Bearishness after a shift from the upward rallies of last week was the highlight of the trading charts at press time. Bitcoin SV and Maker after facing rejection at important resistance levels, managed to display a recovery, but strong selling pressures persisted for the two alts. The bear market for DASH, however, they might still...Read More
At the time of writing while bearishness on the charts from the morning lows was visible, price recovery attempts towards the second half had also started. The bearish sentiment in EOS quickly turned into a strong price recovery move, with EOS bulls regaining control of the short-term market. Algorand’s recovery still not as strong, but...Read More
Crypto Fear and Greed Index dropped from 75 to 61 as Bitcoin was quite volatile the previous day, going as high as $13,250 and dropping to as low as $12,785. This could have spooked some traders and shifted sentiment from euphoria to a little less ecstatic. Binance Coin posted strong gains. IOTA exhibited a bearish...Read More
Director of US Security and Exchange Commission’s Division of Corporation Finance, William (Bill) Hinman has decided to leave SEC later this year, according to the agency’s notice published today. After joining SEC in 2017, Hinman has so far led SEC’s early work with digital assets, initial coin offering (ICO), and contributed to providing evaluations whether...Read More
A pullback from the red zone for Crytpto.com Coin (CRO) and Tezos suggested that a strong reversal cannot be ruled out for the two alts, as they attempted to retrace gains from the previous week. While technical indicators for the Tezos and CRO market underlined bullish sentiments, a strong descent to the downside was visible...Read More
With the latest updates, of Digital Yuan’s testing and launch, and the US Presidential elections coming closer, retail traders’ attention is now on Bitcoin. In the previous price rallies, the trend was that Bitcoin led the altcoins, and ETH, XRP, and other altcoins from the top 10, based on market capitalization, followed closely. However, this...Read More
News of PayPal entering the crypto space was greeted with joy, but cynics were quick to point out that the Bitcoin Network might ultimately lose value if large chunks of BTC were concentrated in the hands of a few entities, although this could be unlikely to occur. At press time, Bitcoin held $13,000 despite a...Read More
INX Limited has today announced that it will acquire the Chicago-based Openfinance Securities, a broker-dealer that recently launched a digital securities trading platform. Subject to regulatory approvals, and other conditions, INX said it would acquire Openfinance’s business as well which includes its systems, digital asset listings, client base, and licenses, according to a release shared...Read More
A spike in selling pressure followed by a sudden price recovery was witnessed in the Cardano market, as volatility levels remained quite high. Monero was seen rising on its trading charts with the digital asset maintaining a bullish stance for the short-term period. Zcash dropping back to its support level, at press time continued to...Read More
Digital currency Asset Manager Grayscale Investments’ latest ‘Bitcoin Investor Study’ found in its survey that more than half (55%) of its US-based respondents are interested in investing in bitcoin in 2020 and that nearly half of those surveyed predicted that digital currencies were heading for mainstream adoption by the end of this decade. In fact,...Read More
In the prequel to this article we tried building a simple Bitcoin buying strategy, and in this post, we attempt to scale it further. But before that, let’s recap. Our strategy entailed only buying Bitcoin based on one trigger, the 200-day moving average (DMA). If the daily trading price crossed over the 200 DMA, we’d...Read More
Retail network of BTC ATMs, LibertyX will now allow consumers to sell bitcoin for cash from thousands of their local ATMs in the U.S., it announced. In the past six years, LibertyX said it has allowed users to buy bitcoin at 5,000 ATMs and 20,000 chain store locations in the U.S. LibertyX CEO and co-founder...Read More
From dissing Bitcoin, to launching its own cryptocurrency in the form of JPM coin, JPMorgan has been an example of Institutional acceptance of crypto. Now, after more than a year since the launch of its JPM coin, the crypto is live and used by a major transactional tech firm for cross-border payment. The blockchain and...Read More
Central Bank Digital Currencies may take months to materialize in the US, the European Union, or Japan, however, the People’s Bank of China is eager to gain a first-mover advantage here. On Friday, as a part of the fast track digitization of the Yuan, the PBOC published draft legislation to turn the digital Yuan into...Read More
The wave of crypto adoption has been forming and DBS Bank, Singapore’s largest bank has decided to participate in it. On 27 October the bank announced the launch of its “DBS Digital Exchange”, which now appears to have been deleted. However, this announcement was captured by many through screenshots and has been circulated far and...Read More
Although Cardano made its way into the top-10 assets yet again, competition from Bitcoin SV remains active and ADA itself continued to exhibit extreme uncertainty. Without a clear direction in the charts, ADA is struggling to manifest a clear trend in the industry. With a market cap of $3.22 billion, ADA’s value depleted by 2.07...Read More
XRP was forming a bullish triangle and could breakout to the upside but there was a notable lack of buying volume in recent days. Tron attempted to break out but bears stood firm, and at press time the bears were in control of the market. BAT was forming a series of lower highs as it...Read More
Economist Nouriel Roubini has criticized online payments giant PayPal Holdings Inc for allowing its customers to buy, sell and hold BTC and other altcoins, from next year onwards. In a tweet published on Monday Roubini shared an article titled how PayPal has brought “crypto gambling,” to customers in the U.S. – which is “bad” for...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Ethereum has been the most-relied upon smart contracts platform since ‘smart contracts’ became a thing. Despite ICOs raising billions and many projects promising the world, none of them have come close to competing with...Read More
Following Bitcoin’s price rally, all eyes are now on Ethereum. The altcoin is only second to Bitcoin in its market capitalization and it has been in the spotlight for a long time this year owing to developments around ETH 2.0. The latest edition of the Bad Crypto Podcast discussed the “Building of a Better Ethereum”...Read More
Toyota Systems, a wholly-owned IT subsidiary of Toyota Motor Corporation announced today that it is experimenting with a digital currency solution as part of a new pilot project with DeCurret, a Japanese cryptocurrency exchange. This new project involves automating payments with its private digital currency to its 2,500 staff at Toyota Systems. The payments made...Read More
Bitcoin Cash, while it shared some of the positive sentiment around Bitcoin, could be set to retest a support level, before moving north on the charts once more. Further down the crypto-ladder, IOTA formed a bullish pattern, but failed to break out upwards and it could be set to register losses over the next days. Finally,...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice While Bitcoin rallied above $13,000 once again, at press time, a few other altcoins were also making a dash for their immediate resistance levels. 10th-ranked Bitcoin SV’s price rose by 12.46 percent over the...Read More
CEO of crypto payments firm Ripple, Brad Garlinghouse today said that his firm did not plan on following major crypto exchange Coinbase’s new change of policies that does not allow political distractions at work. Coinbase’s new policy, which received much attention, required its employees to avoid getting distracted by political and social issues, and instead...Read More
With Bitcoin rallying and staying above the $13000-mark for a few days now, on its way towards a new ATH, the trade volume on spot exchanges has dropped dramatically. While the said volume was high when the price breached $13000 for the first time, since then, the figures for the same have dropped consistently. BTC...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice Tezos has struggled to relive itself from the vice grip of the market’s bears, and bullish periods for the token have been few and far between since the 2nd week of August. With a market...Read More
Ripple partner Terrapay has announced its intention to strengthen its entry in North America with an approved FINTRAC Canada MSB License. This is big news, especially for a sector that is seeing blockchain technology revolutionize itself, especially since as per the World Bank’s data for 2018, the outward remittance value from Canada was as high...Read More
DeFi protocol RAI Finance is in the news after it announced that it raised $1.5 million worth of strategic investment led by global crypto-funds including GBIC and Alphabit. RAI Finance aims to build a DeFi ecosystem with a higher amount of liquidity and a diverse set of financial use cases through an integration with the...Read More
Tron rose above a descending trendline on its charts, but it would need to register further gains before the bulls can wrest control of the market from the bears. Cosmos was retracing its recent gains and appeared to be headed towards the $5-level once more. Finally, Crypto.com Coin could not find significant buyers after registering...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin has taken long strides in the industry over the past year, not just as an exchange token, but in many ways. The most recent one was its entry into DeFi, which, since...Read More
