Chief Legal Officer at CoinList, after she said, “The...Read More
After hitting a high of $19,918 on 1 December, Bitcoin has completely stagnated to consolidate between the ranges of $18k and $20k. Yesterday, a low of $17,610 was registered, but a quick bounce back above $18,000 was soon recorded on the charts. With respect to its price, CME’s derivatives market is now going through a...Read More
When MicroStrategy and Michael Saylor invested close to $425 million in Bitcoin back in August-September 2020, the sole purpose was to preserve its cash reserves’ purchasing power by converting it to Bitcoin. While the benefits were initially highly incremental for the company, MicroStrategy seems to be raising its game now. MSTR’s growing capital in Bitcoin...Read More
Popular crypto-platform Circle is in the news after it announced the launch of a major platform upgrade. At the core of Circle’s latest platform upgrade will be a new digital currency native treasury account infrastructure – Digital Dollar Accounts. This upgrade will allow users to store value natively in digital currencies while maintaining compatibility with...Read More
2020’s week 50 is upon us right now, with Week 49 being rather quiet for Bitcoin from a price perspective. Between 2 December and 8 December, Bitcoin’s price movement was restricted between $19,800 and $18,400. While the movement on the 8th remained the most significant, the cryptocurrency’s price did remain above $18,800 for the 6...Read More
