China: Speculations Thrive As China Complicates Stance on Cryptocurrencies

November 16th, 2019

A few days back, the People’s Congress in China passed the cryptographic law and it is all set to come in effect starting January 2020. The Chinese president, Xi Jinping also in an organized study session lauded blockchain and said that the communist party should tap blockchain for technological advancement. Well, this was taken as…

Chainlink Rises 9.45% in 24 Hrs, Crosses $1 Billion Market Cap

November 14th, 2019

LINK prices are up by 8.46  in 24 hours. Chainlink (LINK) opened the day trading at $2.81 on the 13th of November and is trading at $3.07, at press time. LINK’s Market Cap Crosses $1 Billion LINK’s market cap has also made a significant move in the past 24 hours. It has reached $1.05 Billion…

Bitfinex to Offer Options Trading; Are Exchanges Racing to Board the Crypto Derivatives Train?

November 13th, 2019

Derivatives trading in the crypto sphere has been a matter of speculation and discussions. Of late, a surge in the number of platforms offering derivatives […]

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New Blockchain Game Beats CryptoKitties’ Record in ERC721 Token Transactions

November 13th, 2019

There is no denying that ERC 20 standard tokens still hold the bulk of transactions on Ethereum. Nonetheless, the recent spike in ERC 721 non fungible tokens (NFT) transfers was quite noticeable. Gods Unchained, a blockchain based game, saw its ERC-721 transfer count peak during the month of November blasting past the previous high achieved…

Bitcoin Price Analysis: Why Bitcoin Bulls Are Burying Their Heads In The Sun?

November 12th, 2019

Bitcoin current trend is mundane and annoying for day traders. The consolidation comes after a bearish 24 hours where Bitcoin dived from highs above $9,000 to form new support above $8,500. Correction to the upside is hampered at $8,800, besides the dominating moment has a bearish bias. The four-hour chart shows the price way below…

Singapore’s Central Bank, JP Morgan To Develop Blockchain-based Cross-Border Payments System

November 11th, 2019

Singapore’s Central Bank, the Monetary Authority of Singapore (MAS) has partnered with investment banking giant JP Morgan and developed a blockchain prototype for cross-border payments.  Payment Settlements Using Different Currencies On Single Network The prototype will enable payment settlements using different currencies on the same network. For the same, Temasek, an investment firm owned by…

Bitcoin Price Fails to Hold Above Weekly Close, $5 Mln Longs Liquidated on BitMEX

November 11th, 2019

Bitcoin rose $200 on Sunday as price broke above $9000. The psychological positive move along with green across the entire crypto market raises the sentiments of most traders towards the year-end. However, it fails to hold the bullish psychological as the price has fallen back to $8950 levels. The price of Bitcoin [BTC] at 4: 30 hours…

China’s State Newspaper Recognizes ‘Bitcoin’ in a Bittersweet Symphony

November 11th, 2019

The most prominent and influential state-run news agency in China, Xinhua (‘New China’), just published an article on Bitcoin and blockchain. The title of the article, Bitcoin: The First Successful Application of Blockchain, looks positive. However, when one goes through the material, it leaves a bitter after taste. Xinhua article on Bitcoin: The First Successful…

Is Bitcoin Running Out of Bullish Arguments Due to Stock Market Rally?

November 9th, 2019

Bitcoin price plunged below $9000 mark yet again. What looked like a possible break above $10,000, has turned into longer days of consolidation. The narrative for Bitcoin [BTC] investment has taken many shapes and forms over the years. After its failure as a payment mechanism in 2016-2017, the ‘safe haven‘ narrative has become wildly popular….

Bitcoin Price Goes South of this Critical Level, but Traders Expect a Bounce Soon

November 9th, 2019

Bitcoin price dipped below $9000 and the 200-Day Moving Average yesterday. Bulls, however, seem unnerved by the dip. The fear and greed index dropped slightly on the decline. However, unlike last time when BTC dipped below $9000, the sentiments seem more in the neutral range. Bitcoin Fear and Greed Index (Source) The price of Bitcoin…