Monero fell through a bullish channel to test support after showing a bearish divergence, and it appeared feasible that the price would break beneath the support level as well. Crypto.com Coin invalidated a bullish pattern as it dived past a level of support. IOTA slid ever lower on the charts, in continuation of its trend...Read More
Despite the growing DeFi craze in the past few months, a recent survey compiled by CoinGecko revealed that just 23% participate actively in some form of yield farming. However, many of the farmers answered that they don’t know how to read smart contracts but were enjoying high ROIs. Yield Farming Is A Growing Trend This...Read More
Ex- Ripple CEO and angel investor Chris Larsen acknowledged moving 499,999,979 XRP today, after Whale Alert tracking account published a tweet stating that Larsen had moved XRP worth $115,847,491 at press time, to an unknown wallet with in the following tweet: 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 499,999,979 #XRP (115,847,491 USD)...Read More
Chainlink looked poised to post further losses, as the 15% plunge over the weekend was just one of the many drops in the past month for LINK. Cosmos had been in a brief period of indecision before bears prevailed and pushed ATOM downward. Ontology validated a bearish pattern but in the next few hours has...Read More
Ethereum miners were enjoying the current market condition after the launch of Uniswap’s governance token, UNI. The launch drove the gas cost on the Ethereum network, which resulted in miners pocketing close to $1 million in fees within a single hour. These events along with Ethereum network activity resulted in the ETH miners earning more...Read More
European Central Bank President Christine Lagarde reiterated the Eurozone central bank’s stance that the development of a digital euro is meant to complement, not replace, cash — mitigating fears that Europe’s monetary union is not pushing for a cashless society. The further solidifying of this stance from Lagarde came via yesterday’s online meeting of the...Read More
By Patrick O’Grady In June, we launched Rosetta as an open-source specification that makes integrating with blockchains simpler, faster, and more reliable. There are now 20+ blockchain projects working on a Rosetta implementation (Near, Cardano, Celo, Coda, Neo, Tron, Handshake, Oasis, Cosmos, Decred, Filecoin, Ontology, Sia, Zilliqa, Digibyte, Harmony, Kadena, Nervos, and Blockstack), five in-progress...Read More
ERC-20 token, TBTC, which lets Bitcoin holders safely copy BTC over to Ethereum and access yields from DeFi apps on Ethereum, has been launched and is ready for use on the tbtc.network, according to an announcement from the Keep Network today. According to the release, TBTC is trustless and is fully backed and matched by...Read More
Binance Coin was shedding value rapidly but it remained to be seen if this was a pullback in an uptrend or if recent gains made would all be wiped out. The bearish momentum for Stellar Lumens grew, while Zcash presented a mixed bag of evidence that hinted at the possibility of a quick recovery. Binance...Read More
Ethereum addresses holding more 1,000 ETH have leaked out to a number last seen almost 2 years ago. In 2017, there were approximately 7,200 addresses holding more than 1,000 ETH, however, this was during thebull run and this metric was hitting new highs. Considering the current situation this might seem like a disconcerting issue on...Read More
Disclaimer: The following price prediction should not be taken as investment advice, as it is the sole opinion of the writer. Unsurprisingly, the collective altcoin market could not hold its own over the past 24-hours as the traditional stock market, Gold and Bitcoin stumbled. With major alts already struggling after the early September collapse, XRP’s...Read More
Indian police are investigating a New Delhi-based crypto firm, ‘Pluto exchange,’ which has been accused of swindling Rs 2 crore (approximately $270K) from 43 crypto investors, according to local reports. The Economic Offences Wing of the Delhi Police has suspected one Bharat Verma to be the Director of the crypto company who reportedly lured in...Read More
Bitcoin has returned into its former range between the 0.236 Fibonacci level at $10,446 and $10,000 after prices crashed a further 3% yesterday, around 15:00 (UTC+1). This was the level that took over nine days to successfully clear earlier in the month and could keep prices suppressed again if volume remains low. On the 4-hour...Read More
Bitcoin markets have welcomed volatility in the market. The week began with a sharp fall in BTC value from $10,980 to $10,286. This devaluation of Bitcoin followed a solid recovery effort observed in the market that took place during the previous week. As Bitcoin finally broke out of consolidation on 14 September its value was...Read More
FinCEN files found a link between the infamous Mt. Gox and Mayzus Financial Services and contained 36 SARs and leveled allegations of money laundering at MFS. With the stock market seeing red in the backdrop, the crypto space also bled as some assets saw double-digit percentage point losses. Polkadot, Tezos, and BAT have been in...Read More
The bitcoin-gold correlation has hit record levels, according to data from The Daily Shot, CoinMetrics, and skew. The correlation is being driven by economic and stock market turbulence, with institutional investors increasingly treating bitcoin as a haven hedge against inflation. Correspondence between gold and bitcoin prices will last for as long as the global economy...Read More
132 days post the third halving and Bitcoin is trading at $10450. The price has recovered nearly 25% from the post halving dip, it hit a high of 43.7% ROI last month. The ROI growth is in line with post halving prediction with YTD of 54%. Source: Ecoinometrics Though there is scope for real growth...Read More
A UK national has pled guilty and will be sent to prison for his involvement in the notorious hacker’s group “The Dark Overlord.” The organization breached and stole sensitive information from numerous companies and demanded the ransoms to be paid in Bitcoin. The Dark Overlord Member Imprisoned The US Department of Justice announced yesterday that...Read More
Chainlink has now dropped by a total of 27% over the past week as it crashes beneath $9.00 today. The coin is trading at support at the July high-day closing price as the bulls attempt to stall the downtrend. Against Bitcoin, LINK has fallen into the support at the .618 Fib Retracement at 0.000826 BTC....Read More
They say you need to be brave to invest in cryptocurrencies. In a market where price changes over 10 percent and pump and dumps are a common occurrence, a bit of safety shouldn’t go amiss. Yet, there’s a lack of it. Crypto investors are not just dipping their toes into the cryptocurrency markets, they’re taking...Read More
In a recent report on stablecoins, the European Central Bank (ECB) questioned the accuracy of their name arguing that it may be misleading to users. The paper also highlighted that stablecoins could have a significant role in a digital economy if adequately regulated. The Name Stablecoins May Not Be A Proper Fit: ECB Whether they...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 24-48 hours. While Ethereum’s effort to hold fort near $390 is commendable, it would be inaccurate to state that the industry did not see this coming. With...Read More
[Featured Content] RSK is a popular smart contract platform. It expands the existing functionalities of Bitcoin’s network by delivering greater scalability and the possibility to create, deploy, and import smart contracts on top of Bitcoin’s network. RSKSwap, created by the developer ecosystem, is another contribution to the DEX market, which has seen exponential growth all...Read More
So, Bitcoin crashed again; this time, it dropped from $11,000 to $10,280. This only confirms that bitcoin is range-bound again, between $11,000 and $10,000 with a tolerance of $500 on either side. Like any other crash, this article will identify the reason for the crash and what to expect hereon. Markets move in unison The...Read More
The first-ever Bitcoin ETF will be launched on the Bermuda Stock Exchange (BSX) by Hashdex, a regulated Brazilian fund manager, and Nasdaq after garnering approval for the “Hashdex Nasdaq Crypto Index” four days ago. The news continues Bermuda’s legacy of being a crypto-friendly offshore international business and financial center. Three million Class E shares will...Read More
Bitcoin has only been around for a little over a decade but it has changed the global economic system in more ways than one. Investors across the planet love it for the fact that it kicks the middleman (banks, government systems, etc.) out of the equation. It is also transparent, flexible, accessible, and has massive...Read More
The DeFi space continues to amaze with stunning developments happening on a daily basis. Announced on August 18th through a Medium Post, Meme protocol is quickly catching speed with its native token hitting almost $2,000 a couple of hours back. The interesting thing is that it has a very limited supply of 28,000 tokens and...Read More
Disclaimer: The following article attempts to analyze the evolving patterns in the Litecoin short-term market and its impact on the price. Like the remaining market, the value of Litecoin [LTC] collapsed once again to early-July levels. The selling pressure emerged when LTC was trading at $47 and fell until $41.64. The coin is currently being...Read More
The Office of the Comptroller of the Currency (OCC) is turning out to be the greatest supporter of the US cryptocurrency industry. Yesterday, the banking regulator issued a letter that greenlighted national banks and federal savings associations to hold “reserves” on behalf of stablecoin issuers. The stablecoins in the discussion are fiat-collateralized, i.e., backed by...Read More
The cryptocurrency market saw losses on Monday, as traditional stock markets plummeted sharply. This could be related to news reports that large banks were involved in money laundering transactions. Bitcoin Cash showed it might not register further losses in the near-term. VeChain flipped from bullish to bearish momentum over the weekend. Dogecoin continued to show...Read More
