Coins

Ethereum In Liquidity Crises As Whales Swallow $3 Billion Worth of ETH, Price Surges Above $1200

January 15th, 2021

Ethereum’s (ETH) price has once again surged 9% on daily charts moving past $1200 levels in another attempt to move past its all-time high. At press time, ETH is trading at $1214 with a market cap of $136 billion. As ETH price surges forward, the ETH supply and liquidity at exchanges is drying up very…

HongKong Approves First Crypto ETF Fund Worth $100 Million

January 14th, 2021

Hong Kong, China has approved an Exchange Traded Fund (ETF) worth $100 million that would also include 10% in cryptocurrency. The ETF would be raised by Yibo Financial as per a report from Wu Blockchain. Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million…

Polkadot Shoots 40 percent Above $11.50 to Become the Fifth-Largest Crypto Leaving Behind Litecoin

January 14th, 2021

In a massive rally, Polkadot (DOT) has entered the ranks of top-ten cryptocurrencies by market cap leaving behind long-time giants like Litecoin (LTC) and Bitcoin Cash (BCH). At press time, the DOT price is up 40% above $11.50 with its market cap surging past $10.2 billion. Over the last month, the Polkadot bulls have really…

Mining Rig Manufacturer MicroBT Prepares for U.S. IPO With Estimated $1 Billion Revenue In 2021

January 13th, 2021

MicroBT, one of China’s biggest mining rig manufacturers of mining equipment is preparing for an Initial Public Offering (IPO) this year in the U.S. Stock market. Founded in 2016, microBT is a relatively new player but the second-largest Bitcoin mining rig manufacturer in China. The company has gained solid market share with its Whatsminer series,…

Ethereum Whale Addresses With Over 10,000 ETH Continue to Grow In Numbers, Price Holds Above $1000

January 12th, 2021

Just as the cryptocurrency market correction eroded more than $150 billion in a single day on Monday, January 8, Ethereum too corrected more than 15%. However, after approaching closer to its all-time high of $1400 earlier on Sunday, ETH has still managed to hold above major support of $1000. At press time, ETH is trading…

Ethereum Approaches All-Time High of $1400, Active Supply At 3-Year Low

January 10th, 2021

After nearly 2 days of consolidation, the world’s second-largest cryptocurrency Ethereum (ETH) is on the move surging another 9% today and moving closer to its all-time high of $1400. At press time, the ETH price is 9% up trading at $1335 levels with its market cap crossing $150 billion for the first time since January…

“SEC can do Better on Clarity on Regulations” Says SEC Commissioner Hester Pierce

January 8th, 2021

In a recent interview SEC commissioner aka Crypto Mom Hester Pierce said SEC can do better on clarity of regulations as enforcement should not be the only way to provide guidance. It should be noted that the hearing for the lawsuit is due in virtual court on Feb. 22nd, 2020 losing which XRP might be…

Ripple price recovery hits a massive barrier at $0.4 as technicals quickly turn bearish

January 8th, 2021

Ripple is attempting to redeem itself after the multiple lawsuits it was forced to endure towards the end of 2020. The final price dip to $0.17 saw bulls come back from hibernation to defend their fort. The bulls’ efforts were rewarded by a spike above $0.2, but the upside remained limited under $0.25. Consolidation took…

Crypto Market Cap Hits $1 Trillion As Exchanges Are Flooded With Buy Calls

January 7th, 2021

A massive rally in the crypto markets pulls the overall cryptocurrency market cap above $1 trillion for the first time in history. Thanks to Bitcoin (BTC) and some of the popular altcoins like Ethereum (ETH) which have been leading the show over the last year. If we see the monthly chart, the overall crypto market…

Grayscale Investments Clears Out XRP in Its Digital Large Cap Fund

January 6th, 2021

Grayscale has sold all of its XRP holdings to purchase bitcoin, ether, and other crypto assets. In an announcement made earlier today, Grayscale made it known that the firm has sold all of its XRP tokens from the Digital Large Cap Fund. Grayscale Sells Off All XRP Holdings There appears to be more gloom for…