Macro investor Raoul Pal, CEO and Co-Founder of Real Vision Group thinks Bitcoin will soar to $1 million in roughly five years’ time. He believed that with the asset’s restricted supply, market demand will always be in Bitcoin’s favor. The former Goldman Sachs investment banker claimed that Bitcoin’s price-performance will continue to draw more interest...Read More
Blockstream’s CSO, Samson Mow, thinks that institutional investors decide to buy Bitcoin regardless of its price movements. The Bitcoin maximalist took to Twitter on 5 January to explain that entities seeking to buy the digital asset do not plan to buy BTC at a particular price. Instead, heads of such institutions plan to purchase a...Read More
A few of the market’s altcoins like Polkadot and FTX Token rose to record levels over the last few trading sessions, while Bitcoin Cash was registering a correction, one that saw the price move towards the $415-mark. Bitcoin Cash [BCH] Source: BCH/USD, TradingView A look at Bitcoin Cash’s 4-hour chart showed that the cryptocurrency was...Read More
Banks in Sweden are now concerned with regard to the country’s proposed CBDC project, the e-krona, which they believe could have a significant impact on their industry. Sweden, which is seeing a decline in the use of cash for payments, is set to finalize a decision on whether to pursue its CBDC, the e-krona, by...Read More
The circulating supply of Bitcoin, at press time, was 18,591,375 ~ 18.6 million. That is close to 88.6% of the total supply. Now, even though each token is worth close to $31k, understanding the state of liquidity gives a better perspective of its value. According to Glassnode’s latest report, illiquidity is on a rise in...Read More
Justin Sun, Founder and CEO of TRON, recently took to Twitter to dispel rumors that Tron was in the middle of extensive regulatory scrutiny in the United States and China. According to Sun, neither the TRON Foundation nor BitTorrent has received any notice of regulatory proceedings from any regulatory agency, with the exec adding, “We...Read More
Some of the market’s altcoins like Monero and Dash failed to recoup their losses after Bittrex’s delisting announcement last week. However, XMR and DASH weren’t the only ones as Ethereum Classic too projected a southbound move as the market bears sought control of the prices. Monero [XMR] Source: XMR/USD, TradingView Monero seemed to be reeling...Read More
The previous year witnessed significant growth in decentralized applications. Total locked value locked (TVL) across all DeFi apps had hit $1 billion at the beginning of January 2020. A year later, DeFi TVL in dollars amounted to $18.3 billion, at press time, according to DeFi pulse. Image Source: DeFi Pulse Although Bitcoin attracted several major...Read More
After Bitcoin retraced some of its gains over the last 24 hours, altcoins like BAT and Zcash followed suit and suspended their own northbound movement, entering a consolidation phase on the price charts. Finally, Litecoin was projected to move slightly lower on the charts too. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin picked up steadily on...Read More
Crypto asset manager Grayscale announced today that it has removed XRP from its digital large-cap fund, in the wake of US Securities and Exchange Commission accusing Ripple and co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over $1.3 billion through an unregistered “securities offering.” The firm stated that it had sold all XRP...Read More
How the times have changed. And apparently, so has The Financial Times. Consider this – A recent edition of the mainstream paper had Bitcoin take precedence and dominate the front page. The headline read, “High flyer: Bitcoin value tops $30,000.” Now, while the article does sound catchy and pretty, one must remember that FT wasn’t always...Read More
Popular crypto-exchange FTX is in the news today after it listed $GBTC, $ETHE, and $BITW Spot and Futures. These are tokenized versions of Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Bitwise Index (BITW). The listing of these particular tokenized spot positions on FTX represents the first time a centralized exchange has carried out...Read More
BitFarms, a publicly-listed Bitcoin mining operation in Canada, has raised funds amounting to CAD $20 million from U.S-based institutional investors in its latest investment round. According to a press release shared with AMB Crypto, the company entered into subscription agreements with certain institutional investors via a private placement comprised of 8,888,889 common shares, along with...Read More
Popular American VC firm Andreessen Horowitz, more commonly known as a16z, is in the news today after it filed a response urging FinCEN to withdraw its proposed rule or at the very least, extend the comment period attached to it. The comment period should be extended so that FinCEN “can engage in a meaningful consultation...Read More
On the back of consistent price surges over the last week, it seemed that Bitcoin, Ethereum, and the rest of the market were finally registering some corrections on the charts. However, that wasn’t to last as the larger crypto-market hiked after the U.S Treasury’s Office of the Comptroller of the Currency (OCC) issued an interpretive...Read More
Chief Technology Officer at Ripple and XRP Ledger architect David Schwartz said in a recent interview that US regulatory laws with regard to crypto-assets are “vague.” These comments were made, in wake of the Securities and Exchange Commission’s new lawsuit against Ripple which alleges that the company and two of its executives raised over $1.3...Read More
Bitcoin‘s price correction is finally here, and altcoins could soon be in hot water. The past 24 hours have been shaky for the world’s largest cryptocurrency, with its price retracing by over 8% since hitting the $34,000 mark. Although the corrections were yet to sink in for the larger crypto-market, some altcoins had already started...Read More
Bitcoin has been registering new highs on the price charts this year, despite the crypto seeing a period of mild correction. Unlike the 2017 rally, the 2020-2021 rally has been associated with institutional interest. Many prominent institutions have shown trust in the asset value of Bitcoin and included it in their company portfolios. These include...Read More
Financial strategist and founder of Rosenberg Research & Associates Inc, David Rosenberg said he would avoid investing in Bitcoin, as he considers the digital asset to be in a market bubble at present. The former Merrill Lynch chief economist also planned to stay away from Bitcoin at least for the next twelve months and instead...Read More
The larger crypto-market is off to a strong start in 2021, backed by market leaders Bitcoin and Ethereum. In fact, in the past seven days alone, the top-10 coins by market cap have risen by between 13.8% and 74.84%, highlighting the bullish start to the New Year. However, with investors preparing to lock in their...Read More
Cardano has been working on developing and expanding its ecosystem for a long time now, with the community focusing on bridging the gaps between the market’s altcoins. In fact, the Cardano and Litecoin foundations have for long been rumored to be discussing probable cross-chain collaboration. According to a recent update by Cardano’s Charles Hoskinson, preliminary...Read More
While the year 2020 has been an impressive year for most of the cryptocurrency market, it has been especially so for Chainlink. Its native cryptocurrency LINK managed to return 536% to its investors in 2020. Although LINK’s market did witness a dump in price soon after, at the time of writing, it was awaiting correction...Read More
Swing failure patterns appeared to be in play on the charts, with much of the altcoin market highly volatile in the hours before press time. While Chainlink touched $15.7 and dived south, Aave’s breakout of a range saw a nasty reversal as well. Finally, DigiByte registered a bearish divergence as well. Chainlink [LINK] Source: LINK/USD...Read More
Earlier today, Bitcoin’s record-breaking surge to the $34,000-mark made headlines across mainstream media platforms, which attracted long-time Bitcoin critic Peter Schiff to comment on the same. The gold advocate recently took to Twitter and said: It seems like a pretty good indicator of a market top. Image Source: Twitter Schiff has been known to criticize...Read More
For Bitcoin, the days that followed Christmas 2020 have been extraordinary. Since 26 December, Bitcoin has shot up by 40.74% on the price charts. One can argue that the cryptocurrency brushing past the psychological resistance levels at $25k, $30k, and climbing as high as $34.8k is a testament to the strength in Bitcoin’s bull rally....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum surged from $715 to $1,169 in a span of three days. However, the $1,168 high was momentary and the price was soon forced to retrace as Ether formed a swing failure pattern. ETH...Read More
Bitcoin Cash and Polkadot were extremely bullish on the charts as they climbed past levels of resistance with ease. Bitcoin Cash surged on the back of Bitcoin and Ethereum’s performances and it looked likely to rise past the $460-level. Polkadot doubled in value over the past week and could climb as high as $11.5 in...Read More
The price of Bitcoin, the world’s largest cryptocurrency, registered a new all-time high of $34,800 on 3 January 2021. However, thanks to the exponential nature of BTC’s hike, corrections were inevitable. On 4 January, as the crypto was consolidating above $32k, it witnessed a sudden dump, with the value of the cryptocurrency plummeting from $33,374...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s market bulls have halted their surge upwards, but the altcoin market is continuing to register a staggering appreciation in value and price. Tezos [XTZ], ranked 20th on CoinMarketCap’s list due to a market...Read More
Stellar Lumens formed a double bottom on the charts and reversed the downtrend it had previously been on as it looked to flip the $0.145-level to support. Algorand and Maker also had a bullish outlook as they broke above crucial levels of resistance. Stellar Lumens [XLM] Source: XLM/USD on TradingView The downtrend for XLM since...Read More
