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Bitcoin Remains Resilient, Altcoins Start Consolidation
24.12.2020
Bitcoin price recovered and traded above the USD 23,000 level. It is currently (13:00 UTC) trading in a range and it could start a strong increase if there is a close above USD 23,500.
Besides, most major altcoins are consolidating losses, including ethereum, XRP, EOS, LINK, BNB, XRP, TRX, bitcoin...
XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed
23.12.2020
Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s...
Bitcoin Remains In Bullish Trajectory, Bitcoin Cash Rallies
21.12.2020
Bitcoin price is trading in a positive zone above the USD 23,000 support zone. BTC is currently (05:00 UTC) trading above USD 23,800 and it seems like it could surge past USD 24,200. If there is a downside correction, the USD 23,000 support could play a crucial role.
Similarly, most major altcoins...
‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
9.12.2020
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains...
Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin
26.11.2020
Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect...
Ethereum Classic Price Rises From 7-Month Support but Remains Bearish
10.11.2020
Ethereum Classic, one of the top 35 cryptos of the global crypto market, is seen trading with a bearish crossover on the daily chart. This Proof of Work-based blockchain can be rented by hash power used by hackers to carry out 51% attacks, which costs around $3,800. About this 51% attack...
Grin network hit with 51% attack while GRIN token remains resilient
8.11.2020
An unknown mining group currently controls more than half of the Grin blockchain’s hashing power
WTO blockchain report says customs remains ‘weak link’ of trade digitalization
5.11.2020
Analysts have been categorizing blockchain projects worldwide into a “periodic table” that allows for a granular analysis of the technology’s inroads into global trade
The Crypto Industry Remains Mostly Unengaged in Election 2020
3.11.2020
The cryptocurrency industry did not get heavily engaged in this year’s election, either via donations or lobbying
Chainlink Price Pulls Back, but Bullish Crossover Remains Intact
2.11.2020
Chainlink has been integrating and marking many strategic alliances leading to the growth of the DeFi and smart contract platforms, which otherwise was ignored over the past three years. In this regard, LINK token is now ranked amongst the top 10 cryptos of the market, currently trading around...
Bitcoin Remains In Uptrend, Altcoins Show Positive Signs
2.11.2020
After a short-term downside correction, bitcoin price regained strength above the USD 13,500 resistance. BTC is currently (05:00 UTC) trading well above USD 13,650 and it might continue higher above USD 13,800 and USD 13,850. The main hurdle for more upsides is near the USD 14,000 level.
Similarly...
Report: Governance remains highly centralized on many DeFi projects
30.10.2020
Top holders control vast amounts of supply
P2P Trading Resumes on Okex While Withdrawals Freeze Still in Effect: Tron Foundation Announces Cashout Plan for TRX Holders
23.10.2020
Asian cryptocurrency exchange Okex says peer to peer trading is now open but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is now active as well but he fails to give a timeframe for the resumption of withdrawals....
Macro Investor Dan Tapiero Says Crypto Adoption Slow: Emerging Economies Ahead of Developed States
20.10.2020
Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with...
Brazen Nigerian Crypto Scam Inksnation Still Operational Three Months After Regulator Warning
20.9.2020
One of Nigeria’s most brazen crypto scams, Inksnation remains operational and still invites new investors some three months after the country’s Securities and Exchange Commission (SEC) deemed its activities illegal. The SEC has previously warned Nigerians against investing with the scam...
Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains
19.9.2020
The price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior. The entire crypto-economy of 7,600+ coins has gained 2.29% during the last 24 hours touching $344 billion. Bitcoin (BTC) markets have surpassed...
Bitcoin and Altcoins Dip Remains Attractive To Buyers
14.9.2020
After a decent recovery wave, bitcoin price struggled to continue above USD 10,500. As a result, BTC corrected lower, but the bulls defended the USD 10,200 support. The price is currently (08:30 UTC) rising and it seems like the bulls might attempt another break above the USD 10,550 and USD 10,600...
Bitcoin hashrate remains strong during monsoon season
11.9.2020
Mining operations in China were not adversely affected by the heavy rains
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
3.9.2020
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid...
73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: Survey
29.8.2020
A survey of Argentina’s citizens shows that 73% believe cryptocurrency is the most effective saving method in the current economic crisis, such as to hedge against high inflation. Strong Crypto Sentiment in Argentina Global peer-to-peer (P2P) bitcoin marketplace Paxful released the results...