Bitcoin’s tussle with $12,000 seems to be coming to an end but the premium for Grayscale Bitcoin Trust [GBTC] is still at 18.32% and that of Grayscale Ethereum Trust [ETHE] at 72.63%. This high premium on crypto products by Grayscale has been the talk of the town ever since the halving when the news of...Read More
The cryptocurrency market rallied for the better part of August but began to move sideways as the month came to an end. This resulted in the price of many altcoins stabilizing and even shrinking a little. Bitcoin, the largest cryptocurrency has been also witnessing a similar trend and at press time, was valued at $11,799....Read More
BTC futures were first launched in December 2017, and their initial performance was contrary to the hype that surrounded it. Market expectations ranged from a sudden climb in BTC spot price to increase liquidity on spot exchanges. However, the two most popular Bitcoin futures exchanges – CME and CBOE faced two different fates. Before CME’s...Read More
Bitcoin Dominance dipped to 59.7 as Ethereum surged to $444. Bitcoin Cash showed signs of continued bearishness. Zcash could be gearing up to flip a resistance to support. Algorand was trading at a level that buyers and sellers were evenly matched at. Bitcoin Cash [BCH] Source: BCH/USD on TradingView BCH showed continued bearishness. It has...Read More
Canaan Inc, a leading Chinese Bitcoin mining hardware manufacturer published its unaudited second quarter (2020) financial results. As per the report, the company’s gross profit increased year over year and quarter over quarter, but Canaan still suffered a net loss. However, the firm’s gross margin expanded significantly last year as well as in the first...Read More
Institutional investors and their interest in Bitcoin Futures are driving growth on derivatives exchanges like the CME and Bakkt. In fact, just recently, Bakkt Bitcoin Futures volume hit a new high of $167M, while the CME clocked in a volume upwards of $930M on the same day, the 25th of August. Source: Skew Source: Skew...Read More
Daemon Technologies, a firm based in Hong Kong, will now drive the adoption of Stacks technology to support cryptocurrency mining communities in Asia according to its launch tweet. Excited to announce my next chapter in the @blockstack and #stacks ecosystem! https://t.co/JRdZPeDwhi — Xan Ditkoff (@XanDitkoff) August 31, 2020 The firm stated that Asian mining communities were...Read More
For the longest time, trust has always been missing from the digital asset industry. 2017’s ICO boom, during which innumerable altcoins and shitcoins were shilled, did little to reverse this sentiment in the minds of many. In fact, now, there is a common consensus that suggests that the industry has put the crypto-demons of 2017...Read More
XRP recorded a huge spike in buying interest recently, with the price noting significant gains over the same period. However, there are still important resistance zones for XRP to conquer before it can look above $0.45, a level it has traded under for over a year now. Further down the cryptocurrency ladder, Ontology was trading...Read More
Like Bitcoin, Ethereum didn’t show a lot of strength among buyers or bulls, at the time of writing. In fact, ETH’s price looked toppy. After tapping the $420 level 6-7 times in less than two weeks, ETH might go under it once again. On the daily time frame, ETH’s price was showing signs of what...Read More
Yes, Tron’s Justin Sun just named a meme coin after himself CEO of Tron Foundation, Justin Sun announced the launch of $SUN, Tron Network’s first meme coin that will be mined to fund Sun Genesis Mining, a community-driven decentralized (DeFi) potential of TRON that runs on open-source smart contracts. (1/5) I am glad to announce...Read More
Darwin’s theory of natural selection, and by extension, the idiom “Survival of the fittest,” is incredibly apt when it comes to describing the digital asset industry. For long, Bitcoin was considered to be the only ‘fit’ candidate in the crypto-ecosystem. Over the years, however, Ethereum has managed to carve out its own position of strength...Read More
The cryptocurrency portfolio manager and exchange, Coinbase has announced that Marc Andreessen, co-founder and operating partner at Andreessen Horowitz, one of the world’s leading venture capital firms has joined the Coinbase Board. Marc is followed by Gokul Rajaram, an executive at DoorDash who along with Andreessen will be Coinbase’s new Board members. We’re excited to...Read More
Cardano and Decred were noting bearishness in the near-term. A case for Cardano being able to reverse its downtrend can be made if it were to reclaim the significant resistance level it recently lost. At the time of writing, NEM was registering a retracement after its most recent surge. Decred could be headed further south...Read More
Off-late, Bitcoin has been moving sideways on the charts and hasn’t exactly been the center of attraction either. Today, DeFi, yield farming, and liquidity pools are the hype. While DeFi has temporarily stolen the spotlight, altcoins seem to be enjoying Bitcoin’s respite. One thing to note here is that despite Bitcoin’s almost-dormant price action, the...Read More
CoinMarketCap Chief Executive Officer Carylyne Chan and Vice President Spencer Yang have departed from the leading cryptocurrency price tracking company. In an open letter on her blog, Chan bid adieu to CoinMarketCap community after working with them for 2.5 years. Chan hinted that she could soon begin a new venture of her own as she...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize over the next 24-48 hours After a bullish return on the charts, Chainlink seemed destined to reclaim a position above $18 after going past $17.50 over the last 24-hours. However, the last resistance before the $18-mark...Read More
Ethereum Classic’s price charts reflected the tumultuous time its network has been facing lately following the third 51% attack in the month of August. On the contrary, IOTA bounced strongly off its support and the direction of its movement over the next couple of weeks can dictate its long-term performance. However, Maker was unable to...Read More
Over the course of 2020, institutional investors have been keen on investing in Bitcoin Futures on regulated markets. A popular choice among institutions has been the derivatives giant Chicago Mercantile Exchange (CME). The popularity of the same can be highlighted by the fact that Bitcoin Options volume on CME rose by 1000% in May 2020...Read More
Bitcoin was trading at $11,620, at press time, with the cryptocurrency showing signs reminiscent of the beginning of a bull run like the one in 2017. However, crypto-exchanges continue to perform woefully during times of volatility that are characteristic of the crypto-market. A surging Bitcoin could drag the value of the market’s altcoins too, most...Read More
Disclaimer: The findings of the following article attempts to analyze the emerging patterns in Bitcoin SV’s market and its impact on the price Bitcoin SV’s price has been consistently noting bearish pressure, just like the rest of the market. The crypto-asset’s recent stint below $200 felt like the last straw had been drawn, with some...Read More
Bitcoin Cash, at the time of writing, was showing signs of bullishness, with the asset attempting to reverse the downtrend of the past few days. However, a confirmation of the same could still take a few days on the charts. On the contrary, DigiByte was struggling under strong bearish momentum. Further, Cosmos noted excellent gains...Read More
Many major altcoins showed signs of reversing their recent downtrend. Binance Coin appeared to be caught in a range and consolidating. Tezos has been steadily dropping since hitting an ATH. Enjin approached a region of confluence and any break-out from this region can be expected to be a strong move. Binance Coin [BNB] Source: BNB/USDT...Read More
BAT lacked a significant trend in the short-term as it retraced to important levels after a recent surge. EOS could be flipping from bearish to bullish momentum. Litecoin continued to show bearishness. Basic Attention Token [BAT] Source: BAT/USD on TradingView BAT was trading at the 38.2% retracement level, after its spike to $0.443. It briefly...Read More
XRP was trading near an important zone, above which is possible safety. Failure to close above this level could mean XRP might be in store for a significant drop. Chainlink showed strong bullish momentum that could propel it towards ATH once more. Dogecoin lacked notable momentum but could reclaim a resistance as support in the...Read More
Bitcoin has hit $12,400 and $11,100 within the last two weeks but still, the price is range-bound. The range being $12,500 to $10,850. Since bitcoin’s tap at the $11,500 low on August 5, the price has managed to form a bearish pattern – rising wedge. Hence, in the short-term bitcoin has a bearish outlook. Bitcoin...Read More
Cardano’s descent has been quick and steep but the coin looks primed for a reversal. At press time, the coin needed to drop to immediate support before it can actually reverse the downtrend. Dropping from the 8th rank, ADA had a market cap of 3.58 billion and had seen an 8.1% decline in the past week...Read More
With the defi and the yield farming frenzy spreading like wildfire, it feels like the start of a bull run. A number of parallels can be drawn between the upcoming rally and the 2017 bull run. But are we ready for the next bull run? As addressed in the previous article, there are three aspects...Read More
BitMEX the old? Once the OG and pioneer, BitMEX seems to be getting old, or at least the contracts listed on the exchange are. There are contracts for 8 coins – BTC, ADA, BCH, EOS, ETH, LTC, TRX, and XRP. Most of these coins were popular in 2017 but few seem to have survived and...Read More
Yield farming has been quite the rage lately, with some going as far as calling it the “rocket fuel” that DeFi needs. The hyperbole is well and good, but the question remains – Is Yield Farming the real deal? Or is it yet another one of those brief fancies that often catches the eye of...Read More
