Monthly Archives: September 2020

Price analysis 9/21: BTC, ETH, XRP, BCH, DOT, BNB, LINK, CRO, LTC, BSV

The market has taken a bearish turn and Bitcoin and altcoins will need strong relief rallies in order to restore their uptrends. Legacy and crypto crypto markets saw a strong correction today as traders fear that the second round of economic stimulus might be delayed as the White House, Senate and Congress could become entangled in a fight to fill the vacancy created by the passing of Supreme Court Justice Ruth Bader Ginsburg.  In addition to this, financial stocks are leading the bloodbath as reports emerged that […]

More info

Turbulent Crypto Markets Expected – 87K Worth of Bitcoin Options Set to Expire on Friday

Markets are expected to be volatile this week, as a great number of bitcoin and ethereum options are set to expire this Friday. Data shows more than 87,000 bitcoin options will expire and 77% of the action is held on the Deribit exchange. U.S. stocks dropped hard on Monday, as the Dow Jones Industrial Average dropped more than 700 points during the stock market’s afternoon trading sessions. Meanwhile, bitcoin (BTC) took a hit on spot markets dropping over 4% in value. A number of other cryptocurrencies like […]

More info

No, you can’t buy Venezuela’s Petro on any overseas exchanges

The Venezuelan government has not yet announced partnerships capable of listing PTR abroad. A New York-based crypto exchange has listed a token with the same name as the Venezuelan state-issued asset, the Petro (PTR). In reality however, the two are entirely unconnected. Exchanges such as BitMart have recently begun listing this similarly named token for trade on their platforms. However, the Venezuelan government has not yet announced any partnerships with exchanges abroad. According to an article published by Cointelegraph Spanish, only seven local crypto exchanges offer PTR […]

More info

US banking regulator authorizes federal banks to hold reserves for stablecoins

Federal banks in the U.S. see new capacity to provide services to crypto firms, specifically stablecoin operators. Per an interpretive letter from the U.S. Office of the Comptroller of the Currency released on Monday, national banks will be free to hold reserve currencies for stablecoins. The new guidance reads, “We conclude that a national bank may hold such stablecoin ‘reserves’ as a service to bank customers.” Alongside the announcement, Acting Comptroller of the Currency Brian Brooks noted that stablecoin services are already a part of many banks’ […]

More info

SEC vs. Telegram: Part 1 — Key takeaways for now

The legal battle between the U.S. SEC and Telegram could be a strong warning against the SAFT process. Telegram is a popular, global, cloud-based instant messaging, videotelephone and voice-over service company. Particularly popular with crypto-enthusiasts, at the end of 2017, Telegram came up with a plan to raise funds to support the development of a new crypto asset, dubbed Gram, and a network originally planned as the Telegraph Open Network. Proceeds would also fund further expansion of the messaging service that had previously been funded by the […]

More info

Is a Bitcoin ‘death spiral’ imminent following yesterday’s massive difficulty adjustment?

Bitcoin experienced two massive mining difficulty adjustments recently. Is this something to be concerned about? Before the recent halving, many were prophesying a so-called “death spiral” for Bitcoin. This theory hinges on the idea that the halving of the block reward leads to an exodus of miners due to the sudden unprofitability of mining activities. As a result, the network hashrate decreases and the block time increases, meaning that miner revenue further diminishes, pushing more miners off the network. This loop would then allegedly continue until there […]

More info

Bitcoin is a better gold than gold itself, Tyler Winklevoss says

Bitcoin may never escape its ongoing comparisons to gold. According to Tyler Winklevoss, co-founder of the Gemini crypto exchange, Bitcoin beats gold at its own game.  “Bitcoin is better at being gold than gold — and not just incrementally, but by an order of magnitude or 10X better,” Winklevoss said in a Sept. 21 tweet.   Over the last decade or so, Bitcoin has risen dramatically in price, surpassing numerous landmark price comparisons along the way. For many, it is now seen more as a store of value than a […]

More info

After 16% drop, traders target $250 Ethereum price — Here’s 3 reasons why

Ethereum price corrected 16% in 4 days, led by these three key factors. The crypto market saw a significant correction today and Ether (ETH) price did not escape the carnage. In the last 24 hours, the top altcoin recorded a 12% drop as the price fell to $331. In the same period, Bitcoin (BTC) price slipped by 6.3% to find support near $10,300. Ether’s decline comes after a head and shoulders pattern became clear on the daily timeframe and the price slid into a shart downtrend over […]

More info

Cointelegraph Consulting releases DeFi Guide to increase wider adoption

Cointelegraph Consulting releases “DeFi Adoption 2020: A Definitive Guide to Entering the Industry,” to speed up DeFi adoption. Many new users have been attracted to the explosive expansion of the DeFi sector in 2020, seeking to explore the growing selection of finance tools and applications. Not surprisingly, large barriers exist due to complexity, high transactional fees, not to mention the inherent risk of using these relatively new platforms. In an effort to simplify the user experience by providing a knowledge base, Cointelegraph Consulting has released DeFi Adoption […]

More info

Uquid Launch the Defi Shopping Stake (DSS) and Defito Finance (DTO)

The trouble with many current DeFi projects is that while they eliminate traditional institutions from the mix, they instead transfer ultimate control over to a select group of insiders who have their financial motives and agendas. It’s an arrangement that’s ripe for abuse, and something that should be anathema to anyone who believes in the real promise of DeFi. But now, there’s a DeFi solution that’s on a mission to deliver where so many others have failed. It’s called the Defito (DTO), and Defi Shopping Stake (DSS) […]

More info
1 2 3 4