American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals such as gold and silver, had a “bright future.” He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in...Read More
Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC. UK Asset Manager Replaces Gold With BTC The...Read More
American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals such as gold and silver, had a “bright future.” He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in...Read More
XRPL Labs’ account, after coming under scrutiny, has been banned by Twitter. The founder of the XRPL Labs, Wietse Wind brought to attention the silence maintained by Twitter over the issue, despite raising multiple tickets on the matter. On 15 December, Wind took to Twitter and noted: “@TwitterSupport How about some decency for once? Reply...Read More
Cardano seems to have broken out of its consolidation as its price slipped down. However, with the coin trading at $0.1514 at press time the recovery was as swift as the downtrend. With only a 6.7% surge in the past week, ADA is still the ninth-largest crypto based on market cap. While the recent surge...Read More
Approximately a month before leaving the White House, President Donald Trump is reportedly considering pardoning Silk Road founder Ross Ulbricht, who’s serving a double life sentence plus 40 years. This happens as the “free Ross” campaign has picked up steam, with many new people signing the online petition to release him from prison. Trump To...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Like the overall crypto market, Bitcoin Cash’s price has also been dropping. The market has been in a consolidation phase for some time now and has been witnessing spurts of growth. However, on its...Read More
Monero showed bullish sentiment in the market over the past few weeks but also exhibited a bearish divergence that could see the price dip slightly. Cardano lacked buying volume in the market as it stayed afloat above the $0.15 level of support. Basic Attention Token retraced some of its losses but was unable to test...Read More
Polkadot refused to dip beneath $4.6 and appeared to be on another attempt at recovery as it sailed past $5. Aave could reach the $100 mark in the coming days as it saw a steady wave of buying but was trading within a bearish reversal pattern. Dogecoin was consolidating above a level of support. Source:...Read More
Since its local bottom at the end of September, Chainlink has done well to recover alongside the collective market. Its growth hasn’t been explosive but it has managed to attain momentum above key resistance from the past. A recent pullback was witnessed at the end of November, but the asset seems prime to retake another...Read More
In an effort to reinforce its foothold in the cryptocurrency industry, Japanese financial behemoth SBI Holdings, through its subsidiary SBI Financial Services, has acquired UK-based crypto trading company B2C2 for an undisclosed sum. The development comes six months after SBI signed a strategic partnership with the firm. According to reports at the time, SBI purchased...Read More
When Gold’s price drops, does Bitcoin have something to do with it? Gold’s price dropped by over 1.5% today while Bitcoin was down by over 2%. Over the previous week, Gold’s price dropped by 0.69%, while Bitcoin’s price was down by 0.84%. While things are different over longer periods, both these assets are different. From...Read More
Ethereum dropped from $580 to $540 and recovered over the past week, but it still faced significant resistance from the $600 region and showed waning bullish momentum as it sat atop a level of support. EOS formed a bullish reversal pattern, but its breakout was unconvincing and it could be headed back to a level...Read More
This article isn’t going to be one that talks about bitcoin’s deflationary model, its store of value, and how it is an uncorrelated asset that acts as a hedge in case of a crash in the traditional market. The article also doesn’t talk about bitcoin’s superior returns as compared to the long-standing assets in the...Read More
Bitcoin SV was bearish in the market and could be headed down to $150 in the coming days. Tezos confirmed a bullish reversal, but the $2.24 resistance was too strong for the bulls to overcome. IOTA could be set to tread water in the vicinity of $0.29 in a period of consolidation. Bitcoin SV [BSV]...Read More
PornHub’s premium membership is supported through multiple cryptocurrencies like Bitcoin [BTC], Bitcoin Cash [BCH], Dash, Etheruem [ETH], Ethereum Classic [ETC], Litecoin [LTC], Nem [XEM], Tether [USDT], Tron [TRX], Verge [XVG], Waves [WAVES], and Zcash [ZEC]. It has now also added Monero [XMR], to this list of cryptos further expanding its crypto adoption. Although cryptocurrencies were...Read More
The cryptocurrency world has been used to regulators coming down hard on the crypto businesses, especially in China. However, according to a recent update, Hong Kong regulators have given its first SFC-License to OSL. According to the official announcement from the parent company of OSL, BC Technology group: “OSL, Asia’s leading digital asset platform and...Read More
The long wait for the victims of the Mt. Gox hack might find respite in the coming days as the trustee has finally submitted the draft rehabilitation plan. According to an official announcement, Nobuaki Kobayashi has filed a draft rehabilitation plan to compensate users who fell victim to hacks suffered by the exchange. As per...Read More
Mt. Gox users fallen victim to an infamous hack in 2014 are closer to receive reimbursement as the debunked exchange’s trustee finally filed a draft rehabilitation plan. The Tokyo District Court and an examiner will now review the proposal and determine the following steps. CryptoPotato reported in October that the Tokyo District Court had issued...Read More
Binance has announced the addition of Euro [EUR] as an option to use as cross collateral in the Futures wallet. The asset will be available from 15 December at 07:00 AM [UTC]. This meant that the users will be able to collateralize EUR to borrow against another crypto asset. The borrowed funds can be used...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 Bitcoin market has witnessed a sell-off at the time of writing. The largest cryptocurrency fell from $19,491 to $19,134. This also resulted in the falling price of altcoins like Litecoin. This sudden fall...Read More
Bitcoin Cash was on its way to test the $288 level of resistance. Dash lacked momentum as it approached a crucial level at the $100 mark, and Ethereum Classic formed a bearish reversal pattern that could see the price drop back toward support. Bitcoin Cash ]BCH] Source: BCH/USDT on TradingView Over the past 24 hours, BCH...Read More
Ernst & Young LLP (EY) and Microsoft have extended the latter’s blockchain service for gaming rights and royalties management to offer a financial system of record ranging from contract productions to settlements and reconciliations. More Functionalities For Gaming Partners The expanded blockchain functions will allow Microsoft’s Xbox video gaming partners and its network of content...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Ethereum‘s price has been stagnating over the past few weeks, despite Bitcoin-inflicted drops. In fact, ETH’s price was stuck at $586 as it tried to reclaim its price before the said drops. When the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice For most of 2020, Bitcoin SV’s price movement has been contained within the resistance level of $235 and the support level at $150. While the trend has appeared both bullish and bearish, the latest...Read More
Bitcoin Cash and Crypto.com Coin could be set to trade within a range over the next few days as they lacked any momentum in the short-term. However, while Bitcoin Cash noted a balance between the market’s buyers and sellers with respect to the volume bought or sold, NEM saw a breakout to the upside and...Read More
For many, DeFi was the hot property of 2020, thanks to the growth it recorded over the course of the year. In fact, while at the beginning of 2020 the TVL was a “mere” $675 million, the figure had risen to just under $15 billion, at the time of writing. Source: DeFi Pulse It is,...Read More
Bitcoin’s consolidation phase continues to take place at a higher trading range, with the price climbing back above $19,000 again. In fact, every time BTC has gone down below the $19k-mark, bearish concerns have resurfaced across the industry. Source: Coinstats This is the reason why the price re-discovering its position above $19k again is a...Read More
JP Morgan’s take on Bitcoin turned 360 degrees in 2020. This was understandable, however, as it wasn’t just Bitcoin’s price rally that caught the eye of institutional investors and banks, but it’s decoupling with gold too. According to one of the world’s biggest banking institutions JP Morgan Chase & Co., the rise of cryptocurrencies in...Read More
The personal address of Hugh Karp, the founder of the Ethereum-based insurance provider Nexus Mutual, has been drained for over $8 million worth of the NXM token by an already registered user. Despite the attack, Nexus Mutual has reassured that the customers’ funds are safe. Nexus Mutual Founder Drained For $8M In NXM The popular...Read More
