After witnessing buying sentiment as Q4 commenced, the bullish trend had suddenly become uncertain reversing the tide for several altcoins. Bitcoin Cash lost almost 4 % of its valuation since yesterday, signaling the short term period trended lower than the long term. While for IOTA and XTZ the effect of the crypto market bloodbath was more...Read More
Disclaimer: The following article attempts to analyze the impact of emerging patterns on the Ethereum short-term market and its price. The cryptocurrency market saw a sudden shakeup in terms of price on 1 October as the Commodity Futures Trading Commission [CFTC] and the Department of Justice charged BitMEX co-founders for violating regulations. Although BitMEX denied...Read More
October is off to an interesting start, as news of charges against BitMEX by the CFTC and DOJ come to light – with the arrest of Arthur Hayes and three co-owners of the BitMEX exchange. The exchange that handles over $1.5 billion of trades each day, has been charged by the CFTC for operating an...Read More
Several altcoins are closely treading along Bitcoin’s price movements, had witnessed a return of buying sentiment, pushing the price above key support levels during the last week of September. At press time Bitcoin was being traded at $10,860 after having noted a 1.1 percent hike in the past 24-hours. Source: CoinStats After a massive price...Read More
Even though Tether [USDT] had been the popular choice among cryptocurrencies with a large fraction of supply share, other stablecoins have all been witnessing growing prominence. Among these was Dai, created via the Maker Dao stablecoin system and USDC. Although the use of Dai was mainly limited to the Defi ecosystem it has been witnessing...Read More
The premier cryptocurrency was trading near $10,612 at the time of writing and is also representing a roughly 4% decline over the past 24 hours, according to data from trading view. Prices dropped by nearly $300 in just minutes, but have bounced slightly at the time of writing; but BTC price fell roughly by $500...Read More
Fueled by strong buying momentum all three altcoins Cardano, Monero and Ontology gave appreciable returns to their investors during the last 48 hours. Monero was poised for a fresh ATH in its bullish run, while Cardano and Ontology witnessed positive uptrends helping the digital assets with price recovery. Cardano [ADA] Source: ADA/USD on TradingView According...Read More
Scaling project SKALE Network, which aimed to ease traffic and lower transaction costs on the Ethereum blockchain, today announced the launch of its Phase 2 mainnet according to a release emailed to AMBCrypto. The mainnet has an estimated capacity of over 1,000 decentralized elastic SKALE chains, each with a throughput of the entire ETH Blockchain...Read More
Bitcoin, defi, or crypto in general, is a very volatile market. Depending on how acquainted one is with the market, there are opportunities to make huge profits. This article is, in sorts, a continuation of the article that talks about risk management in crypto trading. Bitcoin and bubbles The crypto market serves a wide variety...Read More
Tezos Stable Technologies (StableTech), the nonshareholder foundation for DeFi on Tezos has received investment from blockchain-focused VC firm Draper Goren Holm, according to a report published today. The amount of funds in question was not mentioned in the announcement. However, back in 2017, Tim Draper, the namesake of the VC firm had invested in the...Read More
A beginning of a new month may change the look of the market for most cryptocurrencies. Especially now that we have kicked-off the final quarter, the anticipation for a rally or a dump may become visible. To gauge the market, volatility also plays a role, while a lack of it indicated consolidation, the presence meant...Read More
The cryptocurrency market has entered the final quarter of the year and the anticipation in the market for a price swing has been high. The Ethereum market didn’t just want to witness a boost in the price but also demanded a decrease in the network’s transaction costs. However, after looking into the hype-driven ETH market,...Read More
U.S Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against crypto exchange BitMEX’s co-founders Arthur Hayes, Ben Delo, and Samuel Reed and accused them of operating an “unregistered trading platform” and for violating CFTC regulations which includes breaking the anti-money laundering rules, according to a 40-page complaint published by the CFTC today. According...Read More
The IOTA Foundation announced the launch of IOTA Access, an open-source DLT framework for building policy-based access control systems and enabling pay-per-use functionalities at the edge. IOTA Access, a project which was three years in the making, is designed to bring fine-grained access control to any machine, device, or building without relying on a centralized...Read More
Blockstack PBC, the first company with an SEC-regulated cryptocurrency (STX), is joining forces with Chainlink to integrate Chainlink as the preferred oracle solution for the Blockstack and Algorand-supported Clarity smart contract language. Blockstack CEO, Muneeb Ali, indicated that this was clearly their top choice when thinking about Oracles for Stacks 2.0, stating that, “Stacks 2.0 is a...Read More
Bitcoin has seen a considerable surge as of today and is up 2% in the last 24 hours. Based on buyers, the price could hit $11,000 $11,100 or crash down to $10,700. The sellers could drive it as low as $10,300 too. Today’s short-term price analysis takes a look at bitcoin on an hourly time...Read More
The multi-asset, regulated platform, eToro has announced today that it will introduce its new staking service for Cardano (ADA) from this month onwards, according to a release emailed to AMBCrypto. The move comes after the IOHK led Cardano blockchain also introduced its own staking pools that also had IOHK incentivize Cardano holders to begin staking...Read More
A swirl of bullish momentum was seen in the entire crypto market as each of the top 15 cryptocurrencies recorded gains in the last 24 hours. For COSMOS and DASH, the rally displayed impressive bullish sentiment, while Chainlink displayed bearishness, as its recovery attempt to gain positive momentum remained rather sluggish. Chainlink [LINK] Source: LINK/USD...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the EOS short-term market and its impact on the price. The month of September saw cryptos mostly consolidating or recovering from the sudden sell-offs. Most major cryptos have been able to recover positively over the past week, EOS has also been seeing its price...Read More
The island nation of Bermuda is in the news today after it gave U.S-based cryptocurrency exchange, Bittrex, a Class F (“Full’’) Digital Assets Business Act license that will allow the platform to operate under the supervision of the Bermuda Monetary Authority (BMA). According to Bittrex Global CEO Tom Albright, Bittrex (Bermuda) will provide additional digital asset services...Read More
SingularityNET, a decentralized platform for AI apps, has announced its plans to move a significant portion of its network from Ethereum to the IOHK-led Cardano blockchain, in the wake of Cardano’s upcoming updates that include the Plutus smart contracts framework, the firm said. As part of a detailed announcement, the platform also highlighted the...Read More
Tezos appeared to resume its larger downtrend and was likely headed to a lower price point after facing another wave of selling pressure. DigiByte appeared to be in a period of consolidation. EOS indicated a possibility of rising above resistance to flip the level to support, but the market was undecided at the time of...Read More
Crypto.com Coin was ambivalent at press time, with no overall direction to its movement in the past few days. This could change in favor of the bears shortly. Stellar Lumens formed a bullish pattern and could have the bullish momentum to flip resistance in the next few hours. Synthetix Network Token showed bearishness and was...Read More
The volatility in the crypto market has been growing and Bitcoin has broken out of its consolidation phase. This uptick in volatility may indicate a larger game at play for the future of Bitcoin. This expectation has been in the market for a long time, even when BTC consolidated and more and more users were...Read More
Decentralized crypto-exchange 1inch announced today that it is collaborating with cybersecurity solutions provider Hacken to improve the platform’s security by auditing its code, APIs, and infrastructure. According to the press release, the Hacken team would focus particularly on serving as a cryptocurrency exchange auditor. Hacken was previously in the news after it announced its integration...Read More
The crypto market as a whole displayed a sense of divergence in the charts at the time of writing, with Bitcoin SV witnessing appreciable gains on one hand, while on the other, alts such as IOTA and Dogecoin were trading below crucial pivot levels. Bitcoin SV [BSV] Source: BSV/USD on TradingView Over the last 24...Read More
The crypto market saw a relatively stable week as Bitcoin continued its quest towards $11k. However, it has not been easy for BTC to surpass this level as every time it reaches close to $11k, the selling pressure pushes the price of the asset down. Even though the resistance was strong at $11,000, data suggests...Read More
The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in trades, alongside the cryptocurrency Petromoneda (or Petro). The controversial Petro was launched two years ago to reduce the Venezuelan economy’s dependence on the U.S dollar....Read More
For XRP maintaining a position above $0.22 is extremely important at the moment. As indicated earlier, the long-term bullish rally is dependent on its mediation above this price range and XRP’s recent re-test at this support raised a few concerns. With the price currently near $0.24, some of the nerves have settled down but the...Read More
While DeFi has been one of the keywords of the year for the digital asset industry, Wrapped Bitcoins or WBTC has been one of the definite highlights of the Decentralized Finance space. The growth of WBTC has been nothing less than extraordinary, and at the time of writing the total valued locked in WBTC is...Read More
