Cryptocurrency Analysis and News Portal
On Friday, the People’s Bank of China (PBOC) declared all virtual currency-related activities illegal, banning offshore exchanges from serving mainland Chinese users. The statement also disqualified tether, the largest stablecoin globally, as legal tender along with bitcoin and ether, marking toughest crackdown to date. Source
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While a number of popular crypto-assets like bitcoin have been consolidating, decentralized finance (defi) tokens have captured significant gains during the last 24 hours. A few defi crypto assets have seen double-digit gains and the leader of the pack is Uniswap which has jumped 20.9% in the last 24 hours. Uniswap’s
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Positive news about China’s Evergrande meltdown and the Fed’s intent
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The crypto markets and the U.S. equity markets sold off today on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets.When the sentiment is bearish, traders dump positions that they perceive as risky in favor of safe-haven
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Bitcoin (BTC) is leading the recovery in the crypto sector and today the cryptocurrency briefly rallied to $48,429 before pulling back to test the underlying support levels. While speaking during a live stream at the SALT conference, Ark Invest CEO Cathie Wood, said that Bitcoin is the default currency of
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Uniswap (UNI) was among the best performers among the top cryptocurrency tokens by market capitalization in the previous 24 hours, logging better gains than other top cryptocurrencies, namely Bitcoin (BTC), Ether (ETH) and Binance Coin (BNB).On Wednesday, the UNI/USD exchange rate jumped 13.26% to hit a seven-day high of $25.68.
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Bitcoin’s quick dip below $44,000 sent altcoin prices into a
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Altcoins are still flashing bullish signals but Bitcoin’s steady slide
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BTC and most altcoins are attempting to capitalize on today’s
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Bitcoin (BTC) finally broke above the $50,500 resistance and Ether (ETH) has risen above the $4,000 mark. This suggests that there is growing interest in cryptocurrencies and several legacy finance companies are initiating steps to tap into this increasing demand.One of the world’s largest independent asset managers, Franklin Templeton, has
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