Layer 2 scaling developers at the Plasma Group have recently announced the launch of their Optimistic Ethereum testnet, which will be deployed on projects to test much needed scaling solutions. Essentially, Layer 2 scaling involves taking work off the root chain to process data and transactions faster. The team has built a system called OVM,...Read More
Bitcoin Options are holding steady, despite Friday’s expiries that amounted to over $1B. As predicted a week ago, the expiry event was a smokescreen. In fact, the outcome was the opposite of the anticipated crash on the CME, with Open Interest and Volumes remaining consistent. According to data from Skew, $7B worth of contracts expired...Read More
There have been a lot of difficult events in the world this year: a global pandemic, shelter in place, social unrest, widespread protests and riots, and west coast wildfires. There seems to be additional bad news every day, including recent events regarding Breonna Taylor. On top of that we have a contentious U.S. election on...Read More
When it comes to cryptocurrency adoption, the past year has been dominated by the fact that institutional investors are now pouring into the digital asset market. In light of growing regulatory clarity and products like those offered by Grayscale that make traditional investors feel right at home when dealing with crypto, the last 12 months...Read More
Chainlink was noting some bullish momentum in its market in the near-term, but it still had an important level of resistance to reclaim to flip its bearish medium-term outlook to bullish. This comes after a recent report suggested that Chainlink had decoupled from Bitcoin. FTX Token rose past a level of resistance. but the market was...Read More
MicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional interest since it has long been considered to be an important driver of Bitcoin’s price. During the historic bull run of 2017, institutional interest was key...Read More
Chainlink and its marines are in utter disbelief after the coin dropped by 62% from its ATH in just over a month. Regardless, the marines have diamond hands and are holding their bags, especially retail. Their patience might be rewarded soon, however, as the price was pointing towards a bullish breakout soon. However, the bears...Read More
Stellar Lumens’ charts pointed to bearishness in the short-term after it was unable to scale a level of resistance. In fact, XLM has been forming lower highs for over a month, highlighting a downtrend over the longer time frame as well. STEEM too formed a bearish pattern on the charts and was poised to drop...Read More
RioDeFi’s readying for India with INR banking services for RioDeFi ecosystem & RFUEL token RioDeFi is creating a payments ecosystem that builds bridges between traditional finance and the digital asset services universe. At the heart of this ecosystem is RioChain. Built on Parity’s Substrate framework and interoperable with the Polkadot network, it stands to become...Read More
The popular digital asset exchange Huobi Group has compiled a study exploring the investment profiles of cryptocurrency traders in emerging markets. It concluded that digital assets such as Bitcoin and Ethereum have become “the first point of entry to financial management for many individuals.” The majority of the survey’s participants came from Europe, Asia, Africa,...Read More
Bitcoin has been treading higher every day and was priced at $10,700, at the time of writing. While most of the market is still hesitant due to choppy market moves, there is an upside to this. The overall market sentiment has shifted recently from being fearful to one of neutrality, after a small Bitcoin surge....Read More
Let’s face it, no one wants to buy Bitcoin. Let me explain. What I mean is, no one wants to buy Bitcoin at its current price, whatever its price may be. We always tell ourselves, “maybe tomorrow it will have fallen some more, and then I’ll buy it.” And oftentimes, tomorrow doesn’t come. However, some...Read More
Bitcoin Cash defended the all-important zone of $200 and managed to rise past $220 as well, although it remained to be seen if BCH can hold on to the gains made. Cosmos formed a bullish pattern on the charts and was likely to rise past its level of resistance. Maker also showed a near-term bullish...Read More
LINK/USD: Descending Trend-line Can Prevent Further Bullish Action? Key Support Levels: $10, $9.70, $9.24. Key Resistance Levels: $11.15, $12.33, $12.88. LINK dropped into the support at $7.30 (downside 1.272 Fib Extension) earlier this week, and since then, the coin had seen a mini bull run. Through the bounce, LINK climbed back above the $10 level...Read More
Bitcoin climbing to $10,700 may have been a fleeting moment since, at the time of writing, the price seemed to be dropping yet again below the aforementioned level. On a longer-term timeframe, it was bullish, but on a short-term timeframe, the price had just broken out of a bearish pattern at the time. Bitcoin 1-hour...Read More
ARK Investment Management LLC thinks that bitcoin is an asset with one of the most attractive risk-reward profiles. In a recent analysis, the New-York based investment advisory firm made a pretty optimistic call regarding BTC’s growth. Bitcoin’s network valuation could balloon to $1 – 5 trillion in the next 5-10 years. From $200 Billion Today...Read More
Litecoin sailed past its level of resistance on the charts and could register some more gains in the next day or two, before facing its next resistance. Ontology could continue to show bullish momentum in the markets in the short-term. Zcash bulls showed strength too, and were likely to drive prices up in the coming...Read More
Ethereum has been very popular this year, not usually for all the right reasons, however, since network congestion and high gas costs have often kept it in the limelight. While the reason for these issues accelerating was the boom in Decentralized Finance [DeFi] protocols on Ethereum, some projects have already started to work on a...Read More
Although Bitcoin has been trading mostly in the five-digit territory for the past two months, the retail interest towards the asset seems to be declining. Data from Google Trends reveals that the “Bitcoin” searches are at their lowest levels since the COVID-19 crisis emerged during March 2020. Bitcoin and Google Trends 2020 Edition The Google...Read More
EOS has been bearish for the entirety of September, and the crypto seemed unlikely to reverse its trend, at the time of writing. VeChain‘s bulls, however, have been showing strength in the market over the past few days. Brave’s BAT made some gains over the past couple of days too, but it was unlikely to...Read More
Bitcoin has remained relatively calm since yesterday, however, couldn’t overcome the following marked descending trend-line on the 4-hour chart, just around $10,800. The situation among larger-cap altcoins is rather similar, except for Binance Coin (BNB), which has climbed to the 6th position. Bitcoin Can’t Break Above $10,800 In the past 24 hours, the primary cryptocurrency...Read More
Crypto-derivatives exchange BTCMEX has just launched its new linear perpetual contracts. The new contract type will use USDT as a collateral, making profit and loss calculations easier, and more importantly, will allow traders to trade multiple pairs the exchange will offer using a single collateral instead of having to switch from coin to coin as...Read More
