German Finance Minister Olaf Scholz has taken a hard-hitting stance at Libra, Facebook’s cryptocurrency project. After participating in a meeting in which the G7 countries met, in part, to discuss crypto regulation, Mr. Scholz issued a statement in which he called Libra ‘a wolf in sheep’s clothing’. Nonetheless, finance ministers and central bank bosses from...Read More
During a recent G-7 meeting held on 7 December, US Treasury Secretary Steven T. Mnuchin hosted a discussion that included ongoing responses to “evolving landscape” of crypto assets and other digital assets. In addition to this, officials and G-7 members discussed national authorities’ work to prevent the use of cryptocurrencies for “malign purposes and illicit...Read More
Ethereum, the market’s second-largest cryptocurrency and the king of the altcoins, exhibited bullish bias at the time of writing. For the same, there seemed to be more than two reasons behind it. With the cryptocurrency’s price trading at $600 per coin, more price appreciation may be incoming and here’s why, On-chain metrics Ethereum investors Source:...Read More
CEO and founder of the digital currency company Circle, Jeremy Allaire thinks that the Biden administration is likely to be supportive of cryptocurrencies and the benefits the US can obtain from them. In Allaire’s opinion, Joe Biden and his administration will ultimately be supportive of cryptocurrencies because it signifies an infrastructure change as big as...Read More
A court in Paris sentenced alleged Russian Bitcoin hacker Alexander Vinnik to five years in prison for crimes connected to money laundering and for providing false information about the origin of the proceeds. In addition to this, Vinnik has been ordered to pay a fine of 100 thousand euros ($121,000). Suspected of a bitcoin fraud,...Read More
With Bitcoin’s price trending closer to $20,000, on-chain analysts are suggesting that an upcoming correction may soon become inevitable. This is a strong possibility, despite the consistent buying and demand generation by institutions and whales. While retail/institutional traders may not be bearish just yet, according to popular on-chain analyst Willy Woo, “Bitcoin on-chain structure saying...Read More
Ethereum registered its highest weekly close in the past 120 weeks with a price level of $601.95. While the short-term outlook and momentum remained neutral over the past few days, ETH bulls might be able to bounce off the $580-support and attempt to go past $620. NEM and FTX Token were also on a strong...Read More
Major cryptocurrencies Bitcoin, Ethereum, and Tether have all got a mention on the Season 11 premiere of the long-running American comedy-drama television series “Shameless” which features on Showtime. The first episode – ‘This Is Chicago’ shows how Kevin (Steve Howey) is confused about the plight of one cryptocurrency user who says: My Bitcoin. It’s down...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Cardano’s valuation was continuing to hold its position above its immediate support level at $0.138, at press time. It must be noted, however, that over the past 2 weeks, it has declined gradually from...Read More
With over 1 million ETH amounting to nearly $690 million being staked in the ETH 2.0 deposit contract, more and more exchanges and custodians are making staking services available to thousands of its users. In fact, Binance, Huobi, Kraken, OKEx, and Coinbase have already offered ETH 2.0 staking options to their users, with rewards ranging...Read More
2017, the year of the historic bull run, was also the year of extremes. On the contrary, 2018 was the year of the big drop while 2019 was the year when the brave HODLed and weak hands sold Bitcoin. Source: Coinstats The year 2020, however, may go down in Bitcoin’s history as the year of...Read More
Bitcoin’s dominance was as high as 63.6% at press time after registering a hike that saw it climb from 61.6% last week. A sustained rise in this metric could spell trouble for the market’s many altcoins. Bitcoin SV‘s bulls attempted to defend the $183-level after breaching it a few hours before press time. Further down...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin, the world’s largest cryptocurrency, briefly tested the $18,500-mark again on 5 December as the king coin continued to consolidate higher up the charts. While the recent collapse down to $16,200 on 26 November...Read More
The ratio of the 24-hour Open Interest [OI] change and market cap seemed to highlight an interesting trend on the question of which coin is the most leveraged in the market. Interestingly, the most leveraged cryptocurrency isn’t Bitcoin or any other crypto in the top 10 of CoinMarketCap’s charts. In fact, the most leveraged cryptos...Read More
Bill Winters, CEO of Standard Chartered Bank, is the latest representative of a financial giant to address the phenomenon of digital currencies. Speaking at the Singapore Fintech Festival, Winters said that the creation and adoption of digital currencies is “absolutely inevitable,” an opinion that was quite a turnaround from the one held by these institutions...Read More
Almost any successful person set financial goals. The lack of such a purpose and a plan of action forces people to waste time, miss opportunities and always stay depending on the circumstances. Setting financial goals is necessary for anyone, regardless of their profession or income. What’s more, it doesn’t matter what interests you have. You...Read More
Bitcoin price and Ethereum price reached the yearly highs and within no time initiated the correction phase. However, in between the major cryptos retrace, some other digital assets surge to touch new highs. Sushiswap (SUSHI) Price SUSHI price surged drastically within a small timeframe as the collaboration with Yearn Finance was announced. Since then the...Read More
Secret Network, a Layer 1 privacy-enabled blockchain, has announced that it will be bringing programmable privacy to the Ethereum blockchain on 14 December. The mainnet, scheduled to launch next week, will enable the Secret Ethereum Bridge that will create bridge mining opportunities for ETH and ERC-20 holders. This will also allow users to create synthetic...Read More
FRMO Corp., a reputed financial risk management company, is in the news today after it recently made a case for investing in cryptocurrencies, particularly XRP, via its latest Shareholder letter. Highlighting the fact that the United States’ M-2 money supply had risen to $18.259 trillion at the time of writing, FRMO claimed that the crypto-business...Read More
Digital assets are protected by powerful cryptographic algorithms, but they still get stolen in various cyber-attacks. To solve this problem, Bitcoin Vault (BTCV) has introduced an innovative opportunity to fight back. As cryptocurrency adoption grows worldwide, security becomes a bigger threat, with many users left looking for a solution. And the bigger the funds, the...Read More
Stellar Lumens was in a phase of consolidation before a breakout from the $0.172-level on the charts. Further down the crypto-ladder, while Polkadot had bearish momentum and could lose the $5-support level to the bears in the coming days, Status formed a descending triangle and expected a breakout over the next few days. Stellar Lumens...Read More
Crypto.com is proud to announce that it has secured an Australian Financial Service License (AFSL). The AFSL was secured via the acquisition of The Card Group Pty Ltd., which was approved by Australia’s Foreign Investment Review Board. Terms of the acquisition have not been disclosed. Securing an AFSL is yet another milestone in Crypto.com’s longstanding...Read More
Following a weekend dip into mid-$18K territory, Bitcoin prices have recovered to top $19K once again and are currently trading just below $19,300. A range-bound channel appears to have formed in this range as the asset fails to top the psychological $20K barrier. It’s highest price as recorded by Tradingview.com was a touch over $19,900...Read More
