Major blockchain engineering company IOHK announced that it will sponsor the newly-created Haskell Foundation, which is dedicated to broadening adoption of the Haskell programming language. IOHK said it would donate $125,000 to the foundation which was launched at the Haskell eXchange virtual conference on 4 November. With this move, IOHK will be Haskell Foundation’s largest...Read More
The Crypto Fear and Greed Index actually showed a rise from 71 to 74 on the previous day as the US Presidential Election continued to progress with a winner not yet officially announced. Markets hate uncertainty, yet the bullish sentiment appeared stronger. On the charts, Chainlink continued to trend lower as it nestled above a...Read More
On 4 November 17:00 UTC, bitcoin crossed resistance at $14,100. Bitcoin has ranged between $13,545 and $14,223 in the last 24 hours, marking a new high for the year. Image Source: Trading View BTC was expected to face severe volatility since the US Presidential elections began, however, its price has been stable and is testing...Read More
Decentralized oracle platform Razor Network has raised a total of $3.7 million in a seed and private sales round which was led by investors in the blockchain space, such as NGC Ventures, Alameda Research, and Spark Digital Capital among others. The firm’s private sale round saw investors including Mariano Conti, former head of oracles at...Read More
Bitcoin Dominance was at 64.75, after briefly spiking as high as 64.95 the previous day. The altcoin market saw crypto-assets slide downward more. Bitcoin Cash continued to post losses as it headed down toward a level of support, and bears were in control of the BCH markets. IOTA and Dogecoin were trading above a level...Read More
Chinese financial services corporation, China UnionPay, which is similar to major card providers like Visa and Mastercard, has announced a partnership with South Korean payment provider Danal to launch a cryptocurrency-supporting digital card. Danal will offer its Paycoin cryptocurrency as an option on the new prepaid mobile card which will be accessible via Danal’s cryptocurrency wallet....Read More
With all eyes on the phased upgrade of Ethereum, the Foundation released an update today that the Ethereum 2.0 Phase 0 has now been set for an official launch at some time around 1 December this year. The update went on to state that the deposit contract was now live and can collect funds to...Read More
While volatility is prevalent for all altcoins at the moment, Cardano is currently dealing with the bearish side of the market, re-testing its monthly support of $0.089 in the charts. While the valuation managed to pull itself back up at press time, the level of uncertainty continues to rise as we are looking forward to...Read More
Yesterday bitcoin observed the second largest negative difficulty adjustment [-16.05%] of all time. The most recent one was after the bitcoin halving when difficulty dopped by -14.56%. There is one interesting connection between these negative adjustments and it will affect not just the miners but also traders. This article talks about what that is and...Read More
While Bitcoin is currently rallying towards a position above $14,000, the rest of the altcoins are struggling to find their bullish groove. Source: CoinStats With most altcoin depreciating over the past 24-hours, the market structure for Crypto.com Coin, Tezos, and Algorand was no different. Facing strong resistance right above their price range, the short-term analysis...Read More
Bitcoin reached as high as $14,049 in the past 24 hours and was trading at $13,807 at press time. Bitcoin’s hold above $13,700 could inspire confidence and perhaps even FOMO among investors in the coming days, especially if the coin moves past $14,000 with strength. This bullish sentiment did not extend to most other large-cap...Read More
The growth of Ethereum has been experiencing a slow down compared to its journey in the first half of the year. As the crypto market deals with a much volatile period right now, ETH’s value has trended lower since the end of October and was currently at $382.10. However, the Ethereum community was met with...Read More
Ethereum avoided a drop beneath $370 over the past week, and its charts highlighted two critical, imminent zones of support and resistance that could decide the direction of the market in the coming weeks. Filecoin was in a phase of consolidation just above support, while Ontology continued its downtrend. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
To date, blockchain technology has found its use in small scale elections in the US, but the Associated Press (AP) news agency’s current use of blockchain to publish the US presidential election results, makes this the first time the technology is being used for a much larger election. So far, AP has been publishing the...Read More
What’s Going on With YFI Price !! The past week had been very volatile for the whole crypto space as Bitcoin was on its way to touch $14000. It seems that the other cryptos and DeFi tokens have scrambled but some DeFi tokens like YFI Price are on the verge to touch the rock bottom...Read More
Despite trading above $13000, Bitcoin is not over-leveraged. The overall positioning mix is largely the same as July 2020. This comes as a surprise, as the price has gained 20% in this duration and the sentiment was anticipated to change based on Markets Science’s latest report. The sentiment is similar to July based on the...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. The votes are being counted and with every wick forming in the stock market, a future is being forecasted. For now, the crypto market has been experiencing a minimal drop,...Read More
Bitcoin closed a trading session above $14,000 but was unable to hold on to the level. However, this was still quite a recovery from yesterday’s dip as low as $13,200. XRP and EOS faced strong bearish momentum and could drop to a level of support, while Basic Attention Token appeared likely to lack momentum toward...Read More
Business intelligence firm MicroStrategy which had earlier invested $425 million of its treasury funds into bitcoin, in August and September, was lauded for supposedly driving mainstream BTC adoption at that time. However in an interview today macroeconomist and co-founder & CEO of Real Vision, Raoul Pal said that MicroStrategy was not going to drive corporate...Read More
United Nations Office on Drugs and Crime (UNODC), advisor wants countries like Kenya to adopt blockchain technology which would then make it easier for the nation to trace government corruption and other economic crimes. UNODC’s regional anti-corruption advisor, David Robinson, believed that online trust was necessary while building confidence in governments and preventing fraud and...Read More
The bears seemed to have had a significant impact on the prices of altcoins today. Barring Bitcoin, most of the entire crypto market was once again painted in red. Bitcoin at press time was being traded at $13,491 with a 24-hour trading volume of $298 billion. Source: CoinStats Both Bitcoin SV (BSV) and FTX Token...Read More
Binance Coin saw rapid losses in the past few days, undoing most of last month’s gains. There is a likelihood it would post further losses in the coming days. Monero was trending lower in the short-term, yet an important level of support was not yet subject to intense scrutiny by the bears. Dash was trading...Read More
With the spooky month coming to an ending, the spookiest thing you can expect is Ethereum outperforming bitcoin. Well, Ethereum outperforming bitcoin isn’t spooky per se, but there are other aspects to this that suggest otherwise. Outperformance here is comprised of solid price data and then the sentiment around each coin. Bitcoin v. Ethereum Price...Read More
Both Polkadot and Tezos exhibited a bullish divergence after their recent moves beneath important levels of support. It remained to be seen whether this divergence would cause a bounce or manage to effect a reversal in trend over the next few days. Zcash also rapidly lost levels of support in the past few days. Polkadot...Read More
Cardano continued to record losses as it fell below crucial support levels. While Filecoin remained neutral after it recorded low volatility on its charts. Further, Ethereum Classic too was seen entering a bearish setup, with its technical indicators also depicting strong sell sentiment on the trading charts. Cardano [ADA] Source: ADA/USD on TradingView At the...Read More
David Roche, the President and global strategist at Independent Strategy, a research group that advises governments, and influential financial institutions believes that the Chinese yuan has “a long way” in being able to achieve the US dollar’s status as a reserve currency. The financial executive believed that even if China’s central bank digital currency, the...Read More
Andre Cronje has gained a lot of attention for his work with yearn.finance [YFI], but with the Eminence fiasco, the stock value took a hit. However, the newly launched KP3R token has once again caused much excitement and could be a refreshing take on existing DeFi tokens. Keeping up with its expanding DeFi list, Binance...Read More
Glassnode’s report points out that the bitcoin network’s health and liquidity have both reduced since last week, however, the sentiment remains the same. This is an interesting development that is one-sided, ie., only happens during price ascent. Let’s address why this is the case with the sentiment in this article. Sentiment Source: Glassnode Sentiment is...Read More
The Bitcoin market has been leading the altcoins trend for the longest time, but currently, some alts have been at a deciding junction. Litecoin [LTC] was one such alts at an indecisive position. The current price of LTC was at $52.67 and it can be an interesting point for both short-position and long-position. Litecoin 1-hour...Read More
With some minor price adjustments to the downside seen in Bitcoin over the last 48 hours, the alt market was once again painted in red. However, the technical indicators for Bitcoin while showing little price recovery progress, maintained mixed signals on volatility and price action. While the short-term trend for Tron and Compound continued to remain...Read More
