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A recent development in the XRP lawsuit saw Defendant Bradley Garlinghouse submit a Letter of Request to the court, appealing to obtain Binance Holdings Limited documents from the Cayman Island authorities that are “relevant to the case and unobtainable through other means”. Hague Convention The plea is filed under the Hague Convention of 18 March
A new report from Washington-based digital currency analytics firm Inca Digital revealed that U.S. derivatives traders continue to make use of international digital currency exchanges—including Binance, Bitfinex, and FTX—despite those exchanges claiming to block U.S. residents. Several base US-based users tweeted and bragged about particularly successful digital currency derivative trades, often backing up this braggadocio with screenshots. […]
Veteran trader Peter Brandt says that Bitcoin’s parabolic phase is still very much intact despite the leading cryptocurrency’s 50% retracement from its all-time high of $64,000. In a new interview with crypto analyst Scott Melker, Brandt says Bitcoin continues to be on a long-term upward trend but added that volatility will remain a key feature […]
TL;DR Breakdown Bitcoin Cash (BCH) has traded between $498 and $546 As of this writing, Bitcoin Cash is trading at $530 against the USD Most altcoins are following within the bear zone, posting losses of between 2 – 5 percent Bitcoin Cash Price Analysis: General price overview Since Saturday, Bitcoin Cash (BCH) has traded between […]
Blockchain is designed as the technology to push the next generation of the internet. Yet, there are considerable difficulties to be surmounted in regards to scalability and interoperability. One portion of the solution is cross-chain technology. Here’s a glance at how cross-chain decentralized finance occurs on Horizon Protocol. A Brief Overview of Horizon Protocol Horizon […]
Crypto investment products recorded another week of outflows as investors moved out $19.5 million funds this week. This also makes it the fourth consecutive week of outflows from digital asset investment products. The money has continued to move out of these funds despite the recent price recovery in the crypto market. A total of
Garry Gensler. Source: A video screenshot, Youtube/Bloomberg Markets and FinanceThe US Securities and Exchange Commission chief Gary Gensler will not be a “cheerleader” for crypto, a new interview has revealed – and indicated that after tightening regulations on crypto exchanges, he may well turn his attention to policing the world of decentralized finance (DeFi).In a feature about
TL;DR Breakdown Bears are defending an overhead resistance at $23.5 UNI/USD pair has its August high at $23.02 Uniswap has, however, rallied by over 45% in the past three weeks since July 20th. Uniswap Price Analysis: General price overview The long wick candlestick at the beginning of the new month implies the bears are defending […]
GamyFi Platform, which specializes in blockchain games, and fantasy-themed sports, has coordinated Chainlink Verifiable Random Function (VRF) on the Binance Smart chain network system. Since Chainlink is the leading VRF in the blockchain industry, with an oracle network that is not centralized, the algorithm which decides the NFT Battle Royale video game’s champion will be …
TL;DR Breakdown DOGE/USD consolidated between $0.19 – $0.20 since the last weekend As of this writing, Dogecoin is trading at $0.198 against the US dollar Balances between supply and demand suggest bullishness on the DOGE price analysis Dogecoin Price Analysis: General price overview DOGE/USD consolidated between $0.19 – $0.20 for the past few days and […]
ADA price is struggling to clear the $1.40 resistance against the US Dollar. The price is now testing the $1.30 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.30 on the 4-hours chart (data feed via Bitfinex). The price could extend its decline, but...
39%, 2553%, 4943% – This is precisely how MATIC’s 3-month, 6-month, and 1-year RoIs, respectively, looked like at press time. On the first day of this year, MATIC’s value stood at merely $0.01. However, the alt’s adoption massively increased over the subsequent months and its price pumped quite hard before succumbing to mid-May’s flash-crash. On […]
TL;DR Breakdown LINK spiked to $24.5 overnight. Retracement with higher low currently set. Chainlink to target the $26 mark next. Chainlink price analysis is bullish for the next 24 hours as the market has retraced after another spike higher overnight. Therefore, bulls are likely to take over the market momentum again and try to breach […]
TL;DR Breakdown XRP failed to move high yesterday. Ripple saw a retracement overnight. Support around $0.70 prevents further downside. Ripple price analysis is bullish for today as another retracement was seen overnight to the $0.70 support. Therefore, as long as XRP/USD holds the support, we can expect another move higher over the next 24 hours […]
Riccardo Spagni. Source: A video screenshot, Youtube/LunoThe most popular privacy coin monero (XMR) appears to have been largely unaffected by the news of the extradition of its former lead maintainer Fluffypony – who will face fraud charges in South Africa.The coin’s core developer BinaryFate announced that “the Monero core team has removed” all of Fluffypony (real name Riccardo
The peer-to-peer non-fungible token (NFT) marketplace, OpenSea has skyrocketed in just a month, from 90.5 percent ETH transfers in June to 96.3 percent in July. The company has seen an exceptional market share value of over 90 percent, placing it at the top of the NFT marketplace. Chinese journalist, Colin Wu reported the hike in
While traditional crypto assets have seen market sentiment drop to a level of uncertainty, non-fungible token (NFT) assets have continued to sell in the millions. One project developed by Larva Labs called Cryptopunks has seen some of its NFTs sell for millions and on May 11, a collection of nine Cryptopunks sold for $16.9 million […]
Crypto whales moved hundreds of millions of dollars worth of Tether (USDT) on and off exchanges over the weekend as Bitcoin soared to its highest prices in more than a month. BTC is trading at $38,286.06 at time of writing but at one point had surged to a high of $42,628.50 over the weekend, according […]
The U.S. is soon to release its official discussion paper on its CBDC Research aka the Digital Dollar. This has got the world watching as to what major steps will the world’s largest economy incorporate. While the U.S. has been pretty slow in the development of the Digital Dollar, things are taking turns for the
The global investment firm SkyBridge Capital announced that it has partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets. SkyBridge announced the partnership on August 2, with founder Anthony Scaramucci forecasting that the Bitcoin mining industry “will be fully renewable by the end of the decade.” Scaramucci believes carbon offsets […]
The Security and Exchange Commission in the US has maintained that it would work towards greater investor protection plans in the coming days. Gary Gensler during an interview with Bloomberg revealed that his deep interest in the subject won’t come in the way of necessary regulatory oversight. Gensler was expected to have a crypto-friendly approach
Ethereum price extended its increase above the $2,500 resistance against the US Dollar. ETH price is now trading well above $2,400 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,520 on the 4-hours chart (data feed from Coinbase). The pair is consolidating gains and it...
According to reports, authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill, which was originally designed to generate at least $28 billion in crypto tax from the country’s crypto investors to cover the $500 billion they plan to spend on infrastructure development. U.S. Lawmakers Soft-pedal On Crypto Tax The […]
The first wave of non-fungible tokens (NFTs) brought with it mostly speculation on art linked to a blockchain (though not deployed on a blockchain) and a little technological innovation. Yet the NFT sales were through the roof: Beeple at $69 million, CryptoPunks at $7.58 million, and many more. This created FOMO (fear of missing out), […]
Bitcoin price rally fizzled out slightly above $42,000 amid concerns of crypto tax in the US. Dogecoin price risks another dive to $0.16 following the ongoing consolidation. Cryptocurrencies are grappling with increased overhead pressure, making it difficult for bulls to sustain the winning streak recorded in the past couple of weeks. Initially, Bitcoin pulled the
Nowadays, Forex and trading have become one of the best ways to profit and earn money. All you should do is become an expert in technical analysis. You should also know about some phrases like Broker, MetaTrader, cTrader, cryptocurrencies, and you should know the tools you need to trade. What Is A Cryptocurrency? Cryptocurrencies are […]
Bitcoin price settled well below the USD 40,000 pivot level. BTC even broke the USD 39,200 support level and extended its decline. It is currently (04:26 UTC) showing bearish signs and it could continue lower below USD 38,000.Similarly, most major altcoins are struggling to gain traction. ETH declined below USD 2,550 and it might even trade below USD 2,500. XRP failed to stay above USD 0.750 and
Binance, the leading cryptocurrency exchange by trading volumes, announced it is discontinuing its derivatives and futures products in Germany, Italy, and the Netherlands. This is likely the consequence of the regulatory crackdown that governments all over the world have exerted on Binance lately. The company also stressed this was the start of a complete plan […]
After rising all the way to $42,000 over the last weekend, it looks like Bitcoin is losing steam once again. The world’s largest cryptocurrency is down 3% as of press time! Bitcoin is trading at $38,591 levels with a market cap of $724 billion. The recent price volatility has got investors frustrated as Bitcoin is
XRP price failed to extend the bullish leg to $0.8 following the gains on the weekend. Ripple hunts for support at the 50 SMA to avert losses under $0.7. The MACD and the RSI reinforce the bearish outlook, leaving XRP vulnerable to losses. Ripple price has continued with an upward roll started after July’s worst
Infrastructure bill fails to dent crypto market rally. Bitcoin has jumped 7% over the past week, finishing July with a bullish flourish that could signal the end of a multi-month decline. Across the market, cryptoassets are flashing double-digit weekly returns. Ethereum has doubled Bitcoin’s gains by adding 14% ahead of the EIP-1559 upgrade en route […]
Blockchain metaverses, non-fungible tokens, decentralized finance, and other hot projects are taking the crypto world by storm. What are blockchain metaverses? Blockchain metaverses allow you to create content within a virtual world. This is great for games, social experiences, and more. We’ve all heard of metaverses like Sims and Roblox, which are wildly successful games […]
The prices of most top altcoins have been rallying over the last couple of days, despite some corrections. In fact, the former pushed the cumulative altcoin market cap up by more than 15% in just one week. Polkadot was one of the alts to profit, with a weekly ROI of +30.90% and price gains of […]
TL;DR Breakdown Litecoin price analysis turns neutral with first major support at $136 The pivot level at $143 is turning out to be a tough level to crack LTC/USD faces first major resistance at $147 Litecoin had a mixed start to the day, which started rising early in the morning to an intraday high of […]
Several U.S. lawmakers have spoken up against the cryptocurrency tax provision in the $1 trillion infrastructure bill. While the bill has been revised from last week’s version, the text is still “unworkable,” according to Senator Pat Toomey. “I plan to offer an amendment to fix it.” Other lawmakers, including Sen. Ron Wyden, Rep. Warren Davidson, […]
Dogecoin is that teacher’s pet who everyone hates, but still gets favored again and again until they don’t. Such is the case at the moment with the meme coin as DOGE failed to register a decent hike after the broader market’s rally. When Bitcoin and Ethereum and other altcoins were picking up the pace, DOGE […]
A number of smaller South Korean crypto exchanges have announced their imminent closure – throwing in the towel in their struggle to meet a fast-approaching regulatory deadline that is threatening to derail the nation’s crypto trading platform industry.Per Joongang Ilbo, the latest exchanges to announce they will be closing their doors in the coming weeks are Darlbit,
In a press release, Marathon Digital Holdings confirmed an agreement to buy 30,000 Bitcoin miners, at a total cost of almost $121 million, from Chinese manufacturer Bitmain. “.. entered into a contract with Bitmain to purchase an additional 30,000 Antminer S19j Pro (100 TH/s) miners for $120.7 million.” On that, Bitcoin-bull Anthony Pompliano remarked that […]
The U.S. Blockchain Association is stepping up to battle new crypto regulations that are being proposed in the historic bipartisan infrastructure deal that’s working its way through the Senate. Robert Frank, a wealth reporter at CNBC, says the latest draft of the 2,702-page infrastructure bill targeting efforts to modernize bridges, roads, water pipes, electric vehicle […]
Polygon and blockchain-based knowledge protocol, Forward Protocol, have joined hands to bring transformation in the education realm. With blockchain technology making inroads into every sphere of life, it is time that the knowledge transfer sector also benefits from the progressive decentralized ecosystem. The collaboration between Forward Protocol and Polygon (Matic) will be seen for the […]
Days before the London Hard Fork and EIP-1559 is scheduled to be enabled, options data from Derebit suggests Ether will hit $5000 by the end of the year, if not by the close of September
Square’s Cash App has reported that the platform saw a 200% increase in Bitcoin revenue. This comes despite Square suffering a $45 million impairment from its Bitcoin investment. Yearly revenue reports saw Cash App’s revenue go from $875 million to $2.72 billion. While bitcoin gross profit went from $17 million to $55 million in the […]
After days of consolidation in the lower $30k range, Bitcoin’s price inched above $40k last week. As market participants were busy celebrating the occasion, BTC’s price slipped back into the $38.5k region for a brief while. However, it managed to climb back once again. Alas, at the time of writing, the king coin had slipped […]
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have not been able to meet the requirements. 11 Crypto Exchanges Could Be Shut […]
A closely followed crypto trader and analyst says that Bitcoin could be on the verge of igniting the final stage of its bull market. The trader, known as Jack Sparrow, tells his 209,100 Twitter follows that Bitcoin (BTC) is gearing up to launch the fifth and final wave of the bull market, assuming the asset […]
TL;DR Breakdown Pullback pressure towards $20 – $22 trendline. Tight trading range and Low volatility Chainlink’s major ascending channel lies above $25 Chainlink price analysis: General price overview Chainlink (LINK) fell below the 200-day exponential moving average after the bulls failed to sustain an upward momentum at $23.51. The overall sentiment remains negative across the […]
TL;DR Breakdown The DOT/USD trading pair is expected to push upwards until the $19 resistance DOT/USD fluctuated between $17.55 and $18.88 At the time of writing, DOT is trading at $18.12 Polkadot Price Analysis: General price analysis The DOT/USD trading pair is expected to push upwards until the $19 resistance. If it falls back, then […]