Coins

Bitcoin: Why Bakkt Launch Could be a “Buy the Rumor, Sell the News” Event

September 7th, 2019

Bitcoin [BTC] recorded a flash drop yesterday of over $500 (about 4.75%) in less than an hour. Before that, Bitcoin had gained about $300 on the daily scale. A good volume even accentuated the bullish momentum. However, towards the end of the day, it dropped vertically. The price of BTC at 4: 30 hours UTC on 7th September…

Crypto Scam: Formula One Team Sponsorer Vanishes After Lying for a Year

September 7th, 2019

Financial.org, an unregulated financial advisory firm, shut down operations. The British firm blocked and converted users funds to a cryptocurrency, FOIN. It was a lead sponsor-er of Formula F1 team Williams Martini Racing.  Financial.org was under regulatory oversight from eight nations – Britain, Indonesia, Laos, the Philippines, Thailand, and the UAE. Reportedly, the firm primarily…

Why is the Current Crypto Bull Run Different from Others? Here’s a List of the Factors at Play

September 6th, 2019

The crypto market has been behaving somewhat strangely over the past couple of weeks – Bitcoin has been rising and falling rather erratically while adding to its market dominance, and altcoins have been plunging in price and shrinking in their market cap and dominance. With the Bakkt launch nearing and the global economy fearing economic…

Large BTC Hodler Transfers Over $1 Billion Worth Of BTC Between Wallets

September 6th, 2019

Within the last few hours, a large BTC transaction took place between unknown BTC wallets. The transaction was worth $1,018,147,922 USD as it involved the transfer of 94,504 BTC. The identities of the transacting parties are a complete mystery.  On Friday, popular crypto account dedicated to tracking large cryptocurrency transactions, Whale Alert, notified the community of…

As Bitcoin Consolidates above $10,600, Analysts Expect a Big Move

September 6th, 2019

Bitcoin [BTC] broke bullish on 28th August as it rejected another attempt for a break below $9000. The price has been in the green since then, with Bitcoin holding its gains above $10,500. Analysts suggest that we could see a massive move on either side soon. According to another crypto-trader, B.Biddles, the open interest in…

‘Ethereum 2.0 will actually be the World Computer’, Says Vitalik Buterin

September 5th, 2019

Vitalik Buterin, the co-creator of Ethereum and the founder of the Ethereum foundation recently spoke about the developments with Ethereum 2.0 and his take on the blockchain space in a podcast episode. He claims that with “tens of thousands of transactions a second” processing speed “Ethereum 2.0 will actually be the world computer.” He acknowledged…

Crypto Analysis: Why Bitcoin Might Face Another Price Correction in September?

September 4th, 2019

While Bitcoin Price continues to linger around $10,000, traded volume on spot exchanges has surprisingly hit a 5- month low of $55 Billion in August. This indicates a fall of 50% in the past two months.  Bitcoin’s Traded Volume Hits A 5-Month Low While Bitcoin continues to soar high, it’s trading volume, unfortunately, doesn’t share…

Ethereum Classic Price Analysis: ETC Forming An Ugly Rising Wedge Pattern

September 4th, 2019

Ethereum Classic managed to avert a possible slump towards $5.5 support last week. Besides, the conditions across the market were a prime further breakdown. The breakdown below the 100 Simple Moving Average (SMA) 4-hour chart and the 200 SMA 4-hour fueled declines below the vulnerable $6.0 support. ETC/USD explored lower levels towards $5.5 but managed…

Another XRP Killer? HSBC Issues Credit in Chinese Yuan on Blockchain-based Platform

September 3rd, 2019

After conducting the first blockchain-based financial transaction in May, yesterday, HSBC performed its first yuan-based transaction on Voltron. The blockchain-based interbank system could be the next Ripple and XRP killer. HSBC Holdings plc. is one of the largest investment banks in the world. Like others, it is also exploring the potential of blockchain in transforming…

Boxing Champ Pacquiao Launches First Celebrity Cryptocurrency – Here’s How it Works

September 2nd, 2019

World Boxing champion and politician, Manny Pacquiao launched his cryptocurrency. The eight-time division world champion announced its launch at his free concert in Manila yesterday. Global Crypto Offering Exchange (GCOX) exchange will list the token. The Singapore-based exchange is a platform for celebrities to launch personalized tokens. Manny Pacquiao and former England and Real Madrid striker…