Coins

Chinese Crypto Analysts Reveal Truth Behind Law and Warning Imposition in the Country

December 27th, 2019

The financial and housing regulatory authorities in Beijing issues a warning letter for its citizen engaging in cryptocurrency businesses. However, prominent crypto analyst and CEO of Sino Global Capital, Matthew Graham says that the letter is more of a ridicule in the country itself. The warning extends to service providers, investors and other interested entities…

Ethereum Futures Market Stats Indicate Increased Short Inclination

December 26th, 2019

Ethereum [ETH] investors were highly alarmed of a possible dumping yesterday. About $25 million in ETH were moved to exchanges like Kraken, Binance and Huobi. Blockchain analytics start-up, Viewbase tweeted, 204,530 $ETH has been sent to exchanges, with 89,058 ETH going to #Kraken, 25,908 ETH going to #Binance and 99,987 ETH to #Huobi respectively. The…

Ethereum Hard Fork on January 1, 2020 to Increase Inflation by over 20%

December 24th, 2019

The devs from the Ethereum Foundation confirms that Hard Fork scheduled on 1st January will increase the inflation in ETH. The increase in inflation or the supply is expected to decrease the price of ETH further. Nonetheless, there is also a slight chance that the negative effects have been priced in already. The Hard Fork…

Tron Gains 12% as Justin Sun Promotes a Latent Ponzi Scam

December 23rd, 2019

Tron [TRX] gained 12.34% as price soared past $0.015,  it rose from $0.135. It logged a high at around $0.016 as the price upside eventually cooled down after the launch of the game. TRX/USD 1-Day Chart on Bitfinex (TradingView) “Playing the game” is essentially just buying a box on the just.game website. According to the about…

Ethereum Loses Key Support At $130 USD As Volume Spikes, Bullish Signs?

December 19th, 2019

The short spike in Ethereum’s price following Santa’s gift to Bitcoiners is wearing off as price signals a drop towards the bearish channel support level in the coming days. As Bitcoin shot up from intraday lows of $6,400 to trade at $7,100 in the early trading hours of the Asian market, a number of top…

Litecoin Selloff To $30 USD Imminent As Coin Dips Over 60% Since Halving

December 18th, 2019

The prolonged selloff in the cryptocurrency industry since the July uptrend may be soon coming to an end if Litecoin (LTC) bounces off support at $36.76 USD. The sixth largest cryptocurrency sparked the July gains across the market as Bitcoin price shot up shortly following Litecoin’s August halving. Now, kissing the major support level at…

Kraken Acquires OTC Desk from Circle as it Sheds Crypto Parts for Stablecoin Project

December 18th, 2019

Kraken’s OTC desk under Wall Street veteran Nelson Minier sees expansion as the firm acquires Circle Trade. The recent buy also indicates how Circle is shedding its’ crypto acquisitions. Recently, it sold the Poloniex Exchange to an Asian group of investors led by Justin Sun. The only firm that Circle currently holds is SeedInvest, an equity…

Ethereum Runs into a Difficulty Spike, Bitcoin Dev Smells Disaster in January Hark Fork

December 17th, 2019

Ethereum recently went through the Istanbul hard fork on 8th December 2019. It was one of the first in a series of hard forks to shift to PoS. However, in a surprising turn of events, the developers at the Ethereum Foundation have come to a realization that they forgot to upgrade something! As reported earlier…

Truth or FUD: A Crypto Analyst Says Bitcoin (BTC) is Overpriced

December 16th, 2019

According to one crypto analyst, Bitcoin-and cryptocurrencies-is overpriced and likely to drop further perhaps even below last year’s lows of $3,500. Explaining that most Bitcoin and cryptocurrency projects were launched “too hard and too fast”, the failure of these projects to gain traction and attract users is its main undoing. Bitcoin Launched Too Hard, Too…

Bitcoin (BTC) Longs on Bitfinex at 21-Month Highs, Bulls Incoming?

December 14th, 2019

The number of Bitcoin Longs on Bitfinex is at a 21-month high. At pixel time(1:45PM UTC+3), there were 41.3k margin Longs against a mere 5.9k margin Shorts, a disparity that could be a shot in the arm for optimistic bulls who have been battered in the last six months. Are Bulls Accumulating? Bitcoin-shorts-vs-Longs Trading below…