Coins

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…

Bitwise10 Crypto Assets Index Replaces Altcoin for Tezos; Will XTZ Top at ATH?

December 13th, 2019

Bitwise, a digital asset management firm provides the Bitwise10 index which includes 10 cryptocurrencies among other digital securities such as a Bitcoin index. Recently, at the end of the month of November, it replaced Dash [DASH] for Tesoz [XTZ] as the 10th crypto for its’ index. Bitwise, along with an asset management firm is one…

Vitalik Buterin: No, ZCash (ZEC) is not a Failure

December 11th, 2019

Vitalik Buterin, the co-founder of Ethereum and the proposer of ZK SNARKs as an on-chain scaling option for the second most valuable crypto project, doesn’t think ZCash, the privacy-centric blockchain, is a failure despite its small market cap. ZCash’s ZEC is ranked lower than DOGE—a project conceived after a Meme Fever went too far, and…

China’s Digital Yuan Could Outperform Libra, PayPal and Thrash Bitcoin’s Speed

December 9th, 2019

It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior…

Millennials Prefer Grayscale (GBTC) Shares to Alibaba, Netflix and Microsoft

December 6th, 2019

Grayscale Bitcoin Trust (GBTC) ranks fourth highest in the percentage of assets stored inequities across the millennial generation according to research by Charles Schwab. This surpasses traditional heavyweights in the stock world including Disney, Berkshire Hathaway, Alibaba and Netflix and Microsoft across the generation. GBTC ranks in the top 10 stocks held by millennials According…