Cryptocurrency exchange OKEx has shared an update today again declaring that its users were safe and that it would resume trading from 12:00 pm UTC onwards for certain fiat pairs such as CNY, INR and VND. It further added that the exchange will be reactivating its ‘Buy Crypto’ fiat gateway at the aforementioned time. However,...Read More
While Bitcoin hit $12,000 and went beyond it on October 20, this surge has more to it than meets the eye. In essence, this is bullish for bitcoin and there are several reasons to quantify that. Bitcoin technical levels For long, bitcoin has wandered the $9,000, $10,000 levels, failing to successfully break these levels. However,...Read More
XRP hasn’t been able to rally behind Bitcoin over the past week but the altcoin has kept pace in the short-term trend. Currently breaking above immediate resistance at $0.244, XRP is looking to enter an important transition range at the present moment, which may direct the imminent short-term market. XRP is currently valued at $0.249...Read More
“A portfolio built completely with cryptocurrencies” – to a traditional portfolio manager, is a nightmare in terms of risk and drawdowns. However, to a person that has been in crypto over the last 3-4 years, this seems like a cakewalk. While the traditional portfolio does include Emerging Markets, that, in a way, is similar to...Read More
As governments across the world stipulate the launch of CBDCs, crypto Twitter is exploding with chatter about the bullish sentiment in Bitcoin. While the launch of a CBDCs is exciting, given that they are digital currencies, the fundamental difference is the centralization. In an interesting thread on Crypto Twitter, Global Macro Investor Raoul Pal commented...Read More
EOS, like many altcoins, saw a considerable surge yesterday following in bitcoin’s footsteps. This copy-surge must come to an end and soon it will, especially considering how both EOS and BTC’s price is developing right now. Overall, the short-term scenario for EOS looks bearish and this is not the right time to FOMO-in on either...Read More
The feud between Bitcoin and Ethereum is a long-standing one. ‘Feud’ isn’t exactly the right word for it. Perhaps, the communities have fought over which is the superior coin for quite some time. However, comparing BTC and ETH is like comparing apples to oranges, while both may be fruits, both are different and alike in...Read More
As Bitcoin closed above $12,000 once more, it was pertinent to ask if the altcoin market would follow. Would traders sell altcoins to follow Bitcoin’s gains? The rising Bitcoin Dominance suggested, yes. Bitcoin SV formed a bullish divergence and made gains in the past few hours, while Stellar Lumens witnessed strong buying volume. Dogecoin was...Read More
Bitcoin shot past $12k and was trading at $12,239 at press time. Crypto Fear and Greed Index stood at 61, indicating growing greed in the market. Bitcoin Dominance rose to 61.75, as Ethereum posted gains and approached a strong level of resistance. Selling pressure did not relent on Tron while Basic Attention Token showed a...Read More
Blockchain research and development startup IOHK, and Ethereum Classic Cooperative today announced a collaboration to provide ETC community with solutions that aimed to improve security of the network, especially after ETC had been 51% attacked three times already. In a release shared with AMBCrypto on Tuesday, the two entities analyzed the vulnerability of the ETC...Read More
Despite an uptrend witnessed during the morning session and gains recorded by Bitcoin, the cryptocurrency market sustained heavy losses as most of the digital assets were painted in red towards the day’s end. Chainlink was down by almost 4.5% at press time with the digital asset seen hovering just above its immediate support level. The...Read More
Bitcoin surged to touch $11,800 and Crypto Fear and Greed Index stood at 56. A positive correlation with gold and S&P500 could drag Bitcoin down in the coming weeks, due to uncertainty in the economy and the upcoming US elections. Cardano hinted it was in a period of low volatility while Zcash and DigiByte have...Read More
New research about Russia’s retail investment market indicates a prevalence of investment in cryptocurrencies and has ranked crypto as the fifth most popular investment asset, after savings accounts, foreign currencies, real estate, and life insurance. With a quarter of Russia’s investments being carried out online, cryptocurrencies led the way with nearly 80% which were being...Read More
At press time, Bitcoin Cash was slightly down compared to the previous day by close to a percent, coinciding with weakening buying pressure in the digital asset. The Bitcoin cash market could thus be expected to record losses for a few more trading sessions until the bulls manage to solidify the buying momentum. Further down...Read More
Despite its 10% gain over the day and being a top-performing asset, the bull market in DASH was likely to turn around soon, as key technical indicators hinted towards a price correction. Binance Coin noted some bearishness on the charts, while also maintaining the possibility of a positive price reversal. Tezos, on the other hand,...Read More
“Ethereum 2.0 phase 0 to be launched at the end of 2019. . . .January 2020. . . .July 2020. . .September 2020. . .November 2020?” The digital asset class has created a very unique community over the years. While a person would rarely hear another one promoting investments in Gold, Silver, or whatnot, proponents...Read More
Crypto.com Coin was already in a strong wave of selling pressure before Bitcoin’s recent break toward $12,000 further pulled capital out of the altcoin market. At press time the king coin was trading at $11,766 with a 24-hour trading volume of $132.6 billion. Source: CoinStats FTX Token faced a critical resistance it has been unable...Read More
Investing can be a daunting task, be it a newbie or an experienced investor. This involves selecting different assets that gel well with each other and return a good profit. An extension of investing is creating and maintaining portfolios. What makes a portfolio? Creating a portfolio is the opposite of putting all your eggs in...Read More
Bitcoin was trading at $11,899 at press time, and Bitcoin Dominance was rising alongside. This generally spells trouble for the altcoin market. Bitcoin SV dropped beneath a range it was trading within for the past couple of weeks, and Compound continued to tumble. BitTorrent appeared to be making some gains but fell beneath trendline support....Read More
German politician Burkhard Balz who is a member of the German central bank’s executive board said in a speech today that the decision to launch the digital currency was politically motivated. The official’s stance on the digital currency contradicts the European Central Bank’s intentions to launch a CBDC. In recent events, plans to launch digital...Read More
Sadyr Japarov, Acting President of the central Asian nation Kyrgyzstan, offered the nation’s election commission to use blockchain technology to streamline elections in the country. In an interview with Al-Jazeera, Japarov believed that only blockchain tech would make way for “fair” presidential and parliamentary elections. Until recently, the newly appointed President and Prime Minister was...Read More
By this point in 2020, Bitcoin’s investment thesis needs no retelling. But for the uninitiated, here’s a quick summary. With central banks printing money like there’s no tomorrow, and riling up liquidity, any asset which has value, is limited and can be used as currency, benefits. Case in point, Bitcoin. Since the beginning of the...Read More
The world’s largest altcoin Ethereum was once again moving up and was priced around the $375 mark. Ethereum could soon move towards a more neutral to bullish phase soon. Stellar Lumens also maintained bullishness while Dogecoin although on an uptrend for the day, was more likely to continue with its price consolidation.Ethereum [ETH] Source: ETH/USD...Read More
Bitcoin broke convincingly past $11,500 to touch $11,800 as it continued to set higher lows. Unfortunately for the altcoin markets, Bitcoin Dominance was on the rise as well. It stood at 60.73 at press time, and indicated that capital in the crypto sphere was flowing into BTC to follow any further gains the king could...Read More
In what is said to be a targeted attack at cryptocurrency users, hackers have exploited the Signaling System 7 (SS7) which is a set of protocols used to perform telephone calls and text messages, to obtain cryptocurrency via this attack. A report stated that in September this year, hackers attacked 20 users of an Israel based...Read More
Bitcoin, Gold, and the S&P500 have collectively shared the center stage when it comes to market movement in 2020. While the crypto-asset has periodically taken sides, at the moment, Bitcoin is more correlated with the traditional stock market. Source: Skew Source: Skew When comparing recent Skew charts of Bitcoin’s relationship with Gold and the S&P...Read More
Much BTC vs fiat fun was had after self-claimed Bitcoin pioneer and podcaster, Max Keiser, took to Twitter to make another impassioned case for Bitcoin to gold advocate Peter Schiff, chairman of Schiffgold. Keiser claimed that crypto karma had gotten the better of Schiff for “trash talking” about Bitcoin. The BTC evangelist said that had...Read More
Ben Edington, a developer associated with ETH 2.0 at Consensys, recently updated the community about a few “breaking changes,” with respect to the series running on the Medalla testnet. Reportedly, a few configuration parameters have been changed. A previously noted pain point was the genesis delay. This has now been changed to one week, meaning...Read More
Amid talks of forking Filecoin because of miner unrest, Juan Benet, the entrepreneur behind the decentralized storage network, dismissed the claims and said their storage network was “just fine.” In a tweet, Benet called the miner strike “nonsense” and that there has been no “power loss” as such on the network. Benet said in a...Read More
Ethereum 2.0 is still in the works after many delays. And yet, it is still receiving a lot of praise from the likes of CFTC Chairman Heath Tarbert. While the ETH community is stoked about this, others have critiqued ETH’s timeline to deliver ETH 2.0. At press time, there were many ETH competitors, but none...Read More
