Our previous price analysis had identified a tight range in which Bitcoin is trading inside. Over the past hours, this range is seemingly cracking down, to the downside. For the past five days, Bitcoin was trading between $7300 to $7600. Despite a fake-out that reached the mentioned resistance area of $7700, Bitcoin was trading inside...Read More
Swiss Startup Amun has got clearance to offer its products to retail clients in Europe. Swedish Financial Supervisory Authority (SFSA) granted permission to the firm this Tuesday, Dec 10, 2019. “[The approval] gives us wide access to sell directly and market directly to basically all retail in Europe,” Amun CEO Hany Rashwan said. Furthermore, with...Read More
Big four multinational professional services company, Deloitte, has conducted a 2019 survey regarding what executives from big organizations think of blockchain. The data shows that interest in blockchain-based technology is generally increasing. 83% Of Executives Believe In Blockchain Deloitte published its annual survey showing what executives think about blockchain and its potential. It was conducted...Read More
Coinbase backed MATIC token, one of the popular IEO on the Binance Launchpad, faced an excruciating 24 hrs. The token has plunged 70% following an inaccurate claim from Samuel JJ Gosling, founder of a cryptocurrency evaluation platform, Validity. Samuel in his tweet claimed that Matic Network has transferred 1,495,322,715 $MATIC (15% of the supply) in...Read More
A U.K. based blockchain firm Saga is launching an alternative token to Facebook’s digital currency proposal Libra. Saga’s advisory board includes Nobel Prize-winner Myron Scholes. The firm hopes to build a global currency that complies with all crypto regulations. However, the firm doesn’t plan to launch its token in the U.S. yet. It claims SGA...Read More
One of the more popular projects that had their Initial Exchange Offering (IEO) on Binance Launchpad, MATIC, went through a sudden overnight drop. The token lost upwards of 70% of its value in a violent red candle. Rumors started to circle around the community that the CEO of the project is behind it, but Changpeng...Read More
The U.S. partner of the Huobi Global exchange has decided to shut down its operations after just 18 months. Huobi announced the plans in a tweet titled “HBUS Cease to Operate”: “We regret to inform you that HBUS will need to cease operations so that it can return in a more integrated and impactful fashion...Read More
Good news came from Eastern Europe as the legislative arm of Ukraine, the Verkhovna Rada, has adopted an amended draft law that seeks to introduce cryptocurrencies as a legal means of payment and investment within the country, according to a Monday report. This development is an effort to work in accordance with the Financial Action...Read More
Ever since its launch last year, Tezos has done quite a lot to improve its feats and keeps on doing so. As the company appears to continue with innovations and partnerships, some of the community is arguing that Tezos might be skyrocketing soon, resembling Ethereum’s surge from 2017. Is Tezos The New Ethereum? 2017 was...Read More
XRP has seen an increase of 4.25% this week as it reaches $0.23. The cryptocurrency broke above a steep descending channel that was apparent in November. It continues to remain above the strong 3000 SAT support against BTC. Key Support & Resistance Levels XRP/USD Support: $0.2150, $0.20, $0.1850 Resistance: $0.2345, $0.2520, $0.27 XRP/BTC: Support: 3000...Read More
Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has just announced that it’s rolling out cash-settled Bitcoin futures and monthly options. The platform sees an increasing volume over the past week, signaling further institutional involvement. Bakkt’s Cash-Settled Futures Contract According to an official publication by Adam White, COO at Bakkt, the platform...Read More
Ethereum finally broke above the $150 level but now struggles at the resistance at $152. ETH broke beneath the lower boundary of the symmetrical triangle as expected. The bulls are attempting to gain control over the momentum but have failed to break above the 50 level on the RSI so far. Key Support & Resistance...Read More
Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has chosen a new cabinet seeking the Peronist agenda and possibly going against IMF’s involvement in the country. Bitcoin Trading Volume At ATH According to the popular monitoring resource Coin.Dance, the...Read More
TRON Exchange has seen a positive response in this December month. The exchange had seen registered users count increase from 4190559 to 4262802 by over 100,000. The official Twitter account of TRON took to twitter to announce this growth trend. The reason being the publicity surrounding the TRON exchange. Earlier, TRON & Poloniex partnered. CEO...Read More
Malta-based digital asset exchange OKEx is introducing Tiered Maintenance Margin Ratio System for Spot Margin Trading. The spot margin trading will go live from 07:00-08:00 Dec 9, 2019 (UTC). This spot trading will lower the leverage risk and increase borrowing limits claims OKEx exchange. Full description of how this new maintenance margin ratio is different...Read More
The People’s Bank of China has collaborated with four major state-owned commercial banks, the three major telecom operators, Huawei to test its digital Yuan. The PBOC will test this digital currency in two cities in the initial phase. The cities being Shenzhen and Suzhou. As per the report, PBOC is inviting partners to strategize the...Read More
The Internal Revenue Service (IRS) of the US has long been trying to figure out the best way to single out and tax cryptocurrency holders. The authority has issued a new draft form which aims to obtain essential information regarding the acquisition, exchange, and sale of Bitcoin and other virtual assets. Do You Own Any...Read More
This year is coming to its end, and, naturally, it’s time to wonder what’s the next big thing in the world of Bitcoin. CryptoPotato had the chance to meet and talk with one of Bitcoin’s most famous proponents and industry experts, Anthony ‘Pomp’ Pompliano, co-founder and managing partner at the venture capital fund Morgan Creek...Read More
The last days saw Bitcoin trading under a tight range of $300, between $7300 and $7600. The good news is that Bitcoin is finally trading above the confluence zone of $7300 – $7400, along with the 4-hour MA-50, which was mentioned here more than once. Besides, the RSI is showing strength due to the negative...Read More
There are many ways in which cryptocurrency trading resembles the traditional ones, but there are just as many differences, as well. That’s why it’s possible to use regular definitions, but they need to be appropriately adjusted and related according to the specifics of cryptocurrencies. Price gaps, for example, are something seen quite regularly within traditional...Read More
Ethereum, one of the world’s most popular networks for the deployment of smart contracts and development of decentralized applications (DApps), has undergone a hard fork. Dubbed ‘Istanbul,’ the system update adds new features and improvements to the existing solution. Ethereum’s Istanbul Hard Fork Goes Live Ethereum’s network underwent its long-awaited hard fork called Istanbul. It...Read More
2019 is approaching its end, and while many crypto enthusiasts have marked 2020 as the next Bitcoin bull-run, it is mostly because of the anticipated halving event. While there is a consensus that the halving will propel Bitcoin price to new highs, some analysts see the cryptocurrency visiting lower values before we can even start...Read More
Tezos continues to battle the 7-month old descending trend line to climb higher. The cryptocurrency looks ready to surge against Bitcoin as the Stochastic RSI lines up for a bullish crossover. Tezos climbed to the 14th position with a market cap of $935 million. Key Support & Resistance Levels XTZ/USD Support: $1.23, $1.17, $1.12, $1.00....Read More
Bitcoin seems to be charging at $7,600 as it marks a slight increase of around 2.1% in the past 24 hours. The cryptocurrency seemed stuck in the same confluence price zone between $7,300 and $7,400 but has managed to break above it, and it now trades at around $7,550. As CryptoPotato reported earlier, an important...Read More
The Malta-based crypto exchange has been in the limelight often as it brings out new updates for the flexibility of its users. Let us wrap Binance updates of last week in a nutshell – Binance Launches Leveraged ETH/USDT Futures Trading Binance platform enabled ETH futures contract with 50x leverage. In initial phases, trade ETH futures...Read More
As per the Fintech Investment market 2019 report, the Fintech Investments might reach $152.94 billion USD by 2026. The report analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, etc. The report claims that major global major leading industry players like Eaton, Grundfos, Tornatech, etc....Read More
RBI Governor Shaktikanta Das, on Thursday, announced that India will soon launch it’s own Central Bank Digital Currency (CBDC). Amidst a court case on the Cryptocurrency ban in India, this news comes as a hope for crypto in the future. India is a land of diverse mentality with a constant feud of banning cryptocurrency or...Read More
Libra is a vast and diverse project but it is facing restrictions from the day of its proposal in June 2019. Facebook, a giant social media community, has backed the project. However, the crypto industry has some regulation issues with Facebook handling Libra as the social media firm has reported mishaps in handling personal data....Read More
In the last analysis, we had mentioned the crucial descending trend-line, marked with yellow on the following daily chart. This line is ‘preventing’ Bitcoin from discovering new highs since June 26, when Bitcoin reached $13,880 as the 2019 high. The resisting line was tested for the fourth time, and as it seemed like a breakout...Read More
USDT transactions on the Ethereum network are increasing steadily. However, the network is close to reaching its maximum capacity and as Tether continues to print more stable coins, there’s less and less room for developers of decentralized applications (DApps). This brings up the scalability issues of Ethereum and it makes finding a solution even more...Read More
