Stellar Lumens was on its way to flip a level of resistance to support while moving higher on the charts, at the time of writing. On the contrary, DeFi tokens saw a surge after investors piled in on the first sign of strength and Aave doubled in value over the past few days. Finally, FTX...Read More
The famous hip hop artist Akon has announced that the digital asset Akoin has been listed on Bittrex, and trading has started earlier this week. Akon and Akoin’s co-founder and president Jon Karas called the addition a “major milestone” in a recent livestream. The rapper believes that more exchange will follow the example set by...Read More
xBTC is in the news today after it announced its integration with Chainlink to launch a new product type that will use Chainlink oracles to dictate a token’s economics. This integration will create a spot price for a data point that has never before had a spot price – Bitcoin Market Cap Dominance (BMCD). That’s...Read More
After marking a new yearly high of $16,500, BTC now seems to be retracing. The cryptocurrency dropped to as low as $15,750 and recovered to where it’s currently trading at $15,880. Most altcoins are following suit. The Correction Begins? There’s a saying for traders that goes – ‘what goes up, must come down.’ In other...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s short-term market and its impact on the price The value of the cryptocurrency popularly dubbed “digital silver” received a boost after it climbed from $58 to $66 in a matter of hours. In fact, Litecoin‘s price, for a while, had...Read More
Bitcoin induced euphoria in the market’s traders after recently registering a yearly-high of $16,400. Further down the crypto-ladder, EOS seemed to have exhausted its recent bullish outlook while NEM’s chart exhibited a bearish divergence and was likely to see a pullback. Finally, Compound recorded gains recently, but it was yet to show any sign of...Read More
Unlike Bitcoin, the altcoin market has not been successful in registering record highs. XRP, even though a major alt, has not been able to follow its 2017 trajectory and has been stuck within its known range, while other coins were still in a state of loss in terms of YTD performance. XRP Source: XRP/USD on...Read More
Tezos, once a major altcoin threatening a position in the top 10, has been unable to take advantage of the recent bullish scenario. While the coin has dropped down to 18th in the market, its long-term charts failed to indicate a lot of positive momentum. While its recent Delphi upgrade reduced smart contract gas fees...Read More
There are quite a few unfortunate stories of people that lost their Bitcoin forever as a result of using questionable means of storing their crypto. A notable example being James Howell, who lost $127 million worth of Bitcoin in 2017 and was unable to reclaim it. According to a report, Howell mistakenly placed the drive...Read More
Despite Bitcoin’s share of the market holding steady over the last few weeks, the world’s largest cryptocurrency’s price movement, owing to high correlation stats, continues to exert a lot of influence on the movement of other cryptos. The same was highlighted by the price performances of Tezos and STEEM. However, the same wasn’t evident when...Read More
The field of decentralized finance [DeFi] has provided many investors with great returns. One of the projects that enabled users to reap substantial gains was yearn.finance [YFI], created by Andre Cronje. The creator has been actively involved in creating new projects, but not necessarily completed project. DeFi was noting a period of consolidation until recently...Read More
Bitcoin’s correlation with gold has inspired many narratives over the past eight weeks. However, the correlation may be deeper than popular opinion. The halving mechanism that is coded in the asset itself, drives its shortage of supply and reduces mining rewards in half every four years. Why is the chosen number of years, specifically four?...Read More
For many, Bitcoin is more than just a cryptocurrency. For most, Bitcoin is THE cryptocurrency. Why is this so? Well, there are many reasons, but the primary reason usually given by proponents is that it is the world’s biggest and its oldest. Fair enough, but is that all there is to that? Well, not quite,...Read More
A group of researchers has located a new type of ransomware attack called Pay2Key executed against several Israeli and European companies. The perpetrators have requested the ransom to be paid with bitcoins, which the researchers have followed the funds to an Iranian cryptocurrency exchange. A New Ransomware Attack On Israeli And European Firms The updated...Read More
Bitcoin’s performance over the past few days has had a significant impact on the rest of the crypto-market. While the collective market cap surged, individual tokens on the charts prospered as well. However, this wasn’t the case universally as quite a few cryptocurrencies chose to move in the opposite direction. The cases of Monero, Ethereum...Read More
Offering a high-level summary of progress, Goguen and Cardano project managers, Dimitris Poulopoulos and Volodymyr Hulchenko stated that things were progressing well. Last month’s Cardano update involved a live demo of the ERC-20 convertor and Charles Hoskinson describing the Native Asset Standard as a way of treating tokens on Cardano as ‘first-class citizens’. It seems...Read More
Bitcoin payments for passport services? You read that, right! In a first, a nearly 50-year-old U.S based passport and visa processing firm, Peninsula Visa, will now be accepting BTC for select passport services. Coinbase’s crypto payments arm, Coinbase Commerce, will be assisting the company in the same. Peninsula Visa Is Now Accepting Bitcoin For Passport...Read More
In September, Binance had released Launchpool service which enabled users to acquire new tokens in return for staking Binance coin [BNB], Binance USD [BUSD], and other tokens. The exchange has been adding projects to this list and the newest addition has been the Unifi protocol. On 13 November, Binance announced the listing of Unifi’s global...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Polkadot short-term market and its impact on the price. Polkadot has been gaining much attention from the crypto community, ever since its launch. Even though Bitcoin has been reaching new highs, the coin has been consolidating in the market over...Read More
Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t...Read More
The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in...Read More
Following a period of sideways movement under the $11,000-mark in the month of September, Bitcoin’s price has risen dramatically on the charts. In fact, while October saw the cryptocurrency surge, November has seen BTC touch levels unseen since January 2018. Source: CoinStats Bitcoin’s performance has had a ripple effect on the rest of the crypto-market,...Read More
Bitcoin’s [BTC] price recorded its 2020 high of $16,177 today, on the 12th of November. Even though the cryptocurrency’s price had dropped under $16k at press time, the derivatives market has been underlining the active nature of the traders who are aiming for a higher price as 2020’s Q4 culminates. As the value of Bitcoin...Read More
DeFi’s growth this year has been staggering. Towards the start of the year, DeFi’s total value locked (TVL) had managed to hit the $1 billion mark. However, over the next 9 months, DeFi’s TVL jumped to $13.5 billion. Interestingly, the past month saw the DeFi hype slightly die down, and during the course of October,...Read More
Bitcoin’s price has touched new heights in Q4 of 2020. However, it is easy to forget that Q3 was quite different. The Bitcoin market, along with the altcoin market, was quite a mix of volatility and consolidation this year. The spurts of volatility caused the BTC market and traders to pay close attention to the...Read More
With Bitcoin continuing to hover very close to its $16k-resistance level, many of the market’s altcoins are now having to endure prolonged periods of sideways movement. Such was the case for altcoins such as Binance Coin, Polkadot, and VeChain over the course of the previous week. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin’s price...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the EOS long-term market and its impact on the price EOS, like some altcoins, has been sinking lower on the charts with every passing day. This, even as Bitcoin and some other major crypto-assets consolidated. However, if one were to view...Read More
Over the past few years, Bitcoin’s popularity has taken flight, with the cryptocurrency a well-known asset in the financial industry today. While it has become fairly common to talk about Bitcoin, fundamentally, it remains dissimilar to any other asset class. One factor that completely distinguishes Bitcoin from other asset classes is its supply distribution that...Read More
The cryptocurrency market has been all the rage lately, given its performance during the COVID-19 pandemic. Now that Bitcoin is once again surging on the charts, it is unlikely that BTC will stay away from the news for long. Owing to this popularity, many countries around the world have been taking regulatory measures, both in...Read More
The popular Bitcoin derivatives exchange BitMEX has taken a step towards improving its trade surveillance and AML efficiency endeavors by collaborating with Eventus Systems. Founded in 2013, Eventus is a global provider of multi-asset trade surveillance and market risk solutions. BitMEX will integrate the cloud-based version of the Eventus Validus platform with its already existing...Read More
