Since Sunday, January 20, $6 billion has been wiped from the cryptocurrency markets as Bitcoin is trading lower and dragging altcoins with it. The recent delay to Ethereum’s Constantinople hard fork brought further dismay and dragged the coin’s price lower, which also allowed Ripple’s XRP to widen the volume gap between the two digital assets. Currently, there’s...
Bitcoin SV made news recently when it overtook the tenth spot in terms of cryptocurrency market cap. The token network is now worth about $1.35 billion and is likely to increase is worth in the coming months. Bitcoin SV, Bitcoin Satoshi Version, is a hard-fork of the Bitcoin Cash blockchain that is giving its parent a run for its money. The BSV is meant to embody...
Since January 10, the total market cap has shrunk from $138 billion to $118 billion and most cryptocurrencies have been sliding lower, thus putting on hold all hopes of a Crypto Winter end. Ethereum’s upcoming Constantinople hard fork is expected to bring substantial improvements to the network and is scheduled to occur at block 7080000, which is predicted to be...
Positive developments keep being announced by Ripple, yet somehow they are not reflected on XRP’s charts. The latest announcement is that in a matter of weeks, Euro Exim Bank is set to begin using XRP-based xRapid for cross-border payments. The technology will be fully integrated and the bank plans to use XRP for payments across 80 countries. Many of Ripple’s...
Litecoin is making history by entering the mainstream sports world and being the first official cryptocurrency partner of the Ultimate Fighting Championship (UFC). Litecoin’s logo will be featured on the Octagon canvas on December 29, at UFC 232, which will take place in Los Angeles, with the main event being the championship fight between former UFC Light...
Currently trading at 128 against the US Dollar, ETH is completing a much-needed retracement and has been trading sideways for almost 2 days, most likely due to Christmas. It is still up more than 17% for the last 7 days but down 2.66% in the last 24 hours at the time of writing and according to CoinMarketCap. The pair is likely to find support at the 200-period...
Part of their “12 Days of Coinbase” project, which involves making a new announcement every day between Dec. 10 and Dec. 21, Coinbase just announced they plan to expand to 6 SEPA countries: Andorra, Guernsey, Gibraltar, Lithuania, Iceland and Isle of Man. The announcement came on Dec. 20, which leaves only one more until the end of their project. Some have...
Similar to most other cryptocurrencies, Litecoin has slowed down its bullish pace, posting just a modest 0.55% gain for the last 24 hours at the time of writing. However, the gains for the last 7 days stand at more than 37%, so the fact that it’s moving sideways or even retracing shouldn’t be a problem. The first support is located between 31.00 and 31.30, while...
A recent report published by Bloomberg states that Tether “has the billions it promised”, indicating that USDT may be backed 1-to-1 by USD after all. In the past, some sources claimed that USDT is not backed entirely by US Dollars and this spurred allegations of misconduct and price manipulation (some voiced concern that BTC’s rise to $20,000 was fueled by...
EOS has been one of the best gainers in the latest bull rally, posting gains of more than 40% over the last 7 days and completing a very important bearish retracement which is healthy for the mini uptrend started after the low at $1.55. Currently trading at $2.80, EOS has established support at 2.50 and seems set to reach the key mark at 3.00. For that to happen,...
Ripple’s XRP added more than 20% during the last 7 days and almost 12% during the last 24 hours alone, currently trading at 0.38 against the US Dollar. The rally begun after a false break of the key support level at 0.30, which triggered a sharp rise and a break of the resistance zone between 0.33 and 0.35. That previous resistance has now turned into support, so...
A couple of days ago we spoke about a double bottom formed on ETH/USD charts, which is a strong bullish formation and we predicted a jump higher. This scenario came true and now Ethereum is trading at $106, comfortably above the major hurdle at $100. Keep in mind that despite the major upside movement seen across the board over the last few days, we are not yet...
All cryptocurrencies in the top 20 have posted gains for the last 24 hours and market cap increased more than $10 billion in a day, according to CoinMarketCap. The market is green once again after a long period of gloomy red and seems like this is more than a correction in a downtrend. Can this become a full-scale reversal? While all main coins have been posting...
Leading U.S. exchange Coinbase has recently added a service that allows users from 35 countries to “convert” (trade) the listed cryptocurrencies against each other. Currently, Coinbase’s basket of digital assets is relatively thin but they plan to add more in the recent future or at least that’s what they have stated. Also, U.S. customers now have the...
President Donald J. Trump announced that Mick Mulvaney will become the new acting Chief of Staff for the White House. He is currently the director of the Office of Management and Budget and will assume the new position by the end of the year but apparently, he will keep his current position as well. Mulvaney is a known proponent of Bitcoin and blockchain in...
Stellar (XLM), which is currently the 4th largest cryptocurrency by market cap, recently broke its previous low and lost 7.25% over the last 24 hours. This is quite a big drop considering that most of the top 20 cryptos have slowed their descent and are forming support. The recent break shows downtrend resumption and suggests that another leg of said downtrend...
Go-Ethereum (Geth), which is Ethereum’s most used software client has just updated to version 1.8.20 and revealed that the Constantinople hard fork will happen at block number 7,080,000, which means it could go live sometime between Jan. 14 and Jan. 18, 2019. Constantinople is a proposed upgrade that (if accepted by users) would bring enhancements to the network,...
Fear, Uncertainty and Doubt – that’s how a lot of mainstream media outlets depict the current state of the blockchain environment, yet fresh data proves otherwise. A recent study conducted by the Cambridge Centre for Alternative Finance shows the number of verified cryptocurrency users jumped from 18 million last year to 35 million in 2018. According to the same...