With Bitcoin continuing its impressive rally on the price charts, investors all around the world are participating in trading the digital asset. On the back of the world’s largest cryptocurrency recording a new ATH beyond $35,000, this is likely to be the case in the near-term as well. Europe is no exception to this rule,...Read More
It’s not a great time if you’re a Republican, but it’s even worse if you’re a Trumpian Republican. And, it would seem that the former Bakkt exec Kelly Loeffler is finding that out in the hardest way possible. At the time of writing, Loeffler was projected to have lost her seat to Democrat Raphael Warnock...Read More
Bitcoin’s price seems to be showing no signs of stopping any time soon. After having breached one resistance level after another over the past few weeks, Bitcoin today breached another, the $35,000-mark, attaining yet another ATH in the process. Bitcoin’s latest price surge came on the back of an 8.9% surge over 12 hours. It...Read More
A few of the market’s altcoins like Polkadot and FTX Token rose to record levels over the last few trading sessions, while Bitcoin Cash was registering a correction, one that saw the price move towards the $415-mark. Bitcoin Cash [BCH] Source: BCH/USD, TradingView A look at Bitcoin Cash’s 4-hour chart showed that the cryptocurrency was...Read More
The circulating supply of Bitcoin, at press time, was 18,591,375 ~ 18.6 million. That is close to 88.6% of the total supply. Now, even though each token is worth close to $31k, understanding the state of liquidity gives a better perspective of its value. According to Glassnode’s latest report, illiquidity is on a rise in...Read More
Justin Sun, Founder and CEO of TRON, recently took to Twitter to dispel rumors that Tron was in the middle of extensive regulatory scrutiny in the United States and China. According to Sun, neither the TRON Foundation nor BitTorrent has received any notice of regulatory proceedings from any regulatory agency, with the exec adding, “We...Read More
Some of the market’s altcoins like Monero and Dash failed to recoup their losses after Bittrex’s delisting announcement last week. However, XMR and DASH weren’t the only ones as Ethereum Classic too projected a southbound move as the market bears sought control of the prices. Monero [XMR] Source: XMR/USD, TradingView Monero seemed to be reeling...Read More
Grayscale Investments has removed XRP from its diversified public crypto fund — Grayscale Digital Large Cap Fund (DLC). The move could be yet another fallout from the current enforcement action by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Nixes XRP, Reallocates Liquidated Position According to an announcement, Grayscale revealed that it removed...Read More
After Bitcoin retraced some of its gains over the last 24 hours, altcoins like BAT and Zcash followed suit and suspended their own northbound movement, entering a consolidation phase on the price charts. Finally, Litecoin was projected to move slightly lower on the charts too. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin picked up steadily on...Read More
How the times have changed. And apparently, so has The Financial Times. Consider this – A recent edition of the mainstream paper had Bitcoin take precedence and dominate the front page. The headline read, “High flyer: Bitcoin value tops $30,000.” Now, while the article does sound catchy and pretty, one must remember that FT wasn’t always...Read More
Popular crypto-exchange FTX is in the news today after it listed $GBTC, $ETHE, and $BITW Spot and Futures. These are tokenized versions of Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Bitwise Index (BITW). The listing of these particular tokenized spot positions on FTX represents the first time a centralized exchange has carried out...Read More
BitFarms, a publicly-listed Bitcoin mining operation in Canada, has raised funds amounting to CAD $20 million from U.S-based institutional investors in its latest investment round. According to a press release shared with AMB Crypto, the company entered into subscription agreements with certain institutional investors via a private placement comprised of 8,888,889 common shares, along with...Read More
Bitcoin’s price has gone on an impressive run in the last few weeks, accelerating at a parabolic rate. Despite the most recent correction, the asset is still trading somewhat solidly above the $30,000 mark, charting an impressive increase of 310% since the same time last year. Yet, Warren Buffett’s longtime partner, Charlie Munger, is still...Read More
Popular American VC firm Andreessen Horowitz, more commonly known as a16z, is in the news today after it filed a response urging FinCEN to withdraw its proposed rule or at the very least, extend the comment period attached to it. The comment period should be extended so that FinCEN “can engage in a meaningful consultation...Read More
Two more companies that could be affected by the recently proposed FinCEN crypto regulations, namely Square and Andreessen Horowitz, have confronted the legislation. Both believe that the industry requires clear rules but asserted that FinCEN has failed in its rushed attempt. Square Goes After The FinCEN Crypto Regulations CryptoPotato reported recently that the US Treasury’s...Read More
On the back of consistent price surges over the last week, it seemed that Bitcoin, Ethereum, and the rest of the market were finally registering some corrections on the charts. However, that wasn’t to last as the larger crypto-market hiked after the U.S Treasury’s Office of the Comptroller of the Currency (OCC) issued an interpretive...Read More
Strategists at the leading U.S. bank have been crunching the numbers and comparing Bitcoin to traditional store of value assets such as gold. Led by Nikolaos Panigirtzoglou, the analysts suggested that Bitcoin’s current market capitalization of around $580 billion would have to rise by 4.6 times to create a theoretical price of $146,000. This would...Read More
The U.S. Office of the Comptroller of the Currency (OCC) has published more crypto-friendly guidelines allowing greater participation by regulated financial institutions in the industry. US Banks Can Now Use Stablecoins and Blockchains for Settlement In a press release issued on Monday (Jan. 4, 2020), the OCC revealed its decision to allow Federally chartered banks...Read More
The crypto trading giant has set a new all-time high in 24-trading volume, exceeding $80 billion on both the spot and derivatives platforms. In total, more than $180 billion has been traded across the entire crypto market in the last 24 hours as of press time. Binance Trading Volume Records New ATH Tweeting on Monday...Read More
Bitcoin‘s price correction is finally here, and altcoins could soon be in hot water. The past 24 hours have been shaky for the world’s largest cryptocurrency, with its price retracing by over 8% since hitting the $34,000 mark. Although the corrections were yet to sink in for the larger crypto-market, some altcoins had already started...Read More
Bitcoin has been registering new highs on the price charts this year, despite the crypto seeing a period of mild correction. Unlike the 2017 rally, the 2020-2021 rally has been associated with institutional interest. Many prominent institutions have shown trust in the asset value of Bitcoin and included it in their company portfolios. These include...Read More
The larger crypto-market is off to a strong start in 2021, backed by market leaders Bitcoin and Ethereum. In fact, in the past seven days alone, the top-10 coins by market cap have risen by between 13.8% and 74.84%, highlighting the bullish start to the New Year. However, with investors preparing to lock in their...Read More
Cardano has been working on developing and expanding its ecosystem for a long time now, with the community focusing on bridging the gaps between the market’s altcoins. In fact, the Cardano and Litecoin foundations have for long been rumored to be discussing probable cross-chain collaboration. According to a recent update by Cardano’s Charles Hoskinson, preliminary...Read More
Coinsbee offers the ability to purchase digital gift cards, mobile recharges, game credits, and vouchers for prepaid credit cards worldwide, using cryptocurrencies. They accept nearly 50 different cryptocurrencies such as crowd favorites BTC, ETH, LTC, and USDT among many others. The user interface supports six languages, primarily European, with the exception of Chinese. It offers...Read More
While the year 2020 has been an impressive year for most of the cryptocurrency market, it has been especially so for Chainlink. Its native cryptocurrency LINK managed to return 536% to its investors in 2020. Although LINK’s market did witness a dump in price soon after, at the time of writing, it was awaiting correction...Read More
Swing failure patterns appeared to be in play on the charts, with much of the altcoin market highly volatile in the hours before press time. While Chainlink touched $15.7 and dived south, Aave’s breakout of a range saw a nasty reversal as well. Finally, DigiByte registered a bearish divergence as well. Chainlink [LINK] Source: LINK/USD...Read More
For Bitcoin, the days that followed Christmas 2020 have been extraordinary. Since 26 December, Bitcoin has shot up by 40.74% on the price charts. One can argue that the cryptocurrency brushing past the psychological resistance levels at $25k, $30k, and climbing as high as $34.8k is a testament to the strength in Bitcoin’s bull rally....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum surged from $715 to $1,169 in a span of three days. However, the $1,168 high was momentary and the price was soon forced to retrace as Ether formed a swing failure pattern. ETH...Read More
Bitcoin Cash and Polkadot were extremely bullish on the charts as they climbed past levels of resistance with ease. Bitcoin Cash surged on the back of Bitcoin and Ethereum’s performances and it looked likely to rise past the $460-level. Polkadot doubled in value over the past week and could climb as high as $11.5 in...Read More
The price of Bitcoin, the world’s largest cryptocurrency, registered a new all-time high of $34,800 on 3 January 2021. However, thanks to the exponential nature of BTC’s hike, corrections were inevitable. On 4 January, as the crypto was consolidating above $32k, it witnessed a sudden dump, with the value of the cryptocurrency plummeting from $33,374...Read More
