During the past week, many altcoins seemed to have posted substantial gains. Popular altcoins like Binance Coin, IOTA, and Cosmos all surged in terms of their trading price registering a hike up to 30 percent. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin currently occupies 9th spot of CoinMarketCap’s list with a market capitalization of...Read More
Kenya’s local cryptocurrencies are helping communities survive the coronavirus crisis. One example is the recently-launched Sarafu, which is used alongside the Kenyan Shilling to make payments locally. Crypto Industry is Not Only About Speculation The cryptocurrency market is normally discussed from the perspective of investment opportunities. However, many coins and tokens have a real utility...Read More
Although Cardano has hit a level last seen in 2019, all the coins [Zcash and Stellar Lumens], show a potential retracement soon. However, the same might not apply to Cardano, especially with the recent Shelley update. Cardano Cardano’s price stands at $0.106 per token and has a market cap of $2.52 billion making it the...Read More
Crypto investors have been eager to trade in a rallying market, however, at the moment the market has been consolidating. With the largest digital asset, Bitcoin bouncing between its immediate resistance and support, traders viewed it as an opportunity to continue hodling until the price bounces. Regular traders however were looking at the BTC whales...Read More
For most altcoins in less than a day’s time, their fortunes seem to be gaining positive momentum. The altcoin market often moves in sync with the price action of the world’s oldest and largest cryptocurrency – Bitcoin and the past 24-hours have been no different. Popular altcoins like Bitcoin Cash, Ethereum Classic, and DigiByte all...Read More
The fourth-largest cryptocurrency in the market, XRP is not a stranger to the volatility in the market. Even though the current state of the cryptocurrency market has been consolidated, XRP has been witnessing this stagnation for a long time now. Despite the sudden drop in XRP’s price, like that noted on 9 June, the value...Read More
Authorities of Chinese city Bayan Nur issued a warning on Sunday after a reported case of bubonic plague. The city is located in the autonomous region Inner Mongolia – one of the world’s most attractive regions for Bitcoin miners. Germ Behind Bubonic Plague Killed a Third of Europe’s Population Bayan Nur’s health committee issued a...Read More
The Bitcoin market witnessed tremendous selling pressure in the $8.8 to $9.3k range and has been unsuccessful in going above this range. At press time Bitcoin had a trading value of $9265 and a 24-hour trading volume of $6.7 billion. Source: CoinStats Despite pressure in the largest digital asset market, some small-cap assets have remained...Read More
The leading cryptocurrency exchange Binance officially announced the acquisition of the Visa debit card platform Swipe. Binance has also listed Swipe’s native cryptocurrency (SXP), which registered a massive price boost of 21%. Binance Buys Swipe Following days of speculation, the popular exchange officially announced the acquisition earlier today for an “undisclosed amount.” Binance and Swipe...Read More
In the past few days, Bitcoin saw a minor movement which had a considerable influence on the altcoin markets. Many coins behind Bitcoin on the coin-ladder have seen isolated swings, one among them is Litecoin, the silver to Bitcoin’s gold. Over the past two days, LTC has surged by over 7.3 percent, defying its short...Read More
Ethereum saw a 1% price hike over the past 24 hours as the coin reached $240. The cryptocurrency rebounded from the strong support at $225 as it edges toward $250. Against Bitcoin, Ethereum finally managed to break the strong resistance at 0.0253 BTC. Key Support & Resistance Levels ETH/USD:Support: $225, $215, $210.Resistance: $245, $250, $265.ETH/BTC:Support:...Read More
The price broke a crucial resistance line after seeing a month-long downward correction to around $0.002274. After gaining 20% in less than 24-hours, DOGE is currently trading at $0.027. DOGE/USD: Pulling Back After Insane Rally Key Resistance Levels: $0.0029, $0.0030, $0.0035 Key Support Levels: $0.00269, $0.00259, $0.0025 DOGE/USD. Source: TradingView The latest surge in the...Read More
Bitmain, the once-dominant bitcoin mining equipment manufacturer, has been struggling with the back-and-forth between Micree Zhan and Jihan Wu. In a new development, Micree Zhan has not only announced a change of bank account but also a new website. On Bitmain’s WeChat group, allegedly controlled by Micree Zhan, a new bank account for the after-sales...Read More
The Commodity Futures Trading Commission (CFTC) has submitted a document to the New York Southern District Court to secure a default judgment against Benjamin Reynolds, the director of alleged fraudulent cryptocurrency scheme Control-Finance. According to reports from Finance Feeds, Reynolds failed to plead or defend the CFTC’s action, thus forcing the regulator to obtain a...Read More
In the past few months as Bitcoin remained stable around the $9,000 mark, a few altcoins rose to the spotlight. While it still cannot be said that ‘altseason’ has arrived, that does not mean that we haven’t had individual altcoin rallies and individual altcoin busts. EOS: Source: EOSUSD via Trading View EOS, the 11th largest...Read More
Veteran market strategist Jeff Saut recently made a bold prediction that the S&P 500 index will skyrocket in the upcoming year to over 4,000. Having in mind Bitcoin’s increased correlation with the prominent US index, such a surge could be considerably beneficial for BTC’s price as well. Saut: The S&P 500 Above 4,000 Within A...Read More
Heralded as the meme coin, Dogecoin has seen a drastic appreciation of 26% overnight as its price rose from $0.00229 to $0.0029, all in a matter of 24 hours. Dogecoin has climbed to the 33rd largest cryptocurrency as its market cap increased from $287 million to $357 million. Source: DOGEUSDT TradingView Dogecoin was on the...Read More
For years the top-3 coins in the cryptocurrency market have not changed. Tether might’ve spoiled the three-wheel party of Bitcoin, Ethereum and XRP by intruding, but it’s less a cryptocurrency, and more a trading tool. These three coins are regarded as the elite in their own fields – currency, network, and institutions, yet in terms...Read More
The past 24 hours were somewhat positive for most financial markets, including the cryptocurrency field. While Bitcoin was on the rise and gained $300 intraday, the S&P 500 index and the Dow Jones are up by nearly 2%. Nasdaq marked a new all-time high after an increase of 2.2% Crypto Market Goes Up Although Bitcoin...Read More
The sudden rise of decentralized finance (DeFi) applications in 2020 has rearranged the cryptocurrency landscape. In a little over two years, a combined sum of $2 billion has made its way into various DeFi protocols, while giving birth to the “yield mining” meme in the meantime. With this in mind, it perhaps shouldn’t be a...Read More
According to Charles Edwards, founder of crypto asset management firm, Capriole Investments, Bitcoin’s Energy value hit an all-time high. That’s not all. The cryptocurrency’s mining hash rate also posted fresh highs yesterday. Will Bitcoin (BTC) price follow next? Bitcoin’s ‘Intrinsic Value’ Is On the Way Up As per a tweet posted by Mr. Edwards, Bitcoin’s...Read More
World Blockchain Summit is geared up to gather the most influential voices in the global blockchain and crypto community this July Singapore, 06 July 2020: Having hosted multiple high-level conferences across the world, World Blockchain Summit (WBS) has established itself as World’s biggest and most-elite Blockchain & Crypto Summit series. While it has proven itself...Read More
