Cryptocurrency Analysis and News Portal
Peter Wood, the CEO of up-and-coming UK exchange CoinBurp, believes NFTs are caught in a bubble that will eventually pop. However, Wood says that much like cryptocurrencies consolidated through crypto winter to emerge stronger, so will NFTs after the pop. Signs of Digital Art NFTs Cooling Following the record-breaking $69.3mn sale of
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In an interview on CNBC’s Squawk Box, former head of the Office of the Comptroller of the Currency, Brian Brooks, spoke about the regulatory hurdles for Bitcoin. Referring to a recent speech given by the chairman of the U.S. Federal Reserve, Brooks stated that people have “migrated to Bitcoin” because
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Bitcoin slipped heading into the European session Thursday as traders booked profits from its recent price rally. The benchmark cryptocurrency briefly crossed over $38,000, a wave high it breached last Friday after gaining open endorsement from Tesla founder Elon Musk. The move upside also appeared as a broader recovery trend that
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According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a "conservative" target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally.There are two key data points that suggest Bitcoin’s ongoing rally could explode higher. First,
Read MoreProgrammers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code.The “De” in DeFi stands for “decentralized,” meaning there are no intermediaries in the process. Despite the raw and unpolished user interface, billions of
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South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND, which has gained a lot of momentum recently.The partnership will provide ICON developers with complete access to the BandChain decentralized oracle network to utilize various data and price feeds, according to the announcement.Decentralized applications and DeFi ecosystems
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The response to the Covid-19 pandemic has been ruthless on the global economy and during the last six months, traditional stocks and commodities have felt extreme market volatility. Coinshares published a comprehensive report this week in regard to how bitcoin performed during the coronavirus outbreak. The seven-page study highlights
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Japanese crypto firm FXCoin’s senior strategist thinks a depreciation of the Chinese yuan may lead more traders to Bitcoin in 2020. FXCoin’s Yasuo Matsuda spoke to Cryptox Japan, saying Bitcoin (BTC) would likely be more popular among Chinese nationals facing economic sanctions due to national security laws as part of the
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An in-depth analysis from IntoTheBlock took a look at the network effects of Bitcoin and Ethereum and found that it was much easier to calculate and track on Ethereum. Ethereum’s role as the facilitator of decentralized finance has the potential to amplify its network effects and attract more users, while
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Indices such as transaction volume, Bitcoin (BTC) ownership across different levels of buyers, growth rate, hash rate, among others have spiked since the last halving back in 2016. With the Bitcoin halving only hours away, there are expectations that the halving could be net-positive for the BTC price action going
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