At press time, Bitcoin Cash was slightly down compared to the previous day by close to a percent, coinciding with weakening buying pressure in the digital asset. The Bitcoin cash market could thus be expected to record losses for a few more trading sessions until the bulls manage to solidify the buying momentum. Further down...Read More
Despite its 10% gain over the day and being a top-performing asset, the bull market in DASH was likely to turn around soon, as key technical indicators hinted towards a price correction. Binance Coin noted some bearishness on the charts, while also maintaining the possibility of a positive price reversal. Tezos, on the other hand,...Read More
“Ethereum 2.0 phase 0 to be launched at the end of 2019. . . .January 2020. . . .July 2020. . .September 2020. . .November 2020?” The digital asset class has created a very unique community over the years. While a person would rarely hear another one promoting investments in Gold, Silver, or whatnot, proponents...Read More
Crypto.com Coin was already in a strong wave of selling pressure before Bitcoin’s recent break toward $12,000 further pulled capital out of the altcoin market. At press time the king coin was trading at $11,766 with a 24-hour trading volume of $132.6 billion. Source: CoinStats FTX Token faced a critical resistance it has been unable...Read More
Investing can be a daunting task, be it a newbie or an experienced investor. This involves selecting different assets that gel well with each other and return a good profit. An extension of investing is creating and maintaining portfolios. What makes a portfolio? Creating a portfolio is the opposite of putting all your eggs in...Read More
Bitcoin was trading at $11,899 at press time, and Bitcoin Dominance was rising alongside. This generally spells trouble for the altcoin market. Bitcoin SV dropped beneath a range it was trading within for the past couple of weeks, and Compound continued to tumble. BitTorrent appeared to be making some gains but fell beneath trendline support....Read More
German politician Burkhard Balz who is a member of the German central bank’s executive board said in a speech today that the decision to launch the digital currency was politically motivated. The official’s stance on the digital currency contradicts the European Central Bank’s intentions to launch a CBDC. In recent events, plans to launch digital...Read More
Sadyr Japarov, Acting President of the central Asian nation Kyrgyzstan, offered the nation’s election commission to use blockchain technology to streamline elections in the country. In an interview with Al-Jazeera, Japarov believed that only blockchain tech would make way for “fair” presidential and parliamentary elections. Until recently, the newly appointed President and Prime Minister was...Read More
By this point in 2020, Bitcoin’s investment thesis needs no retelling. But for the uninitiated, here’s a quick summary. With central banks printing money like there’s no tomorrow, and riling up liquidity, any asset which has value, is limited and can be used as currency, benefits. Case in point, Bitcoin. Since the beginning of the...Read More
The crypto space is currently having a good time, with major cryptos pumping with a decent gain margin. Most of the coins surged but many also faced a plunge also. In this piece of writing, the cryptos are listed which are among the top gainers for the day. XRP XRP, which is also a preferred...Read More
The world’s largest altcoin Ethereum was once again moving up and was priced around the $375 mark. Ethereum could soon move towards a more neutral to bullish phase soon. Stellar Lumens also maintained bullishness while Dogecoin although on an uptrend for the day, was more likely to continue with its price consolidation.Ethereum [ETH] Source: ETH/USD...Read More
The mid-term trend for XRP ended on a disappointing note as the valuation was unable to consolidate above the resistance at $0.254. With the price facing a little depreciation over the past week, the asset is currently sustaining a position above the support at $0.244. At press time, XRP had a market cap of $11.09...Read More
Bitcoin broke convincingly past $11,500 to touch $11,800 as it continued to set higher lows. Unfortunately for the altcoin markets, Bitcoin Dominance was on the rise as well. It stood at 60.73 at press time, and indicated that capital in the crypto sphere was flowing into BTC to follow any further gains the king could...Read More
In what is said to be a targeted attack at cryptocurrency users, hackers have exploited the Signaling System 7 (SS7) which is a set of protocols used to perform telephone calls and text messages, to obtain cryptocurrency via this attack. A report stated that in September this year, hackers attacked 20 users of an Israel based...Read More
Bitcoin, Gold, and the S&P500 have collectively shared the center stage when it comes to market movement in 2020. While the crypto-asset has periodically taken sides, at the moment, Bitcoin is more correlated with the traditional stock market. Source: Skew Source: Skew When comparing recent Skew charts of Bitcoin’s relationship with Gold and the S&P...Read More
Much BTC vs fiat fun was had after self-claimed Bitcoin pioneer and podcaster, Max Keiser, took to Twitter to make another impassioned case for Bitcoin to gold advocate Peter Schiff, chairman of Schiffgold. Keiser claimed that crypto karma had gotten the better of Schiff for “trash talking” about Bitcoin. The BTC evangelist said that had...Read More
Ben Edington, a developer associated with ETH 2.0 at Consensys, recently updated the community about a few “breaking changes,” with respect to the series running on the Medalla testnet. Reportedly, a few configuration parameters have been changed. A previously noted pain point was the genesis delay. This has now been changed to one week, meaning...Read More
Amid talks of forking Filecoin because of miner unrest, Juan Benet, the entrepreneur behind the decentralized storage network, dismissed the claims and said their storage network was “just fine.” In a tweet, Benet called the miner strike “nonsense” and that there has been no “power loss” as such on the network. Benet said in a...Read More
Ethereum 2.0 is still in the works after many delays. And yet, it is still receiving a lot of praise from the likes of CFTC Chairman Heath Tarbert. While the ETH community is stoked about this, others have critiqued ETH’s timeline to deliver ETH 2.0. At press time, there were many ETH competitors, but none...Read More
Bitcoin climbed well past $11,500, before a minor drop pulled its press time trading price to $11,504. Its strong defense of the $11,200-level and its subsequent rise to $11,500 could lend bullish impetus to the altcoin market in the coming days. As for the altcoins, Cardano moved above a short-term moving average as its momentum...Read More
Bitcoin was trading above the price level of $11400, at press time, with BTC having successfully negotiated a stay above $11k for most of the previous week. In fact, despite several notable developments recently, the cryptocurrency recorded a 5% hike over a 3-week period. This is interesting because, until 2020, the prevailing perception was that...Read More
Capitulation, more popularly known as the death spiral, is usually thought of to arrive when investors surrender, and HODLers give up all future hope in an asset and sell. A discussion about capitulation is relevant right now because institutions like MicroStrategy and Square are buying and there may be a point when they flood exchanges...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Between 13 August and 24 September, Tezos registered a 58 percent sell-off, with the cryptocurrency dropping all the way down to $1.91. While the decline was certainly not pleasurable for many of XTZ’s investors,...Read More
Cardano dropped down to $0.0753 in the 3rd week of September. While its valuation seemed down and out, the cryptocurrency soon rallied and made its way into the top-10 of the market again. Climbing from a low of $0.0753, ADA was noting a value of $0.106, at press time, having been on a positive run...Read More
In what is a significant development, Jerome Powell, Chair of the U.S Federal Reserve, today revealed that the Fed is looking into the benefits of digital currencies. The Fed Chair was speaking at a seminar organized by the International Monetary Fund (IMF) titled “Cross-Border Payments – A Vision for the Future,” a seminar that involved...Read More
Chainlink‘s charts highlighted two important levels that could determine its long-term movement, while on the shorter timeframe, the crypto-asset lacked any momentum. Cosmos‘ buyers showed some interest, but it was unclear if it would be enough to propel ATOM higher. Decred has been volatile lately, but its movement underlined the possibility of gains over the...Read More
The Crypto Fear and Greed Index was noting a figure of 55, at the time of writing, the same reading as the previous day. Monero was retracing recent gains made, but it did show some signs of heading north. Further, while Ontology formed a bearish pattern on the charts, DigiByte looked to be resolutely heading...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice With new IEOs and DeFi products being launched continuously, Binance Chain and Binance coin have both been doing well. The token has evolved from being just another ERC20 token on ETH to a coin with...Read More
Stellar Lumens was approaching its resistance level and appeared to possess the bullish momentum needed to flip the level to support. Further down the crypto-ladder, Basic Attention Token attempted to break out to the upside, but was denied by the market’s bears. Enjin, on the other hand, was heading towards a period of low volatility....Read More
24 hours after the launch of Filecoin, a majority of its miners have gone on strike. The main reason for the same is that miners actually have to buy $FIL, in order to mine $FIL, as it currently stands. To begin with, Filecoin is very complex and requires high-end hardware including 128GB memory. In fact,...Read More
