The central bank of the Netherlands, De Nederlandsche Bank (DNB), announced that it has imposed new Anti Money Laundering rules that now require customers of all local crypto exchanges to “prove” that they control their withdrawal addresses linked to their accounts. Crypto journalist, Aaron van Wirdum drew attention to the DNB’s latest regulations in his...Read More
Ethereum is currently consolidating above $460 over the past couple of days. On 15th November, the asset did re-test a low below $450 but now it looks lively again for a rally upwards. However, amidst such a bullish scenario, it continues to be difficult to ignore the bearish signs that were evident in the analysis....Read More
USDT has replaced XRP yet again, to rank third in market capitalization. Based on data from Skew, it has hit a new high of $18 Billion. On Coinmarketcap.com, Tether’s market capitalization is 0.13 Billion shy of 18 Billion. USDT Market Cap || Source: Skew So is Tether taking on the popular altcoin XRP or is...Read More
Bitcoin Dominance stood at 65.7% as Bitcoin made strong gains while many of the large-cap altcoins followed suit. At press time BTC was being traded at $16,918 with a trading volume of $18.2 billion. Source: CoinStats Polkadot exhibited a bearish divergence but that does not necessitate an immediate pullback. IOTA appeared to begin another leg...Read More
In the past 24 hours apart from making headlines, SushiSwap gained 9.25% based on data from DeFiPulse. The project that earned a reputation as the dead $UNI fork that got hacked by the founder 2 months ago is now working on a strong comeback. The Sushi team has been working in the background. The token’s...Read More
Bitcoin touched $16,800 in recent hours as sentiment in the crypto space continued to be ecstatic. Some metrics pointed toward a BTC pullback, but it would be anyone’s guess to pinpoint the exact local top for BTC. Some altcoins were strongly bullish in the short term. Binance Coin reversed a bearish pattern with an upside...Read More
After clocking in a new local top at $476, Ethereum’s price has been tepid over the past week. Clocking in a weekly change of 0.96% drop, Ethereum might be indicative of a correction period with Bitcoin but larger market sentiment remained poles apart with respect to the price. Source: Skew According to recent Skew data,...Read More
Bitcoin’s performance could positively influence Bitcoin Cash, which has posted a series of lower highs in the past week. EOS retraced most of its downward move from earlier this month, while Dash formed a bull flag and could be poised to test a level of resistance soon. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin...Read More
As Bitcoin hits newer levels and breaks past resistances, it is trading at $16300. Meanwhile, Bitcoin reserves have dropped consistently since October 2020. Down 5.6% since October 2020 and 17.19% since the beginning of 2020, reserves have been a top factor driving the consistent price rally in 2020. BTC Reserves on exchanges || Source: CryptoQuant...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s short-term market and its impact on the price The price of Litecoin has been marching higher every passing hour and reached a value of $74.18, at press time. The surge observed in the Bitcoin market was a driving factor for...Read More
Bitcoin decisively climbed past the $16,000 level as buyers overwhelmed the market in the wake of extremely positive sentiment toward the biggest crypto. Chainlink was unable to perform similarly in the past few days, as its price oscillated about the $12.6 level. Synthetix and Stellar Lumens registered gains in the past few trading sessions and...Read More
Economist Nouriel Roubini has criticized the booming decentralized finance (DeFi) economy by labelling the entire sector as“the new crypto fad” and “junk vaporware.” The American economist took to Twitter on 16 November to root for “great cheap” fintech solutions that he believed will not depend on hyped blockchain technology. He said in a tweet: The...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 Bitcoin SV, the larger bullish trend in the market did not matter at all. Over the past week, its valuation dropped on the back of BTC’s corrections, with the crypto-asset failing to recoup...Read More
Major Cryptocurrency exchange Binance announced that it would now discontinue its own BGBP stablecoin, which was linked to the pound sterling. Other than removing the BGBP/USDC pair, the exchange said on Monday that it would remove several trading pairs, including AE/ETH, BLZ/BUSD, KMD/BUSD and NULS/ETH. In its announcement, Binance said that BGBP/USDC is the last trading...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Polkadot’s price surge took the industry by storm when it began in early September. Surging up to $6.89 in a matter of days, the crypto-asset locked in a position in the market’s top-5 in...Read More
The Securities and Exchange Commission of Pakistan (SECP) is reportedly working towards introducing a regulatory framework for cryptocurrencies, according to a new document published this week. The SEC emphasized that this study focused exclusively on non-government or private crypto assets and not on Pakistan’s central bank digital currencies (CBDC). Stating that it welcomed any comments...Read More
Bitcoin’s dominance, alongside Bitcoin‘s own price, was rising steadily and stood at 65.58%, at press time. While some altcoins posted gains alongside Bitcoin, their performances have not generally been bullish. In fact, Cardano was trading within a descending channel and could lose a level of support shortly. Synthetix and Dash seemed strongly bullish as they...Read More
2020’s crypto-market is very different from the one back in 2017. However, while it has changed a lot over the ensuing years, there remain two constants – Bitcoin and Ethereum. In fact, the two cryptocurrencies continue to retain the market’s top two positions. The constant reshuffling of the pack fuels the question – How will...Read More
A self-claimed Chinese cryptocurrency reporter, Colin Wu, who has an exclusive focus on the crypto mining industry, regulation and exchanges in China, took to twitter today to share that Bitcoin miners based in China are finding it difficult to pay their electricity bills. Colin Wu found that the Chinese local governments have been cracking down...Read More
The Crypto Fear and Greed Index was registering a figure of 90 at the time of writing, expressing a sentiment of extreme greed in the market. Litecoin and NEM reflected this bullish sentiment as they formed bullish patterns on their charts and found strong buyer interest behind their price rise. Verge, on the contrary, noted...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin is probably one of the best exchange tokens out there right now. In fact, its year-on-year growth [from 2018 to 2019] was a whopping 522%. In 2020 alone, BNB has noted YTD...Read More
While Bitcoin did dip briefly under $16,000, the sentiment around BTC remained strongly bullish, which is why the buyers were assertive enough to later push the price to $16,117, at press time. Further down the crypto-ladder, Stellar Lumens saw traders take-profit upon a push past the resistance level. Bitcoin Gold was trading within a range...Read More
SushiSwap is one of the ‘forgotten’ DeFi projects in the space today, one that everyone certainly remembers. And, not for all the right reasons wither. In fact, in light of the aftermath of the Nomi/Sushi ordeal, SushiSwap has been passed up by many as an ‘investable project.’ However, it would now seem that the protocol...Read More
The world’s premier privacy coin, Monero appeared to break out of a short-term downtrend and could be set to move toward its resistance around the $127-level, provided it can defend an important level of support at $115 if the bears gain some traction over the next few hours. Further down the crypto-ladder, Basic Attention Token...Read More
Bitcoin Cash has been moving steadily down the charts over the past few days, with BCH likely to see more of the same in the near-term. While a break out of its downtrend was possible in the coming days, the same wasn’t visible on the charts yet. Finally, Algorand’s market appeared undecided in the short-term,...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’s latest failed attempt at a sustained breach of $16,000 has given the market’s altcoins the chance to do more, by surging higher or by stopping its slide down the charts. With Cardano, that...Read More
The Crypto Fear and Greed Index was noting a figure of 86, at the time of writing, with the same over 80 for over a week now. Ethereum was on a strong uptrend and pulled back to a level of support while Cosmos looked set to register a small drop in price. Enjin, on the...Read More
One of the most reputed DeFi traders in the business today, the pseudonymous DegenSpartan recently shared his critique on quite a few popular DeFi protocols that have a strong following with independent crypto-researcher Hasu. DegenSpartan has perhaps been most critical of Maker – the second most dominant DeFi protocol after Uniswap. Source: DeFi Pulse According...Read More
Bitcoin was trading just under the $16,000-level, having not yet offered a significant pullback for traders and investors to buy as it thundered past the $13k and $14k-levels. Tezos formed a bearish pattern that projected a near 10% loss for the coin in the coming days, while Decred made massive gains recently. Augur also formed...Read More
While DeFi was the talk of the town months ago, the hype around Decentralized Finance seems to have died down lately. This, in turn, has reflected badly on the price action of many DeFi tokens, many of which surged just a few months ago. Synthetix Network Token [SNX] is a case in point. After having...Read More
