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Bored with Bitcoin price, traders chase gains in altcoins and DeFi tokens
29.9.2020
Bitcoin price is sideways and pinned below $11K, leading traders to seek greener pastures in altcoins and DeFi tokens
KuCoin Hack Shows Key Difference Between Altcoins and Bitcoin
28.9.2020
"Unprecedented" moves by altcoins in the aftermath of the KuCoin hack showed that the old adage "not your keys, not your coins" might be true in the case of decentralized cryptocurrencies such as bitcoin (BTC) only.
As reported, following several abnormal transactions first...
Bitcoin Struggles Near USD 11,000, Altcoins Showing Positive Signs
28.9.2020
Bitcoin price moved into a positive zone after it settled above the USD 10,550 inflection zone. BTC even broke the USD 10,800 resistance level and it is currently (08:30 UTC) struggling to clear the key USD 11,000 resistance zone. A clear break above USD 11,000 could start a fresh rally towards...
Defi Token Exposed as Pump and Dump Scam in Leaked Telegram Chat
28.9.2020
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless...
Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On
27.9.2020
The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply...
Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain
26.9.2020
Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees. On September 24, Bitgo, the custodian of the Wrapped Bitcoin project (WBTC), the most popular tokenized BTC platform to-date, announced a partnership with...
Wish you bought Litecoin and other top alts at mid-2017 prices? Here’s your second chance
25.9.2020
Some cryptocurrencies have retraced from their highs, back to prices seen several years ago
Bitcoin and Altcoins Recovery Reaches Inflection Zone
25.9.2020
Bitcoin price remained stable above USD 10,200 and started a steady recovery wave. BTC broke a major resistance near USD 10,550 to start the current wave. However, the price struggled near the inflection zone at USD 10,800 and it is currently (08:30 UTC) consolidating above USD 10,600.
Similarly...
Over 100 Million People Hold Bitcoin, Altcoins Globally - Report
24.9.2020
Crypto usership is going up at an exponential rate, per researchers at the Cambridge Centre for Alternative Finance, with over 100 million people worldwide now making use of cryptoassets – a massive increase from the 35 million figure the same researches identified just two years.
According to...
Bitcoin and Altcoins at Risk of Further Declines
24.9.2020
Bitcoin price failed to recover above USD 10,550 and extended its decline below USD 10,300. BTC even spiked below the USD 10,200 support and it is currently (08:30 UTC) consolidating near USD 10,330. If there is an upside correction, the price might face sellers near USD 10,400 and...
A Deep Dive Into Polkadot and How DOT Became a Top Ten Crypto Contender
24.9.2020
Just recently a new project called Polkadot joined the top ten crypto coin list almost immediately after the project officially launched. Today, the Polkadot network is the sixth-largest blockchain in terms of market capitalization. The blockchain is considered an Ethereum competitor by a...
Bitcoin and Altcoins Recovery Could Face Hurdles
23.9.2020
Bitcoin price found support near the USD 10,300 level and started consolidating losses. BTC could recover in the short-term, but upsides might remain capped near USD 10,550 or USD 10,650. The price is currently (08:30 UTC) stuck in a range and preparing for the next move.
Similarly, most major...
SBTC Plummets by 99% as Devs Announce Dissolution of Token
23.9.2020
The price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64....
Bitcoin and Altcoins Nosedive Below Key Uptrend Supports
22.9.2020
Bitcoin price failed to settle above the USD 11,000 resistance zone, resulting in a sharp bearish reaction. BTC declined below the USD 10,650 and USD 10,550 support levels. It is currently (08:30 UTC) trading well below USD 10,550 and there are chances of more losses towards USD 10,000.
Similarly...
Bitcoin Stuck In Crucial Range While Altcoins Face Selling Pressure
21.9.2020
After a clear break above USD 11,000, bitcoin price faced resistance near USD 11,200. BTC started a downside correction and it is currently (08:30 UTC) trading below the USD 11,000 level. It seems like the price is stuck in a range above the USD 10,750 support level.
On the other hand, most major...
In Devs We Trust: Bitcoin Bugs Die in Secret, Leaving Altcoins At Risk
19.9.2020
Bitcoin (BTC) is regularly championed as the most secure cryptocurrency out there, but even it’s vulnerable to the occasional bug, also meaning that BTC forks might be suffering from the same problem.
This unavoidable fact was brought home at the beginning of September, when a research paper...
Bitcoin and Altcoins Target Fresh Monthly Highs
18.9.2020
Bitcoin price is consolidating above the USD 10,800 level, with many supports on the downside. BTC is currently (08:30 UTC) trading above USD 10,900, and it seems like the bulls are aiming more upsides above USD 11,000 and USD 11,120 in the coming sessions.
Similarly, most major altcoins...
Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B
18.9.2020
The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however...
‘Alt-season’ abruptly ends as Bitcoin dominance rises near quarterly close
17.9.2020
Bitcoin price is gathering strength as its dominance rate bounced from recent lows, possibly bringing a close to the altcoin season
Bitcoin Strongest In North America, Asia More Open to Stablecoins, Altcoins
17.9.2020
Bitcoin (BTC), the first and largest cryptocurrency, has the strongest positions among crypto users in North America, while stablecoins and altcoins get more attention in Asia, a new report from crypto analysis firm Chainalysis showed.
According to the report, BTC made up 72% of the crypto...