China-based blockchain infrastructure provider, Blockchain Service Network or BSN, which is backed by the Chinese Government, today announced that it has added major blockchain protocols such as Polkadot, Oasis and Bityuan into its network. In a tweet published on 26 November, the firm announced: Welcome @Polkadot @OasisProtocol @Bityuanofficial into the BSN family! pic.twitter.com/yD6LfMlNDb — BSN...Read More
MicroStrategy’s adoption of Bitcoin as its primary reserve asset took the market by storm, with many arguing that the development was one of the catalysts behind BTC climbing to $19k on the charts. The firm’s Michael Saylor recently spoke about Bitcoin and his company’s decision to invest in Bitcoin, which is now up by over...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Following the lead of Bitcoin, the world’s largest cryptocurrency, most altcoins have also noted price breakdowns on their charts. Polkadot, one of the industry’s major altcoins, also saw its value crumble under the...Read More
The world’s largest cryptocurrency, Bitcoin, was roaring and climbing towards its all-time high until a few days ago. In fact, BTC climbed to a yearly high of $19,490 after it managed to surge by 42%. At the time of writing, however, corrections were setting in, with Bitcoin down by 16% in just two days. While...Read More
Ripple has been the torchbearer of crypto-related payment solutions using the digital asset XRP. With Ripple expanding its reach globally and connecting niche countries, it has been gaining more and more prominence with every passing year. Interestingly, it would now seem that Ripple’s growing reach has been intimidating existing solution providers like SWIFT. In fact,...Read More
Gold advocate and American stockbroker Peter Schiff took to twitter today to clarify to the crypto community that he understands Bitcoin well enough to not participate in the BTC market. The clarification is because Schiff believed that his lack of participation in the market has caused many users to doubt that Schiff does not understand...Read More
For many, India is a country with a lot of untapped potential, a country that can truly launch the crypto-space to the stratosphere. However, many hurdles stand in the way of these dreams becoming a reality. These hurdles were recently highlighted by a survey reporting the sentiments of investors in India, a survey done by...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The value of Bitcoin had been appreciating without any hiccups for the past one month, until quite recently. In fact, over the past 48 hours, soon after Bitcoin climbed to a local top...Read More
A lot of numbers for the future price of Bitcoin have been thrown around recently, but most of them have been presented without context. The following article will focus on Bitcoin’s achievements, putting them in the context of traditional world assets. The first thing that comes to mind is gold due to its similarity with...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Tezos‘s price seemed tense after suffering a brutal drop of 26% in 12 hours. The aforementioned drop was a result of Bitcoin’s 12% drop over the same timeframe. While the correlation of altcoins with...Read More
3iQ, Canada’s leading crypto-asset fund manager, made headlines recently after it announced a successful treasury offering of its Bitcoin Fund. The Bitcoin Fund offering consists of 2,222,300 Class A units, of which the gross proceeds are expected to amount to $50,001,750. The offering is expected to close around the 30th of November 2020, with the...Read More
Popular crypto-derivatives exchange FTX was in the crosshairs earlier today after UI outages contributed to severe consequences for a few traders in the market. According to a series of tweets, FTX was delayed in sending fill reports to users. This meant that most traders operated under the assumption that their orders didn’t go through when...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin, like many altcoins, has suffered first-hand, yet again, at the hands of Bitcoin’s volatility. Due to a drop of ~$2,200 on Bitcoin’s price charts starting 12:00 UTC, 25 November, altcoins have been...Read More
After a month of confusion and wariness, OKEx users have finally received the response they have waited for. A few days after popular crypto-exchange OKEx announced that following an investigation done by the authorities, OKEx was “confirmed not to have been involved in any wrongdoing or illegal activities,” the exchange has now announced the re-launch...Read More
A day after popular crypto-exchange Coinbase announced that it will be suspending margin trading in light of recent regulations, the exchange is in the news again after a statement revealed that the New York Times is planning to publish a “negative story” about Coinbase in the next few days. According to Coinbase, the New York...Read More
Bitcoin Dominance hit 62% after a bounce from 61.5% over the past 36 hours. While it is not a perfect metric, altcoins need this number to continue to drop to enjoy further gains. Compound showed a bearish divergence between buying volume and price, while Monero still had bullish momentum on its side. Binance Coin bulls...Read More
The past twelve hours saw the altcoins mirror Bitcoin’s movement. The momentum was bullish for Litecoin and IOTA, but the trading volume would need to pick up to affirm their price movement in either direction in the short-term. Ethereum Classic was likely to flip another level of resistance to support and could post more gains...Read More
Libra Association, the independent member organization, which is overseeing Facebook’s Libra project, has appointed Saumya Bhavsar as General Counsel of Libra Networks, which is a wholly-owned subsidiary of the Association- according to a new update published on 25 November. The Libra Network manages the operations of the licensed Libra payment system. Bhavsar, a former Managing...Read More
A cryptocurrency mining farm has caused a fire to break out in an apartment in St. Petersburg in Russia, which injured a 35-year-old owner of the rig. The press services of the Ministry of Emergencies told local media that the cause of the fire was because the owner did not install a cooling system for...Read More
The bullish sentiment has not yet abated in the altcoin markets as many coins saw a dip in price. The sellers were not yet out in force and XRP and Dash still had the legs for another move upward. XRP Source: XRP/USD on TradingView XRP rose to $0.78 before facing selling pressure (although Coinbase saw...Read More
US Director of National Intelligence John Ratcliffe wrote a letter to US SEC Chairman Jay Clayton earlier this month about concerns pertaining to the Chinese influence over cryptocurrencies. According to a report from the Washington Examiner Ratcliffe even offered to have the senior economic intelligence officials brief Clayton on the matter. For now, the SEC...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Polkadot’s short-term market and its impact on the price Bitcoin’s hard fork, Bitcoin Cash has been surfing through various resistances and has appreciated in value. Currently, the asset’s value reached $336.62. However, the current price is the result of a drop in...Read More
The Crypto Fear and Greed Index rose to 94 as Bitcoin and altcoins posted further gains over the past eight hours. At press time Bitcoin was being traded at 19,237 with a trading volume of $28.1 billion. Source: CoinStats Polkadot could be headed for a move down after a breakout past $5 recently. EOS and...Read More
Yes, you heard it right, bitcoin’s joy ride up to $19,000 was exciting, but we can expect more of that soon. More of it due to the accidental spillage of “Chemical X”. Professor Utonium’s creation had an accidental spillage of Chemical X, likewise, this bitcoin rally has similarities to it and more interesting connections. The...Read More
Nobody can time the market. Not even in Bitcoin markets. But what can be timed is our investments. With Bitcoin’s price rise and fall being one that cannot be adequately predicted, we should focus on what we can control. We can’t control Bitcoin’s price, but we can control when we choose to buy it. We’ve...Read More
The XRP community has been eagerly waiting for the Flare network airdrop scheduled for December. While the network was still awaiting support from major exchanges, Binance today announced its support for the airdrop. According to the announcement by Binance: “Binance will support the Spark (SPARK) Airdrop Program for XRP (XRP) holders. The airdrop snapshot will...Read More
The cryptocurrency market has been expanding in terms of the value of most digital assets and its overall market capitalization. As investors receive increased returns, the demand for cryptocurrencies has also been increasing throughout the world. Keeping up with this demand, Binance P2P has announced the launch of Express mode. Express mode will allow users...Read More
Chainlink’s recent surge price may be due to its correlation [90-day] with bitcoin, which stands at 0.6, however, there is more to it. The smaller bits that may have caused this price surge could be its fundamentals which are getting stronger. Chainlink’s oracles are gaining popularity as they were recently integrated by Matic and Base...Read More
The value of the second-largest digital asset has been peaking at $623 due to an accelerating price since October. Given the hype around the launch of Ethereum 2.0’s Phase 0, the Ethereum community has been thrilled to note the progress towards it. Amid an active market like Ethereum’s, failure of exchange to settle contracts could...Read More
The cryptocurrency market cap stood at $566 billion as Bitcoin and Ethereum saw demand and prices increase. Many large-cap altcoins also performed extremely positively in the past week. Cosmos and Zcash experienced a pullback and were ready to rise toward its resistance once more. Ethereum could lead the altcoin market once more with its remarkable...Read More
