Ethereum’s Vitalik Buterin took to Twitter to warn the crypto community against taking personal loans to purchase Ether and other cryptocurrencies. In a Twitter post published on Monday, Buterin asked his followers not to take out personal loans to buy ETH or other assets in response to a user’s tweet that he addressed. The anonymous...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice For most of 2020, Bitcoin SV’s price movement has been contained within the resistance level of $235 and the support level at $150. While the trend has appeared both bullish and bearish, the latest...Read More
Bitcoin Cash and Crypto.com Coin could be set to trade within a range over the next few days as they lacked any momentum in the short-term. However, while Bitcoin Cash noted a balance between the market’s buyers and sellers with respect to the volume bought or sold, NEM saw a breakout to the upside and...Read More
For many, DeFi was the hot property of 2020, thanks to the growth it recorded over the course of the year. In fact, while at the beginning of 2020 the TVL was a “mere” $675 million, the figure had risen to just under $15 billion, at the time of writing. Source: DeFi Pulse It is,...Read More
Bitfinex has added four new assets on Bitfinex Borrow, its peer-to-peer (P2P) digital token lending/borrowing platform. The latest digital assets added, including XRP, Litecoin LTC, EOS and Polkadot DOT, can act as collateral to obtain crypto and fiat loans. 📣 On Bitfinex Borrow you can now get a loan using the following collateral: XRP ($XRP)Litecoin...Read More
Zhou Xiaochuan, former Governor of China’s central bank revealed today that the nation’s long-awaited Digital Currency Electronic Payment or its CBDC, digital yuan, is not being issued as a replacement to global fiat currencies such as US dollar or Euro, according to a local report from the SCMP. During the Shanghai Financial Forum, the official...Read More
Over the past few trading sessions, many of the market’s major altcoins have registered gains. And yet, for some of them, the gains were only a pullback in their downtrends. Ontology and DigiByte were some examples of coins on a downtrend over the past two weeks. They had a bullish November, but have been unable...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Binance Coin, at the time of writing, was registering a minor spike after re-discovering its position above $29, following a dip below $26. On the back of an uptrend, BNB surged over the course...Read More
In what is a much-awaited development, the IOTA Foundation has just announced that the Chrysalis Testnet will go live on the 14th of December. Chrysalis, also known as IOTA 1.5, is the mainnet’s intermediate stage before Coordicide is complete. Chrysalis testnet coming tomorrow. Stay Tuned!#Chrysalis #IOTA pic.twitter.com/mDnOkw928W — IOTA (@iotatoken) December 13, 2020 The Chrysalis...Read More
Monero was one of the least affected large-cap altcoins when Bitcoin registered some volatility over the past few days. It climbed past the $150-mark and could note further upside over the next few hours. Further, while Steem appeared to be on a strong uptrend once more, Compound held on above the $140-level of support. Monero...Read More
Bitcoin’s ascent past $19,000 lent some strength to the altcoin market as Stellar Lumens broke out of a falling wedge and headed towards $0.2 over the next few days. On the contrary, Waves was held back by selling pressure over the past few days and could break beneath a level of support while Dash showed...Read More
Disclaimer: The findings of the following article ar the sole opinion of the writer and should not be taken as investment advice Litecoin, the cryptocurrency dubbed the silver to Bitcoin’s gold, has emerged out of its bear market quite gracefully. Its 2020 YTD returns, at the time of writing, were 90%, a figure that wasn’t half...Read More
Ethereum showed strength in the market and recovered from the $540-level it dropped to a couple of days ago. Augur experienced significant volatility in recent weeks. Finally, FTX Token continued to climb on the charts, with the crypto on an uptrend it has been on since early November. Ethereum [ETH] Source: ETH/USD on TradingView ETH...Read More
Bitcoin’s recovery over the past couple of days from $17,600 to $19,200 was accompanied by rising Bitcoin dominance. Large-cap alts gained in value over the same period, but in general, they were not as quick to surge. Polkadot broke past the $4.8-resistance level, but it saw bears and profit-taking around the $5 region. EOS broke...Read More
Bitcoin SV recovered somewhat following the gains Bitcoin posted over the past couple of days, with BSV approaching its level of resistance on the charts. IOTA was trading just above its level of support, and a rise past $0.3 signaled that a test of $0.326 was imminent. Nano gave a bullish signal and posted some...Read More
Tezos has recorded losses over the past couple of weeks and it was heading back towards the $2-level of support, at the time of writing. Basic Attention Token was also on a downtrend since early-December and found support at the $0.2-level. Finally, Dogecoin was consolidating at its level of resistance. Tezos [XTZ] Source: XTZ/USD on...Read More
A hard fork was initiated on the Cardano network a few hours ago, one that has largely gone unnoticed, presumably due to the way in which it was executed. The hard fork was initiated to introduce the token locking mechanism to the Cardano blockchain and the complete transition will now take place on 16 December...Read More
Chainlink sat atop an important level of support, the loss of which would confirm that the market’s bears were in the driving seat in the LINK market. Synthetix registered a notable lack of buying volume in recent weeks, and it could continue its descent past $4.2. Finally, Status formed a bullish pattern and could see...Read More
According to a recent announcement, a smart contract development platform for Tezos, Smart Chain Arena (SmartPy.io), is the newest recipient of a blockchain integration grant from Chainlink. The grant will enable Chainlink price feeds to be integrated on Tezos, something that will help the blockchain platform build next-generation DeFi products. The Chainlink Community Grant Program provides...Read More
In anticipation of the airdrop of Spark tokens, the number of addresses holding XRP rose dramatically recently. At the time of writing, it was still unclear what effect this development would have on the cryptocurrency’s price. Further down the crypto-ladder, while NEM witnessed a bullish reversal and tested the $0.252-resistance level, VeChain registered a bullish...Read More
The Crypto Fear and Greed Index registered a value of 90 at press time, with calls for a deeper Bitcoin correction yet to come to the fore. Stellar Lumens was on a downtrend over the past three weeks, but it could see a breakout to the upside in the coming days. Aave saw a bearish...Read More
Most of the crypto-community is obsessed with titles. Any cryptocurrency or a blockchain project advertised with the title of XYZ-killer is particularly popular. Ethereum, the world’s largest altcoin, is often the target of such dubious comparisons. The latest to do so is Coinbase after it recently published a blog that identified 9 blockchains it classified...Read More
The last few days saw the altcoin market shed a lot of value, with some coins losing double-digit percentage points over the past week. Monero did not see significant selling volume over the same time period, something that hinted at its strength in the market. Waves was rocked by the latest bout of Bitcoin volatility,...Read More
Cardano’s ecosystem has been one of the most active ones this year, with every passing month bringing with itself a host of updates and developments. It is in the news again after Founder Charles Hoskinson recently shared a few updates on Cardano’s strategy in Africa. According to Hoskinson, it is likely that there will be...Read More
Tron appeared to have found the $0.0275-level as the bottom for its most recent drop, and a bullish setup predicted a recovery towards the $0.03-level over the next few trading sessions. Algorand saw heavy trading and a sharp spike back towards a level of importance at $0.31, a level which it would attempt to flip...Read More
MassMutual was in the news recently after it bought $100 million worth of Bitcoin, news that billionaire Mike Novogratz responded to as “might be the most important BTC news of 2020.” On the back of such a development, Bitcoin Cash exhibited a bullish divergence on the charts and rose towards the resistance level at $267....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 SV’s surge above the $200-resistance level was long-awaited, but it was extremely brief when it actually happened. The crypto-asset dropped below $200 within 24-hours and since then, Bitcoin SV has re-visited its common...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice It has been the same old story for EOS. After registering a high of $4.01 on 24 November, it has been a period of consistent decline for the crypto-asset. The cryptocurrency’s valuation at press...Read More
The demand for Chainlink’s price feed has been rising by the day, with the same receiving new endorsements from more and more participants in the crypto-ecosystem. Prosper is the latest one, with the protocol announcing the completion of its mainnet integration with Chainlink’s Oracle network. Prosper is a decentralized short-term prediction market and hedging platform...Read More
While DeFi has been the most popular buzzword of the year, it is a space that is fraught with risks. In fact, a recent report by BraveNewCoin outlined a series of 18 serious non-financial risks for DeFi, a report addressing the inherent risks that a user may be exposed to when diving into this ecosystem....Read More
