While the crypto market continues to grow, there have been renewed fears of a liquidity crisis, with more people unable to access Bitcoin. Most crypto insiders […] …
Tag: Market
Litecoin price prediction: LTC to $200, analyst
TL;DR Breakdown Litecoin price prediction expects a rise towards $200. Litecoin must hold the crucial support found at the $100 mark. Strong resistance currently lies at the $147 mark. Strong support currently lies at the $129 mark. Following the cryptocurrency market, Litecoin price followed a descending channel since 14th January. The sharp downward trajectory does appear […] …
DeFiMAGIC Demonstrates NFT Use Case on Ardor
2020 saw a surge in defi and non-fungible token (NFT) activity happening on Ethereum as excitement grew around the prospect of yield farming and investing in the new world of digital collectibles. Inspired by this growing interest, members of the Ardor community set out to develop DeFiMAGIC, harnessing the features of the multi-chain platform including […] …
Ecuadorian Presidential Candidate Suggests CBDC to Improved Payments
Several developments headlined the news cycle for the crypto industry in 2021. One of them was the growing interest in Central Bank Digital Currencies (CBDCs). […] …
DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion
DeFi keeps booming as Binance’s DeFi Composite Index sees a new all-time high record while the TVL eyes $25 billion. …
Russian exchange, Livecoin terminates services after abrupt hack
TL;DR Breakdown: Livecoin has decided to close its business and repay users. The exchange was involved in a cyber-attack that took away their control of the platform. Livecoin, one of the long-running digital currency exchanges in Russia, has been forced to shut down its services after several attempts to regain control of the platform’s server. […] …
Bitcoin Price Battles for $36K As Market Cap Reclaims $1 Trillion (Market Watch)
The crypto market cap reaches $1 trillion again as BTC recovered from its weekend slump, while BNB and LINK paint new records. …
US Coinbase backs Bahrain-based crypto exchange
TL;DR Breakdown: Rain Financial is now a Coinbase-backed crypto exchange. The exchange raised $6 million in a new funding round that included the US exchange and MEVP. The leading United States cryptocurrency exchange, Coinbase, is now backing one of the leading cryptocurrency startups in Bahrain, Rain Financial, following the company’s Series A funding round. Rain […] …
Bitcoin’s Key Support Level is at $27000-27,500 if BTC Pullbacks below $30,000, says Analyst
Alex, a market and crypto analyst, has acknowledged that the $27,000-27,500 is the critical support level, which ought to be watched. (Read More) …
Ripple price prediction: XRP towards $0.30, analyst
TL;DR Breakdown Ripple price prediction expects a rise to the $0.30 mark. Strong resistance currently lies at the $0.282 mark. Strong support currently lies at the $0.272 mark. Ripple secures new partnerships amidst SEC’s lawsuit. Ripple has been in the hold of strong bearish pressures since the beginning of the year and pressures do not […] …
JPMorgan: $100 Million/Day Must Flow Into Grayscale Bitcoin Trust To Push BTC Above $40,000
JPMorgan analysts state that Bitcoin (BTC) can see a further downside if it fails to make a strong move upwards to $40,000. The analysts said that unless BTC registered a strong “break-out”, it can see consistent profit-booking at this stage. Nikolaos Panigirtzoglou, the lead strategist at JPMorgan said that they are currently keeping a close
The post JPMorgan: $100 Million/Day Must Flow Into Grayscale Bitcoin Trust To Push BTC Above $40,000 appeared first on Coingape. …
Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest
The majority of decentralized finance (DeFi) coins have seen extremely strong rallies since the start of 2021.
The post Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest appeared first on CryptoSlate. …
ETH supply ratio on a steady decline
TL;DR Breakdown ETH ratio of supply has dropped massively in recent times. Increased DeFi users would lead to more demand for the second-largest crypto asset. Ethereum’s ratio of supply has dropped massively. The ratio of supply is a metric used to measure the total available token on crypto exchanges. According to Santiment, the last time […] …
January’s Spotlight: Meet Cartesi (CTSI)
There have been various fundraising mechanisms in the cryptocurrency space that gained and then fell out of popularity over the years. Starting with ICOs (initial coin offerings), moving to IEOs (initial exchange offerings), and now IDOs (initial DEX offerings), the way in which projects raise funds has continued to evolve. Although currently ICOs are almost […] …
Ripple legal strategy against SEC lawsuit revealed —Report
TL;DR Breakdown Ripple prepares defense for SEC lawsuit. The pretrial conference of the case is set for February 22. A new report has shown how Ripple is planning to defend the lawsuit filed against it by the Securities and Exchange Commission (SEC) of the United States. Yahoo Finance published the report. According to the lawsuit, […] …
Ethereum Rival NEAR Protocol Rallies 106% As DeFi Gains More Presence
Smart contracts facilitator and blockchain platform NEAR Protocol has gained 106% in the last month. The recent consolidation of the platform has attracted the attention […] …
Galaxy Digital to Consider Proprietary Bitcoin Mining
Mike Novogratz’s Galaxy Digital (GLXY) has revealed that it will start Bitcoin mining services to add to its digital asset management services. The firm’s mining […] …
Bitcoin price dip below $34,000
TL;DR Breakdown Bitcoin price dropped below $34k in the last 24 hours. Almost $500 million crypto futures were liquidated. In the last 24 hours, almost $500 million cryptocurrency futures positions were liquidated when the Bitcoin price dropped below $34k. As of last night, the leading crypto asset saw its value increase by close to 7%. […] …
Chainlink price prediction: LINK moves towards $18 support after rejection yesterday
TL;DR Breakdown LINK/USD currently trades around $20 After a rejection yesterday, Chainlink continues moving lower Strong support still around $18 Chainlink price prediction for next week is still bearish as the LINK/USD has exhausted itself. LINK currently trades around $20, with a market cap of $8.1 billion. Cryptocurrency heat map by Coin360 Chainlink Price Prediction: […] …
Mizuho Forecasts $2 Billion In Bitcoin Revenue For PayPal
Paypal introduced cryptocurrency to its platform last year in what turned out to be a major headliner in the world of crypto. Analysts predicted that the decision of the world’s largest payment processor to enable its users to buy and hold cryptocurrencies will provide the turning point required for crypto to go mainstream. By launching […] …
Mizuho Forecasts $2 Billion In Bitcoin Revenue For PayPal
Paypal introduced cryptocurrency to its platform last year in what turned out to be a major headliner in the world of crypto. Analysts predicted that the decision of the world’s largest payment processor to enable its users to buy and hold cryptocurrencies will provide the turning point required for crypto to go mainstream. By launching […] …
Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More
The crypto world saw many ups and downs throughout the past week as Bitcoin price volatility saw a couple of major dips as well as recovery post the infamous Monday market crash of nearly $10k. The top cryptocurrency is currently trying to consolidate its position above $37,000. Other major headlines of the day include, Kraken
The post Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More appeared first on Coingape. …
Institutions Are Back, Grayscale Bitcoin Trust Purchases Nearly 10,000 Bitcoins (BTC) In Three Days
While Bitcoin (BTC) has been trading currently in downward pressure of around $36,250, institutions and whales have started accumulating once again. The Bitcoin (BTC) price is down by more than 10% over the last week, and Grayscale Bitcoin Trust (GBTC) has entered a buying spree once again. Over the last three days, Grayscale has accumulated
The post Institutions Are Back, Grayscale Bitcoin Trust Purchases Nearly 10,000 Bitcoins (BTC) In Three Days appeared first on Coingape. …
Wall Street investor advises more investors to put a few percent into Bitcoin
A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space.
The post Wall Street investor advises more investors to put a few percent into Bitcoin appeared first on CryptoSlate. …
DeFi’s Revolution To Begin From Africa’s 100 Million Untapped Market
Charles Hoskinson, Cardano Founder, has predicted that the DeFi revolution will begin in the developing world. He also added that the 100 million market potential […] …
XRP’s Problems Deepens Once More: Kraken Suspends US XRP Trading
XRP just isn’t winning these days, as Kraken now stands as the latest crypto exchange set to suspend trading in XRP tokens. The reasoning given, […] …
Bloomberg: Imperative for Bitcoin (BTC) to Surge If Ethereum (ETH) Has to Cross $1300
Bitcoin (BTC) and Ethereum (ETH) have slowly covered up the lost ground after their tumultuous price fluctuations on Friday, January 15. Off lately, the world’s two biggest cryptocurrencies have been moving in tandem with each other. Bloomberg analyst Mike McGlone writes that Ethereum (ETH) is currently eyeing levels above $1300 as long as BTC continues
The post Bloomberg: Imperative for Bitcoin (BTC) to Surge If Ethereum (ETH) Has to Cross $1300 appeared first on Coingape. …
Polkadot surpasses XRP to grab the 4th slot
TL; DR Breakdown Polkadot (DOT) is now the 4th largest crypto by market cap XRP could suffer a catastrophic blow if ruled a security The crypto market is shifting again, and this time, the charts are re-arranging as Polkadot moves up by one position. The top 10 largest cryptos (by market cap) have always been […] …
Is Bitcoin price manipulation by whales a real thing?
The Bitcoin paradox presents something of a predicament.
The post Is Bitcoin price manipulation by whales a real thing? appeared first on CryptoSlate. …
On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all
Demand for Bitcoin increased multifold in 2020.
The post On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all appeared first on CryptoSlate. …
These cryptocurrencies are up over 10% today despite Ethereum’s sharp 8% drop
Both Bitcoin and Ethereum have faced sharp declines over the past few hours despite the move to $40,000 on Thursday.
The post These cryptocurrencies are up over 10% today despite Ethereum’s sharp 8% drop appeared first on CryptoSlate. …
Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said. …
Bitcoin is a speculative asset that has conducted some funny business – ECB boss Christine Lagarde
TL;DR Breakdown Head of European Central Bank thinks Bitcoin is encouraging money laundering. Investor Mike Novogratz says banks are the most notorious facilitators of money laundering. As Bitcoin price generates more buzz each day, some top-level people like Christine Lagarde are yet to accept the fact that the top coin is here to stay. Christine, […] …
Report: Mt Gox Creditors Could Claim 90% Of The Owned Bitcoins After A CoinLab Deal
Victims of the infamous Mt. Gox hack could finally see a happy ending after a deal that will enable them to claim 90% of the bitcoins they are owned. …
Russian Lawmaker Estimates Bitcoin Price Drop Amid Race for Record High
Despite Bitcoin’s strong performance, Anatoly Aksakov believes it will soon fall back to Earth. Some crypto stalwarts have also expressed concern over the sustainability of […] …
Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury
The official has spearheaded progressive technology regulation for the East coast city.
The post Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury appeared first on CryptoSlate. …
Millennials are the Backbone of the Crypto Market
The Millennial generation is likely to lead humanity into a phase of fintech as they hasten the adoption of Bitcoin. Researchers have discovered that cryptocurrency is three times more popular among members of the millennial generation than any other generation of Americans. They are increasingly choosing it as a long-term investment option. Millennials Around the […] …
Binance Coin price prediction: BNB/USDT rejected further upside around $42
TL;DR Breakdown BNB/USDT currently trades around $41.5 Binance Coin trades under a strong resistance Closest minor support level around $40 Binance Coin currently trades around $41.5 and has a market cap of $5.9 billion. BNB has moved by 1.43 percent during the past 24 hours with a volume of $520 million. Overall, BNB/USDT has traded […] …
Indian Police Seize $1.2 Million Worth Of Bitcoin From Hacker
Bengaluru Joint Commissioner of Police Sandeep Patil has announced it seized Bitcoin worth about $1.2 million from an arrested Indian hacker. The report by India […] …
Bitcoin Gold: What’s the future of Bitcoin Gold
In 2009, Bitcoin (BTC) was introduced on the premise that everyone could participate in its mining process, which was the case until BTC gradually increased in value. As more people joined the train, the competition also increased effectively, which tipped the balance in the elite miner’s favor who had switched to a more sophisticated mining […] …