Stablecoins were adding $100M in market capitalization nearly every day back in June 2020. When expressed in big picture terms, the cumulative market capitalization rose from $9.4B in June 2020 to $35.4B in January 2021. On the contrary, DeFi projects’ TVL hiked by over 2500% from June 2020 to January 2021. Now, though DeFi projects’...Read More
eToro faced some technical issues today on 27 January. Several users took to Twitter to complain that they were unable to use the app. This was later confirmed by the eToto team which acknowledged the matter and said on Twitter: We’re aware that some users are unable to close positions on eToro. We’re aware that...Read More
Over the past decade, many organizations have attached themselves to the functionality and value of Bitcoin, but perhaps none can eclipse the presence and impact of Grayscale investments. While Grayscale went on a Bitcoin accumulation spree towards the 2nd half of 2020, its involvement in the development of other crypto-financial products went slightly under the...Read More
“This XRP coin is all or nothing,” noted Jeremy Hogan of the law firm Hogan & Hogan, with the legal practitioner becoming just the latest to comment on the SEC’s lawsuit against Ripple. Hogan, who claims to have studied the lawsuit in detail since December, is in the news after he asserted that if the...Read More
UAE-based LuLu Exchange is in the news after it announced its partnership with Ripple and India’s Federal Bank to facilitate faster cross-border payments from UAE to India. We are proud to announce our partnership with Ripple and Federal Bank to enhance real-time payments from UAE to India that are faster and more affordable than ever...Read More
Bitcoin SV remained below its 200-SMA as its prime moved south from the support at $167.7. Neo also mirrored the broader market sentiment as the market’s bears targeted a move below the $21.8-support. Finally, VeChain tested its press time support level, but the market’s bulls could hold on to the $0.028-level over the next few...Read More
Monero succumbed to yet another support level as the price moved below $134.4. Aave retraced from record levels, but the market still belonged to the bulls and the price could surge to fresher highs over the next few trading sessions. Finally, ENJ showed signs of a bearish pullback and a southbound move could see the...Read More
United States Securities and Exchange Commission (SEC) charged a cryptocurrency trader for allegedly being involved in a ponzi scheme defrauding more than $5 million from over 170 investors. The accused, Jeremy Spence, who goes by the name “Coin Signals,” was charged in Manhattan Federal Court for “soliciting funds” for various crypto funds that he operated. ...Read More
Anthony Scaramucci, former White House Communications Director, and founder of SkyBridge hedge fund made bullish statements about Bitcoin and called it “a good long-term investment.” While predicting upcoming volatility and correction, Scaramucci believed the digital asset would only increase in price. Alongside SkyBridge Partner and the Chief Operating Officer, Brett Messing, Scaramucci claimed that the...Read More
Grayscale’s dropping BTC premium is sounding alarm bells for investors and traders alike. Alarm bells isn’t an understatement, especially since the premium plummeted to 2% from about 30% back in December 2020. What does this mean? Well, the premium may have been the only motivation for institutions to invest in GBTC, and not Bitcoin. This...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Polkadot has been one of the market’s top performers in 2021, with the cryptocurrency’s price action speaking for itself. In fact, since 28 December, the crypto-asset has risen by a whopping 300%, a figure...Read More
US-based crypto trader and miner Simon Byrne has six Nvidia RTX 3080s graphics cards in the trunk of his BMW i8 car which is able to run the mining rig. According to HardwareTimes, the car’s internal battery can power the crypto mining equipment, however, Byrne keeps the trunk open to prevent the rig from overheating....Read More
Bitcoin, at the time of writing, was eyeing a 3-week losing streak for the first time since June 2020. While the 7-day period hasn’t concluded yet, a market close below the $32,300-mark will register a third red-weekly candle in a row. Now, while market sentiments didn’t seem to be particularly bearish at press time, certain...Read More
Tron hovered above its support level, but the market’s bulls could struggle to keep the price afloat in the short-term. Verge moved within a confined channel as momentum sided with neither the bulls nor the bears. Finally, Dogecoin fell below the $0.0085-resistance, but the indicators projected a bullish bounceback. Tron [TRX] Source: TRX/USD, TradingView Tron’s...Read More
Bitcoin‘s price might due for another correction after CryptoQuant’s Exchange Whale Ratio hit 0.87, a level last seen when BTC dipped to its yearly open at $28,956. While Bitcoin did see a surge yesterday as the price pumped to $34,800, the surge was met by holders waiting to sell their BTC. This sell-off is getting...Read More
Bitmain Technologies CEO Jihan Wu is reportedly stepping down from his role in the mining company. The Chinese billionaire cryptocurrency entrepreneur published a cryptic tweet on 26 January that mentioned a settlement with Bitmain’s co-founder and Wu’s rival, Micree Zhan. Regarding the settlement between Bitmain’s two co-founders Resilio Sync key: BEHPKSVC4IHNZ7YXP2K5TAVZYVYUAO57E — Jihan Wu (@JihanWu)...Read More
Bitcoin Cash floated above its 200-SMA and a move below this level was not expected over the next few trading sessions. ALGO’s short-term movement was mixed and a move in either direction would be dependent on cues from the broader market. Finally, DGB formed a bullish divergence on the CMF, projecting that the price could...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero‘s price was hovering just above the lower trendline of a bearish pattern at press time, with the crypto anticipating a bounce higher. A successful bounce could push the privacy coin’s price up by...Read More
EOS was trading below its 200-SMA and projected a prolonged bear market as its indicators favored the selling side. XEM targeted a move above the $0.229-resistance, backed by a surge in trading volumes and buying activity. Finally, COMP failed to breach its immediate resistance and a shift of momentum towards the bearish side could see...Read More
Bitcoin‘s price is range-bound in the short to medium term for sure, but in the long-term, the price has been showing no bullish signs. Hence, an obvious place to turn to is the past. Although the past tells a brief and unclear story, it is a story that cannot be ignored. The history of Bitcoin...Read More
Donald Trump is no longer President of the United States. Democrat Joe Biden is the 46th President of the United States and Janet Yellen is the Treasury Secretary in his administration. Despite a change in government, the underlying problems in the economy remain the same. The question thus is – Does this change the trajectory...Read More
Stellar Lumens traded below its 20-SMA and underlined a bearish market as the price headed towards its $0.24-support level. WAVES moved below an ascending parallel channel and a fall towards the $6.4-support could offer confirmation to the pattern. Finally, DASH found support at $130, but limited buying activity and trading volumes could keep the price...Read More
Many of the market’s altcoins gained significantly on the price charts around the 17th and 18th of January. However, this wasn’t to last, with the likes of Cardano, Cosmos, and YFI soon depreciating on the charts on the back of Bitcoin’s lacklustre performance. ADA, ATOM, and YFI’s movements weren’t uniform though, with the alts’ recovery...Read More
While Ethereum, the world’s largest altcoin, may have had a good few days on the price charts, this hasn’t been the case for the rest of the market’s alts. In fact, while ETH surged to a new ATH, the likes of Bitcoin SV, Ontology, and Zcash continued to depreciate. This wasn’t unexpected, however, especially since...Read More
The speculations about whether Bitcoin is heading toward mainstream adoption does not seem to die down. After corporations such as Grayscale and MicroStrategy raked up more of the asset, recently, every analyst seems to have an opinion about the debate. Bitcoin even seems to be popular among Wall Street legends, such as Paul Tudor Jones,...Read More
Coinbase ‘Year in Review’ 2020 report stated that there was a growing institutional demand for Ether, amid increasing corporate investments in Bitcoin. According to researchers at Coinbase Institutional, while the exchange’s clients predominantly bought Bitcoin last year, a growing number also took positions in Ethereum. Source: Coinbase Most institutional clients at Coinbase think of Ethereum...Read More
XRP formed a bullish reversal pattern and was set to test the $0.3 level of resistance over the next few days. Tron showed bullish momentum as the recent spate of selling appeared to have ended. Synthetix surged to $17.7 from $14 and could reach $20 in the coming days. XRP Source: XRP/USD on TradingView XRP...Read More
MicroStrategy’s Michael Saylor recently made bullish statements about Bitcoin in a recent interview. While reiterating the personal custody features of the asset, the CEO asserted that even if somebody “holds a gun to your head” nobody, including tax authorities, can “take Bitcoin away from you.” Saylor, who once revealed his personal Bitcoin holdings added: You...Read More
From a lowly $0.17 on 1st January, Cardano has taken an authoritative charge in the market, rallying by more than 100% over the course of the past 3 weeks. Currently valued at $0.360 on the charts, Cardano had a market cap of $11.18 billion sitting tightly at 6th in the market. Cardano 6-hour chart Source:...Read More
The collective crypto ecosystem exhibited a significant decline on the 21st of January. Bitcoin dropped down to $28,880 and after registering a new all-time high, Ethereum dropped down to $1081. However, while Ethereum and other altcoins have managed to recoup higher levels in the charts, Bitcoin is still struggling below its immediate resistance range. At...Read More
