Cryptocurrency Analysis and News Portal
Quick take:Yesterday, John Bollinger had cautioned that Bitcoin’s attempt at $20k is a classic top setupBitcoin has since dropped from $19,900 to $18k in a flash crashThe 50-day moving average seems like a good area for a bounceOther macro support zones lie at $16,300, $15,600 and $14,800Late yesterday, the inventor
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Ripple Labs, the digital asset payment service provider tied to XRP, one of the five largest cryptocurrencies, was blackmailed at the height of crypto mania three years ago, CryptoX has learned.Documents obtained by CryptoX through a Freedom of Information Act request show an unidentified individual emailed Ripple on Oct. 19,
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Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum.Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to
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At Consensus Distributed on May 12, Blockstream presented Lightnite, a Fortnite-like game that uses the Liquid Network for storing non-fungible tokens (NFT) representing game items.While the game is developed by independent company Satoshi’s Games, Blockstream has sponsored the game by running a token giveaway. The announcement has garnered a considerable amount
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While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers
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The cryptocurrency and equity markets have seen a relatively stable week, as the volatility and volume drained away from both markets. Bitcoin (BTC) has been moving between $6,600 and $7,300 and hasn’t been showing direction. On the other hand, the volume is starting to drop significantly in the markets. Such a
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British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12.Since the end of 2017, Revolut’s app has allowed its users to complete transactions in cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ether (ETH).According to Reuters,
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In 2017, Bitmain ruled the roost and all eyes were on China, but 2018 was a barren year for cryptocurrency. Prices plummeted. Companies crumpled. The long-awaited initial public offerings of two crypto mining titans, Bitmain and Canaan Creative, failed at the final hurdle as the crypto winter humbled even
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Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind of stable asset — such as the United States dollar, euro or even gold.
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It appears that crypto fraudsters have already started impersonating the newly-launched Bitcoin futures trading platform Bakkt.Intercontinental Exchange (ICE) launched Bakkt on Monday after being delayed two times in the past. The trading platform facilitates the institutional-grade investors to take positions on the cryptocurrencies through a government-regulated channel. For scammers, that
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