A case of better late than never, the altcoin market is finally rallying behind Bitcoin, and Litecoin is following suit. With Bitcoin consolidating above $15,000 for the first time in 2020, LTC was trying to find its feet in the market. While uncertainty might plague its immediate trend, in the long-term Litecoin might re-test its...Read More
As Bitcoin hit 2020’s ATH at nearly $15800, open interest on top derivatives exchanges like CME and Bakkt went up. On CME, where top institutions trade, the open interest increased by 16% to $933 Million. CME futures open interest and volume || Source: Skew Based on data from Skew, open interest has climbed up, however,...Read More
Bitcoin Cash has been preparing for a hard fork which may result in the formation of a new token. However, unlike Bitcoin, the BCH market had been moving downwards. This was something visible across most alts, as BTC value grew stronger, the same was not mirrored by the alts, as most of them remained under...Read More
Canada’s federal tax collection service, the Canada Revenue Agency (CRA) is asking a judge to force Toronto-based cryptocurrency exchange Coinsquare to hand over information and certain documents about all of the platform’s clients using the platform since early 2013. CRA intended to use this information to help fight against tax fraud and the underground economy....Read More
2020 has been a key year for Bitcoin. There have been key moments of highs and lows but the current market suggests that the digital asset might be saving its best period for the penultimate months. The price speaks for itself. BTC is valued above $15,000 as we speak, taking over major price range one...Read More
The altcoins have received a new lease on life, as the price of Bitcoin has surpassed $15k. This price has not been seen after the bull run observed in 2017/18, and as the largest asset tests new resistances, the altcoin market has also been marching. XRP Source: XRP/USD on TradingView The above one hour chart...Read More
Cryptocurrency exchange OKEx shared an update today stating that it has now hired an “external legal counsel” to help resume withdrawals it halted on 16 October, which had left many traders frustrated. In its 6 November, announcement OKEx said that it has even contacted some private key holders. Again declaring that its users’ funds were...Read More
Five months into the third halving and Bitcoin’s price has rallied 75%. Most of this can be attributed to the race to over $15000 in the past 24 hours. There was a 6.47% daily gain and this could possibly be termed parabolic. Hitting a high of $15000 did not even surprise most seasoned traders as...Read More
Ripple’s Q3 market report revealed that XRP’s average daily volume reported in Q3 was $403.58 million, a considerable increase from $196.28 million in Q2. Source: Q3 2020 XRP Markets Report This volume was inclusive of Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand. Regarding Ripple’s...Read More
The increasing value of Bitcoin [BTC] has given a nudge to many traders snoozing during the low volatility period. The coin’s current trading value of over $15K has enabled significant profits for BTC investors. As the cryptocurrency market retraced the 2017/18 journey, the P2P volumes appeared 66% lower than the peak noted during the previous...Read More
US Department of Justice announced on 5 November that it has filed a complaint to seize $1 billion worth of cryptocurrencies, in connection with the underground online marketplace Silk Road. In the document, DoJ revealed the seized funds included over 69,370 Bitcoin (BTC) and nearly equivalent amounts of Bitcoin Gold (BTG), BSV, and Bitcoin Cash...Read More
An analytics firm has claimed today they found an increasing number of reports from XRP holders who seem to be falling victim to a new scam. XRP Forensics published a tweet on 5 November that warned XRP community to “stay alert.” We [XRPlorer] also see an uptick in reports of stolen XRP as a result...Read More
Galaxy Digital founder Mike Novogratz told CNBC’s Squawk Box that the Rubicon in BTC adoption has been crossed, even as BTC prices ranged roughly between $ At time of writing, bitcoin prices were hovering above $15,000. This bull run could have been a result of recent events, during which, some leading corporate entities began investing...Read More
Bitcoin Cash is leading in the monthly returns category with a 5.99% surge, following it is FTX’s FTT with a -5.16% while ONT has suffered a lot with 34.54% drop since October 1. Let’s take a look at how these coins might perform in November. Bitcoin Cash [BCH] Source: BCHUSD TradingView The 4-hour chart showed...Read More
The decentralized finance [DeFi] space has managed to carve out its position in the crypto sphere. For the better part of the year, when the crypto market had remained restrained under heavy sell pressure and other global economic turnarounds, the DeFi projects acquired great interest and led to a DeFi hype. During this period Ethereum...Read More
US Department of Justice announced that it has seized $24 million in cryptocurrencies through a collaboration with the Brazilian federal police investigation pertaining to a cryptocurrency scam operation dubbed “Operation Egypto.” According to the DOJ notice, US law enforcement seized the crypto after the government of Brazil made a request for help with the aforementioned...Read More
Bitcoin SV registered a local bottom at $144 on 3rd November but since then the asset has rallied back above $150. Just like the rest of the altcoin market, BSV is struggling to rally behind Bitcoin but on the short-term chart, it may indicate a bullish move over the next few hours. At the moment,...Read More
Ethereum 2.0 is finally undertaking fundamental strides in the developmental direction. Through months of anticipation, delayed launches, online spats with other proponents (i.e BTC maximalists), deposit contract for ETH 2.0 was finally deployed by the community. The immediate effect of the announcement was emphatic. Reports suggested that $1 million worth of ETH was locked in...Read More
XRP, Dash, and Compound have all had a bad last month. XRP is down the least -2.94% while Dash is down -2.28% and Compound by -29.17%. This is obvious considering bitcoin’s stellar performance in the month of October, which has even outpaced the likes of FAANGs. XRP Source: XRPUSD TradingView XRP is still the fourth-largest...Read More
Bitcoin is currently trading around $14,500. The asset saw this particular price range back on January 8th, 2018, a whopping 1029 days back. Safe to say, these were unfamiliar trading provinces in the past three years. With Bitcoin building its rally step-step across the past month, the recent entry above $14k is currently creating a...Read More
In anticipation of the upcoming hard fork of Bitcoin Cash (BCH), Hardware wallet manufacturer, Trezor announced that it “will not be supporting any coin split that may result from it.” Our official announcement regarding Bitcoin Cash hard fork. Trezor will not be supporting any coin split that may result from it. Read the full statement...Read More
Bitcoin returns have been amazing without a doubt, but it has been touted as the most volatile asset. However, looking at how things have evolved over the last couple of years, we can say that bitcoin isn’t volatile, in fact, it is less volatile than FAANGs. Why institutions hate volatility? Institutions like their holdings [portfolio]...Read More
Out of Ethereum, Tezos, and Maker, only the king of altcoins has positive performance in the last month. ETH has seen a surge of 14.34% while XTZ and MKR are -15.76% and 8.49%. Let’s take a look at these coins individually and if they are bullish or bearish. Ethereum [ETH] Source: ETHUSD TradingView Ethereum 2.0...Read More
En + Group has entered the crypto mining space in a joint venture with bitcoin miner hosting provider BitRiver. Reportedly, the joint venture known as Bit + already saw its first phase of a bitcoin mining facility set up and running with over 10 megawatt-hours of capacity provided by En + The two partners plan...Read More
The journey of Bitcoin in 2020 has been pretty nail-biting. With the global events hitting the crypto market, many investors saw Bitcoin’s recovery and decided to include it as a part of their investment portfolio. BTC has been reporting a 86% returns to investors year-to-date, while this surge in volatility also returned many traders back...Read More
Percent Finance, a community-owned fork of Compound Finance, announced today that some of their money markets experienced an issue that could lead to permanent locking of users’ funds. Reportedly, close to $1 million worth of user funds on the platform are stuck in money market smart contracts. Source: Percent Finance on Medium The amount locked...Read More
Founder of crypto derivates exchange FTX, Sam Bankman-Fried, has made a contribution of $5.2 million to the campaign of U.S Democratic presidential candidate, Joe Biden. Data from OpenSecrets.org, noted this donation on their Top Contributers page, which lists the money that came from organization’s PACs, individual members, employees, and their immediate families. According to a...Read More
Major blockchain engineering company IOHK announced that it will sponsor the newly-created Haskell Foundation, which is dedicated to broadening adoption of the Haskell programming language. IOHK said it would donate $125,000 to the foundation which was launched at the Haskell eXchange virtual conference on 4 November. With this move, IOHK will be Haskell Foundation’s largest...Read More
The Crypto Fear and Greed Index actually showed a rise from 71 to 74 on the previous day as the US Presidential Election continued to progress with a winner not yet officially announced. Markets hate uncertainty, yet the bullish sentiment appeared stronger. On the charts, Chainlink continued to trend lower as it nestled above a...Read More
On 4 November 17:00 UTC, bitcoin crossed resistance at $14,100. Bitcoin has ranged between $13,545 and $14,223 in the last 24 hours, marking a new high for the year. Image Source: Trading View BTC was expected to face severe volatility since the US Presidential elections began, however, its price has been stable and is testing...Read More
