Cryptocurrency

XRP Price Could Plunge Towards $0.2! Will Major Exchanges Delist XRP?

It’s a bearish start to the day for the majors. Failure to move back through early highs would bring support levels into play. The Fourth largest crypto asset by market capitalization, XRP price extended its losses and dropped to a two-month low.   Analysts and traders believe that the XRP market might quickly dry up, causing...
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XRP Selloff Intensifies as Industry Leaders Lament Ripple Demise

The regulator alleges that the company conducted a $1.3 billion unregistered securities offering and failing to provide investors with adequate disclosures about XRP. Industry leaders have been lamenting the demise of the company and some creative soul has even created a CNBC parody advising investors on how to short the asset. This is SAVAGE. CNBC’s...
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Bitfarms deploys 1,000 Whatsminer rigs; acquires 3,000 miners

Canadian miner Bitfarms deployed 1,000 Whatsminer M31S mining rigs. Additionally, the firm will soon acquire 3,000 Whatsminer M31S+ miners which will arrive in late February next year. The firm said this would amp up computing power and drive the growth of DeFi economy. With the addition of these new miners, Bitfarms’ total operating hashrate will...
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SEC Charges Ripple With $1.3 Billion Unregistered Security Offering

The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering. CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field –...
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Italian Banking Association initiates experiments on digital euro

The Italian Banking Association or ABI said that it was collaborating with its ABI Lab to initiate experiments with regard to a digital euro project. The initiative will aim to actively support banks operating in Italy in the process of preparing for the future scenario. ABI said in a statement:  The aim of the initiative...
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XRP vs BTC & ETH? Cryptocurrency industry observers take sides on Ripple lawsuit

Soon after Ripple CEO Brad Garlinghouse said that SEC was planning to sue the firm over its sale of XRP, Billionaire investor and Galaxy Digital founder Mike Novogratz took to Twitter to speak about the recent developments. On 22 December, Novogratz said that he found it strange that Jay Clayton “waited years” to sue Ripple....
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Binance Coin, IOTA, Algorand Price Analysis: 22 December

Binance Coin lost some of its recent gains, and despite the bearish strength, bulls have a hope of defending the $30 level. The same could not be said for IOTA as it appeared likely to drop to an imminent level of support. Algorand reversed directions a few days ago and could retrace all the gains...
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Litecoin, Chainlink, Cardano, Bitcoin Cash? Which alts are close to levels that indicate a bounce in price?

As Bitcoin’s price rallied above $24000 and hit a new ATH, it garnered most of the institutional and retail attention this week and over the past weekend as well. With all focus on Bitcoin, investment flow into altcoins dried up. With dropping demand, altcoin trader profits bled based on data on top 10 altcoins based...
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Ethereum Price Analysis: 22 December

The last three days for Ethereum have been brutal. After capturing a position above its previous high of $637 for 48 hours, the asset has depreciated strongly and dropped briefly under $600 over the past day. Currently valued at $602, Ethereum faces its previous resistance again at $637 and over the next few days, it...
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Bitcoin SV: Craig Wright’s wife wins lawsuit over Bitcoin losses

Craig Wright’s wife Ramona Ang won a legal battle with fintech firm Reliantco that operates crypto exchange UFX. According to court documents, Ramona Ang alleged that she lost bitcoin worth about $3 million after UFX terminated her account on the platform. Ang also claimed that the exchange did not return her funds after it closed...
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Cardano, Monero, BAT Price Analysis: 22 December

Cardano had a long-term bullish outlook as it traded above the mid-range after establishing and sweeping key highs and lows. Yet its short-term momentum was bearish, and a retest of the $0.149 support was likely. Monero dropped beneath a level of support and could head as low as $140 before the bulls step in. Basic...
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Despite Chainlink’s price drop, here’s why hodlers see potential

The performance of altcoins like Chainlink has been quite strong with LINK managing to post returns of 530% to its investors in Year-to-date. Unlike other major altcoins, LINK has not been highly correlated with Bitcoin and this somewhat weak correlation has restricted LINK from surging as much as other alts during the Bitcoin rally. However,...
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Are the prospects for a Bitcoin ETF high in 2021?

With Bitcoin trading above $22600, at the time of writing, the conversation regarding a Bitcoin ETF has started all over again. After all, there are well-developed Bitcoin ETF, ETP markets in Switzerland, ETNs in Sweden, and Germany’s new ETP now stands at $190 Million. Matt Hougan, CIO at Bitwise was quoted talking about Bitcoin ETFs...
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Yet another signal to indicate why Bitcoin’s price peaks will continue

When Bitcoin traders make mortgage payments using a debit card so they can earn cashback in Bitcoin, and call it a cheat code in life, it may be time to check the charts for a price peak. Bitcoin’s price recently crossed $24000 and after hitting a peak, the asset is now trading above $22800 at...
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COMP, LINK, DOT, ATOM, BNB, have you picked your altcoin for the next alt season?

So, which are the altcoins that will help you maximize your returns in the next alt season without actually letting you lose sight of the long-term goal, that is bitcoin? Answering this question will be the goal of this article. Markets, be it stock or crypto are mysterious, to say the least. However, from time...
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RedFOX Labs announce their own Chainlink node

Chainlink’s network growth has been tremendous this year. With major projects integrating Chainlink Oracles, the decentralized project has become a prominent part of the decentralized finance ecosystem. Recently, it added another feather to its cap with RedFOX Labs, a platform supporting esports and gaming applications, announcing that it will be running its own Chainlink node....
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Chainlink, Tezos, Dogecoin Price Analysis: 22 December

Chainlink and Tezos broke out of a descending channel more than a week ago but were unable to sustain the bullish momentum. Tezos even failed to achieve its breakout target as bears steadily drove prices lower, and had the upper hand at the time of writing. Dogecoin saw a strong surge a few days back...
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Kidnappers Demand 100 BTC Ransom for The Son of an Indian Crypto Investor

In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family. 100 BTC for The Son of A Crypto Investor An eight-year-old boy...
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Wirex becomes principal member of Visa in Europe

Wirex, the prominent payments platform based in London, has received a Visa principal membership in Europe. As per the announcement, the membership will allow Wirex to issue Visa cards, offer new innovative products, and apply for additional licenses. This announcement comes in a bullish market wherein Bitcoin has been registering new highs. This has also...
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Polkadot, EOS, VeChain Price Analysis: 22 December

Polkadot bounced off the $4.8 support to reach $5 but bears still appear to have the upper hand in the short-term. EOS was set to retrace all its recent gains due to heavy selling over the past couple of days. VeChain broke to the downside of an ascending triangle pattern and could post further losses...
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Litecoin Price Analysis: 22 December

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The crypto market has been noting gradual drops after a period of consolidation. This was particularly visible in the altcoin market and such was the case for Litecoin’s price action. The coin’s price has...
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Huobi exchange acquires Nevada Trust License and returns to the US

Huobi Group has found its way back into the United States. The Hong-Kong-based company announced that it acquired a trust license from the Nevada Financial Institutions Division for its wholly-owned subsidiary Huobi Trust Company. As per the filing with the Hong Kong Stock Exchange by Huobi Technology Holding Limited: “The board (the “Board”) of directors...
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Bitcoin Cash, Tron, Cosmos Price Analysis: 22 December

The previous day’s Bitcoin drop affected the altcoin market significantly. Bitcoin Cash posted losses of nearly 15%, but bulls had some hope, as long as the price remained above $300. Tron was likely to climb a little higher up the charts to test a level of resistance before another move downward. Cosmos was trading at...
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Anthony Scaramucci’s SkyBridge Capital Seeks SEC Permission to Launch Bitcoin Fund

Following the impressive list of institutional investors who have put their funds into bitcoin in 2020, it appears that more big names are showing interest in the number one crypto asset, after a global investments firm filed with the U.S. SEC to launch a bitcoin fund for accredited investors. According to an SEC document on...
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Ripple to face an SEC lawsuit soon

Ripple’s CEO Brad Garlinghouse announced that the company is being sued by the Securities and Exchange Commission [SEC] and highlighted that this step taken by the SEC was an “attack of crypto”. Unsurprisingly, the SEC’s lawsuit is based on the fact that Ripple is selling unregistered securities and is yet to be announced. A step back...
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India’s CoinDCX raises $13.9M from Block.one, Coinbase Ventures, etc.

CoinDCX, India’s largest cryptocurrency exchange, has raised Rs 100 crores ($13.9 million) from investors to complete the exchange’s third round of seed funding for the year 2020. The Series B round was led by Block.one and included investors such as DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures, and Alex Pack. Back...
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Ledger Users Vent as Attacks Begin, No Refunds From Company

The company itself is offering little assistance and no reimbursements to the escalating number of victims of its slipshod security. The fallout from the second major data leak from the company that promised to be safer than keeping crypto on exchanges is intensifying. On December 21, a hacker leaked the details of as many as...
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SEC filing reveals Anthony Scaramucci’s plans for ‘bitcoin’ investment fund

US Securities and Exchange Commission filing stated that Anthony Scaramucci intends to launch a new bitcoin fund – named SkyBridge Bitcoin Fund L.P- which has been incorporated in the state of Delaware.  The filing detailed that Scaramucci, as well as Brett Messing, a partner at SkyBridge Capital, would hold executive roles at the fund. Additionally,...
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What the drop in Tether’s supply means for Bitcoin’s price

Tether’s market capitalization has mushroomed from $2 billion in February 2019 to $20 billion, at the time of writing. What went behind this 10x growth varies across a host of factors, namely, the increase in OI and trade volume in Bitcoin and the rise of DeFi. It is a story within which several other stories...
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XRP, IOTA, Dogecoin Price Analysis: 21 December

Bitcoin had dropped from $23,980 to $22,900, at the time of writing, with BTC wicking as low as $22,400. On the other hand, XRP was unable to rise past the $0.6-region and faced pressure from sellers, pressure that could see XRP revisit $0.5 once more. IOTA plunged under two of its short-term moving averages, but...
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