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
2020 has been an incredible year for many firms trying to incorporate Bitcoin into their larger financial systems. Grayscale took the leap first, in the minds of many, with Coinshares and Bitwise making noise as well. These Crypto-Index Funds are regulated and their main focus has been the market’s institutional investors. For context, Grayscale currently...Read More
XRP holders will see an airdrop of 45 billion Spark tokens on 12 December. Any owner of XRP tokens will receive the token in a 1:1 ratio, which by extension means that there could be 100 billion Spark tokens created. This will be carried out by the Flare Network, an airdrop backed by Ripple’s investment...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
Despite a somewhat tumultuous year for the crypto-market amidst the COVID-19 pandemic, the market made a strong recovery. In fact, 2020 also saw significantly positive regulatory initiatives in the United States, when compared to the previous two years. The same was recently noted by Carla Carriveau, Chief Legal Officer at CoinList, after she said, “The...Read More
After hitting a high of $19,918 on 1 December, Bitcoin has completely stagnated to consolidate between the ranges of $18k and $20k. Yesterday, a low of $17,610 was registered, but a quick bounce back above $18,000 was soon recorded on the charts. With respect to its price, CME’s derivatives market is now going through a...Read More
When MicroStrategy and Michael Saylor invested close to $425 million in Bitcoin back in August-September 2020, the sole purpose was to preserve its cash reserves’ purchasing power by converting it to Bitcoin. While the benefits were initially highly incremental for the company, MicroStrategy seems to be raising its game now. MSTR’s growing capital in Bitcoin...Read More
Popular crypto-platform Circle is in the news after it announced the launch of a major platform upgrade. At the core of Circle’s latest platform upgrade will be a new digital currency native treasury account infrastructure – Digital Dollar Accounts. This upgrade will allow users to store value natively in digital currencies while maintaining compatibility with...Read More
2020’s week 50 is upon us right now, with Week 49 being rather quiet for Bitcoin from a price perspective. Between 2 December and 8 December, Bitcoin’s price movement was restricted between $19,800 and $18,400. While the movement on the 8th remained the most significant, the cryptocurrency’s price did remain above $18,800 for the 6...Read More
In what is yet another victory for the still-nascent crypto-market, DBS, Southeast Asia’s biggest bank, has announced that it will launch a cryptocurrency exchange. The planned digital currency exchange will offer Bitcoin (BTC), Ether (ETH), XRP, and Bitcoin Cash (BCH). According to a statement made by CEO Piyush Gupta, DBS Digital Exchange would be the...Read More
Ripple CTO David Schwartz Ripple is in the news after he commented on Ripple’s strategy for expansion and enterprise adoption of payment solutions during the recent Uphold webinar. More specifically, Schwartz explained the reasons why this has been Ripple’s focus for the past few years. According to the exec, the separation of payments and settlements...Read More
Bankhaus von der Heydt (BVDH), one of Europe’s oldest banks, and German tokenization and digital asset custody provider Bitbond are joining forces to issue a Euro-pegged (EUR) stablecoin (EURB) on the Stellar network. The EURB stablecoin will be the first stablecoin issued directly by a banking institution on Stellar and one of the first of...Read More
Bitcoin demand is not only expanding among individual traders and crypto enthusiasts, but has also managed to attract institutions, hedge funds, and corporates. Many traditional financing institutions have included Bitcoin in their portfolios and are increasing their hold on Bitcoin. Now that there is less than 2.434 million Bitcoin left to mine, the race to...Read More
Bitcoin visited $17,600 and rebounded to $18,300 at the time of writing. The altcoin market followed Bitcoin’s price movement over the past few hours. Tezos tested support at $2, and FTX Token saw a decline to $4.08 before bulls pushed the price upward to $4.27. Crypto.com Coin appeared to resume the previous bearish trend that...Read More
Bitcoin has established itself as a profitable investment asset and it is becoming more evident as more institutions flock to include the digital asset in its portfolio. According to Bitcoin Treasuries, companies including, Grayscale, MicroStrategy Inc., Square Inc. together own a sum of 0.888 Million BTC or 888k BTC. This value is expected to only...Read More
The bearish market sentiment was reflected by Litecoin and IOTA as they dropped strongly beneath support over the past 24 hours. Synthetix has not seen much buying volume over the past few weeks and could see a deeper correction. Litecoin [LTC] Source: LTC/USD on TradingView LTC saw the $80 support lose its footing decisively over...Read More
Bitcoin dominance rose marginally to 64%, meaning that the altcoin market was dropping in value slightly faster than Bitcoin over the past few hours. Polkadot and Steem showed strong bearish momentum as they lost important levels of support to the bears in the last few hours. Ethereum Classic reflected market sentiment and posted losses as...Read More
Bitcoin’s price seems to be losing its foothold as the price suffered a drop of 5% in the last 8 hours. Considering the situation more of this could follow. How much? Perhaps, an average drop of 30% can be expected, especially during bull runs. Bitcoin Corrections Historically, bitcoin seems to correct during bull runs and...Read More
Why Bitcoin will replace US Dollar as the World’s Reserve Asset is as much a story of the United States Dollar, as it is of Bitcoin. It started when United States GDP was a third of the world’s GDP and even larger when it comes to the manufacturing sector, at the close of the second...Read More
Traders who witnessed Bitcoin’s 80% drop in price following the 2017 Bull Run to ascent from $1000 to new ATH of $19891.99 on Coinbase in 2020 have seen it all. The rally of massive volatility, the quiet rally and the quietest ever rally. Despite the media attention, a certain degree of hype on social media,...Read More
The cryptocurrency community has been building a self-sustaining ecosystem to make users financially independent. On one hand, it has been looked upon as an alternative to the current financial system, on the other, notorious groups have been making use of cryptocurrencies only to have regulators label them a potential threat. Illicit use includes hacking and...Read More
After a week of choppiness around $19,000, Bitcoin dropped beneath $18,600 and was trading at $18,135 at press time. Binance Coin looked set to drop to support at $26.7. Monero, one of the strong performers over the past couple of volatile weeks, would seek to halt losses at $127. Dogecoin saw a breakout to the...Read More
Bitcoin dropped from $19,156 to $18,248 at press time, marking close to 5% loss over 24 hours. The altcoin market reacted by posting losses as well. Chainlink could see a bounce off the $11.9 level of support before another move downward, while Bitcoin SV appeared to lose the $172 level to bears. EOS was unable...Read More
One of the leading International banking groups, Standard Chartered has taken its first step towards cryptocurrency. Its innovation arm, SC Ventures announced a partnership with Northern Trust to launch an institutional-grade custody solution for cryptocurrencies, called Zodia Custody. Many banking groups around the world have already ventured into crypto in some form or another. Reports...Read More
Bitcoin shed nearly 3% in a matter of hours following a move down from $19,298 to a low of $18,700. This affected the rest of the market as well. Binance Coin dropped beneath a level of support at $29 and could be set to retrace all the gains of the past couple of weeks to...Read More
Bitcoin has posted excellent gains on its way to ATH but the momentum stalled over the past week. At press time BTC was trading at $18,803 with a market cap of $349 billion. Source: CoinStats This sideways movement of both Bitcoin and Ethereum prompted the altcoin market to shed value. Polkadot was likely to begin...Read More
Will DeFi with its inverse BTC correlation eat Wall Street? In his latest tweet, Tyler Winklevoss of Gemini Exchange mentioned that “DeFi is the software that is starting to eat Wall Street”. Since DeFi’s market capitalization is still one-third of XRP’s market capitalization there may be room for growth. As Tyler argues, DeFi may eat...Read More
With the collective digital asset market showing little change over the past week, Ethereum too was victim to the same. Ether value ranged roughly between $565 and $620, maintaining position between the set of resistance and support. Indicative of another bearish turn, we analyzed Ethereum’s long-term chart to figure out its immediate trading range in...Read More
Another weekend for Bitcoin’s price action has passed quietly. The entire week, as Bitcoin’s price hit new ATH, there was the anticipation of the price crossing $20000. There was an increase in percent active supply and the increasing liquidity by whales was balanced by retail and institutional buying. In the past week, the price increased...Read More
