The process of ‘going public’ for any firm or entity can be best described as the pinnacle of success, an achievement that requires more capital to remain successful. Now, an IPO-based company in the digital asset field is a rare sight, but a DCG IPO might have the potential to prosper, if it ever decides...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice In a development that was received well by many of its proponents, XRP’s price rose substantially on the charts over the past few days. However, with most altcoins’ price action being dictated by Bitcoin’s...Read More
Stellar Lumens was on its way to flip a level of resistance to support while moving higher on the charts, at the time of writing. On the contrary, DeFi tokens saw a surge after investors piled in on the first sign of strength and Aave doubled in value over the past few days. Finally, FTX...Read More
xBTC is in the news today after it announced its integration with Chainlink to launch a new product type that will use Chainlink oracles to dictate a token’s economics. This integration will create a spot price for a data point that has never before had a spot price – Bitcoin Market Cap Dominance (BMCD). That’s...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s short-term market and its impact on the price The value of the cryptocurrency popularly dubbed “digital silver” received a boost after it climbed from $58 to $66 in a matter of hours. In fact, Litecoin‘s price, for a while, had...Read More
Bitcoin induced euphoria in the market’s traders after recently registering a yearly-high of $16,400. Further down the crypto-ladder, EOS seemed to have exhausted its recent bullish outlook while NEM’s chart exhibited a bearish divergence and was likely to see a pullback. Finally, Compound recorded gains recently, but it was yet to show any sign of...Read More
The Bank of England’s deputy governor Jon Cunliffe reportedly said that England’s central bank was not going to ensure that mainstream banking business would remain relevant or not when future digital currencies launch. Cunliffe said in a report: Our job is not to protect bank business models. Banks will have to adjust. Our job is...Read More
Unlike Bitcoin, the altcoin market has not been successful in registering record highs. XRP, even though a major alt, has not been able to follow its 2017 trajectory and has been stuck within its known range, while other coins were still in a state of loss in terms of YTD performance. XRP Source: XRP/USD on...Read More
Electrum-based malware scam was once again highlighted by Whale Alert tracking service by drawing attention to a payment made to an address used by Electrum malware. According to the tweet, the payment involved 2.042 BTC worth about $32,876 at that time. 🚔 A payment of 2.042 #BTC (32,876 USD) was just made to a confirmed...Read More
Tezos, once a major altcoin threatening a position in the top 10, has been unable to take advantage of the recent bullish scenario. While the coin has dropped down to 18th in the market, its long-term charts failed to indicate a lot of positive momentum. While its recent Delphi upgrade reduced smart contract gas fees...Read More
Hacked crypto exchange Cryptopia’s assigned liquidator, Grant Thornton New Zealand shared a follow-up update for Cryptopia account holders stating that “due to an error” by court staff at the Christchurch High Court, certain customer data “had been provided to an unauthorized third party.” The liquidators believed that this third party could try to use this...Read More
There are quite a few unfortunate stories of people that lost their Bitcoin forever as a result of using questionable means of storing their crypto. A notable example being James Howell, who lost $127 million worth of Bitcoin in 2017 and was unable to reclaim it. According to a report, Howell mistakenly placed the drive...Read More
Despite Bitcoin’s share of the market holding steady over the last few weeks, the world’s largest cryptocurrency’s price movement, owing to high correlation stats, continues to exert a lot of influence on the movement of other cryptos. The same was highlighted by the price performances of Tezos and STEEM. However, the same wasn’t evident when...Read More
Founder and CEO of Galaxy Digital, Michael Novogratz announced today that the firm’s OTC Trading business has had its best quarter yet. The CEO said: We’ve taken several key steps forward in the second half of 2020, including making critical senior hires, expanding our capital base, and completing strategic actions to position Galaxy Digital for...Read More
The field of decentralized finance [DeFi] has provided many investors with great returns. One of the projects that enabled users to reap substantial gains was yearn.finance [YFI], created by Andre Cronje. The creator has been actively involved in creating new projects, but not necessarily completed project. DeFi was noting a period of consolidation until recently...Read More
Bitcoin’s correlation with gold has inspired many narratives over the past eight weeks. However, the correlation may be deeper than popular opinion. The halving mechanism that is coded in the asset itself, drives its shortage of supply and reduces mining rewards in half every four years. Why is the chosen number of years, specifically four?...Read More
Michael Sonnenshein, Managing Director at Grayscale Investments said in a tweet today that the Grayscale team has raked in over $115 million in bitcoin alone. The exec also pointed out that this amount came to Grayscale all in a day, yesterday, on 12 November. According to the tweet: the @Grayscale team raked in over $115...Read More
For many, Bitcoin is more than just a cryptocurrency. For most, Bitcoin is THE cryptocurrency. Why is this so? Well, there are many reasons, but the primary reason usually given by proponents is that it is the world’s biggest and its oldest. Fair enough, but is that all there is to that? Well, not quite,...Read More
Bitcoin’s performance over the past few days has had a significant impact on the rest of the crypto-market. While the collective market cap surged, individual tokens on the charts prospered as well. However, this wasn’t the case universally as quite a few cryptocurrencies chose to move in the opposite direction. The cases of Monero, Ethereum...Read More
Following the payment protocol – Ripple’s recent launch of its new beta service – dubbed Line of Credit, Ripple could now be working towards introducing a new product. One Twitter user and a dedicated XRP fan found that Ripple has registered a trademark for what could be its new product called “PayString.” The mark consists...Read More
Offering a high-level summary of progress, Goguen and Cardano project managers, Dimitris Poulopoulos and Volodymyr Hulchenko stated that things were progressing well. Last month’s Cardano update involved a live demo of the ERC-20 convertor and Charles Hoskinson describing the Native Asset Standard as a way of treating tokens on Cardano as ‘first-class citizens’. It seems...Read More
In September, Binance had released Launchpool service which enabled users to acquire new tokens in return for staking Binance coin [BNB], Binance USD [BUSD], and other tokens. The exchange has been adding projects to this list and the newest addition has been the Unifi protocol. On 13 November, Binance announced the listing of Unifi’s global...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Polkadot short-term market and its impact on the price. Polkadot has been gaining much attention from the crypto community, ever since its launch. Even though Bitcoin has been reaching new highs, the coin has been consolidating in the market over...Read More
Following a period of sideways movement under the $11,000-mark in the month of September, Bitcoin’s price has risen dramatically on the charts. In fact, while October saw the cryptocurrency surge, November has seen BTC touch levels unseen since January 2018. Source: CoinStats Bitcoin’s performance has had a ripple effect on the rest of the crypto-market,...Read More
Major crypto exchange BitMEX today announced its partnership with Eventus Systems, a software and compliance firm, which would allow the platform to “bolster” its Anti Money Laundering (AML) and trade surveillance monitoring. According to the announcement the firm said: Through integrating the Eventus Validus technology into our existing trade surveillance and AML processes, we will...Read More
The state electric company of Carabobo, one of Venezuela’s 23 states, has reportedly disconnected bitcoin and cryptocurrency mining equipment across the region. According to an anonymous crypto miner, the state electric company, Corpoelec did this in compliance with “superior orders.” The miner told a local news company that over the weekend Corpoelec had indeed shut...Read More
Akropolis has reportedly come under attack, with hackers draining the DeFi protocol’s savings pool to the tune of $2 million in DAI stablecoin. In a tweet published on 12 November Akropolis stated: We recently identified a hack executed across a body of smart contracts in the “savings pools” that have been audited twice. We are...Read More
Bitcoin’s [BTC] price recorded its 2020 high of $16,177 today, on the 12th of November. Even though the cryptocurrency’s price had dropped under $16k at press time, the derivatives market has been underlining the active nature of the traders who are aiming for a higher price as 2020’s Q4 culminates. As the value of Bitcoin...Read More
DeFi’s growth this year has been staggering. Towards the start of the year, DeFi’s total value locked (TVL) had managed to hit the $1 billion mark. However, over the next 9 months, DeFi’s TVL jumped to $13.5 billion. Interestingly, the past month saw the DeFi hype slightly die down, and during the course of October,...Read More
American-Israeli cybersecurity firm Check Point published a follow-up article that revealed the origin of Bitcoin ransomware that attacked several companies in Israel in the last couple of weeks. Check Point researchers partnered with Whitestream – a blockchain intelligence firm to scrutinize wallet addresses left in ransomware notes that helped them trace the ransoms to Excoino,...Read More
