The world’s premier privacy coin, Monero appeared to break out of a short-term downtrend and could be set to move toward its resistance around the $127-level, provided it can defend an important level of support at $115 if the bears gain some traction over the next few hours. Further down the crypto-ladder, Basic Attention Token...Read More
Bitcoin has tapped the $16k-level twice and still, it is yet to sustain a breach or a capture of this level. What does this mean? Well, one can argue that this shows the market’s bulls are weak and ready to be farmed by the bears. “Ready to be farmed?” Yes, ready to be farmed. After...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice 16.78% and 48.22% – That’s how much Bitcoin has surged since 1 November and 1 October, respectively. Suffice to say, Bitcoin has been on a roll in the last quarter [since September – 34%]....Read More
DeFi’s total market capitalization stood at $15.8 billion against Ethereum’s market capitalization of $51.8 billion, at press time. This means that as of mid-November 2020, DeFi’s market capitalization is already over 30% that of Ethereum’s and it won’t be long before it explodes to surpass ETH’s own market capitalization. Since its launch in 2015, Ethereum’s...Read More
Let’s be honest, you were more surprised than anything seeing Bitcoin trade at over $16,000. You probably thought to yourself, “How long will this last?” With the cryptocurrency trading at its highest point since January 2018, and up by over 120 percent since the beginning of the year, the sentiment is firmly bullish, but that...Read More
Bitcoin Cash has been moving steadily down the charts over the past few days, with BCH likely to see more of the same in the near-term. While a break out of its downtrend was possible in the coming days, the same wasn’t visible on the charts yet. Finally, Algorand’s market appeared undecided in the short-term,...Read More
Brian Kerr, Co-founder and CEO of Kava Labs, is in the news after he recently asserted that by the end of 2021, DeFi as a general topic will move beyond its initial hype phase. However, this being said, Kerr added that there will still be some growth in specific areas – in particular, cross-chain products,...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin’s latest failed attempt at a sustained breach of $16,000 has given the market’s altcoins the chance to do more, by surging higher or by stopping its slide down the charts. With Cardano, that...Read More
As Bitcoin’s price crossed $16,000 on spot exchanges, one expected that institutions would unload their bags and book profits. However, based on the Map of unspent Bitcoins from Whalemaps, inflows to whale wallets above $12,000 remain unspent. In fact, institutions seem to be buying and HODLing at the same time. The chart attached herein highlights...Read More
The Crypto Fear and Greed Index was noting a figure of 86, at the time of writing, with the same over 80 for over a week now. Ethereum was on a strong uptrend and pulled back to a level of support while Cosmos looked set to register a small drop in price. Enjin, on the...Read More
In 2019, cryptocurrency-related crime – thefts, hacks, fraud amounted to $4.5 billion. The latest data from blockchain forensics company CipherTrace shows that this number has fallen to $1.8 billion this year – a 60 percent reduction. Nonetheless, the DeFi space has seen an explosion in criminal activity. Mainstream Cryptocurrency Crime Declining Says CipherTrace In a...Read More
Bitcoin Cash (BCH), the crypto-market’s fifth-largest cryptocurrency, underwent its third hard fork today at 12:00 UTC after its network was split into two chains – Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCH ABC). This contentious hard fork arose from a dispute between BCHABC and BCHN because BCHABC wants to implement an Infrastructure Funding...Read More
One of the most reputed DeFi traders in the business today, the pseudonymous DegenSpartan recently shared his critique on quite a few popular DeFi protocols that have a strong following with independent crypto-researcher Hasu. DegenSpartan has perhaps been most critical of Maker – the second most dominant DeFi protocol after Uniswap. Source: DeFi Pulse According...Read More
The Ethereum community was elated by the announcement of the deposit contract on 4 November, although it had been deployed three weeks prior to the same. Along with the announcement of deposit contracts, the team also released v1.0.0 of the spec with some minor updates. According to Ben Edgington’s latest update, the funds for the...Read More
Although BTC has recovered from the two dips beneath $16,000, so far over the weekend, the asset struggles with decisively reclaiming the coveted price level and the area between $16,000 – $16,250. Larger-cap altcoins have also lost some steam, but DeFi tokens have surged in value. Bitcoin Stalls Around $16K Bitcoin’s impressive performance as of...Read More
Bitcoin was trading just under the $16,000-level, having not yet offered a significant pullback for traders and investors to buy as it thundered past the $13k and $14k-levels. Tezos formed a bearish pattern that projected a near 10% loss for the coin in the coming days, while Decred made massive gains recently. Augur also formed...Read More
It has been roughly seven months since the US government sent the first stimulus checks worth $1,200 to many citizens. Interestingly, that amount would now be worth nearly $3,000 if invested in Bitcoin as the asset price has significantly appreciated since then, unlike the dollar. Stimulus Checks: The History World governments were caught by surprise...Read More
If Ripple shuts down, would XRP still trade? Yes, said CEO Brad Garlinghouse recently, using Litecoin’s success after its founder stepped away from the project to make his case. During a recent podcast, the Ripple exec stated that while he doesn’t intend to step away from Ripple anytime soon, he might move the company overseas...Read More
When Bitcoin was launched back in 2009, experts believed that it was launched to tackle the global financial crisis. The banking crisis was at the heart of it, and Satoshi’s vision may have been to decentralize what we know as money. Despite regulatory clampdown in the first 7 to 8 years of its existence, Bitcoin,...Read More
While DeFi was the talk of the town months ago, the hype around Decentralized Finance seems to have died down lately. This, in turn, has reflected badly on the price action of many DeFi tokens, many of which surged just a few months ago. Synthetix Network Token [SNX] is a case in point. After having...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin Cash’s price has been on the rise since the start of September, with its charts highlighting the strong bullish momentum in its market. However, the cryptocurrency’s good fortunes may be coming to an...Read More
Bitcoin’s dominance was noted to be around 65.27% at press time, after a drop from 65.99%. A rise in the said metric, alongside an appreciating Bitcoin, is generally an indication of losses in the altcoin market. Both Bitcoin SV and Ontology looked to be heading south on the charts. BSV was unable to breach a...Read More
Bitcoin’s price rallied from $15,500 to $16,000 in less than seven days. Based on data from CoinMarketCap, the last time the price crossed $16,000 was way back in January 2018. However, notwithstanding Bitcoin’s recent price performances, the hype around the hike in 2018 was much higher than the one we are seeing today, in 2020....Read More
With the Flare Network scheduled to carry out an airdrop of Spark Tokens almost a month from now, it has been receiving support from a host of exchanges including Bitrue, Cred, Uphold, and Bitbns. However, there are many exchanges that have not yet confirmed their support of the airdrop, exchanges like Bitstamp. Bitstamp revealed that...Read More
Even though the idea of cryptocurrencies has been to provide financial independence to people, for worldwide adoption, crypto will require support from world governments. This is an important step since it allows digital assets to be seen not as a threat, but as a medium of improving the flaws in traditional banking. However, not every...Read More
Chainlink did not have strong buying interest behind it as its price appeared to break out of a continuation pattern, one that invalidated the break. Waves, on the contrary, saw rapid gains and could post more, although it also showed some important levels to watch out for in case the surge north broke down. Finally,...Read More
Brad Garlinghouse, CEO of Ripple, made waves across crypto-Twitter recently after he claimed that XRP is to Ripple what Exxon is to Oil on a podcast. Garlinghouse’s use of the analogy is an interesting turn of phrase, to say the least. However, what is even more interesting is that when the host interceded by pointing...Read More
The process of ‘going public’ for any firm or entity can be best described as the pinnacle of success, an achievement that requires more capital to remain successful. Now, an IPO-based company in the digital asset field is a rare sight, but a DCG IPO might have the potential to prosper, if it ever decides...Read More
The largest bank in Belarus – the ASB Belarusbank – has reportedly launched a legal service enabling customers from the country and Russia to purchase cryptocurrencies. Users will be able to exchange digital assets for Belarusian and Russian rubles, US dollars, and euros directly with their Visa payment cards. Belarusbank To Allow Crypto Purchases According...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice In a development that was received well by many of its proponents, XRP’s price rose substantially on the charts over the past few days. However, with most altcoins’ price action being dictated by Bitcoin’s...Read More
