Bitcoin touched $11,726 hours after the Governor of the Bank of England stated that it was hard to see Bitcoin have “intrinsic value”, although he conceded it might have extrinsic value. Source: CoinStats The bullishness of Bitcoin as it set higher lows in recent days could propel the altcoin market upward. Polkadot lacked the momentum...Read More
Although there was some trouble at the beginning of October, Chainlink [LINK] managed to pick up the pace and witness a 14.87% growth till now. The digital asset given its low correlation with Bitcoin [BTC] was noting strong growth throughout the year, posing as an altcoin-alternative to make a profit and hedge the losses occurring...Read More
Bank of England Governor, Andrew Bailey, has yet again dismissed the premium cryptocurrency, Bitcoin. He stated that he found it hard to see how Bitcoin had any intrinsic value. On Monday, the Bank of England held a question and answer session with members of the public, during which Governor Bailey made a statement: I have...Read More
Bitcoin’s price has gained by 7.33% in the last 7 days. With this kind of momentum building up, Open Interest on derivatives exchanges is up too. However, that’s not the only interesting bit. In fact, while aggregate Open Interest on derivatives exchanges is up by 18%, on Huobi, it is up by 250% over the...Read More
Cybercrime gangs have stolen over to $22 million from users who use the Electrum Bitcoin wallets via a fake app update scam according to an investigation. The criminals later transferred the stolen funds to multiple Bitcoin accounts which now contain 1,980 bitcoin. Much of these funds were stolen in one single incident in August, after...Read More
Privacy coins like Monero, Dash, ZCash have all noted an interesting surge over the last 24 hours. A surge, that for all intents and purposes, can be traced to the Department of Justice’s latest memo. The memo in question spoke about adding a backdoor to everything digital so that government authorities/law enforcement agencies with appropriate...Read More
Tron could be set to continue its downtrend on its charts, despite the fact that the sentiment around many altcoins appeared to shift to the bullish side. The Crypto Fear and Greed Index noted a neutral reading of 52 at press time, compared to the previous day’s ‘greedy’ value of 55. Further, while Algorand looked...Read More
It was only last week that Ripple’s co-founder Chris Larsen said that Ripple may consider relocating to other countries citing the lack of regulatory clarity in the United States. Following which, CEO of Ripple, Brad Garlinghouse shared his opinions today regarding the need for regulatory clarity. In a Twitter thread, Garlinghouse emphasized (again) a possibility...Read More
The 2020 market crash was godsent for the likes of Bitcoin and gold. These ‘safe-haven’ assets surged under the spotlight, climbing to record highs as stock markets and long-term treasury bonds both collapsed and countries reacted by slashing interest rates. The main reasons for buying these assets were immediately enhanced, and the price reacted as...Read More
When Bitcoin’s price action gets hotter, altcoins start rallying towards double-digit growth on their charts. That’s not exactly a guess either, as this insight can be gained from previous altcoin rallies. Now, consider the opposite for a second. What if the narrative was flipped on its head and this time, the altcoins pumped well before...Read More
Chainlink‘s bulls have been successful in pushing the crypto-asset past the important level at $10.5, and more gains could be in store for LINK. Further down the crypto-ladder, Augur was another coin backed by strong buyer interest while FTT Token broke to the upside of the longer-term trendline resistance. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
A recent survey, a survey that claimed to be the “largest and most comprehensive XRP poll ever conducted,” has come out with quite a few interesting observations, findings that have been welcomed by many in the community with a degree of bemusement. For starters, one of the more startling findings was that 1/3rd of the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Ethereum seems to be following Bitcoin’s footsteps like a disciple, mirroring every single one of the world’s largest cryptocurrency’s ‘up and down’ movements. Although unsurprising, this can help predict ETH’s moves. The following article...Read More
The deputy governor of the People’s Bank of China (PBOC), Chen Yulu, called for speeding up the process of launching China’s digital currency, the e-yuan, and to make CBDC part of an “independent” financial infrastructure in the digital era, according to a report in the South China Morning Post. In an article published in the...Read More
Elliptic, the crypto-asset risk management and blockchain analytics platform, announced today that the Singapore dollar-backed stablecoin, XSGD, has been added to its crypto-risk monitoring solutions to assure compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations. This announcement comes following the public release of StraitsX – the first Travel Rule-compliant stablecoin,...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin SV, like many altcoins in the market, was undergoing a consolidation on the charts after a recent surge of 10-12%. Unlike many, BSV‘s charts pointed to a bullish consolidation pattern over a long-term...Read More
CEO of IOHK Charles Hoskinson, in a recently concluded surprise AMA, addressed viewers and provided the community with important updates on the much-anticipated Goguen Roadmap which will reportedly be released on 29 October. According to Hoskinson, Goguen will be released in a series of updates and hard fork events, each of which will add another...Read More
Bitcoin’s latest pump towards $11,500 changed the outlook of many altcoins from bearish to neutral or bullish. While Cardano bounced strongly off a level of support and formed a continuation pattern on the charts, Compound moved above its long-term descending trendline, although a rise in price was yet to take place with momentum. Waves, on...Read More
Bitfinex Derivatives today announced the launch of perpetual contracts for EOS, Litecoin, and Polkadot. According to a press release received by AMBCrypto, trading went live on Bitfinex on 12 October at 9:00 AM UTC. Under this offering, each contract will be promising users up to 100x leverage and will be settled in Tether (USDt). The...Read More
Bitcoin could be the investment of the decade. However, it still has significant hurdles to cross. A sustained breach of the $12,000-mark could usher in huge gains, pushing Bitcoin to new heights and altcoins with it. As far as some of the latter are concerned, in the near term, Stellar Lumens and Enjin were ready...Read More
The market cap of Bitcoin was $210 billion, at the time of writing. Would it be a long shot to say that Bitcoin will overtake Google [$1 trillion] and perhaps, even Apple [$2 trillion], in terms of market cap very soon? Well, probably not. A few years ago, the same idea would have seemed completely...Read More
When volatility is low and the market sentiment is neutral, copy trading may be the best bet for retail traders. Social trading platforms have been around for a while, however, they are even more relevant now. Consider this – Finance Illustrated recently released a list of the top traders on the social trading platform, eToro....Read More
The Crypto Fear and Greed Index stood at 55 on a day when Bitcoin bulls were attempting to push its price past $11,400. XRP showed signs of bullishness on the chart too, and interest from buyers in the crypto-asset could rise over the coming days as it also appeared to be on the verge of...Read More
Cardano noted a surge of over 12% in the last 48 hours, with ADA’s price chart picturing $0.0089 as its temporary bottom. At press time, however, the market was still deciding if this pump was an impulse wave or a fake pump. Should it turn out to be the latter, then we can expect the...Read More
Bitcoin Cash rose to test its resistance at $245, with the crypto expecting to note a minor pullback before another rise above its resistance. Synthetix Network Token was quite volatile in the short-term, but was likely to lose a strong level of support in the coming days. OKB was in a phase of consolidation and...Read More
Bitcoin registered a strong surge in price over the last few days, with the world’s largest crypto finally surpassing its $11k resistance to be valued at $11,363, at press time. However, the altcoin market too has been noting strong growth on the charts. Source: Coinstats Chainlink has been one of these alts, with LINK climbing...Read More
The altcoin market, in general, appeared to follow the movement of Bitcoin, with the latter trading at $11,348, at press time. Polkadot formed a bullish pattern and could break out to test the next level of resistance. EOS was in a short-term uptrend, but it was unclear if buyers’ interest would facilitate the coin’s recovery....Read More
In an official announcement earlier today, popular exchange KuCoin revealed that it will be launching USDT-Margined Polkadot (DOT) and EOS (EOS) Perpetual Futures at 16:00:00 on 12 October 2020 (UTC+8), supporting 1-50x leverage. Polkadot, an open-source project founded by the Web3 Foundation, is a sharded protocol that enables blockchain networks to operate together. After its...Read More
Bitcoin’s search results on Google are one of the hottest topics in the correlation narrative. You have for long read stories of Bitcoin’s correlation with gold, with the S&P 500, or specific tech stocks in particular – like Apple. However, this one is different because when you zoom out, it all starts blending in. In...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin has surged by 8% over the last 48 hours, a figure that is not really uncommon to a volatile asset like Bitcoin. However, the surge included 2-3% candles with consolidation separating them. At...Read More
