Fidelity Investments, an asset management company with about $2.7 trillion of assets under management, will reportedly launch its first Bitcoin-only fund. The product is oriented toward family offices, registered investment advisers, as well as other institutions and will require a minimum investment of $100,000. Fidelity Puts Its Name to a Bitcoin Fund Fidelity Investments is...Read More
The cryptocurrency market witnessed a slow week. The values of major crypto assets were witnessing corrections. However, on one hand, where major assets were reporting only 9% gains in August, small-cap assets were up by more than 50%. XRP Source: XRP/USD on TradingView The XRP market had been deprived of volatility since the second-half of...Read More
The rise in volatility has made the cryptocurrency market a very competitive space as every coin strives to make the most of the active market. Bitcoin, the largest digital asset has been also a spectator of sudden volatility pushing it to a yearly peak of $12,400 on 17 August. After the sudden boost in volatility,...Read More
Even though Russia has had an unstable relationship with crypto, this has not stopped other industries from giving blockchain technologies a chance. The country’s largest state-owned bank has partnered with a major airline in a push to sell passenger tickets for tokens. Sberbank Partners with S7 Airlines S7 – Russia’s largest airline after Aeroflot –...Read More
Bitcoin was trading beneath its support zone at $11,400 while Ethereum also dipped to support at $371. The weak performance of these giants prompted other coins to follow suit. Zcash and EOS have also been caught in a downtrend and showed no signals of reversing the trend. Algorand showed a possible bull pattern but it...Read More
Ethereum Classic has dropped sharply since rising above $7.5 almost two weeks ago. It signaled that a further decline in price could occur. Monero also failed repeatedly to hold on to support levels. Monero could lose 10% in value over the next few days if its immediate support fails. Litecoin had also been sliding in...Read More
XRP fell 6.80 percent on 25 August. The collective altcoin market noted a depreciation of $12 billion which summed up the recent bearish episode of the August crypto cycle. As the month draws towards a conclusion, the valuation cycle seems to be coming full circle as some of the assets were potentially looking at 20-30...Read More
Cardano’s surge, like most altcoins, seems to have come to standstill. The price of ADA has dropped approximately 23% in the last week and 6.7% in the last 24 hours. Cardano 1-hour chart ADAUSD TradingView At press time, ADA was trading at $0.1140, and, by the looks of it, it might slide lower in the...Read More
The 24-hour chart marked one of the strongest correction periods for the collective cryptocurrency space in August. Bitcoin re-tested its support range from $11,400-$11,200 at press time. Taking the king coin’s cue, its forked cousin Bitcoin Cash followed behind and depleted towards a critical range as well. At press time, Bitcoin Cash was valued at...Read More
Lately altcoins have been the talk of the town. From ICOs to defi tokens, altcoins are plenty in number and perhaps Asian traders are to thank for that. FTX is well-known for its listing of new tokens and so is Binance, which listed Nexus Mutual token earlier today [NXM]. (Any common thread you recognize there?)...Read More
Police in Seoul has forayed the offices of one of the biggest crypto exchanges in South Korea, Coinbit. Allegedly the firm has faked more than 99% of its trading volume. Coinbit Banks Over $85M According to a recent news report, authorities stormed the offices of the company early today. The suspicion is that Coinbit has...Read More
XRP dropped by a total of 7% yesterday as it reached as low as $0.27. The coin has since rebounded together with Bitcoin and the rest of the large caps. Against Bitcoin, XRP is forming a bearish triangle on the 4-hour chart, as it is getting closer to its apex (there is a higher chance...Read More
Since the start of 2020, Bitcoin market cap dominance has been challenged valiantly by the altcoins. Their performance, led by the likes of Ethereum, Chainlink, and Cardano, cannot be undermined, and neither can DeFi’s growth be ignored. Source: Arcane Research According to Arcane Research, Bitcoin’s dominance is currently at a yearly low since amassing a 70%...Read More
On Monday, August 31, transfer CELO into your Coinbase Pro account ahead of trading. Support for CELO will be available in all Coinbase’s supported jurisdictions. Per previous launches, transfers will open during business hours, Pacific time. One of the most common requests we receive from customers is to be able to trade more assets on...Read More
The period of altseason has been predicted by many and there has been growing interest visible for crypto. Binance recently added Indian Rupees [INR] on its peer-to-peer trading platform to attract Indian traders but the payment method still posed a problem. On 21 August, Binance added 58 new payment methods, and India’s e-commerce payment system...Read More
House democrats Josh Gottheimer and Emanuel Cleaver have reportedly asked the Trump administration to provide further details on the recent seizure of Bitcoin and other cryptocurrency assets from three terrorist organizations, namely al-Qaeda, Hamas, and ISIS. Further Information Asked For A BTC Seizure CryptoPotato recently reported that the US Department of Justice had seized over...Read More
Altcoin prices were making a comeback this week, while Bitcoin and Ethereum price trends were mixed. Among the top 25 altcoins by market capitalization, only 7 showed positive 24h change in their price. Altcoins with large market capitalization may slow down the ongoing rally. On Deribit (an exchange that commands over 70% of open interest),...Read More
Binance Coin made gains in the past few hours and looked to have reclaimed a support level. Whether this is successful will be revealed in the next few sessions of trading. BAT was retracing gains made during the recent surge. TRX dropped in value almost as quickly as it gained, and it indicated further bearishness....Read More
DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day. While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens...Read More
When the internet was first introduced to the masses, the world was recovering from the impacts of the fall of the USSR & Berlin Wall, Gulf War, etc. The Internet posed as an opportunity for the post cold war world to convert it into a global village. But it has now been reduced to a...Read More
The cryptocurrency derivatives exchange FTX has purchased one of the most utilized cryptocurrency applications – Blockfolio for $150 million. As a result, Blockfolio will add a retail trading experience for its over 6 million users. FTX Buys Blockfolio After recently launching a DEX focused on DeFi trading called Serum, FTX continues expanding, acquiring the popular app...Read More
Bitcoin registered another drop to $11,100 and Bitcoin mining difficulty hiked by 3.6%. Most of the altcoin market followed Bitcoin into the red zone and saw a continuation of the downward trend. Source: Coinstats Bitcoin SV and Tezos set lower highs and could test support. ATOM had been making gains before Bitcoin’s dip and looked...Read More
A newly-detected scam has been luring users into a Bitcoin scam, Abnormal Security reports. The cybersecurity firm informs that cybercriminals have been impersonating the popular Bitcoin Era trading platform to attract investors, while actually infecting their online devices with malware. Emails, Mimicking BTC Era Platform The automated scam emails, which many users have reportedly received,...Read More
A brief glimpse at the Bitcoin price chart over the past decade clearly shows that we are in what appears to be the early days of the fourth bull market cycle. The asset has experienced multiple boom-and-bust cycles in its brief history, and three can be clearly identified with tops and bottoms. 600 Days Into...Read More
Bitcoin volatility gained momentum in late July when its price marked a new yearly high above $12k. However, BTC has shed 6.61% of its value since and was witnessing tremendous selling pressure from traders. At press time, BTC value had dipped to $11,493, while BTC futures on BitMEX worth $7.7 million were getting liquidated. According...Read More
The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato. The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was...Read More
Are these Surging Defi Tokens Bitcoin Competitors? The demand for Defi expanded as Decentralized Finance which is an Ethereum-based blockchain platform designed for lending has skyrocketed in recent days. Specifically, the price of one Defi tokens, YFI has also outperformed the trading value of the largest cryptocurrency, Bitcoin. Moreover, a wave of Defi projects have...Read More
In the cryptocurrency territory, there is no such thing as permanent ground, and of course, there is a rollercoaster ride. Cryptocurrencies have taken investors on a roller-coaster ride, receiving cheers from crypto traders and criticism from naysayers. Many crypto traders appeared ready to move ahead, but things have proved to be very crabby. The EOS...Read More
