Chinese Bitcoin mining firm Canaan has recorded a loss in yet another quarter but is showing positive signs of a recovery as share price and market capitalization spikes. Following a disappointing initial public offering (IPO) last year and declining inventory sales, the company has seen the balance of power shift considerably to major competitors MicroBT...Read More
United States Department of Justice (DoJ) and the Southern District of New York (SDNY) extradited a member of an alleged AirBit Club ponzi scheme for “internationally coordinated fraud and money laundering ring” and being allegedly involved in defrauding individuals “through investments in AirBit Club.” In a release published on Monday, 30 November DoJ identified one...Read More
The post COVID-19 pandemic economy might see certain economies crashing and local currencies plummeting, which would make Bitcoin theft “a lot more attractive,” according to new research. The study, titled ‘Cyberthreats to financial organizations in 2021,’ was published by Kaspersky’s cyberthreat research team. In it, the authors expect more fraud, targeting mostly BTC, due to...Read More
Yearn Finance’s YFI has been rallying strongly over the past few days, with some in the crypto-community expecting YFI to surge past $30k soon enough. The protocol’s Andre Cronje has been in the news a lot too, especially since Yearn Finance announced multiple integrations within the DeFi ecosystem over the past week. In a recent...Read More
Calling central bank money “unique,” Christine Lagarde, President of European Central Bank, spoke about the future of money and pointed out the positive aspects of the digital euro. While she maintained that the digital euro would only complement physical cash, she did emphasize that issuing a digital euro might become necessary to “ensure monetary sovereignty” in...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered as investment advice Both the 30-day and 60-day correlations of Bitcoin with Ethereum have dropped since May 2020 from 0.95 to 0.51. While this is news to rejoice over, especially for ETH enthusiasts, it may just be...Read More
Crypto exchange Gemini’s co-founders, the Winklevoss twins think Bitcoin will be gaining 25 times its current value as more global investors adopt the leading crypto as a hedge against inflation. In a recent interview with CNBC’s “Squak Box” Tyler Winklevoss said that Bitcoin will be “the best performing asset of the current decade” and stated:...Read More
When the weekend started, Bitcoin’s price had slumped to $16,788. By the end of it, however, Bitcoin was trading close to $18,147. The positive commentary from institutional buyer Guggenheim Partners helped retail traders remain optimistic about the Bitcoin market, despite the 15.6 percent retracement seen on Thanksgiving. This was evidenced by the latest surge in...Read More
While Bitcoin and Ethereum registered gains in the near-term, the altcoin markets shared a bullish outlook. In fact, the Crypto Fear and Greed Index noted a figure of 88, at press time. Further down the crypto-ladder, while Monero faced some resistance in the vicinity of $125, Polkadot’s momentum swung in favor of the bulls and...Read More
Former Chief Digital Officer of design house LVMH, Ian Rogers, will join the French digital asset security company – Ledger – as its first Chief Experience Officer. With this appointment, Rogers will focus on consumer interaction and user proficiency and “accelerate” Ledger’s Business to consumer development. Further, Rogers will be involved in “reinventing the user...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin SV is a long way from its all-time high. While most altcoins are out of the bear market, Bitcoin SV, for some inexplicable reason, still seems to be in it. At press time,...Read More
At the time of writing, ETH was trading at $552, with the cryptocurrency gaining by 6.2% over the previous 24 hours. In fact, the transaction fee for ETH had also risen alongside the rise in demand, relative to the previous week, based on trade volume data from spot exchanges. Closer to the launch of ETH...Read More
After a brief correction phase, Bitcoin rose past $18,000 once again, with the cryptocurrency trading at $18,501, at the time of writing. Bitcoin Cash could see a minor dip, but it can be expected to flip the level of resistance at $288 to support in the coming days. Further down the crypto-ladder, Synthetix recovered strongly...Read More
One moment Bitcoin looks set to breach its all-time high and the next, it’s down by $3,000. Welcome to crypto! In a bull market with bearish overtones, a lot can be lost in the noise. For instance, if you’d bought Bitcoin last week and sold it this week, you’d be down by around 14 percent....Read More
Ethereum, unlike Bitcoin, had a relatively active weekend in terms of price action, with ETH hovering around the $550-mark, at press time. In fact, Ethereum shorts equivalent to over 2500 ETH were liquidated across derivatives exchanges like OKEx and Binance. While more and more retail traders expected ETH’s price to slow down over the weekend,...Read More
With the 1st of December and the scheduled launch of ETH 2.0’s Phase 0 looming with every passing hour, crypto-exchanges are preparing themselves by offering new ETH 2.0 staking services. Popular crypto-exchange Huobi has taken the lead in this respect, with the Singapore-based exchange announcing the launch of ETH 2.0 One-Click Stake Function a few...Read More
Litecoin pictured a bullish divergence on the charts and bounced strongly off a Fibonacci level of retracement. Cosmos also moved with notable trading volume past a level of resistance and seemed to be heading higher. Finally, Decred formed a double bottom a few days ago and rose to test a region of supply at $24....Read More
Bitcoin Dominance remained steady at 62.87%, at press time, but Ethereum instilled some courage in the altcoin market bulls after its hike that took it past $550. Tezos and Augur noted some short-term bullish momentum over the past few days, while Verge did not see either the buyer or the seller side seize the initiative...Read More
Although Bitcoin has recovered from its vigorous price losses during the Thanksgiving massacre, analysts from JPMorgan Chase & Co believe that further declines may still occur. The strategists pointed out that Grayscale, through its Bitcoin Trust, will play a significant role in future BTC price developments. Is Bitcoin To Head Further South? The primary cryptocurrency...Read More
2020 has been a year of uncertainty. Not only did a pandemic take down markets the world over, but the crypto-market wasn’t immune either. With the end of the year looming, it would now seem that many investors are having a different sort of dilemma. With the market just beginning to price in the effects...Read More
100x Group are delighted to announce our continued financial support to open source developer Alex Hultman for his work on µWS. The project provides high-quality, lightweight, and scalable websocket support for NodeJS systems, allowing us to have a smaller server footprint to support our clients without sacrificing reliability. Alex introduced stream compression to the project...Read More
The altcoin market, at the time of writing, was on its way towards recovery. Ethereum flipped $550 to support and rose steadily on the charts, prompting alts to climb alongside it. EOS and Basic Attention Token had a bullish outlook in the short-term, having recouped nearly half the losses following the recent drop. Finally, VeChain...Read More
Financial historian and Milbank Family Senior Fellow at the Hoover Institution at Stanford University, Niall Ferguson, has penned a lengthy piece on Bitcoin which is getting noticed by the crypto community. In it, the former Harvard and Oxford University professor commented on how the traditional naysayers and debunkers have softened their collective stances this year...Read More
