Klaytn, a blockchain project backed by South Korean Internet giant, Kakao, has announced that Maker Foundation, the organization bootstrapping the Ethereum-based MakerDAO project, has joined the Governance Council of the Klaytn public blockchain. We are excited to announce that #MakerDAO which generates stablecoin, #Dai is joining the #Klaytn Governance Council. Please check out the blog...Read More
For the first time in a decade, central banks around the world are selling off their bullion stocks. Economists have opined that this is a direct result of the coronavirus pandemic led fiscal stress. If the trend continues, gold prices are in for some serious freefall rides. The question is, will central banks start stockpiling...Read More
A common belief that has been doing the rounds lately is that Bitcoin’s recent price behavior is a replica of its historic 2017 bull run. That’s all well and good, but what most people forget is that back in 2017, there were stories equating the 2017 bull run to 2013’s. #bitcoin is creeping up people!!!I...Read More
While a lot of adoption news has come in for the cryptocurrency market this year, 2020 has been notable for the rise of Decentralized Finance [DeFi]. In fact, by the third quarter of the year, many in the community were acutely focused on the growth of this space. However, while DeFi did grab most of...Read More
Genesis lending has been an industry leader when it comes to loans/borrowing and lending on both retail and institutional levels. In its recent Q3 report, quite a few interesting developments came to the fore. Loans Source: Genesis For starters, the loan originations increased by more than half in Q3 of 2020, when compared to Q2...Read More
Bitcoin noted a brief spike past $14,000, before being rejected, with the cryptocurrency trading at $13,700, at press time. The crypto-space was ecstatic about BTC closing a monthly candle above $13k, but some traders also expected a pullback before another move upwards. Further down the crypto-ladder, Bitcoin Cash noted consistent buying volumes, but was unable...Read More
Litecoin, like Bitcoin, hasn’t registered a surge of note over the past week. In fact, the opposite has been the case, with Litecoin’s weekly price change observed to be negative 7.15%. Although not surprising, the same pattern can be seen for the top 15 altcoins [by market cap]. The highest drop can be seen in...Read More
There is no element of certainty in the crypto-market, whether it is a price trend or a position. The same was recently proven by Ethereum’s Vitalik Buterin after he appeared to change his opinion on Tezos. During a recent Twitter exchange, Buterin commented, “I hope Tezos does well. It has genuinely interesting and well-thought-out tech...Read More
Ever wondered what the classic bottleneck is? In the crypto-market, when Bitcoin’s price crosses a long-known resistance and the price rallies, CT is filled with bullish sentiment, bullish tweets, and bullish rants even. However, where is the entire picture? A trader’s perspective is a 360-degree one. That, alas, is often lost around the noise that...Read More
The bullish sentiment around the crypto-space was unabated at press time as Bitcoin continued to trade above $13,700, its trading accompanied by strong expectations that institutional investors would continue to arrive. XRP broke beneath a bearish pattern and could test a level of support in the coming days. Cosmos registered some gains recently, but whether...Read More
Until a few months ago, DeFi was quite the rage across the ecosystem. Of late, however, the space seems to have lost some steam, with many projects failing to sustain the early gains it made. Understandably, many in the community have since become more skeptical and cautious about the space. CEO of Three Arrows Capital...Read More
Bitcoin has registered a considerable surge of 40% over the last 4 weeks. This week, in fact, as of this writing, Bitcoin had surged by a significant 5.47% on the charts. Perhaps, the $14,000-level could be a local top and we might retrace. However, it is too soon to ascertain that without looking into the...Read More
In the previous article, we laid down the premise. In this article, we’ll be diving further to better understand when you should buy Bitcoin. To reiterate, we’re looking at how often should you buy Bitcoin, based on a series of periodic moving averages. We’ve already looked at the 200-day moving average (DMA), and now we’ll...Read More
According to a disclosure by Yearn Finance, a flash loan attack vector was discovered by a security researcher recently, before being resolved by Yearn’s security team. A potential vulnerability was mitigated around 1.5 hours after being reported by Wen-Ding Li through Yearn’s security vulnerability disclosure process on 29 October 2020. It was also revealed that...Read More
Bitcoin’s dominance continued to rise at press time, with the same noting a figure of 63.97%. Monero, one of the market’s premier privacy coins, had been moving sideways over the past couple of weeks and could be set to continue to do so over the next week or two. VeChain was trading just above an...Read More
Most crypto-statisticians believe that Bitcoin has begun decoupling from the U.S. stock market index, the S&P 500. In fact, Willy Woo had predicted that Bitcoin would break ties with the traditional market due to a boost in new entrants. Given the impact the correlation between stocks and Bitcoin has had on the crypto-market, the decoupling...Read More
Talks about the Anti-social Media Bill to prevent Nigerian youths from protesting against the government has reminded us about the need for decentralized social networks. Following the recent EndSARS protests against police brutality in Nigeria, the government has returned to a previous bill that intends to criminalize the use of social media to restrict free...Read More
Chainlink was on a short-term downtrend on the charts, but could see a breakout towards $12, provided Bitcoin doesn’t register huge movements of its own. Basic Attention Token was on a strong downtrend too, while Dash noted considerable volatility over the past month, with some levels of importance highlighted on its price charts. Chainlink [LINK]...Read More
Many in the community have often raised a host of questions about XRP’s viability and utility. Facing one of these questions recently, CTO of Ripple, David Schwartz, stated that a “combination of obstacles” is likely responsible for banks holding back from using XRP as a bridge asset. During an exchange on Twitter, Schwartz commented, “I...Read More
Bitcoin finally broke the 2019 high after a brief spike that took it above $14,100 yesterday (Bitstamp). With its impressive leg up, BTC has continued to increase its dominance over the altcoins, most of which keep decreasing in their value against the primary cryptocurrency. Bitcoin Price Is Trading Around The June 2019 High Ever since...Read More
The Crypto Fear and Greed Index noted a figure of 72 at press time, with Bitcoin just under $14,000 on the charts. Further down the crypto-ladder, Tezos lost an important level of support, while NEM continued to fall. Zcash could also be set for significant losses over the next couple of weeks. Tezos [XTZ] Source:...Read More
Bitcoin surged to $13,950 at the time of writing. There was no overhead resistance for Bitcoin past $14k, till ATH near $20k. While this euphoric development, there is a possibility that BTC experiences a correction in the coming days. Source: CoinStats Ethereum Classic was trending lower in the short-term but still exhibited good interest from...Read More
The stablecoins sector has been working behind the scenes and has been witnessing great growth in 2020. Even though Tether was at the top spot in terms of its supply, DAI and USDC were catching up. DAI, a community-driven experiment has acquired a similar share of transaction count as its counterpart, USDC. USDC, a regulated...Read More
On the last day of October Bitcoin was seen nearing its monthly high as it aimed towards the $13,700 mark. The same bullishness was also visible on the trading charts of Ethereum, Stellar Lumens, and Basic Attention Token (BAT), with the three digital assets recording appreciable single day gains. While the price recovery in Ethereum...Read More
The crypto market has seen an uptick in Institutional Investment of late and following the announcement of these large purchases by more firms, the market has rallied as anticipated. There is much speculation as to which firm will be the next to buy Bitcoin, but the real question is how many institutions are now accumulating...Read More
After a hint of price stabilization along its key support levels on the price charts, all three alts – Litecoin, Zcash, and BitTorrent, at the time of writing, were once again starting to record noticeable gains. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin’s prices were noting a strong buying momentum as it rose above its...Read More
At the time of writing, Bitcoin Cash witnessed a rise in its selling pressure as the digital asset’s bearishness hinted towards a downward price action for the short-term period. Dogecoin too, was bearish on its trading chart and could break into a horizontal price movement once again as the day progresses. While the Tezos market...Read More
Bitcoin’s recent move above $13.5k has flipped the “Bitcoin Gold Narrative”. From Bitcoin as a store of value, the narrative has moved to Bitcoin as a safe haven. The primary reason why gold is the preferred alternative investment globally is it has been around for a few thousand years and it helps investors in reducing...Read More
Crypto Fear and Greed Index showed greedy market sentiment with a value of 73 even as many altcoins posted losses. Bitcoin surged to $13,700 at the time of writing. EOS broke strongly southward while Aave also faced strong rejection at a level of resistance. Both assets could be poised for further losses in the coming...Read More
The overall bullishness in the crypto-market seemed to be picking up once again, with the rest of the digital assets mirroring Bitcoin’s recent gains over the last 24 hours. Chainlink and Monero, were up by 3% percent since yesterday, with Chainlink maintaining a bullish momentum at press time, while technical indicators for Monero remained neutral....Read More
