Cryptocurrency Analysis and News Portal
Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico.The yet-to-be-announced project, which Amazon sketched out across a series of recent job posts, appears to be an effort to keep lucrative Prime customers eternally
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As per reports, eToro will be working with Goldman Sachs for going public. The reported plan of IPO comes after the platform registered phenomenal growth in 2020.Israel-based crypto trading platform and multi-asset trading firm eToro is reportedly mulling for a $5 IPO in Q2 2021. Local news publication Calcalist was
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Central bankers hope the CBDC will help restore confidence in Lebanon's shaky banking sector. Source
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Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million.The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for
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The tax framework may address questions surrounding wallet providers and income not derived from crypto sales. Source
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Dave Portnoy has been dabbling in the crypto and Bitcoin market for a few weeks now. After being
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Ethereum is showing positive signs and it traded to a new monthly high at $281 against the US
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The People’s Bank of China has revealed plans to have its sovereign digital currency ready in time for the 2022 Winter Olympics. The announcement comes as the Covid-19 pandemic has accelerated a shift away from paper money. Limited trials are already underway in Shenzhen, Suzhou, Chengdu and the Xiongan New Area
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The transparency of blockchain technology can be used to determine investors’ sentiment towards a given asset. By evaluating what large Bitcoin holders are doing, for instance, it is possible to estimate future price slumps or bullish impulses.Under this premise, Santiment, a behavior analytics platform, maintains that large BTC whales are
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Bitcoin’s and Ethereum’s strong surge to kick off 2020 has caught many traders aback. Case in point: each leg higher in the price of BTC during January and February was marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.While the majority seem
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