Bitcoin has been in the news lately as prices breached the $23,000-mark, a major psychological level. Coinbase CEO Brian Armstrong shared a message today about “crypto market rallies.” While the CEO lauded the current rally and how news organizations covered the Bitcoin price surge, he believed that crypto was “a game-changing innovation.” Armstrong urged customers...Read More
Link’s 679% YTD return overshadows both Atom and BAT’s meager returns of 28% and 20% respectively. This is despite Link’s surge to $20 per coin and then a massive collapse to $7.2. Chainlink [LINK] Source: LINKUSD TradingView Chainlink seems to be surging alongside bitcoin at the moment. The coin has seen a 13% hike in...Read More
Trading app Robinhood has agreed to pay $65 million to settle charges from United States Securities Exchange Commission (SEC). The Federal agency accused the firm of “misleading customers” about its “revenue sources” between 2015 and 2018. The charge stated: Material misrepresentations and omissions by Robinhood relating to its revenue sources, specifically its receipt of payments...Read More
Some of Bitcoin’s narratives have become extremely popular over the past few months. Store of value, Digital Gold, etc. are some of them but recently, its characteristics as a hedge against inflation have taken new precedence. However, people fail to understand why Bitcoin has clarity in terms of inflation and the U.S dollar does not....Read More
Altcoins, including Polkadot, seem to be doing well and the reason for this is bitcoin’s new ATH. While at the moment DOT’s price may be benefiting from bitcoin’s surge, however, if bitcoin crashes, DOT’s dip may be more serious than that of BTC. Hence, it is advised to take profits and not try to catch...Read More
Bitcoin’s price has broken past old barriers and registered a new all-time high on 17 December 2020 at $23,777. However, this peak was short-lived as the shorts began liquidating in the market. Within minutes, Bitcoin’s trading price fell to $22,674 and is trading around a similar price level at press time. The 5-minute BTC chart...Read More
DeFi protocol Uniswap recently announced the integration of Sybil, a new governance tool for discovering delegation. 👥 Introducing https://t.co/I5jCdJiwtB, a governance tool for discovering Uniswap and Compound delegates! 📜 Sybil maps on-chain addresses to digital identities, while avoiding on-chain transactions and user signups 🦄 Verify and discover delegates now!https://t.co/3W13fTCZTN pic.twitter.com/ipH5K2O3Jg — Uniswap Protocol 🦄 (@UniswapProtocol)...Read More
Ripple partnered with MoneyGram, one of the world’s biggest remittance and payment companies in the United States in June 2019. Since then, the two parties have managed to report tremendous growth due to the partnership, and Alex Holmes, the chairman, and CEO of MoneyGram International [MGI] highlighted a few aspects of this growth in a...Read More
The Bitcoin market reached an all-time high as it went past the $22k price level and due to Bitcoin’s high correlation with altcoins, most major alts such as XRP, Monero, and Dogecoin saw a strong surge in their respective trading price. XRP Source: XRP/USD on TradingView The XRP market had noted high volatility towards the...Read More
Crypto Wallet company, MathWallet just closed a $12 million Series B round of funding led by Binance Labs, the venture capital and incubator of Binance. The investment round is expected to strengthen MathWallet’s future innovation in DeFi and the blockchain space. This is also a part of Binance Labs’ ongoing initiative to promote DeFi, to...Read More
Bitcoin breached its all-time-high earlier today, crossing $22,000 briefly, before dipping back down to levels around $21,800. It has now crossed $22,000 once more and was trading at $22,091 at the time of writing. Source: BTC/USD, TradingView The level of optimism around the world’s largest cryptocurrency was exceedingly high, as many in the crypto community...Read More
It looks like there’s no stopping Bitcoin, at least not today, after the world’s largest cryptocurrency breached the $21,000-mark within hours of breaching the $20,000-mark. At the time of writing, BTC was trading at a price of $21,274, having gained by 9.18% in the last 12 hours. Source: BTC/USD on TradingView The aforementioned developments came...Read More
Coinbase, CEO and Co-Founder, Brian Armstrong announced in a blog today that the company will soon be adding longtime Silicon Valley executive Kelly Kramer to its board of directors. The CEO said that Kramer will primarily hold a role as Chairperson of the Coinbase’s Audit and Compliance Committee. Kelly Kramer joins the Coinbase Board of...Read More
As the value of Bitcoin went past $20k, many of the market’s altcoins were also seeing their price rise on the charts. The performance of Litecoin, Zcash, and Compound did not witness major uptrends but registered positive gains. Litecoin [LTC] Source: LTC/USD on TradingView The Litecoin daily chart indicated the sideways movement of the digital...Read More
Some users of two major crypto exchanges – Binance and Coinbase – reportedly experienced technical issues and were unable to log in to their accounts on the exchanges. Confirming the same, CEO of Binance ‘CZ’ took to Twitter to acknowledge the issues that surfaced in the past few hours: Still some latency issues here and...Read More
Bitcoin and gold share similarities but also vary significantly from each other. While bitcoin has been the go-to asset for millennial investors, institutions too, see bitcoin as a very promising asset. Interestingly, the rivalry between supporters of bitcoin and gold is a longstanding one, and while there are people who support both investment firms like...Read More
Kraken has announced that it plans to integrate Lightning Network sometime in the first half of next year and that the exchange was also hiring a team to focus on Lightning infrastructure. At first, Kraken will reportedly begin its Lightning support with API access-only withdrawals. Following this, Kraken will focus on user-interface access withdrawals and,...Read More
The overall cryptocurrency market has been witnessing a push and pull from its traders. In the case of the world’s largest cryptocurrency Bitcoin, its value has continued to inch closer to the $20k level and can be seen to have an impact on altcoins like Ethereum, Tezos, and FTX Token. Ethereum [ETH] Source: ETH/USD on...Read More
Grayscale Investments caught the media’s attention this week, after breaking above $10 Billion in digital assets under management. Interestingly, as Grayscale investment’s news broke the Internet, the trade volume on spot exchanges cooled off dropping below the $550 million price level based on data from Skew. BTC Aggregate Daily Volume || Source: Skew Retail traders...Read More
DeFi projects added to its TVL at an astonishing rate this year. The TVL stood at $691 Million in January 2020 and nearly a year later, the TVL surpassed $15 Billion on Monday. The YTD growth of DeFi is over 2000% with the top 6 DeFi projects including Maker, WBTC, Aave, Compound, etc. registering over...Read More
Regulators in Massachusetts are planning to file a legal complaint against California-based trading app Robinhood. Authorities allege that the digital investment platform aggressively marketed to inexperienced investors without having any controls in place that offer to protect users, as reported by the Wall Street Journal. According to the report, Massachusetts Securities Division has accused Robinhood...Read More
Bitcoin’s dominance is one of the biggest drivers behind its institutional interest and mainstream adoption. However, in anticipation of an altcoin rally, it was observed that Ethereum and XRP’s dominance rose 1.1% and 2.6% respectively, based on data from CoinGecko’s report. Against Bitcoin’s gradual price rally, Ethereum’s price increased by over 50% in November and...Read More
American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals such as gold and silver, had a “bright future.” He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in...Read More
American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals such as gold and silver, had a “bright future.” He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in...Read More
XRPL Labs’ account, after coming under scrutiny, has been banned by Twitter. The founder of the XRPL Labs, Wietse Wind brought to attention the silence maintained by Twitter over the issue, despite raising multiple tickets on the matter. On 15 December, Wind took to Twitter and noted: “@TwitterSupport How about some decency for once? Reply...Read More
Cardano seems to have broken out of its consolidation as its price slipped down. However, with the coin trading at $0.1514 at press time the recovery was as swift as the downtrend. With only a 6.7% surge in the past week, ADA is still the ninth-largest crypto based on market cap. While the recent surge...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Like the overall crypto market, Bitcoin Cash’s price has also been dropping. The market has been in a consolidation phase for some time now and has been witnessing spurts of growth. However, on its...Read More
In an update that was sent to shareholders about the company’s performance this year, Ruffer Investment Company revealed its new Bitcoin investment strategy. Ruffer allocated what is currently worth approximately 2.5% of its multi-strategies fund to Bitcoin. This amounts to a $15 million purchase according to Alex Krüger an economist and a crypto analyst. However, the...Read More
American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals such as gold and silver, had a “bright future.” He also explained why he thought Bitcoin will soon be heading toward the $50,000 range in...Read More
Monero showed bullish sentiment in the market over the past few weeks but also exhibited a bearish divergence that could see the price dip slightly. Cardano lacked buying volume in the market as it stayed afloat above the $0.15 level of support. Basic Attention Token retraced some of its losses but was unable to test...Read More
