On 24 February, Bitcoin’s price underwent a similar trend it has familiarized the market with. The price of the world’s largest cryptocurrency, in terms of market cap, started to ascend towards the The post Bitcoin longs worth $23 million liquidated as high volatility creeps in appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
A tale of two halves – Bitcoin Futures market edition. On 22 February, Bitcoin stayed flat. The reason this nonchalant movement bears significance owes to how the week started, with the coming of t The post Bitcoin Futures stall early as market springs a surprise appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The Schnorr Signature and Taproot Softfork proposal marked a new milestone in January this year. Touted as one of Bitcoin’s most significant upgrades since its inception a decade ago, this soft fork u The post Bitcoin’s scalability woes may find relief in ‘flexible’ Taproot, Schnorr appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The prophecized golden cross is clearly taking its time to kickstart the rally. At press time, BTC was worth $9,670, slightly higher than last week’s close [$9598]. On the weekly time frame, Bitcoin’s The post Bitcoin’s potential rally depends on its pullback; $9,075 or $9,600? appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The world of regulators has been itching to regulate cryptocurrencies and device a solution to avoid any economic “threat” that comes with it. Development announcements made by countries like China, Singapore, Japan, and Thailand concerning centrally-backed digital currencies are seen by many as a way to contain this “threat” posed by crypto. However, even though...Read More
Bitcoin recorded its fifth-largest hourly price drop in its history on 19 February. This fall slashed its price from $10,214.98 to $9,573.74, a significant drop as the coin’s price was once again restricted under the $10k resistance. A similar drop was recorded when Bitcoin was at its peak in 2017, following which the price plunged....Read More
The crypto-market’s bullish rally has been collectively sour over the past week after major crypto-assets registered significant drops. Bitcoin went below the $10,000 level again and considering the fact that the world’s largest crypto-asset usually plays a major role in other assets’ movement, certain mid-cap assets were analyzed to understand the level of impact felt...Read More
Unregulated Futures exchanges, exchanges that boast of higher volumes than their American counterparts, have taken a beating as Bitcoin remained locked in the $9,700 range. The three top Bitcoin Futures exchanges – BitMEX, OKEx, and Huobi, saw their volumes and open interest dip. Earlier in the week, Bitcoin had broken into its golden cross, climbing...Read More
After breaching its psychological resistance of $0.30 on 13 February, XRP registered a largely bearish period till 20th February, with the third-largest token depreciating by 24.68 percent over 48-hours. XRP went down to $0.261 on 20 February but at press time, the crypto-asset had managed to stabilize at $0.274. According to CoinMarketCap, the asset’s valuation...Read More
Ethereum‘s 12.43 percent drop on 19 February led to an unexpected slump from $283.82, all the way down to $252.14. Major support levels at $274.81, $270.84, $262.10, all turned to become resistance for a brief period. The pullback continued till 12:00 UTC on 20 February, after which the price underwent some recovery. According to CoinMarketCap,...Read More
As governments and regulatory bodies shift their focus onto the cryptocurrency industry, many players are now focusing on stepping up their efforts to be more mindful of local laws and regulations. Since their inception, cryptocurrencies have battled an array of narratives, such as the notion that it is commonly used by money launderers, drug traffickers,...Read More
IOHK introduced an important update on 20 February as an intermediary step before launching the Shelley era functionality on the Cardano mainnet. The team announced the successful implementation of its Ouroboros BFT hard fork that replaced the original consensus protocol Ouroboros Classic [Byron Era]. @Cardano, the twitter handle of Cardano Community, informed, “We have now...Read More
The Cardano network update scheduled for 20 February will be an enhanced consensus mechanism, Ouroboros BFT. A median step between the current Byron era and Shelley, the network upgrade allows staking feature on Cardano’s mainnet. Binance announced support for the upgrade and noted that no new token will be created during this. It added: “Deposits...Read More
Bitcoin suffered a major loss within hours on 19 February, which dragged its price back under the $10k resistance. The largest asset has been having a crest and trough-like movements with $10k as the mean point. On 19 February, the coin noted an overall fall of 6.28% during which the price of BTC slashed from...Read More
Crypto literacy helps people think differently about finance in Mexico The utilitarian value of cryptocurrencies is a contentious topic still. Ever since Bitcoin’s debut, the community has been split with regard to whether it is best suited as an alternative currency or purely as an investment tool. In Latin American countries like Mexico, the lack...Read More
Bitcoin suffered an unexpected drop of 8.44 percent in the past 24 hours. The valuation dropped from $10167 to under $9312, which also resulted in a $10 billion reduction from its market cap. At press time, Bitcoin was priced at $9576 and the market cap was $174 billion. Bitcoin 1-hour chart BTC/USD on Trading View...Read More
Litecoin’s past 24-hour change does not mirror its recent bullish rally. The silver counterpart to Bitcoin registered a slump of 9.08 percent and its price held support just above $70. According to CoinMarketCap, its market cap remained under $4.5 billion at press time but the 24-hour trading volume remained positive and above $5.4 billion. Source:...Read More
The resurgence of the crypto rally has attracted the attention of traditional investors and market makers, as the alt season sets in. Bitcoin has been relishing during this period as the coin reported a 41% return since the beginning of 2020, while the second-largest crypto, Ethereum marked triple digits yield of 115%. According to Binance.US...Read More
Bitcoin’s recent bullish crossover resulted in the escalation of its price by 7% and crossing the $10k hurdle. With a rising price, the overall active addresses on the Bitcoin network noted a steady rise, with large addresses, with a balance of at least 1/1k of the total BTC supply, holding about 11% of the total...Read More
Currently, there are five endpoints for ODL transactions in existence which include USD, PHP, AUD, MXN and EUR along with five corridors [USD-MXN, USD-PHP, AUD-PHP, AUD-USD, and EUR-USD]. However, there could be 20 ODL endpoints by the end of the year 2020, according to FlashFX’s Chief Enabling Officer, Nicolas Steiger. FlashFX is the only licensed...Read More
Ever since cryptocurrencies gained popularity as an asset class, tax regulations surrounding it have been problematic and complex for most users. While the US has taken proactive steps to bring greater clarity with regard to the regulatory and compliance-related aspects of crypto, the intricacies of compliance and the consequences of failing to comply remain a...Read More
The on-demand liquidity [ODL] platform, introduced to ease and fasten cross-border remittance problem by Ripple, has been expanding globally. Ripple has on-boarded another bank through its RippleNet member Nium. Nium, formerly recognized as InstaReM, announced a partnership with Banco Topazio on 18 February. The digital cross-border payments platform announced that it has “put the finishing...Read More
Bitcoin is re-entering its golden hour, and the futures market is in awe. On February 18, Bitcoin’s bullish rally of 2020 was set in stone, with the cryptocurrency realizing its Golden Cross. The market effects of this cannot be overstated, especially because the last time Bitcoin entered the cross, the price ballooned by over 90...Read More
With the Bitcoin halving event just three months away, the community is ready for a bull run. Though skeptics suggest the halving has already been priced in, many market participants have made contrasting opinions. While the truth is likely somewhere in between these two views, it could be beneficial to look into the supply distribution...Read More
2019 was an important year for the digital asset industry, with not only the cryptocurrency market doing well, but talk of CBDCs marking a milestone for the industry too. In a recent interview, Mati Greenspan, Founder of Quantum Economics, touched upon CBDCs, as well as the events that may drive up Bitcoin‘s price in 2020....Read More
As Bitcoin’s dominance climbed back to 63% after a brief dive, the altcoins in the market were seen resisting downward pressure after weeks of bullish movement. However, not all altcoins were plummeting. Tezos [XTZ] The latest entrant to CoinMarketCap’s top-10 cryptocurrency rankings, Tezos [XTZ] was buzzing with a market cap of $2.281 billion, at press...Read More
With the crypto-market’s attention presently focused on price movement, many fundamental metrics have undergone critical changes over the past month or so. According to skew analytics, WBTC has been at the head of a crucial development in the ecosystem since 19 January. WBTC, or Wrapped Bitcoin, is an ERC20 token based on Ethereum which is...Read More
Over the past four days, Ethereum has recorded significant price volatility. After registering a significant dump of around 18 percent over 15-16 February, the market’s 2nd largest crypto-asset jumped right back above the $270 mark. Over the past 24 hours, Ethereum had recorded a positive turn around of 8.01 percent, with a market cap of...Read More
For the Bitcoin world, the two poles are not in the north and the south; they are in the east and the west. China and the United States of America – the two superpowers in the global economic world are also at the center of every Bitcoin price swing. Recent cases show plenty of examples....Read More
Bitcoin hitting the key level of $10,000 was celebrated by the entire crypto-community. However, as the king coin continued to surge higher and touch new milestones, one of the world’s leading cryptocurrency exchanges, Binance, reportedly experienced functionality issues. Addressing the same, Binance has now come out with a blog post clarifying what happened, a blog...Read More
