Since the start of the month, Bitcoin along with many of the market’s altcoins, has seen its fortunes take a turn for the worse. While Bitcoin continued to stay above the key $11k-mark, altcoins such as Polkadot lost close to 5 percent of its trading value yesterday. The drop, however, was not uniform across the...Read More
Being one of the most powerful men in the world offers no immunity from the tricks and wits of scamsters. This was evidenced a few hours ago after the Twitter account of Indian Prime Minister Narendra Modi’s website was hacked by “John Wick,” a few weeks after a wider attack was orchestrated against the likes...Read More
The California based financial services company, Robinhood Markets Inc faces a civil fraud investigation by the U.S Securities and Exchange Commission over its deals with high-speed trading firms, according to a report in the Wall Street Street Journal. Robinhood allegedly failed to fully disclose its practice of selling clients’ orders to high-speed trading firms, the...Read More
Binance Coin rose above the resistance level and looked likely to retest the same level to confirm a resistance-flipped-to-support zone. Ethereum Classic lost a support level and looked likely to be headed further downward. VeChain had recently shown signs of bullishness, and a reversal of its downtrend since reaching $0.022 highs. But it was rejected...Read More
Bitcoin SV showed a bit of bullishness and had hardly begun to move upward when the bears stepped in. IOTA on the other hand lacked momentum in either direction and was trading just above support level while Compound looked poised to drop to its immediate support. Meanwhile, the world’s largest cryptocurrency Bitcoin briefly saw a...Read More
Bitcoin crossed $12,000 and slid under the range, yet again. Speculation with respect to an imminent bull run is almost unavoidable at the moment. With every key metric turning plush green every day, for more proponents, the next big rally for Bitcoin is seemingly around the corner. Bitcoin’s Short-Term Holder metric conveyed the same sentiment at...Read More
BiLira (TRYB), Turkey’s first stablecoin which is backed by the Turkish fiat currency lira announced on twitter that the token has been listed on the Bittrex Global crypto exchange. The announcement detailed that the ERC-20 token will be available for trading starting from today. Global Bittrex, a U.S based cryptocurrency trading platform, also joined the...Read More
Bitcoin rose from $11,200 a few days ago to trade at $12,000 just a few hours before press-time. However, the resistance again proved too strong for Bitcoin to surmount at present. This rejection can be linked to the fact that some of Bitcoin’s on-chain metrics looked weak. Altcoins such as Chainlink and Stellar did not show...Read More
Crypto wallet and gateway to blockchain apps, MetaMask has announced in a tweet that it will soon launch its mobile apps on the App Store as well as Google Play. In case you missed @mattleising’s article, #MetaMaskMobile is coming very soon! Register here to get notified when the app is available in the Apple App...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. The prediction should materialize over the current week. After falling bait to a bearish cycle back in mid-August, XRP has managed to turn its fortune around towards the end of the month. On August 27th,...Read More
Coro Global, a Florida-based company that allows customers to exchange, send and save gold as well as U.S. dollars announced the launch of its payment app ‘CORO’ that runs on Hashgraph’s distributed ledger technology. With this move, Coro Global which has a large customer base in the U.S became the first company to formally license...Read More
The start and conclusion of August echoed a similar note for Ethereum; both witnessed the beginning of a bullish rally. In between, the markets were extremely choppy but according to Deribit’s August Institutional Newsletter, the altcoin registered another positive month in terms of derivatives activity. According to the newsletter shared with AMBCrypto, Ethereum’s turnover growth...Read More
The U.S Commodity Futures Trading Commission (CFTC), which regulates virtual currency derivatives, today announced that it has approved cryptocurrency exchange LedgerX’s requests to remove the “digital currency” limitation. Under this new amended order, LedgerX is now authorized to clear products not directly connected to cryptocurrencies. According to the release: Under the amended order, LedgerX is...Read More
Grayscale is by far, the most popular investing company in the U.S with its popular investment tool – Grayscale Bitcoin Trust [GBTC]. It is obvious that Grayscale Investment hasn’t had a serious competitor for a very long time and this has caused the company and its investors to enjoy a monopoly over crypto investments. Although...Read More
Ethereum noted a substantial spike in its value on 1 September as the crypto market rallied. The value of the second-largest cryptocurrency increased from $429.66 to $473.53, reporting a peak last seen two years ago as the price was retracing from the bull run. As the price of the digital asset experienced a boost, its...Read More
Bitcoin witnessed a crash from $11,700 to $11,100 in less than an hour and has taken down a lot of altcoins with it. As seen below, most of the altcoins are bleeding red. CoinGecko showed that almost all coins in the top [excluding stablecoins] are all down by 2-6% in the last hour, with the...Read More
Debate raged on social media whether the strong rise of Ethereum’s price was organic demand for ETH, or whether it was all propped up by the DeFi explosion. However, a green Ethereum usually spells green for the altcoin market as well. Dash and Dogecoin seemed not to have received the memo, as they struggled to...Read More
Bitcoin wasn’t created as a normal equity investment. However, analysts have correlated it with Gold and S&P 500 every cycle. This is drawing speculative traders in, and Bitcoin is being purchased for its investment value. However is the store of value narrative is dying a slow death, with this week’s Bitcoin Gold correlation at 10%...Read More
Ethereum showed strong momentum as it zoomed past its resistance to post strong gains. It was eyeing the next level of resistance at $510 as an upside target in the coming days. Zcash showed a strong upward trend in the past few days while FTX Token was soaring to new heights, but might experience a...Read More
Roger Ver today announced in his tweet that deadalnix will be forking from Bitcoin Cash on 15 November, 2020. The tweet did not mention the name of the new coin that will be created as a result of the fork, but twitter users were quick to chime in with suggestions like BCASH. Bitcoin ABC and...Read More
U.S government agency, CFTC or the Commodity Futures Trading Commission, today charged 20 entities, among which some were crypto traders and exchanges, for making false claims of having CFTC registration and National Futures Association (NFA) membership. These are mandatory registrations that allow exchanges to offer services related to trading in digital assets, derivatives, and forex...Read More
Binance Coin advanced steadily toward resistance after stepping out of a range it traded within for a few weeks. Dash showed bearish signals and could test support and even drop beneath support while Dogecoin continued to sustain the bearish sentiment. Binance Coin [BNB] Source: BNB/USDT on TradingView BNB appeared to trade within a range for the greater...Read More
Bitcoin has set on a rally with the beginning of the last month of the quarter. The largest asset’s price increased from $11,515 at midnight to $11,966.84, until an hour back, which could be due to the interest flowing into the BTC market. Even though the beginning of September was looking strong, the final week...Read More
Bitcoin and cryptocurrency research development group, Chaincode Labs has hired developer and co-founder of Blockstream, Pieter Wuille, who will now work on protocol improvements to Bitcoin. The coder and engineer posted a tweet in which he said he would continue to collaborate with the research team at Blockstream. Very excited to announce I’m joining Chaincode...Read More
Bitcoin SV showed a bullish reversal pattern, indicating the possibility that BSV could rise to near $230 in the coming days. Ontology was trading in a rising channel and showed no signs of bears gaining control while FTX Token went parabolic and could rise higher. Bitcoin SV [BSV] Source: BSV/USDT on TradingView BSV formed a...Read More
Five months after the project was unveiled, Binance announced the launch of its Binance Smart Chain blockchain today, which enables creation of smart contracts and allows users to stake BNB, Binance’s very own token. The blockchain is compatible with Ethereum Virtual Machine, which may increase the utility of both Binance Chain and the BNB token....Read More
Wrapped BTC aka WBTC locked in DeFi has hit a new high of 33,762 WBTC. At bitcoin’s current price this puts the total value of WBTC to about $400 million. The implications of this are many and the key factors are addressed in this article. Defi and Bitcoin With DeFi mania increasing every day it...Read More
The Hong Kong-based cryptocurrency and payment platform Crypto.com hired ex Visa International Asia-Pacific executive, Nobuyuki Nagahama, as General Manager of Japan. According to an official release, the company which serves over 3 million customers worldwide claimed that this move will allow the platform to launch strategic initiatives in the Japanese cryptocurrency market. At Crypto.com Nagahama...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the sole opinion of the writer. The prediction should materialize in the next 24-hours. Just like the rest of the industry, XRP was able to take advantage of the bullish comeback for the major altcoins. Dropping down below $0.26 on...Read More
Ethereum has been a hotbed for emerging crypto projects like DeFi and yield farming. However, Vitalik Buterin seems to think that forking Maker is the best idea going forward. Maker was one of its kind when launched during the mania of 2017 and turned the game sideways. Maker’s governance protocols allowed people to vote to...Read More
