Major crypto exchange Coinbase announced today that its customers in the US can now join a waitlist to acquire a Coinbase Card – which is a Visa debit card – that allows its customers to spend crypto for payments and purchases online and in-store -anywhere that Visa is accepted. The Coinbase Card which is already...Read More
Grayscale’s recent Bitcoin Investor study has been painting a good picture for Bitcoin in terms of adoption. More than half [55%] of the United States investors were interested in Bitcoin investment products in 2020, compared to 36% observed in 2019. Major reasons for this boost have been the pandemic pushing people to sought to new...Read More
Crypto Fear and Greed Index showed a value of 70 as Bitcoin saw bullishness prevail both on the charts and on social media posts. Litecoin rose past resistance at $58.6 but showed a bearish divergence that could see a minor pullback for the asset. Tron was trading within a range and showed no signs yet...Read More
New York-based regulated cryptocurrency exchange Gemini announced today that it will now allow its users to buy and trade all available cryptos with euros on its mobile and website: Crypto is going Global. @Gemini now supports Euro ($EUR) 🇪🇺 deposits and trading as well as Great British Pound ($GBP) 🇬🇧 deposits and trading across all...Read More
Andreessen Horowitz the venture capital firm founded by Marc Andreessen and Ben Horowitz today announced its newest operating partner – (former) chief regulatory officer of the New York Stock Exchange, Anthony Albanese. The NYSE executive who has been working with regulators at the state, federal, and international levels since 2016 will be advising a16z’s crypto...Read More
Bitcoin’s identity is myriad; it is a store of value, uncorrelated asset, safe haven, etc. For each of these terms, there is a story and reason behind it. For now, let’s focus on it being an uncorrelated asset and a store of value. In the previous article, we’ve explained why bitcoin is largely a retail-driven...Read More
Although bitcoin hit $13,800, it seems like altcoins didn’t share the enthusiasm, as most coins including Polkadot, saw a decline. Perhaps, this rally was centralized to bitcoin and very few altcoins, and Dot wasn’t among them. Source: DOTUSD TradingView At press time, Dot is trading at $4.601 and is in the top 10 list of...Read More
From Microstrategy’s $500 Million investment in Bitcoin to PayPal’s integration of crypto, in the past three months, we have seen it all. November 2020 is unlike any month since 2018. Bitcoin is trading above $13k and the top 10 altcoins have gained 10-12% in the past week. Additionally, BTC, ETH, and USDT reserves are the...Read More
Bitcoin SV made a strong move upward alongside Bitcoin and exhibited a bullish divergence that could see BSV break beyond a level of resistance. At press time Bitcoin was being traded at $13,643 with a trading volume of $291.9 billion. Source: CoinStats Dash saw a steady stream of selling volume on the asset and registered...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. While most of the cryptocurrency market was witnessing an upswing in the price movement, Bitcoin Cash was noting a downward trajectory on 26 October. The increase in selling pressure pushed...Read More
On 28 October, SBI Holdings announced that Ripple Labs Inc’s decision to invest in Money Tap Co., Ltd, a subsidiary of SBI Holdings. The details of the nature of investment have not been made public, but through this partnership, Money Tap will develop new functions and services which will include “small-amount collection service and corporate...Read More
Bitcoin rose past $13,700 and some altcoins showed promise as well. Polkadot was trading in a strong uptrend in the past few days and faced a minor pullback. Tezos was caught in the grip of bears once more while Zcash was trading above important levels of support but trending lower. Polkadot [DOT] Source: DOT/USDT on...Read More
Huobi global expanded support for Visa and Mastercard credit and debit cards which will allow its users to make transactions on the platform itself without being redirected to a third-party portal, according to a release shared with AMBCrypto today. The new payment service is being provided by Huobi Technology, a regulated DLT firm by the...Read More
It seems the hacked funds from cryptocurrency exchange KuCoin will continue to grab attention, as the culprits involved have been trying to move the stolen crypto again. The crypto and blockchain tracking service Whale Alert published a tweet today indicating that 807 BTC (worth about $10,840,727 at the time of the transfer) of stolen funds...Read More
Bearishness after a shift from the upward rallies of last week was the highlight of the trading charts at press time. Bitcoin SV and Maker after facing rejection at important resistance levels, managed to display a recovery, but strong selling pressures persisted for the two alts. The bear market for DASH, however, they might still...Read More
At the time of writing while bearishness on the charts from the morning lows was visible, price recovery attempts towards the second half had also started. The bearish sentiment in EOS quickly turned into a strong price recovery move, with EOS bulls regaining control of the short-term market. Algorand’s recovery still not as strong, but...Read More
Crypto Fear and Greed Index dropped from 75 to 61 as Bitcoin was quite volatile the previous day, going as high as $13,250 and dropping to as low as $12,785. This could have spooked some traders and shifted sentiment from euphoria to a little less ecstatic. Binance Coin posted strong gains. IOTA exhibited a bearish...Read More
Director of US Security and Exchange Commission’s Division of Corporation Finance, William (Bill) Hinman has decided to leave SEC later this year, according to the agency’s notice published today. After joining SEC in 2017, Hinman has so far led SEC’s early work with digital assets, initial coin offering (ICO), and contributed to providing evaluations whether...Read More
A pullback from the red zone for Crytpto.com Coin (CRO) and Tezos suggested that a strong reversal cannot be ruled out for the two alts, as they attempted to retrace gains from the previous week. While technical indicators for the Tezos and CRO market underlined bullish sentiments, a strong descent to the downside was visible...Read More
With the latest updates, of Digital Yuan’s testing and launch, and the US Presidential elections coming closer, retail traders’ attention is now on Bitcoin. In the previous price rallies, the trend was that Bitcoin led the altcoins, and ETH, XRP, and other altcoins from the top 10, based on market capitalization, followed closely. However, this...Read More
News of PayPal entering the crypto space was greeted with joy, but cynics were quick to point out that the Bitcoin Network might ultimately lose value if large chunks of BTC were concentrated in the hands of a few entities, although this could be unlikely to occur. At press time, Bitcoin held $13,000 despite a...Read More
INX Limited has today announced that it will acquire the Chicago-based Openfinance Securities, a broker-dealer that recently launched a digital securities trading platform. Subject to regulatory approvals, and other conditions, INX said it would acquire Openfinance’s business as well which includes its systems, digital asset listings, client base, and licenses, according to a release shared...Read More
A spike in selling pressure followed by a sudden price recovery was witnessed in the Cardano market, as volatility levels remained quite high. Monero was seen rising on its trading charts with the digital asset maintaining a bullish stance for the short-term period. Zcash dropping back to its support level, at press time continued to...Read More
Digital currency Asset Manager Grayscale Investments’ latest ‘Bitcoin Investor Study’ found in its survey that more than half (55%) of its US-based respondents are interested in investing in bitcoin in 2020 and that nearly half of those surveyed predicted that digital currencies were heading for mainstream adoption by the end of this decade. In fact,...Read More
In the prequel to this article we tried building a simple Bitcoin buying strategy, and in this post, we attempt to scale it further. But before that, let’s recap. Our strategy entailed only buying Bitcoin based on one trigger, the 200-day moving average (DMA). If the daily trading price crossed over the 200 DMA, we’d...Read More
Retail network of BTC ATMs, LibertyX will now allow consumers to sell bitcoin for cash from thousands of their local ATMs in the U.S., it announced. In the past six years, LibertyX said it has allowed users to buy bitcoin at 5,000 ATMs and 20,000 chain store locations in the U.S. LibertyX CEO and co-founder...Read More
From dissing Bitcoin, to launching its own cryptocurrency in the form of JPM coin, JPMorgan has been an example of Institutional acceptance of crypto. Now, after more than a year since the launch of its JPM coin, the crypto is live and used by a major transactional tech firm for cross-border payment. The blockchain and...Read More
Central Bank Digital Currencies may take months to materialize in the US, the European Union, or Japan, however, the People’s Bank of China is eager to gain a first-mover advantage here. On Friday, as a part of the fast track digitization of the Yuan, the PBOC published draft legislation to turn the digital Yuan into...Read More
The wave of crypto adoption has been forming and DBS Bank, Singapore’s largest bank has decided to participate in it. On 27 October the bank announced the launch of its “DBS Digital Exchange”, which now appears to have been deleted. However, this announcement was captured by many through screenshots and has been circulated far and...Read More
Although Cardano made its way into the top-10 assets yet again, competition from Bitcoin SV remains active and ADA itself continued to exhibit extreme uncertainty. Without a clear direction in the charts, ADA is struggling to manifest a clear trend in the industry. With a market cap of $3.22 billion, ADA’s value depleted by 2.07...Read More
