Litecoin’s price has had to endure a period of consolidation over the past week. On 12 September, the cryptocurrency’s price fell by close to 8 percent from $51 to close to $47 and since then, Litecoin has been struggling to recover its losses. However, while LTC might be gaining some positive momentum, it may note...Read More
DeFi token transactions continued to congest Ethruem’s network as Etherscan showed that addresses related to Uniswap had guzzled a significant amount of Gas over the past 24 hours. At the time of writing, Ethereum’s charts pointed to a likely drop. While on-chain metrics made a strong case in support of an Ethereum slide, it must...Read More
After its initial token launch in June, TrustSwap, a smart contracts payments platform announced in a blog that Chainlink’s Price Reference Data – its decentralized oracle network – had been integrated with TrustSwap’s SmartLock and SmartEscrow products in order to determine fees associated with token-locking services. TrustSwap believed that Chainlink’s ETH/USD price oracle, which sources...Read More
2020 saw Ethereum [ETH] briefly take over Bitcoin’s lead in the market. However, this growth was the result of the boom witnessed by the decentralized finance [DeFi] ecosystem. According to data provided by Skew, the price volatility of Ethereum and Bitcoin are converging. The converging spread of the Ether-Bitcoin 6-month at-the-money [ATM] Implied Volatility had...Read More
Multiple mining groups in China have announced that they will fork Filecoin’s blockchain as they claimed to be dissatisfied with mining rewards, according to a report in Sohu.com, a Chinese media company. Moreover, the announcement has come just weeks before Filecoin’s mainnet launch in October. With regard to the fork announcement, Weiping Han, Chairman of MIX...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. The market of Bitcoin SV is clinging onto Bitcoin at the moment. As Bitcoin sustained its position above $10,900 for the time being, BSV also appeared to maintain close proximity to the resistance at $165....Read More
Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payments cheaper and quicker according to two EU documents received by Reuters today. According to the report, this move from the European Commission was a...Read More
Over the past year, many of the market’s altcoins have shown signs of decoupling from the price movement of Bitcoin, the world’s largest cryptocurrency. However, this wasn’t evident when the movement of the crypto-market in the month of September was assessed. In fact, while many of these alts did follow Bitcoin’s lead when BTC fell,...Read More
Bitcoin’s recovery in the market has been slow but it has been witnessing escalating interest from users. As traders look at the low price of BTC as a perfect opportunity to hold, some old metrics have been suggesting that the bull-run might not be that far away. As the on-chain metric gains strength, Bitcoin’s short-term...Read More
San Francisco-based venture firm, Blockchain Capital has joined Facebook’s Libra Association to make its network of experts and industry heads available to advise on the Association’s creation of a ‘global payment system,’ according to an announcement today. Libra’s head of policy and communications, Dante Disparte, said in the release that their new member, Blockchain Capital,...Read More
Hacked crypto exchange Cryptopia’s assigned liquidator, Grant Thornton New Zealand shared an update that Cryptopia account holders will soon be able to register to claim their trapped crypto funds, which in total is worth nearly $100 million. The claims registration process is said to open by the end of the year, however, the release did not...Read More
The East-Asian market is the largest in the cryptocurrency landscape, accounting for a whopping 31% of the total volume over the past year. It is also home to the highest mining activity with China controlling close to 65% of the total Bitcoin hash rate. While the trading volume is driven by a robust professional group...Read More
Disclaimer: The following article attempts to analyze the evolving patterns in the Ethereum market and its impact on price. The Ethereum market witnessed a momentary boost in its price on 17 September. This boost placed its current value at $387.34, which was closer to $376, an important point of support for Ethereum. As the market...Read More
Bitcoin’s price drop over 2-3 September had a ripple effect across the rest of the crypto-market. Altcoins across the board depreciated, lending weight to the argument that despite all the talk about an altseason, the world’s largest cryptocurrency continues to share a strong correlation with the rest of the market. Interestingly, the correlation in question...Read More
Utrust, a blockchain powered crypto payment gateway that gives e-commerce businesses the option to accept cryptocurrencies like bitcoin and ethereum, announced its integration with Kompakt, a Cologne-based electronic music record label company. This would allow the music company’s fans to pay in digital currencies like BTC, ETH, and also UTC token when they buy merchandise...Read More
San Francisco-based crypto exchange Coinbase announced today that it would now support Loopring (LRC) and yearn.finance (YFI) at Coinbase.com and in the Coinbase Android and iOS apps. LRC and FYI were made available in all Coinbase-supported regions, with the exception of New York, USA. The announcement has been made public almost a week after Coinbase...Read More
Bitcoin has been, by far, one of the market’s best-performing assets, despite periods of stagnation in 2020. Given the present economic condition and the uncertainty that is prevalent, Bitcoin has been pitted to be the go-to store of value asset, giving the likes of monetary metals like gold stiff competition. This has also led to...Read More
DeFi’s explosion has fueled Ethereum’s transaction fee hike and the subsequent price rally. When DeFi exploded on 2 September 2020 and later, on 5 September 2020, the figures for Total Value Locked hit $9.6 B on the charts. In fact, Ethereum’s price hit a new high of $484.15, corresponding to DeFi’s rally. Source: Coinmarketcap Not...Read More
U.S based cryptocurrency exchange Coinbase Pro announced in a tweet today that the exchange would begin passing network fees to its customers with network fees (otherwise known as Gas on the Ethereum blockchain) which is paid directly to cryptocurrency miners that process transactions and secure the blockchain networks. To ensure a smooth experience for our...Read More
Bitcoin’s status as a safe-haven asset has been one of its key selling points for a long time. In fact, this has enabled the world’s largest and most dominant cryptocurrency to welcome more users into the ecosystem, especially in light of the fact that citizens in failing economies are rapidly losing faith in their depreciating...Read More
Since its launch in May, Polkadot (DOT) announced the establishment of its ‘Treasury’ which is a new decentralized platform to fund projects according to a press release shared with AMBCrypto today. Polkadot Treasury, which is said to be a pot of funds collected through transaction fees, slashing, and staking inefficiencies, will be run by a...Read More
Dips are a common phenomenon in every financial market. Whatever goes up, has to come down – Momentarily, or otherwise. The same is true for Bitcoin. While many novice traders fear the sight of a price decline, opportunistic traders observe it from the perspective of accumulation for the long-term. Ecoinometrics’ latest newsletter on previous Bitcoin dips...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Tezos’s long-term market and its impact on the price Tezos’s market may not be performing as it did in 2019, but it is still reporting significant growth for the year 2020. Its year-to-date gains had climbed to 70%, at the time...Read More
Crypto exchange Binance.US announced listing of Uniswap (UNI) token, which is used for governance actions in the Uniswap protocol, a decentralized automated liquidity protocol built on Ethereum. The exchange further announced that UNI tokens will be available in the UNI/USD and UNI/USDT trading pairs with deposits going live from today. https://t.co/AZwoBOy3iq will list $UNIhttps://t.co/e4p5PT6CYR pic.twitter.com/BBPVm64KOo...Read More
After noting a 24-hour rise of 54.27%, Bitcoin held on exchanges climbed to 28.54k. In fact, this was the biggest one-day increase in nearly two months. This BTC is held on exchanges for the purpose of trading and an increase in this number is an indicator that HODLers are selling slowly. While there are other...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Bitcoin was undergoing corrections, at the time of writing, over the shorter timeframe. After recording significant movement while also briefly re-testing the $11,100-mark, Bitcoin’s bullish momentum on the charts finally seemed to...Read More
Bitcoin’s price has been on a recovery run since its fall on the price charts at the start of the month. However, for altcoins like Chainlink, Bitcoin’s sentiment did not seem to have a lot of effect on the cryptocurrency’s price action. Since the start of September, the cryptocurrency’s price has largely been on a...Read More
Ethereum‘s network has for long faced scalability issues that have all contributed to gas fees climbing to newer and greater heights. A recent example of this was observed when Uniswap, a decentralized trading platform, announced the launch of its governance token UNI on 17 September. 1 billion ERC-20 tokens will be released over the next...Read More
After Bitcoin, Ethereum has been the hottest cryptocurrency in the market, especially off-late, with its growth driven by Decentralized Finance [DeFi]. In fact, DeFi’s growth has become synonymous with the growth of Ethereum due to the latter’s heavy utilization in DeFi protocols. Today, investors have moved on from simply holding on to the second-largest crypto-asset...Read More
Although Bitcoin was consolidating at the time of writing, it was putting a lot of downward pressure on many of the market’s altcoins. Major cryptocurrencies like Cardano were moving lower down the price scale, whereas mid-cap assets like Synthetix and VeChain were trying to move forward with a stagnated price on the charts. Cardano [ADA]...Read More
