The prominent cryptocurrency exchange, BitMEX has been tightening the loose compliance ends within the exchange. The exchange has been assessing and introducing new tools to keep the compliance in check and the latest addition to the toolbox has been Refinitiv’s World-Check One tools. This new tool will allow the exchange’s compliance team to monitor for...Read More
After almost a month of zero completed withdrawals, OKEx has announced that it is opening its withdrawal services. There were rumors about the release of founder Xu Mingxing after which the OKB token experienced a 13% jump. However, there was no confirmation about it. Today, as per the announcement by OKEX, one of its “private...Read More
Earlier today, TrustSwap disclosed that they are currently working on an acquisition of another crypto company. The announcement states that TrustSwap is set to buy out another crypto company and onboard all of their assets, team, IP, etc to grow TrustSwap into an ‘absolute monolith’. TrustSwap anticipates that they will have all the details and...Read More
Bitcoin SV is currently stuck in a strong resistance range. In the past articles, we had discussed this particular range between $150 and $165 and collective bullish market sentiment also did not assist in a positive breach. The spike over the past 24-hour indicated a minor re-test at $180, but it quickly dropped below $165...Read More
Bitcoin’s brief breach of $18,000 and its sustained consolidation above $17,000 has renewed the bullishness in the market, with many of the industry’s alts climbing on the charts on the back of BTC’s performance. The cases of Monero, Ontology, and DigiByte followed this template, with their price performances replicating the general optimism in the market....Read More
Bitfinex’s derivatives platform is in the news today after it announced the launch of its perpetual contracts for IOTA, Chainlink, and Uniswap. Each of these contracts will offer users maximum leverage of up to 100x, leverage that is typical of such contracts and they will be settled in Tether (USDt) tokens. Interestingly, according to a...Read More
French international banking group BNP Paribas is in the news after the conglomerate, along with the French bank CA CIB and the French investing company Caisse des Dépôts, announced the launch of a project exploring a digital interbank currency (DIBC). The venture in question will also include tokenizing solutions firm Tokeny and The Blockchain XDEV...Read More
In what is a breaking development, Binance Holdings Ltd. today filed a defamation suit against Forbes Media LLC before the U.S District Court of New Jersey. Representing the Changpeng Zhao-led Binance, arguably the world’s biggest crypto-exchange, the petitioner is suing Forbes and two of its journalists over a story they published last month. .@binance sues...Read More
With the total value of assets locked in DeFi now worth over $13 billion, many expect this part of the crypto-space to grow at a rapid pace. In fact, in Q3 of 2020 alone, the DeFi ecosystem saw its transaction volume surpass $123 billion, with 96% of the total belonging to Ethereum. However, DeFi’s growth...Read More
Crypto Fear and Greed Index stood at 91 to denote extreme greed as Bitcoin, after a brief dip below $17,500, rose past $18,000 once more. Binance Coin broke out of a triangle pattern and showed signs of an uptrend. Monero was also strongly bullish, while Algorand traded within a range over the past two weeks....Read More
Decentralized oracle provider Chainlink seems to be having a ubiquitous influence on the cryptocurrency ecosystem lately. In fact, over the past few weeks, several developers have been integrating the network with their projects at a rapid pace. Base Protocol is the latest to do so after the project, having a new kind of synthetic crypto-asset...Read More
Bitcoin Dominance continued to rise and stood at 67.17% at press time. A rise past 67.5% could delay an altcoin market rally. At press time Bitcoin was being traded at $18,028 with a trading volume of $38.2 billion. Source: CoinStats Polkadot was unable to flip a level of resistance it ascended past. EOS saw some...Read More
Bitcoin’s price and its surge in market cap call for a celebration, however, what most people have been missing is the surge in stablecoins. As of Wednesday, Bitcoin hit a new high not seen in the last two years and this is only for the price, in fact, the all-time high [ATH] is only 9%...Read More
Bitcoin approached its ATH after years in a bear market. The euphoric sentiment aside, no asset moves upward in a straight line and retracements are part of a healthy uptrend. However, an eventual Bitcoin pullback could hurt the altcoin market in its immediate aftermath. Litecoin approached an important level of resistance on the back of...Read More
In this final article of the three-part look at Bitcoin in bearish-2018, we look at which investing period gives you the least loss. The reason for looking at such a pessimistic year while the market is on a bull-run currently is to bring some perspective. Let’s do a quick recap before the summary. Firstly, we...Read More
IOHK, the technology company behind the Cardano blockchain, today announced the introduction of SMASH – a Stake pool Metadata Aggregation Server, as a new component of the Cardano ecosystem. Noting that node decentralization is a “key element,” a primary reason behind introducing Smash is to allow IOHK to try and minimize the influence of bad...Read More
Bitcoin’s price crossed $18k on November 18, 2020, and this has led to bullish sentiments all across spot and derivatives exchanges. In the daily price chart, Bitcoin has rallied over 4.5% in less than 24 hours, marking a new high for 2020. The current bullish sentiment reflected in the price chart may also be dubbed...Read More
There is a sense of bullish urgency in every top digital asset at the moment, and XRP is no different. After taking a back seat for much for the rally, XRP breached above $0.254 on 13th November, and over the past-24 hours, it tested $0.30. XRP is currently consolidating near the present high and collectively,...Read More
Bitcoin has gathered more criticism than any other asset class in the past decade. However, one of the most popular and oldest arguments is that “Bitcoin could fail if it becomes a threat to national currencies it will simply get banned”. If you have heard this a bunch of times, let’s dive into why Bitcoin...Read More
Bitcoin cash isn’t the only crypto feeling the brunt of bitcoin’s volatility. Bitcoin’s return has surged the highest since August, accompanying this high return is the volatility, which has also seen a stark surge. The above table shows bitcoin volatility which has affected all altcoins’ returns and price movement. The highest volatility is being seen...Read More
Vietnam’s Ministry of Education and Training (MOET) will now avail blockchain services from smart contract platform TomoChain following a recent partnership. The Ministry would make use of blockchain’s core features such as transparency and having an immutable verification of data. According to a release shared with AMBCrypto, the Ministry’s National Qualifications Archive program will ensure...Read More
Bitcoin’s price hit an ATH of $18000 on November 18, 2020. Few hours prior to the price rally, open interest on top derivatives exchanges hit a new ATH of $6.4 Billion based on data from Skew. BTC Futures || Source: Skew Bitcoin futures have hit new highs previously, however interestingly every ATH has been closely...Read More
Ethereum saw a rapid move down from $492 to $470 and major altcoins saw a pullback as well. This could turn into a deeper correction if ETH continued to drop. Chainlink moved past $14 and could test resistance at $14.5 in the coming days. IOTA tried to climb upward but was met by selling pressure,...Read More
Bitcoin had nothing but thin air above it to reach ATH, while Ethereum was trading above $480 once more, with $500 a level it has not been above since mid-2018. Tezos saw strong interest from buyers in the past week, while Compound appeared to be recovering from the last two months’ heavy losses. Ethereum [ETH]...Read More
After reaching the $17,000 mark on 17 November, Bitcoin has now breached the $18,000 range across some major crypto-exchanges today. Whilst Bitcoin dipped by 0.7% in the last hour, BTC prices hiked by over 4.7%, in a 24 hour period at the time of writing. Overall, Bitcoin was up by 14.6% in the weekly timeframe....Read More
A 21-year-old man from Dublin who took part in the online theft of over $2 million worth of cryptocurrencies has now been imprisoned for just under three years. United States Department of Homeland Security identified one Conor Freeman for being the person behind certain internet handles connected to the offenses. Local police said that Freeman was...Read More
Bitcoin touched a high of $17,081 at press time and large-cap altcoins performed remarkably well in recent days as well. Cardano and Monero broke strongly upward out of a downtrend, while Vechain pulled off the same feat. Cardano [ADA] Source: ADA/USDT on TradingView Cardano surged off the $0.1 support and broke past the descending channel’s...Read More
The central bank of the Netherlands, De Nederlandsche Bank (DNB), announced that it has imposed new Anti Money Laundering rules that now require customers of all local crypto exchanges to “prove” that they control their withdrawal addresses linked to their accounts. Crypto journalist, Aaron van Wirdum drew attention to the DNB’s latest regulations in his...Read More
Ethereum is currently consolidating above $460 over the past couple of days. On 15th November, the asset did re-test a low below $450 but now it looks lively again for a rally upwards. However, amidst such a bullish scenario, it continues to be difficult to ignore the bearish signs that were evident in the analysis....Read More
USDT has replaced XRP yet again, to rank third in market capitalization. Based on data from Skew, it has hit a new high of $18 Billion. On Coinmarketcap.com, Tether’s market capitalization is 0.13 Billion shy of 18 Billion. USDT Market Cap || Source: Skew So is Tether taking on the popular altcoin XRP or is...Read More
