Litecoin had a brief spike before being forced back beneath resistance. It is possible that Litecoin and Ontology will not move upward or downward by a large margin in the coming days as it looked to be in a phase of consolidation. Dash set its next level of resistance as a target, and might be able...Read More
New York-based blockchain investment firm Coinfund has invested an undisclosed amount in Rarible, a platform to trade liquid intellectual properties and any digital content with licensing via Non Fungible Tokens (NFT). Coinfund’s funding is supposed to help Rarible develop a community-governed, blockchain-based NFT marketplace that would enable it to create a direct relationship between digital...Read More
San Francisco-based crypto lending and staking platform, Cred announced today that it has joined Visa’s Fast Track program, which according to the firm would speed-up the process of eventually integrating with Visa, a global payment tech company. According to co-founder and CEO of Cred, Dan Schatt, the firm’s acceptance into Visa’s program would allow Cred...Read More
Polkadot invalidated a possible bearish pattern in the past few sessions. At press time, it lacked momentum in both directions. IOTA was indicating signs of short term bullishness and could surge past nearby resistance level. Compound showed a likelihood to drop in price, perhaps as far as $152 in the near term. Polkadot [DOT] Source:...Read More
Although this article isn’t different from a lot of bitcoin price prediction articles out there, this is a different article. The underlying reason for Bitcoin hitting $28,000 by November 1, 2020, is based on historical data and not just an analyst’s prediction. Bitcoin’s volatility is a well-known aspect of the asset and the fact that...Read More
A terrible past week saw the largest digital asset take a massive hit on its apparent bull run. Bitcoin, as we speak had dropped down by $2000 in a span of 48-hours, dropping from $12,048 to $9890 during the 1st week of September. At press time, Bitcoin was valued at $9954 but speculations were still...Read More
Austrian-based Bitcoin tax software developer Blockpit, announced acquisition of its German competitor CryptoTax, a tax compliance website, today. Both companies were founded in 2017, to provide legally compliant tax reports and taxable profits from trading with cryptocurrencies and the firms saw this merger as a midterm plan to internationalize company standards and expand into the US...Read More
Bitcoin SV has been in an uptrend in the past couple of days. It remains to be seen if it has the strength to reclaim important moving averages. The uptrend might be part of a bearish reversal pattern and could cause a drop in the coming sessions if it played out. Cosmos and Ethereum Classic...Read More
Bitcoin’s range-bound roller coaster has started to head higher as the price rose to $10,400 level. As for the volatility, bitcoin has never had a poorer monthly [August] volatility in its 10-year history. August closed with monthly volatility of 44% a lot lower than its 10-year average 83% and a 10-year median of 61%. Source:...Read More
European cryptocurrency exchange ETERBASE announced in a tweet today that the exchange had been hacked and its hot wallets were compromised, which has lead to the loss of several cryptocurrencies. The crypto exchange said that it has contacted all other centralized exchanges that might be receiving these illicit funds stolen during the hack and were...Read More
South Korean police have reportedly raided Bithumb cryptocurrency exchange offices again in an additional seizure search according to The Seoul Newspaper. Much like the first raid that took place on 2 September, this second raid was also connected to seizing evidence for fraud allegation. However, this time the raid was conducted at the Bithumb Holdings...Read More
Disclaimer: The following price prediction should not be taken as investment advice. The prediction should materialize in the next couple of days. Just like the rest of the altcoins, XRP has struggled to break away from its immediate support at the moment. After the decline stopped at $0.230, XRP’s movement has been rather sideways in...Read More
Stablecoins have added $100 million a day in market capitalization over the past three months. Tether has contributed to this market cap with a trading volume that is 1.84 times that of Bitcoin as of September 7, 2020. However, this is only the tip of the iceberg. Tether reserves on exchanges, that were primarily used...Read More
Some important levels to watch out for were highlighted for Chainlink, as it sought to rise above resistance at $12.5. Monero showed that neither the bears nor bulls dominated its market. This balance between buyers and sellers could slowly tip toward the buyer side, as the sell pressure of the past few days wanes and...Read More
Bitcoin is currently nestled right above $10,000, playing a game of tug-of-war with the resistance. Although it briefly went under $10k over the past hour, there is a feeling none of the price positions are permanent at the moment. With price exhibiting extreme turbulence, market sentiments were consequently changing as well on certain exchanges. Source:...Read More
Bitcoin Cash had some positive news on the adoption side of business. Technical analysis also showed Bitcoin Cash might be in a consolidation phase in the short term. The selling pressure on Cardano over the past few days appeared to have weakened. Stellar Lumens bears also appeared to be exhausted in the short term. Bitcoin...Read More
Customers in France can now pay in Bitcoin when they order from Just Eat France which is an online food ordering company and a part of the UK based Just Eat group. Moreover, the platform announced on its website that it would use Bitpay as its BTC payment provider. There was no official announcement about...Read More
Former project manager at now defunct crypto investing firm Bitsonar, Yaroslav Shtadchenko, has filed a complaint with the U.S Federal Bureau of Investigation (FBI) accusing his former employer at Bitsonar of fraud. The accused, Bitsonar’s founder, Alexander Tovstenko, who was also a former clerk at the Ukrainian government hired Shtadchenko in 2018 “to provide consulting...Read More
Ethereum Options volume, at the time of writing, had dropped to $4.9M on Deribit, a level last seen back in June 2020. Interestingly, such a drop to uncertain levels has put derivatives traders in previously unchartered territory. In fact, Options volume over the past week matches the level of BTC Options volume from January 2019,...Read More
Argentina’s official immigration agency suffered a ransomware attack with hackers demanding $4 million in Bitcoin, according to reports. The immigration agency otherwise known as the Dirección Nacional de Migraciones (DNM) suspended border crossings for four hours until officials revived the systems again from the attack, according to local reports. The cyberattack was first reported by...Read More
Chainlink has suffered as many altcoins have. In fact, LINK marines seemed to be scrambling as the cryptocurrency’s price trotted around the $12-mark, with more dips expected. The market cap of LINK had shrunk from $6.3 billion a week ago to $4.5 billion, as of writing. The 24-hour price change didn’t point to a sign...Read More
Litecoin‘s charts showed that LTC was still caught in a strong downtrend, one that had not yet slowed down. Polkadot registered a potentially bearish pattern, one that could set up a sharp drop for the cryptocurrency in the coming days. Finally, Steem’s charts indicated that it could be heading further lower. Litecoin [LTC] Source: LTC/USD...Read More
Bitcoin’s 2020 rally is stalled, for now. However, throw some liquidity and bullish trading sentiment in the mix and you have a winner. In fact, an in-depth look at Bitcoin Futures’ charts suggests that the cryptocurrency’s price may bounce back soon. A reason why this may be the case is that Open Interest and daily...Read More
Bank of Japan (BoJ), one of Japan’s central banks, has put the development of a central bank digital currency (CBDC) on top priority since July, according to a report in Japan Today. As per the report, members of BoJ hoped to see its digital currencies operate seamlessly during times of natural disasters and especially during...Read More
Bitcoin contributed to a whole host of sell liquidation orders as it dropped from $11,400 to $10,000 a few days ago. On BitMEX alone, about $264 million worth of sell liquidations were registered. Further down the ladder, Ethereum Classic and Maker continued to slide down south as well. Bitcoin had been able to stave off...Read More
Bitcoin’s latest price drop below its crucial support level of $11500 has once again re-ignited the question of ‘buying the dips’. However, not all dips are alike, and buying the dip may not always be your best bet. @CryptoWhale was among those who recently commented on the narrative of “buying the dip.” Source: Twitter Some...Read More
Bitcoin, the world’s largest cryptocurrency, was trading at $10,147, at the time of writing, while Ethereum climbed as high as $361 before falling again. Stellar Lumens showed no change in its bearish outlook, however, and could drop even further. Ontology’s charts suggested that it might be in a consolidation phase after the drop from $0.95...Read More
As is often the case in the digital asset market, an altcoin may perform extremely well over the course of a bull rally. In fact, it may even outperform Bitcoin, which is why in the eyes of many, such tokens might even look like the real thing. However, many of these would soon crumble under...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize within the next 24-hours After clocking in a value of $307 on 5 September, Ethereum’s recovery over the past 36 hours has been strong. On 6 September at 21:00 UTC, a local top at $360 was...Read More
It feels weird writing about Bitcoin’s drop to $10,000 since usually, the headlines are all about Bitcoin’s rise above $10,000. However, with the market as bullish as it is now, a drop to $10,000 seems to be much worse than it actually is, compared to a rise over it. Even so, how bad is it?...Read More
