A fully owned subsidiary of the private Russia-based Gazprombank (JSC) bank announced that it has received authorization from the Swiss Financial Market Supervisory Authority (FINMA) to provide cryptocurrency custody services as well as trading between crypto and fiat currencies to its corporate and institutional clients. Gazprombank said it would first provide these crypto-focused services to...Read More
Displaying a bearish scenario Chainlink was seen diving below its short- term period moving averages, on its trading chart. Tezos (XTZ) too continued to remain bearish, with a hint of weakening selling pressure for the XTZ market Dogecoin while maintaining a bearish sentiment over the past few days, reflected a flat price movement on its trading...Read More
Binance has announced the issuance of wrapped tokens on Ethereum through its Token Canal program. According to the announcement the first batch of tokens to be wrapped into ERC20 tokens on Ethereum will be Bitcoin [BTC], Polkadot [DOT], Filecoin [FIL], and WazirX [WRX]. “BTC, DOT, FIL and WRX will be the first batch of tokens...Read More
Recording a massive single-day drop, investors woke up to a bloodbath in the Synthetix market. At press time the digital asset recorded a loss of almost 20% Monero was displaying weakness in its buying momentum, as its technical indicators remained fairly bearish. XRP too noted the possibility of a downtrend, post its recent losses, as it...Read More
According to reports, the Chinese technology giant, Huawei has launched a smartphone that has a built-in hardware wallet for China’s Central Bank Digital Currency (CBDC). In a recent press conference, Yu Chengdong, Huawei’s CEO for the consumer business group, said that Mate 40 is the first smartphone that enables a hardware wallet for China’s digital...Read More
BitMEX has been paying special attention to its clients’ needs as it added more coins to its list of derivatives products. It started expanded its list of Quanto Futures in 2020 with the addition of ETHUSD Quanto Futures back in April, and ever since, other altcoins like Chainlink [LINK] and Tezos [XTZ] have managed to...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Ethereum short-term market and its impact on the price. The price of Bitcoin has been forming consecutive crests and troughs, which has been mirrored even in the altcoin market. Ethereum, the second-largest altcoin has also been witnessing its price falter,...Read More
Cardano just released the Goguen Roadmap, with most parts scheduled for delivery at the end of February 2021. Source: October Cardano monthly update With the rollout of Goguen, Cardano is becoming a smart contract platform. There is a shift from focusing on transactions alone to becoming a utility platform for partnerships, enterprises, and commercial applications...Read More
Basing its allegations on a “leaked document,” Forbes published a report today that claimed major crypto exchange Binance was “intentionally” deceiving US regulators. The report stated that: Binance Holdings Limited, the world’s largest cryptocurrency exchange conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the...Read More
Governor of Bank of Canada, Tiff Macklem revealed today that the central bank was working with its G7 partners towards its own digital currency. The Governor also highlighted a need for a “globally coordinated” approach to developing CBDCs in order to keep criminals away from using such tools. Earlier this month, a group of seven...Read More
Managing to work through the market-wide sell-off today, most altcoins recorded some losses on their trading charts, with Bitcoin too trying to stay just above the $13,100 level at press time. Litecoin was witnessing selling pressure, that pushed the digital asset beneath two of its short-term-period moving averages. Following the negative sentiment, IOTA too remained...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Cardano long-term market and its impact on the price. Cardano developers have been working relentlessly towards their decentralization goal and released the updated version of its Daedalus wallet today. The digital asset was experiencing an upwards rally before the trend...Read More
Chainlink for long had been consolidating on the charts but has now finally broken into a bearish trend for the day. The digital asset was likely to be bearish in the short-term period. Tezos too was registering a strong bearish momentum, with the digital asset recording nearly 6% in losses for the past three days....Read More
A Chinese court in the city of Yancheng denied an appeal made by four convicts behind the $1.1 billion WoToken Ponzi scheme according to a court ruling published. The judgment stands that these convicts will be sentenced to prison for a duration between 2.5 and 8.8 years. Chinese law enforcement has also seized illegal proceeds...Read More
Bitcoin equaled its 2019 highs by retesting $13,880 over the past 24-hours. While most of the market is currently rejoicing Bitcoin‘s current price of $13,000-$14,000, there might be a little bit of unrest between CME Futures and Options traders. A bullish trend can never be bad for the derivatives market but at the moment, CME...Read More
After cryptocurrency exchange Binance said that it would fund 5 DeFi projects, the firm has announced today that it will now be funding the second batch of blockchain projects as part of its $100 million accelerator fund, which was launched in September this year. Altogether, the fund now supports 11 projects that will build on...Read More
Bitcoin Cash, Tron, and Basic Attention Token all registered a brief price correction on the charts during the day’s trading session. While Bitcoin Cash noted some bullish weakness, Basic Attention Token signaled a dip in its volatility with Tron also maintaining its sideways movement. These gave early signs of a continued price consolidation possibility for the...Read More
Fidelity Digital Asset Services (FDAS), the crypto subsidiary of asset manager Fidelity Investments partnered with the regulated Singapore-based investment manager, Stack Funds, to facilitate the increasing demand in cryptocurrencies among Asian investors with Stack Funds providing its clients with access to custody services at FDAS. Stating that this new partnership would help the company understand...Read More
While Altcoins are struggling to improve by a buck, Bitcoin registered its new 2020 high recently. Leading a serious sense of awakening in the space, the developments elsewhere have been instrumental as well. However, keeping price out of the picture, Bitcoin’s demand is now improving in a multi-directional facet, here’s how. Investment Demand and Fundamental...Read More
Cardano had been working on the Daedalus wallet update 2.4.0 for a long time now and was working on the final stages of Trezor hardware wallet integration. After much work, the team has finally released the new Daedalus 2.4.0 which will continue to improve the Cardano delegation user experience. According to @InputOutputHK, the new update...Read More
Prominent cryptocurrency exchange Gemini announced its partnership with the tax compliance firm Taxbit on Thursday. This step was taken by the exchange to automate and optimize crypto tax reporting. According to the announcement: “When Tax Center Suite is fully implemented on Gemini, customers in the United States will be able to download a completed tax...Read More
The Bitcoin market after moving to its yearly-high of $13,864 had fallen under $13k on 28 October and has since bounced back. As Bitcoin traded at $13.2k, at press time, the outcome from the approaching BTC options expiry remains undecided. Source: BTC/USD on TradingView According to data provider Skew, over 62k Bitcoin options are set...Read More
Many cryptocurrency projects have been working on financial inclusion and Ethereum Classic recently announced a step towards it. On 28 October, ETC labs and ChainSafe Systems announced the launch of a new bridge between Ethereum [ETH] and Ethereum Classic [ETC], with a focus on bridging the Dai stabelcoin to ETC. According to the announcement: “This...Read More
Benchmark indices in the Asian markets as well as on Wall Street fell sharply overnight, strongly influencing the bearish market outlook witnessed on the trading charts even for some digital assets today. Barring Bitcoin Cash, all the top ten digital currencies were trading in the red zone. Ethereum and Stellar Lumens recorded over 2.5% in...Read More
A tweet by the VP of Futures at Binance, Aaron Gong, addressed an apparent attack on the liquidity of USDETH Perpetual Futures. Source: Twitter As per the tweet by Gong, Binance believes this to be ‘intentional sabotage’ from a competitor and stated that, “This happened on ETHUSD Perp futures. It was caused by one trader,...Read More
Bearish momentum in the market was clearly visible on the trading charts of Binance Coin, Cosmos and Basic Attention Token. Binance Coin and Cosmos, ahead of a major downward move, were attempting to retrace some gains at press time, however an overall bearish scenario was maintained for both the alts. In the case of Basic...Read More
Registering poor daily returns, both Ontology and Maker’s valuation were down by almost 3% since yesterday. This happened despite, Bitcoin recording appreciable gains on its daily charts. Given a strong price correlation with Bitcoin Cash (BCH), Bitcoin’s price rise indeed helped in warding off a strong selling pressure for BCH. The digital asset was poised...Read More
Most digital assets recorded negative gains on their daily charts today, as the bears controlled the market. Chainlink and FTX Token remained just above their key support levels following a strong sell-off witnessed on the trading charts. IOTA too remained bearish and was in for another possible downward price action over the upcoming trading sessions....Read More
Founder and CEO of business intelligence firm MicroStrategy, Michael Saylor said in a tweet today that he personally holds 17,732 BTC which he bought at $9,882 each on average. In addition to declaring his personal BTC haul, Saylor said that he had informed MicroStrategy about his personal BTC investment before the company decided to buy...Read More
Bitcoin Dominance rose to 63 and Bitcoin was trading at $13,676 at press time. The altcoin market was registering some losses for the day, but a pullback on Bitcoin could see the red for other assets in the crypto space in the coming days. EOS exhibited a bearish divergence, and Stellar Lumens appeared to be...Read More
