Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Ethereum’s short-term market and its impact on the price The altcoin market has entered a consolidation phase after marching side by side with Bitcoin. Ethereum, the second-largest cryptocurrency has also been following a similar path as the price of the digital...Read More
The United States Securities and Exchange Commission [SEC] has been coming down hard on crypto exchanges when it comes to compliance. BitMEX is still trying to deal with a double lawsuit by the US prosecutors. However, SEC has now approved Grayscale’s Ethereum Trust [ETHE] as the first public quoted ETH investment product in the United...Read More
The price of Ethereum has surged past its resistance close to $500 and was currently valued at $505.37. This not only marked an annual high for ETH but also was a price level unseen since July 2018. Source: ETH/USD on TradingView This run-up in the market could be contributed by the news of the United...Read More
Crypto derivatives exchange, FTX has added nine more tokenized stocks, available for spot and futures trading to the exchange. The newly added tokenized stock listings on FTX are Square, PayPal, MicroStrategy, Moderna, Zoom, Nio, Twitter, Uber, and NVIDIA. Users will also be able to get the actual shares transferred to them when applied for, as confirmed...Read More
Scams within the cryptocurrency industry come in different shapes and forms, including impersonating legitimate applications downloadable from trusted establishments. A popular digital asset commentator recently warned the community about such a scam using the Uniswap name, resulting in the loss of $20,000. $20K Lost In A Uniswap-Impersonating Scam Uniswap is a sort of decentralized exchange...Read More
Bitcoin has managed to turn many into ‘crypto-believers’ in 2020. As the year turned into a series of unbelievable events, the Bitcoin price has affirmed that the king coin is here to stay. But Bitcoin had already reached $18k or rather close to $20k in the past, so why is this surge so important? “…this...Read More
Tezos, IOTA, and BAT have all shown negative returns from October to date; Tezos [XTZ] has the least negative return in comparison with a -7.99% return as of this writing. Following Tezos is IOTA with a -11% return and BAT has a -18% return for the same time period. The altcoins have been brutally beaten...Read More
Deposits to the ETH 2.0’s deposit contract have grown considerably over the past few days, which witnessed the most growth since the contract launch recently. Source: Dune Analytics Over 102k ETH has now been sent to the ETH 2.0 deposit contract, however, despite this, considering the current pace of staking, many remain uncertain that the...Read More
The impact of the world’s largest cryptocurrency’s price movement was evident this week after many of the crypto-market’s alts followed BTC’s lead to record gains of their own on their charts. Interestingly, while Bitcoin was continuing to consolidate after failing to sustain a breach of the much-anticipated $18K-mark, most alts were already starting to see...Read More
Polkadot has competitors that claim the same thing as DOT – throughput that achieves scalability, lower fees, security, and the ability to build a defi ecosystem on its chain. However, only a few actually deliver these things and are yet to gain adoption. The adoption isn’t here yet due to the fact that Ethereum is...Read More
The root cause of IOTA’S mainnet incident that took place last week was identified to be related to the infrastructure and deployed software which was unable to process all the transactions into the network. In a Github report published by Jakub Cech, the Director of Engineering at the IOTA foundation, the incident was addressed as...Read More
For all the talk about an incoming altseason, Bitcoin’s movement is the one that catches the imagination of most in the crypto-market. Owing to its market share and the high correlation stats it shares with most altcoins, BTC’s hikes and falls usually determine the direction of the general market movement. The same was evident when...Read More
The decentralized finance [DeFi] ecosystem has been booming. Its total market capitalization has reached $17.662 billion, while Ethereum’s market cap has been close to $53.994 billion, at press time. DeFi market cap is over 30% that of Ethereum and it does not seem to stop here. Many projects have contributed to the growth of DeFi...Read More
Everyone looks at Bitcoin and Etherum differently. To the ardent followers of one, the other is either too little or too much. To unfamiliar traders, they are just different ways of referring to cryptocurrencies. To crypto-folk, one is a currency, the other a utility. Whichever way you look at them, one thing is certain –...Read More
Bitcoin’s price performance over the past week seemed to have a uniform effect across most of the crypto-market after altcoins like EOS, Zcash, and Tron rallied across the board. At press time BTC was being traded at $17,675 with a trading volume of $26.7 billion. Source: CoinStats While corrections had already started setting in at...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Carano’s short-term market and its impact on the price The price of Bitcoin has been re-visiting old highs and has also ended up carrying many altcoins with it. Cardano [ADA] has been one of the major alts that has been moving...Read More
Chainlink has successfully been deployed on the Matic Network, as confirmed by an announcement today. Matic is now the second blockchain after Ethereum to integrate Chainlink Price Feed Oracles. Five price feeds have already been launched on the mainnet: MATIC/USD, USDC/USD, ETH/USD, USDT/USD, and DAI/USD. As it stands, more price feeds are expected to follow soon...Read More
The prominent cryptocurrency exchange, BitMEX has been tightening the loose compliance ends within the exchange. The exchange has been assessing and introducing new tools to keep the compliance in check and the latest addition to the toolbox has been Refinitiv’s World-Check One tools. This new tool will allow the exchange’s compliance team to monitor for...Read More
After almost a month of zero completed withdrawals, OKEx has announced that it is opening its withdrawal services. There were rumors about the release of founder Xu Mingxing after which the OKB token experienced a 13% jump. However, there was no confirmation about it. Today, as per the announcement by OKEX, one of its “private...Read More
Earlier today, TrustSwap disclosed that they are currently working on an acquisition of another crypto company. The announcement states that TrustSwap is set to buy out another crypto company and onboard all of their assets, team, IP, etc to grow TrustSwap into an ‘absolute monolith’. TrustSwap anticipates that they will have all the details and...Read More
Bitcoin SV is currently stuck in a strong resistance range. In the past articles, we had discussed this particular range between $150 and $165 and collective bullish market sentiment also did not assist in a positive breach. The spike over the past 24-hour indicated a minor re-test at $180, but it quickly dropped below $165...Read More
Bitcoin’s brief breach of $18,000 and its sustained consolidation above $17,000 has renewed the bullishness in the market, with many of the industry’s alts climbing on the charts on the back of BTC’s performance. The cases of Monero, Ontology, and DigiByte followed this template, with their price performances replicating the general optimism in the market....Read More
Bitfinex’s derivatives platform is in the news today after it announced the launch of its perpetual contracts for IOTA, Chainlink, and Uniswap. Each of these contracts will offer users maximum leverage of up to 100x, leverage that is typical of such contracts and they will be settled in Tether (USDt) tokens. Interestingly, according to a...Read More
French international banking group BNP Paribas is in the news after the conglomerate, along with the French bank CA CIB and the French investing company Caisse des Dépôts, announced the launch of a project exploring a digital interbank currency (DIBC). The venture in question will also include tokenizing solutions firm Tokeny and The Blockchain XDEV...Read More
In what is a breaking development, Binance Holdings Ltd. today filed a defamation suit against Forbes Media LLC before the U.S District Court of New Jersey. Representing the Changpeng Zhao-led Binance, arguably the world’s biggest crypto-exchange, the petitioner is suing Forbes and two of its journalists over a story they published last month. .@binance sues...Read More
With the total value of assets locked in DeFi now worth over $13 billion, many expect this part of the crypto-space to grow at a rapid pace. In fact, in Q3 of 2020 alone, the DeFi ecosystem saw its transaction volume surpass $123 billion, with 96% of the total belonging to Ethereum. However, DeFi’s growth...Read More
Crypto Fear and Greed Index stood at 91 to denote extreme greed as Bitcoin, after a brief dip below $17,500, rose past $18,000 once more. Binance Coin broke out of a triangle pattern and showed signs of an uptrend. Monero was also strongly bullish, while Algorand traded within a range over the past two weeks....Read More
Decentralized oracle provider Chainlink seems to be having a ubiquitous influence on the cryptocurrency ecosystem lately. In fact, over the past few weeks, several developers have been integrating the network with their projects at a rapid pace. Base Protocol is the latest to do so after the project, having a new kind of synthetic crypto-asset...Read More
Bitcoin Dominance continued to rise and stood at 67.17% at press time. A rise past 67.5% could delay an altcoin market rally. At press time Bitcoin was being traded at $18,028 with a trading volume of $38.2 billion. Source: CoinStats Polkadot was unable to flip a level of resistance it ascended past. EOS saw some...Read More
Bitcoin’s price and its surge in market cap call for a celebration, however, what most people have been missing is the surge in stablecoins. As of Wednesday, Bitcoin hit a new high not seen in the last two years and this is only for the price, in fact, the all-time high [ATH] is only 9%...Read More
