Bitcoin was trading at $11,333, at the time of writing, While BTC’s short-term movement has been sideways somewhat, its long-term returns have outclassed returns from traditional assets such as the S&P 500 and even the U.S Dollar. Over a shorter timeframe, Bitcoin’s move above $11,200 had a bullish outlook to it, and it is likely...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s long-term market and its impact on the price The Bitcoin market has been surging over the past couple of days and given the strong correlation between Bitcoin and its hard fork, Bitcoin Cash [BCH], the latter has noted a...Read More
Bitcoin surged to $11,498, before it dropped to a local low of $11,235, all within just a few hours. In fact, Bitcoin’s move up saw other crypto-assets in the space climb too, while its brief drop contributed to other assets following its footsteps. Bitcoin SV and Decred have been posting strong gains on their charts recently,...Read More
Popular crypto-exchange Binance shot to prominence within no time, with the exchange today enjoying its status as one of the market’s most trusted exchanges, despite the fact that it is centralized. In fact, Binance has been avidly looking out for demand in the market, following which, it has over the past few months launched an...Read More
With the cryptocurrency recently recording its high for 2020, Monero could be at the beginning of a long-awaited bull market. NANO too was registering strong buying momentum, with the digital asset’s charts noting a bullish rectangle pattern. Finally, Ethereum Classic also continued to record appreciable gains on its charts, rising significantly above a crucial support...Read More
Bitcoin’s value proposition as the go-to store of value asset has resonated fairly well. Alas, the intrinsic qualities that enable it to perform as a store of value on such a decentralized level have acted as a barrier to it taking off as a revolutionary payment system. Over the past week, Bitcoin has seen its...Read More
The recent rise of Litecoin appeared not to have the backing of buyers, with LTC expected to head lower on the charts once more. This was interesting since it came amidst reports that institutional investors could be turning to Bitcoin as a hedge against inflation, with the world’s biggest cryptocurrency moving past $11,200 recently following...Read More
If you haven’t turned a profit in a while, well, you are not alone. In fact, a recent study by Brazil’s University of São Paulo found that of the share market day traders who persisted for more than 300 days, 97% of them lost money. Further, the study found that the top day trader among...Read More
With both Bitcoin and Ethereum noting some much-needed market momentum, altcoins seemed to be on the rise again over the weekend. Synthetix and VeChain were few of them, with the alts on the brink of kicking off another rally, with strong bullishness visible on their charts. EOS, however, fell to the overbought zone and hit...Read More
The altcoin market relies heavily on the price action of the world’s largest cryptocurrency, Bitcoin, and such has been the case over the past few days. Since the start of August, XRP has been confined to a descending channel formation. However, the recent surge in Bitcoin’s price, one that enabled it to break the $11k-price...Read More
Tezos, QTUM, and Polkadot, all registered a brief price correction on the charts over the course of the day’s trading session. Despite such corrections, however, the overall gains were up by almost 2% since yesterday for each of these digital assets. While Tezos and Polkadot were noting some bullish weakness, QTUM signaled a dip in...Read More
Unlike a Bitcoin proponent, Gold bugs never say ‘you should’ve bought the gold dip.’ Have you ever wondered why? The immediate answer would be Bitcoin is volatile, it’s up today, down tomorrow. On some days, it’s down by 50 percent or more, those are days when you should’ve bought the dip. On the other hand,...Read More
South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80.3 billion won ($60.2 million) by the country’s National Tax Service (NTS). Bithumb, for its part, was quick to resist, with the exchange arguing that this charge was baseless on the grounds that the country did not even...Read More
IOTA Co-founder Serguei Popov yesterday released the latest update on IOTA’s recent developments, describing October as a busy month for the team. These developments included the Pollen Testnet Implementation, a development that saw the mana spec implementation come to life with improved base mana functionality like mana calculations and metrics collection, as well as the...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a bullish trajectory yet again, at the time of writing. This, despite the fact that for long, BTC has been accused of being either too volatile or moving too sideways. While the analysis drawn out over the past few months has alternated between derivatives impact, on-chain...Read More
In what is big news for the community, Curve and Matter Labs have announced that they have taken the next big step towards scaling Ethereum – a zkSync L2 smart contracts testnet with Curve Finance as the first resident DApp. Ethereum’s L2 is on 🔥! @the_matter_labs and @CurveFinance teams are excited to unveil the first...Read More
At press time, Ethereum had rocketed from $350 to $374 within 24 hours, in a move that boded well for the rest of the altcoin market. In fact, the general bearish sentiment around altcoins appeared to have swung to welcome a more bullish outlook. Stellar Lumens and NEM showed strong signs of bullishness, while DigiByte...Read More
Xunlei, a $220M-worth Nasdaq-listed cloud computing and blockchain company based in China, is at the center of a controversy after the company announced that its former CEO, Chen Lei, was under police investigation for dereliction of duty and embezzlement. Lai is also accused of misappropriating tens of millions of yuan over the past year in...Read More
Will Ethereum Soar as it happened before? The much-awaited bitcoin rally occurred with the price crossing $11000 and recording $11,384 at the press time with a gain of 4.5 percent in 24 hours. This surge is speculated mainly due to Jack Dorsey announcing Square purchasing Bitcoin and probably also due to the US announcing some...Read More
United States Securities Exchange Commissioner (SEC) Hester Peirce said at a recent summit that the DeFi economy had “real potential” for “revolutionary change” but that it would also challenge the current regulatory structure in several ways. Further detailing about the DeFi economy in the LA Blockchain Summit, Peirce stated that the many “governance tokens” emerging...Read More
A breakout above a crucial resistance level, maybe is witnessed for Ontology soon. A rising valley formation was hinting towards a price rise in the short-term. While for Polkadot the price action during the course of the day has been bullish. For Cosmos, the overall picture remained bearish with an eventual slide to its immediate support...Read More
At the time of writing, Bitcoin, the world’s most dominant cryptocurrency, was consolidating on the charts, with BTC attempting to cross the much-anticipated $11,000-mark again. This will be Bitcoin’s latest attempt after the crypto failed to breach the level last time. At the time, not only did BTC drop on the charts, but so did...Read More
With all eyes on the phased upgrade of Ethereum, the network has further decided to perfect its upcoming Eth 2.0 network. In that regard, Project lead of Ethereum 2.0, Danny Ryan announced a bug bounty program to incentivize Eth community and other bug hunters to find and report vulnerabilities. p.s. there are a few bounties...Read More
Daily charts showed bearish momentum in the market, with some digital assets settling just above key support levels. DASH and Stellar Lumens, ahead of a major downward move, were seen trading at their supports. While Litecoin, still waiting to claim its immediate support, might face an uncertain weekend in terms of its price action. High levels...Read More
Decentralized oracle network Chainlink’s Grant Program is making more than $100,000 worth of blockchain integration grants available to developers that fully integrate the smart contracts platform into new blockchains. So far, Chainlink has accepted the first integration proposal for the DeFi scaling provider Solana network, including its Serum project. The program is an addition to...Read More
80% of institutional investors believe that the recent Coronavirus-led quantitative easing policies adopted by Central Banks and governments could lead to a rise in inflation. In the next five years, most institutions would turn to Bitcoin to hedge against currency devaluation. Based on Evertas’s recent research report on institutional investment in crypto, between now and...Read More
Despite Bitcoin losing significant market share over the past six months, the world’s largest cryptocurrency continues to share a high correlation with the market’s altcoins. The same was evident when many of these altcoins fell on the back of Bitcoin’s own depreciation over the course of 1-2 October, with the likes of IOTA and CRO...Read More
CEO and co-founder of Blockstack, Muneeb Ali published an earnings model in a blog today that outlined how STX holders can estimate potential earnings when Stacks 2.0 launches on mainnet. Ali added that Stacks 2.0 will continue to use the proof-of-transfer (PoX) consensus protocol, currently in use on its testnet version. Moreover, the POX algorithm...Read More
It seems like the market is finally turning a little bullish. Bitcoin pushed its own price above $11k and other altcoins were appearing to push their respective valuations as well. Bitcoin SV has registered 3 consecutive green candles over the past three days, taking its valuation above $165. With the trend reaching a possible breakout...Read More
Most digital assets recorded positive gains on their daily charts today, as the bulls controlled the market. Bitcoin Cash and EOS remained delicately poised just under their resistance levels following a week-long consolidation. DigiByte, on the other hand, having breached its resistance was in for another possible bullish move over the weekend. Bitcoin Cash [BCH]...Read More
