Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s long-term market and its impact on the price The Bitcoin market has been surging over the past couple of days and given the strong correlation between Bitcoin and its hard fork, Bitcoin Cash [BCH], the latter has noted a...Read More
Bitcoin surged to $11,498, before it dropped to a local low of $11,235, all within just a few hours. In fact, Bitcoin’s move up saw other crypto-assets in the space climb too, while its brief drop contributed to other assets following its footsteps. Bitcoin SV and Decred have been posting strong gains on their charts recently,...Read More
Popular crypto-exchange Binance shot to prominence within no time, with the exchange today enjoying its status as one of the market’s most trusted exchanges, despite the fact that it is centralized. In fact, Binance has been avidly looking out for demand in the market, following which, it has over the past few months launched an...Read More
With the cryptocurrency recently recording its high for 2020, Monero could be at the beginning of a long-awaited bull market. NANO too was registering strong buying momentum, with the digital asset’s charts noting a bullish rectangle pattern. Finally, Ethereum Classic also continued to record appreciable gains on its charts, rising significantly above a crucial support...Read More
Bitcoin’s value proposition as the go-to store of value asset has resonated fairly well. Alas, the intrinsic qualities that enable it to perform as a store of value on such a decentralized level have acted as a barrier to it taking off as a revolutionary payment system. Over the past week, Bitcoin has seen its...Read More
The recent rise of Litecoin appeared not to have the backing of buyers, with LTC expected to head lower on the charts once more. This was interesting since it came amidst reports that institutional investors could be turning to Bitcoin as a hedge against inflation, with the world’s biggest cryptocurrency moving past $11,200 recently following...Read More
If you haven’t turned a profit in a while, well, you are not alone. In fact, a recent study by Brazil’s University of São Paulo found that of the share market day traders who persisted for more than 300 days, 97% of them lost money. Further, the study found that the top day trader among...Read More
With both Bitcoin and Ethereum noting some much-needed market momentum, altcoins seemed to be on the rise again over the weekend. Synthetix and VeChain were few of them, with the alts on the brink of kicking off another rally, with strong bullishness visible on their charts. EOS, however, fell to the overbought zone and hit...Read More
A recent report exploring the Q3 2020 developments in the decentralized finance ecosystem confirmed the narrative that it was the best quadrant for the entire field. Additionally, it highlighted Ethereum’s massive role as the underlying technology but also broached several potential competitors, including TRON and EOS. Confirmed: DeFi Exploded In Q3 2020 The analytics company...Read More
The altcoin market relies heavily on the price action of the world’s largest cryptocurrency, Bitcoin, and such has been the case over the past few days. Since the start of August, XRP has been confined to a descending channel formation. However, the recent surge in Bitcoin’s price, one that enabled it to break the $11k-price...Read More
Tezos, QTUM, and Polkadot, all registered a brief price correction on the charts over the course of the day’s trading session. Despite such corrections, however, the overall gains were up by almost 2% since yesterday for each of these digital assets. While Tezos and Polkadot were noting some bullish weakness, QTUM signaled a dip in...Read More
Unlike a Bitcoin proponent, Gold bugs never say ‘you should’ve bought the gold dip.’ Have you ever wondered why? The immediate answer would be Bitcoin is volatile, it’s up today, down tomorrow. On some days, it’s down by 50 percent or more, those are days when you should’ve bought the dip. On the other hand,...Read More
South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80.3 billion won ($60.2 million) by the country’s National Tax Service (NTS). Bithumb, for its part, was quick to resist, with the exchange arguing that this charge was baseless on the grounds that the country did not even...Read More
IOTA Co-founder Serguei Popov yesterday released the latest update on IOTA’s recent developments, describing October as a busy month for the team. These developments included the Pollen Testnet Implementation, a development that saw the mana spec implementation come to life with improved base mana functionality like mana calculations and metrics collection, as well as the...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a bullish trajectory yet again, at the time of writing. This, despite the fact that for long, BTC has been accused of being either too volatile or moving too sideways. While the analysis drawn out over the past few months has alternated between derivatives impact, on-chain...Read More
The concept of central bank digital currency (CBDC) has progressed quite well and is becoming inevitable. It is a new form of fiat currencies issued by central banks in digital form using centralized or permissioned distributed ledgers. Many countries are researching or are already closer to launching a national digital currency. But a joint paper...Read More
In what is big news for the community, Curve and Matter Labs have announced that they have taken the next big step towards scaling Ethereum – a zkSync L2 smart contracts testnet with Curve Finance as the first resident DApp. Ethereum’s L2 is on 🔥! @the_matter_labs and @CurveFinance teams are excited to unveil the first...Read More
The cryptocurrency industry has no doubt been maturing over the past couple of years, especially after the parabolic market development in 2017. The underlying technology behind cryptocurrencies – blockchain (or distributed ledger) has become more appealing to a range of corporations for various reasons. CryptoPotato recently reported that the tech mogul IBM has partnered with...Read More
Bitcoin took a break from trading during the month of September, with relatively low volatility. As shown on the following 4-hour chart, the marked symmetrical triangle was basically the story of September: Started with a massive dump and a slow consolidation, since then, around $10,600. As can be seen below, Thursday signaled a breakout –...Read More
At press time, Ethereum had rocketed from $350 to $374 within 24 hours, in a move that boded well for the rest of the altcoin market. In fact, the general bearish sentiment around altcoins appeared to have swung to welcome a more bullish outlook. Stellar Lumens and NEM showed strong signs of bullishness, while DigiByte...Read More
After trading below $11,000 for weeks, Bitcoin finally broke above that psychological level with a 5% increase in the past 24 hours. The altcoins have come along for the ride, and the market cap has jumped by nearly $20 billion since yesterday. Bitcoin Breaks Above $11,000 Bitcoin was steadily increasing in the past few days...Read More
Xunlei, a $220M-worth Nasdaq-listed cloud computing and blockchain company based in China, is at the center of a controversy after the company announced that its former CEO, Chen Lei, was under police investigation for dereliction of duty and embezzlement. Lai is also accused of misappropriating tens of millions of yuan over the past year in...Read More
Will Ethereum Soar as it happened before? The much-awaited bitcoin rally occurred with the price crossing $11000 and recording $11,384 at the press time with a gain of 4.5 percent in 24 hours. This surge is speculated mainly due to Jack Dorsey announcing Square purchasing Bitcoin and probably also due to the US announcing some...Read More
The last quarter of 2020 just began. Considering the recap of 2020, the year was pretty good for the crypto space. Much positive news in the market with great levels of adoption during the pandemic period. On the contrary, crypto space also witnessed a steep decline in price, market capitalization, etc. This, however, did not...Read More
