Government-Owned Swiss Bank Launching Crypto Trading and Custody Services

August 4th, 2020

Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned commercial bank BKB will be offering cryptocurrency services through Bank Cler, the bank told Citywire Switzerland…

ETH Moves Close To $400 As Community Preps For Medalla Testnet Launch

August 3rd, 2020

The Ethereum network as a whole has had an eventful couple of months. ETH was one of the top performers of the latest alt season. From being dissed for constantly delaying Ethereum 2.0, the network has come close to rolling it out as the Ethereum Foundation is all set to launch its multi-client testnet that…

YFI Copycat YFFI Enters Death Spiral As It Plummets By Almost 100 percent

August 3rd, 2020

After the community observed’s [YFI] price hitting almost $5K, several tokens mimicking YFI entered the market. However, they seem to be nothing but products of a pump and dump scheme.  Decentralized Finance [DeFi] had all eyes on it after certain applications brought in immense value. DeFi’s lending and borrowing platform, Compound Finance undoubtedly initiated…

LINK Bulls Target $10 As Number Of Daily LINK Transfers Soar By 82 percent

August 2nd, 2020

Chainlink [LINK] has once again taken shelter under the crypto limelight with its price movement. While LINK seems to be heading towards its recent all-time high, other prominent coins like Bitcoin, Bitcoin Cash, Cardano, and many others were recording a serious slump in their respective prices.  LINK Heading The List Of Top Gainers [Once Again]…

Ripple Price Forecast: XRP/USD Rejected At $0.25 Again Is $0.23 The Rendezvous?

July 31st, 2020

Ripple has been performing incredibly well this week. For the first time since February, the digital asset traded at $0.25. This was a significant improvement owing to the fact that XRP plummeted to $0.11 in March amid a global market crash. The resistance zone at $0.25 has been tested twice without success. XRP/USD is holding…

Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours

July 30th, 2020

The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the…

Ethereum Price Forecast: ETH/USD Symmetrical Triangle Breakout To $400 In The Offing

July 30th, 2020

Ethereum bulls have for most of this week’s trading found it increasingly difficult to hold the price above $320. Note that, earlier in the week, Ether ascended to a new 2020 high around $314. Unfortunately, a reversal ensued, forcing ETH/USD to seek support at $305. Meanwhile, another short-lived recovery took place with Ethereum briefly trading…

Ripple Price Forecast: XRP/USD New Bullish Setup Leaves Bitcoin and Ethereum In the Dust

July 29th, 2020

As Bitcoin and Ethereum rallied on Sunday and Monday, Ripple only managed to clear a couple of resistance zones including $0.21 and $0.22. A seller congestion zone at $0.2250 became the pivot point. XRP/USD retreated to seek support at the former resistance ($0.21). The ascending channel aided in controlling the impact of the selling pressure….

Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

July 29th, 2020

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset Ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce. Regional reports stemming from China explain that GPU miners…

Ethereum Price Forecast: ETH/USD free-falls in tandem with Bitcoin, can $300 hold?

July 28th, 2020

Ethereum surprised many with its incredible rally from last week but particularly on Sunday. The second-largest digital asset cleared the resistance at a key symmetrical triangle. This coupled with increased trading activity, especially for Bitcoin, sent ETH/USD upwards past $300 and $330 levels. For the first time in 2020, ETH/USD traded above $300. The trading…