Chainlink and Tezos broke out of a descending channel more than a week ago but were unable to sustain the bullish momentum. Tezos even failed to achieve its breakout target as bears steadily drove prices lower, and had the upper hand at the time of writing. Dogecoin saw a strong surge a few days back...Read More
In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family. 100 BTC for The Son of A Crypto Investor An eight-year-old boy...Read More
Wirex, the prominent payments platform based in London, has received a Visa principal membership in Europe. As per the announcement, the membership will allow Wirex to issue Visa cards, offer new innovative products, and apply for additional licenses. This announcement comes in a bullish market wherein Bitcoin has been registering new highs. This has also...Read More
Polkadot bounced off the $4.8 support to reach $5 but bears still appear to have the upper hand in the short-term. EOS was set to retrace all its recent gains due to heavy selling over the past couple of days. VeChain broke to the downside of an ascending triangle pattern and could post further losses...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The crypto market has been noting gradual drops after a period of consolidation. This was particularly visible in the altcoin market and such was the case for Litecoin’s price action. The coin’s price has...Read More
Huobi Group has found its way back into the United States. The Hong-Kong-based company announced that it acquired a trust license from the Nevada Financial Institutions Division for its wholly-owned subsidiary Huobi Trust Company. As per the filing with the Hong Kong Stock Exchange by Huobi Technology Holding Limited: “The board (the “Board”) of directors...Read More
The previous day’s Bitcoin drop affected the altcoin market significantly. Bitcoin Cash posted losses of nearly 15%, but bulls had some hope, as long as the price remained above $300. Tron was likely to climb a little higher up the charts to test a level of resistance before another move downward. Cosmos was trading at...Read More
Following the impressive list of institutional investors who have put their funds into bitcoin in 2020, it appears that more big names are showing interest in the number one crypto asset, after a global investments firm filed with the U.S. SEC to launch a bitcoin fund for accredited investors. According to an SEC document on...Read More
Ripple’s CEO Brad Garlinghouse announced that the company is being sued by the Securities and Exchange Commission [SEC] and highlighted that this step taken by the SEC was an “attack of crypto”. Unsurprisingly, the SEC’s lawsuit is based on the fact that Ripple is selling unregistered securities and is yet to be announced. A step back...Read More
CoinDCX, India’s largest cryptocurrency exchange, has raised Rs 100 crores ($13.9 million) from investors to complete the exchange’s third round of seed funding for the year 2020. The Series B round was led by Block.one and included investors such as DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures, and Alex Pack. Back...Read More
Tether’s market capitalization has mushroomed from $2 billion in February 2019 to $20 billion, at the time of writing. What went behind this 10x growth varies across a host of factors, namely, the increase in OI and trade volume in Bitcoin and the rise of DeFi. It is a story within which several other stories...Read More
Bitcoin had dropped from $23,980 to $22,900, at the time of writing, with BTC wicking as low as $22,400. On the other hand, XRP was unable to rise past the $0.6-region and faced pressure from sellers, pressure that could see XRP revisit $0.5 once more. IOTA plunged under two of its short-term moving averages, but...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice EOS, at the time of writing, was the 14th largest cryptocurrency in terms of market cap. It was once the most valuable ICO and an Ethereum competitor, however, with the way things have been,...Read More
With Tether’s dropping reserves having an impact on Bitcoin’s price, Coinbase-backed stablecoin USDC’s steadily climbing reserves may do the same. According to USDC’s hourly mean inflow charts, the inflows have increased in steps on the exchange, based on data from CryptoQuant. This is directly linked to further price movement in Bitcoin as whales and institutions...Read More
Binance Coin climbed to a local high of $35.69 and it could be set to retrace some of its gains on the charts. Augur registered a massive spike to the upside a few days back, one that was pushed down, and subsequently, it was forced to retrace some gains before initiating another move upwards. Verge...Read More
While Bitcoin is surging like there’s no tomorrow, altcoins are doing nothing but bleed. Going by the popular adage “Buy when there’s blood on the streets,” let’s look for an investment opportunity in altcoins since they have been dropping since Bitcoin started its rally. For the purpose of the same, let’s determine if the market’s...Read More
When Elon Musk was breaking Crypto-Twitter with his Bitcoin memes, most retail traders were waiting for this banter to take Bitcoin’s price discovery to the next level. While this did not happen, when observed closely, it can be seen that this interesting Twitter thread is more than just friendly banter between the two billionaires, Saylor...Read More
DeFi protocol Curve Finance, a decentralized exchange liquidity pool on Ethereum, is in the news today after it announced the introduction of an $ETH/$SETH pool on the platform. Finally we have a $ETH / $SETH pool! Ethereum is so good that you only may want to swap it to Ethereum.https://t.co/2fuCc9biNx pic.twitter.com/poj3NtDLmt — Curve Finance (@CurveFinance)...Read More
Chainlink registered short-term bearishness and was headed towards its level of support at $12.65 once more. Ontology bounced off the $0.54-level of support while Decred was trading in a region where a break to either direction could decide the direction of the next move for the crypto-asset. Chainlink [LINK] Source: LINK/USD on TradingView LINK broke...Read More
Following news of the partnership with Wolfram Alpha, Cardano Founder Charles Hoskinson has revealed that Cardano will be giving developers the freedom to choose and customize their own Oracle solutions soon. The Oracle Access Layer will offer a rich oracle query experience, according to Hoskinson, and it will allow developers to choose from several sources...Read More
Litecoin shot upwards and sailed past the $100-level of resistance while Waves faced strong selling pressure and ceded a level of support to the market’s bears after it lost nearly 18% of its value within a span of five days. Finally, FTX Token exhibited a bearish divergence on the charts and it could see a...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice With Bitcoin SV, the trend has been neither bullish nor bearish over the past few weeks. Whenever the market has rallied higher, its range limits have been $200-$220, while a decline would allow the...Read More
Analysts from the US multinational investment bank JPMorgan Chase & Co have doubled-down on their belief that institutional inflows towards bitcoin are crucial for the asset’s price. They warned that if their purchases decline, the cryptocurrency could head towards a violent correction. JPMorgan Confirms: Institutions Are Key For Bitcoin While most financial assets have suffered...Read More
Bitcoin’s dominance continued to rise and stood at 67.13%, at the time of writing. While some large-cap altcoins stagnated, others surged on the charts. Bitcoin Cash posted strong gains over the past few days and some consolidation around $374 could be seen too. Cosmos bounced off the $5-level and was likely to bump into the...Read More
A database from hardware wallet company Ledger was leaked earlier today. The leaked data, which consists of over 270,000 physical addresses and phone numbers along with a million email addresses, was made publicly available on hacker website Raidforms. According to reports, the data in question was stolen during a hack of Ledger’s e-commerce database back...Read More
MicroStrategy broke the silence when it invested in Bitcoin. It changed how institutions viewed Bitcoin from an investment perspective. From skeptics criticizing [critiquing] Michael Saylor and MicroStrategy’s investment decision to the very same people dipping their toes in Bitcoin investments, things have changed for the better in the last quarter. However, was MicroStrategy’s decision good?...Read More
Bitcoin’s latest bull run has made history, with the cryptocurrency’s price touching never-before-seen levels day after day. In fact, the past 24-hours alone saw BTC surge to breach the $24,000-mark on some crypto-exchanges. Following Bitcoin’s rally, a new all-time high (ATH) for Total Value Locked (TVL) in DeFi was also marked, with the same going...Read More
Bitcoin’s price movements are critical to Bitcoin’s adoption and price trend, especially since many new traders are just entering the market on spot exchanges. While seasoned traders may be looking for a place to park funds, make trades, and identify the right exchange that facilitates such a trade, their trade decisions are based on key metrics...Read More
Tron dipped as far south as $0.027 two weeks ago, but it has recovered since after posting steady gains as the market’s bulls reclaimed the important $0.03-level from the market’s bears. Aave faced a ceiling around the $94-mark and VeChain formed an ascending triangle pattern that could see a bullish breakout. Tron [TRX] Source: TRX/USDT...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Litecoin supporters still value it, which is the only reason it is still around. Apart from being considered as the silver to Bitcoin’s gold and having cheaper, faster transactions, it doesn’t seem to be...Read More
