Since the beginning of September, most of the market’s attention has been on the price of Bitcoin, Ethereum, and a few of the top altcoins, with the industry continuing to tackle intense bearish pressure, at press time. Amidst all the noise, however, on-chain development seems to have been forgotten somewhat, with the new Coinmetrics report...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s long-term market and their impact on its price The popular fork of Bitcoin, Bitcoin Cash was following BTC’s lead as the market registered many great troughs and peaks recently. However, the latest corrections in the market have shaken the...Read More
Chief Executive Officer of Twitter, Jack Dorsey today announced in a blog about the launch of a Cryptocurrency Open Patent Alliance (COPA), a non-profit meant to address the concerns regarding the offensive use of patents in the crypto community and also create a ‘shared patent library’. Square is putting all of our crypto patents into...Read More
Bitstamp today announced implementation of Nasdaq Market Technology’s order matching engine, making it the first major fiat to crypto exchange with a matching engine that will be on par with traditional exchanges. .@Bitstamp just announced their successful implementation of @Nasdaq matching technology. With Nasdaq’s scalable and robust solution, Bitstamp can continue to bolster their capacity,...Read More
CEO and founder of leading crypto exchange Binance, Changpeng Zhao (CZ) announced in ‘The World of DeFi’ broadcast that the exchange would offer $100 million worth of seed funding to developers who want to build on its smart contract-based blockchain platform, Binance Smart Chain. The panel discussion said that successful projects would be able to...Read More
The cryptocurrency industry, while looked down upon with a lot of suspicion once, is turning out to be the saving grace of many investment portfolios today since Bitcoin is proving itself to be an asset that can hold its value in the long run. Institutional interest in Bitcoin, aided by increasing regulatory clarity, has surged...Read More
With the digital asset market stabilizing on the charts to attain some recovery over the past week, Chainlink has been the one to lead this pack of altcoins. Recovering from a local bottom of $9.10, the crypto-asset has done well to briefly re-test the $13-mark over the past 12-hours. However, the appalling bearish pressure continues...Read More
Leading cryptocurrency exchange Coinbase Pro announced today that the exchange would begin accepting inbound transfers of Ethereum-based token, Loopring (LRC) from 14 September onwards. According to the release, Coinbase Pro users could avail support for the LRC token on all Coinbase’s supported jurisdictions, with the exception of New York State. LRC trading is said to...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 Clocking in at a low of $9,980 on the morning of 9 September, Bitcoin soon recovered by close to $600 in a matter of just 24 hours. However, despite the sudden bullishness,...Read More
What’s the motivation behind purchasing an altcoin? For some, a specific altcoin is an entry into a different facet of the larger cryptocurrency space. While some offer exchange-related on and off-ramps, most altcoin buyers look to these coins with small market caps simply because they can double or even triple within a few days. This...Read More
Stellar Lumens [XLM] was one of the market’s few bullish coins, at the time of writing, with both BAT and DASH exhibiting a bearish bias due to the patterns formed on their charts. In light of the fact that Bitcoin has been tip-toeing the $10,000-level, we can expect many of the market’s cryptocurrencies, especially the...Read More
Bitcoin and the crypto-market have noted quite a few ups and downs in their fortunes over the past few months. However, despite the fact that the world’s largest cryptocurrency did fall below $10,000, and at press time, was struggling to consolidate right above that level, it is safe to argue that Bitcoin has remained fairly...Read More
Tezos’s price and its short-term future were looking bleak, especially after the cryptocurrency’s price dropped below its 200 DMA on the 6-hour chart. In fact, this development pushed the price down from $3.53 to $2.53 over the past week. If this wasn’t enough, more may be on its way for Tezos. Tezos 6-hour chart Source:...Read More
After a month of upward volatility, the cryptocurrency market has been noting waves of corrections since the beginning of September. However, such corrections have also resulted in many prevailing trends in the cryptocurrencies market changing. XRP, the fourth-largest cryptocurrency in terms of market cap, has been shrinking in value. In fact, it recently tested its...Read More
The cryptocurrency market has registered a wave of corrections over the past few weeks. In fact, the price of the world’s largest digital asset, Bitcoin, has fallen by over 14% since the beginning of September, with a host of liquidations on 2 and 3 September responsible for the cryptocurrency’s price falling below $10,000. However, Bitcoin...Read More
Bitcoin’s price action seemed to have done the trick yet again, at the time of writing, with most of the market’s altcoins registering negative gains after incurring substantial losses over the past week. Bitcoin’s dip into the sub -$10k territory, despite a brief recovery, left its mark on the altcoin market, with cryptocurrencies like Polkadot,...Read More
Ethereum Classic Labs (ETC) announced a partnership with the blockchain analysis company, Chainalysis to offer Chainalysis KYT (Know Your Transaction) that would help cryptocurrency businesses comply with local and global regulations. With regard to this partnership, Chainalysis said it would also offer the ETC Labs startups, projects, and grantees access to Chainalysis subject matter experts...Read More
Binance Coin, Tron, and Cosmos were some of the major altcoins that showed signals of an end to the bearish pressure. Much of the altcoin market continued to see red, as Bitcoin defended $10,000 and Ethereum oscillated between $330 and $360 range. Tron in particular could be swept upward to new highs as Sun Genesis...Read More
U.S blockchain venture capitalist Digital Currency Group (DCG), today announced the acquisition of the U.K-based cryptocurrency exchange and wallet Luno, and that the Group made ‘financial commitments’ to help Luno expand globally. The funds involved in the acquisition, though, were not disclosed according to the release. Luno, which has a customer base of five million...Read More
The cryptocurrency market has been a great place for traders, until recently. Over the weekend there was a major correction setting in the market, that changed the existing trends in the market. As Bitcoin’s price crumbled under $12k, the unprecedented pressure in the market pushed its value briefly under $10k. The lowest price level seen...Read More
Bitcoin was able to defend the $10,000 level but the rest of the cryptocurrency market saw red as selling pressure hadn’t been completely exhausted. At press time the king coin was being traded at $10,192 with a 24-hour trading volume of $86.5 billion. Source: CoinStats Bitcoin SV exhibited a bearish pattern and could be poised...Read More
Cardano has been showing a lack of momentum in the market in the past couple of days, and it could continue as price consolidated between important levels of support and resistance. Ontology showed it might be ready to breach and hold the nearest level of resistance. Algorand also showed signs of neutrality as traders opted...Read More
In a recent announcement today, the widely-used stablecoin tether (USDt) will be launched on Solana, a high-speed blockchain network. This would be the first time a stablecoin has been integrated with Solana and this move will now allow tether holders to exchange their USDt stablecoins at speeds greater than 50,000 transactions per second on the...Read More
Leading cryptocurrency exchange Binance announced launch of Binance TR, its new subsidiary in Turkey which will allow fiat-to-crypto and crypto-to-crypto exchange for users in Turkey and allow them to trade crypto pairs like bitcoin (BTC), ether (ETH), tether (USDT), XRP and the exchange’s own Binance coin (BNB) and BUSD stablecoin. Introducing the new local exchange...Read More
Over the past 6-days, the collective digital assets industry has taken somewhat of a breather as the bears seemed to have reduced their pressure on the market. Yet, most of the altcoins are still steadily dropping. The bottom was created for Bitcoin and the rest, on 3rd September itself, however, after rallying back above immediate...Read More
A month after Binance Uganda, which is the Binance cryptocurrency exchange’s African wing, delisted ETH and LTC, it has now announced to delist the parent company’s very own native crypto, the Binance Coin (ticker: BNB). The move came after Binance Uganda periodically reviewed trading volume and liquidity of all its cryptocurrencies during which BNB coin did...Read More
I get it. With the price still just over $10,000, down from the year-high peak of $12,000, and looking weaker by the day, it’s tempting to sell Bitcoin at this time, but would you gain anything by selling, and more importantly, is anyone selling? To those who’ve simply gotten into cryptocurrency as a form of...Read More
Global financial services company, Mastercard launched a Central Bank Digital Currencies (CBDCs) virtual and custom ‘testing’ platform, for central banks to evaluate use cases of national digital currencies and even simulate a CBDC ecosystem, a release stated today. Moreover, Mastercard has called for global partnerships with central banks, commercial banks, and tech and advisory firms...Read More
Following Bitcoin’s lead, XRP has been consolidating. The value of the fourth-largest digital asset in terms of market cap was close to $0.2391, at press time. Given the recent pressure in the market, XRP has been shedding its value and was currently close to its immediate support of $0.2288. Source: XRP/USD on TradingView The above...Read More
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for...Read More
